Grayscale’s $484 million fund, converted from a trust fund with nearly $11 billion in ETH, is expected to see no more outflows. Its commission is higher than competitors. Similar trends were seen with new funds in January.
In January, inflows slowed to $75.7 million for an investment-based ETF on its first day, while BlackRock’s ETF saw $111 million.
Top AI Cryptocurrencies to Put on Your Watchlist This Month
NEAR Protocol (NEAR)
This is the biggest asset in the niche and the 20th-largest in the entire cryptocurrency market. NEAR is currently worth around $5.40 (per CoinGecko’s data), representing a whopping 270% price increase on a yearly scale.
The X user Crypto Tony recently predicted that the asset might head toward the $8 mark in the following weeks. However, the analyst assumed it might first plunge to as low as $4.10 “to take out the lows.”
Internet Computer (ICP)
As of now, the second-largest AI coin is far from its glory days, which were witnessed in May 2021. Its valuation is currently hovering around $8, while three years ago, it was over $450.
On the other hand, 2024 has been quite successful for ICP so far. It is up 92% yearly and briefly hit almost $20 in March.
The asset recently made the headlines after being placed in a prestigious ranking. The crypto market intelligence platform Santiment estimated that ICP is among the top 10 cryptocurrencies in terms of development frequency.
Render (RNDR)
This is the fourth-biggest in the realm, with a market cap of almost $3 billion. RNDR caught the eye of the leading crypto exchange Coinbase, which placed it in its roadmap zone in January of this year and later enabled trading services with it.
The move was followed by a price resurgence for the token, meaning another interaction of that type in the near future can positively affect RNDR’s valuation.
Akash Network (AKT)
Last but not least, we will touch upon AKT, which is one of the few AI cryptocurrencies situated in the green today (July 2). Its price is up 4% daily and 30% weekly, currently standing at around $3.80.
Meanwhile, we have recently compiled a guide on the top AI crypto coins to watch this year, so make sure to check it out.
A US federal court has rejected the SEC's main claims against Binance, including the claim that crypto-tokens are securities. The court ruled that the SEC failed to present facts to prove that BNB's sales on secondary markets are securities transactions and rejected the argument that the BUSD stablecoin qualifies as an investment contract. However, some of the SEC's claims were remanded for further consideration.
The number of cryptocurrency ATMs worldwide will soon reach a record high. There are currently 38,278 ATMs, which is almost the same as the peak in December 2022. This means that cryptocurrencies are becoming increasingly accessible to regular users.
Well, now instead of just looking for an ATM, you can look for a crypto ATM. 😉
Large investors in Toncoin (TON) bought up $342 million worth of tokens over the past week. This indicates a high level of confidence and optimism among investors about TON's future growth. At the moment, the token price is around $7.6 and the market capitalization has reached $18.7 billion, which puts Toncoin in the eighth place among the largest cryptocurrencies.