The odds of spot Ethereum ETF emerging anytime soon are looking increasingly dire, but some crypto experts say that may be for the better. “Spot Ethereum ETFs will gather more assets if they launch in December versus if they launch in May,” wrote Matt Hougan, CIO of Bitwise, on Twitter on Tuesday. “TradFi needs more time to digest the Bitcoin…
The meteoric rise of Bitcoin (BTCUSD) alongside the continued dominance of artificial intelligence (AI) stocks has been a notable narrative on Wall Street throughout 2024. Despite recent volatility, BTC has recently reached new highs surpassing $70,000, driven by the introduction of spot Bitcoin ETFs and optimism surrounding the upcoming “halving” event. While the introduction of Bitcoin-based ETFs initially diverted attention…
The Solana Foundation has announced several recommendations that developers should follow to cope with the high usage that the network is currently experiencing. The foundation recommended implementing priority fees, and a series of optimizations to avoid dropping transactions. Also, an improved transaction scheduler is expected to be included in the next update. Solana Foundation Makes […] Source: https://news.bitcoin.com/solana-announces-recommendations-and-measures-to-deal-with-network-congestion/
Some members of the Solana community have begun vocally pushing back against meme coin presales—an increasingly common, dubious practice that has seen crypto traders blindly send tens of millions of dollars to strangers in the hopes of getting in early on the next BONK, WIF, or BOME. Amid the multi-billion dollar explosions of several Solana-based meme coins in the last…
According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves. Record-Breaking Outflow Hits Grayscale Bitcoin Trust Grayscale has continued to face outflows, marking […] Source: https://news.bitcoin.com/gbtc-experiences-its-largest-daily-drain-yet-nearly-239000-btc-gone-in-under-70-days/
Meme coins tend to spike when Bitcoin and the broader crypto market are in the green, and crash harder than average when it’s in the red. And on Tuesday, many of the famously volatile crypto tokens showed sizable losses after a Bitcoin flash crash that spurred market-wide pain. Higher-cap meme coins like Dogecoin (DOGE) and the Ethereum-based Shiba Inu (SHIB)…
MicroStrategy has acquired an additional 9,245 Bitcoin, co-founder and Executive Chairman Michael Saylor said on Tuesday. The latest purchase filed with the U.S. Securities and Exchange Commission brings the total held by the business analytics firm to 214,245 BTC, worth around $13.6 billion—constituting over 1% of the total supply of the top cryptocurrency. Even before the purchase, MicroStrategy held more…
On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma is set to function on the Bitcoin layer two (L2) Stacks, featuring an initial pairing of two tokens. Velar’s Strategy to Elevate Bitcoin Within the […] Source: https://news.bitcoin.com/velar-launches-dharma-amm-to-propel-bitcoin-into-the-decentralized-finance-spotlight/
In the world of crypto mining hosting, concerns about companies prioritizing their own interests over their clients’ needs are not uncommon. Many of these companies seem to drag their feet when it comes to repairing client hardware, resulting in significant losses for their customers. Rufus J Wright, the Founder and CEO of Crypto Caverns, a […] Source: https://news.bitcoin.com/empowering-crypto-miners-crypto-caverns-hashrate-guarantee-program/
The Securities and Exchange Commission (SEC) has been slapped with sanctions by a U.S. district court after one of its numerous enforcement actions against the crypto industry badly backfired. In an order filed on Monday, Judge Robert J. Shelby accused the SEC of “bad faith conduct” by misleading the court to obtain a temporary restraining order (TRO) against Debt Box…
