Author: Maria

Several positive developments have been cited lately around the Ethereum blockchain network, one of which is the recent significant drop in the network’s transaction fees after a period of extremely high costs, which has historically been a major challenge for users. Ethereum Transaction Cost At A New Low The average transaction fees on the Ethereum network have fallen sharply to new lows, offering users relief as they enjoy cheaper transactions. Santiment, a leading market intelligence and on-chain data platform, reported the advancement in a recent post on the X (formerly Twitter) platform, reflecting a notable drop in on-chain activity and…

Once again making news, Metaplanet Inc., often known as “Asia’s MicroStrategy,” raised 10 billion yen (about $68 million) through a recent stock sale. The goal of this significant investment is to support its aggressive Bitcoin acquisition strategy. Similar to the tactics of well-known companies like MicroStrategy, the move comes as the company keeps positioning itself as a key player in the cryptocurrency sector. Metaplanet: Significant Investment In Bitcoin With more than 13,000 individual shareholders taking part, Metaplanet announced on October 22 that it had successfully finished its 11th round of Stock Acquisition Rights. This money will go toward buying more…

Crypto enthusiasts are once again demonstrating their confidence in Ethereum, the second-largest digital asset capability in the ongoing cycle, with some experts predicting that ETH could be witnessing a historical price rally to unprecedented heights at the peak of this bull cycle. These experts point to past market trends and ETH’s robust growth as key markers of its long-term potential. Ethereum’s Massive Rally May Hinge On Key Breakout Ethereum’s price could be set for a historical run as a crypto analyst and investor, Trader Tardigrade, has predicted a major breakthrough for ETH to a new all-time high, particularly the $10,000…

CryptoQuant analyst Burak Kesmeci’s recent report revealed a significant notable rise in Bitcoin accumulation addresses, which now surpasses 2.9 million BTC. These addresses have steadily increased their holdings without selling despite the market’s uncertainty, doubling their Bitcoin reserves in just 10 months. This trend highlights a broader market sentiment, where long-term investors, both individual and institutional, are displaying confidence in Bitcoin’s future. The Rise Of Bitcoin Accumulation In 2024 In the post uploaded on the CryptoQuant QuickTake platform, Kesmeci’s analysis dives deep into understanding what defines these accumulation addresses and why they have been so active throughout 2024. Unlike typical…

The launch of spot Ethereum exchange-traded funds (ETFs) has not met the high expectations set by their Bitcoin counterparts, leading industry experts to analyze the underlying reasons. Since their inception on July 23, all spot ETH ETFs have seen outflows of $463 million, according to Farside Investors data. The main culprit is Grayscale’s ETHE with $2.996 billion in outflows, while BlackRock has $1.258 billion and Bitwise $321 million in inflows. Why Are Spot Ethereum ETFs Not Doing Better? Hunter Horsley, CEO of Bitwise Asset Management, took to X to shed light on the factors affecting the performance of the US…

Following a market rebound on Friday, Bitcoin (BTC)  has since shown little price movement gaining by only 0.42% in the last day. The premier cryptocurrency currently hovers around $63,000 as investors continue to await the traditional bullish surge of  “Uptober”.  Commenting on BTC’s potential next movement, CryptoQuant analyst ShayanBTC has highlighted key price levels investors should look out for. Bitcoin Must Overcome Major Resistance To Prevent Crash To $55,000  In a Quictake post on Saturday, ShayanBTC shared key insights on the relationship between Bitcoin’s Realized Price Unspent Transaction Output (UTXO) Age Bands and potential market trends. Generally, the Realized Price…

The Bitcoin vs Dollar debate has been a favorite topic among financial analysts, crypto enthusiasts, and the general investing public. As Bitcoin continues its erratic price action, even briefly hitting over $70k last March 2024, the question remains as relevant as ever. So, is Bitcoin a better store of value and hedge against inflation? If we ask the experts, many agree that Bitcoin is far better than the US dollar and other fiat currencies. According to Anthony Pompliano of Professional Capital Management, Bitcoin is better since fiat currencies are more volatile, and it simplifies many investing principles. Pompliano Pushes For…

Last January 10th, 2024, the US Securities and Exchange Commission finally approved the Bitcoin ETF applications of 11 funds, including Fidelity, Grayscale, and Blackrock’s IBIT. Within a month, trading volume increased as more banks, funds, and individual traders got a share. One market participant that’s slowly boosting its holdings is Morgan Stanley. In its recent 13F-HR/A filing with the SEC, Morgan Stanley declared $272 million worth of Bitcoin ETFs at the end of the third quarter. Although this seems like a sizeable investment, it only accounts for 2% of the total assets in management, now valued at $1.3 trillion. Massive…

In a new blog post titled “Possible futures for the Ethereum protocol, part 2: The Surge,” Ethereum co-founder Vitalik Buterin outlined an ambitious roadmap aiming to scale Ethereum’s transaction processing capacity to over 100,000 transactions per second (TPS) across Layer 1 (L1) and Layer 2 (L2) solutions. This initiative, known as “The Surge,” seeks to enhance scalability while preserving decentralization and security. Buterin began by reflecting on Ethereum’s initial scaling strategies, which involved sharding and Layer 2 protocols like state channels and Plasma. At the beginning, Ethereum had two scaling strategies in its roadmap, he wrote, pointing to a 2015…

Nashville-based asset manager Canary Capital filed an S-1 form for a Litecoin (LTC) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Oct. 15.Canary’s filing is the first application for a Litecoin-linked spot ETF in the US and comes less than a week after the asset manager’s XRP ETF filing on Oct. 8. Canary Capital CEO and founder Steven McClurg was previously Valkyrie Investments chief investment officer, having co-founded the asset manager along with Leah Wald. Different from Solana ETF filingsAlex Thorn, head of research at Galaxy Digital, told CryptoSlate that Litecoin is generally considered to have been a…