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CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
#btc70k
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
#btc70k
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
#FIT21
cryptocurrency market is buzzing with excitement as 2024 sees an incredible bull run. Now, more than ever, strategic investments can lead to massive returns. A lineup of five promising cryptos has been identified for June, each holding strong potential for extraordinary gains. Readers are eager to uncover which assets stand poised to deliver exponential growth. Dive into the analysis to discover these opportunities and get ahead in the market.
CYBRO Gets on Crypto Whale's Radar with Presale of Its Tokens
CYBRO is a new platform designed to help users earn more on the Blast blockchain. Blast is known for offering better returns on Ethereum (ETH) and stablecoins than other similar solutions. CYBRO's main function is to help users take full advantage of this opportunity.
cryptocurrency market is buzzing with excitement as 2024 sees an incredible bull run. Now, more than ever, strategic investments can lead to massive returns. A lineup of five promising cryptos has been identified for June, each holding strong potential for extraordinary gains. Readers are eager to uncover which assets stand poised to deliver exponential growth. Dive into the analysis to discover these opportunities and get ahead in the market.
CYBRO Gets on Crypto Whale's Radar with Presale of Its Tokens
CYBRO is a new platform designed to help users earn more on the Blast blockchain. Blast is known for offering better returns on Ethereum (ETH) and stablecoins than other similar solutions. CYBRO's main function is to help users take full advantage of this opportunity.
#FIT21
Imagine a future shaped by AI working hand-in-hand with blockchain—it's happening now as these technologies revolutionize the digital landscape. Jimmy Zhao, Senior Solution Architect at BNB Chain, brings a wealth of experience from his previous roles at tech giants like Alibaba, HSBC, Huawei, and IBM, which exposed him to cutting-edge technologies and agile development methodologies, fostering a culture of innovation and collaboration. Mike Ermolaev had a chat with Jimmy about how AI and blockchain technology are blending these days and what this means for the industry in the future. This conversation, powered by GoMining, is part of the ongoing GoCrypto interview series.
Imagine a future shaped by AI working hand-in-hand with blockchain—it's happening now as these technologies revolutionize the digital landscape. Jimmy Zhao, Senior Solution Architect at BNB Chain, brings a wealth of experience from his previous roles at tech giants like Alibaba, HSBC, Huawei, and IBM, which exposed him to cutting-edge technologies and agile development methodologies, fostering a culture of innovation and collaboration. Mike Ermolaev had a chat with Jimmy about how AI and blockchain technology are blending these days and what this means for the industry in the future. This conversation, powered by GoMining, is part of the ongoing GoCrypto interview series.
#FIT21
Investors have identified two altcoins that are gaining traction in the market. These cryptocurrencies, which have shown significant profit potential with low trading volumes, are particularly noteworthy among lesser-known meme coins. Their rapid emergence and the lucrative opportunities they present often go unnoticed by the majority of investors until it is too late. This month, we focus on two such promising altcoins.
What Is DOG-GO-THE-TO-MOON (DOG)?
DOG-GO-THE-TO-MOON, commonly referred to as DOG, recently reached an all-time high of $0.00962 before falling by about 10% to $0.00879. Despite the typical volatility and profit-taking behavior seen in meme coins, DOG does not exhibit significant risk factors at this moment. The Elder-Ray Index, which measures buying and selling pressure, indicates that the bulls still have control, suggesting that the recent correction may be temporary and the price could potentially climb back to its peak or even higher.
Investors have identified two altcoins that are gaining traction in the market. These cryptocurrencies, which have shown significant profit potential with low trading volumes, are particularly noteworthy among lesser-known meme coins. Their rapid emergence and the lucrative opportunities they present often go unnoticed by the majority of investors until it is too late. This month, we focus on two such promising altcoins.
What Is DOG-GO-THE-TO-MOON (DOG)?
DOG-GO-THE-TO-MOON, commonly referred to as DOG, recently reached an all-time high of $0.00962 before falling by about 10% to $0.00879. Despite the typical volatility and profit-taking behavior seen in meme coins, DOG does not exhibit significant risk factors at this moment. The Elder-Ray Index, which measures buying and selling pressure, indicates that the bulls still have control, suggesting that the recent correction may be temporary and the price could potentially climb back to its peak or even higher.
Speaking at the Consensus 2024 conference, Garlinghouse said that Dogecoin, the largest memecoin, has no practical use and does not help the cryptocurrency industry.
Despite its significant market cap of $23.22 billion, Garlinghouse stated that DOGE has no real value but only encourages and thrives on speculation in the crypto sector.
