In Brief The SEC has approved the first-ever Ethereum ETF, marking a major milestone for Ethereum and the crypto industry. This approval indicates growing institutional acceptance and allows investors to gain direct exposure to Ethereum. Following the news, Ethereum’s price had muted response. It is currently trading around $3,475. Ethereum has followed in Bitcoin’s footsteps,…
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In Brief Telegram founder Pavel Durov announced the launch of a Mini App store and in-app browser with Web3 support by the end of July. This initiative follows the success of Telegram Mini Apps and aims to make the messaging app a central player in blockchain adoption. Durov plans to combat malicious actors through a…
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In Brief The German government has concluded its major Bitcoin sell-offs, leaving its wallet completely empty. These transactions involved significant transfers to several major exchanges and institutional services. The crypto community reacted positively to this development, with Bitcoin’s price slightly increased. The German government has finally emptied its Bitcoin (BTC) wallet. On-chain data reveals that a…
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In Brief Enhanced Web3 wallets simplify crypto transactions and improve security. Advanced Web3 wallet features make crypto transactions more seamless. Interoperability in Web3 wallets boosts accessibility and user experience. Web3 wallets are becoming increasingly important instruments for widespread adoption in the crypto scene. Experts like Luis Ocegueda, Head of Engineering at Trust Wallet, and Alvin Kan,…
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In Brief Donald Trump plans to launch a fourth NFT collection, building on previous successes. His campaign has received $3 million in crypto donations, indicating strong support. Crypto donations come from both high-profile crypto leaders and ordinary US citizens. Former US President Donald Trump hints at a plan to launch his fourth non-fungible token…
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In Brief XRP worth $4M exits Binance as social sentiment shifts to neutral from fear, indicating changing market dynamics. Blockchair reports $4.2M XRP moved to unknown wallet; another $1.45M XRP transferred from Bitstamp to Binance. Ripple CTO emphasizes XRP’s utility for cross-border transactions over investment potential amid market fluctuations. XRP transactions on exchanges recorded an…
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In Brief A key metric, which has historically been pivotal to Bitcoin’s price, suggests that sellers exhaustion has set in. Positive signs emerge with higher bid than ask on-chain, and a high concentration of liquidity at $58,037. BTC looks set to retest $58,251 but trading below the 20-day EMA indicates weakness. Over the weekend, Bitcoin…
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In Brief Binance delists four altcoins: BOND, DOCK, MDX, and POLS, causing significant market drops. DOCK fell nearly 30%, MDX by 23.65%, BOND, and POLS over 17% after delisting news. Delistings follow Binance’s periodic review of digital assets’ compliance and standards. Crypto exchange Binance has announced it will no longer support four altcoins…
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In Brief Ripple’s (XRP) price nearly crashed by 11% in a day yesterday before recovering to trade at $0.43. The participation from XRP holders continues to remain weak, impacting the potential for recovery. Conviction, however, is still strong as investors are refraining from moving their holdings around. Ripple (XRP) price momentum has turned bearish, and…
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In Brief The DOJ recently announced BitMEX’s guilty plea for violating the Bank Secrecy Act (BSA). BitMEX stated that the charge is not new and that its founders served their sentences in 2022. The exchange stresses its operational improvements and new standards implemented since 2020. The Department of Justice (DOJ) announced on July 10…
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