21Shares, a pioneer in cryptocurrency exchange-traded products (ETPs), has expanded its European offerings with the launch of the Future of Crypto Index ETP (FUTR). This move aligns with their ongoing advocacy for regulatory changes in Europe to accommodate crypto assets within UCITS funds. The FUTR ETP provides investors with exposure to six key trends shaping … Read more
The crypto market has witnessed a significant shift as traditional hedge funds increasingly embrace digital assets. A recent report by the Alternative Investment Management Association (AIMA) and PwC reveals that nearly half of hedge funds in traditional markets are now involved in cryptocurrencies. This surge in interest is primarily attributed to clearer regulations and the … Read more
The Financial Supervisory Commission (FSC) of Taiwan is set to initiate a pilot program for cryptocurrency custody, as reported on October 8. Applications for this trial are expected to be accepted starting in the first quarter of 2025, with three private banks already expressing interest in entering the crypto custody market. Participating institutions will need … Read more
On October 9, 2024, the meme cryptocurrency market is experiencing significant downturns, with nearly all coins in the top 100 losing value. Notably, Popcat (POPCAT) and Dogwifhat (WIF) have emerged as some of the worst performers today, reflecting a broader trend of market disinterest. Popcat’s Plunge Popcat, the largest cat-themed cryptocurrency, has seen its price … Read more
Ripple has recently invigorated the XRP community by executing a substantial burn of its RLUSD stablecoins, marking the first significant token burn since the minting of 42 million new stablecoins earlier this month. This burn, which involved 2 million RLUSD stablecoins, occurred as part of Ripple’s ongoing private beta testing, initiated at the beginning of … Read more
Today’s cryptocurrency market is experiencing a choppy phase, with widespread declines across major assets. The total market capitalization has decreased by 2.26% in the past 24 hours, now sitting at $2.13 trillion. This downturn has pushed the Fear & Greed Index to 37, indicating a prevailing sense of fear among investors. Additionally, intraday trading volume … Read more
A recent revelation by a crypto researcher has sent shockwaves through the cryptocurrency market, as it was reported that the Chinese government has transferred 15,700 ETH associated with the infamous PlusToken Ponzi scheme from its wallets. Of this amount, approximately 7,000 ETH—valued at around $16 million—was moved to wallets linked to major cryptocurrency exchanges, leading … Read more
In a groundbreaking development for blockchain technology and legal systems, Cardano has successfully hosted Argentina’s first legally enforceable smart contract. This milestone was achieved through a loan agreement between Cardano ambassadors Mauro Andreoli and Lucas Macchia, involving a sum of 10,000 ADA tokens—valued at approximately $3,380—payable in four months at a 10% interest rate. A … Read more
In a united front, the XRP Army—a collective of millions of Ripple supporters, investors, and cryptocurrency enthusiasts—has initiated a petition in response to the SEC’s recent legal maneuvers against Ripple. Following the SEC’s appeal on October 2 against Judge Analisa Torres’s 2023 ruling that established XRP’s non-security status, the community is rallying to resist what … Read more
In a recent statement, analyst Kendrick shared his bold predictions regarding the future of cryptocurrencies based on the outcome of the upcoming presidential election. He suggests that if Donald Trump secures victory, the price of Solana could soar fivefold, while Ethereum may see a fourfold increase and Bitcoin could rise threefold. Kendrick elaborated that under … Read more