Golden Cross Forming On The Bitcoin Chart
Titan of Crypto revealed in an X (formerly Twitter) post that a Bitcoin Golden Cross is happening. He elaborated that the Golden Cross between the 100-day and 200-day moving averages is unfolding, noting that the crypto market has never witnessed this before. The crypto analyst added that if it is successful, this development could trigger the “most explosive bull run yet.”

Related Reading: Elon Musk Hints At Dogecoin’s Return as Tesla Merchandise Payment After Court Win
Bitcoin 1
Source: X
Based on the chart the crypto analyst shared, a successful Golden Cross could send Bitcoin’s price as high as $120,000. This aligns with predictions made by several crypto analysts, including Mikybull Crypto, who mentioned that between $138,000 and $150,000 were “optimal targets” for Bitcoin in this bull run.

Meanwhile, Titan of Crypto isn’t the only analyst who recently highlighted the Golden Cross forming on Bitcoin’s chart. Crypto analyst Crypto Jelle mentioned in an X post that Bitcoin is forming a weekly Golden Cross for the first time in its history. Like Titan of Crypto, Crypto Jelle also explained that the 100-week moving average is crossing above the 200-week moving average.

The crypto analyst further noted that these crossovers are considered bullish signs in traditional markets and questioned whether they would also be bullish for Bitcoin. Based on the chart the analyst shared, a successful crossover could pave the way for the flagship crypto to rise to $90,000, which will mark a new ATH for the cryptocurrency.

Arthur Hayes outlined a bleak outlook for Bitcoin, suggesting that in the worst case, it may gradually decline to the $50,000 mark. The previously-bullish Hayes is now modifying his forecast, saying that the market will stay bearish in the near term, especially until late September.  ADVERTISEMENT He predicts that Bitcoin will only slightly increase during this time, while altcoins will probably see much larger drops. His logic is based on macroeconomic elements like the U.S. government's spending patterns and the futile tightening policies of the Federal Reserve. According to Hayes, as 10-year Treasury yields approach the risky 5% mark, the bond market will tighten conditions - something the Fed has not done.  BTC/USDT Chart by TradingView This change may put a stop to the current bull run on the stock market and raise questions about the balance sheets of smaller banks, which would put more pressure on riskier assets like Bitcoin. It is noteworthy that Hayes continues to hold a bullish long-term outlook. He has not sold all of his assets, and he may even buy more of a few different cryptocurrencies

Read more on U.Today https://u.today/worst-case-scenario-bitcoin-price-revealed-by-arthur-hayes?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

MicroStrategy announced it has acquired an additional 18.3K BTC for approximately $1.11B at an average price of $60,408 per bitcoin.
What’s the Scoop?
Total Holdings: The firm now holds 244.8K BTC, worth roughly $14B, purchased at an average price of $38,585 per bitcoin.Funding Source: The latest purchase was funded by selling over 8M shares, raising $1.11B, under a $2B stock offering agreement initiated in August.Previous Purchase: This follows a prior purchase in August when MicroStrategy added 12,222 BTC for $805M.
Bankless Take:
While MicroStrategy is certainly at the helm of corporate players stacking sats, thousands of businesses may quietly building be their Bitcoin reserves, with Bitcoin financial services company River reporting that businesses now hold over 3.3% of Bitcoin’s total supply. This reflects a broader shift, with companies opting to buy Bitcoin directly, rather than through ETFs, to avoid being classified as investment companies.

Popular meme coin Simon’s Cat has recorded a huge price upswing following backing from major crypto exchanges. The asset’s price is up 45% this week and over 8% in the last 24 hours. This huge jump in value comes with an increased market sentiment as most tokens swing upwards.
intel Markets
Simon’s Cat Jumps Following Major Listings
Top crypto exchanges have backed the high-flying token sparking a surge in its price. Bybit announced support for the token by announcing a new perpetual contract listing. The platform disclosed that users could trade up to 12.5 leverage with many around industry quarters lauding the move.Listings and other support from crypto exchanges have a positive impact on asset prices due to trading volumes among other factors. Traditionally, meme coins rally on the heels of these developments because the community and holders move off its mainstream adoption. Derivative exchange, Phemex listed POL and CAT as USDT-margined spot trading pairs.

