HIVE Digital Technologies Ltd. announced it has crossed the 16 exahash per second (EH/s) mark in global Bitcoin hashpower, keeping momentum toward its ambitious 25 EH/s target by U.S. Thanksgiving. Bitcoin Miner HIVE Targets 25 EH/s, Stock Climbs 10% in 5 Days Since May, HIVE explained that this ramp-up has more than doubled the company’s […] Original
Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi’s Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of money market funds in the late 1970s and early 1980s. Those funds ballooned from about $4 billion in 1975 to $235 billion in 1982, outpacing banks whose deposit rates were tightly regulated, Federal Reserve data…
Key Notes Asset manager Grayscale to rename its Grayscale Avalanche Trust (AVAX) as the Grayscale AVAX Trust ETF and list shares on Nasdaq once approved. The SEC has not yet approved the application, and Grayscale stated that no offering will occur until approval is obtained or deemed unnecessary. Avalanche’s native token AVAX is trading around $25.60, holding weekly support at $20.30. Digital asset manager Grayscale Investments, submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC), to launch an Avalanche ETF, and list it on the Nasdaq platform.…
Ethereum has once again made headlines by climbing to a fresh all-time high, confirming the strength of its ongoing uptrend. However, despite the bullish price action, warning signs are flashing on the technical front as the Relative Strength Index (RSI) shows a rare divergence. With price pushing higher but momentum indicators losing steam, ETH now faces a critical test on its path toward the much-anticipated $5,000 milestone. Ethereum Breaks Record With Weekly Close Above $4,600 GrayWolf6, in a recent post on X, highlighted that ETH has achieved a significant milestone…
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Key Notes Canary Capital submits Form S-1 for an American-made crypto ETF. The ETF would include US-based tokens like XRP and Solana. Filing follows Trump’s push for crypto mined, minted, and made in the US. Leading crypto fund manager Canary Capital has officially filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch a first-of-its-kind “American-Made Crypto ETF.” The spot ETF would exclusively hold cryptocurrencies that were either invented in the United States, primarily mined domestically, or have the majority of their operations based in the…
Key takeaways: Ether’s long-term holder net unrealized profit/loss indicator suggests the price has entered the “belief” phase. The market value to realized value suggests ETH is undervalued, with room to run toward $5,500. Ether’s rounded bottom pattern targets $12,100. Ether (ETH) price has rallied more than 240% since April to set a record high above $5,000 on Sunday. As a result, investors’ profitability has risen to levels seen in the past bull cycles, suggesting that the ETH market is entering the “belief” phase, increasing the chances of an extended rally.…
Bitcoin’s brief post-Jackson Hole rally collapsed after a major wallet offloaded 24,000 BTC, triggering a $500 million liquidation cascade. Meanwhile, ether outperformed as institutional flows rotated into ETH. Bitcoin Loses Ground to Ethereum After Jackson Hole Shock The momentum generated on bitcoin’s spot price movement stalled sharply over the weekend after a legacy holder reportedly […] Original
Shiba Inu has been showing signs of preparing for a significant price move, and technical analysis is pointing to a bullish breakout on the macro timeframe. Although Shiba Inu is down by 2.8% in the past 24 hours, a chart pattern that has been forming over the past several months suggests that the token could be on the brink of a powerful rally. According to crypto analyst Javon Marks, the structure of SHIB’s price action is displaying an inverse head and shoulders pattern, which shows the possibility of a massive…
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