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Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals (Danny Nelson/CoinDesk) Two Ethereum ecosystem tokens, PEPE and MOG, climbed to new highs on the back of U.S. ether ETF filings approvals, with traders treating them as beta bets. Open interest in futures for the tokens increased, suggesting new money entering the market, though the long-to-short ratio...
"A week ago, I would've said you were a little crazy to think that these ETFs were going to get SEC approval," a Bloomberg analyst said. The Securities and Exchanges Commission (SEC) on Thursday approved 19b-4 forms filed by issuers looking to launch a spot ether exchange-traded fund (ETF), marking a key step forward in bringing the fund on the...
The likely GOP flag bearer in the upcoming U.S. presidential election signaled his friendliness to crypto at a Mar-a-Lago event earlier this month. Donald Trump at an NFT event at Mar-a-Lago on May 8, 2024. (Danny Nelson/CoinDesk) Donald J. Trump's presidential campaign on Tuesdaybegan accepting crypto donations, making good on the presumptive Republican nominee's pledge to become the first major...
On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and hodl waves paint a bullish picture for Bitcoin investors. Despite crypto markets having consolidated sideways for the past three months, at least five on-chain indicators suggest the bull market may just be getting started, according to an analyst. Since the end of February, the total market capitalization of...
The stock was the second worst performing among crypto stocks on Thursday. Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday. (Alpha Photo/Flickr) Shares of Coinbase fell nearly 8% on Thursday to a price of $202.49. The drop came after a report from the Financial Times that futures exchange CME was considering offering spot bitcoin...
Samil Ramji, who led BlackRock’s ETF business including the launch of the firm’s spot bitcoin product, departed the firm in January. Vanguard is expected to name former BlackRock executive Samil Ramji as its new CEO, people familiar with the matter told the WSJ. (John Keeble/Getty Images) Vanguard named the BlackRock executive who oversaw the firm's launch of its bitcoin exchange-traded...
Bitcoin’s price chart resembles that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders. Bitcoin’s price chart resembles that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders. Bitcoinis replicating the same path as it did after the 2016 Bitcoin halving event,...
CoinMarketCap registered a record 138 memecoins in April, according to one analyst. CoinMarketCap registered a record 138 meme coins in April, according to pseudonymous analyst Crypto Coryo. Fast money has been chasing PEPE and WIF. The meme coin season continues to march forward, undeterred by the stalled rally in bitcoin(BTC). Data tracking website CoinMarketCap listed a record 138 meme coins...
New legislation is on the way to target mixers as money-laundering tools, according to Rep. Sean Casten, who also highlighted Tether as the favorite token for illicit finance. Democrats in the House of Representatives say they'll push a bill to target money laundering in crypto mixing services. (Jesse Hamilton/CoinDesk) A new bill from House Financial Services Committee Democrats is expected...
Bitcoin price on May 3 (CoinDesk) Bitcoin jumped nearly 5% following soft U.S. jobs data. The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said. Cryptocurrencies bounced on Friday led by bitcoin's(BTC)gain, sparking hopes that the worst of the drawdown might be over. BTC surged almost 5% to briefly above $62,000 during U.S....
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