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“Dear users… At 10:00 UTC on September 13, 2024, Phemex will list the new spot trading pair POL/USDT, and at 12:00 UTC CAT/USDT will be listed.”
Furthermore, HTX added Simon’s Cat perpetual futures with 50X leverage for trades. The exchange noted the asset can adjust the parameters in response to risk and fluctuations. CoinEx Global announced that top traders of CAT will share a $4,500 prize pool. The asset remained among crypto gainers last week following bullish drivers.

Pro-XRP lawyer John Deaton has promised to hold the US Securities and Exchange Commission (SEC) accountable for the $15 billion loss that XRP investors suffered due to the SEC’s Ripple lawsuit. The legal expert, who is contesting against Senator Elizabeth Warren, famous for her anti-crypto stance, intends to fulfill this promise when he gets elected to the Senate. The lawyer has already outlined some of the ways which he intends to hold the Commission accountable.

Bitget
John Deaton Promises To Hold The SEC Accountable
In an X post, The pro-XRP lawyer promised to hold the SEC accountable for the 75,000 small XRP investors he represented in the SEC’s case against Ripple. The legal expert added that he isn’t willing to accept an apology from the Commission. Instead, he plans to hold people at the SEC accountable when he gets to the Senate since Senator Warren won’t do it. Specifically, the lawyer claimed these small investors lost over $15 billion thanks to the “SEC’s misconduct and gross overreach.”

The Senatorial candidate highlighted how the federal court declared that the Commission’s lawyers lacked “faithful allegiance to the law” and were only concerned about winning the suit against Ripple rather than protecting investors, which they are mandated to do. The lawyer also noted how he fought to protect these investors and did it for free.

John Deaton acted as amicus counsel for these investors, considering their interest in the Ripple lawsuit. The lawsuit is believed to have stifled XRP’s price, especially when it was instituted in 2020, just around the time of the 2021 bull market, preventing these investors from enjoying their desired profits from the crypto.

Bitcoin [BTC] miners have recently sold a significant chunk of their holdings, just as mining difficulty hit an all-time high.

This is a critical moment—if miners don’t show confidence in a rebound, it could signal a looming bearish run.

Bitcoin miners are at a crucial juncture
The mining community holds about 9% of Bitcoin’s total supply and is expanding capacity amid record-high mining difficulty.

Historically, miner capitulation—when Bitcoin miners exit due to low profits—often signals local price bottoms during bull markets.

The last time this occurred was on the 5th of July, when BTC fell to $56K after testing the $71K ceiling. Miners exited due to squeezed profit margins, contributing to the price bottom.

Bitcoin miner hash ribbon
Source : Bitcoin Magazine Pro

The chart showed that the 30-day MA is above the 60-day MA, signaling a hash ribbon buy signal. This suggested mass miner capitulation may have ended, indicating miners are staying in despite volatility.However, a prominent analyst noted that Bitcoin miners sold around 30K BTC after BTC briefly topped $58K, likely to lock in strong gains.

Maybe capitulation now signals both market tops and bottoms. The key is to watch who capitulates first.

Falling reserves can signal market top
While the chart above suggested that miners exiting typically occurs at market bottoms, AMBCrypto examined whether approaching a price top could trigger miner exits.

Interestingly, as BTC nears $60K, Bitcoin miners are reducing their reserves, possibly to lock in profits, reinforcing this hypothesis.

Miner reserves are declining
Source : CryptoQuant

As mining difficulty hits an all-time high, many miners might be cashing in on gains to cover their expenses. This could create selling pressure as BTC approaches its next market top.

However, those who can weather the volatility may continue to hold their Bitcoin, as indicated by the buy signal.

Read Bitcoin’s [BTC] Price Prediction 2024–2025

The real concern is if BTC hits a market bottom and fails to hold the $57K range; miner capitulation could intensify.

