$250 Million in Ethereum Shorts Liquidated as ETH Approaches Record High
Simply put Ethereum surged by nearly 15% on Friday. In the past 24 hours, over $340 million in Ethereum positions, both long and short, have been liquidated, which is more than half of all liquidations in the crypto market. While demand for assets has been bolstered by regulatory support and corporate purchases, it hasn’t yet […]
Coinbase’s Strategy Head Highlights Crypto Stock Recovery as Bitcoin and Ethereum Rise
Simply put Stocks of cryptocurrency companies experienced a boost alongside digital currencies and major market indices. This spike was influenced by a speech from Federal Reserve Chair Jerome Powell, indicating potential interest rate cuts next month. Both Bitcoin and Ethereum saw increases in value last Friday, with Ethereum and altcoins leading the rise. The shares […]
Crypto Update: Bitcoin, Ethereum, and XRP’s profits fall ahead of Fed Powell’s speech
Bitcoin struggles as Powell’s speech at the Jackson Hole Symposium approaches, losing its daytime profits. Ethereum shows signs of recovery within a rising channel pattern. XRP faces the risk of testing monthly lows near the $2.75 support area. Bitcoin (BTC) and Ripple (XRP) are finding themselves at crucial points, as profit supply diminishes while technical […]
DBS Bank in Singapore Launches Tokenized Structured Notes on Ethereum
Bank of Singapore DBS Ventures into Tokenization with Ethereum Notes DBS Bank of Singapore has taken a notable step by tokenizing structured notes that are linked to Ethereum, a recent announcement revealed. This move aims to provide investors with exposure to the cryptocurrency market. The bank disclosed its collaboration with digital platforms like Addx, Digift, […]
DBS Bank in Singapore Launches Tokenized Structured Notes on Ethereum
Bank of Singapore DBS Launches Tokenized Structured Notes On Thursday, the Bank of Singapore, DBS, announced its move to tokenize structured notes linked to cryptocurrency. In collaboration with digital platforms like Addx, Digift, and Hydrax, the bank aims to distribute these innovative financial products. Structured notes combine debt securities with derivative contracts, offering investors a […]
Ethereum stays below $4,300 as outflows from spot ETFs keep flowing.
Kanye West Launched Solana-Based Memecoin, Which Surged Before Tanking According to Nansen, a blockchain analytics firm, Kanye West’s memecoin, Yzy, experienced a remarkable rise, reaching a market capitalization of $3 billion within just 40 minutes of its debut on the Solana blockchain. However, this surge didn’t last long, as the market cap fell by over […]
Ethereum Price Drops to Two-Week Low with $4B Supply Pressure Ahead
Simply put Ethereum is set to unlock $4 billion in supply for validators in September. Investors seem hesitant as they await the Jackson Hole meeting on Friday, looking for cues from Powell regarding potential rate cuts in September. The slowdown in Ethereum’s network activity aligns with a broader sentiment of negativity observed across both crypto […]
Ethereum RPG ‘Pirate Nation’ to Close as the Crypto Gaming Graveyard Expands
Simply put Ethereum’s role-playing game, Pirate Nation, is set to shut down in September along with the blockchain network. The developer, Proof of Play, mentioned that maintaining the game isn’t financially feasible due to its limited player base. A number of crypto games, like Deadrop and Nyan Heroes, have already ceased operations this year. Ethereum’s […]
Bitcoin Declines as Big Investors Cash In; Ethereum and Dogecoin Also Decrease: Analyst Excludes Significant ETH Correction Before It Reaches $5,000
Cryptocurrency Market Update Major cryptocurrencies experienced declines on Sunday evening as large investors began to take profits. Market Movements Bitcoin dropped below $116,000 overnight, although trading volumes did see a slight uptick over the last 24 hours. This drop follows Bitcoin reaching an all-time high of $124,000 earlier this week. As for Ethereum, it similarly […]
Ethereum ETFs Experience $59M Outflows, Ending an 8-Day $3.7B Buying Run
Ethereum Market Update The recent spot Ethereum ETF halted its remarkable eight-day purchasing streak, recording a net outflow of $59.3 million on August 15th. During this period, the total amount peaked at $3.7 billion, whereas BlackRock’s ETHA merely accounted for $338 million amid broader market rotations. Despite this setback, Ethereum trading dipped only 10.22% below […]