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Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate of XRP and Solana ETFs. This comment follows Bitwise’s recent steps toward creating an XRP ETF by registering a trust entity in Delaware. Concurrently, it is ahead of the U.S. Securities and Exchange…
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The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who…
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Coinbase has filed a motion to compel the U.S. Commodity Futures Trading Commission (CFTC) to produce communications with issuers of 12 tokens named in a related lawsuit brought by the Securities and Exchange Commission (SEC). The cryptocurrency exchange is seeking this information to assist in an ongoing lawsuit in the Southern District of New York…
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The Bitcoin price can hit a new all-time high (ATH) this Uptober, considering that this month is historically one of its best months. This historical trend indicates that the flagship crypto could rise to as high as $80,000 as it surges past its current ATH of $73,000. However, the path to a new ATH might…
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Cardano has entered the spotlight again with the Midnight Protocol testnet, a trend that may bode well for ADA price. Per the latest update, the Midnight protocol announced that its long-awaited testnet is now live for developers. The Cardano Midnight Testnet – Key Note To Developers Cardano first introduced the Midnight Protocol as its privacy…
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Ethereum’s price dipped 3.5% on Tuesday to $2500, mirroring the broader crypto market pullback. However, ETH could be poised for gains in Q4 2024 based on a few key factors. Historical data shows Ethereum tends to perform well in Q4, with an average return of 20.8% according to Coinglass. If this pattern holds, ETH could…
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Solana price recently had high market activity, trading around the $148 level at the time of writing. Technically, Solana might be in for a change of direction, with crucial chart patterns and an increasing interest in the derivatives market driving it. Solana Eyes Breakout: Will SOL Surge to $220? The Solana price has fallen by…
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After careful consideration of the FTX reorganization plan, the beleaguered cryptocurrency exchange will eventually distribute $6 billion to users. Notably, the beneficiaries are entities that were affected when the firm imploded in 2022. The reorganization plan was presented earlier to get the opinion of an ad hoc committee, which have now favored it. Unexpected Support…
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The first US HBAR Trust went live recently, sparking discussions over a potential Hederal ETF launch. The launch of the Bitcoin and Ethereum Spot ETF in the US has fueled discussions over which altcoins will be there in line to witness an ETF launch in the same market. For instance, discussions are soaring over a…
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Coinbase Announces Temporary Outage for Platform Upgrade Leading U.S. cryptocurrency exchange Coinbase has notified users of an upcoming temporary outage on its platform via social media. The exchange explained the outage is necessary to implement a planned system upgrade. Scheduled Downtime Details The upgrade is set to begin on Saturday, October 26, 2024 at approximately…