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$ETH Spot ether ETFs could be part of a political shift tied to crypto: Galaxy Digital’s Alex Thor
Galaxy Digital, reacts to the House passing a crypto regulatory framework bill. He also provides his expectations ahead of a decision from the SEC on spot ether ETFs. $ETH #ETHETFsApproved
The global cryptocurrency market capitalization is down another 0.3% today, currently standing at $2.72 trillion. Most top 100 coins are back in red now.
Among these, CORE fell the most over the past 24 hours: 6.3% to $1.69. Next in line is Render (RNDR), with a 5.1% drop to the price of $10.58. Other coins on this list decreased by less than 4.5%. In the meantime, Bittensor (TAO) increased the most today. It’s up 11.3% to $477.61. It’s also the only coin among the top 100 with a double-digit r
Bitcoin Price Prediction with $80K on the Horizon – Will BTC Rally Soon?
Bitcoin (BTC), the leading cryptocurrency, struggled to halt its previous bearish trend, hovering around the $67,824 mark and hitting an intra-day low of $66,600. The decline intensified following the release of robust US labor market and Services PMI data, which reduced investor expectations of a September Fed rate cut and decreased demand for riskier assets. Looking ahead, Bitcoin investors will focus on upcoming comments from Fed officials, particularly Fed’s Waller, who is scheduled to speak
The NFT Boom or Bust: Are Digital Collectibles Here to Stay?
Introduction Non-Fungible Tokens (NFTs) have taken the digital world by storm, creating a vibrant and often controversial marketplace for digital art, collectibles, and more. As 2024 unfolds, the NFT landscape continues to evolve, sparking heated debates about their value, sustainability, and future. This article delves into the latest trends in NFTs, the ongoing controversies, and the factors driving this digital gold rush. ## The Current State of NFTs in 2024 ### Market Trends NFTs have seen b
"The Rise of Non-Fungible Tokens (NFTs) in the Cryptocurrency Market"
In recent months, the cryptocurrency market has seen a surge in Non-Fungible Tokens (NFTs). #NFTs are unique digital assets representing ownership of items like art and music. Stored on blockchains like #Ethereum, NFTs cannot be replicated, revolutionizing digital content ownership. The NFT market has grown rapidly, with high-profile sales of #NFT artworks fetching millions. This trend empowers creators to monetize their work directly, fostering creativity and innovation.However, challenges like
Bipartisan Support for Cryptocurrency Grows in Congress
In recent political developments, there has been a notable shift in the attitude towards cryptocurrency within the United States government. Bipartisan support for the crypto industry is resurging, with several key moves that could have a significant impact on the future of digital currencies. 1. Overturning SEC Rule: The Senate voted to overturn Staff Accounting Bulletin 121 (SAB-121), a rule that imposed burdensome accounting standards on cryptocurrency assets held by financial institutions. T
The Rise of Decentralized Finance (DeFi) in the Crypto World #DeFi refers to a set of financial applications and platforms built on blockchain technology that aim to provide traditional financial services in a decentralized and permissionless manner.
Key Points:
1. DeFi's Explosive Growth: The DeFi sector has experienced exponential growth, with the total value locked in DeFi protocols surpassing $100 billion. This surge in popularity is driven by the potential for higher yields, increased financial inclusivity, and the ability to bypass traditional intermediaries. 2. Diverse Range of Applications: DeFi encompasses various applications, including decentralized exchanges (DEXs), lending and borrowing platforms, yield farming, and decentralized stablecoins. These platforms enable users to trade, lend, borrow, and earn interest on their crypto assets without relying on centralized institutions. 3. Challenges and Risks: While DeFi offers exciting opportunities, it also comes with risks. Smart contract vulnerabilities, regulatory uncertainties, and market volatility are some of the challenges that need to be addressed for the sustainable growth of the DeFi ecosystem. 4. Mainstream Adoption: The increasing adoption of DeFi by institutional investors and traditional financial institutions indicates a growing recognition of its potential. Partnerships between DeFi projects and established players in the financial industry are becoming more common, bridging the gap between traditional finance and the crypto world.
