Polygon (MATIC) experienced an astonishing 743% price increase in just one day, thanks to the launch of Ethereum ETFs in the U.S. This surge was fueled by both the introduction of the ETFs and large transactions from major crypto investors on the Polygon network. The debut of Ethereum ETFs has greatly impacted the crypto market,…
Toyota plans to improve vehicle mobility and user experience by integrating Ethereum blockchain technology, specifically using the ERC-4337 standard. This integration includes a proposed Mobility-Oriented Account (MOA) to ensure blockchain accounts for vehicles remain accessible even if the private key is lost. By tokenizing car access as NFTs, Toyota aims to simplify services like car…
BlackRock’s Ethereum ETF has generated significant interest but faced outflows affecting Ethereum’s price. Analysts are watching how these changes impact crypto investment trends. The ETF launch has been volatile, with mixed market reactions. The current drop in Ethereum’s price might be temporary, and its long-term effects are still uncertain. BlackRock Ethereum ETF Sees Initial Surge…
PEPE has seen a significant boost despite the overall bearish trends in the crypto market. Interest in PEPE has surged notably following the approval of the spot Ethereum ETF. According to CoinMarketCap, PEPE’s price increased by 6% and its trading volume rose by 40% on July 24th. PEPE Surges Amid Market Bearishness and Spot Ethereum…
Meme coins like Dogecoin and Shiba Inu are drawing considerable interest from crypto whales as the market pulls back from its recent highs. Both cryptocurrencies have experienced substantial increases in large-scale transactions, signaling heightened activity among major investors. According to IntoTheBlock’s data, there have been notable spikes in whale transactions, highlighting significant movements despite the…
A new 10-year analysis from Santiment shows that Litecoin and Dogecoin are top in altcoin adoption. Litecoin leads with 8.08 million non-empty wallets, showing strong investor interest, while Dogecoin has 6.69 million wallets, reflecting significant engagement despite being a meme coin. Litecoin also distinguishes itself by processing $2.85 billion daily in large transactions, highlighting its…
Kamala Harris, the Democratic presidential candidate following Joe Biden’s withdrawal on July 21, seems to be embracing cryptocurrency to attract voters. She may even speak at the Bitcoin 2024 conference in Nashville, which starts on July 25. On July 24, David Bailey, the event’s CEO, said they were discussing with Kamala Harris’s campaign about her…
On Wednesday, July 24, Bitcoin (BTC) dropped by 0.75%, ending the day at $65,398. This decline followed a 2.52% drop the day before, on Tuesday, July 23. Ongoing concerns about oversupply are affecting BTC’s demand. On Thursday, July 25, it’s important to pay attention to updates related to Mt. Gox and trends in the US…
Indian crypto exchange WazirX is planning to set up a poll to let customers vote on whether to reopen the platform for withdrawals, deposits, and trading. Co-founder Nischal Shetty mentioned that they are exploring various options to aid in the recovery. Additionally, WazirX is reaching out to projects related to the stolen tokens to get…
Hamster Kombat is gaining huge attention with 250 million fans globally and a strong following on Telegram, where it has 53 million subscribers. The game’s impressive user base and growing popularity suggest it could become a major force in the crypto gaming industry. With such rapid growth, Hamster Kombat is set to make a big…
Ethena, the issuer of the USDe stablecoin, plans to invest some of its reserves into tokenized US Treasuries. In a governance update on July 16, Ethena revealed its intention to allocate $235 million in USDT stablecoin and $45 million from its Reserve Fund to real-world asset (RWA) products. This strategy is part of a growing…
As spot Ethereum ETFs make their debut on U.S. exchanges, Citi forecasts a significant inflow of $5.4 billion within six months. Analysts are also predicting that Ethereum could reach a new all-time high of $5,000. This marks a major development in the crypto market. Citi Anticipates $5.4B in Ethereum ETF Inflows, Analysts Project ETH Rally…
The Terraform Labs bankruptcy case has set a deadline for victims of the Terra collapse to file their crypto loss claims. Claims must be submitted by August 21, 2024, at 6:00 PM ET or 10:00 PM UTC. This deadline is a crucial step toward providing relief for those affected by the collapse of the Terra…
Shibarium, the Ethereum layer-2 network supporting the Shiba Inu (SHIB) ecosystem, is on the verge of reaching a significant milestone. The network is approaching its 6,000,000th block, with only a few blocks left to hit this achievement. This progress highlights Shibarium’s ongoing development and resilience in the crypto space. Shibarium Nears 6M Blocks, Overcomes Challenges…
The MEW meme coin has surged 85% in a week, breaking into the top ten meme coins with a market cap of $692 million. This growth, fueled by the “global cat season” trend and key partnerships, positions MEW as a rising competitor to Dogecoin (DOGE) and Shiba Inu (SHIB). Launched this year on the Solana…
Binance, a leading cryptocurrency exchange, is updating its platform by adding new assets and removing some existing ones. These changes are important for crypto investors and enthusiasts, as they will affect the market. This article covers Binance’s recent updates, including new asset listings, loan options, and the removal of certain trading pairs, offering investors more…
Shiba Inu (SHIB) has dropped by 13% over the past week, mainly due to issues with Shibarium, its layer-2 blockchain solution. While the short-term outlook for SHIB is bearish, some analysts are still hopeful about its long-term potential. Shiba Inu (SHIB), the popular meme cryptocurrency, has seen a notable 13% drop in value over the…
ETF analyst James Seyffart reported that Ethereum exchange-traded funds (ETFs) attracted $107 million in inflows on their first day. As anticipated, BlackRock’s iShares Ethereum Trust (ETHA) leads with $258.6 million in inflows. Fidelity’s Ethereum Fund (FETH) follows in second place with $137.9 million. Ethereum ETFs Debut with Strong Inflows; Grayscale Faces Outflows The Bitwise Ethereum…
On July 23, Spot Ethereum ETFs had a strong debut, bringing in $107 million. This success has made Matt Hougan, Chief Investment Officer at Bitwise Asset Management, optimistic about the future of crypto ETFs. Hougan noted the positive reception of the new Ethereum ETFs and believes this success paves the way for more crypto ETFs,…
The troubled crypto exchange Mt. Gox transferred another large amount of Bitcoin on Wednesday, following recent BTC and BCH transfers intended for creditor repayments. This indicates that Mt. Gox is likely to continue moving significant amounts of Bitcoin throughout the week. In parallel, Kraken has begun distributing Bitcoin that it received from the Mt. Gox…