Ethereum futures open interest hits 19-month high, yet ETH price weakness intensifies
Ether experienced a 10% correction between July 31 and Aug. 2, retesting the $3,000 support for the first time since July 8. This movement significantly outpaced the broader cryptocurrency market, which declined by 6.8% during the same period. Despite this, Ether futures open interest rose to its highest level in seven months, leading traders to…
https://cryptoinsight.ae/ethereum-futures-open-interest-hits-19-month-high-yet-eth-price-weakness-intensifies/
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Ether experienced a 10% correction between July 31 and Aug. 2, retesting the $3,000 support for the first time since July 8. This movement significantly outpaced the broader cryptocurrency market, which declined by 6.8% during the same period. Despite this, Ether futures open interest rose to its highest level in seven months, leading traders to…
https://cryptoinsight.ae/ethereum-futures-open-interest-hits-19-month-high-yet-eth-price-weakness-intensifies/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.25 Trillion, a -1.9% change in the last 24 hours
Bitcoin ~ $60,747.79 (-1.5%)
Ethereum ~ $2,914.18 (-2.1%)
Solana ~ $143.28 (-5.7%)
Polkadot ~ $5.04 (-2.8%)
Flow ~ $0.5619 (-5.4%)
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Day started from:
The global cryptocurrency market cap today is $2.25 Trillion, a -1.9% change in the last 24 hours
Bitcoin ~ $60,747.79 (-1.5%)
Ethereum ~ $2,914.18 (-2.1%)
Solana ~ $143.28 (-5.7%)
Polkadot ~ $5.04 (-2.8%)
Flow ~ $0.5619 (-5.4%)
Follow and subscribe - @GulfCryptoInsight
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Grayscale Ethereum ETF outflows exceed $2B
United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion.
According to data from SoSoValue, the total net outflows from spot Ether ETFs exceeded $54 million on Aug. 2. A significant portion of the outflows came from ETHE, which saw a…
https://cryptoinsight.ae/grayscale-ethereum-etf-outflows-exceed-2b/
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United States-based spot Ether exchange-traded funds (ETFs) saw significant movements on Aug. 2, with outflows from the Grayscale Ethereum Trust (ETHE) hitting $2.1 billion.
According to data from SoSoValue, the total net outflows from spot Ether ETFs exceeded $54 million on Aug. 2. A significant portion of the outflows came from ETHE, which saw a…
https://cryptoinsight.ae/grayscale-ethereum-etf-outflows-exceed-2b/
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Crypto leaders, Harris campaign officials to hold roundtable
Crypto executives are scheduled to meet privately “next week” with White House aides and Democratic Party Representative Ro Khanna to address pressing issues and propose policy changes.
According to a Bloomberg report, the roundtable will include high-ranking officials from Vice President Kamala Harris’s election campaign and the White House, including outgoing senior White House adviser…
https://cryptoinsight.ae/crypto-leaders-harris-campaign-officials-to-hold-roundtable/
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Crypto executives are scheduled to meet privately “next week” with White House aides and Democratic Party Representative Ro Khanna to address pressing issues and propose policy changes.
According to a Bloomberg report, the roundtable will include high-ranking officials from Vice President Kamala Harris’s election campaign and the White House, including outgoing senior White House adviser…
https://cryptoinsight.ae/crypto-leaders-harris-campaign-officials-to-hold-roundtable/
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The USA can (and should) dedicate more energy to Bitcoin mining
Depending on who you listen to, crypto is a blessing or a curse. Many, like Texas Lieutenant Governor Dan Patrick, have convinced themselves our near future will be marked by a massive growth in energy demand to support Bitcoin mining that may ultimately break the electrical grid. On the other hand, former President Donald Trump…
https://cryptoinsight.ae/the-usa-can-and-should-dedicate-more-energy-to-bitcoin-mining/
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Depending on who you listen to, crypto is a blessing or a curse. Many, like Texas Lieutenant Governor Dan Patrick, have convinced themselves our near future will be marked by a massive growth in energy demand to support Bitcoin mining that may ultimately break the electrical grid. On the other hand, former President Donald Trump…
https://cryptoinsight.ae/the-usa-can-and-should-dedicate-more-energy-to-bitcoin-mining/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.85 Trillion, a -17.8% change in the last 24 hours
Bitcoin ~ $50,389.51 (-17.3%)
Ethereum ~ $2,214.36 (-24.0%)
Solana ~ $115.12 (-19.8%)
Polkadot ~ $3.73 (-26.1%)
Flow ~ $0.4495 (-20.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.85 Trillion, a -17.8% change in the last 24 hours
Bitcoin ~ $50,389.51 (-17.3%)
Ethereum ~ $2,214.36 (-24.0%)
Solana ~ $115.12 (-19.8%)
Polkadot ~ $3.73 (-26.1%)
Flow ~ $0.4495 (-20.1%)
Follow and subscribe - @GulfCryptoInsight
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$300B plunge: Largest 3-day wipeout for crypto in a year
The crypto market has just clocked its largest three-day sell-off in almost a year, shedding $313 billion since Aug. 2.
