Markets

The launch of EFUT marks the company’s second foray into the futures ETF market. US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies. According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE: EFUT) is structured as a C-Corporation. The investment vehicle is designed to be the sole ETF focused on ETH...

The cryptocurrency market recently experienced a sudden surge in different assets, including Ethereum, which saw a significant spike. However, as the price approaches a significant resistance level, there is a possibility of it being rejected. By Shayan Upon analyzing the daily chart, it is evident that Ethereum experienced an extended consolidation phase near the $1.6K support level. Eventually, with increased buying interest, the price surged towards the 100 and 200-day...

Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life sentence. On October 2, Ulbricht shared on social media his concerns about potentially spending the rest of his life “behind concrete walls and locked doors”....

In addition to the 15% price surge, Solana’s total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million. In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last 48 hours. Currently, SOL is trading at $24.19, representing a substantial 65% increase from its lowest price in 2023. This impressive price rally has...

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin...

Stellar lumen price is attempting a fresh increase from the $0.1108 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.1150 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1150 resistance zone. Stellar lumen price is trading above $0.1125 against the US Dollar,...

Ripple price is gaining pace above the $0.512 support against the US dollar. The price is now trading above $0.510 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5045 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $0.5100. Ripple price is rising above $0.5100 against the US Dollar, unlike Bitcoin. XRP price must stay...

Binance Labs – the investment side of the world’s largest and most popular digital currency exchange – has placed $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance Puts a Lot of Dough into Curve At the time of writing, Curve is valued at roughly $2.4 billion and witnesses a daily trading volume of more than $215 million on its investment platform, which seeks to help fans of decentralized finance (defi) trade assets for the...

The Japanese automobile manufacturer Honda has jumped into the cryptocurrency bandwagon by embracing several digital assets as payment options.  Interestingly, Ripple’s native token – XRP, and the popular memecoin Shiba Inu (SHIB) are among the supported ones. ‘Drive Into the Future’ With Crypto The Tokyo-based manufacturer of automobiles, motorcycles, and power equipment – Honda Motor Co. – partnered with the blockchain payment system FCF Pay to allow clients to lease or...

After a period of consolidation, Bitcoin has shown positive signs by reaching its previous swing high amidst market uncertainty. However, as the price approaches a critical resistance zone, there is a possibility of a rejection. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Bitcoin appeared to be stuck around the $25K mark, providing little indication of its future direction. Nevertheless, a bullish divergence between the price and the RSI indicator,...