In this scenario, Bitcoin miners might offload large amounts of BTC, not due to low profits but to mitigate greater losses

Schiff: Bitcoin's journey ends with heavy losses MicroStrategy cofounder Michael Saylor has recently taken to X platform to share his keynote speech at the H.C. Wainwright Annual Global Investment Conference, in which he talked about his transformation from a Bitcoin skeptic to a fervent supporter of the flagship crypto. The speech resonated with many BTC enthusiasts, but not with Peter Schiff, a longtime Bitcoin critic. In response to Saylor's X post, Schiff accused⁠⁠⁠⁠⁠⁠⁠ the MicroStrategy cofounder of misleading his audience with false promises about Bitcoin; the gold bug states that Saylor's portrayal of the "Bitcoin journey" ultimately leads to substantial losses. "In truth, the Bitcoin journey is not quite as he describes. It begins with a sucker and ends with heavy losses," Schiff wrote. He has also challenged Saylor to a debate. "Again Saylor mentions me, but won't debate me," he remarked.

Read more on U.Today https://u.today/bitcoin-journey-ends-with-heavy-losses-peter-schiff-says-sec-signals-that-ethereum-is-not-security?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

Coinbase and Ripple CLOs Paul Grewal and Stuart Alderoty took a dig at the US SEC on Friday over the latest move to amend its lawsuit against Binance.

The Chief Legal Officer of leading crypto exchange Coinbase has taken another swipe at the US Securities and Exchange Commission (SEC). In a Thursday post, Paul Grewal asserted that the top regulator had no structure or standardized guidelines for law enforcement.

The Coinbase CLO, a sworn antagonist to the SEC’s incessant clampdown on the crypto exchange, insinuated that the securities watchdog had shown a lack of reverence for the law. This, he noted, was evident in the SEC’s settlement with Isreali-based crypto exchange eToro.On Thursday, the SEC announced it had settled with eToro, citing the exchange agreed to cut its cryptocurrency offerings and pay a penalty fee of $1.5 million. Per the new operational terms, eToro would offer US investors access to trade only Bitcoin, Bitcoin Cash, and Ethereum.

Grewal Cites Unclear Regulation
Grewal noted that the SEC’s sanctioning of the offering of Bitcoin and Ethereum to US investors points to the regulator’s view of the assets as commodities. However, he stated that the SEC couldn’t elucidate why it classified the aforementioned cryptocurrencies as commodities and other digital assets as securities.

According to Grewal, the SEC couldn’t point to the criteria for its asset classification because the regulator doesn’t have any. The SEC’s unclear benchmark for deeming a crypto asset a security was one of the major points in its years-long legal battle with Ripple.

Notably, the SEC dropped its investigation into the Ethereum Foundation on whether Ethereum was a security after the spot ETF approval in May. In the notification sent, the regulator didn’t confirm if Ethereum was a security or not and has never clarified the sector on the reasons behind its change of intent.

Michael Saylor, the co-creator and executive chairman of MicroStrategy business software-making giant, visited thr CNBC studio to elaborate on how Bitcoin has helped the company to reach major milestones and surpass other companies in the S&P 500 index. He shared his take on several big Bitcoin-related questions with the CNBC Squawk Box hosts. MicroStrategy beats all other companies in S&P with Bitcoin First off, Saylor reminded the hosts that since August 2020, MicroStrategy had purchased $8.3 billion worth of Bitcoin, and BTC has been going up roughly 44% every year since then, whereas the S&P 500 index has been rising by 12%.

Read more on U.Today https://u.today/michael-saylor-microstrategy-beats-every-company-in-sp-500-using-bitcoin-strategy?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

Strike’sJack Mallers defended Bitcoin [BTC] in a recent debate with Peter Schiff, one of the top crypto critics. There’s been a long-standing argument between gold proponents and their BTC colleagues.

Which is the ‘better money’ between the two? Is it physical gold or ‘digital gold’ (BTC)?