The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame.
The market stumble has been led by weak employment data, slowed…
https://cryptoinsight.ae/300b-plunge-largest-3-day-wipeout-for-crypto-in-a-year/
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The crypto market has just clocked its largest three-day sell-off in almost a year, shedding $313 billion since Aug. 2.
The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame.
The market stumble has been led by weak employment data, slowed…
https://cryptoinsight.ae/300b-plunge-largest-3-day-wipeout-for-crypto-in-a-year/
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2 reasons Solana and other altcoins ETFs may struggle — Sygnum Bank
Solana, Cardano and other crypto assets have a slim chance of being approved as spot exchange-traded funds (ETFs) in the United States and could have an even more difficult time attracting investors.
Speaking to Cointelegraph, Katalin Tischhauser, head of investment research at Sygnum Bank, joined a recent string of commentators who expressed skepticism that other…
https://cryptoinsight.ae/2-reasons-solana-and-other-altcoins-etfs-may-struggle-sygnum-bank/
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Solana, Cardano and other crypto assets have a slim chance of being approved as spot exchange-traded funds (ETFs) in the United States and could have an even more difficult time attracting investors.
Speaking to Cointelegraph, Katalin Tischhauser, head of investment research at Sygnum Bank, joined a recent string of commentators who expressed skepticism that other…
https://cryptoinsight.ae/2-reasons-solana-and-other-altcoins-etfs-may-struggle-sygnum-bank/
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Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
A Galaxy Research report has suggested that most Bitcoin layer-2 scaling networks, particularly “rollups,” may not be sustainable in the long term despite their popularity as a promising method to keep Bitcoin payments cheap, fast and decentralized.
In the report published on Friday, Aug. 2, Galaxy analyst Gabe Parker highlighted the cost of posting data…
https://cryptoinsight.ae/galaxy-research-warns-of-sustainability-issues-for-bitcoin-layer-2-rollups/
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A Galaxy Research report has suggested that most Bitcoin layer-2 scaling networks, particularly “rollups,” may not be sustainable in the long term despite their popularity as a promising method to keep Bitcoin payments cheap, fast and decentralized.
In the report published on Friday, Aug. 2, Galaxy analyst Gabe Parker highlighted the cost of posting data…
https://cryptoinsight.ae/galaxy-research-warns-of-sustainability-issues-for-bitcoin-layer-2-rollups/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a 8.6% change in the last 24 hours
Bitcoin ~ $50,389.51 (13.6%)
Ethereum ~ $2,518.66 (16.2%)
Solana ~ $143.03 (27.5%)
Polkadot ~ $4.42 (18.8%)
Flow ~ $0.5325 (18.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.07 Trillion, a 8.6% change in the last 24 hours
Bitcoin ~ $50,389.51 (13.6%)
Ethereum ~ $2,518.66 (16.2%)
Solana ~ $143.03 (27.5%)
Polkadot ~ $4.42 (18.8%)
Flow ~ $0.5325 (18.6%)
Follow and subscribe - @GulfCryptoInsight
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US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5.
According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT).
Spot Ether ETFs recorded $715.3…
https://cryptoinsight.ae/us-bitcoin-ethereum-etfs-hit-6b-volume-amid-market-rout/
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The United States Bitcoin and Ether ETFs recorded nearly $6 billion in trading volume amid market turmoil on Aug. 5.
According to data from CoinGlass, spot Bitcoin ETFs registered a total daily volume of $5.24 billion on the day, with more than half coming from BlackRock’s iShares Bitcoin Trust (IBIT).
Spot Ether ETFs recorded $715.3…
https://cryptoinsight.ae/us-bitcoin-ethereum-etfs-hit-6b-volume-amid-market-rout/
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Europe’s fourth largest hedge fund put nearly $500M in Bitcoin ETFs — Filing
According to public disclosures filed on Aug. 5, Capula Management, Europe’s fourth-largest hedge fund, invested nearly $500 million in Bitcoin exchange-traded funds.
The hedge fund, which is based in the United Kingdom and manages upward of $30 billion in investor assets, holds shares in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust…
https://cryptoinsight.ae/europes-fourth-largest-hedge-fund-put-nearly-500m-in-bitcoin-etfs-filing/
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According to public disclosures filed on Aug. 5, Capula Management, Europe’s fourth-largest hedge fund, invested nearly $500 million in Bitcoin exchange-traded funds.
The hedge fund, which is based in the United Kingdom and manages upward of $30 billion in investor assets, holds shares in Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust…
https://cryptoinsight.ae/europes-fourth-largest-hedge-fund-put-nearly-500m-in-bitcoin-etfs-filing/
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Jump Trading’s Ether dump: Smart move or sign of trouble?
