The Chief Investment Officer of Bitwise Asset Management has made a bold prediction regarding Ethereum Exchange-Traded Products (ETPs) driving ETH prices to new all-time highs above $5,000 by the year’s end. The introduction of ETPs is expected to have a significant impact on Ethereum’s price, potentially surpassing the effects seen with Bitcoin. This forecast is
Crypto
During this week’s market recovery, XRP has stood out as one of the top-performing crypto assets. With a recent spike to $0.62, a level not seen since March, XRP has demonstrated an impressive recovery, showcasing over 40% gains in just one week. This surge in price has been attributed to a broader market uptrend, indicating
The recent positive inflows towards spot Bitcoin ETFs have contributed to the recovery of the underlying asset’s price, which reached $66,000 for the first time in roughly a month. Bitcoin faced significant price turbulence at the beginning of the month, resulting in a price dump to a three-month low of under $54,000 on July 5.
Australian computer scientist Craig Wright’s assertion that he is the mysterious figure behind Bitcoin, Satoshi Nakamoto, may have serious legal repercussions. A recent ruling in the COPA vs. Wright case has exposed potential perjury and forgery of documents by Wright. High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS)
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit that resulted in the loss of over $8 million in user funds. Cyber Alerts discovered suspicious transactions within the LI.FI cross-chain transaction aggregator, prompting LI.FI to issue a warning to users not to interact with any LI.FI powered applications temporarily. The breach
The US spot Bitcoin ETFs had a remarkable day on July 15th, with a daily net inflow of $301 million. This marked the seventh consecutive day of positive momentum, reflecting a broader market recovery trend. Notably, none of the ETFs saw outflows on that particular day. The data, as compiled by SoSoValue, revealed that BlackRock’s
The market for Bitcoin experienced a significant increase as its price surged to over $65,000, marking a two-week peak. This rise came after the digital asset had recovered from a crash on July 5, gaining over ten thousand dollars. However, the positive momentum was short-lived as news about Mt. Gox moving billions in Bitcoin caused
Bitcoin has once again captured the attention of cryptocurrency enthusiasts as dormant wallets containing staggering amounts of BTC have started to reemerge after years of inactivity. This resurgence has raised questions about the motives behind these sudden movements and the identities of the owners of these wallets. Recently, Whale Alert identified the activation of a
Scroll, a ZK rollup Layer 2 network, has seen a significant uptrend in the past seven days. According to L2Beat data, Scroll is up 23% to reach a TVL of $1.03 billion. This surge has placed Scroll as the 8th Ethereum Layer 2 network to surpass a TVL of $1 billion. One of the factors
Recently, the cryptocurrency market has seen a significant surge, adding approximately $200 billion in just four days. This increase has brought about a wave of positivity in the industry, with Bitcoin (BTC) jumping up by 4.5% and briefly surpassing the $63,000 mark. Ethereum (ETH) also saw gains as it reclaimed the $3,300 level. Additionally, meme