Bitcoin (BTC) whales are “clearly accumulating” as the BTC price trades below all-time highs, according to on-chain analytics platform CryptoQuant.CEO Joo Ki-young described the influx of coins to large investors as “unprecedented” in a July 24 post on X.Bitcoin Whale Adds 358,000 BTC in JulyBitcoin’s “permanent holders” are buying large amounts of BTC at current BTC price levels.Analysis of the 30-day balance changes for permanent holder addresses shows that there has been an unprecedented wealth transfer in the history of cryptocurrency markets.“Bitcoin is in an accumulation phase,” he summarized.”Last month 358K BTC were moved to permanent holder addresses.”Bitcoin Permanent Holder…
Author: Crypto Flexs
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Franklin Templeton endorses Solana. Solana is rated as being highly efficient and scalable. Institutional interest in Solana has grown. Solana is seeing a continued uptick in interest from major financial institutions. Following its partnership with Stripe and Paypal and its major support for VanEck’s Solana ETF application, more traditional institutions are joining in. Among them, Franklin Templeton, a global leader in asset management, once again expressed its support for Solana. The company’s digital assets team highlighted Solana’s cutting-edge technology and strong adoption. Franklin Templeton Highlights Solana’s Technology On Tuesday, July 23, Franklin Templeton’s Digital Assets team took to Twitter to…
Ether is down 7.9% over the last 24 hours, while the overall cryptocurrency market is down 3.45% as investors continue to consider the impact of recent Mt. Gox transactions and macro developments.According to The Block’s pricing page, Ethereum was trading at around $3,166 at the time of writing, down 7.9% over the last 24 hours. Bitcoin Bitcoin -3.46% At the time of writing, it was down 2.52%, trading at $64,200.“The highlighted pullback… is not only unsurprising, it was expected,” Justin d’Anethan, head of APAC business development at crypto market maker Keyrock, told The Block. “Market memories are short, but while…
Terryl Dickey 25 Jul 2024 03:52 Binance Futures is launching a promotion for USDⓈ-M Futures Grid users who utilize the Trailing Up and Trailing Down features, offering a 30,000 USDT prize pool. Binance Futures has announced a new promotion designed to encourage USDⓈ-M Futures Grid users to use the Trailing Up and Trailing Down features. According to Binance, those who participate in this promotion will have the chance to share a prize pool of 30,000 USDT in the form of Futures Bonus Vouchers. Promotion Details The promotion period is from 00:00 UTC on July…
Popular cryptocurrency analyst and enthusiast Doctor Profit boldly predicted that Ethereum will undergo a massive parabolic move: Spot ETH ETF News that it will be launched before the end of the year has caught the attention of the cryptocurrency industry. Ethereum Expects Major Price Rally After Spot ETH ETF at post On the X (formerly Twitter) platform, Doctor Profit emphasized that all eyes are now on the shining bull Ethereum, something he has been predicting for years. Now, with the launch of a spot ETH ETF, the expert believes that this crypto asset is finally ready to dominate the crypto…
A prominent crypto strategist says one under-the-radar decentralized finance altcoin appears ready for a major rally. Credible Crypto, an anonymous analyst, told his 403,900 followers on social media platform X that he is bullish on the underlying asset of decentralized exchange and automated market maker Convex Finance (CVX). The trader shares a chart showing that CVX is poised to trigger a third surge against the US Dollar. “I think an explosive move for CVX is right around the corner. I think CVX is likely to outperform in the short term as the BTC pairing is approaching major demand/support and the…
9th in the US Ethereum Ethereum -7.95% Exchange-traded funds (ETFs) saw net outflows of $133.16 million on Wednesday, the second day of trading, reversing Tuesday’s positive trend. Grayscale Ethereum Trust (ETHE) had net outflows of $326.86 million, making it the only Ether fund to see outflows. data In SosoValue.Fidelity’s FETH saw the largest inflows with $74.46 million in net inflows, followed by Grayscale Ethereum Mini Trust with $45.93 million, Bitwise ETHW with $29.64 million, and VanEck ETHV with $19.84 million.BlackRock’s ETHA recorded net inflows of $17.44 million on Tuesday, compared to $266.55 million in inflows on Tuesday.The Spot Ether ETFs…
Jorg Hiller 25 Jul 2024 04:11 Bitfarms Ltd. has adopted a new shareholder rights plan after the Ontario Securities Commission Tribunal ruled to halt trading under the original plan. According to GlobeNewswire, Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin data center company, has announced the adoption of a new shareholder rights plan following the decision by the Ontario Securities Commission’s Capital Markets Tribunal to halt transactions under the company’s existing shareholder rights plan. Court decision The court’s decision was issued following a hearing on July 22 and 23, 2024. The decision effectively terminates Bitfarms’…
Ethereum is also following Bitcoin’s path following the approval of a spot BTC ETF earlier this year. The spot Ethereum ETF successfully launched on Tuesday, with inflows of over $107 million, but the ETH price is under selling pressure and is down 1.1% at the time of writing, nearing the $3,450 level. However, on-chain metrics suggest that Ethereum whale activity remains high, suggesting that any downside could be limited going forward. According to on-chain data from IntoTheBlock, despite the ETF price drop yesterday, large holders have accumulated 112.9k ETH, raising a whopping $390 million. This accumulation significantly exceeds the $106…
GSOL has surged to an all-time high as of this writing. GSOL price rises as expectations for SOL ETF grow. Grayscale Solana Trust has benefited from the current market conditions as the cryptocurrency market recovers and institutional investor interest surges. As discussions around a SOL ETF have intensified over the past two months, institutional investor interest has emerged even as Solana’s price has declined since its rally in May. GSOL is trading near ATH GSOL benefited greatly from the favorable market conditions surrounding SOL. According to Google Finance, GSOL closed at $524 two hours before the article was published, close…