Traders’ positions are reflecting a moderate level of excitement in the market regarding the upcoming launch of spot Ethereum ETFs. While the week may have been relatively uneventful, the expectations surrounding these funds are high. Analysts at K33 Research are predicting that the arrival of Ethereum ETFs could potentially follow a similar explosive path as
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In the midst of a turbulent regulatory environment, Binance Coin, the native token of the world’s largest cryptocurrency exchange, has managed to defy the odds and emerge as a top performer in the market. Despite facing legal battles in multiple jurisdictions, including an ongoing dispute with Nigerian authorities and a hefty settlement deal with the
Binance, a global blockchain ecosystem and cryptocurrency exchange giant, has recently announced the launch of the inaugural Binance World Championship. With a staggering rewards pool of over $4.2 million, this competition is set to make waves in the world of cryptocurrency. The championship is not just about the prizes, but about celebrating the diverse range
The market seems to be underestimating the evolving attitude of Washington towards cryptocurrencies, according to Bitwise CIO Matt Hougan. In a memo dated June 4, he pointed out that the political landscape in the US has been shifting towards a more positive stance on crypto in recent weeks. If the impact of this change had
Watford Football Club, a professional English football team, is set to make waves in the world of sports by offering 10% of its equity to investors, including its fans. This groundbreaking move aims to raise approximately £17.5 million ($22.3 million) through a digital equity sale on the Republic and Seedrs platforms, marking a new era
In a groundbreaking partnership, Crypto.com and InterCellar have joined forces to introduce a new initiative in wine collecting: real-world asset tokenization. By leveraging blockchain technology, this collaboration aims to revolutionize the way wine collectors interact with their passion by enhancing liquidity, traceability, and accessibility in the wine trading market. The initial release of this initiative
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This decrease indicates that the two largest crypto tokens by market cap are potentially gearing up for substantial upward movements, as a supply squeeze looms. According to BTC ECHO analyst Leon Waidmann, Glassnode data shows that the
Binance recently made an announcement that it will be halting trading services for certain cryptocurrencies, which has caused a significant drop in the prices of those assets. Some of the tokens that will be affected include OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). Withdrawals for these assets will not be supported after
The price of Bitcoin has once again found itself in a choppy market, dashing any hopes of a swift breakthrough to new all-time highs. Despite this setback, recent on-chain data suggests that the current bull cycle may still have room to run, albeit at a slower pace. Let’s delve into the implications of Bitcoin’s recent
The recent failure to break above the $72,983 resistance level has caused the price of Bitcoin to drop significantly. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has led to a decline from $71,942 to $66,785 and a move below the SMA in both the 1-hour and 4-hour charts. This drop