Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Bitcoin layer-2 startup Bitlayer raises $11M in Series A led by @FTI_US and ABCDE, boosting total funding to $16M. Funds will expand their Web3 platform, supporting protocols and smart contracts on the Bitcoin network. #Update #CryptoNews
Foundry launches Foundry Donate, letting U.S. miners give part of their Bitcoin to blockchain devs. Starting 2024, miners can support Brink and OpenSats. Foundry and Core Scientific have pledged 0.2 BTC and 1 BTC, respectively. #Bitcoin #Update
BlackRock’s Ethereum ETF, $ETHA, is now live for trading with a 0.25% sponsor fee and a one-year waiver. Approved by the SEC on July 12, it competes with Grayscale. Investor excitement is high as Ethereum surpasses $3,500. #CryptoNews
Ethereum ETFs launched today on major exchanges, with expected inflows between $1.67B and $2.50B. Analyst Eric Balchunas suggests ETH price could hit $3,740-$4,675 by end of 2024. #EthereumETFs #Update
The @SECGov has approved eight new spot Ethereum ETFs from firms like @Grayscale and @BlackRock. Grayscale’s $ETHE will convert to a spot ETF. Grayscale’s ETH Mini Trust offers lower fees over 10 years compared to BlackRock’s ETHA. #Update
Ethereum ($ETH) remains stable at $3,500 as the SEC approves ETFs from @BlackRock and @InvescoUS. This milestone may influence market dynamics, with potential price dips expected due to ‘buy the rumor, sell the news.’ #Update
Ethereum takes a major step towards mainstream adoption with @binance introducing the Ethereum-ETF in Central and Eastern Europe and Central Asia. This launch boosts Ethereum’s appeal by enhancing liquidity and attracting institutional investments. #CryptoNews #Update $ETH
The Ethereum Foundation sold 100 ETH for 345,179 DAI ahead of the spot Ethereum ETF debut, sparking skepticism among investors. Historically, they’ve sold 2,366 ETH for 6.9M DAI this year. ETH price is up 0.50% to $3,505 with increased trading in $ETHE and $ETHA. #Update
Bitwise Asset Management launches the $ETHW Ethereum ETF on NYSE, donating 10% of profits to Ethereum development groups like @ProtocolGuild. Management fee: 0.20%, waived for the first 6 months. #Ethereum #CryptoNews
Bitwise Asset Management (@BitwiseInvest) will donate 10% of profits from its spot Ethereum ETF to support Ethereum open-source development via Protocol Guild and PBS Foundation for the next 10 years. This long-term funding aims to enhance Ethereum’s growth. #CryptoNews
Ethereum Name Service (ENS) spiked 7.6% as the first spot Ethereum ETFs launched in the U.S., leading the top 100 crypto assets. ENS now trades at $27.32, up 4.4% in 24 hours, with a market cap of $896M. #CryptoNews
Spot Bitcoin ETFs in the U.S. saw $533.6M inflows on July 22, the highest since June 4. Fidelity @WiseOrigin, Invesco @GalaxyFund, and Franklin recorded positive inflows, while @VanEck saw outflows of $38.4M. Bitcoin price fell 1.3% to $66,650. #Update
BlackRock’s Bitcoin ETF ($IBIT) saw a record $526.7M inflow on July 22, 2024, marking its highest since March. Other crypto funds, FBTC and BTCO, also gained, while VanEck’s HODL ETF lost $38.37M. This surge underscores growing crypto adoption. #Update
Bitcoin firm @SwanBitcoin suspends its mining operations and delays IPO plans amid market volatility. This strategic pause highlights the challenges in the crypto industry and may prompt other firms to reassess their strategies. #Update #CryptoNews
