Analyst suggested that Ethereum could soon follow Bitcoin’s rally. NFT trades and lowering gas fees may impact network activity in the long run. Bitcoin [BTC] has been seeing quite a rally over the last few days, inspiring a lot of positive speculation around the king coin. However, it appears that Ethereum [ETH] will also soon be … Read more
BTC’s outflows continue to grow despite renewed hope in the crypto ecosystem. As Shanghai Upgrade draws nearer, investors shy away from Ether products. According to a new report by CoinShares digital asset investment products recorded six consecutive weeks of outflows totaling $95 million. Over the last five weeks, there has been $406 million in outflows … Read more
Digital asset investment product saw the largest single weekly outflows on record last week. BTC’s outflows represented 95% of the total monies that left the market According to a new report by digital asset investment firm CoinShares, product outflows registered the largest single weekly outflows on record last week. It found that record-breaking outflows of … Read more
Investors are funnelling funds into Short-BTC products after fourth consecutive week of outflows With the Shanghai Upgrade coming soon, investors will be cautious with ETH In a new report, digital asset investment firm CoinShares found that ongoing apprehension among investors regarding the uncertain regulatory landscape of crypto-assets led to a fourth consecutive week of outflows … Read more
Bitcoin’s total number of whales reached a three-year low at press time. However, several on-chain metrics favored the bulls and suggested an uptrend. Santiment’s analyst, in a 3 March YouTube stream, pointed out the dwindling interest of the whales in Bitcoin [BTC] and Ethereum [ETH]. As BTC’s price increased a few days ago, whales continued … Read more
Bitcoin and ETH derivatives register healthy recovery alongside spot demand. However, demand is still relatively low as traders proceed cautiously. The crypto market’s performance on a YTD basis has been different from the bearish performance last year. We have seen strong demand recovery, especially from the spot market. A recent analysis revealed how Bitcoin and … Read more
Justin Sun Justin Sun is the Ambassador and Permanent Representative of Grenada to the WTO, Founder of TRON, one of the world’s largest blockchain DAO ecosystems, and Advisor to Huobi Global, one of the world’s largest crypto exchanges. More about Justin Sun Info LinkedIn Twitter
ETH might be a better cryptocurrency of the future than Bitcoin. The chances of a strong ETH rally are still low. Now that the crypto market has wrapped up a bearish 2022, crypto investors are likely re-evaluating their portfolios in preparation for the next 12 months. All sorts of opinions have been presented but one … Read more
The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities. Source: CFTC Court Filing CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the … Read more
Last week’s Bitcoin inflows stood at a total of $14 million Short-ETH investment products witnessed inflows of $14 million as well The inflows into digital asset investment products stood at a total of $44 million last week. This figure represented the largest weekly inflows in 15 weeks, CoinShares found in a newly published report. Source: … Read more
