Inflows into the newly approved spot Ethereum exchange-traded funds (ETFs) suggest ETH could be on the cusp of a price uptick, according to the crypto analyst Michaël van de Poppe. Van de Poppe tells his 723,100 followers on the social media platform X that Monday marked the first day of zero outflows on the Ethereum …
Monthly archives: August 2024
Is the Crypto Market Bottom In? Here’s What Various Signals Are Suggesting, According to Analyst Jason Pizzino
Analyst and trader Jason Pizzino is weighing the possibility of whether the crypto market could experience more downside. In a new video, Pizzino tells his 332,000 YouTube subscribers that there are “pretty good signs that we may have seen a low” on the downtrend that the total crypto market capitalization has witnessed over the last …
Top Analyst Benjamin Cowen Says Ethereum Has Likely Bottomed Out Against Bitcoin – But There’s a Catch
A widely followed crypto analyst believes that Ethereum (ETH) may have reached a market bottom against Bitcoin (ETH/BTC). In a new video update, crypto strategist Benjamin Cowen tells his 807,000 YouTube subscribers that ETH/BTC may have reached the cycle low at 0.04 BTC. However, he warns that based on historical precedence, there’s a chance that …
Cronos zkEVM Launches Alpha Mainnet With Native Ethereum Bridge
Cronos Labs has announced the launch of its eagerly-anticipated zkEVM mainnet. Developed with support from zkSync developer Matter Labs, the Cronos zkEVM goes live with an extensive ecosystem of dapps already in place and a native Ethereum bridge. The launch of the Cronos zkEVM mainnet follows a successful testnet that kicked off in December 2023 …
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Binance reappears on Indian app stores after securing key FIU-IND registration
Binance has scored a new regulatory milestone by registering with India’s Financial Intelligence Unit (FIU-IND), according to an Aug. 15 statement shared with CryptoSlate. This registration expands Binance’s compliance to 19 jurisdictions, the highest number for any crypto trading platform. The exchange views these registrations as evidence of its commitment to anti-money laundering (AML) standards …
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BlackRock’s iShares surpasses Grayscale’s GBTC as the largest digital asset fund by AUM
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 3 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto industry. Go to Source
Democrat leaders back positive crypto reform in 2024, but community remains divided
Last night, Aug. 14, at a Crypto4Harris event, Senate Majority Leader Chuck Schumer and other prominent Democrats expressed strong support for crypto, underscoring the importance of regulatory clarity and bipartisan collaboration to shape the industry’s future. Schumer emphasized that Congress has a responsibility to enact common-sense and sound regulations for crypto, aiming to bring both …
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive …
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Nigeria Blocks Jailed Binance Executive Tigran Gambaryan’s Legal Team
Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been blocked from visiting him, violating Nigerian regulations. Gambaryan requires specialized surgeries for a herniated disc and recurring throat infections. …
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Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races
A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed about $3 million each to Democrats Ruben Gallego in Arizona and Elisa Slotkin in Michigan. Both candidates …
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One Factor Could Trigger Bitcoin Explosion to New All-Time High, Says Crypto Analyst Kevin Svenson
Cryptocurrency analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC). Svenson tells his 79,000 YouTube subscribers in a new video that Bitcoin is primed to see “continued upside, a continued recovery.” “The reason why is because the stock market is bouncing right back.” Source: Kevin Svenson/X According to Svenson, the S&P 500 …
Ethereum’s funding rates and price decline point to bearish shift
Onchain Highlights DEFINITION:The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, when the rate is negative, short positions periodically pay long positions. Ethereum’s perpetual futures funding rate has recently dipped off its bullish premium. This trend is evident in …
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Binance ends Brazil dispute with $1.76 million settlement over derivatives
Crypto exchange Binance has agreed to pay Brazilian regulators $1.76 million to settle allegations of unlicensed derivatives trading in the country. The settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, marks the end of a year-long investigation into Binance’s activities in the country. Crackdown This regulatory crackdown began in July 2020, when …
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China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside the dollar-dominated financial system. Crypto Considered for Settling Trade Transactions Between China …
Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy
Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths in active fixed income management and commitment to low-cost investments, staying consistent with the firm’s core principles. Vanguard CEO …
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