The approval of spot Ether ETFs brings in “another line of defense for Bitcoin,” argues MicroStrategy founder Michael Saylor.
Whale Activity Surges Amid Ethereum ETF Approval Anticipation
Bloomberg ETF analyst James Seyffart has forecasted that demand for spot Ethereum ETFs could reach 20% to 25% of that for Bitcoin ETFs. This prediction stems from Ethereum’s market size, which is roughly 30% that of Bitcoin. However, Ethereum ETFs have limitations, including the inability to stake and leverage on-chain utility. Bloomberg ETF analyst James […]
Teneo Deposits 1.035M STRK To Binance Amid 3AC Liquidation Efforts
In the latest development surrounding the liquidation of Three Arrows Capital (3AC), Teneo, the appointed liquidator, has made significant moves with their STRK holdings. Over the past 24 hours, Teneo deposited another 1.035 million STRK tokens to Binance, valued at approximately $1.25 million at a price of $1.202 per token. This follows a series of […]
Solana Memecoin $CAT Soars 800% Amid Whale Activity
In a dramatic turn of events, Solana-based memecoin $CAT has surged 800% in the past hour, driven by significant onchain transactions. According to recent reports, a wallet suspected to be linked to Wintermute Trading spent 1800 $SOL (approximately $301.3K) to acquire 37.86 million $CAT. This move has already yielded an impressive unrealized profit of $886K […]
Bitcoin Poised For New All-Time High Amid Strong ETF Inflows
Bitcoin has experienced a sharp increase, surpassing $70,000 this week, and market sentiment is buzzing with speculation about its potential to set a new all-time high. Despite this optimism, there is uncertainty among traders about how much further Bitcoin can rise. One of the key drivers of this recent surge is the substantial net inflow […]
Aptos vs Polygon – Here’s where the race stands now
In terms of transaction activity, Aptos outshined Polygon and Sui by a considerable margin.
Sanofi, OpenAI, Formation Bio tap AI to boost drug-making processes
Sanofi says it will combine resources to develop “purpose-built” AI models for all stages of drug development, with a goal of becoming the leading pharmaceutical firm “powered by AI.” […] Read More… The post Sanofi, OpenAI, Formation Bio tap AI to boost drug-making processes appeared first on CoinGeek.
Ethereum Memecoin $PEPE Hits New All-Time High
In a bullish trading session, Ethereum’s largest capped memecoin, $PEPE, has surged 10% to reach a new all-time high of $0.00001577. This remarkable price increase reflects growing interest and investment in the memecoin. Prominent investor James Wynn, known on Twitter as jwynn.eth (@JamesWynnReal), deposited 491 billion $PEPE, worth approximately $7.54 million, into Binance. Wynn has […]
Binance Doubles Down on Low Float, High FDV: Calls for Action
There has been a growing concern regarding the increased traction of tokens with high valuations but low initial circulating supply, which has sparked discussions about the sustainability of upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have confirmed this trend, depicting an increasing number of tokens being launched with […]
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. […]