🇺🇸 The U.S. Securities and Exchange Commission (SEC) has approved trading of spot Ethereum ETFs.
21Shares, Bitwise, BlackRock, Fidelity, VanEck, and Invesco Galaxy have received permission.
ETF trading will begin today, July 23. 📈
21Shares, Bitwise, BlackRock, Fidelity, VanEck, and Invesco Galaxy have received permission.
ETF trading will begin today, July 23. 📈
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The number of Telegram users has approached 1 billion thanks to "tappers"! 🚀
Amid the hype around crypto games, Telegram's popularity continues to grow. Pavel Durov announced that the number of active users of the messenger has already exceeded 950 million per month. 🙀
This trend is explained by clicker games that offer cryptocurrency earnings by "tapping" the screen. 👇 📱 It all started with the Notcoin project, followed by successors such as TapSwap, Hamster Kombat (both mentioned by Durov on his channel), and others.
🤷 There are now so many tappers that it's hard to impress users with originality. Unless, of course, the game is backed by a large platform like OKX, which recently launched its own tapper.
Amid the hype around crypto games, Telegram's popularity continues to grow. Pavel Durov announced that the number of active users of the messenger has already exceeded 950 million per month. 🙀
This trend is explained by clicker games that offer cryptocurrency earnings by "tapping" the screen. 👇 📱 It all started with the Notcoin project, followed by successors such as TapSwap, Hamster Kombat (both mentioned by Durov on his channel), and others.
🤷 There are now so many tappers that it's hard to impress users with originality. Unless, of course, the game is backed by a large platform like OKX, which recently launched its own tapper.
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Congratulations to all crypto bro on the successful launch of spot Ethereum ETFs, straight from Africa! 🕺😁
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The transaction volume on Polymarket reached a record $228 million!
📈 The transaction volume on Polymarket has risen to $228 million since the beginning of July, setting a record. For comparison, it was $111.6 million in June.
🇺🇸 The active growth in metrics is associated with the U.S. presidential election campaign that has started. The total volume of open positions on the election winner has reached $338.1 million. 💰
The main candidates are Donald Trump from the Republicans and Kamala Harris from the Democrats (although she has not yet been officially confirmed at the party convention), as Joe Biden withdrew from the race under pressure from influential party members). 🤷
📈 The transaction volume on Polymarket has risen to $228 million since the beginning of July, setting a record. For comparison, it was $111.6 million in June.
🇺🇸 The active growth in metrics is associated with the U.S. presidential election campaign that has started. The total volume of open positions on the election winner has reached $338.1 million. 💰
The main candidates are Donald Trump from the Republicans and Kamala Harris from the Democrats (although she has not yet been officially confirmed at the party convention), as Joe Biden withdrew from the race under pressure from influential party members). 🤷
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Ethereum ETF Trading Has Started! 🚀
👀 The market now offers 9 funds from Grayscale, Franklin Templeton, VanEck, Bitwise, 21Shares, BlackRock, Fidelity, and Invesco Galaxy.
💰 The initial asset level of these funds is $10.255 billion. According to Bloomberg analyst James Seyffart, a significant portion of these assets consists of ETH.
Eric Balchunas expects an inflow of about 20% of BTC ETF's first-year inflow ($5-6 billion).
So far, Ethereum hasn't shown much reaction to the launch 😳
👀 The market now offers 9 funds from Grayscale, Franklin Templeton, VanEck, Bitwise, 21Shares, BlackRock, Fidelity, and Invesco Galaxy.
💰 The initial asset level of these funds is $10.255 billion. According to Bloomberg analyst James Seyffart, a significant portion of these assets consists of ETH.
Eric Balchunas expects an inflow of about 20% of BTC ETF's first-year inflow ($5-6 billion).
So far, Ethereum hasn't shown much reaction to the launch 😳
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A rumor is actively circulating on Twitter that Changpeng Zhao has already been released from prison! 🙀
Let us remind you that on April 30, the founder of Binance was sentenced to four months in prison, and they have not yet elapsed. 🧐
Let us remind you that on April 30, the founder of Binance was sentenced to four months in prison, and they have not yet elapsed. 🧐
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Jim Cramer, on CNBC discussing the launch of the Ethereum ETF, essentially gave Ethereum his blessing for growth. 📈
- he said, suggesting that the cryptocurrency’s price had been artificially inflated in anticipation of the ETF launch. 🚀
It's worth noting that Cramer is known for his 'reverse predictions', so crypto enthusiasts always take it positively when he 'buries' a project. 👍
Currently, the price of Ethereum remains largely unchanged, fluctuating in the range of $3,400 to $3,500. 👀
"The fact that ETH is selling off is just a testament to how much it had been bid up"
- he said, suggesting that the cryptocurrency’s price had been artificially inflated in anticipation of the ETF launch. 🚀
It's worth noting that Cramer is known for his 'reverse predictions', so crypto enthusiasts always take it positively when he 'buries' a project. 👍
Currently, the price of Ethereum remains largely unchanged, fluctuating in the range of $3,400 to $3,500. 👀
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dYdX Trading has resumed operations of the website following a breach.
The dYdX Trading team has restored the compromised website dydx.exchange of their v3 trading platform.
🧑💻 According to developers, an attacker hijacked the v3 domain and deployed a fake site to steal funds during wallet connections.
The attack did not affect the underlying smart contracts or users' funds held there, nor did it impact the v4 platform (dydx.trade). 📊
The dYdX Trading team has restored the compromised website dydx.exchange of their v3 trading platform.
🧑💻 According to developers, an attacker hijacked the v3 domain and deployed a fake site to steal funds during wallet connections.