According to Mallers, Bitcoin is the ‘best money’ because it checks all the boxes of money properties. He said,

“BTC is the best money in human history…It’s the scarcest with a fixed supply, most portable, and most divisible…Over the last decade, BTC has had an annual average return of 60%, while Gold had a 2% return over the same duration.”

Which is better: BTC or gold?
However, Peter Schiff disagreed with Mallers and didn’t view BTC as money. He said,

“I don’t think BTC qualifies as money. Money must be the most marketable commodity and has value. Bitcoin has none. It is used for exchange and speculation. Apart from that, it’s not used the way money is supposed to be like gold.”

Schiff acknowledged that BTC has outperformed every asset and commodity in the past decade. However, he noted that gold, especially tokenized gold, was a better alternative to BTC.

Per Schiff, tokenized gold could be sent faster and cheaper globally than BTC and is a better alternative for a digital monetary system.

“We could use gold as the basis of the digital monetary system; that is much better than when gold was the basis of a paper monetary system.However, unlike BTC, Mallers highlighted gold’s heavy reliance on centralized third-party actors to finalize transactions.

According to Mallers, this limited gold’s scalability in a global economy and led to its demonetization, making it fall short of being an actual global reserve currency.

He claimed that BTC adoption would have been slow if gold was a solid competitor and world reserve asset.

As a result, he predicted BTC could still hit $250K to $1M in the next 12 to 18 months based on liquidity injection (money inflation) and BTC’s superior technology.

But Schiff was skeptical of Mallers’ price targets. However, he noted that he would accept his wrong stance on BTC if the asset gained mass adoption and became a top world reserve asset.

Meanwhile, he cautioned against taking speculative bets on BTC, citing that there were better assets with relatively less downside risk. In fact, he recently stated that gold investors saw a 140% gain compared to BTC ETFs after the latest market drawdowns.

This was true from a short-term perspective. However, from a long-term outlook, Peter Brandt noted that BTC had an upside potential.

He cited the bullish pattern on the BTC/GLD ratio chart, which could rally BTC by 123% against gold.

Bitcoin vs Gold
Source: X/Peter Brandt

At the time of writing, BTC was the 10th largest asset by market cap, with a market cap of $1 trillion. In contrast, gold topped the chart with nearly $17 trillion

Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal.

WSJ’s claims
Citing anonymous sources familiar with the matter, the WSJ article claimed that Tesla would use AI models developed by xAI to power its driver assistance software, Full Self-Driving (FSD). As part of the deal, xAI would be entitled to a part of Tesla’s revenue.

Under the arrangement, xAI would also help Tesla develop other features, including a Siri-like voice assistant, the article noted.

According to the article, Tesla and xAI executives have agreed to evenly split revenue generated from FSD, which costs users USD 99 per month.

Musk’s denial
According to Musk, Tesla executives have gained crucial knowledge from xAI engineers that has helped them develop FSD and propel the company toward making cars fully autonomous. However, “there is no need to license anything from xAI,” he noted.

He added:

“The xAI models are gigantic, containing, in compressed form, most of human knowledge, and couldn’t possibly run on the Tesla vehicle inference computer, nor would we want them to.”

Musk said that the Tesla AI models are “incredibly “dense” (in a good way lol) intelligence.” This is because the AI models have to compress and translate videos of roads and real world into driving commands in real-time. At the same time, they have to be small enough to run on a much smaller computer with size and bandwidth restrictions.

Dogecoin [DOGE] saw a spike in social sentiment recently, and its social media engagement has been on the rise too. This could help the price action turn bullish. However, at press time, the sellers’ dominance was too high.

The memecoin retested its July low at $0.09136 as support, with technical analysis showing that further losses may be likely.

Fibonacci extension.levels mark the next target
Dogecoin 1-day Chart
Source: DOGE/USDT on TradingView

The daily chart showed Dogecoin dipping towards the $0.09136 support level once again over the past two weeks. During this time, the downtrend regained its momentum. The RSI, which briefly raised its head above neutral 50, was forced into bearish territory.

