Two leading exchange-traded fund (ETF) providers have set their sights on launching the first spot Ethereum ETF in the U.S. after continued delays from regulators on approving a spot Bitcoin ETF. ARK Invest and asset manager VanEck filed proposals with the Securities and Exchange Commission (SEC) for Ethereum ETFs that would trade on CBOE Global…
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Pepe the Frog has inspired yet another meme token, as unknown developers unveiled Dork Lord (DORKL) Wednesday shortly after Pepe creator Matt Furie tweeted some Star Wars-themed artwork featuring the iconic amphibian character. Listed anonymously on Uniswap, DORKL pays homage to Furie’s Pepe though the artist does not appear to be formally involved with the…
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There’s been a noticeable divergence between Bitcoin and the stock market in recent months, which could presage an economic recession, according to Bloomberg strategist Mike McGlone. He pointed out that after months of outperforming the Nasdaq 100 index, Bitcoin dropped 15% in the third quarter, while the Nasdaq went up by 2%. In light of…
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The newest layer two (L2) blockchains are being adopted at record speeds, with some reaching one million users within weeks rather than months, according to a study by Coingecko. L2 Blockchains Hit One Million Users Faster Than Ever, Coingecko Study Shows A layer two (L2) blockchain runs alongside an existing blockchain like Ethereum to improve…
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Bitcoin exchange inflows have reached one-month highs according to data from Glassnode, signaling increasing selling pressure as the price of Bitcoin has fallen below $26,000. The one-day moving average of bitcoin’s exchange net flow reached $9.75 million on August 16, marking the highest level seen in the past month. Glassnode also reported that the amount…
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Bitcoin has managed to remount its 200-day exponential moving average after a period of decline since reaching its year-to-date peak in July. According to some analysts, holding this support level will indicate the cryptocurrency may have bottomed out from its drop over the summer. While Bitcoin battles to sustain its long-term dynamic support, what are…
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Bitcoin’s price rose to nearly $28,143 on Tuesday following a positive legal ruling for digital asset manager Grayscale. However, analysts remain cautious about the sustainability of the rally amid low spot market volumes…. Read More: Biggest Crypto Gainers Today on DEXTools – BEPE, EMERSO, XPEPE Read more »Sign up for e-EUR – the progressive stablecoin
A U.S. appeals court overturned a previous SEC decision on Tuesday, ruling in favor of asset management firm Grayscale Investments in its effort to launch a spot bitcoin exchange-traded fund (ETF). The unanimous verdict by the U.S. Court of Appeals for the District of Columbia could pave the way for regulatory approval of the first…
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Millions of new crypto investors could be experiencing their very first bull run soon, and those who’ve been through it have shared how they plan to tackle it. With as much as 130 million people introduced to cryptocurrencies since the end of 2021, millions of investors could soon be looking at their first crypto bull…
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Speaking at the Kansas City Fed’s annual Jackson Hole economic policy symposium on Friday, Federal Reserve Chair Jerome Powell signaled the central bank is willing to continue aggressive interest rate hikes to curb high inflation. Powell put emphasis on the urgency of not letting up on bringing down inflation, currently at its highest in 40…
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