In the ever-changing landscape of cryptocurrencies, Ethereum has emerged as a key player, capturing the attention of investors worldwide. Michaël van de Poppe, CEO of MN Trading, has recently made a bold forecast regarding Ethereum’s future. He predicts a significant surge in Ethereum’s value, estimating a potential climb to the range of $3,800 to $4,500.
Bitcoin, the flagship cryptocurrency, has recently experienced a price retracement after reaching $53,000 on February 20. Despite this dip, Bitcoin whales are seizing the opportunity to accumulate more of the digital asset. Data from Crypto Quant founder and CEO, Ki Young Ju, indicates that inflows into accumulation addresses have surged to an all-time high of
On Tuesday, the VanEck Bitcoin exchange-traded fund (ETF) experienced a significant milestone, surpassing $258 million in daily trading volume. This marked a remarkable 14-fold increase in trading volume within a single day. Despite this achievement, VanEck’s ETF has struggled to keep up with the trading volumes seen in other popular ETFs like BlackRock, Fidelity, and
The recent surge in the price of Ethereum (ETH) has attracted significant attention, with the token crossing the $3,000 threshold for the first time since April 2022. While this milestone has been met with celebratory reactions in the crypto community, financial expert Fred Krueger has cast doubt on the true valuation of ETH. Krueger, a
The landscape of Bitcoin holdings on exchanges has been undergoing a notable transformation since mid-March 2020. At that time, over 17% of Bitcoin’s total supply was stored on exchanges, marking a record high. However, a significant change has occurred since then, with a consistent decline in the amount of Bitcoin held on exchanges. This trend
The emerging trend of NFTs has disrupted various industries, including the world of ticketing. Sports Illustrated, a renowned sports media brand, has recently joined the NFT craze with the launch of Box Office, a ticketing platform that utilizes blockchain technology. Partnering with Avalanche, a popular blockchain network, Sports Illustrated Tickets aims to revolutionize the way
Coinbase’s international exchange made headlines on Feb. 20, surpassing $1 billion in daily trading volume for the first time ever. This significant milestone was met with enthusiasm from Coinbase CEO Brian Armstrong, who highlighted the continued growth of the service. Live data revealed that Coinbase International Exchange recorded $1.098 billion in 24-hour perpetual trading volume.
In a move to bolster innovation and protect consumers, the Hong Kong Monetary Authority (HKMA) recently introduced comprehensive regulatory standards for the sale and distribution of tokenized financial products by authorized institutions. This initiative comes as a response to the rapid advancement in tokenization technologies and their increasing application in the financial sector. By setting
Global asset management firm, Bernstein, has expressed confidence in the potential approval of an Ethereum Spot ETF by the United States Securities and Exchange Commission (SEC). Analysts Gautam Chhugani and Mahika Sapra predict that Ethereum, the world’s second-largest cryptocurrency, may be the next digital asset after Bitcoin to win approval for an ETF. Despite initial
Wall Street Memes has recently revealed a major new burn mechanism that has set fire to 5% of the $WSM supply. This move marks the beginning of an exciting deflationary force in the $WSM token dynamics, following a change in plans by developers. Initially, a 10% buyback of Net Gaming Revenue was proposed, but the
