TL;DR Digital asset investment products saw inflows of $176 million, with Ethereum leading with $155 million in inflows. Bitcoin short ETPs saw significant outflows of $16 million, reducing their assets under management to the lowest level of the year. Trading activity in exchange-traded products (ETPs) was significantly higher than usual, reaching US$19 billion in the […]
Breaking: Coinbase Challenges SEC’s Expanding Exchange Definition
Crypto trading giant Coinbase Exchange has challenged a recent proposition by the United States Securities and Exchange Commission (SEC) to expand the definition of exchanges. Taking to the X social media platform, the trading firm’s Chief Legal Officer (CLO) Paul Grewal pointed out that it has lodged an official opposition to the new blanket definition. […]
Dogecoin Price Analysis: $1.4B DOGE at Risk If Price Falls Below This Level
Dogecoin price broke out of a falling wedge in the early hours of Monday Morning, signaling a bearish reversal. The 4-hour price chart shows DOGE has gotten some relief from the downtrend as the price has picked up over the last few hours. However, DOGE price is not out of the woods yet, as Futures […]
XRP Options Soar on ETF Hopes: Traders Lock in $2M on $1.10 Call—What’s Driving the Surge?
TL;DR XRP options activity surges: The $1.10 call option for XRP, expiring on August 28, leads with 4,347,000 contracts valued at $2.44 million, reflecting high market interest. Potential ETF influence: Analysts speculate that the surge in options activity may be linked to hopes for a US-based XRP ETF, especially after Ripple’s partial court victory against […]
Optimism Suffers 21% Loss – Will On-Chain Activity Regain Investor Trust?
Losses mount for Optimism as the market suddenly flips from bullish to bearish, wiping significant gains made after it rebounded last week. According to CoinMarketCap, the token is down over 21% since last month, putting significant pressure on investors as the market continues with its choppy trading days. Despite the market’s hostility in the past […]
Just-In: El Salvador Announces $1.6B Investment in Bitcoin City
El Salvador has announced a $1.6 billion investment in its Bitcoin City garnering new momentum across crypto spaces. Turkish company, Yilport Holdings will invest $1.6 billion in two ports at Acajutla and La Union, the home of the proposed Bitcoin City. Dubbed a Bitcoin city infrastructure investment by crypto enthusiasts, the port development will drive […]
Binance To Delist These Crypto Spot Pairs, What’s Next?
Binance has announced the delisting of several crypto tokens from its platform. This is set to take effect on August 26, 2024. This decision affects six tokens across multiple trading pairs, signaling a major shift in their asset offerings. Binance Delisting Process The Titan crypto exchange has announced a significant update to its trading offerings. […]
Top 3 Bitcoin, Ethereum, Ripple Price Analysis: BTC Faces Downside Risks, ETH and XRP Rebound
Bitcoin (BTC) price commenced the week with a minor dip below $58,000, raising concerns about its future performance. On the other hand, Ethereum (ETH) price climbed higher, ready to tackle the next key resistance alongside Ripple (XRP) price bullish outlook. Bitcoin Price Fights to Reclaim Higher Support Bitcoin price corrected over the weekend amid fears […]
DeFi TVL Soars 3.5% in July: CORE, Scroll, and Mantle Lead with Massive Gains
TL;DR DeFi TVL Growth: The total value locked in DeFi surged by 3.5% in July, with CORE, Scroll, and Mantle leading the gains at 121.2%, 66.0%, and 30.9% respectively. NFT Market Decline: Despite overall market growth, the NFT market saw a 7.14% drop in sales, with DMarket and DogeZuki on Solana leading the sales. Crypto […]
Ethereum Whale Spend $1.7m on Two Exciting Memecoins PEPU and MPEPE
In a high-profile move that has captured the attention of the cryptocurrency community, an Ethereum (ETH) whale has invested a staggering $1.7 million in two promising memecoins: Pepe Unchained (PEPU) and Mpeppe (MPEPE). This bold investment underscores the growing interest in innovative memecoins and highlights the strategic choices of high-net-worth individuals in the Ethereum (ETH) […]