Stating that there is no regulatory clarity for crypto in the USA at this point, Ripple CEO said that the way forward for crypto should focus on solving real problems:
Despite its significant market cap of $23.22 billion, Garlinghouse stated that DOGE has no real value but only encourages and thrives on speculation in the crypto sector.
Stating that there is no regulatory clarity for crypto in the USA at this point, Ripple CEO said that the way forward for crypto should focus on solving real problems:
BitPanda, a cryptocurrency exchange, has recently joined forces with Deutsche Bank, the largest bank in Germany. This partnership will grant @bitpanda users in the region access to Deutsche Bank's international bank account number (IBAN) for their #Crypto trading needs.
As a result, users will enjoy real-time processing for all their fiat deposit and withdrawal requests through Deutsche Bank
As a result, users will enjoy real-time processing for all their fiat deposit and withdrawal requests through Deutsche Bank
#pizzaday
With the year 2024, there are many things to look forward to in the crypto industry. After all, the previous year, or at least the second half of the year brought a significant bull run, with several cryptocurrencies either regaining lost ground or outperforming their peak values. There are many questions regarding the upcoming years for the market, with many still wondering if the industry will re-capture the previously achieved heights
The year has also is likely to reinforce and maintain some major developments throughout the crypto and blockchain sectors, including the rise of GameFi and a global interest in crypto regulations. In this article, we will be looking at some of the biggest crypto trends, some of which were established in the year 2023, and of course maintained currently, in 2024. On top of this, we will be making a few predictions about what could dominate the industry over the coming months.
With the year 2024, there are many things to look forward to in the crypto industry. After all, the previous year, or at least the second half of the year brought a significant bull run, with several cryptocurrencies either regaining lost ground or outperforming their peak values. There are many questions regarding the upcoming years for the market, with many still wondering if the industry will re-capture the previously achieved heights
The year has also is likely to reinforce and maintain some major developments throughout the crypto and blockchain sectors, including the rise of GameFi and a global interest in crypto regulations. In this article, we will be looking at some of the biggest crypto trends, some of which were established in the year 2023, and of course maintained currently, in 2024. On top of this, we will be making a few predictions about what could dominate the industry over the coming months.
#pizzaday
Arbitrum (ARB) Reaches 24 Million Unique Addresses The number of unique Arbitrum (ARB) addresses reached an all-time high in May due to the large influx of users to the network. A tweet from the network's official X page said that there are now over 24 million unique addresses on the Arbitrum network.
One of the reasons for the growth of Arbitrum is the direct targeting of developers who have started launching their decentralized apps on Arbitrum. While the Arbitrum network is growing, its native token, ARB, is down the weekly and monthly charts with losses of 4.3% and 12.7%.
Arbitrum (ARB) Reaches 24 Million Unique Addresses The number of unique Arbitrum (ARB) addresses reached an all-time high in May due to the large influx of users to the network. A tweet from the network's official X page said that there are now over 24 million unique addresses on the Arbitrum network.
One of the reasons for the growth of Arbitrum is the direct targeting of developers who have started launching their decentralized apps on Arbitrum. While the Arbitrum network is growing, its native token, ARB, is down the weekly and monthly charts with losses of 4.3% and 12.7%.
#pizzaday
The Future of Grayscale’s Ethereum Trust
Despite the prevailing optimism, some concerns remain regarding these new ETFs’ impact on existing products like the Grayscale Ethereum Trust, currently holding more than $11.3 billion. In addition, the trust could witness a major outflow since investors might prefer the new ETFs.
Historically, Grayscale’s Bitcoin Trust experienced outflows when converted to ETF form. Major players, like VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Bitwise, and Invesco Galaxy, have received their regulatory approval on Thursday, May 23, which sheds light on a strong lineup that is currently poised to meet the market demand. However, the only applicant who did not receive approval on that day was Hashdex, highlighting the competitive and complex nature of the ETF approval process.
The Future of Grayscale’s Ethereum Trust
Despite the prevailing optimism, some concerns remain regarding these new ETFs’ impact on existing products like the Grayscale Ethereum Trust, currently holding more than $11.3 billion. In addition, the trust could witness a major outflow since investors might prefer the new ETFs.
Historically, Grayscale’s Bitcoin Trust experienced outflows when converted to ETF form. Major players, like VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Bitwise, and Invesco Galaxy, have received their regulatory approval on Thursday, May 23, which sheds light on a strong lineup that is currently poised to meet the market demand. However, the only applicant who did not receive approval on that day was Hashdex, highlighting the competitive and complex nature of the ETF approval process.
#pizzaday
Despite the US Securities and Exchange Commission (SEC) granting historic approvals for eight Ethereum-based exchange-traded funds (ETFs), Ethereum has not breached the $4,000 mark.
