Author: CryptoHoppers
According to popular crypto analyst Rekt Capital, Bitcoin has successfully broken out of a months-long downtrend, potentially setting the stage for a rally to new heights. The analyst points to Bitcoin’s convincing break above a series of lower highs, with a weekly close well above the critical $61,900 level. This move, Rekt Capital argues, signals the end of the downtrend that has been in place since late July. The road to Bitcoin hitting $67,000 While the breakout is certainly bullish, Rekt Capital cautions that a retest of the former downtrend line is possible. This could see Bitcoin pull back to…
Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of four major United States regulators. The letters demand that the regulators communicate across agencies about a particularly controversial SEC bulletin from 2022, known as SAB 121. One of the letters was addressed to SEC Chair Gary Gensler — just a day before Gensler would join all of his fellow SEC commissioners in a U.S. House Financial Services Committee hearing on…
Key Takeaways BlackRock’s Bitcoin and Ethereum ETFs experienced a huge influx of $158 million in one day. Global monetary policies, including US rate cuts and China’s stimulus, boost crypto market confidence. Share this article BlackRock’s spot Bitcoin and Ethereum exchange-traded funds, the iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 million in net inflows on Tuesday amid a crypto market recovery that saw Bitcoin surge past $64,000.According to data tracked by Farside Investors, the IBIT fund logged approximately $99 million in new capital, bringing its total net buying since launch to $21 billion.IBIT made a…
Get ready for an exciting new chapter in the world of digital art as Slimesunday, the Boston-based artist, unveils his latest solo show, “The Mixtape.” The exhibition will take place at Pellas Gallery on Thursday, October 3rd, 2024, from 6:30 PM to 9:00 PM, promising an immersive experience that pushes boundaries with its innovative blending of nostalgia, censorship, and deeply personal expression. A Deeper Dive into Slimesunday’s Artistic Vision Slimesunday, known for his controversial and thought-provoking digital collages, has become one of the most prominent creators in the NFT and digital art space. His work often explores themes of censorship,…
Mitroplus Labs Africa, a Ugandan blockchain education institution, launches “Afro” meme token on Tron’s Sunpump network. Afro, represented by an African girl, is intended to promote African identity in blockchain education. Founder Ivaibi Festo says Afro’s success will demonstrate Mitroplus Labs’ ability to develop utility tokens. The token will be integrated with educational seminars and […] Source link
Bitcoin is currently trading around $63,500 as we start the journey into the last week of September with optimism for bullish prices. Renowned crypto analyst Willy Woo has offered an optimistic outlook for Bitcoin’s next steps, drawing attention to a key technical indicator, the Puell Multiple. In his recent analysis, Woo suggested that Bitcoin is positioned for a significant rally, forecasting bullish momentum as we head into the final quarter of 2024. The Role Of The Puell Multiple Willy Woo’s outlook revolves around the Puell Multiple, a metric that helps identify Bitcoin’s market cycle peaks and troughs by comparing the…
The Celestia Foundation has raised $100 million, led by Bain Capital Crypto, bringing its total funding to $155 million. Launched in October 2023, the Celestia Mainnet Beta introduces a modular consensus and data network, enabling developers to build high-throughput applications without the limitations of traditional blockchains. This innovation has already resulted in the deployment of 20 rollup chains, with data blobs exceeding half of the total published by rollups. Celestia aims to significantly improve data throughput, targeting 1 gigabyte blocks to revolutionize blockchain scalability. Follow us for inspiring posts and storiesWe’d Love to Hear Your Thoughts on This Article!Was this…
Key Takeaways Grayscale’s Ethereum Trust led the outflows with over $80 million withdrawn in one day. Bitwise’s Ethereum ETF was the only fund without outflows, gaining over $1 million. Share this article Over $79 million was withdrawn from nine US spot Ethereum ETFs on Monday, the largest single-day outflow since July 29, according to data tracked by Farside Investors. The Grayscale Ethereum Trust, or ETHE, led redemptions, with investors pulling over $80 million from the fund.Since its ETF conversion, the ETHE fund has seen net outflows of over $2.8 billion. Despite continued bleeding, it is still the largest Ether fund…
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only […] Source link
Franklin Templeton, a global asset management firm with $1.5 trillion AUM, has announced its plans to launch a mutual fund natively on the Solana blockchain. The announcement came during Solana Breakpoint 2024 in Singapore, where Mike Reed, who leads Partnership Development at Franklin Templeton, delivered a keynote speech. Franklin Templeton’s Journey Into On-chain Mutual Funds At the Solana Breakpoint 2024 event, Reed outlined the firm’s decision to bring a money market fund on-chain. He also highlighted how blockchain technology has the potential to enhance operational efficiency in the financial services domain. “Our idea was to, you know, try and find…