Markets

The previous week was dominated by news and developments on the spot Ethereum ETF front, while the current one was taken over by Bitcoin exchange-traded funds. It almost felt inevitable after the launch of all US spot Bitcoin ETFs in early January that the BlackRock product will surpass that of Grayscale, which was actually converted from the former BTC Trust. Grayscale’s GBTC saw substantial outflows ever since it first reached the US markets, while BlackRock’s IBIT kept...

[unable to retrieve full-text content]CoinspeakerLawyers Net Over $820M in High-Profile Bankruptcy Cases Despite the surge in legal fees from cryptocurrency bankruptcy cases filed in 2022, the demand for bankruptcy lawyers in the crypto economy has grown significantly. Lawyers Net Over $820M in High-Profile Bankruptcy Cases

Amidst market activity following the approval of Ethereum spot ETFs, top altcoin Ethena (ENA) is approaching the $1 price level. At the same time, dog-themed meme coin Shiba Inu (SHIB) experiences a strong rally to enter the top 10 crypto list. Meanwhile, investors are flocking to Algotech’s (ALGT) token presale as it showcases an impressive uptrend. Let’s explore which coin is best to buy now among ALGT, ENA, and SHIB. Algotech (ALGT) Presale Stage 3 Sells Over 30% Tokens Algotech (ALGT) is...

As the crypto market buzzes with the anticipation of the Memeinator listing today, scepticism persists due to the recent instability in market entries similar to Retik. In sharp contrast, BlockDAG has demonstrated remarkable growth, successfully raising $36 million through its presale, highlighted by a major keynote event at Shibuya Crossing. This event showcased BlockDAG’s advanced mining technology. It confirmed its strong market position by generating $2.8 million from mining rig sales,...

The fluctuating crypto market has investors eyeing three key coins—Solana (SOL), Litecoin (LTC), and BlockDAG (BDAG). Solana might face downward trends but holds the potential for big gains with a possible Solana ETF approval. Litecoin exhibits strong bullish signals due to solid fundamentals and positive on-chain metrics. Yet, BlockDAG’s recent roadmap updates, Ethereum Virtual Machine (EVM) integration, and user-friendly features make it an attractive choice. Its successful presale and...

Leveraging the capabilities of Chainlink CCIP, DTCC’s Smart NAV pilot represents a significant advancement in blockchain application, boosting data interoperability across various platforms. At the same time, Ethereum’s market presence is being bolstered by the approval of Ethereum ETFs.  Yet, the real star is BlockDAG, whose recent keynote at Shibuya Crossing has driven its presale to an impressive $36 million and sparked $2.83 million in mining rig sales. With a price of $0.0095, BlockDAG...

In May 2024, the stablecoin ecosystem rebounded, achieving a market capitalization of $161 billion, marking a 0.63% increase from the month’s outset. According to CCData, this marks the highest level since April 2022, following eight months of steady growth. Tether Dominates as Stablecoin Market Rebounds While the stablecoin market has been surging, its dominance slightly dropped from 7% in March to 6.07% this month. The fall was due to crypto assets recovering in price after...

This year saw an explosion of meme coin launches, many of which have questionable ties. In fact, Lookonchain’s data effectively highlights the perils of trading meme coins, especially those endorsed by celebrities, with the latest spotlight on American celebrity Caitlyn Jenner’s JENNER, which was launched on the Solana blockchain. JENNER Memecoin Pitfall Despite several market participants questioning the legitimacy of the token, some traders still went on to buy and trade...

Blockchain analysis firm Nansen has identified DBS Bank, one of Singapore’s largest banking institutions, as a cryptocurrency whale. According to Nansen, a crypto wallet reportedly owned by DBS Bank holds 173,753 Ether (ETH), valued at around $650 million at the current market price. DBS Sitting on a $200M Profit? Nansen’s analysis states that the address, flagged on May 30, has already generated a paper profit of $200 million from its Ether holdings. We’ve identified this...

TL;DR Shiba Inu (SHIB) experienced a significant price spike earlier this week, briefly surpassing Cardano (ADA) in market cap and becoming a top trend in the crypto community. However, its price soon dropped amid an overall market correction. SHIB’s Latest Achievement The price of Shiba Inu (SHIB) spiked by double digits on May 29, turning into one of the best performers in the sector. Its market cap temporarily crossed the $17 billion mark, and the asset briefly flipped...