In a recent Kitco News interview, James Seyffart, a Bloomberg Intelligence ETF Research Analyst, discussed the prospects of a Solana spot ETF in light of the recent approvals for Bitcoin and Ethereum spot ETFs. Seyffart expressed doubts about the likelihood of Solana receiving similar approval soon. He pointed to ongoing legal actions involving Kraken and … Read more
The cryptocurrency market experienced a wave of volatility this week, with prices for leading digital assets like Bitcoin and Ethereum taking a tumble. This turbulence coincides with two seemingly unrelated events: the wild swings in GameStop’s stock price and the release of a robust US jobs report. Analysts suggest a potential connection between these events. … Read more
A recent development in the cryptocurrency world has sparked speculation that China might be reconsidering its strict stance on cryptocurrencies. The rumors began when Bybit, a prominent offshore cryptocurrency exchange, unexpectedly opened registrations and authentication for users in China. This move is noteworthy because Bybit had previously banned Chinese users from accessing its platform due … Read more
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a slight decline recently, aligning with the broader crypto market’s downward trend. However, a well-known crypto analyst, Mags, anticipates a bullish 13% rally for Ethereum in the near future. Mags’ positive forecast is based on a detailed analysis of Ethereum’s historical price trends and patterns. … Read more
In a significant victory for the cryptocurrency community, Norwegian authorities have successfully recovered and returned a portion of the funds stolen in the infamous Ronin Bridge hack. The hack, which occurred in March 2022, resulted in the theft of over $600 million worth of cryptocurrency, making it the largest decentralized finance (DeFi) hack in history. Collaborative Investigation Leads to Recovery … Read more
Bakkt Holdings, a cryptocurrency platform backed by the New York Stock Exchange (NYSE), is reportedly contemplating a sale as it navigates the dynamic crypto environment. According to insiders, the company has enlisted advisors to explore various options, including selling part or all of its business. Since going public in October 2021 via a SPAC merger, … Read more
Whales holding XRP have recently acquired approximately 77 million coins from Binance within the last 24 hours, sparking speculation about its effect on XRP’s price. This large-scale accumulation comes amidst XRP’s recent drop below the $0.52 support level. Analysis of on-chain data highlights this notable acquisition, prompting discussions about the intentions of these whales and … Read more
Former President Donald Trump’s recent interest in being recognized as the ‘Crypto President’ signifies a significant change in his stance on digital currencies. While Trump previously expressed skepticism about cryptocurrencies during his presidency, he now emphasizes the importance of the United States leading in the digital currency space. His proposed initiatives include a regulatory overhaul … Read more
It’s uncommon for Litecoin (LTC) to surpass Ethereum (ETH) in any metric. However, on June 6, the number of active addresses on Litecoin’s network surged dramatically by 75%. Data from IntoTheBlock indicated that Litecoin had over 100,000 more active addresses than Ethereum. The total number of active addresses reached 602,720, marking the highest level of … Read more
Bitcoin (BTC) and Ethereum (ETH), two of the largest blockchains, continued to lead the NFT market in May. While this initially seemed promising, a closer look revealed that NFT sales volumes for both ETH and BTC had actually declined over the past 30 days. NFTs for Bitcoin and Ethereum in May A tweet from Coin98 … Read more