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 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
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…
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
A decline of 5.6% in ICP and 5.2% in AVAX dragged the index down in overnight trading. Source
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…
A crypto analyst has predicted that Solana (SOL) is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800. Solana Sets Sight On $1,800 Price Increase In a recent X (formerly Twitter) post, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding Solana’s future price outlook. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs. Related Reading The crypto analyst’s optimistic forecast…
Bitlayer says it has raised $11 million in its series A round led by Franklin Templeton and ABCDE, bringing its total funding to $16 million. Bitcoin-focused layer-2 solution Bitlayer has secured $11 million in a Series A funding round led by Franklin Templeton and ABCDE to expand the list of supported protocols with the ecosystem built atop BitVM, a system that allows smart contracts to be executed on the Bitcoin network. Although the firm’s valuation wasn’t disclosed, the fresh capital is expected to bolster Bitlayer’s development of its Web3 platform,…
“Market participants are also closely monitoring Grayscale’s US$9 billion ETH Trust, as there are concerns that Grayscale’s potential selling pressure could counteract the positive effects of the new inflows, potentially exerting downward pressure on the market,” wrote Vivien Wong, partner at HashKey Capital’s Liquid Funds, in a Tuesday email to CoinDesk. Source
Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. Blackrock’s IBIT Dominates Bitcoin ETF Inflows On Monday, U.S. spot bitcoin ETFs attracted $533.57 million, the highest […] Original