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Month: June 2024

cryptocurrency June 28, 2024

VanEck head of research Mathew Siegel said the market could see a Solana ETF coming next after the landmark approvals of Bitcoin and Ethereum spot ETFs. Advertisements The asset management firm has filed for the first Solana (SOL) ETF in the US, pioneering the prospect of this financial instrument that would offer institutional players exposure […]

cryptocurrency June 27, 2024

As July approaches, spot Ethereum ETFs, which received the US SEC partial green light on May 23, near their official launch. Many investors wonder if the price of Ethereum (ETH) will follow Bitcoin’s (BTC) reaction to its related financial instruments in January. Advertisements That answer, however, lies in the future, which may begin in a […]

cryptocurrency June 27, 2024

Vitalik Buterin, co-founder of Ethereum, reflected on Rarimo’s “Freedom Tool.” It uses zero-knowledge proof technology for secure online voting. Advertisements The Freedom Tool enables Russian citizens to prove their citizenship and vote anonymously. Rarimo’s Freedom Tool Traditional voting faces challenges like logistical issues and security threats. Rarimo’s solution aims to overcome these obstacles using zero-knowledge […]

cryptocurrency June 27, 2024

The US Securities and Exchange Commission (SEC) is poised to approve several exchange-traded funds (ETFs) that will track the spot price of Ethereum (ETH), reportedly by July 4. This advancement follows final discussions with leading asset managers such as BlackRock and Grayscale Investments. Advertisements The introduction of these funds marks a significant milestone in the […]

cryptocurrency June 26, 2024

Despite anticipation around the Ethereum ETF, ETH-based memecoins showed marginal gains. While some see bullish potential in Ethereum’s future, Andrew Kang predicted a possible price drop. Due to the anticipated approval of the Ethereum [ETH] ETF, altcoins are enjoying a bullish surge, while Bitcoin [BTC] is hovering near the $60k mark. Advertisements This has also […]

cryptocurrency June 26, 2024

Ethereum’s network deflationary status is waning post-Dencun Upgrade, with data showing a notable increase in ETH supply since mid-April. Advertisements The Dencun Upgrade in March, while beneficial in reducing transaction fees, has affected Ethereum’s deflationary status, a key selling point for long-term holders. Over 112,000 Ethereum Added to Overall Supply Despite initial hopes, Ethereum is […]

cryptocurrency June 26, 2024

Ethereum chalked out a classic descending channel pattern on the daily chart, confirming a bearish edge. The immediate support range at the $3,200 level can determine ETH’s near-term trajectory. Ethereum’s [ETH] reversal from the $3,900 resistance level over the past month has set the stage for the bears. Advertisements The altcoin’s increasing Open Interest trend […]

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