Why ETFs Are Soaring ETFs (exchange-traded funds) are becoming increasingly popular because they offer: Low costs: Unlike actively managed funds, ETFs have low fees, making them more affordable for investors. High liquidity: ETFs can be bought and sold throughout the trading day, unlike mutual funds. Tax efficiency: ETFs can be tax-advantaged, which can save investors…
Launch Date Bloomberg analysts Eric Balchunas and James Seyffart predict that Spot Ethereum ETFs will begin trading on July 2nd. The Securities and Exchange Commission (SEC) has reportedly sent fund issuers comments on their S-1 filings, which are said to be minor. Fund issuers are expected to file amended registrations within a week. Impact on…
Sophisticated Scheme The U.S. government has seized $5.25 million from six JPMorgan Chase bank accounts, alleging that the funds were stolen in a sophisticated fraud scheme. Union Targeted According to the Justice Department, the funds were stolen from a Massachusetts workers union that was tricked into wiring millions of dollars to scammers. The union received…
Coinbase, the leading US crypto exchange, has added support for the new token of Pirate Nation, a pirate-themed role-playing game built on the Ethereum blockchain. Trading PIRATE Token Customers can now trade PIRATE, a utility and staking token used within the game. The token debuted on Wednesday and has surged nearly 90% in its first…
Turkey, the eighth-largest economy in Europe, is reportedly planning a new tax on cryptocurrency transactions. Tax Proposal According to Bloomberg, the proposed tax aims to raise $7 billion for the Turkish government. The bill includes: A 15% tax on multinational corporations earning revenue in Turkey A minimum corporate tax on profits from real estate sales…
After a recent market crash, Shiba Inu (SHIB) is showing signs of recovery. Investors are optimistic, and a machine learning algorithm predicts further price gains next week. Machine Learning Algorithm Forecasts 30% Price Increase Despite bearish market sentiment, CoinCodex’s machine learning algorithm predicts a significant price increase for SHIB. It suggests a 30.25% jump to…
Development Activity Surge Flow, a proof-of-stake blockchain, has overtaken Decentraland, an Ethereum-based virtual reality platform, as the top crypto project for non-fungible token (NFT) development, according to analytics firm Santiment. Flow recorded 190.77 significant GitHub events in the past 30 days, compared to Decentraland’s 144.9. Metaplex, a decentralized NFT platform on Solana, ranked third with…
As the US elections approach, crypto billionaires have gathered a massive $160 million to support candidates who back favorable digital asset regulations. Crypto Giants Push for Regulatory Reform The industry’s political action committee (PAC), Fairshake, has received significant funding from companies like Ripple Labs, Andreessen Horowitz, and Coinbase Global. Crypto giants aim to reduce oversight…
Mega Whales Pull Out Data shows that the largest investors in Shiba Inu (SHIB) and Ethereum (ETH) have been withdrawing their coins from exchanges. This could be a bullish sign for the prices of both cryptocurrencies. Exchange Outflows According to Santiment, the top 10 exchange wallets for SHIB, ETH, and Chainlink (LINK) have recently seen…
Surge in Demand from Permanent Holders Despite Ethereum’s recent dip, on-chain data shows a bullish picture. Permanent holders, likely institutions, have been buying heavily. On June 12, they purchased 298,000 ETH, the second-highest daily purchase on record. Institutional Positioning This surge in demand suggests that institutions may be positioning themselves in the market. They are…
