Company • July 15, 2024 11:38 PM EDT Posted 1 minute earlier In ~ Japanese investment firm Metaplanet Inc.’s stock rose 25.8% in early trading Tuesday after the company said it had purchased about $1.26 million worth of additional bitcoin.Tokyo listed company goes public 21877 I bought an additional 200 million yen worth of Bitcoin today Bitcoin +0.62% This brings the total Bitcoin holdings to 225,611 BTC, or approximately 2.25 billion yen (US$14.2 million).The latest acquisition comes just over a week after the company purchased 42.47 BTC on July 8. In May, the company announced that it had begun adopting…
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The spot Ethereum ETF could start trading next Tuesday. The SEC is in the process of collecting final drafts from potential spot Ethereum ETF issuers. Ethereum (ETH) has lost momentum after breaking above $3,400 earlier today, hitting an intraday high of $3,498 on CoinMarketCap. The leading altcoin was trading at $3,445 at the time of writing, up 3.64% over the past 24 hours. Source: ETH/USDT chart, TradingView ETH has recovered from its drop below $3,000 last week, rising 12.8% over the past seven days at the time of writing, but remains down 13.2% from its March 11 high. The recent…
Tony Kim 16 Jul 2024 04:31 Asset tokenization is set to revolutionize the financial sector with an estimated $16 trillion in value by 2030. Learn about key insights and challenges. Today, the estimated value of asset tokenization is $3.5 billion, and projections suggest it could reach $16 trillion by 2030. This rapidly growing market represents a huge opportunity, but what’s stopping the technology from realizing its full potential? This question was at the center of discussion at the London Tokenisation Policy Summit, hosted by Ripple (XRP) and Imperial College Business School’s Centre for Financial…
Fund • July 16, 2024 12:36 AM EDT Posted 1 minute earlier In ~ The 11 spot Bitcoin exchange-traded funds (ETFs) in the United States continued their seven-day winning streak, recording a daily net inflow of $301 million.According to SoSoValue, BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, saw its largest net inflows on the day, at $117.25 million. data. The fund was the most traded Bitcoin ETF on Monday, with $1.24 billion in volume. Ark Invest and 21Shares’ ARKB followed closely behind with $117.19 million in net inflows.Fidelity’s FBTC saw net inflows of $36.15 million, while…
According to a new report from Kaiko, Ether could outperform Bitcoin following the launch of a much-anticipated Ethereum exchange-traded fund (ETF) in the United States.The report highlighted the Ether (ETH) to Bitcoin (BTC) price ratio, which is a measure of how much BTC it takes to buy 1 ETH. The higher this ratio, the higher the Ether price relative to Bitcoin, and vice versa.The ratio is currently at 0.05, down from 0.045 before the U.S. Securities and Exchange Commission (SEC) approved a spot Ether ETF.ETH vs BTC price ratio. Source: KaikoEther’s 1% market depth was also mentioned in the report…
Jack Anderson 16 Jul 2024 03:53 Gala Games presents the Harvest Pie Hoedown event on Common Ground World, bringing new crops, crafts, and rewards for players. This week, Gala Games announced an exciting new event on Common Ground World called Harvest Pie Hoedown. From July 16th to July 19th, farmers from around the world will compete in a three-day event centered around making and selling fruit pies. Event Overview According to Gala News, Harvest Pie Hoedown will feature a meta focused on Fruit Pies, which require ingredients such as blueberries, apples, strawberries, sugar, and…
Cryptocurrency analyst Linda presents the following bullish case: Ethereum (ETH)It is expected to become the second largest cryptocurrency token by market cap. It could go up to $4,000. The analyst also explained the factors that could lead to such a price surge. Why Ethereum Can Reach $4,000 in post Linda shared on TradingView, highlighting the potential approval: Spot Ethereum ETF One factor that could lead to Ethereum moving to $4,000 is that she cited positive sentiment towards these funds, with traders awaiting news from the U.S. Securities and Exchange Commission (SEC). References These spot Ethereum ETFs are expected to be…
The Bitcoin (BTC) price rose 9.7% from July 13 to July 15, reaching around $63,500. The rally managed to reverse the previous nine days of losses, but the $65,000 resistance level remained unbroken for the fourth week in a row. Some traders attributed the recovery to speculation that China may lift its long-standing ban on Bitcoin. However, no official statement from the Chinese government has confirmed these rumors.Bitcoin derivatives market is not optimisticDespite the positive outlook, including major US presidential candidates expressing support for Bitcoin, BTC derivatives are not reflecting the same enthusiasm. Market participants are now wondering if there…
The internet meme of 2020, a cat named Oatmeal, is back in Solana. Cat meme coin PopCat has hit an all-time high as analysts hit a $1 price target. Despite the favorable indicators, several exchanges do not list POPCAT. Solana’s blockchain has seen a surge in animal-themed meme coins. In a world dominated by dogs, several cat-themed tokens have emerged, with POPCAT standing out with a 180% gain in the past 30 days.New Cat Explodes to $700 MillionPOPCAT pays homage to the internet meme featuring the short-haired cat Oatmeal, which became wildly popular in 2020. The meme coin has a…
Aayush Jindal is a financial market guru with over 15 years of experience in Forex and Cryptocurrency trading. Known for his exceptional ability to provide technical analysis, Aayush is a trusted advisor and chief market expert to investors worldwide, guiding them through the complex landscape of modern finance with his sharp insights and insightful chart analysis. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey to become one of the most respected figures in the Forex and Cryptocurrency trading…