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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 2024/05/31 21:57
    ANALYSIS: Ether Price Strongly Overtakes Bitcoin, Driven by Three Factors
    The price of ethereum (ETH) has strengthened in the ETH/BTC pair for three main reasons. Spot Ether ETF Anticipation: Since the SEC approved the spot ethereum ETF on May 23rd, ETH has risen by about 30% relative to BTC, while BTC is up only 9%. Network Activity Growth: Trading volume in Ether's decentralized applications (DApps) has increased by 7.75% over the past week, and the number of smart contracts has increased from 37,870 to 38,066. Technical Indicators Bullish: The ETH/BTC ratio has continued to rise since May 17th, reaching a two-week high of 0.05854 on May 23rd. analysts are predicting that it will reach 0.1 BTC within a couple of months. reach 0.1 within a couple of months. Experts believe that the launch of the Spot Ether ETF could be at the end of June, which would further boost the price of ETH, which the market expects could reach $10,000 during the current cycle.
  • 2024/05/31 21:56
    Bloomberg ETF Analyst: 21Shares Now Runs Spot Ether ETFs Alone
    Bloomberg ETF Analyst Eric Balchunas says 21Shares is currently running spot ethereum ETFs on its own and ARK has been removed from the file and name, but they are still a partner in bitcoin and futures ETFs. And there are no fees for any new S-1s. The fee war is on hold for now.
  • 2024/05/31 20:53
    TradFi Executive: Cryptocurrency Derivatives Will Play a Key Role in Bitcoin's Future
    BTC and ETH derivatives will play a key role in integrating cryptocurrencies into traditional finance (TradFi) and propelling them to record highs, TradFi executives say.Pierce Crosby, managing director of TradingView, noted that derivatives have always been an important part of cryptocurrency trading, but that high fees and slippage had adversely affected traders. Giovanni Vicisoso, head of global cryptocurrency products at CME Group, argued that a spot Bitcoin ETF would attract investors who don't want to use centralized exchanges and would help with Bitcoin price discovery, while Jim Iuorio, managing director at TJM Institutional Services, said that the Federal Reserve may have to cut interest rates and easing, which would be beneficial for stocks and bitcoin. Crosby also mentioned that large institutional investors are changing the narrative that cryptocurrencies are just an appendage to tech stocks, and that the crypto market will eventually recover, even though the market is sometimes affected by internal black swan events.