Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
?? The Russian parliament passes a bill to use crypto for international trade and legalize crypto mining, effective Sept 1, 2024. This move aims to counteract Western sanctions and boost trade with China, India, and Turkey. #CryptoNews #Update
Solana’s price rose as @FTI_US plans a Solana ETF, following Ethereum’s approvals. Solana ($SOL) is near a resistance of $188.8, with potential to hit $210. Major firms like @BlackRock and @InvescoUS may also seek ETF approvals. #Update
Newly launched Ether ETFs surpassed $1B in trading volume on the first day. Fidelity’s Ethereum Fund ($FETH) led with $71.3M inflows, while Grayscale’s Ethereum Trust ($ETHE) saw $484.9M outflows. Ether closed at $3,486.75. #Update
AI startup Cohere raises $500M from @Cisco, @AMD, and others, boosting its valuation to $5.5B. The funding, led by PSP Investments, will enhance Cohere’s team and AI solutions for businesses like Oracle and Notion Labs. #AI #TechNews #Update
Spot $ETH ETFs launched on July 23, hitting $1.1B in first-day trading. BlackRock’s $ETHA accounted for 25% of $IBIT’s volume. Despite high activity, $ETH dipped 1%. Analysts foresee a rally if $ETH breaks $3,730. This could challenge $BTC’s dominance. #CryptoNews
Swan Bitcoin (@SwanBitcoin) halts its Bitcoin mining operations and cancels IPO plans due to lack of near-term profits, announces CEO Cory Klippsten. The firm will also cut staff and focus on sustainable growth. This marks a significant shift in the crypto industry. #Update
Igloo, Inc., known for Pudgy Penguins NFTs, secured $11M led by Peter Thiel’s Founders Fund to build Abstract, a user-friendly Ethereum Layer 2 blockchain. The project aims to integrate digital ownership into daily life using zero-knowledge proof tech. #Update
Peter Schiff warns of a new threat to $BTC as Spot $ETH ETFs begin trading in the U.S., potentially shifting market dynamics. Rapid uptake noted with $461M trading volume in the first 90 minutes. BTC at $66K (down 2%), ETH at $3,412 (down 1.4%). #crypto
Bitwise (@BitwiseInvest) launched the first U.S. spot $ETH ETF, revealing Ethereum addresses and ENS names for transparency. Trading volume hit $361M within 90 minutes. This sets a new standard for ETF transparency. #CryptoNews
Large Ethereum holders cashed out $747M ahead of spot $ETH ETFs launch in the US, marking the highest profits in 40 days. Long-term holders saw gains soar to $666M. #CryptoNews
Solana ($SOL) jumps 33.78% in 30 days to $180.76, but analysts warn of a potential downturn. Rollblock ($RBLK) draws investors with its DeFi casino model, offering 30% weekly profits and predicting 800% surge. Currently priced at $0.017. #Update
? The U.S. launched spot Ethereum ETFs on July 23, 2024, with $112M in trading volume in just 15 minutes. Grayscale Ethereum Trust (ETHE) led with $39.7M. Experts predict $5-6B inflow in a year. Ethereum (ETH) showed resilience. #CryptoNews #Update
First nine U.S. spot Ethereum ETFs launched with SEC approval, debuting with nearly $10.3B AUM. Analysts predict inflows exceeding $20B, potentially boosting $ETH price above $4,878. ETH staking offers 3.3% return. #CryptoNews #Update
VanEck’s Gabor Gurbacs warns about fund concentration risks as 8 of 9 U.S. spot Ethereum ETFs choose Coinbase as custodian. VanEck opts for Gemini, while Fidelity uses self-custody. Experts call for multi-custodian setups to enhance investor safety. #Crypto @Coinbase @Fidelity #Update
