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Ethereum (ETH)

Short Bitcoin ETFs Take a Hit With $1.9M in Outflows: Are Bears Losing Their Grip?

Investment in digital asset products continued to rise, with inflows reaching $1.35 billion last week, totaling $3.2 billion over the past three weeks. Trading volumes for Exchange Traded Products (ETPs) also saw a significant increase, up 45% week-over-week to $12.9 billion. However, this accounted for a lower-than-usual 22% of the overall crypto market volumes. Bitcoin Sees Inflows Amid Strong Market Sentiment According to the latest edition of CoinShares’ Digital Asset...

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Ethereum Turns 10: A Decade of Blockchain Revolution

Over the past ten years, Ethereum has transformed the blockchain landscape. From its initial coin offering to becoming the second-largest crypto by market cap, Ethereum has continuously evolved, implementing major upgrades like the shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions and cementing its position as a cornerstone of the Web3 ecosystem despite the emergence of several alternatives over the years. Ethereum’s 10-Year Journey Reflecting on its origins,...

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Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date

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...

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Italian Banks Conduct First Ever Blockchain-Based Bond Issuance Worth 25 Million Euros

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...

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Solana DEXs Take Over Ethereum in a Critical Metric: Can RCO Finance (RCOF) Help ETH Reclaim the Lead?

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...

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XRP Trade Volumes Overtook Bitcoin, Registering Up To 40% of Total Volumes on South Korean Exchanges

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...

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We Asked ChatGPT if Ripple (XRP) Can Become a Top 3 Cryptocurrency This Year

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,...

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