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Strong Accumulation Demand for XRP as Ripple Price Tapped 4-Month High

XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has been a significant surge in the number of wallets holding at least 10,000 XRP over the past five weeks. According to the latest data shared by...

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Grayscale Launches Mini Spot Bitcoin ETF at ‘Ultra-Low’ 0.15% Fee

The crypto investment management company has launched a new product called the Grayscale Bitcoin Mini Trust, which has the ticker $BTC. The new offering, endorsed as a spin-off of Grayscale’s Bitcoin exchange-traded fund (ETF) GBTC, has a competitive, “ultra-low” fee of 0.15%. Grayscale’s New Spin-Off Fund Months ago, Grayscale filed for the Mini Trust fund with the United States Securities and Exchange Commission (SEC). The firm describes this spin-off product as a new fund...

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Ripple (XRP) and Solana (SOL) are Among the Top-Trending Cryptocurrencies Lately: Details

TL;DR BTC, XRP, and SOL are some of the top-trending digital currencies recently due to important factors that have sparked heated discussions. Other widely-discussed tokens as of late include Ethereum (ETH), Chainlink (LINK), and others. These are the Leaders The cryptocurrency market has passed through enhanced volatility in the past few days, affecting investor sentiment. Bitcoin (BTC), for one, reached a price of almost $70,000 on July 29 before plummeting below $66,000...

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Venom Continues Global Expansion with Listing on Coins.ph

Manila, Philippines, July 31st, 2024, Chainwire Venom Foundation is thrilled to announce that $VENOM is now listed on Coins.ph, the leading crypto platform in the Philippines with over 18 million users. This strategic move represents the next significant step in Venom’s global expansion efforts, particularly into the dynamic Southeast Asian market. Key Highlights Expanding Reach in Southeast Asia: Coins.ph provides a robust platform for $VENOM, offering increased accessibility to a vast and...

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21Shares Integrates Chainlink Proof of Reserve to Boost Transparency of Ethereum Reserves

21Shares – which is part of 21Shares AG – has announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. It improves the transparency of the Ethereum reserves backing the 21Shares Core Ethereum ETF (CETH), which is physically backed by Ether and tracks its performance. The Zurich-based financial institution said that the latest move aligns with its broader goals to expand its US product lineup and strengthen its presence in the US market. Boosting...

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SEC Plans to Amend Binance Complaint, Avoiding Ruling on Third-Party Crypto Asset Securities

The US Securities and Exchange Commission (SEC) plans to amend its original complaint against Binance, which might eliminate the need for the court to decide on tokens that were previously classified as securities. The joint filing comes amid increased efforts by presidential candidates to attract pro-crypto voters in the United States. SEC Moves to Amend Complaint The SEC’s filing on July 30th reveals that it has notified Binance, its US affiliate, and founder Changpeng Zhao...

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