After experiencing a challenging streak of eight days marked by significant net outflows, spot Bitcoin exchange-traded funds (ETFs) finally caught a break on a recent Friday. However, the situation for Ethereum ETFs remains dire, suffering from a continuous decline that has persisted for the last seven days. The dismal performance during February has been particularly
In the evolving landscape of cryptocurrency, the Tron network has carved out a significant niche for itself, particularly in the realm of stablecoins. At the forefront of this evolution is Tether’s USDT, which has emerged as the undisputed leader within the Tron ecosystem. An analysis provided by CryptoQuant reveals that a staggering 98.5% of the
In a week defined by drastic fluctuations, Bitcoin has captured the market’s attention once again. After its plunge to a striking low of $78,200, the leading cryptocurrency managed to rebound, gaining approximately $7,000 shortly thereafter. This upward shift was a refreshing change amidst the chaos that enveloped the crypto market, particularly following Bitcoin’s challenge of
The cryptocurrency market has experienced a notable decline recently, leaving many investors and enthusiasts uncertain about the future. Amid this volatility, however, crypto analyst Master Ananda has emerged with an unexpectedly optimistic forecast specifically for Cardano (ADA). With predictions suggesting a possible rally to an astonishing new all-time high (ATH) of $8.11, the sentiment surrounding
In the ever-evolving landscape of cryptocurrency, Bitcoin continues to dominate discussions, especially with the recent formation of a CME gap between $78,000 and $80,700. This gap, emerging from trading activities in early November 2024, holds substantial implications for traders and investors. While the Chicago Mercantile Exchange (CME) operates only on weekdays, price movements that occur
Ukraine is on the brink of a significant shift in its approach to cryptocurrency legalization, as local lawmakers are gearing up for a pivotal vote on a new bill concerning digital assets. This long-awaited legislative effort aims to establish a robust regulatory framework, which has become increasingly urgent in the wake of the financial challenges
The landscape of cryptocurrency is notoriously volatile; however, Ethereum’s recent plunge stands out as particularly alarming. With a staggering 27% drop in value within just five days, the atmosphere surrounding this cryptocurrency is steeped in apprehension and trepidation. Many in the market are bracing themselves for a potential bear market, with analysts voicing concerns about
Thorchain, a decentralized exchange (DEX) that emphasizes interoperability, is at a crossroads as key developers depart due to escalating tensions regarding its handling of potentially illicit funds. The urgency surrounding this issue has been magnified by findings related to North Korea’s Lazarus Group—alleged perpetrators of hacking—utilizing the platform to launder stolen Ethereum from the Bybit
In a significant shift in regulatory perspective, the US Securities and Exchange Commission (SEC) has issued a statement through its Division of Corporation Finance regarding the classification of meme coins within the framework of federal securities laws. Traditionally viewed as potentially falling under strict securities regulations, meme coins are now being distinguished as distinct from
On March 17, the CME Group announced plans to launch Solana (SOL) futures contracts, pending necessary regulatory approvals. This move has generated excitement among market participants, driven by an uptick in client demand for more sophisticated trading instruments in the cryptocurrency space. Notably, Nate Geraci, CEO of The ETF Store, expressed optimism about this development,