Solana (SUN) It seems to be gaining attention. institutional investorThis Solana fund is trading at a premium of 870% as follows: SOL’s Bullish Momentum. This investor interest in SOL tokens is not surprising as on-chain indicators suggest that SOL tokens are still undervalued and a parabolic rise could be imminent. Grayscale Solana Trust Trades at a Premium sugar data Grayscale Solana Trust (GSOL) is currently trading at $317 per share, according to the Grayscale website. a significant premium At the current price of SOL. On March 8, when GSOL was trading at $540, the premium rose to 870%. The fund’s…
Author: Crypto Flexs
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Tortola, British Virgin Islands, March 12, 2024, Chainwire Nibiru Chain, a developer and user-centric layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out in that it provides a secure and efficient environment for building high-performance decentralized applications. It differentiates itself with a robust smart contract ecosystem that delivers exceptional throughput and unparalleled security, and is the platform for builders of games, real-world assets (RWA), NFTs, DeFi, and more. Empowering users with a rich ecosystem At launch, Nibiru Chain will offer extensive functionality to the community and potential builders. Users can participate in staking with NIBI validators…
“Users will be able to earn ETHFI tokens over four days by staking BNB and FDUSD into separate pools,” Binance said, with farming starting at 00:00 UTC on March 14. “Binance plans to list ETHFI on March 18th at 12:00 UTC.” Trading pairs available include ETHFI, Bitcoin (BTC), Stablecoin (USDT), and BNB TOKEN.
The HKMA announced the launch of the Stablecoin Issuer Sandbox, a step forward for fintech innovation in Hong Kong, in line with regulatory oversight. The Hong Kong Monetary Authority (HKMA) has officially unveiled its stablecoin issuer sandbox scheme, marking a significant step forward in the fast-growing fintech sector. Announced on March 12, 2024, this development is set to bring Hong Kong to the forefront of stablecoin innovation while ensuring a controlled environment for risk assessment and regulatory compliance. The new program is consistent with the HKMA’s ongoing consultation on legislative proposals aimed at establishing a comprehensive regulatory framework for stablecoin…
XRP’s value rose to $0.74, marking a significant rally and establishing itself as an outperformer in a broadly bullish cryptocurrency market. In this market rally, Bitcoin (BTC) and Ethereum (ETH) also showed slight gains of 2-4% over the past 24 hours. However, XRP dominated the market, leaping to price levels not seen since its all-time high in November. Why did XRP price soar? This latest Ripple XRP price action comes amid a broader market rally. The bull market has been fueled by optimism and speculation about potential exchange-traded funds (ETFs) and major cryptocurrency milestones such as the much-anticipated Bitcoin halving.…
In just two months since its introduction, the U.S. Cash Bitcoin Exchange Traded Fund has captured nearly 90% of the daily volume market share of ETFs providing price exposure to Bitcoin.The Bitcoin futures ETF, introduced in 2021, currently has a market share of just 10%.This marks an all-time high for daily trading volume market share for spot Bitcoin ETFs, according to The Block’s data dashboard. These figures highlight that investors prefer direct exposure to Bitcoin through ETFs rather than Bitcoin futures contract-based products. In fact, trading volume for spot Bitcoin ETFs has remained solid since its launch on January 11,…
Capital has been flowing out of Bitcoin, suggesting the price could fall below $69,000. Despite the increased profits for holders, the price of ETH may soon reach $4,500. Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) had a good start to March despite early predictions that the month could have a negative impact on the markets. For example, Bitcoin rebounded to a new all-time high (ATH) on March 11, surpassing $72,000. Ethereum, which was once behind, has caught up. According to AMBCrypto’s altcoin rating, the price of ETH has risen 8.59% over the past seven days. This performance…
You may have seen photos of Michael Saylor riding in a Bitcoin-branded van. A cheerful man is right next to the car door. This one: Ariel Aguilar and La Bitcoineta European Edition on BTC Prague. The car is Bitcoineta European Edition and the cheerful man is Ariel Aguilar. Ariel is part of the European Bitcoineta team and he has previously driven another similar car in Argentina. In fact, there are currently five cars in the world with the name Bitcoineta (in some cases prefixed with the Spanish definite article “La”).Argentina: The Original La BitcoinetaThe story of Bitcoinetas begins with the…
CoinShares completes the strategic acquisition of Valkyrie ETF Business, strengthening its U.S. market presence and increasing global AUM. CoinShares, a leading European investment firm specializing in digital assets, announced that it has completed the strategic acquisition of Valkyrie Funds LLC, the investment advisory business of Valkyrie Investments Inc., and sponsorship rights for the Valkyrie Bitcoin Fund, a physically backed Bitcoin. . ETF. This acquisition is a significant step forward in CoinShares’ U.S. expansion strategy, increasing its global assets under management (AUM) to approximately $7.3 billion as of March 11, 2024. The acquisition follows CoinShares granting the company an exclusive option…
Highly anticipated approval prospects Ethereum Exchange Traded Fund (ETF)) is shrinking as top market analysts and experts say the odds of approval have dropped significantly over time and have expressed doubts about its viability. Ethereum ETF approval probability falls to 35% On Monday, Bloomberg Intelligence ETF expert Eric Balchunas reported that the odds of approval for an Ethereum spot ETF have plummeted significantly over the past few months. Eric Balchunas leverages the social media platform share Cryptocurrency community updates. According to experts, we now have “only a 35% chance of success.” ETH The ETF was approved by the U.S. Securities…