Month: July 2024

21shares Announces Chainlink Integration for Real-Time Ethereum Reserve Verification

21shares announced it has integrated Chainlink’s Proof of Reserve on Ethereum mainnet to bolster the transparency of the 21shares Core Ethereum exchange-traded fund (ETF), also known as CETH. The crypto exchange-traded product (ETP) issuer said this integration aims to provide real-time visibility into the ethereum (ETH) reserves backing the ETF. 21shares Enhances CETH Transparency With […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO

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The CEO and founder of the on-chain analytics firm CryptoQuant has explained how this Bitcoin bull cycle could probably last till mid-2025. Profit-Taking From Old Bitcoin Whales Lasted For 18 Months In Previous Cycles In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about a pattern that old whales have followed in terms of profit-taking during the past cycles. “Old whales take profits during bull markets,” notes Young Ju. “Their selling brings new capital into accumulation addresses, raising realized prices.” Accumulation Addresses refer to…

US Government Transfers $2 Billion in Bitcoin to Unknown Wallet

According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held as reserves. DOJ-Labeled Wallet Transfers More Than 29,000 Bitcoins […] Source CryptoX Portal

Is There A Solana ETF On The Way? New Cryptocurrency At $0.00107 Is Turning Heads

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Solana (SOL) has been making waves in the cryptocurrency market with its impressive performance and robust technology. Known for its high transaction speeds and low fees, Solana (SOL) has quickly become a favorite among developers and investors. As interest in Solana (SOL) continues to grow, rumors of a potential Solana ETF are circulating, which could further boost its appeal and accessibility. The Potential Impact of a Solana (SOL) ETF The introduction of a Solana (SOL) ETF could significantly impact the market by making it easier for traditional investors to gain…

Investors Flocking Back to Solana Whilst Diversifying With Mpeppe (MPEPE) Is the Fear Over?

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The cryptocurrency market is experiencing a resurgence of interest in Solana (SOL), as investors are flocking back to this high-performance blockchain platform. At the same time, savvy investors are diversifying their portfolios by adding Mpeppe (MPEPE), a rising star in the crypto world. But is the fear over, or are investors simply seeking new opportunities? Let’s delve into the reasons behind this trend and the potential benefits of this diversification strategy. Solana’s (SOL) Resurgence: A Sign of Renewed Confidence Solana (SOL) has been making headlines recently, with investors showing renewed…

Deep Dive Into The Profitability Of Bonk (BONK) and Mpeppe (MPEPE)

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Cryptocurrencies have captivated the investment world, offering opportunities for substantial returns. Among the emerging tokens that have caught the attention of investors are Bonk (BONK) and Mpeppe (MPEPE). This article takes a deep dive into the profitability of these two tokens, exploring their potential and what makes them stand out in the crowded crypto market. Bonk (BONK): Riding the Meme Wave to Success Bonk (BONK) has made a significant impact since its introduction. With its distinctive approach and strong community support, Bonk (BONK) has carved out a niche for itself.…

Bitcoin Cash Leads Altcoin Market With 16% Gain

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Altcoins offer investors and traders an alternative to big cryptocurrencies within the market. Since the start of this week, these major cryptocurrencies like Bitcoin and Ethereum have continued to rocket upwards, pulling the majority of the market with them. Bitcoin Cash, a direct fork of Bitcoin, is seeing success after today’s 3% increase in total market cap. According to CoinGecko, the coin is up nearly 15%, making it the lead gainer of today’s market environment. Related Reading Superb Market Conditions Spur Trader Interest The tie between the traditional and crypto…

Bitget Wallet fully integrates TON mainnet swaps

Bitget has become one of the first major wallet providers to fully integrate The Open Network (TON), a Telegram-endorsed blockchain. Bitget Wallet will now allow The Open Network users to trade native assets and buy or swap Toncoin (TON) through cross-chain venues and fiat corridors like Banxa. Users will have access to at least nine other channels to convert fiat currencies, such as U.S. dollars, into TON. In a statement, Bitget Wallet COO Alvin Kan highlighted that adding The Open Network mainnet support to the firm’s swap service expands utility for…