Day: July 23, 2024

Ethereum ETFs Witness Stellar Start As Trading Soars; Analyst Sees ETH’s Price Reaching $8,000 In Q4

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Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume.  Related Reading Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about…

Crypto-Friendly Bank Revolut Plans to Sell $500M of Employee Shares at $45B Valuation Before Possible IPO: WSJ

Early employees of startups are often given shares as part of their compensation, which they can cash in when the company goes public. However, higher interest rates in recent years have made for an uncertain environment for IPOs. Revolut may be aiming to allow employees to raise some cash while giving the firm’s valuation an added boost ahead of an IPO. Source

ETH ETFs: What We’re Watching For

ETH ETFs finally make their debut in the U.S. this week. How will the market react and will Ethereum as a development ecosystem benefit? George Kaloudis raises the questions we’re looking forward to answering. Source

Helium (HNT) Rockets In Value With 41% Rally

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Some altcoins today are seeing a strong and consistent bullish attitude with their traders, and Helium is one of those. The latest market data shows that the token is up nearly 41% since last week.  HNT price sustains weekly climb. Source: Coingecko Related Reading This is largely sustained by continuing efforts to make the network robust and usable in everyday life. Its entry into the telecommunication industry also helped carry this momentum in the long run. Helium: Mobilizing Userbase Helium’s mobile arm is the reason why HNT is at the…

Speculation Grows on Joe Biden’s Whereabouts; Polymarket Bets 57% Chance of Tuesday Address

Following U.S. President Joe Biden’s withdrawal from the 2024 election, many Americans are curious about his whereabouts since he has not spoken to the nation following his letter posted to X on Sunday. On Tuesday, a Polymarket bet is predicting whether Biden will “make an appearance today” after his campaign resignation. The betting odds on […] Source CryptoX Portal

Foundry announces non-profit initiative to support Bitcoin developers

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Foundry is launching a new program that allows miners to contribute a part of their mined coins to Bitcoin developers. Bitcoin (BTC) mining firm Foundry said in a Tuesday press release that it wants to support the development of the Bitcoin ecosystem with a new initiative that allows miners in the U.S. to contribute part of the mined coins to blockchain developers. The initiative dubbed Foundry Donate connects miners in Foundry USA Pool with trusted organizations approved by the IRS as 501(c)(3) entities, allowing direct donations to core developers. The New York-headquartered…