The DMI indicator revealed that the -DI (red) and the ADX were both above 20 – Signaling a strong downtrend in progress. The trading volume was low during the attempted price bounce, underlining a lack of conviction in August.

The weekly and the daily structure were starting to align though. And, the Fibonacci extension level at $0.07162 may be the next target for DOGE if $0.09136 gives way.

Clues from exchange netflows and spot markets
Dogecoin Netflows
Source: IntoTheBlock

AMBCrypto looked at the exchange netflow data of the past three months too. Overall, the 35.15 million DOGE outflows over the past month were worth $3.211 million of accumulation. In the grand scheme of things, this value isn’t much for a $13.7 billion market cap asset.

And yet, this came at a time of intense selling pressure, and every little bit of accumulation helps the bullish argument

Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States.Elon Musk may be floating the idea of establishing himself as the head of a new government institution if former United States president Donald Trump claims the Oval Office again in the November 2024 election.

True to form, Musk teased the idea in a meme on the X social media platform featuring a double-entendre referencing both cryptocurrency and politics.

Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently.
Ethereum Exchange Netflows Have Been Positive Recently
According to data from the market intelligence platform IntoTheBlock, the ETH Exchange Netflow has been positive recently. The “Exchange Netflow” here refers to an on-chain indicator that keeps track of the net amount of Ethereum that’s flowing into or out of the wallets connected to centralized exchanges.
When the value of this metric is positive, it means the investors are depositing a net number of tokens into these platforms. As one of the main reasons holders may transfer their coins to the exchanges is for selling-related purposes, this trend can be bearish for the asset’s price.
Related Reading: Binance Traders Are Aggressively Shorting These Altcoins, Rocket Fuel For Price Surge?
On the other hand, the negative indicator implies that a net amount of BTC is being transferred from exchange-related addresses. Such a trend implies the investors may be planning to hold into the long-term, which can naturally be bullish for the cryptocurrency.
Now, here is a chart that shows the trend in the Ethereum Exchange Netflow over the past month:

The ultimate dog-themed meme coin Dogecoin has seen a major uptick in a key metric. According to data provided by CoinGlass, DOGE has rocketed 87% in trading volume. Despite the impressive increase in trading volume, the DOGE price has dropped 5.20% in the last 24 hours. This past week Dogecoin lost a zero, dipping more than 7% amid negative investor sentiment and stock market correction.

Read more on U.Today https://u.today/dogecoin-doge-skyrockets-87-in-trading-volume?utm_source=coingecko&utm_content=coingecko&utm_campaign=coingecko&utm_medium=coingecko&utm_term=coingecko

Dogs [DOGS] has experienced a downtrend against the U.S. dollar over the past week.

As of press time, DOGS was trading at $0.001056, reflecting a -3.47% decline in the last 24 hours and an -18.37% decrease over the past seven days.

a circulating supply of 520 billion DOGS, the project, at press time, held a market cap of $545,919,186.

The recent downtrend has occurred despite a strong start, as DOGS has been one of the newest additions to the rapidly growing Toncoin ecosyste

If the predicted breakout occurs, this could mark a significant turnaround for the token’s short-term price actio

Technical indicators suggest potential upsi
The press time price of DOGS was $0.0010587, hovering near the middle of the Bollinger Bands. The lower band was at $0.0009783, and the upper band is at $0.0011140, indicating a period of low volatility.

The slight upward movement of 1.04% in the latest 4-hour candle provided early signs of stabilization after recent decline

In addition, the Money Flow Index (MFI) stood at 55.26, suggesting moderate buying pressure without reaching overbought condition

This indicated that there may be room for a price increase in the short term, though a more bullish trend would only be confirmed if the MFI exceeds 75

Source: TradingV

Meanwhile, the Relative Strength Index (RSI) was at 45.72, signaling that the market is near neutral but with slight bearish sentimen

Traders will be watching for the RSI to rise above 50, which could signal a shift towards more buying momentu

Decline in network activity raises concer
According to IntoTheBlock data, on-chain metrics revealed a sharp drop in daily active addresses over the past week

On the 5th of September, active addresses peaked at around 1.05 million, but the 7-day change showed a -33.71% decline

This drop suggested a noticeable decrease in user activity, potentially linked to the recent downtrend in DOGS’ price. .nsm.t.iew. s.s. den.m.

l-Stars presale raises $1M amid a tough market, fueling interest in its memecoin staking platform and future growth.

