After leading for several days in a row, the BlackRock and Fidelity Spot Bitcoin ETF is on track to outperform Grayscale’s fund in terms of daily trading volume for the first time since the product began trading more than two weeks ago.Grayscale’s fund, which is a convertible rather than a new product, started out with more than $25 billion in assets under management and has shed billions more. In terms of total trading volume (buying and selling), BlackRock and Fidelity’s new spot Bitcoin ETFs are in second and third place, behind Grayscale.As of 1:15 PM ET on Tuesday, BlackRock and…
Author: Crypto Flexs
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Standard Chartered Bank expects the U.S. Securities and Exchange Commission (SEC) to approve ethereum exchange-traded funds (ETFs) by May 23, The Block reported on January 30. It was reported citing a Japanese research report.These expectations reflect the timeline and approach previously seen in the SEC’s approval process for spot Bitcoin ETFs.Ethereum classificationApproval of an Ethereum ETF appears likely given the SEC’s previous stance on ETH, according to Geoffrey Kendrick, head of foreign exchange and digital assets research at Standard Chartered.Unlike certain cryptocurrencies that have been classified as securities in legal cases against cryptocurrency companies, Ethereum has avoided this classification. Additionally,…
GRAND CAYMAN, Cayman Islands, January 30, 2024, Chainwire Over the past four months, Sui TVL has jumped more than 1000%, outperforming networks and beating Base, Cardano, and Bitcoin on the DeFi rise. Sui, a leading layer 1 blockchain created by the team behind Meta’s Diem crypto project, continues its explosive growth in DeFi, surpassing $430 million in total value locked (TVL) and entering the top 10 blockchains by that metric. I did. Along with the rapid rise in TVL, on-chain activity has also exploded. Weekly DeFi volume has increased by over 1200% since October, demonstrating growing demand that will drive…
Cardano has an optimistic market structure. It has moved within its previous range and is expected to rise further. Cardano (ADA) fell below its six-week range on January 18th. It retested the $0.453 support level and bounced back energetically. The low of the $0.51 range has once again flipped for support, while liquidity around $0.6 will likely pull the price forward. A recent AMBCrypto report highlighted the high probability of ADA recovery. This view was borne out by the collapse of the optimistic market structure. Another resistance/support reversal encourages buyers. A move above $0.52 triggered a bullish reversal in the…
The following is an excerpt from the latest edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. Subscribe now to be the first to get these insights and other on-chain Bitcoin market analysis delivered to your inbox. Last week I put into context the massive buying pressure coming to Bitcoin. But another (perhaps the biggest) source of potential demand is entering the field. We already know that Bitcoin ETFs, MicroStrategy issuing more shares to buy more Bitcoin, and Tether’s continued purchases and halvings will be the main sources of demand this cycle. For example, in the first two weeks…
If you’re familiar with the world of cryptocurrency, you’ve probably heard of Bitcoin, Ethereum, and other well-known digital currencies. However, a new player has emerged that is generating a lot of buzz: SoleCoin. This innovative cryptocurrency is poised to revolutionize the way we think about digital assets and is already making waves in the industry. In this article, we will find out what SoleCoin is, why it is gaining attention, and why you should not miss the opportunity to participate. What is SoleCoin? SoleCoin is a cutting-edge cryptocurrency created to address some of the major limitations of existing digital currencies.…
Policy • January 30, 2024 1:55 PM EST Posted 1 minute ago In ~ According to documents submitted to an exchange, GlobalX’s application for a spot Bitcoin exchange-traded fund was withdrawn. Cboe BZX Exchange filed a notice of withdrawal on Jan. 26, according to a notice filed with the Securities and Exchange Commission on Tuesday. The SEC approved 11 spot Bitcoin ETFs on Jan. 10 after years of opposition over fraud and manipulation concerns. That changed after a D.C. court ruled over the summer that the agency must reexamine Grayscale Investments’ bid for a spot Bitcoin ETF. amazing movesBloomberg Intelligence…
Today we (the Devcon organizing team) are excited to unveil new ways to participate in next year’s event and to make Devcon an experience that is more representative of Ethereum as a whole. Devcon Improvement Proposal (DIP) A new tool that includes collaborative community input from across the ecosystem. This aims to improve the Devcon experience by formalizing a process for your ideas to be heard and incorporated into the event. Why now? In a previous post, we covered how we can do more to represent the entire Ethereum ecosystem at Devcon. However, doing so in certain events has become…
Shiba Inu (SHIB) price fell after rejection of a long-term pattern on December 17, 2023. SHIB is trading within a short-term correction pattern, falling below the horizontal support area. SHIB attempts to withdraw support Technical analysis on daily time frames shows that SHIB price has been trading within an ascending parallel channel since June 2023. This upward movement led to a high of $0.0000120 on December 17th. Afterwards, SHIB price was rejected (red icon), creating a resistance trendline for the channel. SHIB has since fallen and is trading below the channel midline. It has also fallen below an important horizontal…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. X Mining, a Bitcoin mining infrastructure designed to democratize the Bitcoin mining process, is launching early access to Bitcoin mining profits. X Mining Stake vs Mine The Bitcoin mining space is filled with expensive mining equipment and a lot of technical knowledge that is expensive, complex, and energy-intensive. The X Mining project is a problem it was designed to solve using a “stake-to-mine” model that would make Bitcoin mining accessible and potentially profitable to everyone. The vision behind the…