Cathie Wood, the CEO of ARK Invest, believes that the approval of the Ethereum (ETH/USD) ETF is heavily influenced by the political landscape in the United States, suggesting that a Solana (SOL/USD) ETF could be the next in line. What Happened:According to CoinDesk, Wood made these remarks at Consensus 2024,...

Semler Scientific (SMLR.US), a medical technology and supplies company, has announced its acquisition of 581 Bitcoin for approximately $40 million. Following this announcement, the company’s stock surged by over 31%. The company highlighted that Bitcoin’s popularity has surged since receiving the green light from the U.S. Securities and Exchange Commission...

In a significant milestone, BlackRock’s spot Bitcoin ETF, IBIT, has become the largest Bitcoin fund in the market, overtaking Grayscale’s GBTC. This shift occurred on Tuesday, May 28, when BlackRock’s Bitcoin ETF recorded over $100 million in inflows. Bitcoin’s price increased by 1% in the past 24 hours, surpassing the...

The defunct Bitcoin exchange Mt. Gox has initiated the transfer of over 140,000 bitcoins (BTC) worth approximately $9 billion to an unknown address starting early Tuesday morning in Asia. This significant move has sparked concerns about its impact on the BTC market. Historical Context and Impact Mt. Gox was once...

The London Stock Exchange (LSE), the world’s sixth-largest securities exchange, has officially commenced trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs) as of Tuesday. This marks a significant milestone with the introduction of these cryptocurrency ETNs on the LSE. Launch Announcement According to the LSE, the trading of Ethereum...

Over the past two quarters, Russia has seen a significant surge in traffic to global cryptocurrency exchanges, prompting officials to issue warnings about the risks associated with Western sanctions. According to a study by the Central Bank of Russia, some of the largest cryptocurrency exchanges have experienced a 16.4% increase...

On May 23, Kaiko, a cryptocurrency market data analysis firm, published a report titled “Crypto Derivatives: Positioning and Outlook.” According to Kaiko’s data, the trading volume of ETH options expiring on May 31 increased from $8 billion on Monday to nearly $11 billion by Wednesday. Bullish Sentiment Dominates Ethereum Bullish...

Ethereum has reached new heights, surpassing the $3800 resistance level once again. Currently consolidating around $3850, ETH is poised for a short-term breakout above $4000. Key Points: Ethereum’s Continued Upside Potential Ethereum’s price has stabilized above the $3540 support area. ETH established a foundation, outperforming Bitcoin, and began rising again...

After a significant surge last Monday, Ethereum traded sideways over the weekend. This consolidation phase is likely due to the realization that ETF issuers must wait for their S-1 registration statements to be approved before trading can commence, which could take weeks or even months. Currently, Ethereum’s price is stable...

The Delaware Supreme Court has overturned a lower court’s dismissal of BitGo’s $100 million lawsuit against Galaxy Digital, ruling in favor of BitGo. This lawsuit stems from a failed acquisition between the two companies. In a May 22 filing, the Delaware Supreme Court noted that the language used in the...