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Investment asset management Bitwise chose to pursue an XRP ETF product at a very odd time. The firm recently filed an S-1 registration with the United States Securities and Exchange Commission (SEC). With this filing, there are already speculations amongst experts on what the future holds for this filing. Many are speculating that the regulator…
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The HMSTR token has faced challenges reaching the $0.1 price target, largely due to over 60% of its supply entering circulation after the Hamster Kombat airdrop. Significant selling pressure has led to a price drop exceeding 50% from its all-time high. Several factors are keeping Hamster Kombat below the $0.1 mark. The large circulating supply…
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Magic Eden will soon be minting Ubisoft’s upcoming 10,000-piece NFT collection on the Ethereum scaling network Arbitrum to give holders early access to the new game. Minted on the Ethereum layer-2 scaling network Arbitrum, the new Niji Warrior ID NFTs unlock early access to the top-down shooter, enable participation in the game’s governance model and…
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Following the release of US job data, BlackRock CIO Rick Rieder has predicted that the Federal Reserve will cut interest rate further by 25-basis-point. Per his projection, this will come when the Federal Open Market Committee (FOMC) meets in November. US Job Data Drops From August Level The September jobs report came in stronger than…
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Terra Luna Classic (LUNC) has made significant strides with the completion of a major upgrade, paving the way for the highly anticipated Tax2Gas feature. The community overwhelmingly supported the proposal for an upgrade to v3.1.6, with 100% of votes in favor. This marks a crucial milestone for the ecosystem, aimed at enhancing transaction efficiency and…
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Bitwise Asset Management had a new ETF filing – more precisely, it filed to convert three crypto futures ETFs from long-only strategies to strategies that rotate between crypto futures and US Treasuries exposure based on market trends. The ticker will be $BITC. The above strategy, to be undertaken in aid of helping to reduce downside…
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Uncertainty encapsulates crypto markets as Bitcoin (BTC) hovers above $60K. While some altcoins are defying this trend and rallying, others await BTC’s signal. The Iran-Israel war has pushed investors to be extra cautious since it triggered a double-digit crash earlier this week. In this article, CoinGape explores what’s next for Bitcoin price if there’s more…
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The Shiba Inu meme cryptocurrency saw significant price fluctuations on Friday, rebounding with intraday gains of up to 5% despite a 14% crash over the past week. This volatile price action has sparked speculation among crypto investors about SHIB’s near-term trajectory. While weekly charts show a decline, SHIB’s monthly performance remains positive with a 27%…
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The latest US Job data showed that the nonfarm payroll data figures came in at 254,000 in September, more than the market expectations. The unemployment rate also comes below the market estimates, dampening the market sentiment, and indicating a further decline in Bitcoin and altcoins prices. Notably, this set of data is crucial for the…
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The XRP price was on the investors’ radar this week, with the crypto noting a sharp decline following the latest development in the Ripple SEC case. In the latest development, the US SEC has filed a Notice of Appeal, signaling that the legal battle is far from over for now. This move has sparked speculations…