Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million. Spot Bitcoin ETFs…
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US Ether ETFs See Negative Flows as Grayscale Offloads $356.26M
U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows. Grayscale’s Ethereum Trust Sheds…
Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High…
Ethereum Open Interest Rises By $1.5 Billion – What This Means
Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100. However, amidst…
University of Wyoming Launches First Bitcoin Research Institute
The University of Wyoming (UW) has established the UW Bitcoin Research Institute, marking the first academic institute dedicated to Bitcoin studies. Dr. Bradley Rettler, an Associate Professor of Philosophy and author of Resistance Money: A Philosophical Case for Bitcoin, has…
WATCH: Donald Trump, Vivek Ramaswamy to Speak at Largest Bitcoin Conference in Nashville
The Bitcoin 2024 conference, the largest Bitcoin event in the world, is taking place this week in Nashville with several big-name speakers, including Donald Trump, Vivek Ramaswamy, Cathie Wood, Michael Saylor and more. 2024 Nashville General Day 2 https://t.co/Tpa1ItlF9D —…
Ethereum ETFs Approved By The SEC, Investors Believe The Bull Market Is Enroute As Rollblock Reaches 6,000 Users And Cardano Sees Sharp Gains
The first Ethereum ETFs are being released, and the surprising thing is that they hardly made a blip on the radar as Ethereum is down 10% for the week. Another surprise is that Cardano saw some influx, showing that the…
Chainlink Poised for Potential Breakout as Market Eyes $37 Price Target
Chainlink trades at $13.42, showing a 3.07% increase, amidst forming a symmetrical triangle pattern on weekly charts. Analysts predict a potential rally for LINK, with a breakout above $16 possibly pushing prices up to $37.278. Chainlink (LINK) is currently witnessing…
Philippines Plans to Introduce Wholesale CBDC by 2029
Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This…
Study: AI Success in Africa Depends on Availability of Local Language Data and AI Talent
According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries…