Author: Kent Tenix

Spot Bitcoin ETFs saw over $310 million in inflows on July 12, marking their best day since June 5. BlackRock’s iShares Bitcoin Trust led the way with $120 million, followed by Fidelity’s Wise Origin Bitcoin Fund with $115.1 million, according to Farside Investors.  The Bitwise Bitcoin ETF recorded $28.4 million in inflows, while Grayscale Bitcoin Trust had a rare inflow of $23 million. The VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF saw inflows of $6 million and $4 million, respectively. However, the spot Bitcoin ETFs from Hashdex, Franklin Templeton, Valkyrie, and WisdomTree did not record any inflows that…

The XRP price saw a significant rise after the rumors spread about the Upcoming SEC Case Decision Against XRP. Leaving behind the market trend, XRP gained 6.11% in the last 24 hours and traded at $0.46. On July 4, XRP closed its daily trading at $0.4256 by witnessing a decline of almost 7.32% in its price, which is the lowest point it touched since March. The recent price jump makes people curious about the reason behind it. Some of them assumed the inside information about the upcoming SEC case decision against Ripple resulted in the rise of its price. Now,…

Germany’s Bitcoin holdings briefly dropped below 5,000 BTC after sending a large amount to Coinbase, Bitstamp, and Kraken, but then moved some back. The German government’s Bitcoin wallet now holds 9,094 BTC—only 18% of what it initially had—after recent transfers to and from crypto exchanges on July 11. The wallet, holding Bitcoin seized from a film pirating website in January, has transferred billions in Bitcoin since June 19, with increased activity starting in July. On July 11, the wallet briefly dipped below 5,000 BTC after sending 10,620 BTC—worth $615 million—to Coinbase, Bitstamp, Kraken, Flow Traders, and two anonymous addresses, according…

Bitcoin holders are facing mounting unrealized losses, but unlike in past market cycles, those who are losing money are staying calm. Long-term Bitcoin holders are not selling during the current price cycle’s “deepest correction.” In its latest weekly newsletter, The Week Onchain, crypto analytics firm Glassnode shared positive news about the resilience of Bitcoin holders Glassnode Applauds Bitcoin Market Resilience Bitcoin might be going through its biggest drop of the current bull market, but its “diamond hands” holders aren’t panicking. For Glassnode, “if we look at performance indexed to the date of the Bitcoin halving, we can see that the…

The Spot Ethereum ETF is nearing its launch, says Bitwise’s chief compliance officer, Katherine Dowling. The SEC and issuers are amending minor issues pointed out in the S-1 filing form, making the ETF close to launch. The awaited launch of the 8 spot Ether ETF is making its steps towards approval, however, an exact date has yet to be announced by the regulators. The Ethereum Exchange Traded Funds will go live immediately after the SEC approves the S-1 filing form. “Everyone has a different definition of summer. It’s been a little bit of a long, hot summer for the issuers…

Dubai Customs launched a blockchain platform to help overcome the efficiency and transparency of transactions within Dubai and across borders. This happened with the joint efforts of the government entities and the logistics industries to make Dubai a premier global trade hub. In a social media statement released by Dubai Media on July 8, they stated to make Dubai a smart city on the instruction of the Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. Chairman of the Ports, Customs, and Free Zone Corporation of Dubai, Ahmed bin Sulayem aimed to make Dubai a global trade…

BNB Chain launches MindPress to disrupt marketplaces, utilizing BNB Smart Chain and Greenfield to overcome traditional NFT market constraints. It highlighted that with MindPress, BNB Chain envisions offering developers more than just a trading place; it envisions a convenient way to handle various digital assets. Introduction to MindPress, a New Platform of BNB Chain Unlike platforms dedicated exclusively to NFT, MindPress opens a wider range of opportunities through trading not only art but images, videos, and numerous digital assets to unleash the full potential of blockchain for various developers and cretive individuals. In general, MindPress offers an excellent marketplace experience…

In a recent steep fall, most of the high-rank altcoins in the cryptocurrency market are again listed on the negative side of the percentage. The chart of the 20 most significant digital assets by market capitalization reveals that Shiba Inu (SHIB) and Dogecoin. which are popular meme coins, have become some of the largest cryptocurrencies with negative daily performance, all being down by more than 5% within the past 24 hours along with Bitcoin Cash (BCH). Mt. Gox, a Bitcoin exchange that shut its doors down as a result of a 2014 hack and subsequent insolvency, has started to pay…

Shytoshi Kusama, the leader of Shiba Inu, bids farewell to Japan. It is time for him to move on to the next destination, where he will have to take his “meet and greet.” The lead developer of SHIB, identified by the moniker Shytoshi Kusama on social media platforms and who recently introduced himself at a crucial Web3 conference in Kyoto, has announced his next place of public presence on Twitter. The SHIB community awakens as Shytoshi Kusama causes a splash This recent visit has created much excitement among the SHIB community, as Kusama has appeared in Japan recently, filling X…

While Bitcoin fights to stay above $54,500, Solana’s ETF filing by VanEck has served as bullish support during the bear run, with SOL retaining itself above key support zones while dropping by 8%. This is especially true when there are expectations of a Solana price rally, which helps to reinforce trader optimism. In the case of the reversal, it is not as easy as it seems; the price may not start making a recovery immediately; it has to close the trading above the current levels and hit the upper target to ward off bearish pressure most efficiently. SOL price has…