A Deribit report underscores Ethereum’s resilience at $2,860, pointing toward potential highs driven by recent ETF approvals. Source: https://cointelegraph.com/news/ethereum-price-support-2860-path-4500-deribit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Nigerian crypto advocates push for regulatory reforms amid protests
As the protest continues, whether crypto-specific demands will be integrated into the broader movement’s objectives remains to be seen. Source: https://cointelegraph.com/news/nigerian-crypto-advocates-demand-reform?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Spot Ethereum ETFs Record $77.21M Outflow
On Wednesday, U.S.-based spot ethereum exchange-traded funds (ETFs) experienced a day of outflows, with $77.21 million withdrawn from the funds. While six ETFs reported inflows, Grayscale’s Ethereum Trust (ETHE) saw a substantial reduction of $133.33 million. Over $77 Million Withdrawn From U.S. Spot Ethereum ETFs The nine spot ether ETFs collectively recorded a trading volume […] Source: https://news.bitcoin.com/us-spot-ethereum-etfs-record-77-21m-outflow/
Centralized Crypto Exchanges Are Slowly Losing Ground to DeFi Counterparts
Centralized crypto exchanges are slowly losing ground to their DeFi counterparts, according to an in-depth data analysis conducted by Decrypt. DeFiLlama decentralized exchange (DEX) volume data and CoinGecko total cryptocurrency trading volume data shows that the percentage of crypto trading volume that happens on DEXs compared to total trading volume went from 4.6% in February to over 7% this month.…
Web3 Game Con: The World’s Largest Web3 Game Show Debuts at ABS2024 in Taipei
PRESS RELEASE. Taipei, Taiwan – 1st August, 2024 — Web3 Game Con, the largest Web3 gaming expo in Asia, is set to take place from August 6-8 at ABS2024. This landmark event, organized by GEDA Esports in conjunction with the Asia Blockchain Summit (ABS), will be hosted at a 1,500 square meter zone at the […] Source: https://news.bitcoin.com/web3-game-con-the-worlds-largest-web3-game-show-debuts-at-abs2024-in-taipei/
Crypto ready for the next phase of adoption: Winning over financial advisers
Crypto struggles to reach beyond its base. With ETFs now live, financial advisers are key to wider adoption. Source: https://cointelegraph.com/news/crypto-adoption-financial-advisers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
EU watchdog warns of offshore crypto risks under MiCA regulation
The European Securities and Markets Authority warns crypto companies operating globally of the potential risks that may arise while seeking authorization under MiCA. Source: https://cointelegraph.com/news/eu-watchdog-offshore-crypto-risks-mica-compliance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cathie Wood’s Ark sells $2.7M Coinbase shares as BTC fails $70K retest
Cathie Wood’s crypto investment firm ARK resumed selling the Coinbase stock amid the Bitcoin price push in July. Source: https://cointelegraph.com/news/cathie-wood-ark-sells-coinbase-bitcoin-70k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Why is Solana (SOL) price down today?
The price of Solana dropped 8% over 24 hours and is currently at a critical level of $165, triggering a liquidation of over $400 million in leveraged positions. Source: https://cointelegraph.com/news/why-is-solana-sol-price-down-today?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Trader makes $800K an hour after putting $8.5K on a Solana memecoin
While one X user described the trader as a memecoin hunter, others alleged that the trader had insider information. Source: https://cointelegraph.com/news/solana-memecoin-trader-earns-94x-profit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound