In recent developments, the once-defunct cryptocurrency exchange Mt. Gox has begun repaying creditors impacted by the 2014 hack. This move has sparked interest and speculation within the crypto community, particularly regarding the potential impact on the market. Initially, there were concerns among crypto investors that the repayment of Bitcoin and Bitcoin Cash to Mt. Gox
Impact
Crypto exchange Bitstamp has taken a significant step towards returning recovered digital assets to creditors of the now-defunct Mt. Gox exchange. This development marks a crucial milestone in the decade-long struggle to compensate those impacted by the notorious 2014 hack that eventually led to the collapse of Mt. Gox. Bitstamp is just one of the
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 recent performance of the popular meme coin, Shiba Inu (SHIB), has been lackluster, with a significant drop of 13% in the past week according to CoinGecko’s data. Analysts are divided on the future trajectory of SHIB, with some suggesting further short-term declines while others remain bullish on its long-term potential. One analyst pointed out
The launch of Spot Ethereum ETFs in the United States on July 23 did not result in a positive start for Grayscale, the world’s largest crypto asset manager. The newly converted Ethereum Trust (ETHE) experienced a significant loss of $484 million on the first day of trading. This trend is similar to what occurred when
Pluto Studio, the GameFi publishing platform behind Catizen, has recently secured an investment from Binance Labs. This strategic partnership is set to bring major fund injections for ongoing initiatives on the Pluto Studio platform. The partnership aims to solidify the studio’s vision to lead the next wave of Web3 gaming. Part of the funds will
India-based centralized exchange WazirX recently experienced a significant exploit that resulted in the loss of nearly half of its assets, totaling over $230 million in user assets. Co-founder Nischal Shetty took to social media on July 23 to inform users about the breach and reassure them that the exchange is actively seeking partnerships to restore
The recent fluctuations in the Coinbase premium have caught the attention of analysts and investors alike, sparking discussions about institutional interest in Bitcoin. This article will delve into the significance of the Coinbase premium, recent trends, and the potential impact on the cryptocurrency market. The Coinbase premium serves as a crucial metric for gauging institutional
As the market eagerly awaits the launch of spot Ethereum ETFs, the approval of these investment vehicles has sparked a wave of expectations and speculation. Despite the anticipation surrounding this event, the price of Ethereum has remained relatively stable, showing no significant fluctuations in the lead-up to the trading debut. Market Sensitivity to Inflows from
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.