Author: News Room
Bitcoin ETF trading volume has been shattering records ever since the green signal from the SEC arrived. However, a previous dip and outflows had created speculation that the demand for the Bitcoin ETFs might vanish. Despite all rumors, the inflows for the ETFs have again seen a consecutive green level for three sessions. Read the full article here
Krippenreiter, a crypto researcher, recently discussed the possibility of XRP becoming obsolete due to Ripple’s imminent launch of the USD-backed stablecoin. For context, Ripple recently made waves with its announcement of introducing a new stablecoin pegged to the US dollar on the XRP Ledger (XRPL) and Ethereum networks later this year. Concerns of XRP Doom This decision has sparked speculations and concerns within the crypto community regarding the potential impact on XRP’s relevance and utility for cross-border transactions. Notably, the payments firm largely depends on XRP for some transactions involving its cross-border payments service. Recall that an on-chain sleuth, Mr.…
On April 5, a jury in Manhattan gave a civil verdict for Terraform Labs and its co-founder Do Kwon to defraud clients. The allegations were brought up by the US Securities and Exchange Commission (SEC). The taking of this move is quite significant in the context of cryptocurrency scrutiny. Terraform Labs and Do Kwon faced accusations of misleading investors about the stability of UST stablecoin and making false claims about their technology’s use in the Korean payment system, Chai. Read the full article here
Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential litigation process if an ether ETF application is rejected at that time. JPMorgan on Potential SEC Approval of Spot […] Read the full article here
A widely followed crypto strategist believes that one newly launched altcoin could see gains of multiples within weeks. Pseudonymous analyst Altcoin Sherpa tells his 213,900 followers on the social media platform X that cross-chain messaging protocol Wormhole (W) could head much higher after a recent airdrop of tokens and a listing on several exchanges. “W: long Wormhole for financial freedom. Wait for the air-droppers to jeet (a sell-off by extremely risk-averse investors at the slightest sign of a downturn) and then this will go much higher. Do you really think that a project that worked very closely with Jump [Trading…
Bitcoin (BTC) price is currently stuck in the sub $70,000 range after marking an all-time. However, looking at the on-chain metrics, it appears that BTC could be heading back up. Bitcoin Flashes Buy Signals Bitcoin price, trading at $67,760 at the time of writing, is noting a red candlestick today, but the metrics are suggesting a long-term bullish outlook for the cryptocurrency. The Reserve Risk indicator is currently in the green zone, making its way out of it. This indicator measures the confidence of long-term Bitcoin holders by comparing the current price to its long-term HODLer cost basis. A lower…
The Shiba Inu (SHIB) team has lauded the dedication and enthusiasm of the SHIB community, as indicators suggest a surge in SHIB social activity.Key social engagement metrics have shown a significant uptick in activity around Shiba Inu. Social analytics firm LunarCrush has reported a substantial rise in social interactions related to SHIB, indicating increased interest in the asset. This increased social presence is not only a sign of the community’s strength, but it may also indicate a bullish trend for the dog-themed cryptocurrency. The Shiba Inu official X account highlights this great development: “SHIB Social activity is buzzing. Our community…
The stronger-than-expected jobs report released by the U.S. Bureau of Labor Statistics raised concerns among stock and crypto market investors. Fed swap now indicates rate cuts in June and July are off the table and the U.S. Federal Reserve can start rate cuts in September. CoinGape earlier reported the same timeline. Read the full article here
Decentralized applications (dApps) saw a rise of 77% in activity in the first quarter of 2024 and a 7 million total daily active user wallet count. This growth comes as Bitcoin hit an all-time high in Q1 2024, reaching above $73,000. DApp Activity Resurges According to DappRadar, the recent increase in new users shows a strong recovery, indicating the end of the longest bear market experienced. The growth has been attributed to the approval of U.S. spot Bitcoin exchange-traded funds (ETFs), which sent BTC to multiple new all-time highs. DappRadar also noted the renewed interest in non-fungible tokens (NFTs) throughout…
It’s been a phenomenal start to the year 2024 for Bitcoin with the launch of the spot Bitcoin ETFs in January driving strong institutional interest in the cryptocurrency. Since the beginning of 2024, the Bitcoin (BTC) price is up by 53% despite its current fall to the $67,000 level. Read the full article here