Bitcoin (BTC) experienced its most significant single-day loss since November 2022, plummeting over 8% on Tuesday. This sharp decline, according to Farside, coincided with record outflows from spot exchange-traded funds (ETFs), exacerbating the cryptocurrency’s downward spiral. The recent price decline has been driven by various factors, including significant outflows from spot exchange-traded funds (ETFs), as […]
In the past 30 days, Ether (ETH) has seen an impressive 58% rally, outperforming the broader cryptocurrency market by 14%. Despite struggling to sustain levels above $4,000, Ether hit its highest price in over two years, narrowing the gap with Bitcoin (BTC), which currently sits at $73,178. ETF Optimism and “Sell the News” Scenario Speculation […]
Bloomberg ETF analyst Eric Balchunas has expressed growing concerns over the approval prospects of Ethereum exchange-traded funds (ETFs) as the U.S. Securities and Exchange Commission (SEC) maintains radio silence with issuers. With only 73 days left until the final deadline in May, the lack of communication from the SEC has led Balchunas to downgrade the […]
Ethereum co-founder Vitalik Buterin reassures that Ethereum stands “well-positioned” to counter a potential quantum computing attack on its network. Buterin asserts that developers could promptly create the necessary technology to make Ethereum quantum-resistant. It is offering a solution in the event of a quantum emergency. “I argue that actually, we are already well-positioned to make […]
The price of Bitcoin has once again breached the $70,000 threshold, marking the second occurrence within a span of a few days. The cryptocurrency surged to an intraday high of $71,587.053, reflecting a 2.4% increase, according to The Block’s latest data. Bitcoin initially surpassed the $70,000 mark on March 8, only to experience a rapid […]
Despite a recent sell-off in Bitcoin, Ethereum (ETH) has exhibited remarkable strength, surging to a new year-to-date high of $3,822 on March 5. This represents an 8% increase in the last 24 hours. This marks a 15% rise over the past seven days and an impressive 132% surge in the last six months. The cryptocurrency […]
Grayscale, unveiled its latest offering on Tuesday – the Grayscale Dynamic Income Fund (GDIF). This innovative fund, designed as the company’s inaugural actively-managed crypto fund, focuses on optimizing staking rewards for investors. GDIF aims to stake various cryptocurrencies and distribute the resulting earnings to investors on a quarterly basis in USD. Grayscale CEO Michael Sonnenshein […]
1. EigenLayer’s total value locked (TVL) has surged past $10 billion, experiencing a remarkable tenfold increase from $1.1 billion year-to-date. 2. The growth is fueled by continuous ether deposits, through liquid restaking protocols, with the rising price of ether. 3. EigenLayer’s unique protocol allows users to deposit and “re-stake” ether, aims to secure third-party networks. […]
1. Blast’s mainnet unlocks $2.3B in Ether and stablecoins, overcoming controversy. 2. Users enjoy native yields, accumulating points for future token conversion in May. 3. Blast now ranks seventh globally and second among Ethereum layer 2 networks, with $50M already traded. Blast, an Ethereum layer 2 blockchain, has officially launched its mainnet. It is introducing […]
1. Analysts predict Solana’s bullish run, eyeing $600 amid the current crypto market boom led by Bitcoin. 2. Similar to Ethereum’s past trends, Solana’s potential rise is tied to Bitcoin’s expected prolonged bull run toward $150,000. 3. Solana showcases strong fundamentals with rising TVL and notable on-chain activity. Independent market analyst Hansolar suggests that Solana […]