The upcoming launch of DED, the first meme coin on the Polkadot blockchain, has the potential to replicate the success of meme coins like Dogecoin and Shiba Inu, as meme coins continue to gain popularity in the crypto space and attract new investors.
Major cryptocurrencies had a mixed trading session amid the launch of U.S.-listed spot Bitcoin exchange-traded funds, with Bitcoin briefly surging above $49,000 before retracting, while Ethereum saw gains and the global cryptocurrency market cap increased by 2.21% in the past 24 hours.
The action in cryptocurrency-related stocks on Thursday consisted of widespread sell-offs in mining companies, likely due to investors reallocating funds into new spot Bitcoin exchange-traded funds (ETFs) that started trading that day. Despite the undeserved decline, there may be an opportunity for profit in Bitcoin mining stocks as the value of the coin continues to rise. However, caution is advised due to the high volatility of cryptocurrencies.
Vanguard's decision to not offer bitcoin ETFs has led to some customers closing their accounts and moving their money to other platforms, such as Fidelity, which is more crypto-friendly and allows trading of such products.
The first US ETFs that directly hold Bitcoin had a successful first day of trading, with over $4.6 billion worth of shares traded and record-breaking volume for the Grayscale Bitcoin Trust.
The concentration of risk in using Coinbase as the custodian for bitcoin ETFs, along with the inherent risks of crypto custodianship, raises concerns about the security of assets and the need for better oversight and cybersecurity standards in the industry.
Newly launched Bitcoin ETFs exceeded expectations on their first day, with a total volume of $4.5 billion, showcasing strong appetite from Wall Street investors who can now access BTC without holding the asset directly.
Injective launches the Volan chain upgrade, introducing its Real World Asset (RWA) Module, allowing easy access to structured products and RWAs, while Sui partners with Karrier One to bring DePIN and DeWi services to its layer-1 blockchain. Union Labs collaborates with Movement Labs and Noble to support USDC across Celestia, Open Dollar innovates Non-Fungible Vaults (NFVs), Bitfinity secures $7 million in funding, and Ethereum co-founder Vitalik Buterin proposes a gas limit increase. AOFverse receives a grant from Arbitrum Foundation for blockchain-powered mobile gaming, Uri Kolodny steps down as StarkWare CEO, Berachain opens its testnet, Aave votes to integrate PayPal's stablecoin, and Ryder becomes a signer for Stacks Nakamoto upgrade.
Bitcoin is predicted to reach its cycle top before 2025 in a blow-off top, according to crypto trader Credible Crypto, contradicting the popular four-year cycle theory.
Asset manager Franklin Templeton has embraced cryptocurrency culture by updating its logo to feature laser eyes, signaling its support for the crypto market's hopes for a parabolic Bitcoin price rally, while Vanguard has taken a different approach by blocking customer access to Bitcoin ETFs due to its view on the high volatility of cryptocurrencies.
Michael Saylor, the co-founder of MicroStrategy, remains a strong advocate for Bitcoin and has encouraged investors to buy more, even suggesting mortgaging their houses to invest in the cryptocurrency, despite recent price declines.
Despite negative economic news, the Dow Jones Industrial Average saw a modest gain, while Bitcoin and certain stocks experienced declines.
The IRS will waive the standard "failure to pay" penalty for over 4.7 million tax filers who haven't paid their 2020 or 2021 taxes, including those who failed to report their crypto transactions, saving taxpayers a collective $1 billion.
An actor hired to pose as the CEO of a collapsed cryptocurrency hedge fund called HyperVerse has apologized to investors after his real identity was revealed, claiming that he had no part in the scheme and did not profit from it.
The article discusses Bitcoin developer Luke Dashjr's proposal to amend open-source software and the controversy surrounding its closure, with Ava Chow, a Blockstream developer, providing detailed responses defending her decision to close the proposal.
ARK Invest CEO Cathie Wood raised her prediction for the price of bitcoin to $1,500,000 by 2030 in a bullish scenario, citing the SEC's approval of spot bitcoin ETFs as a significant catalyst.
