Author: CryptoHoppers
Decentralized finance protocol Aave is seeing a significant spike in whale activity as the market looks to bounce from the recent dump that pushed most altcoins to key support areas earlier this week. On July 31, Lookonchain shared details indicating whales had aggressively accumulated Aave (AAVE) over the past two days. According to the data, whales withdrew over 58,848 AAVE worth $6.47 million from exchanges during this period. In one instance, the whale address 0x9af4 withdrew 11,185 AAVE worth $1.23 million from Binance. Meanwhile, another address moved 21,619 AAVE worth over $2.38 million from the exchange and deposited the tokens…
Key Takeaways Grayscale’s Ethereum ETF lost nearly $2 billion in outflows since its ETF conversion. Ethereum Mini Trust’s lower fees have attracted over $200 million in inflows. Share this article Investors have yanked almost $2 billion from Grayscale’s Ethereum exchange-traded fund (ETF) since it was converted from a trust, data from Farside Investors reveals. The fund, operating under the ETHE ticker, saw its market value plummet to $6.7 billion amid Ether’s price decline.Grayscale’s ETHE shed $133 million on Wednesday, a significant loss but not its worst day on record. The fund saw its largest outflow on its ETF debut day,…
SuperRare and Colonna Contemporary have partnered to present “The Elephant” by Amit Sharma, a captivating collection that marries real photographs with Generative AI. This innovative series investigates the psychological phenomena associated with False Memory, delving into how we perceive and remember the world around us. The Concept of “The Elephant” Amit Sharma’s “The Elephant” is an artistic exploration of the intricate play between perception and belief. By augmenting real photographs with Generative AI, Sharma invites viewers to question their understanding of reality. This series is divided into three thematic movements: residual memory, source confusion, and half-truth, each reflecting different aspects…
U.S. Senator Bill Hagerty has discussed former President Donald Trump’s bitcoin plan, which includes creating a national bitcoin stockpile. The lawmaker expects to see several legislative proposals beyond what Trump announced. He believes this move will establish credibility for the currency and demonstrate national support for it. Senator Hagerty Discusses Trump’s Bitcoin Strategy U.S. Senator […] Source link
Are you ready to cut ties with your Best Buy credit card? Before diving into the specifics of cancellation, let’s acknowledge that this decision often comes with both financial and logistical considerations. Perhaps you’ve been shouldering annual fees, grappling with a less-than-ideal credit limit, or simply want to streamline your financial profile. Whatever your reasons, you should make sure to approach the cancellation process with care to avoid any potential setbacks. Let’s explore the steps to cancel your Best Buy credit card effectively and weigh the benefits and drawbacks that come with this choice. Key highlights: Prepare necessary account details…
The Polkadot ecosystem is facing a set of unique challenges in the Web3 ecosystem. To start, it is facing a backlash from the community for its spending. A recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns. Polkadot Faces Challenges There is an uproar in the crypto community especially Web3 concerning Polkadot. Let’s unpack victorji.eth on X, the man behind Manta CeDeFi and the founder of the previous largest (non-DOT) TVL in the Polkadot ecosystem, tweeted ,“I have to say that we do not want to engage with the Polkadot ecosystem and team…
Key Takeaways BlackRock’s iShares Ethereum Trust led with $118 million in inflows, courting major outflows from Grayscale’s fund. US spot Ethereum ETFs collectively posted nearly $34 million in net inflows on July 30. Share this article Net flows into the group of nine spot Ethereum exchange-traded funds (ETFs) turned positive in Tuesday trading as BlackRock’s iShares Ethereum Trust (ETHA) raked in $118 million in net inflows, sufficiently offsetting large withdrawals from Grayscale’s Ethereum ETF (ETHE), according to data from Farside Investors.Investors pulled around $120 million from Grayscale’s ETHE on Tuesday, bringing the outflows after six trading days to over $1.8…
The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World […] Source link
The specter of inflation, once a haunting presence in financial markets, is beginning to fade. June’s CPI data, a crucial economic barometer, has signaled a potential turning point. With the annual inflation rate hovering at its lowest point in over three years, the stage is set for some long-awaited fiscal adjustments. A Federal Reserve poised to ease its monetary grip is music to the ears of crypto investors, and as the summer heat intensifies, so does the potential for cryptos to ignite. Plus, as ETH ETF bullishness forms, the potential for gains builds along with it. Four best cryptos to…
As Bitcoin flirted with the $70,000 mark on Monday morning, analysts at Bitfinex issued a cautionary note, suggesting the rally might be short-lived due to an impending significant options expiry. Bitfinex analysts predicted in a note that they expect “potential further downward pressure” on the price of Bitcoin (BTC) as the monthly expiry of around $2.2 billion is set to occur on Aug. 2. They suggest this event could cause Bitcoin to stall or even pull back slightly from the $68,000-$69,000 resistance zone. Despite the risk of a pullback, the analysts highlight that leveraged long positions are currently more influential…