Ethereum has emerged as the frontrunner in the cryptocurrency market, reaping the benefits of the recent market downturn. Investors have seized the opportunity presented by the price weakness, resulting in a substantial inflow of $155 million over the past week. This surge in investment has propelled Ethereum’s year-to-date total inflows to an impressive $862 million,
Ethereum
The latest data from crypto asset manager CoinShares has revealed a significant uptick in investor confidence in the crypto market. According to the ‘digital asset fund flows weekly report,’ digital asset investment products saw a total of $176 million in inflows last week. This surge in inflow signals a strong positive sentiment across the board,
Atari, a pioneer in the gaming industry, has once again captured the charm of retro gaming by putting a modern twist on its iconic 1976 game, Breakout. This time, Breakout is making a comeback on the Ethereum layer 2 network Base, as part of Coinbase’s “OnChain Summer” promotion. This move by Atari showcases the company’s
Santiment, the cryptocurrency market intelligence platform, recently unveiled the top 10 digital assets with the most notable development activity over the last 30 days. Leading the list is Internet Computer (ICP), with an overall score of 570.1. ICP is the second-largest digital asset in the Artificial Intelligence (AI) realm, boasting a market capitalization of nearly
The past week was characterized by volatility in the cryptocurrency market, with spot Bitcoin and Ethereum ETFs experiencing fluctuations in inflows and outflows. Starting off on a negative note, the spot Bitcoin ETFs witnessed significant outflows, with approximately $240 million leaving the eleven funds. This trend continued into the new week, with $168.4 million being
The recent conclusion to the legal battle between Ripple and the SEC resulted in a much smaller fine than initially requested. The U.S. District Court Judge made a decision to impose a fine slightly above $125 million, as opposed to the $2 billion fine sought by the SEC. This decision was met with a positive
The debate between Ethereum and Solana has been reignited by a crypto analyst who recently evaluated the two cryptocurrencies to determine which one was superior. Peter Brandt, a well-known crypto trader and analyst, compared the fundamental characteristics, strengths, and weaknesses of Solana and Ethereum in a recent post on social media. Brandt’s analysis highlighted Ethereum’s
In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to
The cryptocurrency market has witnessed an impressive recovery as Bitcoin’s price surged past $60,000 and neared $63,000 for the first time since the weekend. The recent market-wide crash that occurred last week and on Monday saw BTC’s price plummet from over $66,000 to a 6-month low of $49,500. However, the asset quickly started to bounce
The addition of options features to Bitcoin exchange-traded funds (ETFs) in the US market is a highly anticipated development. Bloomberg ETF analyst, James Seyffart, has suggested that these features could be implemented as early as the third quarter. He mentioned the final deadline for a decision from the US Securities and Exchange Commission (SEC) is