In a recent filing with the Securities and Exchange Commission (SEC), Fidelity Investments has applied for a spot Ethereum exchange-traded fund (ETF). This move comes shortly after Fidelity’s competitor, BlackRock, submitted a similar filing for its own spot Ethereum ETF. With the two largest asset managers in the world entering the cryptocurrency ETF race, the
Leading U.S. cryptocurrency exchange Coinbase has taken a significant step toward advancing the adoption of cryptocurrencies in commerce by launching its new open-source Onchain Payment Protocol. This innovative protocol, which is an update to Coinbase’s existing Commerce product, aims to simplify and standardize on-chain payments for various Ethereum Virtual Machine networks. The Coinbase Onchain Payment
The decentralized finance (DeFi) market has long been known for its exhilarating highs and devastating lows. It has emerged as one of the most thrilling and volatile sectors in the realm of cryptocurrencies, second only to Bitcoin (BTC). In the year 2020, the DeFi sector experienced a remarkable bull market, propelling the total value locked
New meme token BABYGORK has witnessed an astounding 176% surge within the past 24 hours, propelling its value to $0.0004192. This impressive performance reflects an almost 10,000% gain since its listing on Uniswap a day prior. While this surge in value may catch the attention of traders, it is crucial to highlight the potential risks
The possibility of U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) becoming a reality has sparked discussions about the potential impact on the market. While Bitcoin (BTC) ETFs have gained significant attention, there are questions about whether Ethereum ETFs will have a similar effect. According to Juan Leon, an analyst at Bitwise, the world’s largest crypto
The current crypto market has witnessed a significant shift in sentiment among Ethereum (ETH) holders. Some of these investors are reportedly panic selling their ETH holdings and diversifying into alternative layer-1 altcoins such as Solana (SOL) and Cardano (ADA). Their concern stems from the possibility that ETH may not outperform the market as it did
GS Partners, a prominent company in the Web3 domain, is currently facing a barrage of regulatory scrutiny in multiple states within the United States. These investigations have resulted in severe accusations against the company, including violations of securities laws, false claims, and omissions pertaining to the sale of unregistered tokenized assets to retail investors. Regulators
The Bitcoin price is once again on the rise, as bullish sentiment takes over the market. With the price currently standing at $37,422, up 4.2% in the past 24 hours, Bitcoin has outperformed all other asset classes this year, boasting a 123% gain. This upward trajectory has attracted the attention of traders, who are eagerly
The South Korean National Pension Service (NPS) has made a significant profit of 40% from its recent investment in Coinbase, a leading cryptocurrency exchange based in the United States. This comes as a surprise, as the NPS typically avoids direct investments in cryptocurrencies due to their volatile nature. Instead, the fund seeks exposure to the
In recent days, Solana (SOL) has experienced a significant rally, surpassing the $60 resistance level against the US Dollar. With the price up by over 50% within a short period, investors are eagerly looking at the possibility of SOL continuing its upward trend towards the $75 mark. This article will delve into the technical analysis
