The cryptocurrency industry has seen significant developments in 2024, with a particular focus on Ethereum and the approval of exchange-traded funds (ETFs) by the US Securities and Exchange Commission. While these events have brought validation to Ethereum, the actual trading performance of the newly launched ETFs has been underwhelming. The approval of Ethereum ETFs earlier
2024
Ordlify, a no-code platform tailored for developing Bitcoin Ordinals collections, has recently announced its partnership with Magic Eden, a leading cross-chain NFT marketplace. This collaboration aims to enhance the overall experience for creators and collectors alike within the Bitcoin Ordinals ecosystem. By leveraging the Ordlify Creator Studio, artists and creators can now seamlessly design, manage,
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing for quite some time now. With the trial phase starting in April 2024, the case has seen both parties presenting necessary information and documents, adhering to court rules, and waiting for a resolution. Despite being in its final
The much-awaited Ethereum ETFs have finally made their debut in the market, signaling a significant milestone for Ethereum and other altcoins. Industry experts and enthusiasts are closely monitoring how these ETFs could potentially influence Ethereum’s price movements in the upcoming months. One prominent figure in the crypto space, known as Doctor Profit, has made a
The United States House of Representatives recently made a significant move by unanimously passing the Financial Technology Protection Act. The bill, introduced by Representative Zach Nunn in April 2023, aims to combat the use of digital platforms for illicit activities and terrorism financing. This legislation was approved on July 22, 2024, highlighting the government’s commitment
The recent positive inflows towards the largest spot Bitcoin ETFs in the US have not been enough to stabilize the price of the underlying asset. Despite initial gains, the price retraced significantly in the past day, dipping below $65,000 at one point. However, it has managed to bounce back and is currently hovering around $67,000.
Recently, a report from CoinShares revealed an interesting trend in the cryptocurrency market. Ethereum (ETH) witnessed a surge in inflows, outpacing Solana (SOL) for the year 2024. This surge came in anticipation of the launch of exchange-traded funds (ETFs) that would allow regulated investment in Ethereum in the US, the second-largest cryptocurrency by market capitalization.
10x Research recently made a bold statement regarding the potential impact of President Joe Biden’s withdrawal from the 2024 presidential race. According to the firm, this move would pave the way for former President Donald Trump to secure a “decisive victory” in the November election. They go on to assert that no credible candidate stands
The cryptocurrency market experienced a significant level of volatility on July 21, 2024, following Joe Biden’s announcement of his withdrawal from the 2024 presidential race. Various tokens linked to Biden and his family saw substantial declines, while those associated with potential Democratic replacements surged in value. The Joe Biden-linked Jeo Boden (BODEN) token, for example,
Bitcoin’s price experienced a positive reaction following President Joe Biden’s announcement that he would not be running for re-election in 2024. The cryptocurrency surged to a multi-week peak of over $68,000, showcasing its volatility in response to political news. In recent weeks, Bitcoin has undergone significant price fluctuations. From $58,000 to $65,000 after an assassination