Crypto All-Stars (STARS) is a new project that lets users stake any top memecoin. Its unique plans start with a token presale, which is raising funds for development.

The presale has raised $1 million so far, which is a big nod of approval given the current challenging market climate.

As Crypto All-Stars ventures towards forward, its awareness will only strengthen as more investors seek to profit from their meme coins.

MemeVault lets users generate revenue on memecoins without selling them
Memecoin holders no longer need to sell their assets to realize profits – Crypto All-Stars’ MemeVault lets them generate consistent, passive revenue.

Stake any top memecoin – including DOGE, SHIB, and PEPE – and get STARS rewards in return.

STARS is the lifeblood of the Crypto All-Stars staking ecosystem, granting access to MemeVault and unlocking massive rewards on its native staking contract.

Crypto All-Stars is built on Ethereum’s ERC-1155 token standard, which is capable of supporting any cryptocurrency on any blockchain.

MemeVault is expected to house 11 of the top memecoins, although it could open the door to more later on.

Considering it’s the first time many memecoin holders can generate passive income from their assets, there could be significant demand for MemeVault.

This would mean tons of liquidity will be locked in the platform, making security an essential component.

As such, Crypto All-Stars has greatly emphasized protecting its users by undergoing two smart contract audits. One is from Coinsult, and the other is from Solid Proof. Both audits found the project is safe and secure, with no issues discovered.

Though September is historically a poor-performing month in the crypto market, investors are taking advantage of the Crypto All-Stars presale while the price is low.

Currently, investors can buy STARS for $0.0014248. However, the price will increase throughout the campaign, with the next uptick in one day.

You might also like:
Crypto All-Stars set to lead memecoins after presale tops $750K
STARS stakers can earn up to a 1,443% APY
Not only will STARS holders have access to the MemeVault, but they’ll also be able to stake their STARS tokens for massive rewards.

Although the MemeVault has not yet launched, staking for STARS is live. It currently offers a 1,443% APY. That might sound high – but it won’t last forever.

Crypto All-Stars raises $1M in presale; poised to change memecoin staking - 1
Crypto All-Stars has a finite supply of tokens, and only a predetermined amount is set aside for STARS staking rewards. It’ll gradually decrease over time, making STARS more scarce and potentially valuable.

In addition, as more investors deposit their tokens, the staking pool will dilute, causing the APY to decrease as well. This incentivizes traders to act as early as possible to maximize their return on investment.

Crypto All-Stars raises $1M in presale; poised to change memecoin staking - 2
A capped token supply and support for every top memecoin is a recipe that could work in Crypto All-Stars’ favor.

Analysts have picked up on this unique juncture and cited it as a reason STARS could explode in value.

Popular trader ClayBro recently hosted a video on the 99Bitcoins YouTube channel in which he said that Crypto All-Stars is “set to become a top meme coin.”

US Ready To Redefine Money As This Crypto Gem Set To Become A Top Meme Coin!
It’s worth noting that 99Bitcoins has over 700K subscribers, showing that Crypto All-Stars is already making its way onto the mainstream stage.

Despite that, it has raised $1 million so far. Many top memecoins are worth $1 billion or more. Should ClayBro’s prediction play out, there are a lot of gains on the table.

Join the Crypto All-Stars presale and capitalize on the early stage
With price hikes and a decreasing staking APY hard-wired into the Crypto All-Stars presale, now is the best time for potential investors to act.

Purchase the presale by visiting the Crypto All-Stars website, connecting your wallet, and choosing the amount of tokens you want to buy and the crypto you want to pay with. The presale supports ETH, BNB, USDT, and bank card payments.

