Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Crypto exchange BingX has launched BingX Labs, an investment arm to fund digital asset startups, offering technical, strategic, and market-making services to enhance user experience and foster blockchain innovation.
VanEck’s Matthew Sigel hints Solana ETFs may debut on Wall Street soon, contrasting BlackRock’s caution. Analysts predict Solana’s price could hit $200 by year-end, but US elections might delay approvals. #Crypto #ETFs #Update
Aave ($AAVE) sees 58,848 tokens worth $6.47M withdrawn by whales amid a price surge to $111. Aave V3.1 launches with security and usability enhancements, as total value locked hits $22B.
BlackRock’s Samara Cohen says Bitcoin and Ethereum are the only cryptos meeting ETF criteria. Ethereum ETFs launched July 23, 2024, boosting trading volumes to $14.8B. Solana’s lack of CME futures complicates its ETF approval.
Web3 startups Hyperbolic and Mintify raised over $10M in funding. Hyperbolic secured $7M for a blockchain-based AI platform, while Mintify raised $3.4M to enhance NFT trading infrastructure, expanding from Ethereum to Bitcoin Ordinals.
Crypto exchange Bitbank plans IPO on Tokyo Stock Exchange to boost market presence. Founded in 2014, it has ¥8.65 billion capital. Major shareholders include Noriyuki Hirose, MIXI, and Ceres. Secured ¥7.5 billion funding in 2021.
The Bank of Japan raised interest rates to 0.25%, the first hike in 20 years, causing Bitcoin and equities to spike. Analysts expect a 25 bps Fed rate cut in September. $BTC $ETH $XRP
ZKX protocol, the first perpetual futures exchange on Starknet, has shut down due to low user engagement. Founded in 2021 and backed by $4.5M, it struggled to sustain itself despite innovative zk-rollup technology.
Rollblock (RBLK) is surging, adding 2,000 players weekly and 150+ games. Its revenue-sharing model boosts staking rewards. Analysts predict RBLK could hit $1 by 2024, fueled by the gambling market’s growth to $750 billion by 2028.
BlackRock Ether ETF saw $118M inflows on July 30, 2024, despite Ethereum’s price falling 1.21% to $3,274.43. Grayscale’s ETHE faced $120M outflows, while mini-ETH and Fidelity FETH saw $12.4M and $16.4M inflows, respectively.
XRP surged 40% to $0.6034 amid settlement speculation in its SEC case. Former SEC lawyer Marc Fagel dismissed rumors, while analysts predict long-term potential up to $7.54 by 2030 and $525.55 by 2050.
Hyperbolic, merging AI and blockchain, raised $7M in seed funding led by Polychain Capital and Lightspeed Faction. Funds will enhance AI solutions, expand the team, and develop a developer ecosystem, pioneering protocols like Proof of Sampling.
Grayscale’s Bitcoin ETF (GBTC) fell 11% to $52.87 amid outflows and the spinoff of the Bitcoin Mini Trust. Each shareholder will receive BTC shares, aiming to enhance market stability and transparency.
An ICO whale moved 1998.9 ETH, worth $6.7M, after nine years. The transfers, coinciding with ETH’s $3350 price, highlight the long-term investment potential in crypto and may impact market liquidity and volatility.
