Author: CryptoHoppers

Key Takeaways Grayscale and CoinShares have applied for ETFs including Litecoin, Solana, and XRP. Approval of these ETFs would expand regulated investment options for crypto assets. Share this article Grayscale Investments and CoinShares have filed for multiple crypto exchange-traded funds, targeting assets including Litecoin, Solana, and XRP as both firms seek to expand regulated investment options.Grayscale has submitted applications for ETFs tracking both Litecoin and Solana. The Litecoin ETF would track LTC’s price movements without requiring direct ownership, building on the firm’s existing Litecoin Trust product.Grayscale previously filed to convert its existing Grayscale Solana Trust (GSOL) into a spot Solana…

According to a report by The Wall Street Journal, business intelligence firm MicroStrategy may face significant tax liabilities on its unrealized Bitcoin (BTC) gains, valued at $19 billion. MicroStrategy, notably the world’s largest corporate BTC holder, currently holds more than 430,000 BTC on its balance sheet. Unrealized Bitcoin Gains Could Pose Challenges For MicroStrategy As of now, MicroStrategy’s total Bitcoin holdings are worth over $47 billion, with $19 billion in unrealized gains. Over the years, the US-based company has raised funds through stock and debt offerings to finance its BTC purchases. While MicroStrategy has not sold any Bitcoin to date,…

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here’s what this could mean for BTC’s price. Bitcoin NVT Golden Cross Has Plunged Into Bottom Zone Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC NVT Golden Cross has declined to the lowest level in two months recently. The “NVT Ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume. When the value of this metric is high, it means the value of the network (that is, the market cap) is…

Ali, a crypto analyst, points to Bitcoin’s potential support level at $97,530 as key in sustaining the current bullish momentum. The main support level to be monitored for Bitcoin is $97,530. Staying over this level is critical to keeping the current bullish momentum afloat, believes Ali. Bitcoin (BTC) has been trading in a tight range since hitting a new all-time high (ATH) of $109K on Jan. 20, 2025, and is now quoted at $105,128.95 as of Jan. 24. This reflects a 3.5% decline from the previous high, as per CoinMarketCap.  Understanding Bitcoin’s support level  In crypto trading, support levels are an important…

Key Takeaways The SEC has replaced SAB 121, offering a principles-based approach for crypto custody accounting. Under SAB 122, banks are allowed to use established accounting principles to assess and record potential risks associated with holding customer crypto. Share this article The US SEC has issued Staff Accounting Bulletin No. 122 (SAB 122), rescinding specific accounting guidance for custodial crypto assets previously addressed in SAB 121. This change provides more accounting flexibility, easing the accounting burden for firms, including regulated banks, considering offering crypto custody services.SEC commissioner Hester Peirce announced SAB 122 on X, stating, “Bye, bye SAB 121! It’s…

Key takeaways: Our SEI price prediction anticipates a high of $0.78 by the end of 2025. In 2027, it will range between $1.35 and $1.57, with an average price of $1.39. In 2030, it will range between $4.20 and $4.90, with an average price of $4.34. The parallel stack, a robust, open-source framework designed for crafting rollups and layer 2s that harness parallel processing, is now on SEI V2. The stack enhances Ethereum’s performance by targeting most bottlenecks that Layer 2 blockchains face. Such developments are anticipated to drive SEI value over the long term. Regarding price performance, SEI shows…

Key Takeaways The SEC is facing its first deadline to decide on Grayscale’s proposal to convert Solana Trust to an ETF. Multiple firms, including VanEck and Bitwise, await SEC decisions on their Solana ETF proposals. Share this article The US SEC faces its first deadline today to make a decision on Grayscale’s application to convert its Solana Trust (GSOL) to an ETF. Proposed Solana ETFs from VanEck, 21Shares, Canary Capital, and Bitwise expect the regulator’s decision on Jan. 25.Source: BloombergNYSE Arca proposed listing shares of GSOL as a spot Solana ETP on December 4. The trust, which launched in April…

Blockchain is a strange beast.  Few technologies have endured so many fad-style phases, such as the NFT artwork craze and memecoin cycles, yet have such a powerful foundation that they continue to develop and evolve new value across industries.  While for some of the mainstream the term “blockchain” is associated only with crypto coins or pixelated trading cards, the fact is that blockchain has a framework that allows it to accomplish what no other technology can.  True decentralization is only possible with blockchain.  A DAO that is made up of a community scattered across the globe can effectively lead a…

Key Takeaways Donald Trump pardoned Ross Ulbricht, fulfilling a promise made during his re-election campaign. The pardon has garnered support from libertarians and crypto advocates who viewed Ulbricht’s life sentence as excessive. Share this article President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the infamous Silk Road marketplace. This decision fulfills a key campaign promise made by Trump during his bid for re-election, though it arrived later than anticipated.Trump announced the pardon on Truth Social, stating he informed Ross Ulbricht’s mother of the decision, honoring her and the Libertarian Movement. He criticized…

An analyst known for making timely crypto calls is sounding the alarm about the possibility that the asset class may be hovering close to a bull market peak. Pseudonymous analyst Bluntz tells his 309,000 followers on the social media platform X that while there are some coins still flashing bullish signals, the market as a whole may be on the verge of printing a cycle top. “There are crypto top signs everywhere right now. Definitely some nice charts around still but regardless of that, I think we’re at the stage in the cycle where it would be prudent to take…