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Tag Archives: News

ETH ETFs Got Off to a Great Start But Lacked the Vigor of BTC ETFs

As ETH ETFs launched on July 23 with tremendous anticipation, many were anxious about its performance. However, they did great in the eyes of analysts and market observers, raking in about $107 million on their first day of trading. Bloomberg’s James Seyffart left an update on X, “First full day of flows for the ETHness stakes are in. The Ethereum ETFs took in $107 million.” BlackRock’s and Bitwise’s funds led the inflows. “@BlackRock’s $ETHA lead the way with $266.5 million followed by...

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Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out

The recent exit of President Joe Biden from the 2024 presidential race has sparked a significant rise in the value of a meme coin dedicated to Vice President Kamala Harris. The coin, known as KAMA, soared to an all-time high of $0.025 shortly after Biden’s announcement. Currently, KAMA is trading at $0.01741, with a market cap of $24 million. This increase has made KAMA nearly four times larger than BODEN, the meme coin initially inspired by Biden. On the other hand, BODEN has dropped nearly...

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Crypto Liquidations Surged 150% Amid US Election Saga

Data supplied by Coinglass, a globally renowned platform for crypto data analysis, has shown that the crypto liquidity surged by 150% since President Biden announced that he’s stepping down in the presidential race. Vice President Kamala Harris was chosen as the replacement, but that didn’t change anything as the crypto market experienced a small downward momentum. Statistics Show That Bitcoin Leads the Chart According to Coinglass, Bitcoin sat atop the charts with $49.5 million in...

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BTC Dropped to $65,500 as Mt. Gox Creditors Received Funds Via Kraken

BTC saw a 4% decline to $65,500 in value on Tuesday as Kraken sent funds, which constitute repayments, to Mt. Gox creditors. The defunct Mt. Gox, overseen by its bankruptcy estate, has chosen multiple exchanges to ensure prompt reimbursements to those who lost their funds in 2014 when it went bankrupt due to hacks that persisted for two years. Chosen exchanges, besides the obvious Kraken, include Bitstamp, Bitbank, BitGo, and SBI VC Trade. While Mt. Gox is working on moving funds to all of...

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BlockFi Submits Plans to Refund Customers and Creditors In Full

Defunct lending platform BlockFi has secured claims from FTX, allowing it to repay customers and creditors whose funds were tied because it failed in 2022. Its plan administrator, Mohsin Y. Meghji, submitted a report to the U.S. Bankruptcy Court for the District of New Jersey, stating BlockFi closed a transaction, letting it monetize about $874.5 million. According to a press release issued by the firm, “Following the settlement with FTX in March 2024 that allowed BlockFi to receive $874.5...

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