Markets

Crypto fanatics eager for a market-shattering Ethereum spot ETF launch may be in for an underwhelming surprise, according to Bloomberg ETF analyst Eric Balchunas. While the recent launch of multiple Bitcoin spot ETFs in the United States has proven phenomenally successful, Balchunas claims a follow-up launch for Ethereum would be “small potatoes” compared to the original. Do Ethereum ETFs Matter? In a post to X on Saturday, Balchunas wrote: “No offense to the ETH people but...

The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024. The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing its initial distribution either in late 2024 or early 2025, with all valid claims being expressed in U.S. dollars. PwC Announces Chapter 11 Settlement for FTX and Debtors In a statement, PricewaterhouseCoopers (PwC), the official liquidator overseeing FTX’s bankruptcy proceedings, disclosed that FTX...

Bitcoin’s price surged above $65,000 today, reaching its highest level since November 2021, as rumors about large investors accumulating the coin started to circulate. The coin’s rally continues to make headlines in the crypto market – and analysts now expect BTC to hit a new all-time high soon. Meanwhile, some traders are keeping a close eye on Green Bitcoin (GBTC), a brand-new project that combines the legacy of Bitcoin with the eco-friendliness of Ethereum. Bitcoin Soars...

TL;DR Binance adds new trading pairs, offering more diversity for users. The company has announced multiple updates as of late in response to market trends. The world’s leading cryptocurrency exchange will increase the number of trading pairs offered on Binance Spot. The ones available for users from March 5 include PEPE/FDUSD, UNI/FDUSD, OM/TRY, PIXEL/USDC, STRK/USDC, and THETA/TRY. Some of the involved cryptocurrencies like Pepe Coin (PEPE) and Mantra (OM) are well in the...

Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion. Data from CoinGecko shows that the stablecoin recorded a market cap of $100.24 billion on Monday at 9:15 UTC before returning to levels below $99.7 billion. USDT Hits $100B Market Cap Tether’s new all-time high comes just two months after the digital asset surpassed the $90 billion mark. CryptoPotato reported in December that the surge past $90...

CoinspeakerHungary Proposes New Bill to Allow Banks to Provide Crypto Services Hungary's move to embrace cryptocurrencies comes at a time when the global crypto market is making a comeback after a year-long market crisis. Hungary Proposes New Bill to Allow Banks to Provide Crypto Services

CoinspeakerFormer Binance Executives Unveil New Crypto Platform Blum Despite the challenges facing the crypto industry, Kostarev and Smerkis remain undeterred in their pursuit of establishing Blum as a dominant player in the market. Former Binance Executives Unveil New Crypto Platform Blum

Pepe has been on a steep climb over the last few days. On the monthly chart, the meme coin has recorded a 731% surge. While most meme coins are back in the spotlight, Pepe maintains a strong dominance. But how long? The frog-themed meme coin is on the verge of a cascade of price falls at the time of writing, having stretched its market cap to $3.16B. Can Pepe Sustain the Pump? The pre-halving frenzy has cast its spell across the market. But once again, meme coins have seized...

Ethereum is approaching its all-time high aggressively, with the price on an almost vertical rise. Yet, based on both technical and sentiment analysis, a correction in the short term is looking probable. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been blowing past several resistance levels since rebounding from the $2,200 level at the beginning of February. The market is currently testing the $3,500 resistance level and is yet to break...

CoinspeakerTether’s USDT Stablecoin Tops $100B Valuation for First Time Tether's market capitalization currently rivals that of the British oil and gas giant BP while making USDT the preferred choice in the crypto space to maintain stability in the volatile crypto market. Tether’s USDT Stablecoin Tops $100B Valuation for First Time