With the emergence of the Spot Bitcoin ETF, which received approval from the U.S. Securities and Exchange Commission (SEC) on Wednesday, cryptocurrency investors have quickly turned their attention to the next big thing, which could be the XRP ETF. This phenomenon is accelerating as Steve McClurg, Valkyrie’s Chief Investment Officer (CIO), speaks out on the issue. Valkyrie Exec Says XRP ETF Could Be Next In an interview with Bloomberg, McClurg expressed his expectation that altcoins will soon follow the same path with the approval of the Spot Bitcoin ETF. He explains that attention may turn to Ethereum, which is currently…
Author: Crypto Flexs
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DOGE has a bearish bias despite a 16% rally a few days ago. The mood in the futures market was bearish after the last 10 days of losses. Dogecoin (DOGE) showed strong signs of a bearish trend reversal. Market structure and momentum have been weak, with losses of 12% to 22% expected based on price movements over the past 10 days. Unsubstantiated claims that Dogecoin mascot Kabuso passed away on January 10th caused the price to rise to $0.083. AMBCrypto confirmed that this was not the case and highlighted memecoin’s social metrics. The volatility was not entirely unexpected. Source: DOGE/USDT…
Traders are taking positions as if a bull market is just around the corner. Instead of fun or meme tokens, traders are trading Celestia (TIA), Arbitrum (ARB) and QUBE Among favorites. In this post, we look at why these three cryptocurrencies are among the best cryptocurrencies you can buy right now. Let’s begin. InQubeta (QUBE): Potential 4,500% Rally After Launch QUBEis one of the most robust utility-supported projects, along with Celestia and Arbitrum. Standing at the intersection of AI and blockchain, the QUBE token will play an important role within the ecosystem. Regarding its unique services, InQubeta aims to be…
IBM and SAP, two leaders in this field technology and Enterprise Solutions announce groundbreaking partnership to revolutionize the consumer packaged goods and retail industries. The collaboration focuses on leveraging generative AI to improve various aspects of business, including supply chain, financial operations, sales, and service. The goal of this initiative is to improve overall business results by increasing efficiency, reducing waste, and promoting greener final delivery. Key developments and goals enforce supply chain and Operations: IBM’s WatsonX AI, an enterprise AI and data platform, is integrated into SAP solutions. The combination aims to address the complexities of direct store delivery…
join us telegram A channel to stay up to date on breaking news coverage The recent approval of the first Bitcoin exchange-traded fund (ETF) in the U.S. has renewed investor enthusiasm, and we are likely to see a surge in altcoins, including meme coins. Due to Bitcoin’s influence, meme coins have experienced significant price gains in recent days, outpacing the gains of more widely known altcoins. For investors looking to capitalize on this excitement, here are four of the best meme coins to consider buying now while you’re feeling positive. 4 Best Meme Coins to Buy Now As rumors of…
Two days after approval, spot Bitcoin exchange-traded funds (ETFs) are receiving significant inflows, according to data from BitMEX Research. The analytics firm reported net inflows totaling $532 million for spot Bitcoin ETFs, with BlackRock IBIT leading the way with $498 million. Fidelity’s FBTC followed with $422 million, while 21 Shares’ ARKB recorded net inflows of $105 million. However, not all funds benefited. As Bloomberg analyst James Seyffart reported in Bitwise posted impressive second day performance. Interestingly, despite GBTC leading in terms of assets, Bitwise stood out as the winner on day one. Nonetheless, BitMEX Research suggests that GBTC could face…
Okay, the Bitcoin spot ETF is here. Now what?As my colleague RT Watson noted, the launch of the new fund was met with much fanfare and liquidity, with volume reaching $3.1 billion on its second day of trading. Among new spot Bitcoin fund issuers, BlackRock leads the way with $564 million in volume on Friday, followed by Fidelity with $431 million. This is according to data from Yahoo Finance compiled by The Block.This initial liquidity is likely to be welcomed by issuers and market participants, further spurring the important milestone of the asset class maturing and gaining acceptance among Wall…
.Swoosh, the blockchain and digital wearables division of sportswear giant Nike, said Friday that it will move further into the video gaming space next year. However, it is unclear whether future game activations will necessarily include NFTs.“The value of a virtual product should be based on the enjoyment you get from using it to express yourself or providing access to a physical product. It’s about the following pleasure It’s not just a transaction, it’s about being a true fan.” Nike’s .Swoosh wrote: blog post. “Next year we will see this come to fruition,” the post continued. “We’re going deeper into…
Securities and Exchange Commission Chairman Gary Gensler this week cast the deciding vote to approve several spot Bitcoin exchange-traded funds (ETFs). The move gives the top cryptocurrency a level of Wall Street legitimacy that Gensler has long opposed. So why the sudden change of heart? key point Trading volume for the newly approved spot Bitcoin ETF surged past $5 billion in the first two days after launch. SEC Chairman Gary Gensler remains highly skeptical of cryptocurrencies, warning that Bitcoin is a “highly speculative and volatile asset” primarily used for “illicit activities.” Grayscale court ruling, August 2023 It was a key…
In a recent interview, BlackRock CEO Larry Fink discussed the future of cryptocurrencies, specifically Bitcoin and Ethereum, and their role in the financial system. His insights provide a clear perspective on the future of digital currencies and tokenization. BlackRock CEO Larry Fink Talks Cryptocurrency Larry Fink, who previously expressed skepticism about Bitcoin, admits his views have changed significantly. About two years ago, he became a firm believer in Bitcoin as an alternative source for holding wealth. Nonetheless, he does not view Bitcoin or other cryptocurrencies as currencies themselves, but rather as an asset class. Fink emphasized Bitcoin’s finite nature and…