Bernstein, a global asset management firm, recently expressed confidence in the approval of an Ethereum Spot ETF by the US Securities and Exchange Commission (SEC). The analysts at Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum has a strong chance of being the second digital asset after Bitcoin to receive a Spot ETF approval
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In a groundbreaking sale that has caused waves in both the blockchain and art communities, a complete set of 10 Autoglyphs recently changed hands for a remarkable 5,000 ETH. This purchase, valued at around $14.6 million, has set a new record for the highest NFT sale in the last two years, making it the fifth-largest
Ethereum has recently broken through the $2,900 level, showcasing a strong surge in price over the past 24 hours. While Bitcoin has been experiencing a sideways trajectory, Ethereum has taken its own path, surging almost 4% in a day. This push has brought Ethereum to touch the $2,900 mark for the first time since May
In a recent strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation. This decision, revealed during a press conference on Feb. 19, aims to explore the possibility of postponing the commencement
As the cryptocurrency market continues to evolve, investors are constantly on the lookout for quick near-term gains. While blue-chip cryptocurrencies like Bitcoin may offer stability, micro-cap markets present an opportunity for exponential growth in a short period of time. These markets are often characterized by tokens with small market capitalizations and limited liquidity, making them
Yuga Labs, known for its groundbreaking work in the Web3 space, has recently made a significant move by acquiring PROOF. This innovative platform, which focuses on art and community engagement, has now become a part of Yuga Labs’ ever-expanding ecosystem. The acquisition not only includes the team and intellectual property of PROOF but also its
The landscape of the US Bitcoin industry is currently facing an uncertain future as various factors come into play, threatening to shift the paradigm in a way that may not be favorable for the industry as a whole. With the looming presence of a Bitcoin ETF controlled by major financial institutions and the potential legislation
Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
Cardano’s price recently broke through the $0.61 barrier on Feb. 16, marking a significant milestone for the cryptocurrency. What’s interesting is the unusual trend observed in the derivatives market, indicating that more bullish action could be on the horizon. While Cardano (ADA) has emerged as one of the best-performing mega-cap crypto assets in recent times,
VeChain has experienced a significant surge in price recently, with a 24-hour change of +6.23% and a total increase of +74% in VET price over the past six consecutive days. This uptick in price is attributed to the anticipation of a major update set to be released at the Mobile World Congress later this month.