The price of Ethereum Name Service (ENS) has surged, breaking through long-term resistance levels and reaching a high of nearly $25, with a possible correction to $18 before potentially increasing to $40.
The Securities and Exchange Commission's approval of spot bitcoin exchange-traded funds in the U.S. may result in the largest first-day influx of funds into a specific ETF, with BlackRock's iShares Bitcoin Trust potentially receiving $3 billion in inflows on its first trading day.
The world's largest options exchange, Cboe Global Markets Inc., has filed for approval to offer options tied to exchange-traded products holding Bitcoin, following the recent approval of spot Bitcoin ETFs.
Ethereum co-founder Vitalik Buterin has suggested increasing the network's gas limit by 33%, which would raise transaction capacity and potentially reduce fees for users, although it could increase costs for validators.
The Securities and Exchange Commission has approved the first U.S.-listed spot bitcoin exchange-traded funds (ETFs), which may lead to a selling pressure but JPMorgan sees it as a buying opportunity.
Bitcoin and other cryptocurrencies experienced a spike and subsequent decline in value following the approval of the first spot Bitcoin exchange-traded funds by the SEC.
Bitfinity, a new developer in the Ordinal Inscription protocol, has raised $7 million to integrate its Ethereum Virtual Machine with Bitcoin and support Bitcoin-enabled DeFi services using a sidechain on the Internet Computer, allowing smart contracts to hold and transfer Bitcoin and Ordinal assets on-chain.
Cryptocurrency is being increasingly used by vendors of child sexual abuse materials to evade law enforcement, with new research showing that the use of privacy tools and "privacy coins" like Monero has allowed them to survive longer in the online child exploitation industry. While the total revenue from cryptocurrency-based sales of child sexual abuse materials has decreased, the sophistication of these sales has increased, making it more difficult to trace and prosecute these criminals and rescue victims.
Circle Internet Financial, the issuer of the USDC stablecoin, is filing to sell shares to the public for the first time, following its move to become a publicly listed company and the SEC's approval of spot bitcoin ETFs.
Investor interest could shift from Bitcoin to Ethereum as Bitcoin tops out and Ethereum is expected to outperform, with the recent false report about a Bitcoin ETF approval indicating a need for actual ETF inflows for Bitcoin upside, according to economist Alex Krüger.
Bitcoin's price surged to $47,000 following the approval of the first spot Bitcoin ETFs by the SEC, allowing institutional investors to gain exposure to Bitcoin without directly holding the cryptocurrency themselves.
Wall Street is focusing on the latest inflation reading as the Federal Reserve prepares for its upcoming meeting, while Bitcoin jumps following the SEC's approval of the first spot bitcoin ETFs.
The approval of spot bitcoin ETFs has sparked optimism among ether traders, who are hoping for a spot ether product as well, as it could increase investment and interest in Ethereum-based projects and layer 2 networks, leading to more innovation and growth within the ecosystem.
Ben Franklin Templeton, an asset manager with its own bitcoin ETF, has added laser eyes to its logo as a nod to the crypto culture, showing how companies in the bitcoin ETF market are differentiating themselves from each other.
Apple users who had a Family Sharing program may be eligible to receive up to $30 as part of a $25 million settlement for allegedly misrepresenting the feature, while Verizon customers who were charged an administrative fee can file a claim to receive up to $100, and "Fortnite" players who were charged for unwanted purchases can apply for a refund of charges made by Epic Games.
Following the approval of multiple spot Bitcoin ETFs, hopes for a spot Ethereum ETF have driven ETH prices to levels unseen since May 2022, with traders speculating a 70% chance of approval by May.
Approving spot bitcoin exchange-traded funds (ETFs) will benefit institutional investors by providing low management fees, enabling arbitrage strategies and options hedging, and offering investor protection and better liquidity, although long-term demand will depend on product suitability and market adoption, according to a report by Goldman Sachs. Nonetheless, potential drawbacks include limited trading hours and reliance on the ETF manager's ability to carry out the management strategy.
