Recent trading activity of Bitcoin ETFs indicates a slowdown in outflows from Grayscale’s Bitcoin Trust (GBTC). This change comes as investor concerns regarding Grayscale’s Spot ETF appear to be easing. The entire ETF sector continues to experience significant trading volumes and rapid growth in assets under management, pointing to a positive trend in the market.
Crypto
The recent -5.3% price drop in the Helium network has raised concerns among investors. Despite impressive growth in the past three months, with HNT price climbing +227%, the current market price of $8.18 represents a 24-hour change of -2.34%. The retreat from a local high at $11.05 on February 15th has led to a -25%
The recent surge in FOMO coin’s price, with an impressive +80,114% increase, has attracted a lot of attention. However, this kind of dramatic price action is often characteristic of meme coins, which are known for their pump-and-dump cycles. The initial hype and fear of missing out lead to a surge in price, followed by a
Following the suspension of its website and trading application on Feb 23, Hong Kong-based crypto exchange BitForex has left users in the dark. With over $2 billion in trading volume as recently as Feb 24, the sudden disappearance of the exchange has raised eyebrows. Data analysis suggests that BitForex may have inflated its volumes by
The price of Ethereum (ETH) has skyrocketed to over $3,100, marking a significant increase in value. This surge comes at a time when other major cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and Cardano (ADA), have either remained stable or experienced minor losses in the past 24 hours. One of the main reasons behind ETH’s rally
The cryptocurrency world has been plagued by scams and thefts, leaving victims devastated by the loss of their digital assets. However, amidst this chaos, on-chain researcher ZachXBT has emerged as a beacon of hope for those who have fallen prey to cybercriminals. One of his most recent successes involved the recovery of stolen funds from
The recent approval of Binance’s guilty plea and the $4.3 billion settlement deal for breaching anti-money laundering (AML) and sanctions laws by a U.S. federal judge has sent shockwaves through the cryptocurrency industry. The U.S. Department of Justice (DOJ) had been investigating Binance over the past few years, alleging violations of the Bank Secrecy Act
Bitcoin’s price surge from under $20,000 to over $50,000 since June 2023 has been attributed to the anticipation and approval of spot Bitcoin ETFs in the United States. While institutional investors have shown great interest in Bitcoin, retail traders have not fully joined the market. The question now arises whether the arrival of retail investors
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a topic of intense discussion within the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand,
The price of Ethereum has been on an upward trajectory since the beginning of 2024, showing a significant increase of over 30% in less than two months. Recent on-chain data indicates that ETH investors are feeling more confident in the market, suggesting that the rally in Ethereum’s price may continue. An analyst on CryptoQuant’s Quicktake