Tag: Optimism

Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto’s Staunchest Supporters

“I don’t see bitcoin ETFs as clashing with what original proponents of crypto hoped for, because from the very start even the most idealistic strains of bitcoinism were always twinned with the raw desire to make money,” Koning said. “For the number to go up, more funds must be drawn in, which requires not only relying on the linkages already forged to traditional finance, like the integration with the card networks, but new forms of interconnection.” Source

Imminent Approval of U.S. Bitcoin ETF Boosts Crypto Market Optimism

The SEC has requested that issuers have their authorized participant agreement – describing who will play the key role of creating and redeeming ETF shares – available in the coming days. Authorized participants are a central part of the ETF business, but this job will be a particularly tough one, with bitcoin ETF APs needing basic knowledge of digital assets and the ability to provide safekeeping and custody, conduct due diligence for anti-money-laundering and know-your-customer purposes, ensure compliance with sanctions regulations, deal and place crypto asset orders on behalf of…

Optimism holds strong, price spikes more than 50% this week

Optimism (OP) witnessed a 10% price increase and an over 50% rise on the daily and weekly timeframes, respectively. The spike is underscored by growth in user activity, plus strategic collaborations with Lisk and Gelato, as well as a solid position as the second-largest Ethereum layer-2 network.  According to recent data compiled by IntoTheBlock, the Optimism L2 blockchain now boasts over 5.9 million addresses with a balance — a substantial 391% increase from January’s 1.2 million. This growth reflects a growing interest in Optimism’s decentralized ecosystem, driven by the Optimism…

Optimism Price Up By 34% Today

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Optimism price has been witnessing significant momentum over the past few days, becoming one of the top gainers in the market today. Thanks to this recent price growth, Optimism has seen its native token OP lay a serious claim to a place within the top 30 cryptocurrencies by market capitalization. However, it seems that the Optimism price movement may soon be turning bearish following the appearance of a sell signal on the price chart.  Indicator That Preceded 80% Rally Turns Bearish, Analyst Says In a recent post on the X…

Top crypto gainers: Optimism, Oasis Network, Arbitrum

CoinMarketCap charts on Dec. 22 show Optimism, Oasis Network, and Arbitrum are the day’s top crypto gainers, with over 18% growth each. Top Crypto Gainers and Losers Today | Source: CoinMarketCap Taking the top spot is Optimism (OP), a layer-two blockchain on top of Ethereum. The token, which currently sits at $2.97, showed a price increase of 26.9% in the last 24 hours, marking part of a rather successful year for Optimism. At the time of writing, the network boasts nearly six million addresses with a balance, reflecting a substantial 391%…

Eyes On $50,000: Bitcoin Poised For Major Rally Amid Spot ETF Optimism

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Crypto analyst Michael van de Poppe has recently shared his latest Bitcoin price prediction on X. Van de Poppe has now set his sights on new heights for the flagship cryptocurrency. In a recent post, the analyst expressed confidence that Bitcoin has concluded its corrective phase and is primed to test the $47,000-$50,000 range soon. Van de Poppe’s optimism stems from a critical market development: the potential approval of spot BTC exchange-traded fund (ETF) by major financial entities like BlackRock, Fidelity, and Ark Investment. This anticipated move, widely supported by…

Optimism Price To Resume Bullish Trajectory To $3? Here’s How

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The Optimism price appears to have struggled over the past week, with its recent bullish momentum seemingly waning. During the altcoin rally, the price of Optimism’s native token OP went from a low of $1.2 to a high of nearly $2.5 before experiencing a pullback.  While OP has managed to preserve a majority of its recently accrued profit, the cryptocurrency seems to be finding it challenging to continue its bullish trajectory. And the latest on-chain revelation suggests that there might be only one thing in the way of the Optimism…

Grayscale’s GBTC Discount to NAV At Narrowest Since July 2021 on ETF Optimism

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