BitMine, an Ethereum-focused firm, announced that its shares have become one of the most heavily traded equities in the United States. In its Aug. 25 disclosure, the company referenced Fundstrat data showing that its stock recorded an average daily trading volume of $2.8 billion over the five trading days ending Aug. 24. That figure placed…
Digital asset investment products recorded their most significant withdrawal in months last week, with outflows totaling $1.43 billion, CoinShares‘ latest weekly report revealed. CoinShares reported that the sell-off marked the third-largest outflow of the year and the biggest since March. According to the firm, trading activity also intensified last week, with exchange-traded products (ETPs) generating $38…
Canary Capital has submitted plans to the US Securities and Exchange Commission (SEC) for a new product called the Canary American-Made Crypto ETF. According to an Aug. 25 filing, the proposed spot fund would limit its holdings to digital assets with strong US ties. That includes cryptocurrencies developed in the country, tokens predominantly minted or…
The last stretch of August has produced a sharp divergence between spot Bitcoin and Ethereum ETFs. Bitcoin ETFs recorded six consecutive days of outflows, draining nearly $2 billion from funds between Aug. 19 and Aug. 22 alone. In contrast, Ethereum ETFs posted two days of inflows after enduring several red sessions, indicating that investor interest…
Bitcoin slipped to its weakest level in more than a month after a major investor began unloading thousands of coins in favor of Ethereum. Data from CryptoSlate show the asset trading at roughly $111,600 on Monday, down nearly 3% in a single day and its lowest mark since early July. The sell-off erased gains from…
Crypto liquidations reached $806.44 million in the past 24 hours, wiping out leveraged positions at a scale not seen in weeks. The liquidation cascade followed a steep drawdown in prices: Bitcoin fell from an opening level of $114,163 to a close near $111,931, with intraday extremes stretching from $114,373 down to $110,802. Ethereum mirrored this…
Final week, Federal Reverse Chairman Jerome Powell set the crypto group on fireplace after speaking at the annual Jackson Hold economic symposium. Throughout his speech, Powell had hinted towards potential fee cuts that might occur within the month of September, and since fee cuts have been traditionally bullish for threat belongings, this rapidly triggered a…
The next is a visitor submit and evaluation from Shane Neagle, Editor In Chief from The Tokenist. Though the Terra (LUNA) collapse pricked the crypto bubble in Could 2022, it took the FTX change disaster to firmly pop it on the 12 months’s finish. Ever since, the blockchain narrative has been supplanted by the AI…
With September simply across the nook, Ethereum bulls are jittery, because the ninth month of the calendar 12 months has usually been related to weak point by the number-two coin. With a mean lack of -6.42% since 2016, September is the one worst-performing month for Ethereum over most cycles. Ethereum has been on a tear,…
Who doesn’t love a superb obituary? A becoming finish to a life properly lived. But, even the most effective eulogies on the earth lose their shine considerably when the topic isn’t deceased. In response to the most recent information from Bitcoin Is Useless, the web’s most complete database monitoring Bitcoin demise declarations, the number-one digital…