Author: CryptoHoppers
SUI continued its recovery towards its all-time high and was up over 10% in the past 24 hours backed by ecosystem growth. Sui (SUI) rebounded after remaining in a downtrend for four days as its price rose from $1.62 to $2.08 bringing its market cap to $5.7 million. Heightened investor activity drove its trading volume up 35% to $1.76 billion on Oct. 30, after more than doubling on Oct. 29 from the previous day. Mainly driving the recent rally was excitement around the launch of a Major League Soccer-themed NFT collectibles platform called MLS Quest on Sui in partnership with…
Key Takeaways Investors flocked to US Bitcoin ETFs on Tuesday, pouring in a record $870 million. The surge coincided with Bitcoin’s 7% weekly gain, propelling the crypto above the $73,000 mark. Share this article US spot Bitcoin ETFs saw a massive $870 million net inflow on Tuesday, the largest single-day influx since June 4, according to data from Farside Investors. The stellar performance came on the same day Bitcoin broke the $73,000 level, marking a 7% increase over the past week, CoinGecko data shows.BlackRock’s IBIT continued its hot streak, drawing a record $643 million in net inflows yesterday. This marked…
The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties with Russia During a meeting in Dubai, UAE President Sheikh Mohamed bin Zayed Al Nahyan emphasized his intent to […] Source link
Spot Bitcoin ETFs have accumulated over $22 billion in inflows, reflecting strong market demand. Retail investors now hold 80% of total assets in Bitcoin ETFs, driving significant interest. Since their introduction, spot Bitcoin [BTC] exchange-traded funds (ETFs) have experienced a remarkable surge in popularity, amassing cumulative inflows that have eclipsed $22 billion. Among the frontrunners, BlackRock’s IBIT stands out with an impressive $23 billion in inflows, while Grayscale’s GBTC has faced notable outflows totaling $20 billion. As expected, the recent momentum in BTC ETFs continued with nearly $1 billion in net inflows recorded last week, marking the highest demand seen…
Key Takeaways Bitcoin’s recent price surge to $71,000 is closely linked to substantial inflows into Bitcoin ETFs. Despite market fluctuations, Bitcoin maintains a strong recovery momentum. Share this article Bitcoin has rallied over 5% to $71,500 and is now within striking distance of its all-time high of $73,700. The surge comes as the US presidential election is just days away.According to data from CoinGecko, the largest crypto asset by market cap broke the $70,000 price level on Monday after a minor correction last week, mostly driven by the escalating conflict in the Middle East and alleged regulatory scrutiny over Tether.Despite…
Duo Nine, the founder of YCC, alerted others about an ongoing vampire attack on Bitcoin, which Satoshi Nakamoto foretold in the Bitcoin whitepaper. Nine explained that the inclusion of third parties siphoning value from the Bitcoin blockchain to other blockchains might affect its operability in the future. Bitcoin Facing Troublesome Vampire Attack Foretold by Satoshi […] Source link
With a market dominance of 8.40%, Tron has secured its place as the second-largest blockchain after Ethereum, which holds a hefty 55.99% share. Over the past week, Tron’s value grew by 2.7%, accompanied by a notable rise in energy consumption. This increase in activity has drawn attention from the crypto community, especially as it aligns with the popularity of SunPump, a Tron-based platform launched in August. Many believe there is a link between SumPump’s success and Tron’s growth.Let’s analyze further. Ready? Tron Blockchain Growth AnalysisThe 24-hour volume of Tron is $33,996,813, and its dominance is 8.40%. In the last 24 hours…
Key Takeaways Circle’s IPO continues as planned without additional funding needs. Tether, Circle’s competing stablecoin issuer, faces allegations of facilitating illegal activities. Share this article Circle is financially strong and well on track to pursue a public listing without needing to raise additional funds, said Circle CEO Jeremy Allaire in a recent interview with Bloomberg. “We’re in a financially strong position and have been able to build a very solid business, and we’re currently not seeking any funding,” said Allaire in a recent interview with Bloomberg. The company behind the second-largest stablecoin USDC filed with the SEC earlier this year…
Trader Willy Woo reflected on market trends and the behavior of altcoins in what he called this third alt-cycle. This cycle, Woo stated, is marked by the emergence of meme coins, “a piss-take on the crypto space.” Unlike the last cycle, which Woo linked to the appearance of decentralized finance (defi), he believes this time, […] Source link
Today, Emory University has reported a substantial investment in Grayscale Bitcoin Mini ETF. The university has invested more than $15 million in this Bitcoin ETF investment product. Moreover, it became the first U.S. university to report its exposure into Bitcoin. Grayscale Bitcoin Mini ETF Gains Major Investment According to an SEC filing dated October 25, he Emory University reported owning $15,082,241 worth of shares (2,678,906 shares) as of September 30. This highlights a growing trend among institutional investors embracing digital assets, particularly crypto ETFs. The timing of this revelation aligns with a broader positive sentiment in the spot Bitcoin ETF…