The Ethereum (ETH) market is buzzing with anticipation as the long-awaited approval of Ethereum ETFs in the US inches closer. Experts predict a significant price surge mirroring the bullish run Bitcoin experienced after its ETF debut in January. Analysts point to a potential 60% increase in ETH value, fueled by increased demand similar to the … Read more
DigitalX Ltd., a technology and investment company specializing in blockchain technology, has received approval to launch a Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX). The DigitalX Bitcoin ETF, trading under the ticker BTXX, is scheduled to debut on July 12th, making it the second spot Bitcoin ETF listed on the ASX. This … Read more
The Australian Securities Exchange (ASX) is set to list its second spot Bitcoin exchange-traded fund (ETF), marking a significant step for cryptocurrency adoption in the country. The DigitalX Bitcoin ETF, trading under the ticker BTXX, is scheduled to debut on July 12th, following closely behind the VanEck Bitcoin ETF which launched in June. This development … Read more
The cryptocurrency market has been experiencing a downturn in recent weeks, with Bitcoin’s price drop causing a ripple effect throughout the altcoin market. This has led to a situation where the market is not only failing to enter an “Altcoin Season,” but it’s not even seeing an “Altcoin Month.” What is Altcoin Season? Altcoin Season … Read more
The number of active cryptocurrency traders in Japan is expected to surge to 500,000 by the end of 2024, according to a recent industry report. This significant increase highlights the growing interest and adoption of cryptocurrencies in the country. Several factors are contributing to this projected growth. Japan has established itself as a leader in … Read more
Cryptocurrency exchange Bybit is offering users a chance to get their hands on Hamster Kombat’s token (HMSTR) before it hits the mainstream market. Bybit announced the listing of HMSTR on its Bybit Pre-Market Trading platform on July 8, 2024. Bybit’s pre-market platform allows users to trade new tokens before their official listing on the exchange’s … Read more
Cryptocurrency exchange OKX is expanding its offerings with the addition of Xraders (XR) to its spot trading market. This news comes as a positive development for both OKX users and the Xraders project. Here’s a breakdown of the key details: Depositing XR starts: July 8, 2024, at 6:00 AM UTC XR/USDT trading begins: July 11, … Read more
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has been experiencing a significant price drop recently. While the broader market downturn plays a role, two specific factors are causing additional concern: whale activity and delays in the approval of a spot Ethereum ETF (Exchange Traded Fund) in the US. Whales on the Move: Large … Read more
Binance, the world’s leading cryptocurrency exchange, is giving the boot to four altcoins: BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastar (POLS). Effective July 22nd at 3:00 UTC, these tokens will be delisted from the platform, leading to a significant drop in their trading activity and market value. Reasons for Delisting Remain Unclear Binance hasn’t … Read more
Cryptocurrency analysis firm Santiment is signaling a potential short-term upswing for several major altcoins. Their analysis hinges on a metric known as Market Value to Realized Value (MVRV). Simply put, MVRV compares the total market value of a coin to the total value of all its coins at the price they were purchased. When MVRV … Read more