THE COIN STREET JOURNAL Market News – June 14th, 2024 SEC INDICATES THAT ETHER ETFs SHOULD SEE FINAL APPROVAL SOON Securities and Exchange Commission (SEC) Chair Gary Gensler indicated that the final approvals for ether (ETH) exchange-traded funds (ETFs) should be completed by the end of the summer. This was revealed during a budget hearing …
THE COIN STREET JOURNAL Market News – June 10th, 2024 STABLE COINS MiCA REGULATIONS COME INTO EFFECT AT THE END OF JUNE Stablecoins, designed to maintain a stable value by being pegged to a reserve asset, are central to the crypto sector’s efforts to regain stability. They aim to offer the benefits of cryptocurrencies while …
THE COIN STREET JOURNAL Market News – June 3rd, 2024 $3.02 BILLION OF ETHER WITHDRAWN FROM CENTRALIZED CRYPTO EXCHANGES Since the approval of spot Ether exchange-traded funds (ETFs) in the United States on May 23, over $3 billion worth of Ether has been withdrawn from centralized crypto exchanges. This large exit of Ether, amounting to …
THE COIN STREET JOURNAL Market News – May 24th 2024 BITCOIN REVIEW The price of Bitcoin (BTC) gained significant momentum in 2021 due to increased institutional adoption but faced challenges in 2022 due to regulatory and environmental issues. However, in 2023, Bitcoin experienced a remarkable surge, with its price increasing by 157%. This bullish trend …
THE COIN STREET JOURNAL Market News – May 14th 2024 DEFI PROJECTS HAVE RECENTLY OUTPERFORMED MAJOR BLOCKCHAIN NETWORKS Decentralized finance (DeFi) projects Lido and Aave have recently outperformed major blockchain networks like Bitcoin, Ethereum, and Solana in terms of fee generation. According to data from DeFillama, in the last 24 hours, Lido generated $2.34 million …
THE COIN STREET JOURNAL Market News – May 7th 2024 QUBIC SEES A 21% SURGE IN 24 HOURS QUBIC, the native token of the L1 blockchain Qubic, experienced a significant surge of 21% within the last 24 hours, fueled by analyst predictions of a potential 1000x increase during an anticipated altcoin season. Currently trading at …
THE COIN STREET JOURNAL Market News – April 30th 2024 HONG KONG’S DEBUT OF BITCOIN AND ETHER ETFs FALL SHORT Hong Kong’s debut of Bitcoin and Ether ETFs fell short of expectations, with trading volume significantly lower than anticipated. The total trading volume for these ETFs amounted to just over $11 million. Bitcoin ETFs recorded …
THE COIN STREET JOURNAL Market News – April 23rd, 2024 THE INITIAL RESPONSE TO BITCOIN HALVING Following the recent “halving” of the Bitcoin network, the cryptocurrency’s price has seen only a modest increase of around 4%, trading at approximately $66,500. This event, which reduces miner rewards for adding blocks to the blockchain, historically leads to …
THE COIN STREET JOURNAL Market News – April 12th, 2024 Ripple To Launch U.S. Dollar Stablecoin Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The stablecoin will always be backed 1-to-1 by an equivalent sum of assets …
THE COIN STREET JOURNAL Market News – February 6th, 2024 New U.S. bitcoin exchange-traded funds (ETFs) witnessed substantial growth, accumulating $7.7 billion in funds since their launch, as reported by asset manager CoinShares This surge effectively offset the $6 billion outflows experienced by Grayscale’s flagship fund, GBTC. Notably, BlackRock’s IBTC and Fidelity’s FBTC, prominent among …
