A day after Grayscale withdrew its application for the Ethereum Futures ETF, CEO Michael Sonnenshien stated they had not given up yet. He stated that Grayscale will continue to focus on converting its Ethereum Trust (ETHE) into a spot Ethereum ETF. This is the same path they undertook while converting their Bitcoin Trust GBTC into […]
Stacks (STX) Eyes $2 as Trading Volume Jumps 36%
Stacks (STX), a Bitcoin layer for smart contracts has seen its trading volume jump by 36%, with its eyes set on the coveted $2 mark. Stacks Recent Performance In recent trading sessions, STX has emerged as a standout performer in the crypto space. According to the latest data from CoinMarketCap, the Bitcoin layer for smart […]
Thorchain (RUNE) Price Jumps 10% Defying Broader Market Slump, Here’s Why
RUNE, the native cryptocurrency of the decentralized liquidity protocol THORChain, surged by 10% in the last 24 hour moving against the broader market tide. As of press time, the THORchain (RUNE) price is trading at $5.92 with a market cap of just under $2 billion. Also, the daily trading volumes for RUNE have surged by […]
Here’s Why Dogecoin (DOGE) Price Is Falling
The throne of Dogecoin (DOGE), the King of meme coins, seems to have shaken up. The DOGE price has been slumping unprecedentedly in recent months. Spotlighting the reasons for Dogecoin price dip, a crypto analyst underscored that the hype around this meme crypto might be dying. Why Is Dogecoin Price Dropping? Crypto analyst Ali Martinez […]
Ripple & XRPL Labs Join Swirlds Labs & Algorand Foundation As Founding Members Of DeRec Alliance
In a significant gust of developments witnessed within the global crypto space, Ripple and XRPL Labs recently joined Swirlds Labs and the Algorand Foundation as the founding members of the DeRec Alliance, a digital asset recovery protocol. In a 2-year merger with the XRP-related entities on the Technical Oversight Committee (TOC), the joining of forces […]
MicroStrategy’s $3.2B Bitcoin Profits Boost Bitcoin Confidence Amid Halving Speculation
MicroStrategy, a leading player in the cryptocurrency market, has disclosed an unrealized profit of $3.2 billion on its Bitcoin investment. This substantial profit underscores MicroStrategy’s significant presence and success within the digital asset space. The announcement of MicroStrategy’s monumental profit highlights the company’s continued commitment to cryptocurrency investments and its adept navigation of the volatile […]
Ripple CLO Hails Bipartisan Pushback on SEC’s Anti-Crypto Rules
Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has praised bipartisan efforts in the U.S. House of Representatives to curtail the Securities and Exchange Commission (SEC) ‘s overreach in cryptocurrency regulation. On Wednesday, the House voted to overturn the SEC’s Staff Accounting Bulletin No. 121 (SAB 121), which mandates financial institutions to include the cryptocurrency holdings […]
Bitcoin ETF Demand Skyrockets, Outpacing Supply by 12.5X
In an appearance on CNBC’s Squawk Box, Anthony Pompliano, a well-known cryptocurrency advocate, shed light on the burgeoning interest from Wall Street in Bitcoin, revealing that institutional investors are purchasing Bitcoin ETF at a rate of 12.5 times greater than its daily production. This surge in demand comes as the cryptocurrency market anticipates the upcoming […]
Shiba Inu Burn Rockets 5500%, SHIB Price Braces For Rally?
In a significant development witnessed within the meme coin sector, Shiba Inu appears to have again seized the limelight as its burn rate surged over a whopping 5500%. Today, May 10, the meme coin’s burn tracker revealed that nearly 26 million SHIB was noted to be destroyed over the past day, injecting a dose of […]
Kraken Eyes To Enter Crypto ETF Custody Race Amid Spot Ethereum ETF Anticipation
After the Spot Bitcoin ETF race, the spree for Spot Ethereum ETFs is on. Amid the Ether ETF anticipation, it has been revealed that Kraken, the second-largest crypto exchange in the U.S., is eyeing to enter the crypto ETF custodian frenzy by following Coinbase’s lead. Kraken To Enter Crypto ETF Custody Arena? Currently, Coinbase serves […]