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In the evening hours yesterday, Bitcoin had a steep decline with its price sliding to roughly $68,000. Investors were concerned because everything looked good but then this sudden decline happened. Therefore what caused it? Why is Bitcoin Falling? The reason Bitcoin’s price dropped recently was because of better-than-expected non-farm payroll data print in the USA….
Following the SEC’s endorsement of the 19b-4 forms, the gradual progression toward listing funds on exchanges has begun. One of the major steps is to have listings at Depository Trust and Clearing Corporation (DTCC) such as Fidelity’s Ether spot ETF alongside BlackRock, VanEck, and Franklin Templeton products. Fidelity’s Significant Listing Fidelity which is one of…
The evening in the cryptocurrency market was full of events. However, the latest update in Bloomberg raises hope that Ethereum ETF applications could now be approved with a probability of 75% while the price surges are very much evident on the market. People anticipated that the US Securities and Exchange Commission (SEC) would deny the…
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), reiterated his stance on cryptocurrencies during a recent television appearance. When asked about Ether ETFs, he stated, “These requests are currently under consideration… A 5-member commission will make a decision,” yet he refrained from disclosing further details. Similar Remarks on Cryptocurrencies In light…
Tether Treasury’s Latest Move According to the Whale Alert data, Tether Treasury put 1 billion USDT into the Ethereum blockchain on (date). This significant transaction occurred at 17:43:59 Beijing local time on the 19th of April. Tether’s CEO Paolo Ardoino confirmed that the massive addition was rather a provisioning to their Ether holdings. This mechanism…
Bored Ape Yacht Club #9258, previously under the ownership of renowned American comedian Kevin Hart, has recently changed hands for approximately 13.26 ether ($46,200). This transaction unfolded today on Blur, a non-fungible token exchange platform, following several exchanges over the weekend. The sale, notably, reflects a substantial decrease in value compared to Hart’s initial investment…
Elon Musk, known for his keen interest in technological advancements, recently directed an inquiry towards Vitalik Buterin, the co-founder of Ethereum, regarding his transition from Twitter to the Web3 social media platform, Farcaster. This inquiry surfaced following a tweet from Autism Capital, expressing the sentiment that Buterin ought to reconsider his absence from Twitter. Buterin’s…
Since embracing the Proof of Stake (PoS) system 1.5 years ago, the Ethereum network has achieved a noteworthy milestone with over 25% of the total supply of Ether now engaged in Ethereum staking. Following the Shapella upgrade, stake rewards experienced a surge to 8.6%, subsequently settling at 4% during this timeframe. Transition and Impact of…
Insights from Renowned Analyst James Seyffart Unfold New Developments Cryptocurrency enthusiasts eager for the approval of Bitcoin spot ETFs may face disappointment, according to the latest information shared by renowned ETF analyst James Seyffart in a recent tweet. Seyffart suggests that the U.S. Securities and Exchange Commission (SEC) is poised to make decisions on three…
Bitcoin has again surged, surpassing $37,000 today, marking a level not seen since May 2022. This upward momentum extends to altcoins, with Ether climbing nearly 6% to $2040 in the last 24 hours. XRP saw a 3.22% increase, accompanied by parallel gains in Solana and Cardano. The ETF Anticipation The driving force behind Bitcoin’s price…
DZ Bank, Germany’s third-largest bank in terms of assets under management, has made a significant announcement by officially introducing its very own crypto asset storage platform. In addition to catering to corporate clients initially, the bank also has plans to offer digital securities-style products. DZ Bank unveiled its blockchain-based digital asset storage platform. Holger Meffert,…
Grayscale Investments is a prominent player in cryptocurrency investment. They are making significant strides toward launching a novel ETF. This ETF will track ether futures, reflecting intensified competition among financial firms. They all seek to establish themselves as pioneers in the rapidly evolving realm of cryptocurrency ETFs. An ETF with a Unique Filing On September…