Ethena (ENA), the governance token for the synthetic dollar network, is starting Friday AM UTC trade at $0.9632, down 33% from the previous week. Even though this is one of the biggest weekly losses for a cryptocurrency in the top 100, ENA appears to be headed for a swift rebound. The price of it has … Read more
The fact that institutional investors and holders of Bitcoin exchange-traded funds (ETFs) have not realized much in their gains suggests that there won’t be any selling pressure from this group in the near future. Was the Bitcoin decline below $60,000 the local low point?Bitcoin cost? Owners of Bitcoin ETFs have only achieved 1.6% in profit … Read more
Coinbase International, a cryptocurrency exchange, recently announced that, starting of April 25th, non-US users in specific jurisdictions would be able to trade perpetual futures with $WIF. WIF Perpetual Futures Trading: Coinbase, a cryptocurrency exchange, increases its offerings As expected, by the end of this month, Coinbase International Exchange (CIE) and Coinbase Advanced plan to provide … Read more
After making two attempts to leverage their long position on Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, a huge cryptocurrency whale lost over $4.5 million. This was because they had to settle their debt on a decentralized protocol as the price fell. The whale initially lost about $500,000 after taking out a USDT loan … Read more
For some industry insiders, the much-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week marks a major turning point. Some caution that the optimistic event may be overshadowed by stronger market dynamics, such as ongoing inflation and geopolitical risk. The first Ethereum spot ETF in the world and the first … Read more
In the Bitcoin ETF market, BlackRock’s IBIT ETF has become a popular option and has attracted a lot of interest from institutional investors. Only about 30 fund managers own 0.2% of the company’s shares, notwithstanding their investments. Eric Balchunas of Bloomberg claims that this modest beginning is only the beginning and points to a possible … Read more
Cardano’s (ADA) path to $1 is still beset by difficulties; the token had a large sell-off that mirrored the overall decline in the cryptocurrency market. In fact, the token’s recent price fluctuations have earned it the moniker “zombie crypto” because of the perception that it hasn’t made any meaningful development. Notably, veteran cryptocurrency trader Alan … Read more
Depending on a number of variables, including tokenomics, value proposition, and overall contribution to financial independence, altcoins may respond to the Bitcoin halving differently. The increasing dominance of Bitcoin over the past 15 years is a testament to the significance of the mechanisms developed by its creator, Satoshi Nakamoto, to address the flaws in the … Read more
The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock’s Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows. Data from Farside Investors indicates that on April 15, net inflows into the iShares Bitcoin Trust (IBIT) totaled $73.4 million, a reduction … Read more
Starting on April 10, Uniswap Labs implemented a new swap fee of 0.25%. On the same day, Hayden Adams, the creator of the company, said that they had received a Wells Notice from the US Securities and Exchange Commission (SEC). The most recent update from Uniswap Labs states that the cost is applicable to all … Read more