After the 2024 US election, Bitwise and other asset managers seem to have been testing the regulatory waters for previously unapproved spot cryptocurrency ETFs.
American stock exchange outfit NYSE Arca has submitted a 19b-4 filing on behalf of Bitwise Asset Management to list combined Bitcoin and Ethereum ETP products. As an asset manager with $11 billion in managed funds, this filing will deepen the exchange's foothold in the crypto market.
Cryptocurrency markets are trading lower on Tuesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $91,912.69 -2.9% Ethereum (CRYPTO: ETH) $3,277.87 -4.8% Solana (CRYPTO: SOL) $226.08 -5.1% Dogecoin (CRYPTO: DOGE) $0.3746 -6.8% Shiba Inu (CRYPTO: SHIB) $0.00002385 -6.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 77.4% and daily active addresses up by 16.4%.
The financial services giant Cantor Fitzgerald has reportedly acquired a 5% ownership stake in Tether, the leading stablecoin firm. The Wall Street Journal, citing unnamed business associates of both firms, reports that Cantor values the stake at up to $600 million. Cantor has served as Tether's custodian since 2021.
The reports say the situation is so dire that USDT trades at a discount in Mexico because knowledge that it comes from drug proceeds is widespread.
Donald Trump's crypto platform, World Liberty Financial (WLFI), just locked in a high-profile partnership by bringing Justin Sun onboard as an Advisor. The founder of TRON and one of blockchain's most talked-about figures, Sun has also invested $30 million into the platform, making him WLFI's largest backer.
Justin Sun has announced a $30 million token purchase in Trump-backed World Liberty Financial.
Breaking out of an eight-month downward trend, Ethereum (ETH) is back in the news. This marks a major turning point for the second-largest cryptocurrency by market capitalization.
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges.
The move comes after Justin Sun, the founder of Tron, invested $30 million in the Trump-connected blockchain project.
Increased bullish bets on ETH price could fuel the altcoin season calls, BUT
Ethereum (ETH) derivatives traders have reacted to the altcoin's failure to sustain the $3,500 level by increasing their short positions. This surge in bearish bets suggests that a majority of traders anticipate further price declines for ETH.
Ethereum (ETH) is making waves in the cryptocurrency market, with Open Interest (OI) hitting a record high of $22 billion on November 26, 2024. This represents an 8.9% increase in just 24 hours and marks a significant milestone for the second-largest cryptocurrency.
Starknet has launched its staking program for STRK tokens, becoming the first Ethereum layer-2 network to enable staking, according to a Nov. 26 statement shared with CryptoSlate. The program aims to empower token holders to participate in securing the network while earning rewards.
Gibson, Dunn & Crutcher was caught up in a court fight with its client, Swan Bitcoin After the law firm hired a legal representative from a crypto rival, Tether on November 25. Swan claimed that the law firm was engaging in legal malpractice.
The intertwining between stablecoin and politics: the role of Lutnick and the impact on cryptocurrencies
Bitcoin ETFs witnessed unprecedented inflows of $3.12 billion last week, setting a new record in digital asset investments, according to CoinShares.
Ethereum (CRYPTO: ETH) is attracting significant attention, as traders anticipate a potential rally supported by seasonal trends and robust fundamentals. What Happened: Trader MaxBecauseBTC on X highlighted that December through April, especially following a Bitcoin halving, is historically the best time to hold Ethereum.
The recent rise has helped the Ethereum price to reclaim the range that it traded before the August drop. After the July rebound, the price failed to clear the $3500 resistance, causing an extreme exhaustion of the bulls.
The 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced a challenging Monday, with outflows reaching $438.38 million during the day's trading. Bitcoin ETFs Bleed $438M in a Single Day as Crypto Prices Plunge.
As Bitcoin soars and meme coins steal the spotlight, Ethereum's struggles may actually be setting the stage for a surprising comeback.
TL;DR Justin Sun, founder of Tron, invested $30 million in World Liberty Financial (WLFI), becoming the main investor in the project associated with Donald Trump. The partnership with Tron could provide WLFI with a robust infrastructure, boosting its global adoption and positioning it in the crypto market.
Ethereum (ETH) price trades today at as of . Ether prices hit a daily high of today after dropping % on.
