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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Within the dynamic cryptocurrency environment, THORChain (RUNE) has emerged as a notable altcoin, capturing the interest of investors who are actively pursuing methods to augment the diversification of their investment portfolios. In conjunction with the established entities such as Bitcoin and Ethereum, the cryptocurrency market has experienced significant growth with a diverse range of alternative…
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Cryptocurrency markets fell on Wednesday, with total market cap dropping by around $16 billion to around $1.1 trillion, Bitcoin (BTC) dropping 1.5% to around $28,700 and Ether (ETH) dropping 1.1% to just above $1,800, where it is now finding support from its 200DMA. Downward moves in the crypto market come amid macro headwinds, with US…
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Blue chip cryptocurrency markets have seen limited to no reaction to the latest US Retail Sales figures for July, which should underpin optimism that the US economy remains far from recession. Bitcoin (BTC) was last trading in the $29,100s and Ether (ETH) in the $1,820s, with the latest data doing little to alter the macro…
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The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%. This resurgence has sparked intrigue and excitement among crypto enthusiasts and investors, prompting…
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The team stated that the next steps were to find the source of the non-determinism, release an update, and restart the state machine, but there have been no updates since. Cross-chain exchange and proof-of-bond network THORChain was halted earlier today as the result of a bug causing “non-determinism between individual nodes.” At around 8 pm…
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After four years of waiting, THORChain’s new mainnet “marks the achievement of a fully functional, feature-rich protocol with a large ecosystem and strong community.” The price of THORChain’s token RUNE is up 16% since the project announced the official launch of its mainnet on June 22. The team announced the mainnet launch on Wednesday, alongside…
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Following two consecutive sessions of declines, DOT saw its price rebound on Friday, as it moved away from a multi-week low. While DOT rose away from these lows, RUNE dropped, with the token falling towards them. Prices of RUNE are down by over 10% as of writing.
Polkadot (DOT)
DOT was a notable mover…
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Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer to their lowest point since January 2021. Tron (TRX) Tron (TRX) surged towards a seven-day week high during Thursday’s session, as prices rebounded following a…
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Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost…
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