Crypto

The largest spot Bitcoin ETFs in the US have been experiencing positive inflows, but the price of Bitcoin itself has faced significant retracements recently. Despite reaching close to $67,000, the cryptocurrency has been on a rollercoaster ride in the past few days. A volatile end to the previous business week saw Bitcoin drop from $65,000

In recent developments, Hong Kong is set to launch Asia’s very first Bitcoin futures inverse product on July 23. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, created by China Southern Asset Management Co., Ltd (CSOP), aims to provide investors with an opportunity to profit from declines in Bitcoin’s price. This exchange-traded fund (ETF) will

The latest data on digital asset investments reveals a significant upward trend, with inflows reaching an impressive $1.35 billion last week alone. This marks a substantial increase from the previous weeks, bringing the total inflows over the past three weeks to a staggering $3.2 billion. These figures indicate a growing interest in digital asset products

Ripple’s XRP has recently experienced a significant surge in its price, climbing by 40% in just two weeks. Despite a brief dip below $0.55, the token is currently trading above $0.60, leading many analysts to predict even further gains in the near future. Some industry insiders have even suggested that XRP could reach as high

Ethereum, a significant player in the cryptocurrency market, began its journey with an initial coin offering (ICO) on July 22, 2014. The ICO was conducted in a permissionless environment, free from venture capital influence or vesting periods. Initially priced at 2,000 ETH per sale unit per BTC, the rate gradually decreased over the course of

The recent announcement of Joe Biden withdrawing from the 2024 presidential race caused significant market volatility among presidential meme coins. This abrupt decision led to a sharp decline in the value of tokens associated with Biden and his family members, while boosting tokens linked to potential Democratic replacements. One of the most notable effects of

Bitcoin’s price showed a positive reaction following President Joe Biden’s announcement of quitting the 2024 presidential race, surging to a multi-week high of over $68,000. This sudden spike in price demonstrates the volatile nature of cryptocurrencies in response to political events. The market witnessed significant fluctuations in the past few weeks, with Bitcoin experiencing both

Kraken, a leading cryptocurrency exchange, has recently announced a partnership with Tottenham Hotspur, one of England’s most iconic football clubs. This alliance marks a significant move in Kraken’s global marketing strategy to reach a wider audience through enhanced web3 integrations. By joining forces with a renowned football club like Tottenham Hotspur, Kraken aims to leverage

In a recent analysis by crypto investment firm Mechanism Capital, Bitcoin is projected to reach a price level above $1 million in the mid-term. One of the key factors contributing to this bullish prediction is the potential adoption of Bitcoin as a national treasury reserve asset. Despite recent market structure challenges, Mechanism Capital’s co-founder, Andrew

The past week has been particularly lucrative for the cryptocurrency market, with the total capitalization soaring to $2.55 trillion, marking an increase of over $150 billion. While Bitcoin may not have been the top performer, it certainly made waves by surging 11% in just seven days. The price of Bitcoin experienced a significant uptrend starting

Three individuals were recently apprehended by the Hong Kong police on suspicion of defrauding a businessman of HK$3.11 million in crypto assets. The trio offered the victim three bundles of counterfeit HK$1,000 banknotes during a fraudulent transaction at a Mong Kok office. Authorities seized a total of 10,978 fake banknotes during a raid at the

State Street Corp., a prominent financial institution based in Boston, is delving into the world of cryptocurrency by considering the launch of its own stablecoin and tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. The company has been actively involved in efforts to immerse itself in

Kraken Institutional, a division catering to institutional investors of the US-based crypto exchange Kraken, has recently announced the expansion of its custody services into the UK and Australia. This strategic move marks the first venture of Kraken Institutional following its initial launch earlier this year. The decision to expand Kraken Custody services into the UK

Over the past weekend, Bitcoin experienced a significant rally in price, indicating a potential bottoming out of the crypto asset. The price of Bitcoin surged to $67,000, although it was currently at $64,000. This recovery comes after holders faced substantial losses in 2024, with on-chain metrics showing positive momentum in the short term. CryptoQuant analysts

Recent data shows a significant decline in trading volume on centralized exchanges, specifically in the derivatives market. In June, the combined spot and derivatives trading volume dropped by 21.8%, continuing a trend of diminishing activity since March. One major contributing factor to this decline was the notable decrease in open interest on derivatives exchanges, which

The year 2024 has witnessed a significant surge in the popularity of dog-themed meme coins in the cryptocurrency market. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced substantial growth, attracting a large number of investors and traders. These meme coins have captured the attention of the crypto community with their unique branding and

Ethereum made a significant move this week, closing with a 12% price increase. This recovery came after a strong market rally that allowed ETH to establish $3,300 as a key support level. Now, with a new base in place, buyers are eyeing the $4,000 mark as their next target. However, it is important to note

Shiba Inu, a popular meme coin, recently experienced a significant 450% increase in its burn rate. This surge led to the destruction of almost 50 million tokens, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn may seem insignificant at first glance, continuous efforts in this area could potentially have

In recent years, there has been a growing trend of supporting political candidates based solely on their pro-crypto views. However, Ethereum co-founder Vitalik Buterin warns against this narrow focus, urging individuals to consider broader values such as individual freedoms and technological advancement. While cryptocurrency is indeed a significant aspect of the industry, Buterin emphasizes the

BlockFi, a crypto lender that recently emerged from bankruptcy, has announced a significant step towards repaying its clients. The firm declared that the first interim distribution of funds to clients will be facilitated through Coinbase starting this month. The distribution will be carried out in batches over the next few months, beginning in July. Eligible

DeFi Technologies, a well-known Canadian fintech company, has recently made significant moves in the cryptocurrency market by acquiring a substantial amount of Bitcoin (BTC) and other altcoins. The company announced that it had purchased an additional 94.34 BTC, adding to the 110 BTC it acquired in June. In addition to Bitcoin, DeFi Technologies expanded its

Bitcoin’s price has managed to bounce back from a period of bearish price action, signaling a potential for a new all-time high in the near future. The daily chart shows that the price has found support at the $56K level and has reclaimed the 200-day moving average around $60K. However, breaking above the $65K resistance

Recently, Shiba Inu (SHIB) experienced a significant surge in price, with a nearly 20% jump in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, now sitting at around $0.00001868 according to CoinGecko’s data. The decline in SHIB’s price was accompanied by a plunge in

Recently, leading crypto exchange OKX made the difficult decision to discontinue its services in Nigeria. This move came as a direct result of the regulatory changes imposed by the Nigerian government. OKX sent out emails to its Nigerian users, informing them that they had until August 30 to withdraw their assets from the exchange. After

As the cryptocurrency market continues to evolve, Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the future of Ethereum. According to the CIO, the introduction of Ethereum Exchange-Traded Products (ETPs) could drive the price of ether (ETH) to new all-time highs above $5,000 by the end of the year. This forecast

In the midst of the market recovery this week, XRP has emerged as one of the best-performing crypto assets, briefly hitting $0.62 – a level not seen since March. With over 40% gains in the past week, XRP’s resurgence has been driven by a broader market surge, signaling strong investor confidence and heightened trading activity.

In a surprising turn of events, Bitcoin has managed to bounce back from its three-month low of under $54,000 to tap $66,000 for the first time in roughly a month. The journey to this milestone was not without turbulence, as the leading cryptocurrency went through extreme price fluctuations at the start of the month. However,