Implications: 1. Financial Inclusion: DeFi has the potential to provide financial services to the unbanked and underbanked populations worldwide, allowing them to access loans, earn interest, and participate in the global economy. 2. Disintermediation: DeFi eliminates the need for intermediaries, reducing costs and increasing efficiency in financial transactions. 3. Regulatory Challenges: As DeFi continues to grow, regulators are grappling with how to address the unique challenges posed by this decentralized ecosystem. Striking a balance between innovation.
In the ever-evolving world of cryptocurrencies, Ethereum has recently experienced a significant surge in value. This surge is largely attributed to speculation surrounding the outcome of U.S. spot exchange-traded fund (ETF) applications for the world's second-largest cryptocurrency. As investors eagerly await regulatory decisions, Ethereum's price has seen a remarkable two-day increase, with potential implications for the broader crypto market.
Key Points:
1. Ethereum's Impressive Rally: Over the past two days, Ethereum has witnessed a surge of over 8%, reaching nearly $3,780. This follows a substantial 14% jump in value on the previous day. 2. U.S. ETF Speculation: The surge in Ethereum's price is primarily driven by speculation surrounding the approval of U.S. ETF applications for the cryptocurrency. Investors are closely monitoring regulatory decisions, which could have a significant impact on Ethereum's future. 3. Bitcoin's Gains: Bitcoin, the largest cryptocurrency by market value, has also experienced gains, currently standing just 4% below its March peak of over $73,800. The positive momentum in the crypto market extends beyond Ethereum alone.
Implications: 1. Market Confidence: The growing interest in Ethereum and Bitcoin suggests a renewed confidence in the crypto market, as investors anticipate potential regulatory developments. 2. ETF Approval Impact: If U.S. ETF applications for Ethereum are approved, it could lead to increased institutional adoption and further mainstream acceptance of cryptocurrencies. 3. Market Volatility: As with any investment, the crypto market remains volatile. Investors should exercise caution and conduct thorough research before making any financial decisions. $ETH #EthereumEFT #ETH🔥🔥🔥🔥
#MetaMask to Integrate Bitcoin: A Game-Changer for Crypto Wallets.
In a significant development for the crypto world, MetaMask, the leading Ethereum wallet, is reportedly working on integrating native bitcoin (BTC) functionality. This move could revolutionize the way users interact with cryptocurrencies and expand the capabilities of MetaMask beyond the Ethereum ecosystem.
Integration Details: Sources familiar with the matter suggest that MetaMask's integration of bitcoin could be available within the next month . While the exact features are not yet finalized, initial functionality may be limited, with plans to expand over time. As the most-used wallet on the Ethereum blockchain, MetaMask's foray into bitcoin could have far-reaching implications for the broader crypto community.
Significance: The integration of bitcoin into MetaMask would enable users to manage their bitcoin holdings alongside their Ethereum assets, providing a seamless and unified experience. This development could potentially attract a wider user base to MetaMask and further solidify its position as a leading crypto wallet.
Implications: 1. Enhanced Convenience: Users will no longer need separate wallets for Ethereum and bitcoin, streamlining their crypto management process. 2. Increased Adoption: MetaMask's integration of bitcoin could encourage more users to explore and invest in cryptocurrencies, driving overall adoption. 3. Interoperability: The integration could pave the way for increased interoperability between different blockchain networks, fostering collaboration and innovation within the crypto space. MetaMask's integration of bitcoin marks a significant step forward in the evolution of crypto wallets. By combining the most-used Ethereum wallet with the world's largest cryptocurrency, MetaMask is poised to offer users a more comprehensive and convenient crypto management experience. As the crypto industry continues to grow, such integrations will play a crucial role in shaping the future of decentralized finance. #BTC $BTC #metamask #MetaMaskUpdate
F2Pool co-founder Chun Wang wrote in a now-deleted tweet, "Why do you feeling surprised when I refuse to confirm transactions for ... criminals, dictators and terrorists?" Source: X $BTC $ETH $USDC