Bitcoin Profit-Taking Surges as Price Nears $74K
Bitcoin speculators are seizing the opportunity to lock in profits as BTC hits a three-month high, nearing $74,000. On-chain data shows that short-term holders (STHs) are leading the charge, sending large amounts of Bitcoin to exchanges for profit-taking. Short-Term Holders Rush to Secure Gains Data from analytics platform Glassnode reveals
First Major Step Towards XRP ETFs Taken: CME Director
Following the successful introduction of cryptocurrency-based exchange-traded funds (ETFs) in the US, the possibility of new digital asset ETFs is gaining momentum. Investors are particularly excited about the potential debut of XRP and Solana ETFs, which could significantly impact the crypto landscape. XRP ETF Moves Closer to Reality During the
Crypto Market Surges as US Equities Boost Confidence
The cryptocurrency market experienced a notable surgeon 15 October, with total market capitalisation rising by 2.2% to reach $2.3 trillion. This rise followed a strong performance from US equities and growing investor demand for crypto investment products. Despite mixed reactions to China’s stimulus package, the market’s rally rekindled hopes for
Trump’s World Liberty Financial Crypto Project Claims 100K Sign-Ups Ahead of Token Sale
Donald Trump’s crypto venture, World Liberty Financial, claims to have secured over 100,000 sign-ups ahead of its public token sale, set for Tuesday, Oct. 15. The project, which aims to create a decentralized finance (DeFi) platform, has also brought Paxos co-founder Rich Teo on board to lead stablecoin and payments
US Spot Bitcoin ETFs See Record $556M Inflows Amid Price Surge
On 14th October, US spot Bitcoin exchange-traded funds (ETFs) experienced their largest daily inflow in over four months, attracting $555.9 million in investments. Data from Farside Investors shows that this surge marks the biggest day for inflows since early June, as Bitcoin hit a two-week high of $66,500. Nate Geraci,
Bitcoin Price Hits $66K, Raising Questions of ‘Uptober’ Rally
Bitcoin has broken through the $66,000 mark, continuing its impressive rebound that has seen the cryptocurrency gain over 3% in October. On Oct. 14, after the Wall Street market opened, BTC surged as whale buying pressure and a buoyant market outlook fuelled the price rise. Data from TradingView shows that
TD Bank Fined $3 Billion for Failing to Monitor Crypto Transactions
TD Bank’s US arm has been hit with a $3 billion fine, following allegations of improper monitoring of suspicious transactions involving two unnamed cryptocurrency platforms based in the United Kingdom and Colombia. According to a report by the Financial Crimes Enforcement Network (FinCEN) on 10 October, the bank facilitated more
Router Protocol Integrates with 5ire to Enable Seamless Cross-Chain Transactions
Router Protocol, a leading cross-chain infrastructure platform, has officially integrated with 5ire, a blockchain network focused on sustainability and efficiency. This partnership enables seamless asset transfers and swaps for $5IRE, the native token of 5ire, across multiple blockchain networks. The integration marks a significant milestone in improving cross-chain transactions and
Bitcoin ETFs Break Three-Day Outflow Streak with $254M Inflow
Bitcoin exchange-traded funds (ETFs) in the United States saw a resurgence on 11th October, with $253.6 million in net inflows. This marked a significant break from three consecutive days of outflows, restoring confidence in the market. Fidelity Leads Inflows Fidelity’s Wise Origin Bitcoin Fund led the surge, attracting $117.1 million
Scroll’s Binance Listing Sparks Debate Over Centralization Concerns
Scroll, an Ethereum layer-2 project, recently announced its listing on the major cryptocurrency exchange Binance on October 11. While the move has the potential to enhance the project’s visibility and global reach, it has also sparked controversy, with critics questioning the project’s commitment to decentralization. Scroll co-founder Ye Zhang defended
