Ethereum Today Mirrors Amazon’s Early Days, Says 21Shares
A crypto research analyst from 21Shares has drawn an intriguing parallel between Ethereum and Amazon in its early days. According to this comparison, just as Wall Street initially overlooked Amazon’s transformative potential in the 1990s, investors today may be underestimating Ethereum’s long-term value. While spot Ether exchange-traded funds (ETFs) launched in July, they’ve garnered less […]
Crypto Market Turbulence Likely if US Election Outcome Remains Unclear, Says FalconX
With the U.S. election approaching, many crypto traders are watching the markets closely, anticipating how the results might impact prices. However, one analyst cautions that if the election outcome remains uncertain due to a close race, this could unleash unexpected price swings. FalconX’s head of research, David Lawant, highlighted in a Nov. 1 market report […]
SafePal Introduces Telegram Crypto Wallet with Integrated Visa Card Support
Self-custodial wallet provider SafePal has launched a Mini Wallet App within Telegram, bringing new crypto features to over 950 million Telegram users. Unveiled officially on Nov. 2 at the TON Gateway event, this app offers users the ability to create “fully compliant bank accounts” overseen by Swiss regulations. The wallet, which integrates principles of centralized-decentralized […]
21Shares Submits Form S-1 to SEC for Spot XRP ETF Proposal
Asset management firm 21Shares has submitted a request to the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares filed a Form S-1 with the SEC for its Core XRP Trust, intending for shares to be traded on the Cboe BZX Exchange. Rather than offering direct […]
Has Russia Truly Made Cryptocurrency Mining Legal?
Russian President Vladimir Putin recently signed new laws to regulate cryptocurrency mining in Russia. These laws create a framework for mining operations, yet experts warn they don’t fully “legalize” the industry. Instead, the legislation sets controls and restrictions. The first law, signed in August, defined terms like mining and mining pools and imposed requirements on […]
What’s Causing Today’s Drop in the Crypto Market?
Today, the cryptocurrency market saw a decline, with total market capitalization slipping by 1.33% to $2.3 trillion as of Nov. 1. Leading crypto asset Bitcoin dropped 4.3%, reaching around $69,193, while Ether, the second-largest cryptocurrency, fell 5.4%, trading near $2,495 at the time of writing. Let’s break down the primary drivers behind today’s downward trend. […]
Bitcoin Traders Move $4B to Exchanges Amid BTC Price Drop Below $70K
As Bitcoin’s price dipped below $70,000, many short-term holders (STHs) sold off their holdings, causing a stir in the market. New data from on-chain analytics platform Glassnode shows that on October 31 alone, STHs sold a massive 54,000 BTC, marking the largest sell-off since April. The recent price reversal near all-time highs left opportunistic traders […]
MicroStrategy Stock Dips as Q3 Earnings Slightly Miss Expectations
MicroStrategy’s stock fell approximately 5.9% following the release of its third-quarter earnings, which came in slightly below analysts’ expectations. An analyst has indicated that the company may face further challenges as the U.S. elections approach. In an announcement on October 30, MicroStrategy reported that its software division generated $116.1 million in revenue for the quarter, […]
Bitcoin ETF Nears $1B in Daily Inflows, Sparking FOMO and Risk of New BTC Price Peak
Institutional interest in U.S. spot Bitcoin exchange-traded funds (ETFs) has surged, with inflows reaching hundreds of millions of dollars daily. Data from Oct. 30, provided by UK investment firm Farside Investors, recorded nearly $900 million in ETF inflows that day alone, marking the second-highest on record. Yet, for seasoned market observers, this influx has raised […]
Canary Capital Files Application for Spot Solana ETF
Asset manager Canary Capital has submitted an application for a spot Solana ETF in the United States, joining the growing list of firms seeking to bring Solana-based ETFs to market. This filing follows a similar application made by investment firm VanEck four months prior. The news was shared moments ago by Bloomberg’s ETF expert James […]