Ethereum (ETH)

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Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets recover. Preliminary figures from Farside Investors suggest that Friday, July 19, saw inflows of $384 million, with Fidelity leading the pack at $140 million inflows. This marks eleven consecutive trading days with a positive flow to these institutional investment products. Even Grayscale saw an inflow of $20 million to its GBTC spot ETF on Friday, the first positive flow day...

Italian public sector bank Cassa Depositi e Prestiti SpA (CDP) and Intesa Sanpaolo, Italy’s largest lender, conducted a transaction worth 25 million Euros using blockchain technology this past Thursday. With that, Intesa Sanpaolo invested in a bond worth that amount with a four-month maturity period. The transaction happened on the Polygon network, an Ethereum layer 2 blockchain. A press release issued by Intesa Sanpaolo read, “The bond, with a nominal value of €25 million, has a duration...

The world of decentralized finance (DeFi) has been a battleground for the top blockchain platforms, and the latest development has seen Solana DEXs overtake Ethereum’s in a critical metric – DEX volume metrics. As the Solana DeFi ecosystem continues to thrive, the question arises: Can RCO Finance (RCOF), a promising new project, help ETH regain its dominance in this crucial aspect of the DeFi landscape? Solana DEX’s Surge in Dominance Data from CoinEdition shows that Solana has...

South Korean exchanges saw XRP trading activity soar, even overtaking the largest cryptocurrency, BTC. The spectacle occurred as the US SEC (Securities and Exchange Commission) is expected to offer a resolution soon on the case it has going on against Ripple. XRP’s price rose by 20% during the same period its trade volume registered 40% of the total volume on Upbit, South Korea’s biggest crypto exchange. Bithumb and Korbit observed XRP registering 35% of their volumes. The occurrence...

TL;DR Ripple’s XRP has surged above $0.60, with a market cap of over $34 billion, making it the sixth-largest cryptocurrency. Future growth depends on several elements, one of which is the eventual outcome of the lawsuit against the US SEC. The Necessary Conditions Ripple’s XRP has been among the top-performing cryptocurrencies lately, with its price jumping above the $0.60 mark for the first time in more than three months. Its market capitalization exceeded $34 billion,...

Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held 48,298 BTC against a user balance of 44,872 BTC as of July 10th. The exchange’s wallets also contain 438,107 ETH and...

The WazirX hackers, purported to be part of the North Korean Lazarus Group, have converted the altcoins from their loot into ETH. Wallet activity shows $90.2 million worth of SHIB, $10.2 million of MATIC, and about $7.5 million of PEPE exchanged for ETH. As the hack concluded, the bad actors held $52 million in ETH. Now, that amount has risen to $201 million after the conversions. Spot On Chain, an on-chain insights firm, posted on X, “The total $ETH holding of #WazirX exploiter has risen to...

Bitcoin’s price surged back above $66,000 on Friday, reclaiming its highest market value since early June. The digital asset ripped from $64,102 at 13:27 UTC on Thursday up to $66,472 at 17:00 UTC. It trades for $66,332 at writing time. This is the highest price Bitcoin has achieved since early June, shortly after the Securities and Exchange Commission (SEC) approved Ethereum (ETH) spot ETFs for listing on national securities exchanges. Experts say the first set of Ethereum...

Industry insiders broke the news of the SEC mentioning July 23 as the date that ETH ETFs go live on US exchanges. With that date nearing, ETF issuers have begun offering discounts on their mentioned fees to attract high inflows from the get-go, with Franklin Templeton’s EZET fund taking the lead in the discount race. Franklin Templeton has waived the fund’s management fee for the first year or until it hits $10 billion in AUM (assets under management). Even then, the fee remains the lowest...