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After a two-year hiatus, Cybertruck maker Tesla has moved its Bitcoin holdings to multiple unidentified wallets. According to data from Arkham Intelligence, the Tesla-labeled wallet was released on October 15 at approximately 20:41 pm UTC after conducting several test transactions for small amounts of Bitcoin. started transferring funds. 11,500 Bitcoins (BTC) worth over $769 million were then distributed across seven different wallets. This transfer was the first funds transfer since June 17, 2022. At the time of writing, there has been no official announcement from the electric car maker as to whether it plans to sell its holdings, and the…

Ethereum whales surged above the $2,600 mark, triggering mixed signals and accumulating assets despite a notable increase in forex inflows. Ethereum (ETH) large holder inflows have nearly doubled in the past week, with a net inflow of 97,220 ETH on October 15th, compared to the current amount, according to data provided by IntoTheBlock. This equates to approximately $254 million in price. Net flows of large holders – October 16 | Source: Into the Block Per ITB, an increase in the whale net flow of assets indicates accumulation and vice versa. Meanwhile, the net inflow on the Ethereum exchange also changed…

It's too flimsy, you can't buy anything with it, and it's very unstable. Numerous accusations have been made against cryptocurrencies such as Bitcoin over the years. But is it racist? That seems to be the view of Kamala Harris, the Democratic candidate for president of the United States. In fact, her crypto plan is just weird. That's worrying for someone who may soon be in the White House. The vice president announced a series of policies yesterday aimed at helping black men, a key group of voters who are showing worrying signs of leaning toward rival Donald Trump. It included…

A following cryptocurrency analyst believes Bitcoin (BTC) has finally gotten the green light to break out of its long period of decline. Pseudonymous analyst Jack Sparrow told his 254,100 followers on social media platform X that it was clear that Bitcoin would rise above $62,800. The trader has shared a chart that suggests Bitcoin will initially rise to $70,000, then briefly decline, before rallying towards an initial target of over $100,000. “Please join us in praying… If we don’t fumble in the coming weeks and can finally break out, the target for the next bigger pause will be around $106,000.”…

Due to the ever-evolving nature of the cryptocurrency market, many investors are looking for the next window that is likely to outperform all previous returns. Ethereum (ETH) and Solana (SOL) have some respectability, but there is reliable evidence that their rivals may be a better option. While many platforms focus on RWA asset management, the Rexas Finance platform focuses on the tokenization of real world assets (RWA). This is especially beneficial in the world of digital assets. Rexas Finance (RXS): A revolution in the way you view and handle your assets. Tokenization of assets is lexus finance Platform—this is Rexas…

The European Central Bank (ECB) is widely expected to cut interest rates for the third time this year, raising the policy rate to 3.25% today, as price pressures across the euro area rapidly ease. The move marks the first consecutive rate cut in 13 years as the ECB shifts its focus from curbing inflation to protecting economic growth.The rate cut comes at a time when central banks around the world are pushing through easing cycles, a trend that is expected to continue and hurt returns on cash.Slowing growth in the euro area could accelerate ECB policy easing. Eurozone inflation ended…

Digital asset management company Grayscale Investments has reportedly filed with the U.S. Securities and Exchange Commission (SEC) to convert its digital large-cap fund into an exchange-traded fund (ETF). wall street journal.The fund currently manages over $520 million in assets and offers exposure to a basket of five cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, and Avalanche, with 75.58% and 75.58%, respectively. They account for weights of 17.83%, 4.16%, 1.76%, and 0.66%.“Today, Grayscale filed to list the Grayscale Digital Large Cap Fund as a diversified multi-crypto asset ETP on the NYSE Arca. The fund currently trades under the ticker: GDLC. , continues…

Bitcoin’s rise above $67,000 was driven by strong spot ETF inflows and increased short selling. Bitcoin (BTC) has risen 2% in the past 24 hours and is trading at around $67,000 at the time of writing. Yesterday, October 15th, the leading crypto asset exceeded $67,500, approaching the $68,000 zone and hitting a two-month high. BTC Price – October 16 |Source: crypto.news BTC's market capitalization currently stands at $1.32 trillion, with daily trading volume of nearly $50 billion. Increased trading volume indicates increased interest from short-term holders and traders, which could increase Bitcoin price volatility. The market-wide rally came as the…

Ethereum has stabilized but is still below the $2,800 line based on the formation on the daily chart. All that is needed is for the coin to close above this liquidation line to form an uptrend. Until then, ETH remains bearish and may be undervalued not only against Bitcoin but also against other coins such as Solana and Tron. Thus, the bull is confident. As long as ETH remains above the local support at $2,300, the price is likely to move higher. On the lower end, the key support level to watch is $2,100. At the time of this writing,…

Grayscale Investments has filed to convert its $520 million digital large-cap fund into an ETF. Posted October 16, 2024 at 12:53 AM ET. Crypto asset management firm Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its multi-cryptocurrency fund into a spot cryptocurrency exchange-traded fund (ETF). The New York Stock Exchange (NYSE) filed 19b-4. filing On October 14th, we officially launched a conversion request for Grayscale's Digital Large Cap Cap Fund (GDLC) on behalf of Grayscale. The fund is heavily weighted towards the top two crypto assets by market capitalization, with Bitcoin accounting for 75%…