Blockchain data shows the earliest GROK token was issued early Saturday on Ethereum and reached a market capitalization of $10 million as of Monday morning. It has 4,600 holders, and $10 million worth of the tokens were traded for ether (ETH) in the past 24 hours, data shows. Source
Supporting the case for continued upside in bitcoin is the dwindling volatility in the U.S. stock and bond markets. The S&P 500 VIX indicator has tanked from 21.13 to 14.19 in the past five trading days, while the MOVE index, an options-based measure of volatility in the Treasury bond market, has dropped from 132 to 118, according to charting platform TradingView. Perhaps tensions in the Middle East are no longer the focal point for the market. Original
The “trust assets” are held in five Grayscale Trusts, totaling an estimated $691 million, and one trust managed by Bitwise, amounting to $53 million, based on the market value as of October 25, 2023. The trusts allow investors to gain exposure to digital assets without owning the digital assets. Source
Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it’s also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu. Speaking to Cointelegraph at Hong Kong Fintech Week, Siu said the price increases of many cryptocurrencies reignited investor confidence in the Web3 gaming market as well as sparking a fresh wave of related on-chain activity. “Token values are a way of confidence building in terms of users and utility. It’s not for the purpose…
In the episode, Marge battles through the blockchain to rescue Bart, now a living NFT, while the city’s mayor declares that Springfield’s art gallery will be digitized. There are also plenty of appearances by blue chip NFTs, like the Beeple, the Bored Ape Yacht Club, and second-tier PFPs being shown as nearly worthless. Source
BNB price avoided a major decline below $200 and recovered against the US Dollar. It climbed above $235 and now faces many hurdles near $245 and $250. BNB price is slowly moving higher toward the $250 resistance. The price is now trading above $235 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $241.5 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum if there is a clear move above $250.…
Ethereum price is moving higher above $1,850 against the US dollar. ETH is outperforming Bitcoin and might climb further higher toward the $2,000 resistance. Ethereum is gaining pace for a move toward the $2,000 level. The price is trading above $1,850 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,870 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move higher above the $1,920 and $1,950 levels. Ethereum Price Outperforms Bitcoin Ethereum remained in a…
In January, the SFC tightened regulations by restricting retail investors from accessing crypto spot ETFs, limiting them to professional investors with portfolios of at least 8 million HKD ($1 Million). Then, in October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto and ETF investing, stipulating that they pass a knowledge test and meet net worth – though less than the professional investor threshold – requirements. Source
Bitcoin price is facing a major hurdle near $35,250. BTC could rally toward $37,000 once it clears the $35,250 and $35,500 resistance levels. Bitcoin is aiming for a fresh move above the $36,000 resistance zone. The price is trading near $34,850 and the 100 hourly Simple moving average. There is a key contracting triangle forming with support near $34,320 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $34,150 support to start a fresh increase in the near term. Bitcoin Price…
An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology. The legitimacy of Luxor’s hashrate-backed product was highlighted in an Oct. 17 What Bitcoin Did podcast. Host Peter McCormack expressed concern at Luxor’s upcoming offering and discussed what a worst-case-scenario for Luxor’s product would look like. Luxor’s Head of Derivatives Matt Williams told Cointelegraph that its hashrate-backed product isn’t…