Tag Archives: News

Blast’s growth in TVL is indicative of most institutional investors’ bullish stance for Ethereum and the DeFi market. In a breakthrough moment for Layer 2 (L2) scaling solution, Blast Network, a new record has been set, surpassing a Total Value Locked (TVL) of over $900 million. Data from DefiLlama, a leading authority in monitoring and analyzing Decentralized Finance (DeFi) trends, revealed Blast’s contact address, launched by Blur founder Pacman, has about $928.35 million TVL. This...

“I think Bitcoin is going to go into the stratosphere,” Saylor commented when asked about Bitcoin’s 56% value surge since October. During a recent interview with CNBC, Michael Saylor, the Executive Chairman and co-founder of MicroStrategy Inc (NASDAQ: MSTR), expressed his unwavering confidence in Bitcoin’s (BTC) long-term path. He highlighted certain fundamental aspects that will position BTC as the digital equivalent of gold, making it a crucial component of institutional investment...

One of the major factors behind the Injective price increase is the surge in trading volumes for INJ perpetual futures contracts which recently surpassed $25.5 billion in 24 hours. The price of crypto asset Injective (INJ) has seen an impressive explosion in 2023, surging almost 3000% in the process. The rapid price rise has also brought the asset to new all-time highs ATH as it continues to trade in greens. Recall that the asset recently reached a $34.64 ATH on December 15 before...

BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news. Of the many companies that have been pegged to secure a Bitcoin ETF approval in the United States, BlackRock seems to be the one with the best chance. From individual investors to the crypto market as a whole, everyone seems convinced that BlackRock will make history with the ETF by next year. The company has scored another coup in this...

The value proposition of RepubliK goes beyond mere token transfer as users can experience a full-blown social media content-sharing ecosystem that rivals what is on offer on Instagram and TikTok among others. SocialFi startup RepubliK has entered into a strategic partnership with The Open Network (TON) in a bold attempt to bring the dissimilar worlds of Web 2.0 and Web 3.0 together. As contained in a Press Release shared with Coinspeaker, the collaboration will kick off fully in the...

In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. As per regulatory filings on December 18, the SEC postponed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF shall hold both spot Ether and...

ADA price started a downside correction from the $0.700 zone against the US Dollar. The price is now trading above $0.55 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5803 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.620 and $0.650 resistance levels. Cardano’s price is consolidating above $0.550 against the US Dollar, like Bitcoin. ADA...

Ethereum price is eyeing an upside break above the $2,265 resistance against the US Dollar. ETH price is now trading near $2,250 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $2,265 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,150 support zone. Ethereum price is consolidating above the $2,150 level against the US Dollar. ETH/USD could rise again...

The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate.  Bitcoin (BTC) mining company Hut 8 has entered into an interim agreement with the bankrupt crypto lender Celsius Network to construct and deploy new mining operations in Cedarvale, Texas. This collaboration is a key component of Celsius’s ongoing bankruptcy proceedings, designed to foster positive relations with its...

OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3 million on OpenSea. This surge centers around Ordinals – unique NFTs built on the Bitcoin blockchain that have recently taken the...