The crypto market has faced a significant downturn, with Bitcoin and Ether leading the decline amid large-scale liquidations and concerns linked to broader market performance.
HafizFranklin Templeton plans to launch a Solana ETF, following its new Ethereum ETF, reflecting a strategy to diversify digital asset investments. This could broaden investment opportunities and enhance the firm’s market presence.
BerniceEthereum ETFs debuted with $107 million in inflows, showing a promising start despite Grayscale’s outflows. Analysts expect continued growth in AUM, influenced by regulatory and political developments. The real challenge will be maintaining sustained demand and proving their market fit.
Xu LinHong Kong is set to launch Asia's first inverse Bitcoin ETF, enabling investors to profit from Bitcoin price declines. Managed by CSOP Asset Management, the product highlights the region's growing integration with the crypto market.
SanyaThe SEC approves spot Ethereum ETFs, set to begin trading on major exchanges with varied fees and promotional waivers, potentially impacting market dynamics.
DanteGrayscale moves $1.01 billion in Ethereum to Coinbase Prime, prepping for Ethereum ETFs debut, despite high fees and mixed market expectations.
Cheng YuanMt Gox's preparations for a major Bitcoin repayment align with the forthcoming Ethereum ETF launch, generating speculation about their combined impact on the crypto market. This period of heightened activity is accompanied by bullish sentiment in the market.
HafizCardano (ADA) founder Charles Hoskinson has taken a clear stance on the interplay between politics and cryptocurrencies, urging support for pro-crypto political candidates. This came in response to a post by Ethereum (ETH) co-founder Vitalik Buterin, who cautioned against prioritizing political leaders based solely on their cryptocurrency policies.
WenJunTron founder Justin Sun has reportedly acquired 361K ETH, worth $1.1B, over the past five months, including a recent $5M USDT investment. The SEC's fewer proposal amendments indicate the imminent launch of spot Ether ETFs.
KikyoThe significant Ethereum whale activity and the approaching launch of spot Ether ETFs suggest a bullish future for Ethereum. The regulatory approval process, though slow, is nearing completion, and the expected influx of institutional investment could drive significant price increases for Ether.
ZeZhengJapan's ruling coalition has proposed a tax code amendment that would exempt companies from paying tax on unrealised cryptocurrency gains if they hold on to the digital assets.
JoyARAX Holdings' acquisition of The Nemesis signifies a strategic leap into the evolving metaverse landscape. The collaboration is poised to redefine digital interactions, offering potential economic benefits and expanding ARAX's influence within the digital asset management domain.
Cheng YuanBrazil has approved new income tax rules that may impose up to a 15% tax on cryptocurrency income from foreign exchanges for its citizens. Effective from January 1, 2024, the legislation aligns the tax rate for foreign-held crypto with domestic income. The bill targets individuals earning over $1,200 on non-Brazilian exchanges, with different tax rates based on access dates. It also extends to "exclusive funds" and foreign companies in the Brazilian financial market. Despite Senate approval, there is internal opposition to the tax, reflecting ongoing debates. The move is part of broader regulatory efforts, with the central bank gaining control over virtual asset service providers and increased scrutiny on crypto-based securities.
Huang BoSC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.
Hui XinAlready, significant contributors to this fund include Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and the Daiwa Securities Group, committing a total investment exceeding 50 billion yen.
BrianThe debate surrounding Arbitrum’s failed keystone improvement proposal and its subsequent scrapping, caused the price of its governance token to decline.
TheBlock
Coinlive Data shows the Ethereum supply locked in the ETH 2.0 staking contract was holding unrealized losses amounting to almost $15 ...
BitcoinistAccording to Glassnode data, as of this writing, the price of Bitcoin is just over $21,000, which means that about 45% of Bitcoin holders have "paper losses."
CointelegraphStaking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption.
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