According to research by Bybit, institutional traders have expressed a significant bullish sentiment towards Bitcoin, mixed sentiments regarding Ether, and a general air of skepticism towards altcoins. From December 2022 to September 2023, the study provides an insightful look into trading behaviors and asset allocation amidst significant market fluctuations. Institutional Traders Favor BTC, Moving Away...Read More
“Tradfi” may be beginning to rotate into the ETH ETF trade after two months. As per a new report by Reflexivity Research, the annualized basis on CME has consistently increased, reaching over 18%. Bitcoin’s open interest in CME has also experienced continuous growth, surpassing $4.5 billion since the trend began two months ago. Notably, an...Read More
Investment management firm VanEck has unveiled its 2024 predictions, forecasting not only record-breaking highs for Bitcoin but also an anticipated peak in the NFT market, signaling a significant transformation in the industry. The introduction of spot Bitcoin ETFs is expected to align with the prolonged anticipation of a U.S. recession, while the forthcoming halving event...Read More
Ethereum, alongside the rest of the crypto market, experienced a notable resurgence in the past several weeks, with its price jumping to a 19-month peak at $2,400. This comes amid growing anticipation regarding the approval of a spot ETH ETF in the States. However, the second-largest blockchain network has not seen its user count increase,...Read More
In the past week, investments in digital asset products surged by $176 million, marking the 10th consecutive week of continuous inflows. The total inflow over this period reached $1.76 billion, constituting 4% of the assets under management (AuM). This streak of inflows is the largest since October 2021, when the US witnessed the launch of...Read More
In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking this chance to sell their holdings and exit the market with gains. Despite this, strengthening support levels suggest that Ethereum’s price is poised for a...Read More
Itau Unibanco, Brazil’s largest bank, has officially entered the cryptocurrency exchange market, launching a trading service for its investment platform clients. The service debuted on Monday and enables users to trade Bitcoin and Ether, the two most popular cryptocurrencies. Itau Expands Crypto Trading with Diverse Portfolio According to a Reuters report, Guto Antunes, the head...Read More
The global media giant Forbes announced the launch of its esteemed Under 30 list on the Ethereum blockchain. This initiative represents a milestone, combining conventional media’s reputation with blockchain technology’s transformative power. Ethereum-Based Under 30 List Fuses Media with Web3 Tech The Under 30 list, famous for highlighting the world’s most promising young entrepreneurs, innovators,...Read More
While the recent headlines may have captured Binance and CZ’s legal troubles and the increased regulatory scrutiny on centralized exchanges, there has been a notable shift in the Ethereum staking pool dynamics. With the increase in the number of validators exiting the pool, ETH issuance has seen a slowdown in its growth rate. This has...Read More
The increased bullish sentiment has led to an approximately 15% increase in the price of Ether within a 30-day period. The fact that Ethereum is now trading above $2,000 suggests a growing focus on the asset, and this renewed optimism has propelled the year-to-date gain in ETH price to almost 70%. New data suggest a...Read More
The market is experiencing a buying demand, reaching a total value of $1.45 trillion. The sentiment of greed is a dominant factor in this rise. Recently, Bitcoin attempted to break through the $38,000 mark but was unsuccessful. Despite this, there’s a noticeable trend of continuous growth efforts and a reduction in significant pullbacks from recent...Read More
While layer 2 networks have become immensely popular in recent months, scammers are targeting newly launched ones and deceiving investors through creative phishing schemes to misappropriate funds. Blast – the recently launched Ethereum layer 2 network – has caught the attention of these malicious entities, with a victim losing more than $130,000. Blast Phishing Scam...Read More
The global division of Spanish financial institution Banco Santander – Santander Private Banking International – has reportedly introduced a new feature that enables customers with Swiss accounts to engage in the investment and trading of Bitcoin (BTC) and Ethereum (ETH). Given Banco Santander’s extensive history of more than 160 years and its broad customer base...Read More
Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this...Read More
The cryptocurrency market is witnessing a sustained influx of investments, with major assets like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and Ripple’s XRP experiencing significant inflows for the eighth week in a row. A new report highlights this trend, noting a remarkable $176 million inflow into crypto asset investment products. Exploring the Inflows...Read More
