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Ethereum has surged to $3.1K today, marking a 3% uptick in value. This increase comes as the crypto market shows signs of stabilization following a standard correction. The total cryptocurrency market capitalization appears to have bottomed out, bolstered by the recent filing of final documents for Ethereum ETFs, which are set to launch in less … Read more
After Bitcoin’s retracement to $55.4K, a very bullish signal is becoming evident. Traders active in the past year have averaged returns of just +1.8%, the lowest level since BTC surged past $20K in March 2023. This low average return indicates potential for a significant upward move. 🤯 After Bitcoin’s retrace to as low as $55.4K, … Read more
Polygon’s Q2 2024 financial report reveals a mixed bag of outcomes. While some metrics from the income statement have shown a decline compared to the previous quarter, the overall performance of the network and ecosystem demonstrates strong growth and resilience. Increasing Polygon MATIC Holders One of the standout figures is the continuous rise in the … Read more
Covalent ($CQT) has experienced a significant rebound, with its value surging by 25% in the past 24 hours and a 70% increase in trading volume. This uptick comes as Covalent announces a pivotal Governance Proposal to transition from $CQT to $CXT tokens. The Governance Proposal outlines several key changes: 1. Token Ticker Change: The proposal … Read more
A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that the U.S. presidential election in November will play a crucial role in their approval. Analyst Discusses Political Impact on Solana ETFs A senior … Read more
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody on their balance sheets, significantly raising the cost of providing digital asset custody services. … Read more
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal oversight for digital commodities like bitcoin and ethereum. Senate Committee Highlights Need for … Read more
Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term fundamentals and urged the community to stay focused and continue building despite market fluctuations. Binance’s … Read more
The Supreme Court ended the Chevron doctrine in June — significantly undermining the Securities and Exchange Commission’s ability to stand athwart crypto. Go to Source
John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place. Go to Source