Over the last week, there has been a significant increase in investments towards Bitcoin exchange-traded funds (ETFs). The latest data reveals that a total of $91.3 million was poured into these funds on April 11. Amongst the major contributors to this inflow was BlackRock’s iShares Bitcoin Trust (IBIT), which has now recorded net inflows amounting … Read more
A solution to overcome the Ethereum blockchain’s issues with speed and expense is the development of layered scaling techniques. The Ethereum network serves as the fundamental layer (Layer 1 or L1), responsible for validating transactions and securing the network. Above L1, there are Layer 2 (L2) solutions like Arbitrum and Optimism that operate. These L2 … Read more
Approximately $1.5 billion in Bitcoin options and an extra $800 million in Ethereum options are due to expire on April 12, 2024. This event brings potential volatility to the cryptocurrency market. Approximately $2.3 billion worth of Bitcoin and Ethereum contracts, totaling 21,000 BTC and 230,000 ETH, are set to expire soon. These contracts may cause … Read more
On April 9, 2024, in an interview with Sonali Basak from Bloomberg TV, Marathon Digital CEO Fred Thiel discussed his comprehensive understanding of Bitcoin mining’s changing terrain and predicted consequences of the approaching Bitcoin halving, estimated to occur around April 20. Impact of Bitcoin ETFs and Price: Thiel is convinced that the United States Securities … Read more
A market intelligence firm named Santiment has highlighted an emerging trend in a recent analysis that could significantly impact Bitcoin‘s price movement: the decreasing connection between Bitcoin and traditional stock markets. Based on their latest findings, this development could lead Bitcoin to new heights with potential prices soaring up to $100,000. Santiment is a distinguished … Read more
On April 11, 2024, Chris Mancini, an associate portfolio manager at Gabelli Gold Fund, talked in depth about the recent gold market trends during a segment on CNBC’s “Power Lunch” program. Normally, when gold-backed ETFs experience significant withdrawals, it results in lower prices. However, contrary to this usual pattern, the price of gold has continued … Read more
Approximately 330,000 XRP tokens were previously secured on the XRP Ledger’s newly instituted Automated Market Maker (AMM) platform. Recently, this amount has significantly increased to over 715,000 XRP tokens, equating to more than $400,000 in value. Notably, during this period, the AMM platform is undergoing essential bug repairs. Based on information from XRPScan, the XRP … Read more
Why you should listen The Mantra team noticed a gap in the Cosmos ecosystem: there was no blockchain geared towards ensuring regulatory compliance for various real-world assets (RWA) and tokenized assets. They believe that creating a “regulated digital asset chain” would bring about an innovative protocol, appealing to users from diverse backgrounds who prioritize regulatory … Read more
A well-respected cryptocurrency expert, recognized for his accurate calls on the cryptocurrency market bottom in 2018’s bear market, has shared his analysis of Bitcoin‘s potential worst-case scenario. However, he emphasized that even with this outcome, there could still be significant price growth. On microblogging platform X, where Bluntz has over 250,000 followers under a pseudonym, … Read more
Based on an article in The Wall Street Journal dated April 10, the Federal Reserve is encountering fresh hurdles in its fight against inflation, making it more difficult for the central bank to achieve a gentle economic slowdown. The WSJ piece emphasizes that an inflation report came in higher than anticipated, bringing substantial repercussions for … Read more