The attack did not affect the underlying smart contracts or users' funds held there, nor did it impact the v4 platform (dydx.trade). 📊
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CEO Bitcoin Magazine David Bailey is negotiating with Kamala Harris regarding her appearance at the Bitcoin 2024 conference.
The event will take place from July 25 to 27. Also scheduled to speak is Donald Trump (and possibly even Elon Musk!), who, by the way, has already removed the laser eyes from his avatar on the X social network.🤔
The event will take place from July 25 to 27. Also scheduled to speak is Donald Trump (and possibly even Elon Musk!), who, by the way, has already removed the laser eyes from his avatar on the X social network.🤔
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🕵️♂️ The Kraken exchange, actively used for distributing bitcoins to Mt. Gox creditors, is experiencing a significant outflow.
This indicates that Mt. Gox coins are being withdrawn from the exchange. Even if they were sold, they are now being taken out by new holders. 🤔
In simpler terms — there is no panic in the market regarding Mt. Gox sell-offs. 💪
This indicates that Mt. Gox coins are being withdrawn from the exchange. Even if they were sold, they are now being taken out by new holders. 🤔
In simpler terms — there is no panic in the market regarding Mt. Gox sell-offs. 💪
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Franklin Templeton Hints at Launching a Solana ETF 🚀
The asset manager and issuer of spot Bitcoin and Ethereum ETFs, Franklin Templeton, mentioned Solana among the "other interesting and important developments" that will contribute to the industry's growth. 📈
- the statement said.
On July 23, Franklin Templeton changed their cover image on X, dedicating it to the launch of Ethereum-based exchange-traded funds. Benjamin Franklin's glasses turned "laser." This happened after Elon Musk's laser eyes appeared, although he has since returned to his traditional Twitter avatar. 🤔
The asset manager and issuer of spot Bitcoin and Ethereum ETFs, Franklin Templeton, mentioned Solana among the "other interesting and important developments" that will contribute to the industry's growth. 📈
"Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures."
- the statement said.
On July 23, Franklin Templeton changed their cover image on X, dedicating it to the launch of Ethereum-based exchange-traded funds. Benjamin Franklin's glasses turned "laser." This happened after Elon Musk's laser eyes appeared, although he has since returned to his traditional Twitter avatar. 🤔
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The number of active weekly users on the Solana blockchain has exceeded 10 million for the first time, setting a new all-time high.
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"The to the moon" didn't happen, and the price of ETH dropped by 8% in a day. 🤷
💰 Capital inflow into new spot ETFs based on Ethereum decreased following the trading session on July 24. For example, BlackRock's fund received $17 million compared to $266.5 million on the first day. 🤔
The outflow of investor funds from Grayscale's ETF continued, amounting to $327 million (down from $484 million the day before).
📉 Due to the price drop ($3,174 at the moment) on exchanges, ETH longs worth approximately $100 million were liquidated in a day.
💰 Capital inflow into new spot ETFs based on Ethereum decreased following the trading session on July 24. For example, BlackRock's fund received $17 million compared to $266.5 million on the first day. 🤔
The outflow of investor funds from Grayscale's ETF continued, amounting to $327 million (down from $484 million the day before).
📉 Due to the price drop ($3,174 at the moment) on exchanges, ETH longs worth approximately $100 million were liquidated in a day.
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Bitstamp has begun the process of returning digital assets to Mt.Gox creditors.
📢 The company announced that it has received BTC, BCH, and Ethereum from Mt.Gox trustees and will start distributing the assets to clients on July 25.
Around 20,000 users will receive payouts. 💰
Previously, the exchange Kraken conducted payouts.
📢 The company announced that it has received BTC, BCH, and Ethereum from Mt.Gox trustees and will start distributing the assets to clients on July 25.
Around 20,000 users will receive payouts. 💰
Previously, the exchange Kraken conducted payouts.
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📉 Ethereum Under Pressure: New Concerns After Sell-Off
10x Research has identified "signs of new problems" following Ethereum's sharp decline post spot ETF launch. 🧐
🔍 According to analysts, the sell-off mirrors past patterns seen during the launch of digital gold ETFs. Many traders expected ETH-ETFs to capture 20% of BTC-ETF inflows but underestimated the "sell the news" rule.
📊 Data shows significant outflows from Grayscale's ETHE, with $481M and $326M withdrawn in the first two days of trading.
🛑 Analysts predict bearish trends for Ethereum, highlighting overbought conditions before the ETF launch and stagnant or declining fundamental metrics like new users and revenue.
⚠️ While Bitcoin enjoys "digital gold" status, Wall Street remains unsure of Ethereum's value proposition. Experts warn of further price drops due to potential pressure from Mt.Gox clients, upcoming US corporate reports, and weak seasonal trends in August and September.
10x Research has identified "signs of new problems" following Ethereum's sharp decline post spot ETF launch. 🧐
🔍 According to analysts, the sell-off mirrors past patterns seen during the launch of digital gold ETFs. Many traders expected ETH-ETFs to capture 20% of BTC-ETF inflows but underestimated the "sell the news" rule.
📊 Data shows significant outflows from Grayscale's ETHE, with $481M and $326M withdrawn in the first two days of trading.
🛑 Analysts predict bearish trends for Ethereum, highlighting overbought conditions before the ETF launch and stagnant or declining fundamental metrics like new users and revenue.
⚠️ While Bitcoin enjoys "digital gold" status, Wall Street remains unsure of Ethereum's value proposition. Experts warn of further price drops due to potential pressure from Mt.Gox clients, upcoming US corporate reports, and weak seasonal trends in August and September.
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