Bernstein, a well-known global asset management firm, recently released a research report in which analysts Gautam Chhugani and Mahika Sapra expressed optimism about the approval of an Ethereum Spot ETF by the United States Securities and Exchange Commission (SEC). According to the report, Ethereum, the second-largest cryptocurrency in the world, has a strong chance of
Wall Street Memes has recently implemented a major new burn mechanism that is set to have a significant impact on the $WSM token dynamics. This mechanism involves burning 5% of the total $WSM supply, which equates to around 100 million tokens. The burn is scheduled to take place on February 29th, with all Net Gaming
Renowned crypto analyst Michaël van de Poppe has made a bullish prediction for Ethereum, suggesting that it could soar to $4,500. Van de Poppe believes Ethereum is soaking up Bitcoin’s upward momentum as investment capital shifts to ETH. According to the analyst, this is a “massive period to be rotating from Bitcoin towards Ethereum.” The
Ethereum has recently surpassed the $2,900 level, showcasing a strong upward trend while Bitcoin has remained relatively stagnant. Over the past 24 hours, Ethereum has surged by almost 4%, hitting the $2,900 mark for the first time since May 2022. Following this rise, Ethereum investors are seeing profits of over 16% in the past week,
In the world of cryptocurrency, security is paramount. With the rise of various crypto wallet apps, users must be diligent in ensuring they are downloading the authentic and legitimate apps. One such example is the recent scam involving Rabby Wallet, a popular crypto wallet app made by Debank. On the 16th of February, the beta
The People Power Party (PPP) in South Korea made a strategic decision ahead of the upcoming general elections to push for a further two-year delay in the implementation of crypto taxation. This move was announced as a key campaign promise during a press conference held on Feb. 19. The proposal to delay the commencement of
In a monumental sale that has reverberated across the blockchain and art sectors, a full collection of 10 Autoglyphs was recently sold for an astounding 5,000 ETH. This sale, valued at around $14.6 million at present, stands as the highest-priced NFT transaction in the last two years and the fifth largest on-chain acquisition to date.
When it comes to the world of cryptocurrency, Bitcoin (BTC) has long been considered the king of the digital assets. However, recent data has shown that Ether (ETH) may be positioning itself as the next “institutional darling.” With Bitcoin seeing record inflows into crypto investment products, attention is now turning to Ether, the second largest
The Bitcoin open interest has recently surged to historical levels, exceeding $24 billion. This spike in open interest is attributed to the approval of Spot Bitcoin ETFs for trading by the SEC. The continuous increase in open interest reflects the growing interest in cryptocurrency, particularly Bitcoin. Major exchanges like CME, Binance, and ByBit are leading
Binance, one of the leading cryptocurrency exchanges, recently announced the discontinuation of trading and subscription services for its leveraged token offerings. This decision affects tokens such as Bitcoin, Ethereum, and its BNB Coin, with an effective date of Feb. 28. Users are encouraged to trade their tokens before the deadline, as the exchange will delist