Vaibhavv Ali
Bitcoin’s recent surge of 14% over the past week to $69,887 has led traders to believe it could signify a significant market pump, with expectations of another correction not emerging until it reaches $90,000. According to a pseudonymous crypto trader known as “Roman,” this surge is considered a genuine market pump, supported by both fundamentals … Read more
VanEck’s proposed spot Ethereum ETF, with the ticker $ETHV, has been listed on the Depository Trust and Clearing Corporation’s (DTCC) new securities list, following the release of amended 19b-4 forms by Cboe. Despite this important milestone, approval from the US Securities and Exchange Commission (SEC) is still pending and not guaranteed. VanEck’s application for a … Read more
The blockchain-based social platform Farcaster witnessed a surge of 17% in its community-created token, DEGEN, following confirmation of a $150 million funding round. Led by Paradigm, with participation from other venture firms including Andreessen Horowitz and USV, the Series A round aims to support Farcaster’s long-term development. Former Coinbase executive and Farcaster founder Dan Romero … Read more
Fourteen years ago today, Laszlo Hanyecz made history by purchasing a pizza for 10,000 Bitcoin, marking the inaugural commercial transaction with the cryptocurrency. The Florida programmer, then 28 years old, placed the order on a Bitcoin Talk Forum on May 22, 2010. In his post, he expressed a desire for a hassle-free pizza delivery, likening … Read more
Hex Trust Group, a prominent crypto custodian headquartered in Hong Kong, has introduced USDX, marking the inaugural native stablecoin on the layer-1 blockchain Flare. First Native Stablecoin Released by Hex Trust on Layer-1 Blockchain Flare This stablecoin can be staked on the Flare blockchain and is backed 1:1 by US dollars or comparable assets. The … Read more
The recent surge in Dogecoin’s (DOGE) price suggests a potential for gains as it indicates a recovery trend. Historically, instances of short liquidations within the past 24 hours have often been succeeded by price increases, and this pattern could repeat itself this time. Will Bears on Dogecoin Retract? As the whole cryptocurrency market surged in … Read more
The cryptocurrency industry is eagerly awaiting May 23, when the US Securities and Exchange Commission (SEC) is scheduled to announce its decision on VanEck’s spot ETH exchange-traded fund (ETF) application, followed by ARK 21Shares’ decision on May 24. Apart from VanEck, six other companies, including Ark Investment, Grayscale, Franklin Templeton, Invesco Galaxy, and BlackRock, have … Read more
DeBank, a cryptocurrency portfolio tracker, has launched a new authentication system called Credit, which is geared towards evaluating the legitimacy, engagement, and wealth of Web3 users across various platforms. In a recent update on X, DeBank revealed that Credit is now integrated directly into their platform. This system enables users to verify their “real user” … Read more
Fidelity has updated its S-1 application with the SEC for its Ether exchange-traded fund (ETF), indicating that the underlying Ether tokens will not be staked. This amendment comes amid speculation about the SEC’s stance on spot Ether ETFs, with reports suggesting a shift possibly due to external pressures. The upcoming deadline for VanEck’s Ether ETF … Read more
The market capitalization of NEAR is nearing its annual peak, indicating substantial interest and investment in the token. There’s a notable resistance zone hovering around the $9 billion threshold, which has been tested on numerous occasions, indicating robust selling pressure at this level. Analysis of the NEAR Protocol Market Cap The $9 billion major obstacle, … Read more