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
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In the midst of a crypto market recovery, Cardano holders find themselves in a precarious position. Data from IntoTheBlock reveals that Cardano is currently the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This disappointing performance has left many long-term believers and investors in despair, as the profitability
Cardano, once considered one of the largest cryptocurrencies in the market, has been facing significant challenges in recent months. This is evident from the substantial drop in its market cap, plummeting from over $90 billion in 2021 to a mere $15.9 billion as of Wednesday. The number of monthly developer commits has also dwindled, showcasing
JP Morgan, a prominent American multinational finance company, has recently expressed optimism about the future performance of Bitcoin, despite recent bearish trends in the market. The bank has provided a timeline for the conclusion of ongoing BTC liquidations, forecasting a potential rebound in the market. According to a research report released by JP Morgan, the
During a hearing on July 11, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla specifically pointed out that the request included Gensler’s statements before he assumed his role as SEC chair in 2021. Coinbase’s lawyer argued that the company
The recent transaction by an Ethereum whale transferring $34.3 million worth of ETH to the crypto exchange Coinbase has caused panic among community members. This move suggests that the whale might be looking to offload their holdings, potentially impacting ETH’s price significantly. Typically, such large transfers indicate a plan to sell tokens, leading to concerns
Despite the emergence of several blockchain networks offering lower fees and faster transaction times, Ethereum continues to dominate the market. Users seem willing to pay higher fees for the reliability and security that Ethereum provides. According to data compiled by Lookonchain, Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, with an impressive $2.728
The financial services company T-Rex Group has recently made headlines by filing for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This particular financial vehicle is expected to be one of the most volatile ETFs in the country, if approved by the Securities and Exchange Commission. The fund, named ‘T-Rex 2X
With the upcoming launch of the first Ethereum ETFs in the United States, industry experts are speculating about the potential impact on Ethereum’s price in the market. The US Securities and Exchange Commission (SEC) is expected to approve these ETFs by July 4, leading to discussions reaching their final stages. According to insider sources, the
Coinbase, a prominent player in the cryptocurrency market, is facing potential regulatory challenges over its compliance with new Financial Accounting Standards Board (FASB) rules. These rules, which were approved in 2023 and are set to take effect in 2025, shift the accounting and disclosure for crypto assets to a fair-value model from a cost-less-impairment model.