BlackRock’s competition has heightened as Fidelity – a renowned financial giant with $4.5 trillion in assets under management – has filed for a spot Ethereum exchange-traded fund (ETF). Fidelity Goes for Ethereum ETF In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity outlined its plans to list and...Read More
In a strategic move, Fidelity, a renowned American financial services corporation, has officially filed for its Spot Ether ETF. This comes on the heels of its recent refiling for a spot Bitcoin ETF. Addressing any potential concerns, the filing clarifies in Item 6 that it has not granted consent to the Securities and Exchange Commission...Read More
With U.S. spot Ethereum (ETH) ETFs now a realistic prospect, some experts are questioning whether their approval will impact the market as much as a Bitcoin (BTC) equivalent. Bitwise – the world’s largest crypto index fund manager – says they won’t be. In conversation with CryptoPotato, the firm’s analyst Juan Leon explained why. Ignorance Of...Read More
After a few weeks of speculation following the registration of the iShares Ethereum Trust in Delaware, BlackRock has filed the S-1 prospectus for the product with the SEC. This is the second cryptocurrency-related exchange-traded fund that the company wants to launch after its spot Bitcoin ETF application. CryptoPotato reported last week when the largest asset...Read More
Ethereum (ETH) has encountered difficulties breaking past this year’s high of approximately $2,150, prompting concerns about a potential double-top pattern that could lead to a price reversal. The latest market data reveals that Ethereum is trading around $1,985 during the early Asian and London markets on Wednesday, marking a 3.6 percent decrease over the past...Read More
Boyaa Interactive, a board and card game company based in China and listed on the Hong Kong Exchanges and Clearing Limited, has announced plans to acquire approximately $100 million worth of cryptocurrency assets, primarily BTC and ETH. This strategic business decision comes when institutional crypto investment rises, with Bitcoin and Ethereum emerging as major beneficiaries....Read More
Digital asset investment products saw inflows amounting to $293 million over the past week. This extended a seven-week streak of inflows surpassing the $1 billion milestone. Year-to-date inflows now stand at $1.14 billion, marking the third-highest annual inflows on record. Ethereum witnessed a massive turnaround in sentiment, welcoming its largest inflow since August 2022 of...Read More
Amidst broader market recovery, Ethereum gas fees have surged yet again as a result of increased demand for blockspace. Bitcoin users experienced a similar ordeal, with average transaction fees spiking to levels not seen since May. While the latest fee frenzy comes in the wake of rising optimism in the market, it also highlighted the...Read More
In a recent revelation, a dormant Ethereum wallet holding $470 million worth of ETH has been linked to Rain Lõhmus, the founder of Estonia-based LHV Bank. However, Lõhmus has lost the private keys to this wallet, and he’s now seeking the help of the crypto community to regain access. LHV Bank Founder Rain Lõhmus Identified...Read More
The recent institutional landscape appears to be undergoing a shift, as Ethereum, which had been struggling with continuous outflows throughout the year, notably totaling $107 million, suddenly experienced a positive change.`According to the latest report by CoinShares, Ethereum has attracted the largest inflows since August 2022, totaling $17.5 million. In the latest turnaround, digital asset...Read More
In recent days, the crypto market has witnessed a surge of activity, with Bitcoin repeatedly knocking on the $35,000 level. Riding on Bitcoin’s bullish efforts, Ethereum traders are seizing the opportunity to push the price of ETH beyond the $1,900 zone. With continued negative Netflow suggesting that more Ethereum is being bought than sold, analysts...Read More
According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain...Read More
In addition to surging in price on crypto exchanges last month, Ethereum mainnet recently reclaimed dominance over its Layer-2 chains in daily transaction volume, according to data from L2Beat. Bloomberg crypto analyst Jamie Coutts recently said, “Public blockchains hold immense potential for empowering global citizens.” The most popular apps on Ethereum are for decentralized finance...Read More
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, digital asset investment products received a total of $326 million in inflows, marking the highest weekly influx since July 2022. The asset manager speculated that the rising optimism from investors that the US Securities and Exchange Commission would approve a spot-based Bitcoin...Read More
Till now, in October, Ethereum has seen a surge of more than 20%, revealing the bullish momentum of ‘Uptober.’ Nonetheless, as traders seek to cash in near the peak of $1,860, ETH’s price faces challenges in climbing higher. Yet, the sentiment seems favorable as various on-chain metrics turn bullish, indicating that ETH is poised for...Read More
