cryptobusiness
Crypto investors and traders everywhere celebrated when news broke this week that United States regulator, the Securities and Exchange Commission (SEC), is in the process of concluding and ending its investigation into Ethereum. This means that the SEC will not recognize ETH transactions as securities transactions. But, for those of us who aren’t US regulation lawyers, what exactly does this mean? Invezz spoke to three Ethereum experts: Greg Benhaim, portfolio manager at digital asset investment manager 3iQ, crypto influencer Aquarius Maximus and Fineqia analyst David Morrison, on what the mov...
Invezz
The crypto market might be gloomy but sentiment remains positive. The launch of the much-anticipated zkSync (ZK) earlier this week is at the heart of the market buzz. Worth noting is the SEC’s approval of ETH ETFs—the excitement still lingers. Following the recent market setback, Starknet (STRK) aims for $1.00, while Shiba Inu (SHIB) picks up steam. Meanwhile, as the search for cushions against market turbulence heats up, the Rebel Satoshi Arcade (RECQ) has entered investors’ radars. At the same time, its staggering growth potential means holders can as well kill two birds with a stone. Hence,...
Invezz
A local source revealed that Japan’s leading crypto exchange, bitFlyer, is negotiating to buy all shares of FTX’s Japanese subsidiary. Japan’s NHK news confirmed that the FTX firm is making adjustments as it prepare for business expansion and new acquisition. The deal, worth millions of dollars or billions of yen, will see bitFlyer management taking over FTX Japan. Nevertheless, the legal tangles and the mistrust among customers and investors likely challenge the deal. US regulators are closely watching the deal as it comes amidst FTX’s insolvency proceedings. bitFlyer will likely introduce ma...
Invezz
The upcoming launch of the Ethereum (ETH) Spot ETF on July 1, 2024, has created a buzz in the crypto markets. This ETF is expected to bring the second-largest cryptocurrency by market capitalization into mainstream brokerage accounts and attract institutional investors. What is the Ethereum (ETH) ETF?An exchange-traded fund (ETF) is an investment vehicle traded on stock exchanges that holds assets such as stocks, commodities, or bonds. The ETH Spot ETF is distinct because it is directly backed by Ethereum, meaning it holds actual ETH in its reserves. This setup allows investors to gain exposur...
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The meme coins market flourished in 2024, with several token hitting new all-time highs. While the craze seems to fade, with celebrity tokens denting the space, Solana-based SolJu (SOLJ) has come to the rescue. Solju is currently under presale, and the project appears attractive as market players shift from gambling to prioritizing fundamentals. Why is SolJu unique?The newly launched crypto wants to revolutionize the meme coin world with real-world involvement. Firstly, Solju creators brought South Korea’s pop culture to the Solana network. That positions Solju for increased popularity as Sola...
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While the altcoin market stays on edge with Bitcoin (BTC) hovering below $66,000, AI-based digital assets have shown noteworthy gains over the past day. This trend shows the growing interest and potential resilience of AI cryptocurrencies in an otherwise uncertain market. The overall market capitalization of top AI cryptocurrencies surged nearly 5% within the last 24 hours, reaching $30.33 billion. This increase indicates a robust confidence among investors in AI-driven digital assets, even as the broader cryptocurrency market experiences turbulence. Fetch.ai leads the gainersFetch.ai (FET) em...
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Bitget, the world’s leading cryptocurrency exchange and Web3 company, has navigated the challenges of May with notable success, solidifying its position as a top derivative exchange. Despite a general decline in trading volumes across centralized exchanges, Bitget recorded the highest capital inflow and a significant surge in open interest. Bitget stands out in a declining marketAccording to CCData’s report, the combined spot and derivatives trading volume on centralized exchanges fell by 20.1% to $5.27 trillion in May. This decline followed events such as the Bitcoin Halving and BTC ETF annou...
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PrimeXBT, a leading name in the online trading industry, has recently undergone a comprehensive brand revamp. This reflects its commitment to democratising financial markets and making investing accessible to all. The “We Listen” campaign is central to this transformation, underscoring the company’s dedication to incorporating client feedback into its service enhancements. A client-centric approachPrimeXBT’s “We Listen” campaign is more than a slogan; it is a testament to the company’s philosophy of putting people at the core of its ethos, mission and culture. By actively seeking and implement...
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The Hashgraph Association and DeFi firm Valour Inc. grabbed the attention of crypto investors with their latest partnership. The duo has joined forces to introduce the first Valour Hedera exchange-traded product (ETP), launched on 18 June in the Frankfurt Stock Exchange (FSX) at the closing bell ceremony. According to the press release, This new product underscores Valour’s commitment to expanding its portfolio of ETPs and enhancing market accessibility for digital assets on traditional exchanges. The development gained massive traction within no time, as Hedera seemingly followed strides of B...
Invezz
Dogecoin (DOGE) has recovered from its gloomy performance with a notable price jump over the past day. The meme token gained nearly 3% on its daily chart to hover at $0.1259 during this publication. Positive comments from BitMEX founder Hayes and the latest statement about X Payments LLC excited Dogecoin enthusiasts, triggering the price uptick. Arthur Hayes recently affirmed that he will increase his investments in DOGE and Pendle. He has been somewhat vocal about the themed token, even forecasting a Dogecoin ETF soon. The endorsement shows Haye’s confidence in Dogecoin’s future potential. Fu...
Invezz
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