The upcoming US presidential elections feature a diverse range of candidates, including Donald Trump, Kamala Harris, Robert Kennedy, and others. The tension surrounding the elections is palpable, with voters preparing to make their decision in less than four months. Recent polls indicate that Trump and Harris are leading the race, with Kennedy lagging behind with
Crypto
Ferrari, the renowned Italian luxury sports car manufacturer, has recently announced its plans to expand its cryptocurrency payment system to its network of European dealers starting from the end of July. This expansion is part of the company’s broader strategy to make crypto transaction options available in more countries within its global dealership network by
The spot Ethereum ETFs have been officially launched after receiving approval from the SEC a few months ago. However, the immediate results have been quite underwhelming, leading to comparisons with the launch of spot Bitcoin ETFs earlier this year. While the nine spot Ethereum ETFs saw a solid first day with over $106 million in
The year 2024 has proven to be quite eventful for the cryptocurrency industry, especially in terms of Ethereum and its Exchange-Traded Funds (ETFs). While Bitcoin remains a dominant force, Ethereum also received significant validation earlier in the year with the approval of several ETFs tracking its performance by the US Securities and Exchange Commission. The
In a recent speech at the BTC Conference, Jan van Eck, CEO of VanEck, emphasized the numerous advantages of Bitcoin as an asset class. He mentioned that a significant portion of his own investment portfolio, ‘way over 30%’, is allocated to Bitcoin. This is a strong statement coming from a prominent figure in the financial
In a recent interview with Custodia Bank CEO Caitlin Long and YouTuber Scott Melker, Kennedy proposed an interesting idea for the federal government to start buying Bitcoin until its holdings match the value of the nation’s gold reserves. This would mean acquiring roughly 9.4 million BTC, which is approximately 45% of the total Bitcoin supply.
In the world of cryptocurrencies, Ethereum has had a tumultuous week. Despite the launch of several Ethereum ETFs, the price of ETH plummeted by over 10%. This significant drop not only turned the ETF launch into a “sell-the-news” event but also transformed the $3,300 support level into a formidable resistance. Without a swift recovery to
On July 26, a significant number of Bitcoin options contracts are set to expire, totaling around 61,200 contracts with a notional value of approximately $4.26 billion. This expiry event is larger than usual due to it being the end of the month. Despite the recent excitement surrounding the launch of spot Ethereum ETFs in the
In a remarkable turn of events, a Bitcoin mining device with a hashrate of just 500 gigahashes per second (Gh/s) managed to successfully mine a block on July 24. This accomplishment is truly extraordinary considering that the odds of such a device mining a block approximately every ten minutes are as low as 1 in
The second day of trading for the spot Ethereum ETFs saw a significant withdrawal of more than $133 million from the largest financial vehicles. This led to a massive price drop in the underlying asset, with Ethereum’s price falling by 10% in a day. The initial reports suggesting that the approvals might result in a
