Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders. Source
Ether ETFs Unlikely to Cause a 'Bubble,' Traders Say
Day: February 23, 2024
Injective Introduces 'ERC-404' Port to Capitalize on the Hype Around the Experimental Token Standard
Injective has partenred with DEX DojoSwap to introduce the CW-404 standard. Source
Kelexo presale rising, Litecoin and Chainlink facing headwinds
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The most profitable form of investing in crypto markets is usually the short investment format, where the investments are made and withdrawn over short periods. This method works best during bullish methods or when the investor has bullish sentiments due to whale action on the blockchain. However, the short-term only sometimes works out, especially when the market succumbs to bearish pressure, and conditions shift, like in Chainlink (LINK) and…
730K Investors Exit Despite Record $7B Inflows
The long-awaited arrival of spot Bitcoin ETFs has ignited a gold rush in the crypto world, attracting both newcomers and seasoned investors. While these new investment vehicles offer a convenient and accessible way to gain exposure to Bitcoin, their impact on the cryptocurrency’s core principles and long-term stability remains a complex question. Bitcoin ETF: Initial Surge, But Ownership Shift A Concern The data paints a fascinating picture. Following the SEC’s approval of 11 ETFs, the number of non-zero Bitcoin wallets initially soared, reaching a peak of nearly 53 million in…
FTX Estate Can Sell Near $1B Stake in AI StartUp Anthropic, Court Rules
In January 2024, the FTX estate said it expects to fully repay its customers. Sam Bankman-Fried, the former FTX boss, is due to be sentenced next month after being found guilty of fraud last year, with his prison duration expected to be hotly contested. Source
Bitcoin Bets Yield $207M in Gains For Jack Dorsey’s Block
Shares of Block (NASDAQ: SQ) are up 13% in after-hours trading to $76, data shows. Overall, Block reported its gross profit grew 22% yearly to $2.03 billion. Square generated a gross profit of $828 million, up 18% year over year, and Cash App generated a gross profit of $1.18 billion, up 25% year over year. Source
Reddit Embraces Crypto: IPO Filing Reveals Bitcoin, Ether Investments
Reddit Inc. has disclosed cryptocurrency investments in its initial public offering (IPO) filing with the U.S. Securities and Exchange Commission (SEC). The social media giant noted that as of the end of December last year, “we did not hold digital assets other than bitcoin and ether for treasury purposes, and our investment policy requires approval […] Original
ADA Price Reaches Key Juncture – Can Cardano Start A Fresh Surge?
Cardano (ADA) is correcting gains from the $0.642 resistance zone. ADA could start a fresh rally if it stays above the $0.5550 support zone. ADA price is showing a few bearish signs below the $0.600 level. The price is trading above $0.5550 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the…
Saylor stresses $1m Bitcoin potential, points to current price
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After Bitcoin’s (BTC) price recently shot up to $50,000, there was a flurry of speculations about its prospects. One of the most cogent arguments was made by MicroStrategy CEO Michael Saylor, who has suggested that the cryptocurrency has the potential to reach $ 1 million over time. He cited the 330% surge in Bitcoin price since 2020 to support his case. Saylor also highlighted the record investor inflows that…
Ethereum Price At Make-or-Break Levels, Can ETH Surge To $3,200?
Ethereum price is struggling below the $3,030 resistance. ETH is consolidating and might start a downside correction below the $2,930 support. Ethereum struggled to stay above the $3,000 level and corrected lower. The price is trading above $2,930 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a clear move below $2,930. Ethereum Price Hits Support Ethereum price made another attempt…