Ethereum slipped 2% to $4,457 in early trading after SharpLink Gaming (SBET) posted a sharp $103.4 million quarterly net loss. The setback came even as the company expanded its Ethereum holdings to 728,804 ETH, worth more than $3.2 billion, marking its first financial report since pivoting to an ETH-focused treasury strategy in June. Another day,…
Ripple’s XRP has held up this month with institutional demand being the key to the August rally. It’s currently trading at $3.14 above the $3.02 support after reaching $3.35 last week. With whale accumulation increasing and technicals tightening, investors are wondering if the momentum can continue. BOOOOOMMMM!!!#XRP WHALES ARE BUYING THE DIP! 120M coins accumulated!…
Ethereum is holding firmly above the $4,400 level after recently reaching $4,792, just shy of its 2021 all-time high. The world’s second-largest cryptocurrency has seen weeks of massive gains, driven by strong institutional interest, shrinking supply on exchanges, and growing demand across decentralized finance. Bulls remain in control as momentum pushes ETH closer to record-breaking…
This week saw record trading in US spot Bitcoin and Ether ETFs, driven largely by a sudden rush into Ether funds. According to ETF analyst Eric Balchunas, Ether ETFs alone posted roughly $17 billion in weekly volume, a figure that surprised many after months of quiet. The spike has pushed trading desks to rethink how…
Brevan Howard, one of the world’s leading alternative investment firms, has just become the largest institutional holder of BlackRock’s iShares Bitcoin Trust (IBIT). Launched on January 11, 2024, IBIT has quickly cemented itself as the world’s most traded Bitcoin ETF, boasting an AUM of $87.7B and a stellar 1-year return of 77.7%. With a NAV…
ETHZilla – originally 180 Life Sciences – recently completed a $425 million PIPE financing backed by over 60 institutional and crypto‑native investors. Some of its participants include: Harbour Island, Electric Capital, Polychain Capital, GSR, Omicron Technologies, and Lido, among others. In this interview, we speak with McAndrew Rudisill, the incoming chairman of ETHZilla’s board of directors, to understand how…
The US Securities and Exchange Commission (SEC) and Ripple are one step closer to ending their long-running legal battle. However, the case’s final closure still depends on court approval. On August 15, the SEC submitted a status report to the Court of Appeals confirming that both parties have agreed to drop their legal appeals and…
Gemini has filed an S-1 with the US Securities and Exchange Commission, aiming to go public on the Nasdaq Global Select Market under the ticker GEMI. Key Takeaways: Gemini has filed to list on Nasdaq under ticker GEMI, with major Wall Street banks leading the IPO. The company faces mounting losses, posting a $282.5 million…
American Bitcoin, a US cryptocurrency miner backed by Donald Trump Jr. and Eric Trump, is seeking acquisitions in Asia to expand its Bitcoin holdings, according to people familiar with the plans. Key Takeaways: American Bitcoin is exploring acquisitions in Japan and Hong Kong to grow its Bitcoin reserves. The company plans a September public listing…
Bitcoin investors are once again debating the future of the market, but this time, the discussion isn’t about the familiar four-year cycle. Instead, ChatGPT has proposed that BTC has the potential to enter a “supercycle,” which is reshaping the price action and potentially boosting BTC price towards $200,000. A Shift From Traditional Four-Year Cycles For…