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“We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity,” analysts at CryptoQuant said. Source
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Blockchain developer Elastos introduced a Bitcoin layer-2 network, aiming to attract liquidity through its staking tools. According to a blog post, Elastos‘ new solution called “Bitcoin Elastos Layer2” abbreviated as BeL2, intends to leverage SmartWeb technology to enhance the capabilities of the Bitcoin network. The focus is on bringing staking solutions
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Asset manager BlackRock met again with representatives of the U.S. Securities and Exchange Commission (SEC). Bloomberg analyst James Seyffart reported that BlackRock’s meeting on Dec. 19 is the 24th meeting that SEC representatives have held with companies that have applied to open a spot Bitcoin (BTC) exchange-traded fund (ETF). Before meeting with
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This is the second meeting in a month between the parties about rule changes required to list the bitcoin ETF. Source
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Avalanche-based meme coin surges by over 115% in a day NuggetRush is a new meme coin that offers NFT staking, P2E blockchain gaming, and community-driven innovation. Bonk Inu is up by
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BlackRock, the world’s largest asset manager, is finalizing its spot Bitcoin exchange-traded fund (ETF) application, aligning with US financial regulators’ preferences for ‘cash creations’ for fund redemptions. Bloomberg’s senior ETF analyst Eric Balchunas shed light on this development on Dec. 19, following BlackRock’s filing a day earlier. BlackRock has gone cash only.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market recently faced a downturn, affecting top cryptocurrencies, including Bitcoin (BTC) and the top 10 altcoins. However, Solana and Galaxy Fox (GFOX) are firm amid the pullback. Solana
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Cathie Wood’s ARK Invest bought 347,692 shares of Block for $25.7 million while offloading 809,441 GBTC shares worth about $27.95 million. On Dec. 18, ARK Invest, led by Cathie Wood, bought $25.7 million in Block Inc (SQ) stock after the publicly traded firm’s shares reached a 4-month peak in a move
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Dogecoin (DOGE) whales have moved over 514 million tokens today amid the memecoin’s recent resurgence, as it looks to reclaim the $0.1 price territory on the back of the latest market-wide recovery. Whale Alert, a prominent crypto whale-tracking resource, identified the recent transactions in separate disclosures. The first and larger transaction
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