The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said. Source
Coinbase Third-Quarter Revenue Misses Estimates; Shares Fall: Analysts
Day: October 31, 2024
BTC Prices Take Breather as Exchange-Traded Funds Record Another Day of Monster Inflows
A breather in the market from a wider pump earlier in the week came amid a second straight day of strong inflows for U.S. bitcoin exchange-traded funds (ETFs). The ETFs recorded over $893 million in inflows on Wednesday after taking in $879 million on Tuesday, the first back-to-back inflows of more than $850 million. Cumulative net inflows since their introduction in January now total $24 billion, according to data tracked by Farside Investors. Source
VanEck partners with Kiln for SOL staking, analysts predict $800 for Bitcoin Cash and $1 for Intel Markets
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. VanEck teams up with Kiln to boost Solana staking, while analysts predict Bitcoin Cash reaching $800 and Intel Markets hitting $1 by 2025. VanEck has partnered with Kiln to expand its Solana (SOL) staking strategy as more institutions embrace digital currencies. Meanwhile, analysts have given bullish price forecasts for these altcoins: Bitcoin Cash (BCH) and Intel Markets (INTL). They forecast the value of Bitcoin Cash could rally to $800…
Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on the official foreign exchange market on […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?
It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the company’s treasury wallet. Whale Alert also confirmed the latest transaction last Tuesday at around 20:43 (UTC). The company’s latest replenishment order has sparked speculation of increasing demand and a potential price surge. 1,000,000,000 #USDT (999,750,000…
BlackRock’s (BLK) Entry Into Crypto Matters More Than Whether Trump or Harris Wins U.S. Election, QCP Capital’s Sit Says
While there may be some short-term volatility in crypto markets depending on whether Donald Trump or Kamala Harris becomes the leader of the world’s largest economy, what’s more important is the broader integration of crypto, especially bitcoin (BTC), into American finance. For example, the widespread adoption of bitcoin exchange-traded funds (ETFs), with BlackRock (BLK), the world’s largest asset-management firm, running the biggest. Source
Microsoft bets on Bitcoin; GambleFi craze sends Rollblock soaring past Solana
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Microsoft eyes Bitcoin adoption amid dollar concerns, Rollblock is making waves in the GambleFi sector, soaring past Solana with a remarkable 220% pre-ICO increase. Bitcoin’s (BTC) gains and remarkable technology continue to attract the attention of tech giants, with Microsoft being the latest to consider adoption. BTC’s consideration seems to be driven by concerns about the sustainability of long-term dollar holdings as the USD gradually loses its value.…
Nigerian Fintech Reaches Unicorn Status With $110 Million Google-Backed Funding Round
Moniepoint, a Nigerian fintech company, has raised $110 million in Series C funding to expand its services across Africa and globally, becoming the latest Nigerian fintech unicorn. Moniepoint Seeks to Serve Global African Market with New Funding Moniepoint, a Nigerian fintech company, recently announced it had raised $110 million in a Series C funding round […] Source CryptoX Portal
Analysts Bullish On ETH As Price Retests $2,700
Este artículo también está disponible en español. On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Related Reading Ethereum Retests $2,700 Ethereum surged above a key resistance level on Wednesday morning as most of the crypto market soared. The cryptocurrency rallied 3.1% toward the $2,700 horizontal level, hitting the $2,722 mark before retracing to $2,710.…
BlackRock’s IBIT sees record $872m inflow amid 6-day Bitcoin ETF streak
On Oct. 30, BlackRock’s spot Bitcoin ETF recorded its highest single-day inflow since its January launch, contributing to the ongoing six-day inflow streak across the 12 Bitcoin ETFs. According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively recorded $893.21 million in inflows on Oct. 30, an amount second only to the $1.045 billion inflow recorded on March 12. This extended their inflow streak to six days, with total net inflows surpassing $3 billion. BlackRock’s spot Bitcoin ETF, in particular, led this rally with $872.04 million in inflows, surpassing…