Day: March 5, 2025

Bitwise files to list a spot Aptos ETF — the 36th largest cryptocurrency

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Crypto asset manager Bitwise has filed to list a spot Aptos exchange-traded fund in the US — a token created by a team led by two former Facebook (now Meta) employees in 2022. Bitwise filed an S-1 registration statement to list the Bitwise Aptos (APT) ETF on March 5, eight days after Bitwise indicated it would make such a filing when it registered a trust linked to the Aptos ETF in Delaware on Feb. 28. The Aptos filing adds to the list of altcoins currently in the line to win…

Litecoin Whale Deposits 500,000 LTC To Binance: Price Decline To Extend?

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On-chain data shows a Litecoin whale has made a huge deposit to the cryptocurrency exchange Binance in the past day, a sign that could be bearish for LTC’s price. Binance Has Just Received A Massive Litecoin Inflow According to data from the cryptocurrency transaction tracker service Whale Alert, a large move has been spotted on the Litecoin network during the last 24 hours. The transfer in question involved the shifting of 500,000 LTC across the network. At the time that the chain executed the transaction, this stack was worth around…

Canary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar (AXL)

Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to launch such a fund. The hedge fund has previously filed paperwork for several other ETFs. Some of these have already been acknowledged by the Commission and await approval. “Axelar has one of the best dev teams in blockchain. Most viable protocols work…

ETHDenver 2025 includes policy at developer-centric event

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Roughly 25,000 people gathered in Colorado for the 2025 ETHDenver conference from Feb. 23 to March 2 — an event that included the state’s governor and representatives from many crypto companies and US lawmakers.  The annual Ethereum-focused event launched in 2017 kicked off this year with its traditional BUIDLWeek, bringing developers together for technical presentations, boot camps, networking events and socializing. Though some attendees commented on the “gloom and doom” of major token prices falling, the general atmosphere seemed optimistic. Many children attended with their parents, likely entertained by a…

South Korea inches closer to Bitcoin ETF decision, looks to Japan as example

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South Korea is growing closer to a decision on Bitcoin (BTC) exchange-traded funds (ETFs), according to a report from local publication Maeil Business Newspaper (MK). In its report, MK says the South Korean government is looking to Japan as an example, as the island nation has been skeptical of digital assets in the past but may be changing its tone. The Financial Supervisory Service, South Korea’s financial regulator, reportedly examined the Japan Financial Services Agency’s legislative trend toward digital assets and shared it with related institutions in South Korea. Nikkei,…

Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad?

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Este artículo también está disponible en español. The Bitcoin price is struggling to recover from recent declines, as the market downtrend has kept it significantly below the $100,000 mark. Amidst this volatility, Bitcoin is experiencing a bearish deviation that is filling a new Chicago Mercantile (CME) Gap. This has triggered a fresh prediction from a crypto analyst who believes that the pioneer cryptocurrency is set for a higher high. Bitcoin Price To Form Higher Low As CME Gap Fills Crypto analyst Rekt Capital took to X (formerly Twitter) on Monday…

Bitcoin network used to secure local GOP convention election results

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The Bitcoin network was used to secure and store the results of the Williamson County, Tennessee Republican Party Convention’s March 4 election to determine the leadership and board of the local GOP chapter. According to Simple Proof, the software platform used to record the election results to the immutable blockchain ledger, the data was successfully stored on block number 886,370 at 11:15:30 UTC. According to the onchain data, Steve Hickey was elected chairman of the local convention, Tim Raynaud won the vote to become treasurer, and Leigh Ann Cates was…

Ethereum price ‘double top’ hints at 42% drop as ETH bull market ends

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On March 4, Ethereum’s native token, Ether (ETH), dropped to a new yearly low of $1,996, marking the altcoin’s lowest value since November 2023. In that 24-hour period, roughly $100 million in Ethereum positions were liquidated, with ETH futures open interest (OI) declining 10.31% across all exchanges. Ethereum 1-day chart. Source: Cointelegraph/TradingView Is Ether price at a generational entry or lost cause? The second largest cryptocurrency is drawing mixed opinions from the crypto industry. Ethereum’s Pectra upgrade was deployed on the Sepolia testnet on March 5, and Gabriel Halm, a…

The Second Buggy Test for Upcoming Ethereum Upgrade ‘Pectra’ Could Lead to a Delayed Mainnet Hard Fork

Welcome to The Protocol, CryptoX’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter at CryptoX. In this issue: Ethereum’s Second Buggy ‘Pectra’ Test Could Lead to a Delayed Upgrade Ethereum Foundation Picks New Co-Executive Directors, Following Leadership Reshuffle Layer-2 BOB’s ‘Bitcoin DeFi’ Continues Progress With Fireblocks Integration Popular Crypto Wallet MetaMask Unveils New Roadmap This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get…