For more information, visit the Crypto All-Stars presale website or join the community on Telegram and X.

Read more:
Crypto All-Stars nears $1M in ICO as expert hails it as the best new presale
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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VanEck to close Ethereum futures ETF by late September

By Micah Zimmerman
September 6, 2024 at 4:12 pm

Edited by Jayson Derrick
News
VanEck to close Ethereum futures ETF by late September
Share

VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE.

The Ethereum Ethereum
eth
-6.81%
Ethereum ETF fund (ticker symbol ‘EFUT’) will cease trading after the market closes on Sept. 16, according to a VanEck press release, with liquidation expected around Sept. 23.

Shareholders who still hold EFUT shares on the liquidation date will receive a cash distribution based on the net asset value of their holdings.

The decision follows VanEck’s regular evaluation of factors such as “performance, liquidity, assets under management, and investor interest, among others.” According to the release, these criteria and other operational considerations led to the fund’s closure.

You might also like:
Ethereum and Ripple whales flock to Intel Markets, a new presale project
VanEck’s recent ETH moves
VanEck’s move comes after the approval of a spot Ethereum exchange-traded product, which may have influenced the decision to discontinue the futures-based ETF.

An ETP directly exposes an asset by holding it or its equivalent, like spot Bitcoin Bitcoin
btc
-5.41%
Bitcoin or Ethereum. A futures ETF tracks the price of futures contracts, offering indirect exposure to an asset’s future price movements.

Investors may also receive a final distribution of any remaining net income or capital gains before the fund’s dissolution. For tax purposes, the company will provide a final report at year-end detailing any capital gains or losses associated with the liquidation, per the press release.

In January, VanEck announced the liquidation of its Bitcoin Strategy ETF, citing performance, liquidity, and low investor interest. The ETF, which primarily invested in Bitcoin futures, was set to be delisted after January 30.

You might also like:
Spot Bitcoin ETF outflows surge six-fold, Ether ETF outflows slow down
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The alternative decentralized exchange features a no-code token launchpad and seeks to mitigate quick rugpulls.
By: Squiffs • 0 hours ago

EtherVista, a decentralized exchange (DEX) that launched on Aug. 31 is attracting both attention and liquidity. As a result, its token is up over 40x in the last four days.

The DEX features a no-code launchpad, popularized by Solana-based Pump.Fun, and creator fees that can be optionally assigned to native smart contracts. The fees can then be hard coded for a variety of features, such as token auto-buys, or added to liquidity pools.
One primary feature of the creator fee method is its potential to incentivize transaction volume for “developers” in order to mitigate the quick rug-pull approach that many malicious actors have adopted.
Launchpads such as Pump.Fun are notorious for being littered with coins that have had their supply cornered or bundled by malicious actors. After the price goes high enough, the developers will sell all their tokens, cash in a quick buck, and attempt to run the scheme over again.
While no DEX can completely stop malicious actors, EtherVista’s approach may give secondary market traders a prolonged window of time to exit positions or take profit, as opposed to constantly worrying about a large percentage of a token getting dumped in a single block.
Unlike tokens with swap taxes, EtherVista’s token fees correspond to custom USDC amounts, and are charged in ETH. These fees are then distributed amongst the liquidity providers and token creators. Having a small set fee pegged to a fiat value allows buyers and sellers to trade in and out of tokens without chopping themselves up due to percentage-based taxes.
The whitepaper also cites the protocols intent to expand towards building ETH-BTC-USDC pools for lending, futures, and flashloans in order to build a decentralized economy around the dApp.
VISTA Token
The DEX’s native token, VISTA, is built as a “value-compounding deflationary token.” The token supply is capped at 1 million, and hard-coded burn mechanisms are set in place. It is financed by fees generated within the protocol.
The burn mechanic allows VISTA to “act as a hedge against inflation by tying activity to supply reduction and price floor growth, strengthening VISTA’s value with every transaction,” according to its whitepaper.