Jump Trading’s recent transfer of hundreds of millions of dollars worth of Ether has stirred debates and market speculations.
This aggressive unloading of assets preceded a historic stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points — its largest-ever drop in point terms.
Jump Trading moved…
https://cryptoinsight.ae/jump-tradings-ether-dump-smart-move-or-sign-of-trouble/
Website | Twitter | LinkedIn | Telegram
Jump Trading’s recent transfer of hundreds of millions of dollars worth of Ether has stirred debates and market speculations.
This aggressive unloading of assets preceded a historic stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points — its largest-ever drop in point terms.
Jump Trading moved…
https://cryptoinsight.ae/jump-tradings-ether-dump-smart-move-or-sign-of-trouble/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $56,813.31 (1.6%)
Ethereum ~ $2,503.12 (-0.8%)
Solana ~ $153.28 (7.6%)
Polkadot ~ $4.57 (3.0%)
Flow ~ $0.5276 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a 2.4% change in the last 24 hours
Bitcoin ~ $56,813.31 (1.6%)
Ethereum ~ $2,503.12 (-0.8%)
Solana ~ $153.28 (7.6%)
Polkadot ~ $4.57 (3.0%)
Flow ~ $0.5276 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin unveils plan to solve cross-chain L2 interoperability
Ethereum co-founder Vitalik Buterin has just shared his vision for cross-chain interoperability between Ethereum layer-2 networks, which could vastly smoothen the experience within the Ethereum ecosystem.
In an Aug. 6 X post, Buterin responded to a question on the most promising paths to addressing cross-layer-2 interoperability.
The question followed Buterin’s Aug. 5 post stating, “I…
https://cryptoinsight.ae/vitalik-buterin-unveils-plan-to-solve-cross-chain-l2-interoperability/
Website | Twitter | LinkedIn | Telegram
Ethereum co-founder Vitalik Buterin has just shared his vision for cross-chain interoperability between Ethereum layer-2 networks, which could vastly smoothen the experience within the Ethereum ecosystem.
In an Aug. 6 X post, Buterin responded to a question on the most promising paths to addressing cross-layer-2 interoperability.
The question followed Buterin’s Aug. 5 post stating, “I…
https://cryptoinsight.ae/vitalik-buterin-unveils-plan-to-solve-cross-chain-l2-interoperability/
Website | Twitter | LinkedIn | Telegram
Euro stablecoin market surges under MiCA
The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is gradually coming into effect in line with its planned implementation timeline. The initial set of regulations, which took effect on July 1, focused on stablecoins and their issuers.
These clear guidelines have both cleaned out the market of players not able to meet regulatory requirements…
https://cryptoinsight.ae/euro-stablecoin-market-surges-under-mica/
Website | Twitter | LinkedIn | Telegram
The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is gradually coming into effect in line with its planned implementation timeline. The initial set of regulations, which took effect on July 1, focused on stablecoins and their issuers.
These clear guidelines have both cleaned out the market of players not able to meet regulatory requirements…
https://cryptoinsight.ae/euro-stablecoin-market-surges-under-mica/
Website | Twitter | LinkedIn | Telegram
Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics on the X social media platform.
The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and…
https://cryptoinsight.ae/nearly-every-token-binance-listed-in-2024-is-now-bleeding-red-coin98/
Website | Twitter | LinkedIn | Telegram
Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics on the X social media platform.
The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and…
https://cryptoinsight.ae/nearly-every-token-binance-listed-in-2024-is-now-bleeding-red-coin98/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $57,139.37 (0.4%)
Ethereum ~ $2,434.57 (-2.8%)
Solana ~ $153.70 (0.3%)
Polkadot ~ $4.76 (4.1%)
Flow ~ $0.5338 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.1 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $57,139.37 (0.4%)
Ethereum ~ $2,434.57 (-2.8%)
Solana ~ $153.70 (0.3%)
Polkadot ~ $4.76 (4.1%)
Flow ~ $0.5338 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethena Labs launches Solana version of USDe stablecoin
Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito.…
https://cryptoinsight.ae/ethena-labs-launches-solana-version-of-usde-stablecoin/
Website | Twitter | LinkedIn | Telegram
Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito.…
https://cryptoinsight.ae/ethena-labs-launches-solana-version-of-usde-stablecoin/
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Tornado Cash sanctions effective, reveal Ethereum weakness: NY Fed
The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded.
The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…
https://cryptoinsight.ae/tornado-cash-sanctions-effective-reveal-ethereum-weakness-ny-fed/
Website | Twitter | LinkedIn | Telegram
The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded.
The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…
https://cryptoinsight.ae/tornado-cash-sanctions-effective-reveal-ethereum-weakness-ny-fed/
Website | Twitter | LinkedIn | Telegram