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The whale has shocked the Ethereum market by dumping 56,000 coins, fueling speculation about further price corrections amid widespread volatility in the cryptocurrency market. Impact of whale trading on Ethereum According to CoinApe, Ethereum, the second-largest cryptocurrency by market capitalization, has received significant interest in the global crypto community as it has experienced significant volatility amid widespread crypto market turmoil. are collecting. ETH price has fallen by around 4% in the past 24 hours, increasing pessimistic sentiment among investors as whale actions hover over the crypto horizon, raising serious concerns about future trends. has been done. …

Share this article Hong Kong-listed Spot Bitcoin and Ethereum exchange traded funds (ETFs) are set to debut within minutes. In anticipation of this launch, Zhu Haokang, Digital Asset Management Director and Family Wealth Director at China Asset Management, said that the launch size of Hong Kong's virtual asset spot ETF will be larger than the US's initial 125 million yen. I am confident that it will exceed the million dollar scale.”We are very confident that the size of the new Hong Kong crypto asset spot ETF listing (more than $125 million) has the potential to exceed the first-day issuance size…

According to MicroStrategy's Q1 earnings report, the company purchased approximately 25,250 BTC for $1.65 billion during the first three months of this year at an average price of $65,232 per BTC.With the latest purchases, MicroStrategy now holds a total of 214,400 BTC. This represents about 1% of the total Bitcoin supply. As of April 26, the company reported total holdings of $7.54 billion, or $35,180 per Bitcoin.Although the company reported a decline in revenue, it continued to strengthen its Bitcoin holdings and emphasized its firm commitment to strategically investing in its flagship cryptocurrency.The company's total revenue for the quarter was…

Bitcoin price has established weekly resistance at $65,600, which could lead to a drop into the liquidity pool between $60,600 and $59,005. Ethereum price may confirm a falling wedge pattern by 25% above $3,406 at the breakout point. Ripple price is defending $0.5000, but due to excessive bearish activity, XRP holders’ vision of $0.6000 will remain a hopium dream. Bitcoin (BTC) price has hit a new high in the past seven days, and a similar outlook can be seen for altcoins. Meanwhile, altcoins present a rather gloomy outlook amid widespread market hemorrhage, but fundamentals indicate we could see some relief…

As Hong Kong gears up for the debut of its first spot Bitcoin and Ethereum ETFs, hopes are rising that initial trading volumes will surpass those witnessed during similar launches in the US. Local media reported on April 29th.Huaxia Fund Management (Hong Kong) is leading the launch of these ETFs along with digital asset service provider OSL, and they are scheduled to be launched on the Hong Kong Stock Exchange on April 30th.At a press conference held on the eve of the launch, Huaxia's head of digital assets, Zhu Haokang, expressed strong confidence in the ETF's potential, saying that the…

Hong Kong will launch its first Bitcoin and Ethereum exchange-traded fund (ETF) on April 30, aiming to compete with US crypto products. Managed by Harvest Global Investments and a partnership between HashKey Capital and Bosera Asset Management, these ETFs aim to generate large-scale capital flows. The launch of such ETFs came just as the prices of Bitcoin and Ethereum were surging significantly and the crypto sector was showing signs of steady growth. Hong Kong's crypto strategy includes strict digital asset regulations, which aim to strengthen Hong Kong's role as a major modern financial hub. These new ETFs provide informal subscription…

According to reports, Venezuela is expected to increase its use of cryptocurrencies once the US reimposes oil sanctions on the country from June 1st. Venezuelan opposition politician Leopoldo López and national security leader of a New York-based blockchain data company chain analysis, Christopher Doucetteon Monday (April 29), releases a report that says democratic governments should establish structures to combat money laundering, Reuters report Monday. López and Doucet said in their report that Venezuelan President Nicolas Maduro is seeking to use cryptocurrencies to “move illicit proceeds into the international financial system,” Reuters reported. Chainalysis reported this in February. money laundering Tactics…

Spot Bitcoin ETFs have caused an unprecedented stir in the crypto industry. Following the lead of the United States and Hong Kong, Australia is now preparing to launch a series of Bitcoin exchange-traded funds. ASX has received applications from at least two organizations, with another in the pipeline Australia wary of Bitcoin ETFs The ASX, which controls about 80% of the country's stock trading, plans to approve the first spot Bitcoin ETF for its main board by the end of 2024, according to a recent report from Bloomberg. These filings follow the success of the US Bitcoin ETF, which raised…

Digital asset management firm CoinShares said last week that institutional investment in crypto products suffered a third consecutive week of outflows. CoinShares said in its latest digital asset fund flow report that outflows from crypto investment products reached $435 million last week, the largest outflow since last month. “ETP (exchange traded product) trading volume last week fell to $11.8 billion from $18 billion the previous week, and Bitcoin prices fell 6%.” Source: CoinShares While the US saw regional outflows of $388 million, CoinShares notes that inflows this year remain at a record $13.6 billion. “When we looked into the details,…

(Bloomberg) — Michael Saylor’s decision in 2020 to start buying Bitcoin paid off in a big way this year for the MicroStrategy co-founder and executive chairman.Most Read Articles on BloombergBased on data compiled by Bloomberg, Saylor earned an estimated $400 million or so from pre-planned daily sales of about 5,000 shares of the enterprise software company between January and last week. The sale of shares is in conjunction with the exercise of options granted in 2014 that expire. The stock has doubled this year to around $1,290, outpacing the original cryptocurrency's record gains over the same period. At the end…