Day: February 29, 2024

Grayscale CEO advocates for spot Bitcoin ETF options

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Grayscale renewed pressure on the SEC to greenlight options on spot Bitcoin ETF as the investment manager seeks new rails to onboard capital into its crypto fund. Grayscale CEO Michael Sonnenshein said approving options for spot Bitcoin (BTC) ETFs would benefit all GBTC investors and participants in other spot BTC-backed products looking to generate income and hedge financial positions. Sonnenshein previously advocated for the speedy acceptance of spot BTC ETF options as an additional tool for market regulations, as it would bring more stakeholders like broker-dealers into the fold.  Options…

Solana’s Memecoin BONK Reaches $1.6 Billion Market Cap, Witnesses Explosive 100% Price Rally

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Solana (SOL) has reached a new 22-month high, demonstrating a remarkable 28% uptrend over the past month. However, the Solana-based meme coin, Bonk Inu (BONK), has captured investors’ attention with its explosive performance last month.  Bonk Inu Outperforms PEPE According to CoinGecko data, BONK has achieved a staggering 102% price uptrend in the last 7 days and an impressive 103% increase in the past month, reaching a trading price of $0.00002510 and attaining a 3-month high.  In addition, the meme coin has experienced significant growth in market capitalization, reaching $1.6…

Bank of America (BAC), Wells Fargo (WFC) to Offer Spot Bitcoin ETFs to Clients: Bloomberg

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Shiba Inu Price Eyes $0.00002 as BONK, PEPE Lead

Shiba Inu’s price hit a 2024 peak of $0.000015 on Feb. 29, soaring 55% in the last four days as market trends suggest SHIB is still relatively undervalued.  After a tepid start to February, the mega-cap memecoin sector finally joined the crypto market rally. The likes of PEPE and BONK have raced up the top gainers charts with triple-digit gains this week. Market data analysis explores Shiba Inu’s prospects of catching up with the pack in March 2024.  After 55% gains, Shiba Inu’s price still trails PEPE and BONK The crypto…

PEPE Whale Makes Big Moves With 1.97T Deposit

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Recently, a PEPE whale made a series of moves that resulted in over $3 million in realized profits after the token’s recent price surge. The whale then took a new position and showed potential gains. Whale’s Big Moves Bring Big Money As reported by Lookonchain, a blockchain analytics platform, a whale made a big move yesterday after depositing almost 2 trillion PEPE tokens to one of the largest crypto exchanges in the world. This whale’s shopping spree started June 7, 2023, when Pepe Coin traded at $0.000001054. The address accumulated…