BlackRock’s ETHA ETF Draws $900M in 11 Days

BlackRock’s ETHA ETF Draws $900M in 11 Days

In A Nutshell BlackRock’s iShares Ethereum Trust (ETHA) has experienced a remarkable surge in investor interest, amassing nearly $900 million in inflows within 11 trading days of its launch. This rapid accumulation of funds underscores the growing appeal of Ether-based investment products amid fluctuating cryptocurrency markets. The fund’s performance places it among the top six…

Bitcoin Bulls Accumulate $23B, Eyeing Recovery

Bitcoin Bulls Accumulate $23B, Eyeing Recovery

In A Nutshell Recent on-chain data has highlighted a significant trend in the Bitcoin market, revealing that “permanent holder addresses” have accumulated nearly $23 billion of Bitcoin in the last 30 days. This movement is interpreted as a strong sign of accumulation, suggesting that despite the current market slump, major players or “whales” are actively…

Core Scientific’s Stock Surges 12% on Major Hosting Deal

Core Scientific’s Stock Surges 12% on Major Hosting Deal

In A Nutshell Core Scientific’s stock experienced a notable surge of over 12% in early trading on August 6, following the announcement of an expanded hosting deal with CoreWeave. This adjustment will see Core Scientific bolstering its infrastructure to provide an additional 112 megawatts for CoreWeave’s Nvidia GPUs, projecting a substantial $2 billion in revenue…

Bitcoin Dips Below $65K: Buy Signal or Caution?

Bitcoin Dips Below $65K: Buy Signal or Caution?

In A Nutshell Bitcoin’s recent dip below $65,000 has sparked a flurry of activity among investors, with several indicators suggesting a potential reversal and a buying opportunity. Analyzing data from sources like CoinMarketCap, Santiment, and CryptoQuant, there’s evident buying pressure as Bitcoin’s exchange supply drops and active addresses increase. Further explorations into Glassnode’s data and…

Solana Outperforms Ethereum, Hits Record SOL/ETH Ratio

Solana Outperforms Ethereum, Hits Record SOL/ETH Ratio

In A Nutshell The SOL/ETH ratio, which measures the value of one Solana token against one Ethereum token, has reached an unprecedented high following a significant market downturn. This increase occurred in the context of a considerable sell-off in the cryptocurrency market, which also affected broader financial markets. Despite both cryptocurrencies experiencing sharp declines in…

Solana Memecoins Surge Boosts Demand for Rust Devs

Solana Memecoins Surge Boosts Demand for Rust Devs

In A Nutshell The recent surge in popularity of Solana-based memecoins has led to an increased demand for Rust developers in the cryptocurrency industry. As the primary programming language for developing on the Solana blockchain, Rust’s versatility and efficiency in creating performant distributed systems have positioned it as a highly sought-after skill in the job…

Fed Cuts Rates: Impact on Bitcoin & Crypto Market

Fed Cuts Rates: Impact on Bitcoin & Crypto Market

In A Nutshell The Federal Reserve’s decision to cut interest rates from September to December highlights a pattern of responses to economic challenges. Historically, these actions have significant implications for the financial markets, including cryptocurrencies such as Bitcoin, Solana, and Dogecoin. Understanding the potential effects of these economic policies on digital assets can offer strategic…

Coinsquare Leads as Canadian Crypto Exchanges Regulate

Coinsquare Leads as Canadian Crypto Exchanges Regulate

In A Nutshell Canadian crypto trading platforms (CTPs) are approaching a critical juncture in their operational journey, facing an impending deadline to solidify their status as investment dealers. This move necessitates membership in the Canadian Investment Regulatory Organization (CIRO), marking a pivotal step towards full regulatory compliance within the nation’s securities framework. The deadline underscores…

Shiba Inu Price Soars 28% After Major Token Burn

Shiba Inu Price Soars 28% After Major Token Burn

In A Nutshell The digital currency, Shiba Inu (SHIB), witnessed a notable 28% price increase, sparking discussions about its future trajectory in the cryptocurrency market. This surge is particularly interesting in the wake of a significant token burning event and amidst varying market sentiments. This piece delves into the recent SHIB price action, explores the…