Following the SEC’s decision, Ethereum’s (ETH) price spiked to nearly $3,900 but quickly receded to approximately $3,720. As of this writing, the price has somewhat stabilized, hovering around $3,800.
Despite the US Securities and Exchange Commission (SEC) granting historic approvals for eight Ethereum-based exchange-traded funds (ETFs), Ethereum has not breached the $4,000 mark.
Following the SEC’s decision, Ethereum’s (ETH) price spiked to nearly $3,900 but quickly receded to approximately $3,720. As of this writing, the price has somewhat stabilized, hovering around $3,800.
#pizzaday
In addition, this message has ignited speculation among Shiba Inu investors and enthusiasts, suggesting that the meme coin might follow in Ethereum’s footsteps with its own ETF. The SEC’s approval of the Ethereum ETFs was unexpected, given the agency’s recent inactivity in engaging with issuers.
Hence, the eight approved ETFs include offerings from financial heavyweights such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. These ETFs will be listed on major exchanges including CBOE, NYSE ARCA, and NASDAQ. Moreover, it’ll broaden Ethereum’s accessibility to a wider range of investors.
In addition, this message has ignited speculation among Shiba Inu investors and enthusiasts, suggesting that the meme coin might follow in Ethereum’s footsteps with its own ETF. The SEC’s approval of the Ethereum ETFs was unexpected, given the agency’s recent inactivity in engaging with issuers.
Hence, the eight approved ETFs include offerings from financial heavyweights such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. These ETFs will be listed on major exchanges including CBOE, NYSE ARCA, and NASDAQ. Moreover, it’ll broaden Ethereum’s accessibility to a wider range of investors.
#ETHETFsApproved
Coinbase CLO Paul Grewal shed light on the SEC’s approval of eight spot Ethereum ETF applications, highlighting Ethereum’s status as a commodity. Grewal noted that this decision strengthens Ethereum’s recognition as a commodity, a notion shared by the Commodity Futures Trading Commission and federal courts. Moreover, this approval signals the upcoming trading of Ethereum on Wall Street and marks a major milestone for institutional development. However, trading is expected to commence only after the S-1 documents are approved, which might require several weeks.
Coinbase CLO Paul Grewal shed light on the SEC’s approval of eight spot Ethereum ETF applications, highlighting Ethereum’s status as a commodity. Grewal noted that this decision strengthens Ethereum’s recognition as a commodity, a notion shared by the Commodity Futures Trading Commission and federal courts. Moreover, this approval signals the upcoming trading of Ethereum on Wall Street and marks a major milestone for institutional development. However, trading is expected to commence only after the S-1 documents are approved, which might require several weeks.
#ETHETFsApproved
The U.S. Securities and Exchange Commission (SEC) has signaled approval for the potential launch of eight Ethereum-linked ETFs.
Nvidia soars to record levels on stock market amid anticipation of increased demand for AI chips.
The U.S. Securities and Exchange Commission (SEC) has signaled approval for the potential launch of eight Ethereum-linked ETFs.
Nvidia soars to record levels on stock market amid anticipation of increased demand for AI chips.
#ETHETFsApproved
Ethereum ETF Approval Could See $500M Inflow From Institutional Investors, According to OKX
Ethereum ETF Approval Could See $500M Inflow From Institutional Investors, According to OKX
#ETHETFsApproved
Ether (ETH) could surge to retest the $5,000 price mark it fell short of in 2021 if three long-term indicators continue flashing, says one crypto trader.
“The dominance chart suggests we’re entering an ‘ETH Season’ where Ethereum is likely to outperform other cryptocurrencies,” pseudonymous crypto trader Blockchain Mane told Cointelegraph.
It follows the Securities and Exchange Commission’s May 23 initial approval of eight spot Ether exchange-traded funds (ETFs).
TradingView data shows ETH’s dominance — its share of the crypto market — jumped 19.56% over the past seven days after reports surfaced the SEC was pivoting from its hard stance on ETF approvals.
Ether (ETH) could surge to retest the $5,000 price mark it fell short of in 2021 if three long-term indicators continue flashing, says one crypto trader.
“The dominance chart suggests we’re entering an ‘ETH Season’ where Ethereum is likely to outperform other cryptocurrencies,” pseudonymous crypto trader Blockchain Mane told Cointelegraph.
It follows the Securities and Exchange Commission’s May 23 initial approval of eight spot Ether exchange-traded funds (ETFs).
TradingView data shows ETH’s dominance — its share of the crypto market — jumped 19.56% over the past seven days after reports surfaced the SEC was pivoting from its hard stance on ETF approvals.
