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Ethereum ETFs Predicted to Haul in Monumental $4 Billion in Initial Five Months Newly initiated spot exchange-traded funds (ETFs) containing Ethereum could garner a whopping $4 billion inflow within their first five months, says crypto analytical company K33 Research. This prediction is drawn by contrasting the behavior of previous Bitcoin-focused funds and the assets held in similar Ethereum-related products. Consequently, K33 Research anticipates an influx of between $3.1 billion and $4.8 billion of net flows into these Ethereum ETFs in the first five months post-launch. This is an audacious forecast, especially as the Ethereum futures ETFs, launched last year, didn't spark as much investor enthusiasm as when the inaugural Bitcoin futures ETFs took off in 2021. K33 contends that the lukewarm reception was a fluke, coinciding with unfortunate timing and not an accurate gauge of Ethereum's actual investment interest. Sentiment: Positive
Over a Fifth of Top-Ranked Cryptos Has Most of Their Supply Still Trapped As per a fresh analysis by CoinGecko, a staggering 20% out of the 300 top-notch cryptos in terms of market cap have been keeping a lion's share of their supply under wraps. This statistic includes numerous fresh faces on the scene, given the fact that 54 of the 64 biggie low float cryptos made their debut just this past year. Turning the coin over, only a handful i.e., 74 out of the top 300 cryptos have managed to hit a 1 in the market cap to FDV (Fully diluted valuation) ratio, meaning all their tokens are out, loud, and proud in the market. High float cryptos that have already unraveled more than half of their tokens represent 162 out of the top 300, making up 54%. In this high-float category, nearly a third (28.7%) are at the brink of complete dilution, boasting ratios of 0.80 and higher. Worthy of mention under this umbrella are seasoned players like Maker, Aave, and Near Protocol.
SEC Green Lights Ethereum Spot ETFs - A Game Change In The Crypto Sphere Ethereum ETFs are ready to make a big splash in the crypto sea as the US Securities and Exchange Commission (SEC) has given its nod of approval for their accelerated launch, as reported by Phoenix News. Before this giant leap, there lies the small step of finalizing S-1 registration statements - a prerequisite form for listing securities, and hashing exchange agreements through hefty rounds of discussions with the SEC. However, there's also the need to quash some concerns. Several prospective issuers of spot ETH ETFs, such as Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck, have given assurances that they won't stake ETH for yield to appease the SEC's worries. Optimism has been flooring the market as Bloomberg analysts Eric Balchunas and James Seyffart have cranked up the odds for a spot Ethereum ETF being greenlit this month, from a quarter to a whopping three quarters. In the wake of the FIT21 crypto bill being passed, this approval is echoed as substantial proof of a modifying sentiment within the Biden Administration towards crypto.
Trump Campaign Rallies a 'Crypto Army' with Donations in Digital Currency In an interesting switch, the Trump presidential campaign is now soliciting donations in the form of cryptocurrency. In their mission to amass a "Crypto army" ahead of polling day, a dedicated fundraising page has been set up to allow any federally permissible donor the option to contribute via any crypto asset available on the Coinbase cryptocurrency exchange. Trump is no stranger to the cryptocurrency landscape, having already received millions personally via his non-fungible token projects - Trump Digital Trading Cards, and his own MAGA coin which debuted last August. Interestingly, there is currently no negotiating committee for Bitcoin at the state level in America under campaign finance laws. However, the Fed Election Commission does permit committees to accept Bitcoin donations. It's yet unclear whether other political campaigns, such as President Joe Biden's campaign, will follow suit and start accepting cryptocurrency donations - Biden's representative did not respond to an Associated Press request for commentary on the subject. Sentiment: Neutral
The Secret Sauce Behind Solana's Explosive 30% Price Jump Hey crypto enthusiasts, you might've noticed that our old buddy Solana has been doing backflips on the price charts lately. Yep, in just the past week, Solana has pumped those good ol' crypto leg muscles and launched over 30%. Quite a feat, eh? However, the big question is, what really sparked off this exciting price rally? Unfortunately, our source chose to play coy, deciding to tease us with an intriguing headline and nothing more. The exact cause remains a mystery for now, but don't lose sleep over it. Keep your eyes peeled on the market trends and grab a bag of popcorn, because the crypto world is nothing if not full of surprises. Sentiment: Amused
Navigating the Daunting Maze of Cryptocurrency Taxes in 2024: A Comprehensive Guide Grip your crypto calculator, as we embark on a wild ride through the cryptic world of cryptocurrency taxes! In 2024, receiving a Form 1099 from your crypto exchange isn't a hint, it's a heads up. They've tipped off Uncle Sam about some of your transactions, and it's your call to detail these on your tax return. Don't wait for the form to knock on your door – all transactions are gatecrashers at this financial party. But fear not, there's a handy cheat sheet - the up-and-coming starlet, Crypto tax software. With the sleek, ever-evolving tax innovation, not only are you keeping up with the Kardashians but also the latest in tax laws. Its regular updates serve as a first-class ticket to compliance city, while saving you the snooze fest that is tracking legislative changes. Crypto taxes getting too cryptic? Call in the specialists! A crypto tax consultant, fluent in the confusing lingo of the tax code and cryptocurrency transactions, is your walking, talking crypto dictionary.
Binance and Kraken Consider Listing Runes: Institutional Interest Amidst Rune Protocol Development There's something brewing in the Runes community as the development teams keep the gears turning within the BTCFi protocol. Ignas, a significant player in the crypto arena, has pointed out that a golden opportunity lies ahead with the potential listing of Runes tokens on top centralized exchanges. The virtual grapevine hints that Kraken and Binance, giants of the crypto exchange world, have released research reports on Runes. This is a solid signal that these institutions have begun to turn their sights towards Runes. Kraken, the famed cryptocurrency exchange, is even rumored to be considering making Runes one of their many available tokens. As the crypto-verse expands, diversifying your portfolio with varied tokens has become the name of the game, and Kraken's potential interest only cements this further. Additionally, another driving force behind BTCFi's growth might be the potential introduction of stablecoins like USDC or USDT on Bitcoin, by using the Runes protocol.
