Tag: Crypto

Over the past 24 hours, Lido Staked Ether’s (CRYPTO: STETH) price has fallen 4.24% to $2,439.49. This continues its negative trend over the past week where it has experienced a 6.0% loss, moving from $2,625.87 to its current price. The chart below compares the price movement and volatility for...

The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors...

Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), joined Sony Block Solutions Labs to support developers and creators on Sony’s public Ethereum Layer-2 (L2) blockchain, seeking to simplify users’ experience and open opportunities by bringing automation to Soneium. Automation Arrives At Sony’s Ethereum L2 Blockchain Ava Protocol and...

Whale crypto trader Eugene Ng Ah Sio outlined his approach on trading cryptocurrencies in times of global uncertainty, hinting at a contrarian strategy. What Happened: The trader said on X (formerly Twitter) he is selling when everyone is aggressively buying altcoins and starting to buy when people begin to...

Bitwise Asset Management has officially filed for a spot XRP exchange-traded fund (ETF) with Delaware’s Division of Corporations on September 30. The filing encompasses the registration for establishing a Delaware statutory trust, a business-oriented trust recognized under Delaware state law. This strategic move aligns with precedents set by prominent...

Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust....

Charles Edwards, founder of Capriole Investments, sees a bullish outlook for Bitcoin (CRYPTO: BTC) driven by improving macro conditions and the impact of spot ETFs. What Happened: In an interview on the Blockworks Macro podcast, Edwards highlighted that the market is at “the exact opposite point” of November 2021,...

Bitcoin (CRYPTO: BTC) miner Marathon Digital Holdings Inc (NASDAQ:MARA) on Wednesday released a production and mining operations update. What Happened: Marathon Digital mined 705 Bitcoin in September, up 5% from August. The company’s total Bitcoin holdings were 26,842 at the end of the month after opting not to sell...

Economist and macro trader Alex Krüger voiced caution about the sudden market optimism, coined as “Uptober”, highlighting the looming uncertainty of the U.S. election year and its potential impact on market volatility. What Happened: Krüger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was...

On-chain data shows the Bitcoin Active Addresses have continued to see a steep decline recently, a sign that could be bearish for BTC. Bitcoin Active Addresses Have Recently Seen Their Biggest Drop Since 2021 As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC Active Addresses...