Coins▪︎Trading▪︎Crypto News

2024-06-24 10:36:40 Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs

The cryptocurrency market is undergoing a healthy consolidation after a massive run-up from October to March – at least for those who invested in the two largest digital assets. While bitcoin (BTC) and Ethereum's ether (ETH) are only 15% below their yearly highs, several crypto majors like solana (SOL) and avalanche (AVAX) are down 40% to 50% from their March peaks, while layer-1 challengers sui (SUI) and aptos (APT) have cratered 60% to 70%.

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2024-06-23 21:47:58 Ripple CEO Hails Latest Court Ruling 'a Big Win' — Calls His Lawsuit Baseless Troll Attempt

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the lawsuit “was a clear example of the trolls that unsuccessfully tried to take advantage of the U.S. legal system and distort statements to seek 100’s of millions in class action settlements.”

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2024-06-22 22:32:36 Nigerian government defends treatment of imprisoned Binance executive after visit from U.S. lawmakers

U.S. lawmakers in recent weeks have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who's been held by the African country since February on charges of money laundering and tax evasion. The Nigerian government, through a statement posted to the X account of its Minister of Information and National Orientation, Mohammed Idris, has called the allegations of poor healthcare "false," asserting that Gambaryan "...has access to quality medical care whenever required" along with consular services from his home government of the United States.

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2024-06-22 06:50:29 Standard Chartered to launch spot trading desk for bitcoin and ether: Bloomberg

Standard Chartered is close to starting operations on its own spot crypto trading desk for bitcoin and ether, according to a report. On Friday, Bloomberg reported that sources familiar with the matter revealed that the British multinational bank plans to enter the spot crypto trading market as part of its FX unit. According to the report, this crypto trading desk will be run from London.

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2024-06-21 08:41:27 Kraken CEO says Biden Administration is 'softening' toward crypto

Kraken CEO Dave Ripley described the Biden Administration as "softening" its stance toward crypto during an interview on CNBC Thursday. "When we came into this year, the executive branch has been, via the SEC, strongly negative to cryptocurrencies," Ripley said in the interview with CNBC "Squawk Box" host Joe Kernan. "But, there have been many supporters throughout the U.S. government. I visit D.C. periodically and met with many people in Congress, the Senate, and there are a number of supporters there.

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2024-06-20 08:36:00 German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges

A German government agency today moved $425 million in bitcoin (BTC) to another wallet address, Arkham data appears to show, sending some on to crypto exchange deposit wallets and returning some to the starting point. The wallet address, previously identified as belonging to the German Federal Criminal Police Office (BKA) by Arkham, moved 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and then back to itself.

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2024-06-19 20:52:45 Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEck

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. He added that data from K33 Research indicates a significant rise in inflows to Ether exchange-traded products (ETPs) outside the US markets, which suggests that large investors are preparing for the regulatory green light for the spot Ethereum ETFs.

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2024-06-19 09:39:58 Hashdex, Nasdaq file application for a dual Bitcoin, Ethereum ETF

Crypto asset management firm Hashdex has put forward a proposal for a spot exchange-traded fund (ETF) that would directly hold both Bitcoin and Ethereum. New York-based stock exchange Nasdaq disclosed the proposal on June 18 via a Form 19b-4 filing, which describes the firms’ intent to establish the Hashdex Nasdaq Crypto Index US ETF. The filing does not clarify the ratio of the holdings.

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2024-06-18 19:59:58 Bitcoin dominance exceeds 56% as ETH/BTC ratio heads lower

As Bitcoin's dominance surges past 56%, the Ethereum to Bitcoin (ETH/BTC) ratio finds itself in an unfamiliar territory, trading at 0.052. This underperformance has persisted despite a brief spike following the approval of an ETF. Analyzing the cyclical movements of the ETH/BTC ratio since its low in June 2022 reveals some compelling patterns. Interestingly, in prior cycles, Ethereum consistently outperformed Bitcoin—often by over 200%.

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2024-06-18 10:34:59 JUST IN: Coinbase has introduced pre-launch market trading for investors to gain exposure to altcoins before mainstream exchange debut.

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