Investors Hold Tight As Nearly 28k Bitcoin Leaps Away From Centralized Exchanges Bitcoin's resilience is surfacing again as the cryptocurrency bounced back with a 6.6% recovery in the past week, leading to investors pulling their Bitcoin out of centralized exchanges, data aggregator Coinglass reports. A whopping 21 BTC, an amount approximately worth $ 1.9 billion, left the 20 exchanges being monitored by Coinglass. In the world of virtual coins, this behavior is typically interpreted as a bullish sign, suggesting holders are resisting the temptation to sell in the near future, possibly in the hope of a price hike. Speaking of numbers, the total Bitcoin count hanging onto centralized exchanges as per Coinglass's tracking hit the lowest tally of this year with 1.72 million BTC.
What's your plan for this week??
https://twitter.com/LayerZero_Labs/status/1791622471965163597?t=xf4-U2jlVrj_01j5oMYv2Q&s=19 Layerzero sybil is on.. https://twitter.com/LayerZero_Labs/status/1791622471965163597?t=xf4-U2jlVrj_01j5oMYv2Q&s=19
$ETH Onchain Demand Stats in Past 12 Months. - Fees is down by 76.42% - TVL is up by 95.88% - Token Trading Volume is up by 34.21% - Token Holders Count is up by 22.50% - Daily Active Users Count is up by 21.39%
Bitcoin Enjoys Its Most Exciting Day Since March Following Relaxed April Inflation Rates Are you ready for a bit of digital adrenaline? Bitcoin just had its most thrilling day since last March. Why are the virtual coins feeling so giddy?
Cryptocurrency Sways in U.S Elections: Cries from the Insider’s Corner America is ground zero for all sorts of politics. But did you know that it extends beyond "elephant and donkey" play, now entering the realm of cyberspace? Yes, you heard it right! According to industry insiders, cryptocurrency is making a significant impact on U.S. elections.
Ethereum Gas Costs Slip Down a Staggering 93%, Touch Base at All-Time Lows It's a beautiful day in the Ethereum universe as gas prices take a Titanic-like plunge to touch the sea floor, falling a dramatic 93%. Yes, you heard it right, Ethereum gas prices - that pesky little ....
Ex-Binance CEO CZ Zhao Teases Potential Memoir from Behind Bars Changpeng "CZ" Zhao, the one-time leader of Binance, has stirred up talks that he could pen a juicy memoir while he serves time in the slammer. Zhao stepped down as CEO in November 2023 after a fall from grace involving money laundering accusations.
The Ether Thriller: Can Ethereum Sustain Its Bullish Bounce?
Will Vitalik Buterin’s Gas Fee Proposal Make Ethereum More Like Solana? The Ethereum co-founder is proposing some significant changes to the network’s gas fee structure. Would it make it more like its chief competitor?
Solana Weekly DeFi Trading Sets All-Time High Above $ 11 Billion Traders swapped over $ 11 billion worth of digital assets on Solana last week, smashing through a previous record set in December.
$ZRO expectations???
Wen good airdrop??
' OKX Ventures Places Bet on Web3 Game Wild Forest OKX Ventures, the investment branch of crypto behemoth OKX, has thrown its weight behind a new gaming entrant, Wild Forest. Wild Forest is a web3 real-time strategy game that features heated pvp..
OKX Ventures Places Bet on Web3 Game Wild Forest OKX Ventures, the investment branch of crypto behemoth OKX, has thrown its weight behind a new gaming entrant, Wild Forest. 😍Wild Forest is a web3 real-time strategy game that features heated PvP ..
New iPad
Hii Fam!!
I am done with connecting wallets... to new platforms..
No Gitcoin points required... Finallyyyyy
New gitcoinpassport point system is wose than the previous. Although I use @zksync almost every week I only get 0.6 point as a zksync user. I am not a human according to your point system. This is the worst shit I ve ever seen in crypto. Just send #GTC to ZERO!!! Your views ?????
new trend: > Buy a big web2 twitter/instagram brand’s account > Launch some memecoin off the brand > rug it for 5-6 figs Rinse and Repeat Didn’t realize we’ve gone that low now, will adjust strats accordingly 😂
Seeing a lot of opposition to the gitcoinpassport and for not being "anonymous," especially around the @zksync $zks airdrop. I’ve been developing on zkSync for nearly 2 years and here’s my take: I don't think people realize that all transactions on ETH are public. Decentralization doesn’t mean anonymous. It means no single entity controls the network, especially not your wallet. It’s ironic that many who complain about KYC use centralized platforms like Binance and Coinbase.
Crypto scoop for today 1. Binance Boss zhao to face 36 months behind bars, Us setup 2. Nigerian central bank slaps binance, bybit, aucoin, okx with account freezing order 3. Ethereum unveils browser compatible .box domain via ENS integration
"Bitcoin fees plummet post-record high on Halving Day! From $ 128 to $ 17.8 million in just days, marking a historic shift in the crypto landscape. #Bitcoin #CryptoNews"
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Is it close guysssss? What's the take here ??? Hmmm🤔
😶
Which NFT one should buy?
Monday !!
@lens/phaver
🤍💖 Morning Fam!
Hey Fam!! Embracing each day 😍
HI. peeps.. In between the Halving!!
Ahead of elections 😅😅