The launch of spot Ethereum ETFs was a big deal in the crypto world, but the initial hype hasn’t translated into consistent success. Outflows Dominate the First Week The first week of trading saw a net outflow of $341 million from the new Ethereum ETFs. While the first day saw a solid inflow of $106.8…
The crypto market is on the rise, and analysts are looking for the best bets. Santiment, a crypto analytics firm, has identified some potentially bullish altcoins based on their market value-to-realized-value (MVRV) Z-score. What is MVRV Z-score? This metric helps determine if an asset is undervalued or overvalued. A low score suggests an asset is…
Former President Donald Trump has unveiled a bold plan to make America the “crypto capital of the planet” if he’s re-elected. He’s promising a complete overhaul of US Bitcoin and crypto policy, with a focus on promoting the industry and protecting its interests. Bitcoin Stockpile and Gensler’s Fate Trump says he’ll fire Securities and Exchange…
A recent survey by CoinGecko, a popular crypto data platform, shows that a lot of people in the crypto world are betting big on Bitcoin. Bitcoin Bullish Over 40% of the 2,500+ people surveyed think Bitcoin will reach a whopping $100,000 in this current market cycle. That’s a big jump from its current price of…
Singapore’s government has released a report on terrorism financing, and they say that while cash is still the main way terrorist groups get money, cryptocurrencies are becoming more popular. ISIS Still a Major Threat The report focuses on the threat posed by ISIS, saying they are still a major player in the global terrorism landscape….
Solana became a hotbed for meme coins in June, with tons of new tokens popping up, many tied to celebrities. It was a wild ride, but the excitement quickly fizzled out. The Great Meme Coin Crash Most of these celebrity-backed meme coins took a nosedive shortly after launch. About 94% of them lost value in…
Robert F. Kennedy Jr., a Republican presidential candidate, is making waves in the crypto world with his bold plan to make Bitcoin a strategic reserve asset for the United States. He believes that this move could strengthen the US dollar and make America a leader in cyberspace. Bitcoin as a Strategic Reserve At the Bitcoin…
BlackRock’s Focus on Bitcoin and Ethereum BlackRock, the world’s largest asset manager, isn’t likely to be filing for spot ETFs for altcoins like Solana and XRP anytime soon. Their digital assets head, Robert Mitchnick, has stated that they see “very little interest” in crypto beyond Bitcoin and Ethereum. So, it looks like they’ll stick to…
Crypto Gets a Boost from a Powerful Politician Senator Tim Scott, a Republican from South Carolina, made a big splash at the Bitcoin 2024 conference. He’s a powerful figure in the Senate, and he’s pushing hard for the government to support the crypto industry. He even called out the SEC Chair, Gary Gensler, saying he’s…
Big banks are preparing for a potential wave of customer defaults as economic uncertainty grows. JPMorgan Chase, Bank of America, and Wells Fargo are all increasing their financial reserves to cover potential losses from credit card and loan defaults. JPMorgan Chase is leading the charge, increasing its reserves by a whopping $1.17 billion. The bank…
