BlackRock ushered in a bullish optimism within the digital assets market in January when it got approval to offer the Bitcoin Bitcoin Fund (IBIT) to investors, which in less than two months of trading, became one of the top five ETFs overall in the market. The fund has attracted $15 billion in assets, significantly more than any of the other nine funds. Source CryptoX Portal
“It is very difficult to know, from what has been publicly disclosed thus far, the nature of the government inquiry that has been sent to the Ethereum Foundation or whether the Foundation is the target of that investigation,” Preston Byrne, managing partner of Byrne & Storm, P.C., told CoinDesk in an email. Source
Roughly 18 hours ago, an investor holding a large amount of ether transferred 12,000 ETH worth $42.8 million to Binance, according to Lookonchain. Source
Reports suggest the SEC may be about to categorize ETH as a security, with huge implications for the blockchain’s future. Here’s why the SEC would be wrong. Source
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security. Source
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Ethereum price extended its decline below $3,500. ETH is showing a few bearish signs and there could be a drop toward the $3,200 support zone. Ethereum started a downside correction below the $3,550 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline if it stays below the $3,520 and $3,550 resistance levels. Ethereum Price Breaks Support Ethereum price…
Standard Chartered’s latest research notes offer a very bullish outlook for the major digital assets, Bitcoin (BTC) and Ethereum (ETH), by the end of 2024 and beyond. The bank’s analysts project Bitcoin could reach $150,000, while Ethereum could hit the $8,000 mark. These projections come amidst a backdrop of significant developments in the crypto space, including the launch of Bitcoin spot Exchange-Traded Funds (ETFs) and Ethereum’s recent Dencun upgrade. Bitcoin’s Path To $150,000 The bank’s research delves deep into the factors propelling Bitcoin’s potential surge to $150,000 by year-end. Central…
Ether (ETH), the native token of the world’s leading smart contract blockchain, has declined 6.3% to $3,640 despite successfully implementing the Dencun upgrade. Meanwhile, bitcoin (BTC), the market leader, has held flat at around $68670, while the broader CoinDesk 20 Index has gained 0.7%. Original
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Ethereum (ETH) approaches $4,000, while Kelexo (KLXO) presale excites investors, potentially soaring post-bitcoin halving. Investors enjoying this period most likely have significant holdings of Ethereum (ETH) or Bitcoin (BTC). Both coins have been performing excellently since the middle of February and look set to break records. As they continue to grow, so does their appeal and the…