The SIX Swiss Exchange, one of Europe’s largest stock exchange operators, is making strides to enter the digital asset market amid increasing institutional interest and favorable legislation in Switzerland. According to the Financial Times, the exchange is considering the establishment of a European platform dedicated to digital asset trading, aiming to attract traditional investors keen … Read more
In the past 24 hours, Bitcoin (BTC) has experienced a notable surge of approximately 5%, pushing its price to retest the significant $61,000 mark. This bullish momentum has sparked a wave of positive sentiment among investors, leading to substantial inflows into various Bitcoin Exchange-Traded Funds (ETFs). ETF Inflows Following Price Rally As Bitcoin’s price rebounds, … Read more
Ethereum (ETH) has recently experienced a significant downturn in its derivative market, which may suggest a notable shift in market sentiment. This decline raises questions about the future trajectory of ETH prices, especially when considered alongside spot trading volumes. Ethereum’s Funding Rate Takes a Hit Recent data from CryptoQuant highlights that Ethereum’s Funding Rate has … Read more
On September 16, Bitcoin dominance surged to 58%, marking its highest level since April 2021. This milestone comes after a prolonged period of gradual increase in Bitcoin’s market share, highlighting a significant shift in the cryptocurrency landscape. Bitcoin’s dominance has been on a steady rise since its nadir in November 2022, when the collapse of … Read more
Binance, one of the world’s leading cryptocurrency exchanges, is offering an exclusive opportunity for new users to earn a $100 trading fee rebate voucher. By signing up with the referral code VA05III2 and making a deposit of $50 or more within 14 days, you can take advantage of this limited-time offer. How to Claim Your … Read more
MicroStrategy, a software company known primarily for its business intelligence solutions, has been making headlines for its aggressive investment strategy in Bitcoin. Since 2020, the company has been on a remarkable journey, converting a significant portion of its capital into Bitcoin (BTC). Recently, MicroStrategy acquired an additional 18,300 BTC for approximately $1.11 billion, further solidifying … Read more
In a significant development for the cryptocurrency landscape in Russia, Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, has announced that the country will implement regulations governing cryptocurrency trading by November. This move marks a pivotal moment in Russia’s approach to digital assets, signaling a structured approach to integrating cryptocurrencies into … Read more
Recent data reveals that Ethereum ETFs have faced negative flows for the second consecutive trading session, even as Ethereum’s [ETH] price posted gains. This divergence between ETF outflows and price performance suggests a complex market dynamic for Ethereum investors. Ethereum ETF Outflows Continue On September 12, Ethereum ETFs reported another day of outflows, according to … Read more
On Thursday, Grayscale, a leading cryptocurrency asset manager, announced the launch of a new Trust designed to track the performance of Ripple’s native token, XRP. This development has raised speculation about the potential for an XRP exchange-traded fund (ETF), given Grayscale’s history of converting other Trusts into spot ETFs. XRP Price Surge and ETF Speculation … Read more
In a significant development in the legal arena, Kraken has formally requested a jury trial in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). The prominent cryptocurrency exchange is standing irm against the SEC’s allegations, arguing that it has not engaged in illegal conduct and challenging the regulator’s authority over digital assets. … Read more