Day: January 11, 2024

Bitwise to donate 10% of Bitcoin ETF profits to support open-source development

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Crypto index fund manager Bitwise pledges to allocate 10% of profits from the Bitwise Bitcoin ETF to support Bitcoin open-source development. In an X thread on Jan. 11, Bitwise says it will send the proceeds of its Bitcoin spot ETF to three crypto organizations: Brink, OpenSats, and Human Rights Foundation. Bitwise says that with the donations it wants to “express gratitude to the developers, researchers, builders, educators, investors, and the whole community striving to change the world for the better through Bitcoin.” Investment firm VanEck earlier also pledged to allocate…

Blockchain Brawlers reports 309% gains as a top trending token

Ethereum ecosystem cryptocurrencies continue to lead, with Blockchain Brawlers outperforming their 12.7% increase, according to CoinGecko data. Blockchain Brawlers (BRWL), a web3 fighting game, tops the Jan. 10 trending report, exceeding its record all-time low of $0.001593 seven months earlier by 939%. The current market capitalization of BRWL stands at $21 million, securing position 1,003 on CoinGecko at the time of writing. Blockchain Brawlers price chart | Source: CoinGecko Delving further into its price performance, Blockchain Brawlers has exhibited a substantial increase of 427% over the past week. This growth…

Aave Community Votes To Integrate PayPal’s PYUSD Stablecoin

In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE’s Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve’s December decision to host PYUSD. Source

DOT Price (Polkadot) Pumps 15% As Bulls Aim For Surge To $10

Polkadot (DOT) is gaining pace above the $7.50 resistance against the US Dollar. The price is up nearly 15% and might rise further toward $10.00. DOT is showing heavy bullish signs from the $6.65 support against the US Dollar. The price is trading above the $8.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $7.80 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rally unless the bears…

Ethereum Price Rallies 5% and Outperforms Bitcoin – Is This Strong Bullish Sign?

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Ethereum price climbed higher above the $2,450 resistance. ETH outpaced Bitcoin and seems to be setting up for a larger increase toward $2,880. Ethereum is gaining pace above the $2,450 resistance level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a key rising channel with resistance near $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair is already up over 5% and might rise further above the $2,650 resistance. Ethereum Price Gains Strength Ethereum price started a…

What spot Bitcoin ETF means for XRP and other altcoins

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. NuggetRush shines in ongoing presale Bitcoin ETFs could open the floodgates for crypto investment. NuggetRush (NUGX) is a new cryptocurrency that’s gaining attention in the market. However, excitement is palpable with spot Bitcoin ETF discussions dominating headlines and investors even expecting an XRP ETF down the line. NuggetRush The ongoing NuggetRush presale has sold over 142 million NUGX each at 0.015 USDT, raising over $1.6 million. NuggetRush deploys on Ethereum. It has…

SEC Approves Bitcoin (BTC) ETFs, Broadening Access

About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to win investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Source CryptoX Portal

Bitcoin Price Stuck Below $48K Despite ETF Approval, Is This Bearish?

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Bitcoin price remained in a range above the $45,000 support. BTC failed to climb higher above the $48,000 resistance despite approval of spot ETF. Bitcoin is still struggling to clear the $47,800 and $48,000 resistance levels. The price is trading above $45,600 and the 100 hourly Simple moving average. There was a break above a major contracting triangle with resistance near $46,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if the bears continue to protect the $48,000 resistance.…