Degen Chain user loses 90% funds during bridge transfer
A bug on Degen Chain’s service providers leads to significant user fund loss, sparking criticism on the layer 3 ecosystem. Go to Source
Ethereum
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Solana traders chase $180 target after SOL gains 13% in 2-days
A surge in Solana network activity, memecoin prices and optimistic derivatives markets could be a sign that SOL is aiming for $180. Go to Source
Google Trends Shows Ethereum Interest Rising Rapidly as ETF Launch Approaches
According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to … Read more
Memecoins, RWA, AI lead crypto narratives in Q2 2024
Memecoins, RWA and ARI captured 36% of all CoinGecko web traffic categories in the second quarter of 2024. Go to Source
US Spot Ether ETFs to Launch on July 23 Pending Final SEC Approval, Analyst Says
The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to … Read more
Ethereum Surges 6% As Digital Asset Investments Reach Record Highs
Ethereum made a notable rebound today, climbing 6% to surpass the $3,300 mark amid positive market sentiment. This uptick follows significant inflows into digital asset investment products, which according to CoinShares, totaled $1.44 billion last week, pushing year-to-date inflows to a record $17.8 billion. Bitcoin alone saw its fifth-largest weekly inflow ever, amounting to $1.35 … Read more
Market Trends Favor Ethereum as ETF Launch Nears, Finds Bybit and Block Scholes Study
A recent report from Bybit and Block Scholes reveals shifting investor sentiment in the crypto derivatives market, favoring ethereum over bitcoin. This insight, derived from analysis of market trends across various trading formats, highlights an optimistic outlook for ether, especially with the impending launch of spot ether exchange-traded funds (ETFs) in the United States. Shift … Read more
Time for altseason? Analysts say altcoin market is near ‘momentum bottom’
Altcoin prices have been in a rut, but a key alteason indicator hints that the “strongest wave” is yet to come. Go to Source
Digital Asset Funds Achieve Record $17.8B Inflows in 2024, Reports Coinshares
Digital asset investment products experienced significant buying activity last week, resulting in inflows of $1.44 billion. This brings the year-to-date total to a record $17.8 billion, far exceeding the 2021 figure of $10.6 billion, according to Coinshares. Record Inflows in Digital Asset Funds Amid Price Weakness, Report Shows This week, James Butterfill, lead analyst at … Read more
Price analysis 7/15: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin and altcoin traders set their sight on new all-time highs now that BTC price is back above $63,000. Go to Source