Entities from the Hedera and Algorand ecosystems are collaborating to develop a new interoperability recovery standard, known as the DeRec Alliance, that aims to simplify the process of recovering and adopting crypto and other digital assets.
Darin Feinstein, the CEO of Core Scientific, predicts that the Bitcoin price will continue to rise indefinitely, with another potential 200x increase in the next decade, due to its immutable ledger and the inability to change historical transactions.
India's cryptocurrency dreams have been dampened by restrictive regulations and a decline in prices, leading to a shift in focus away from digital assets and a decrease in trading volumes.
CoinGecko has introduced a new category for restaking tokens, leading to speculation that restaking could be a major growth area. Restaking allows users to secure multiple networks simultaneously by staking the same ETH on both Ethereum and other protocols, leveraging Ethereum's security and trust system. The restaking market capitalization is currently around $300 million, with Pendle Finance being the largest restaking token by market cap. Additionally, Ethereum's native ETH asset has surged in price, reaching over $2,600 for the first time in almost two years.
Elon Musk expressed openness to the idea of using Bitcoin on X, comparing it to gold and stating that it is not good for payments, while also mentioning his personal investments in Dogecoin and SpaceX's investments in Bitcoin.
The U.S. has approved spot bitcoin ETFs, allowing retail customers and traditional financial institutions to gain exposure to bitcoin's price through conventional brokerage apps and accounts, with trading set to begin on Thursday morning on major U.S. markets run by NYSE, Cboe Global Markets, and Nasdaq.
Ark Invest CEO Cathie Wood commented on a false post by SEC Chairman Gary Gensler regarding Bitcoin ETFs, which caused confusion and volatility in the market.
The United States Securities and Exchange Commission (SEC) has approved the trading of spot Bitcoin exchange-trading funds (ETFs) after more than 10 years of waiting, with SEC Commissioner Hester Pierce criticizing the agency for the unnecessary delay and the harm caused to investors and the cryptocurrency industry.
Solana degens take advantage of the SEC's approval of a spot Bitcoin ETF and create meme coins like ETF and BTCETF, which experience massive price spikes followed by significant drops.
The US Securities and Exchange Commission has approved eleven spot bitcoin ETFs, with Coinbase serving as the custodian for the majority of the issuers approved, marking a significant day for the crypto industry but acknowledging that this is just one step towards wider acceptance.
The United States SEC has approved spot Bitcoin ETFs, causing a choppy price for Bitcoin but a rise in Ethereum and native tokens for Ethereum scaling networks.
Bitcoin and other cryptocurrencies surged after US regulators approved bitcoin ETFs, potentially broadening the investor base for bitcoin and leading to increased demand for crypto assets.
Twitter has removed the option for premium users to use a verifiable NFT image as their profile picture, a feature that was initially introduced as an exclusive benefit before being discontinued.
A profitable investor who made millions on Bonk recently bought over three billion Bonk tokens, while whales also made significant moves with Wrapped Bitcoin, according to blockchain tracking firm Lookonchain.
The MVRV ratio is indicating that several cryptocurrencies, including Fantom, Loopring, Cardano, Enjin Coin, and Decentraland, are currently undervalued, prompting the question of whether it is a good time to buy. However, investors should consider other factors such as market trends, economic conditions, news, unique aspects of each cryptocurrency, and risk tolerance before making a decision.
The Solana Saga smartphone owners are receiving valuable airdrops, including an NFT called Saga Monkes that is selling for over $1,000, making it more valuable than the phone itself.
JP Morgan CEO Jamie Dimon reiterated his belief that Bitcoin is used for criminal activities and tax evasion, despite BlackRock naming JP Morgan as an active participant in its pending Bitcoin ETF filing with the SEC. Although Dimon warned of potential failure, he remains opposed to the digital asset and its potential value.