NFT Volume Witnessed Nearly 50% Decline YoY in 2023
From the Q1 2022 through the fourth quarter, digital art volumes fell by more than $10 billion. However, late 2023 and early 2024 were promising times for the NFT market.…
Hong Kong Set to Launch Spot Bitcoin ETF in Q1 2024.
Venture Smart Financial Holdings plans to debut a spot Bitcoin ETF in Hong Kong early this year.In December, Hong Kong outlined the requirements for licensed firms to launch spot Bitcoin…
Court Orders Independent Examiner in FTX Bankruptcy Case.
Ruling of Judge John Dorsey of the U.S. Bankruptcy Court was overturned. The court found that prospective investors would benefit from more clarity.An independent examiner was ordered to be appointed…
NFT Market Surges? $42.8M Trading Volume Signals Comeback
Ethereum NFT market hits a 7-month high, reaching $42.8 million. Blur dominates with 82% volume, and PudgyPenguins surges 65% in 7 days.The Ethereum NFT market experienced a remarkable uptick on…
US SEC Extends Fidelity Spot Ethereum ETF Approval Decision Deadline.
The U.S. SEC has moved the Fidelity’s spot Ethereum ETF approval decision date to March 5, per a recent filingThe U.S. Securities and Exchange Commission (SEC) has extended the deadline…
Ethereum Dips Below $2500. Will ETH Fall More?
Ethereum faces resistance at $2,520, crucial for bullish momentum. Santiment highlights Ethereum’s +22.4% dominance over Bitcoin in one week. Ethereum, the second-largest cryptocurrency, is at a crucial crossroads as it…
BlackRock’s Spot Bitcoin ETF Hits $1 Billion AUM in First Week.
January 12 marked the beginning of trading for the asset manager’s iShares Bitcoin Trust. Statistics reveal that out of IBIT’s total assets, 99% are bitcoin. With $1 billion in assets…
Why is Bitcoin Dropping? Unraveling Grayscale’s BTC Selling Spree.
Major Bitcoin holder Grayscale has engaged in a significant sell-off of BTC.Over the past week, the price of Bitcoin has dropped from $46,200 to $40,756.The flagship cryptocurrency, Bitcoin (BTC), is…
Shiba Inu Burn Rate Surges But Will That Help SHIB Bulls?
Shiba Inu experiences a 6,000% surge in burn rates, impacting token supply.Analysts predict a Potential rally to $0.00001129 or a downturn to $0.00000826.Shiba Inu, a prominent memecoin has recently caught…
Fidelity Sees Recent BTC Sales as Short-Term ‘Hangover’ Post-Spot Bitcoin ETF Launch.
Timmer believes the situation is a “sell-the-news moment” where participants may have “equitized” future spot positions via futures markets.Jurrien Timmer, Fidelity’s Director of Global Macro, has expressed the view that…