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The Nasdaq stock exchange halted trading of American Bitcoin (ABTC) shares five times Wednesday as volatility spiked on the stock’s relisting debut. Shares of ABTC, a Bitcoin mining company co-founded by Eric Trump and Donald Trump, Jr., climbed by nearly 85%, hitting a high of $14 per share during…
Key takeaways:More than 70% of the Ether supply is staked, underpinning a longer-term bullish environment. Ether whales added more than 411,000 ETH in August.Binance ETH futures open interest remains above $8.4 billion despite the $4,300 retest. Ether (ETH) surged to an all-time high of $4,950 in Au…
The Verkhovna Rada, Ukraine’s parliament, passed the first reading of a bill to legalize and tax cryptocurrency on Wednesday, according to lawmaker Yaroslav Zhelezniak. If signed into law, the bill would significantly shape the digital asset economy in the country, which ranks among the world's top …
Key takeaways:Ether rallied near $4,500 after sweeping liquidity around $4,200.Spot demand fueled the rally, while futures participation stayed muted.A daily close above $4,500 is critical to confirm breakout momentum.Ether (ETH) rose 3.5% on Wednesday, approaching $4,500 after sweeping liquidity ne…
The US Commodity Futures Trading Commission (CFTC) said it will not pursue enforcement against two entities tied to prediction platform Polymarket.In a Wednesday notice, the CFTC said it had issued a no-action letter “regarding swap data reporting and recordkeeping regulations for event contracts” w…
The amount of Ether (ETH) in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings.On Tuesday, the Ethereum staking entry queue reached its highest level since September 2023, with onchain data sho…
The Trump family’s crypto project, World Liberty Financial, has begun burning its namesake token in a bid to boost its price, which has been in decline since launching to the public on Monday.Onchain data first reported by Lookonchain showed the platform burned 47 million World Liberty Financial (WL…
Spot Bitcoin exchange-traded funds (ETFs) recorded $332.7 million in net inflows on Tuesday, outpacing their Ethereum counterparts, which saw $135.3 million in net outflows, according to data from SoSoValue.Fidelity’s FBTC led the surge, attracting $132.7 million, followed by BlackRock’s IBIT with $…
Key takeaways:Bitcoin’s Cost Basis Distribution shows strong buyer support versus Ether’s weaker flows.Coinbase and Binance netflows hint at a liquidity regime shift favoring reaccumulation.BTC must break $113,650 to confirm a bullish trend, else risk a drop toward $100,000.Bitcoin’s (BTC) spot mark…
Crypto tokens tied to the value of stocks could mislead investors as they don’t usually give holders the same rights as a direct shareholder, says the European Union’s markets regulator.Several companies have tokenized stocks and derivatives that are backed by the shares they represent held in a spe…
The total number of crypto users could hit the 4 billion mark by 2030, according to former hedge fund manager and crypto bull Raoul Pal.In an X post on Sunday, Pal shared data comparing the adoption rate of crypto users to internet users after each innovation hit 5 million users.Pal did this by look…
Today in crypto, crypto social media activity suggests potentially more downside ahead for the market, Eric Trump predicts $1M BTC. Meanwhile, a former BJP legislator and 11 police officials have been convicted for the 2018 abduction of a Surat businessman in a plot to seize over 750 Bitcoin. Crypto…