Cardano price is consolidating inside a descending triangle setup.A breakout from this pattern could trigger a 17% crash to $0.351.A decisive daily candlestick close above $0.492 will invalidate the bearish thesis. Cardano (ADA) price consolidation could trigger a breakout soon, knocking ADA down by double digits to key support levels. Also read: Cardano price flashes buy signal, but will ADA bulls cooperate? Cardano price edging closer to a crash Cardano price has crashed 51% from its 2024 hi
Justin Sun is linked to the dormant whale wallet that deposited on Monday $21 million in AAVE, MKR, COMP and LQTY on Binance. On-chain tracker Spotonchain notes that Sun could take nearly $7 million in profits if he opted to sell the tokens. MKR and AAVE prices lost 2% and 1.5% on the day, respectively. A whale wallet traced back to Tron founder Justin Sun deposited $21 million in four cryptocurrencies to Binance on Monday, according to data from on-chain intelligence tracker Spotonchain. Make
BlackRock Ready To Request The ETF On Solana Next Month Table of Contents Crypto News BlackRock Ready To Request The ETF On Solana Next Month
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Table of Contents BlackRock Continues To Push The Adoption Of Crypto: The ETF On Solana The Bitcoin ETF by BlackRock surpasses 300,000 BTC in AUMThe USA Bitcoin ETFs Record Inflows According to the latest crypto news, BlackRock is ready to request for the ETF on Solana (SOL) next month, a move that could mark an important s
AI coins to watch after SIRI 2.0 at APPLE announcement WWDC 2024, WLD, RNDR, FET
Apple’s annual developer conference WWDC 2024 is set to kick off on Monday. Investment bank Morgan Stanley said Apple will likely launch a new and improved Siri at the conference. Prices of AI-related coins like Worldcoin, Render, Fetch.ai fell ahead of the start of the developer conference. Apple’s Worldwide Developer Conference (WWDC) 2024, which starts on Monday, has the potential to influence prices of AI-related tokens as the company is expected to release several updates at the event, incl
Ripple Ceo comments on meme coin amidts XRP, ETF optimism
XRP ranges close to $0.50 on Monday, amidst uncertainty of an update in the SEC vs. Ripple lawsuit. Ripple filing supporting its motion to seal relevant documents awaits a response from the SEC.Ripple CEO Brad Garlinghouse commented on meme coins at Consensus. Ripple (XRP) is embroiled in a legal battle with the US Securities and Exchange Commission for nearly four years. The SEC vs. Ripple lawsuit drags on as holders await the SEC’s response to the payment firm’s filing from May 29. XRP is ran
cardano holder realized 40M dollars in loss in june
Cardano whale transactions hit a 12-month peak last week as large wallet holders continued to shed ADA at a loss. ADA holders have realized nearly $40 million in losses in June. ADA wallets holding between 100,000 to 1 million and 10 million to 100 million tokens accumulated the altcoin. Cardano (ADA) whales distributed their holdings at a loss consistently throughout June. On-chain data from Santiment shows that two segments of whales have accumulated the altcoin while others realized losses o
Uniswap Labs announced their recent acquisition of Crypto: The Game.Crypto: The Game is set to work on season 3 of its game in collaboration with Uniswap Labs.UNI is currently up 6% following the announcement. Uniswap (UNI) Labs announced the acquisition of the survival game Crypto: The Game (CTG) in an X post on Monday. The announcement positively impacted UNI's price, which saw a 6% increase in the past 24 hours. Uniswap Labs acquires Crypto: The Game, sees price surge hours after Uniswap Labs
Bitcoin and Ethereum ETFs hit record-breaking inflows in the first week of June, according to a report from CoinShares.
Inflows hit a record-breaking $2 billion with Bitcoin ETFs leading the rally.
Bitcoin is yet to experience a price surge despite the high inflows.
CoinShares weekly inflow report on Monday revealed that crypto investment products hit record-breaking inflows of $2 billion in just the first week of June, outperforming inflows for the whole of May.
Crypto ETFs sees record inflows
Bitcoin and Ethereum ETFs saw record-breaking inflows in the first week of June, totaling $2 billion. This brings the five-week run of consistent ETF inflows to a whopping $4.3 billion, according to a report from CoinShares.
Geographically, the majority of inflows came from US crypto ETFs, with a cumulative $1.98 billion inflow last week. The recently launched UK crypto ETNs have underperformed, with only about $500K in total trading volume.
Meanwhile, Bitcoin continues to lead the digital asset ETF train, totaling $1.97 billion in inflows. Bitcoin ETFs bought 25,700 BTC last week, 8x the supply of Bitcoin mined in the past two months, according to data from HODL15Capital. The iShares Bitcoin ETF sits atop the list with $21 billion in assets under management.
Also read: Bitcoin’s 2% crash wipes $4.21 billion in OI and handicaps altcoins, what’s next?
Despite this record-breaking move by ETFs, Bitcoin's price has hovered around the $69K to $70K range in the past week.
This has stirred concerns among members of the crypto community who believe that the surge in inflows from ETFs should cause the price of BTC to reach a new all-time high. The largest cryptocurrency hit a range high of $71.7K on June 5, the first time since May.
Read more: Ethereum's price suffers slight decline amid Hong Kong's plan to allow staking in ETH ETFs
Ethereum ETFs also saw their highest inflows since March. In the past week, ETH ETFs have seen $69 million worth of inflows, with speculation centered around the launch of spot ETH ETFs in the US.
Ethereum ecosystem generated more revenue in Q1 than Etsy, Robinhood or Reddit.
Issuers plan to market Ethereum as a 'producing tech stock' and the 'ultimate app store’.
Ethereum could see a bullish reversal in the coming days.
Ethereum's (ETH) price is down 1% on Monday as its exchange supply hit record lows following growth in global ETH ETFs' inflows. Meanwhile, issuers plan to market Ethereum as the 'ultimate app store’.
Daily digest market movers: Low exchange supply, high ETF inflows,