Author: CryptoHoppers

According to CryptoQuant CEO Ki Young Ju, if Bitcoin’s price stays above $45,000, it could surpass its all-time high within a year. Bitcoin (BTC) rebounded from a tumultuous weekend, and optimism remains in the crypto market despite some bearish indicators in the financial markets.  On Aug. 5, global financial markets experienced declines as Japan’s benchmark index plummeted over 12%, while the Dow Jones and Nasdaq also saw substantial drops. Tech giants collectively lost $650 billion in market cap. The crypto market was also affected as Bitcoin dropped below $50,000, hitting $49,578. Young Ju warned on X that the crypto market…

Key Takeaways Grayscale’s Ethereum ETF experienced its lowest daily outflow. Despite mixed performance, the nine ETFs collectively saw net inflows of $98 million on Wednesday. Share this article Around $40 million exited the Grayscale Ethereum Trust, now trading as an exchange-traded fund (ETF) on August 6, according to data from Farside Investors. This marks the lowest daily outflow since its conversion from a trust last month.US spot Ethereum ETF saw positive flows on August 6The daily pace of outflows from the fund, operating under the ETHE ticker, hit a peak of $484 million on its debut date. ETHE outflows topped…

The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which tokens were issued, their purported classification, and the assets supporting the issuance of such tokens. Brazilian Securities Regulator CVM Investigates Tokenization Companies’ Activities The Brazilian […] Source link

The dominant asset in the cryptocurrency market, Bitcoin (BTC), has experienced an unexpected and sharp decline, hitting levels not seen in months. At the moment, BTC exchanged hands at $50,899, marking a 16.40% dip over the last 24 hours. BTC/USD 1-Day Chart ( Source- CoinMarketCap ) Earlier today, it plunged to $49,111, marking its first fall below the $50K threshold since February. This steep decline starkly contrasts with the cryptocurrency’s impressive performance just a week ago when it soared to a $69,987 high on July 20. Since that peak, Bitcoin has lost over 28% of its value. Crypto Market Cap…

By the first quarter of 2025, builders could have the ability to architect their gaming blockchain. This stems from Ronin’s announcement, in which it stated its commitment to launching zero-knowledge EVM on the network.  This will enable builders to construct their chains on top of the mainnet network. The idea is to leverage the potential of the Polygon Chain Development Kit, simply known as Polygon CDK. Ronin has defined this as a big step towards achieving scalability and a permissionless ecosystem. Builders who create their chains on the mainnet will have access to 1.5 million daily active users. This has…

Key Takeaways Zoth has raised $4 million to fund its Tokenized Liquid Note backed by US Treasury Bills and corporate bonds. The company targets institutional investors with its blockchain-based fixed-income products. Share this article Zoth, a decentralized finance infrastructure company specializing in the tokenization of real-world assets, has successfully secured $4 million in a strategic funding round, said the company in a Monday press release. The fresh capital will be used to accelerate the launch of its product, the Tokenized Liquid Note (ZTLN).The ZTLN is a $100 million product backed by secure, low-risk assets like US Treasury Bills and top-rated…

Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by […] Source link

Indeed, the Bitcoin price performance has been one of the high points in the crypto landscape in recent weeks. However, the premier cryptocurrency has not exactly made a dreamy start to the new month, sparking conversations about the coin’s history in August. Interestingly, a blockchain firm has indicated that it might not be all gloom for the value of Bitcoin, as the market leader might experience a price rebound over the next few days. Bitcoin Price Might Be At A Bottom — Here’s What Is Next Prominent cryptocurrency analytics platform Santiment has revealed that a “relief rally” might be around…

The crypto market decided to take a nosedive over the weekend, with Bitcoin taking the express elevator down to below $60,000 for the first time since July 13. Observers took to X.com to blame the plummet on a cocktail of factors, including Israel’s bracing for potential attacks from both Iran and Hezbollah, with warnings of reported planned assaults as early as Monday. Bitcoin (BTC) shed 10% of its value during the weekend, leaving it just shy of $55,000, according to CoinGecko. As of the last check, Bitcoin was having a sulk at $54,348.20, down a dramatic 9.6%. Bitcoin 24-hour price…

Key Takeaways Ethereum’s price plummeted over 30% in a week, leading to massive whale wallet liquidations. Total ETH network liquidations surpassed $100 million in one hour amid market crash. Share this article A sharp decline in Ethereum (ETH) prices triggered a wave of liquidations among leveraged ETH whales, exacerbating the downward pressure on the crypto, according to on-chain analyst EmberCN.These liquidations include: Address 0x1111567e0954e74f6ba7c4732d534e75b81dc42e: Liquidated 6,559 ETH to repay a 277.9 WBTC loan. Address 0x4196c40de33062ce03070f058922baa99b28157b: Liquidated 2,965 ETH to repay a 7.2 million USDT loan. Address 0x790c9422839fd93a3a4e31e531f96cc87f397c00: Liquidated 2,771 ETH to repay a 6.06 million USDC loan. Address 0x5de64f9503064344db3202d95ceb73c420dccd57: Liquidated…