Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust ETF (GBTC). Grayscale Exceeds Expectations Despite Outflows According to a shareholder letter from its […]
Investment giant Franklin Templeton has been optimistic about Base, an Ethereum layer 2 scaling solution, claiming that it’s gaining a considerable stake in the emerging SocialFi (Social Finance) market. According to a May report by Franklin Templeton, Base had a share of almost half (46%) of all SocialFi transactions, which was better than BNB Chain […]
An analyst has pointed out how Arbitrum (ARB) has formed a Tom Demark (TD) Sequential buy signal on its weekly chart recently. Arbitrum May Have Hit A Point Of Reversal According To TD Sequential In a new post on X, analyst Ali has discussed a TD Sequential signal that Arbitrum has observed in its weekly […]
CEO of Ethereum scaling company, Neel Somani, has scaled back his public role following a sexual misconduct accusation on X platform last week.Somani, however, consistently maintains his innocence, insisting that the allegations are “false. “ Serious allegations have been made against me on Twitter in the last week. These allegations are false, but serious allegations […]
Avalanche and Salvor have created an NFT lending platform, utilizing $ AVAX, to enable the token’s functionality and liquidity. This collaboration supports the Avalanche network by supplying the users with advanced financial services. Salvor has been found in the Avalanche Rush Program, funded by a $1 million AVAX Backing from Avalanche Foundation, which took place […]
In a year full of global elections, the crypto industry remains expectant and critical of every candidate’s stance on cryptocurrencies. The US presidential elections could pose a turning point for regulations and adoption that could affect the industry worldwide. On Wednesday, Donald Trump, former US president and Republican candidate, stated his support for the industry […]
Coinbase, a U.S Crypto exchange, announced the listing of three new altcoin perpetual futures contracts: Jupiter (JUP), Token (TNSR), and Jito (JTO). These contracts will be available for trading on the Coinbase Exchange and Coinbase Advanced platforms by May 16,2024 at 9:30 UTC.This announcement follows the previous addition of AR-PERP, HBAR-PERP, and THETA-PERP contracts on […]
The Nigerian government has denied the allegations made by Binance’s CEO, Richard Teng, claiming that its officials demanded a $150 million bribe to settle the criminal charges against the crypto exchange. In an official statement released on Wednesday, the Special Assistant to the Minister of Information and National Orientation, Rabiu Ibrahim, dismissed the claims as […]
The Bitcoin price has experienced heightened volatility over the past week. After recovering from a low of $56,500, the largest cryptocurrency in the market surged to $65,500 within four days. However, it has since retraced some of its gains and is currently testing the $61,000 support level. Despite this volatility and the absence of strong […]
Marathon Digital Holdings, Inc. (NASDAQ: MARA (MARA), a pioneer in digital asset technology, has presented the outcomes for the first financial quarter of 2024, demonstrating considerable development. The company had a 223% surge with revenues of $165.2 Million. An 400% increase from $51 million in 2023. The increased revenue is linked to a huge increase […]