With spot Ethereum ETFs on the horizon in the United States, should existing Bitcoin ETF holders split their crypto holdings into ETH? In a Twitter thread on Thursday, Bitwise CIO Matt Hougan offered three reasons for why this might be a good idea. Why Bitcoin Holders Should Buy Ethereum The first, Hougan wrote, is for the sake of diversification. Since predicting the future of crypto is difficult, holding a stake in both leading assets can provide investors relief in case...
Read More »Traders Have Opened $1.6 Billion in BTC Short Positions
- Ad - Bitcoin traders are going in heavy on shorting BTC, expecting it to not cross $70,000 in the short-term. If it does, $1.6 billion in short contracts will be wiped out. The last time BTC hit that price was on June 8, after which it dropped to below $70,000 and went down even further to under $65,000. Despite that, the market looks incredibly bullish for BTC. BTC Open Interest (OI) stands 82% higher than it did during the start of the year. OI refers to the outstanding futures...
Read More »Ethereum (ETH) and Trending Meme Coin Top a Prestigious Ranking: Details
TL;DR Ethereum’s popularity surged after the US SEC closed a particular investigation related to the asset and Pantera Capital announced plans to invest $100 million in a spot ETH ETF. Other recently-trending cryptocurrencies include the Trump-themed DJT token, ENS, and Fetch.ai (FET), which saw a 30% price increase. Attracting the Most Attention The crypto market intelligence platform Santiment revealed that Ethereum (ETH) has witnessed the largest rise in trader interest...
Read More »Bitcoin, Ethereum, Meme Coins Shine With Higher Percentage of Profitable Holders
The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat. The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in profit, thereby demonstrating its continued dominance in the market despite the launch of a flurry of different types of tokens...
Read More »Aptos Labs Announces Partnership with NBCU to Transform Fan Experiences with Web3 and Blockchain
[PRESS RELEASE – Palo Alto, United States, June 20th, 2024] Multi-year agreement combines Aptos’ blockchain technology and Web3 onboarding guidance provided by Aptos Labs with NBCUniversal’s globally recognized media and entertainment brands. Aptos Labs today announced a long-term strategic development agreement with NBCUniversal aimed at revolutionizing fan experiences, loyalty and gaming through blockchain technology and Web3. The agreement will explore integrating...
Read More »Onchain Metrics Uncover Massive Bitcoin Transfers from Binance and OKX Amid Market Volatility
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Read More »Bitcoin Trader Fatigue Hits Record Levels as Price Awaits Rebound
Cryptocurrency investors have shown extreme levels of fear and uncertainty toward bitcoin (BTC) over the past month. According to on-chain data analysis firm Santiment, this extended period of negativity is unusual and could signal a potential buying opportunity for those who can endure the market’s inherent volatility. Record FUD Levels and Whale Accumulation Many investors are anticipating a rebound in bitcoin (BTC) prices after several weeks of stagnant trading. Despite...
Read More »Why This Coin Is a Must-Have for Your Portfolio
- Ad - Table of Contents Introduction PawFury: The Rising Star Solana (SOL) Polkadot (DOT) Aptos (APT) Conclusion IntroductionDiscovering hidden crypto gems can lead to significant returns. This article explores four altcoins worth considering for a solid investment strategy: PawFury, Solana (SOL), Polkadot (DOT), and Aptos (APT). PawFury: The Rising StarPawFury, a rising star in the crypto world, has captivated investors with its humor and innovative features. The coin’s presale has been a...
Read More »SIX Digital Exchange: Swiss Nationalbank to continue Helvetia Pilot wCBDC
wCBDC Pilot on SIX Digital Exchange to Continue Over the Next Two Years The Swiss National Bank (SNB) announced the continuation of the Helvetia Pilot focusing on tokenized securities settlement on SIX Digital Exchange (SDX) in Swiss franc digital central bank money for financial market participants (known as wholesale central bank digital currency – wCBDC). Today, the Swiss National Bank (SNB) announced the continuation of the Helvetia Pilot focusing on tokenized securities...
Read More »Toncoin (TON) Hits $620 Million in TVL Despite Market Downturn
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