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…
Author: Crypto Flexs
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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…
$5.5 billion worth of Bitcoin (BTC) options expire in the early morning hours of July 26. This month’s expiration is particularly significant as the Bitcoin price has faced significant negative pressure from multiple sources: the Mt. Gox bankruptcy proceedings distribution, the German government’s sale of 50,000 BTC, and the sale of 14,000 BTC by the failed Genesis Trading company.Significant selling pressure has caused most Bitcoin call options to become worthless.On July 24, Mt. Gox assets sent 42,583 BTC to several addresses likely to be cryptocurrency exchanges. These funds have been held for over a decade since the Japanese-based exchange collapsed…
Company • July 24, 2024 5:53 PM EDT Posted 1 minute earlier In ~ Cryptocurrency asset management firm Hashdex has taken the next step in its plans to launch an exchange-traded fund (ETF) that directly owns physical bitcoin and ether, creating the first index-based cryptocurrency ETF in the United States.Hashdex filed a registration statement, also known as an S-1, with the U.S. Securities and Exchange Commission on Wednesday. The fund, called the Hashdex Nasdaq Crypto Index US ETF, will hold bitcoin and ether, but could later hold more assets depending on how the regulatory environment evolves.“If any other crypto assets…
Mimecoin, a member of the Solana ecosystem, has seen significant gains over the past seven days, outperforming the overall cryptocurrency market.According to data from CoinGecko, the total market cap of memecoins on the Solana blockchain has increased significantly over the past seven days, reaching $9.2 billion as of July 24.Cat in Dogs World (MEW) has the biggest weekly gain, up 82% over the last 7 days and up 1.4% over the last 24 hours. Gigachad (GIGA) has been the biggest gainer, up 45.5% over the last 7 days and up 9% over the last 24 hours.Large-cap Mimecoin in the Solana…
Jessie A Ellis 25 Jul 2024 01:48 Researchers are using AI to revive the DNA of extinct species to combat drug-resistant pathogens, a move that could potentially revolutionize antibiotic discovery. According to the NVIDIA Technology Blog, researchers are using artificial intelligence (AI) to mine the DNA of long-extinct species like woolly mammoths and giant sloths, discovering genomic secrets that could help us fight today’s most contagious pathogens. Coping with the Growing Crisis According to the World Health Organization (WHO), more than 1.25 million people die each year worldwide from infections that are resistant to…