Shiba Inu (SHIB) experienced a significant surge of 20% on August 6, following a period of market instability. Despite this positive movement, the coin’s price is still down by 18% on a weekly basis, currently hovering around $0.00001359. This rebound in value coincides with an uptick in key indicators within the Shiba Inu ecosystem. Transaction
Crypto
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States saw a surge in trading volume, exceeding $5 billion on August 5. This milestone marked the highest volume in several months, with BlackRock’s IBIT ETF leading the pack at nearly $3 billion in daily trades. The increase in assets under management by $172 million for IBIT
The cryptocurrency market has once again surpassed the $2 trillion mark after experiencing a massive downturn that wiped out $500 billion within a week. This drastic drop in market capitalization sent shockwaves throughout the crypto community as Bitcoin plummeted below $50,000 and Ethereum saw a 23% decline in value, dropping below $2,200. However, despite this
Following a significant market crash that caused Ethereum to tumble 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a positive day of inflows. On August 5, nine newly launched spot ETH ETFs saw an aggregate inflow of $49 million. This marked the second-highest inflow day since the funds began trading. The fact
In the second quarter of this year, Riot Platforms experienced a significant setback with a net loss of $84.4 million, compared to $27.4 million in the same quarter of the previous year. The company reported a total revenue of $70 million, marking a decrease from $76.7 million in the same period last year. This decline
Senator Cynthia Lummis of Wyoming recently introduced a groundbreaking Bitcoin bill, which she referred to as the “our Louisiana Purchase moment”. The bill, known as the ‘Bitcoin Act’, proposes adding 1 million BTC, valued at approximately $64 billion, to the U.S. government’s holdings over a period of five years. This initiative aims to establish a
Marathon Digital (MARA) recently reported a second-quarter revenue of $145.1 million, falling short of Wall Street’s forecast by approximately 9%. This revenue miss was attributed to various operational challenges, including unexpected equipment failures, transmission line maintenance at its Ellendale site, an increased global hash rate, and the impact of the recent halving event on the
In July, the total stablecoin market capitalization experienced a 2.11% increase, reaching $164 billion. This growth has been consistent for the past ten months, with major stablecoins gaining more market dominance, which now stands at 6.93%. Tether, the largest stablecoin by market cap, reached a new all-time high of $116 billion, representing a 1.61% increase.
The cryptocurrency market experienced a turbulent week, with Bitcoin plummeting by $10,000 from Monday to Sunday morning. The week started on a positive note as Bitcoin’s price surged by $3,000 on Monday, reaching $70,000 for the first time since June. This increase was fueled by Donald Trump’s pro-crypto remarks at the 2024 BTC conference, where
The recent price movement of Bitcoin has been nothing short of dire, as the leading cryptocurrency experienced a significant drop below $60,000 for the first time in weeks. Just a week ago, Bitcoin was riding high at $70,000 after a period of volatility following Donald Trump’s pro-crypto speech. However, the situation quickly changed with a