For the first time since August 2022, Ethereum (ETH) hosts a bigger U.S. Dollar Tether (USDT) supply than Tron (TRX). Meanwhile, the aggregated cap of USD-pegged stablecoins targets an all-time high over $200 billion.
Unraveling Tether's complex web of financial maneuvers and its impact on the global crypto market.
Bitcoin (BTC) has registered a sharp decline as its march to $100,000 faced a significant setback as the price slipped below $95,000. BTC is down almost 4% over the past 24 hours and trading at $94,351, with sellers in control.
A crypto whale has moved 5,597 ETH worth approximately $19.4 million to Kraken, adding to the rate of asset movement. This comes following inflows to crypto assets, taking prices to points not recorded in months.
The crypto market is once again witnessing exceptional performance. Solana, often referred to as the blockchain of "fast and accessible solutions," has just reached a historic milestone.
Starknet launches staking with a 20,000 STRK minimum requirement for solo staking while enabling delegation for broader participation.
Ethereum's resurgence is igniting excitement across the crypto space, with traders forecasting a potential surge to $15,000. Amid this bullish wave, Rexas Finance (RXS), an Ethereum-based altcoin, is capturing attention with an ambitious 18,040% price forecast. Currently, in its 7th presale stage at $0.09, RXS has already raised over $12.
As Bitcoin (BTC) price retraced below $93k earlier today, Ethereum (ETH) price retested the crucial support level above $3,300. The large-cap altcoin, with a fully diluted valuation of about $399 billion, slipped nearly 5 percent in the last 24 hours to trade about $3,315 on Tuesday, during the early New York session.
Robinhood has been tailoring its platform to meet the needs of European users. When the company launched its first crypto staking services in May, it was accompanied by the introduction of localized versions of its app for users in Italy, Poland, and Lithuania.
Ethereum is experiencing a significant rise in the use of “blobs”, indicating the increased adoption of Layer 2 scaling solutions like BASE, Arbitrum, and Optimism.
Solana vs. Ethereum: SOL/ETH signals a potential 45% drop, while ETH eyes $4,000 with bullish momentum. Solana's USD pair could correct toward $145 amid resistance.
Base, Coinbase's Layer 2 network, which runs on Ethereum, has hit an all-time high of 9.2 million in daily transaction count.
TRON founder Justin Sun's $30 million investment in Trump-backed World Liberty Financial has revived the struggling DeFi project, pushing total token sales to $51 million and triggering a $15 million payout to Trump-affiliated entities.
Ethereum maintains bullish momentum above $3,400 with strong technical support and increasing buy-side pressure, as multiple indicators point to potential further upside.
On November 22, the Bitcoin market was at an all-time high of $98,975.79. Since then, the Bitcoin price has sharply dropped by around 6.16%. Interestingly, during the same period, certain Altcoins, including Ethereum, Sand and XLM, have witnessed growth. Importantly, the Altcoin market cap has slightly climbed by 2.38% during this period.
Swan Bitcoin filed a malpractice lawsuit against its former legal counsel, Gibson, Dunn & Crutcher, and accused the firm of prioritizing Tether's interests over its own.
Ethereum bulls have propelled the price to a daily high of $3,545. The daily trading volume of ETH has soared by over 86.25%.
Shiba Inu's ecosystem shows strong growth potential as lead developer Shytoshi Kusama acknowledges TRON's success model, while SHIB posts 48% monthly gains and Shibarium reaches new TVL highs.
Due to Ethereum's ability to withstand the decline of Bitcoin, there is conjecture afoot that a shift toward altcoins, specifically ETH, is imminent. As Bitcoin struggles to maintain momentum near the $100,000 mark, Ethereum's price movement is attracting attention as it is currently trading above $3,400.
Ethereum (ETH) has experienced a remarkable price increase this November, rising by 34% and reaching a high of $3500, the first time it has touched this level since July 2024. This upswing follows months of fluctuating prices and a period of Ethereum staking withdrawals that have recently turned into record-breaking inflows.
Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.
Ethereum (ETH) surged to $3,500 on Monday, marking its highest price since July 21, before slipping slightly to $3,475.
Justin Sun, founder of the Tron blockchain, made headlines with a significant investment in Donald Trump's crypto project.
Binance introduces BFUSD, a reward-bearing margin asset, offering zero purchase fees and a share of 100,000 USDT in rewards for Futures traders.