#ETHETFsApproved
The US Securities and Exchange Commission (SEC) has accepted Ethereum Exchange-Traded Fund (ETF) applications from some of the world's leading asset managers, a milestone for ETH and the crypto industry.The SEC's filing approves all eight Ethereum ETF applications. Major financial institutions BlackRock, Grayscale, Bitwise, VanEck, Ark Invest, 21Shares, Invesco Galaxy, Fidelity, and Franklin Templeton submitted these.
These recommendations fulfill Exchange Act Section 6(b)(5) standards to prevent fraud and manipulation, protect investors, and defend public interest, according to the SEC.
Prior to the 30-day notice period, permission was granted. Recent filing modifications clarified and reassured. The SEC's fast clearance shows its confidence in the plans' regulatory compliance.
The SEC's decision expands institutional and retail Ethereum investing options and implies a change in cryptocurrency regulation.
The clearance may affect the SEC's categorization of Ethereum as a commodity, which was vital to Bitcoin ETF certification earlier this year.
US SEC Chair Gary Gensler says Bitcoin is a commodity under the Howey test, but many experts think it needs upgrading for better crypto regulation.
Institutional investment in Ethereum may increase with SEC permission, stabilizing and accepting the market. It may also encourage other regulatory authorities globally to standardize crypto legislation. This might lead to new cryptocurrency financial products, giving investors additional alternatives.
The SEC's action advances crypto mainstreaming. Ethereum ETFs should increase market liquidity and transparency, making Ethereum trading simpler for investors. This shows the necessity of legislative certainty in securing and dependable digital asset markets.
The US Securities and Exchange Commission (SEC) has accepted Ethereum Exchange-Traded Fund (ETF) applications from some of the world's leading asset managers, a milestone for ETH and the crypto industry.The SEC's filing approves all eight Ethereum ETF applications. Major financial institutions BlackRock, Grayscale, Bitwise, VanEck, Ark Invest, 21Shares, Invesco Galaxy, Fidelity, and Franklin Templeton submitted these.
These recommendations fulfill Exchange Act Section 6(b)(5) standards to prevent fraud and manipulation, protect investors, and defend public interest, according to the SEC.
Prior to the 30-day notice period, permission was granted. Recent filing modifications clarified and reassured. The SEC's fast clearance shows its confidence in the plans' regulatory compliance.
The SEC's decision expands institutional and retail Ethereum investing options and implies a change in cryptocurrency regulation.
The clearance may affect the SEC's categorization of Ethereum as a commodity, which was vital to Bitcoin ETF certification earlier this year.
US SEC Chair Gary Gensler says Bitcoin is a commodity under the Howey test, but many experts think it needs upgrading for better crypto regulation.
Institutional investment in Ethereum may increase with SEC permission, stabilizing and accepting the market. It may also encourage other regulatory authorities globally to standardize crypto legislation. This might lead to new cryptocurrency financial products, giving investors additional alternatives.
The SEC's action advances crypto mainstreaming. Ethereum ETFs should increase market liquidity and transparency, making Ethereum trading simpler for investors. This shows the necessity of legislative certainty in securing and dependable digital asset markets.
The end of the dependence on Bitcoin according to Charles Hoskinson
In a recent interview, Charles Hoskinson, the founder of Cardano, stated that “the cryptocurrency industry no longer needs Bitcoin to continue growing.” This statement contrasts with the traditional view that places Bitcoin at the heart of the cryptocurrency ecosystem. Hoskinson argues that Bitcoin, with its proof-of-work consensus mechanism, is no longer in sync with the technological advancements needed to meet current demands for scalability and sustainability. He compares the persistent attachment to Bitcoin to a form of “religion.”
In addition to challenging Bitcoin’s status, Charles Hoskinson criticized its underlying methodology, particularly its proof-of-work consensus mechanism, which he considers obsolete and energy-consuming. Hoskinson’s comments highlight a growing debate within the crypto community about the need to adopt more advanced and energy-efficient technologies to ensure the industry’s long-term sustainability.
In a recent interview, Charles Hoskinson, the founder of Cardano, stated that “the cryptocurrency industry no longer needs Bitcoin to continue growing.” This statement contrasts with the traditional view that places Bitcoin at the heart of the cryptocurrency ecosystem. Hoskinson argues that Bitcoin, with its proof-of-work consensus mechanism, is no longer in sync with the technological advancements needed to meet current demands for scalability and sustainability. He compares the persistent attachment to Bitcoin to a form of “religion.”
In addition to challenging Bitcoin’s status, Charles Hoskinson criticized its underlying methodology, particularly its proof-of-work consensus mechanism, which he considers obsolete and energy-consuming. Hoskinson’s comments highlight a growing debate within the crypto community about the need to adopt more advanced and energy-efficient technologies to ensure the industry’s long-term sustainability.