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Jan Van Eck, CEO of VanEck, expressed concerns about the potential delay of Ethereum exchange-traded funds (ETFs) due to a lack of response from the U.S. Securities and Exchange Commission (SEC). He suggested that the cryptocurrency industry should shift its focus towards transaction fees rather than Bitcoin (BTC) and Ethereum (ETH) or their associated ETFs.…

Early Friday, WIF briefly touched the $4 mark before retracing its gains, showcasing the heightened volatility within the meme coin sector amidst a market that remained relatively stable. Meme coins, particularly those led by Solana-based dogwifhat, experienced significant surges, surpassing the performance of other sectors like DeFi and exchange tokens. The betting activity on DOGE-tracked…

Singapore’s QCP Capital suggests that the market may pause this weekend. Bitcoin continues to show volatility, but analysts anticipate some market stability in the near future. QCP Capital notes that traders are no longer expecting an ether ETF to be approved soon, leading to market consolidation. Bitcoin tested $66,000 during Asian trading hours on Friday,…

COPA initiated legal action against Craig Wright in an attempt to prevent him from suing developers and others in the crypto community, claiming ownership of Bitcoin’s technology. Following a month-long trial, UK Judge James Mellor delivered a verdict stating that Wright is not Satoshi Nakamoto, the creator of Bitcoin, nor did he author the Bitcoin…

Deribit data indicates a surge in activity for the $200,000 strike bitcoin call option, which is significantly higher than the current market rate of the cryptocurrency. Open interest in options has reached all-time highs alongside the impressive rally in bitcoin’s price. Investor optimism, reminiscent of the bullish sentiment in 2021, is driving increased interest in…

Analysts suggest that the cryptocurrency market still has significant potential for growth. Bitcoin is set to end February with an impressive 44% increase, marking its most substantial monthly gain since December 2020. According to Galaxy’s Alex Thorn, the demand for Bitcoin through U.S.-listed spot bitcoin ETFs is met with limited supply, primarily due to long-term…

Bitcoin prices remained relatively stable over the weekend, showing low volatility typical of such periods. Conversely, ether and several other tokens within the ecosystem recorded gains, fueled partly by the emerging narrative around the new ether ETF. During the Asian morning hours on Monday, Bitcoin lingered around the $51,500 mark, while ether managed to reclaim…

The data from previous cycles surrounding Bitcoin halvings, coupled with analysis of a key technical indicator known as the Relative Strength Index (RSI), suggests a favorable outlook for Bitcoin’s price in the near future. Historically, Bitcoin tends to bottom out 12-16 months prior to halving events and typically experiences upward trends leading up to and…

Spot Bitcoin ETFs had the third-largest net inflows since their launch on Thursday, with holdings increasing by 9,260 BTC. Bitcoin surged to $47,600 on Friday morning in the U.S., before experiencing a quick 2% sell-off. The ETFs received over $400 million in inflows on Thursday, marking their best day since January 17, according to data…

The federal indictment does not explicitly name Sam Bankman-Fried’s FTX as the targeted entity, yet Bloomberg has reported it to be the victim. On Wednesday, the U.S. federal government charged three individuals in a prolonged phone hacking scheme that climaxed in the notorious theft of $400 million from FTX during the collapse of Sam Bankman-Fried’s…