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One part community, one part prediction market, the meme coin that borrows the former president's likeness is a troll project that became serious. One day, the Donald Trump-themed MAGA coin, which surged nearly 400% over the last month according toCoinGecko data, and boasts a market cap of over $285 million, might enter the meme coin hall of fame alongside the...
Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years The cryptocurrency has more room to run, analysts say. (NASA) Bitcoin is poised to close February with a 44% gain, its largest monthly advance since December 2020. Bitcoin demand via U.S.-listed spot bitcoin ETFs is met with constrained supply, dominated by long-term holders unwilling to sell, Galaxy's Alex Thorn said. Bitcoin(BTC)is...
Spot bitcoin ETFs again booked a strong day, recording over $2 billion in daily trading volume but slightly fell short of Monday's record. (Jim Henderson, modified by CoinDesk) BlackRock's IBIT traded $1.35 billion on Tuesday, surpassing Monday's record daily volume. U.S.-listed spot bitcoin ETFs attracted $520 million in net inflows Monday as bitcoin rallied to $57,000. BlackRock's spot bitcoin(BTC)exchange-traded fund...
Blast, in an X post, termed the project’s potential as “undeniable,” which may have created a sense of security among investors. (fikry anshor/Unsplash, modified by CoinDesk) Blast ecosystem experienced the first rug pull event as RiskOnBlast, a gambling and exchange platform, disappeared with over 420 ether raised from retail traders. RiskOnBlast’s anonymous team sent nearly $500,000 to ChangeNow, $360,000 to...
Users on X pointed out that Trump’s recent change in tune toward Bitcoin could be just an election-related tactic to attract crypto-focused voters. Former United States President Donald Trump has changed his tune on Bitcoin. From making anti-Bitcoin statements and calling it a scam during his tenure as president, Trump now says BTC is something he can live with and...
Bloomberg exchange-traded funds analyst Eric Balchunas noted a particular uptick in volume for HODL and BTCW (Sophie Backes/Unsplash) Bitcoin(BTC)exchange-traded funds posted the most trading since their debut in the U.S. last month. Volume amounted to nearly $2 billion, the highest total since the first day of trading on Jan. 11, Bloomberg Intelligence senior ETF analyst Eric Balchunas noted on X....
Ethereum co-founder Vitalik Buterin has shared his enthusiasm for AI in helping to identify potential flaws in Ethereum’s codebase. Ethereum co-founder Vitalik Buterin says artificial intelligence (AI) could be crucial to solving one of Ethereum’s “biggest technical” risks: bugs buried deep within its code. In a Feb. 18poston X, Buterin shared his excitement for AI-powered auditing to identify and fix...
Massive inflows into spot bitcoin ETFs made headlines recently, but other metrics showcase U.S. investors' appetite for the asset. Bitcoin's price premium on Coinbase hit a 9-month high Thursday, indicating strong U.S. demand, CryptoQuant data showed. (Jonathan Borba/Unsplash, modified by CoinDesk) Bitcoin's price premium on Coinbase hit a 9-month high, indicating demand from U.S. investors, CryptoQuant data showed. The recent...
Some Bitcoin ETF issuers will pull their funds as the tussle for market share and low fees heats up, while investors reap the rewards in the meantime, say analysts. The cutthroat battle to become the top United States spot Bitcoinexchange-traded fund (ETF) issuer could see many of the listed ETFs today eventually shut down due to lack of profits. According...
The S&P 500 look expensive relative to bonds, but that does not imply risk aversion or outflow of money from stocks and crypto and into Treasury notes. BTC's price (CoinDesk) Bitcoin surged over 13% last week to register its best performance since October. The AI-led surge in the S&P 500 is supportive of the bullish momentum in the crypto market....
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