A while ago on Twitter I said this: Bitcoin BTC +3.66% ETF flows are a key driving force shaping the current market trajectory.However, after further thought and reflection with some of my favorite market commentators, I think we need to adjust these claims.ETF flows actually matter. As investors flock to funds that track the prices of major cryptocurrencies, we have observed prices steadily rising. Conversely, when these inflows turned into outflows, we saw token prices fall sharply. In particular, interest in spot ETFs declined on March 18, resulting in over $150 million in outflows. This trend continued over the next…
Author: Crypto Flexs
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Victoria, Seychelles, March 21, 2024, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, is pleased to announce the listing of Toadie (TOAD), a Memecoin project transforming NFTs into a gateway to a vibrant digital ecosystem. In the fascinating world of Toadie, NFTs serve as the key to unlocking an endless realm of possibilities beyond traditional digital collectibles. Toadie introduces the innovative concept that NFTs are more than just static assets. They are dynamic entities that foster adventure and experiences within the digital ecosystem. The Toadie NFT provides users with levels that determine the energy of their Play-to-Airdrop (P2A) adventure,…
The European Union will closely scrutinize AliExpress and LinkedIn’s compliance with the Digital Services Act, coinciding with parliamentary approval of the Artificial Intelligence Act. Two important developments have emerged in Europe’s digital landscape. The European Union (EU) has launched an investigation into whether e-commerce platform AliExpress and professional networking site LinkedIn are complying with the newly implemented Digital Services Act (DSA). At the same time, the European Parliament approved the much-anticipated Artificial Intelligence Act to mitigate risks associated with AI technology and ensure user safety. AliExpress, a subsidiary of Chinese e-commerce giant Alibaba, and LinkedIn, owned by Microsoft, are under…
The widely respected analyst and trader expressed bullish sentiments about the Solana (SOL)-based altcoin, which has surged more than 100-fold in a matter of months. Analyst known by the pseudonym Bluntz says 249,900 followers on social media platform Bluntz, who regularly applies Elliott Wave theory to technical analysis, appears to be suggesting that MYRO is in the final leg of a five-wave pattern and could surge about 163% month-on-month, according to a chart posted by the analyst. The price has now hit a new all-time high of $0.55. Elliott Wave Theory states that major trends in asset prices move in…
XRP Ledger Ripple is at a crossroads, with multiple speculations that Ripple is a major threat to XRPL, calling into question the independence of the initiative within the cryptocurrency community. XRP Ledger is known for its speed, security, and low transaction fees, having reached several important milestones since its launch. Ripple emerges as the biggest threat to XRP Ledger. heated conversationOnledger claimed that “the biggest threat to the XRP ledger is the team everyone idolizes (Ripple)” and is now trying to cause further damage by hiding XRP sales. EVM (Ethereum Virtual Machine) sidechain. Onledger also argued that “there is no…
Pixelverse is ready to launch Raiser.co – Chainwire We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by…
Analyst Gautam Chhugani said, “A new Bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and record-high miner dollar returns make us the stocks Bitcoin miners want exposure to in the cryptocurrency cycle. “We continue to seek attractive purchase options for investors,” he wrote. Mahika Safra.
Coreum, a renowned blockchain technology company, recently released a complete roadmap for enterprise blockchain solutions. This strategic initiative aims to transform the way businesses use blockchain technology by providing tailored solutions tailored to the specific needs and challenges they face. Coreum’s innovative approach that emphasizes security, scalability, and interoperability positions it as a leader in developing blockchain-based business solutions for global enterprises. The initiative aims to increase efficiency, stimulate creativity and open new growth opportunities for organizations looking to harness the power of blockchain technology. The enterprise blockchain solution blueprint designed by Coreum is intended to help companies across all…
The U.S. government’s claims against bankrupt cryptocurrency exchange FTX are expected to total between $3 billion and $5 billion, subject to changes and negotiations with the authorities, according to a court filing on Wednesday.The total amount of the U.S. tax claim is still uncertain, the filing in the U.S. District Court for the Southern District of New York said, but once all government and tax claims are paid, the debtor can use any remaining proceeds to distribute to shareholders.However, it is important to note that under Chapter 11 priorities for real estate, FTX customers, Alameda Research lenders, administrative fees and…
As the cryptocurrency market approaches the expected Bitcoin halving on April 25, 2024, supply and demand dynamics have set the stage for a parabolic bull market. Unlike previous cycles, this year’s start signals an optimistic picture for Bitcoin, driven by increased institutional adoption and expanding use cases. Why Halving Puts Bitcoin in a Parabolic Bull Market The approval and success of the spot Bitcoin exchange-traded fund (ETF) marks a historic milestone in the cryptocurrency journey. Bitcoin has seen a significant price rise of 60% since its launch and trading volume has reached unprecedented highs. The influx of institutional interest in…