BlackRock has recently stated that they do not have any immediate plans to launch a Solana (SOL) ETF, despite the immense success of their Bitcoin and Ethereum spot ETFs that were introduced earlier this year. This decision leaves a gap for other asset managers to step in and compete in this area, with some already
Crypto
21Shares, a subsidiary of 21Shares AG, recently made headlines by announcing the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move aims to reinforce the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). By leveraging Chainlink’s decentralized computing platform, 21Shares intends to provide investors with a clearer
The US Securities and Exchange Commission (SEC) has made the decision to amend its original complaint against Binance. This move could potentially eliminate the need for the court to make a ruling on tokens that were previously classified as securities. The SEC’s filing on July 30th reveals that it has informed Binance, its US affiliate,
Shiba Inu, a popular meme coin, saw a 3% decrease in its price recently amidst a substantial plunge in the cryptocurrency market. This drop was attributed to the US government’s decision to move $2 billion worth of bitcoin holdings to another address, sparking concerns about a potential sell-off. However, despite this setback, there are indicators
Ripple’s XRP has shown a significant uptrend in recent weeks, climbing from less than $0.40 to over $0.63 before retracing below $0.55. Currently, it has been consolidating around $0.60. Some analysts have pointed out the tightening of the Bollinger Bands on a monthly chart, suggesting a potential large price movement. The tightness of the bands
Bitcoin, the flagship cryptocurrency, has been on a significant price surge recently, nearing its all-time high before facing rejection. One of the key factors contributing to this surge is the growth in market capitalizations of USDT and USDC. This growth has had a significant impact on Bitcoin’s price trajectory, indicating renewed market strength. By surpassing
Solana (SOL) has recently made headlines in the cryptocurrency market by becoming the fourth-largest cryptocurrency by market cap. With significant price gains propelling it to this position, SOL is trading around $192 with a market capitalization nearing $90 billion. This surge has surpassed Binance Coin (BNB) and placed SOL in a prime position to continue
During the Bitcoin 2024 Conference in Nashville, the Republican representative for Wyoming proposed a groundbreaking idea – establishing a strategic reserve of Bitcoin for the United States. This move, according to her, would not only diversify the country’s assets but also fortify the dollar as the global reserve currency. With families across the US struggling
Shiba Inu’s layer-2 blockchain solution, Shibarium, has recently hit over 6 million processed blocks, showcasing a significant resurgence in activity. These metrics, such as active accounts and daily transactions, have been on the rise, indicating a positive trend in the network’s performance. However, it is important to note that these numbers are still below the
Wong Ching-kit, a native of Hong Kong, has recently come into the spotlight of the International Criminal Police Organization (Interpol) due to his suspected involvement in various criminal activities, the most recent being a cryptocurrency scam amounting to over HK$3 million ($384,310). Known as the “Coin Young Master,” Ching-kit has had a troubled past with
