Month: January 2024

Trillion-Dollar Franklin Templeton Shares High Praise For Solana, Is A SOL ETF Coming?

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American multinational asset management company Franklin Templeton has showered high praises on Solana, triggering widespread speculation about the potential of a Solana ETF in the future.  Franklin Templeton’s Approval Of Solana Sparks ETF Talks On Wednesday, January 17, Franklin Templeton’s official X account expressed their admiration for the Solana, commending the blockchain network’s progress and continuous developments within its ecosystem.  The asset management company highlighted Solana’s notable accomplishments during the fourth quarter of 2023. Specific mentions were made regarding Solana’s innovative NFT projects over the past months, its impactful presence…

Spot Bitcoin ETFs net inflow approaches $3b

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Net inflows into spot Bitcoin (BTC) ETFs on the fourth day after launch approached $3 billion. According to BitMEX Research data released on Jan. 18, 4-day net inflows into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, BlackRock, Fidelity, and Bitwise eclipsed the list of inflows, ranking among the top three ETF service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively. Cointucky Derby – Day 4 Flow – CHART After 4 days of spot Bitcoin ETFs. There is over…

dYdX Beats Uniswap, Bitcoin Outlook Dour

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Decentralized exchange dYdX, which recently migrated from Ethereum to Cosmos, has replaced one of Uniswap’s markets as the largest DEX by daily trading volume, according to data from CoinMarketCap. The Cosmos-based v4 version of dYdX just saw $757 million of volume over a 24-hour period, topping Uniswap v3, which had $608 million, the data shows. dYdX’s v3 market, which still operates, had $567 million, enough for third place. According to dYdX, the total trade volume so far for its v4 market since launch is $17.8 billion. In 2023, dYdX’s v3…

Solana likely to rally; GFOX presale targeting $5m

The Ethereum (ETH) rally has dominated markets, following Bitcoin’s (BTC) sustained rally since June last year. Typically, liquidity flows to BTC, then ETH, and, lastly, altcoins, washing down from majors to small caps. If the second liquidity flow has started, it is only a matter of time until other top 10 crypto coins start their respective rallies.  Investors should target the strongest major and a strong front-runner in the micro caps, ideally a presale.  Meanwhile, Solana (SOL) could see another rally based on ecosystem growth, and the Galaxy Fox (GFOX) presale…

Why Is Bitcoin Price Trading Sideways? 3 Key Factors

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The Bitcoin price has been experiencing a phase of stagnation over the past days, leaving investors and analysts searching for the underlying causes. Three key factors can be seen as central to explaining Bitcoin’s current sideways trading trend: #1 ETF Inflows Are Offset By GBTC Selling, But For How Much Longer? The spot Bitcoin ETFs continue to be the dominant theme on the market, and Grayscale in particular, with its GBTC, remains the focus of analysts. While the ETF inflows continue to be record-breaking, the Bitcoin price remains flat. One…

Bitcoin Sees Massive Sell-Off From Miners, As Price Holds Steady

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Amid the excitement encompassing the approval of Bitcoin Spot Exchange-Traded Funds (ETFs), BTC miners have been spotted carrying out an aggressive selling spree leaving the community to ponder on the impact of the sell-off. Bitcoin Miners Engage In Selling Spree Well-known cryptocurrency analyst Ali Martinez shared this information with the community on the social media network X (formerly Twitter), noting a “substantial increase in selling activity” from Bitcoin miners lately. According to data shared by Ali, miners have sold about 10,600 Bitcoin in less than 24 hours. This was valued…

Can Ethereum (ETH) Price Reach $2,700 as a $1B Trading Strategy Unfolds

ETH price has outperformed BTC since the Spot ETF approval on Jan. 11, but on-chain data suggest the gap could further widen in the days ahead. Ethereum price continues to consolidate its lead over Bitcoin this week closing above the $2,500 mark in each of the last 4 trading days from Jan. 15.  2 vital trading indicators highlight how the ETH bulls could further assert dominance in the days ahead.  Investors have shifted ETH Worth $1 billion from exchange-hosted wallets into long-term storage As Ethereum price raced up the charts…