Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Invesco Galaxy missed the July 8 deadline to file its amended S-1 for a Spot Ethereum ETF, unlike $BLK and VanEck. This delay may impact their competitive standing and regulatory approval. Grayscale announced a July 18 creation date for its Mini Ethereum Trust, boosting market optimism. #Update
U.S. Spot Bitcoin ETFs saw $295M inflows on July 8, driving a market rebound. Global crypto market cap surged 4.2% to $2.22T. $BTC and $ETH prices rose 3.5% and 5.5%. #Update
Grayscale Investments (@Grayscale) to distribute shares of its new Grayscale Ethereum Mini Trust on July 18, 2024. Pending regulatory approval, the Mini Trust will list on NYSE Arca under ticker $ETH, offering lower fees and better value for long-term investors. #CryptoUpdate #Ethereum
Wealth manager @VanEck has filed an updated S-1 for its spot Ethereum ETF with the SEC, following @BitwiseInvest’s July 3 filing. Approval could lead to higher ETH prices and yields, mirroring Bitcoin’s recent performance. #EthereumETF
Ethereum whale from 2016 ICO era transferred 36,000 $ETH to major exchanges in 37 days, raising market impact concerns. Despite this, the whale still holds 231,400 ETH (~$656M). Another large holder moved 10,000 ETH to Kraken on July 8, 2024. #CryptoNews
Crypto funds saw a $441M influx from July 1-5. Bitcoin products led with $398M (90%) of the total, driven mainly by U.S. investors ($384M). Despite price dips and Mt. Gox issues, Ethereum ($10.2M) and Solana ($16.3M) also gained. #Update #CryptoNews
Matrixport predicts SEC approval for an Ether ETF this week. This could boost $ETH prices to $3,400, with long-term targets of $6,600. Major firms like @BlackRock, Fidelity, and Grayscale are expected to file. $ETH currently trades at $3,068, up 2% in 24 hours. #CryptoNews
BlackRock’s Ethereum-based BUIDL fund attracted $5M in assets last week, now totaling $491M AUM. Despite a $290B global crypto market loss in July, BUIDL has shown resilience, surpassing Franklin Templeton’s BENJI as the largest blockchain money market fund. #Update
Bitcoin’s MVRV ratio turned negative for the first time since March 2023, signaling caution. Bitcoin fell to $54,500 before recovering to $55,770; market cap just under $1.1T. Potential sell-offs from Mt. Gox creditors and the German government add to investor concerns. #Update #Bitcoin #CryptoMarkets
? The German government moved 1,000 BTC ($56.65M) to Coinbase, Bitstamp, and an unknown address amid a bearish market. Bundestag’s Joana Cotar calls Bitcoin a “strategic reserve currency.” $BTC is down 2.2% today. #CryptoNews
Ripple’s XRP sees whale movement of 37.39M tokens to Bitstamp before Ripple vs. SEC case conclusion. Fred Rispoli predicts case end by July 13 or 31. XRP faces resistance at $0.4250, struggling below 100-hourly SMA. Regulatory clarity crucial for crypto’s future. #XRP #CryptoNews
XRP, @Ripple’s native token, rose 4.3% in 24 hours despite market volatility. Technical indicators are mixed, but a bullish crossover between 5-day and 20-day averages is notable. Current price: $0.43. #Crypto #Update
Net inflows into spot Bitcoin ETFs hit $143M on July 5, led by @Fidelity’s $117.4M. Fidelity’s $FBTC now has $9.65B AUM, making it the third-largest in the U.S. Meanwhile, @Grayscale faced a $28.6M outflow from its $GBTC fund. #Bitcoin #Update
? In the first week of July 2024, 22 crypto projects secured $620.5M in investments! Leading the charge, @iris_energy raised $413.4M by selling 39.8M shares. Notable mentions: Sentient AI ($85M) and Lombard Bitcoin restaking ($16M). #Crypto #Update
