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A marquee at the front entrance of the BlackRock headquarters building in Manhattan.Eric McGregor | Light Rocket | Getty ImagesSALT LAKE CITY — One year ago, Samara Cohen Bitcoin She says she and her team at BlackRock have launched one of the first-ever spot Bitcoin exchange-traded products in the United States. Investors are now pouring in, many of them crypto enthusiasts joining Wall Street for the first time.Cohen, who oversees the asset manager's exchange-traded funds and index investments as chief investment officer, told CNBC that BlackRock now recognizes that demand is for better ways to access Bitcoin. spoke. “It was…
According to cryptocurrency analysis firm IntoTheBlock, Ethereum whales have been eating away at ETH over the past month. IntoTheBlock points out that whale wallets, which hold more than 0.1% of the total Ethereum supply, have added more than 1.7 million ETH net inflows to their total holdings in the past 30 days. According to the analytics firm, the group of Ethereum whales recorded net outflows on only three days in the past month, with the whales accumulating 175,000 ETH in the past two days alone. To explain IntoTheBlock, “This shows strong accumulation behavior from large holders and shows confidence in…
Ethereum (ETH) co-creator Vitalik Buterin aims to scale Ethereum to over 100,000 transactions per second (TPS). This goal is part of a long-term strategy focused on improving both Layer 1 and Layer 2 networks. Buterin outlined these goals in a recent blog post, emphasizing the need for robust scalability while maintaining decentralization and security. Vitalik Buterin addresses Ethereum’s scalability challenges Vitalik Buterin's roadmap states that the rollup-centric approach was born from sharding with layer 2 protocols. Despite these challenges, he is confident that rollups will remain Ethereum's favorite scaling method. – Advertisement – Another key issue is achieving speed while…
The crypto market is on the rise as BlackRock's Bitcoin ETF piled up $1 billion in BTC this week. cryptocurrencyprice Gain +/-Bitcoin BTC/USD $68,954.45+2.9%Ethereum ETH/USD $2,665.94+2.9%Solana Sol/USD $156.04+5%dogecoin doge/usd $0.1388+14.2%Shiba Inu SHIB/USD $0.00001889 +6.6% Notable statistics: According to IntoTheBlock data, large transaction volume is down 16.4% and daily active addresses are up 19.9%. Transactions over $100,000 increased from 9,147 to 8,458 in one day. Exchange net flows decreased by 231.4%. Approximately 98% of Bitcoin holders are currently profitable, and 3% have reached the break-even point. According to data from Coinglass, 37,689 traders were liquidated in the past 24 hours, bringing…
trading platform robinhood market hood From a strong base of young and retail users, we have grown into a platform that caters to everyone. This is according to the company's Chief Brokerage Officer steve quirk said Benzinga is “very excited to see” the 2024 HOOD Summit. Robinhood growth: With a long career in the trading industry, TD Ameritrade and seaboeQuirk has seen stock market trends come and go. “At Robinhood, our customers are trending toward a younger demographic,” Quirk said in an interview Friday, noting that the average age of customers is in their early 30s. He said that while…
The Spot Bitcoin ETF is roaring towards its best week in months, absorbing more than $1.8 billion as the 2024 presidential election tightens in its final weeks, according to CoinShares data. are.“The election is really at the forefront of price performance,” said James Butterfill, head of research at CoinShares. decryption. “The macro data that has typically driven prices higher suggests that Bitcoin prices should fall, but they haven't fallen recently.”Butterfill noted that data released by the U.S. Census Bureau on Friday sent a bearish signal as building permits fell 2.9% in September from the previous month. Economists measure the strength…
U.Today – maintains leading market activity in the broader digital cryptocurrency ecosystem. Over the past few days, Bitcoin has witnessed a relatively stable price increase. As a result of this latest trend, Bitcoin's price is currently only about 8% off its all-time high (ATH) of $73,500, reached in March of this year. As the market witnesses this frenzy, Bitcoin whales are snatching up a huge chunk of the digital currency. Bitcoin whale accumulation hits record highCryptocurrency analyst Quinten Francois shared insights into the whale’s activity over the past few days in a post on X. Francois' chart shows that Bitcoin…
Off the Grid is the talk of the gaming world right now, but can it stay on top?Last week, the battle royale game (released in Early Access) quickly became the top free title on the Epic Games Store, with 148,000 viewers watching countless streamers play it on Twitch. Developed by Gunzilla Games, the game throws players into a reality show-style online shooting experience with robotic limbs that grant them powerful abilities.However, many players do not know that Off the Grid is actually an Avalanche-based crypto game. In its current early access state, cryptographic elements are not fully implemented. However, the…
advertisement     Ethereum may add fuel to the altcoin fire as it aims to surge more than 53% to the psychological threshold of $4,000. Renowned market analyst Javon Marks noted this development, saying that this bull run is likely to continue, given that the second-largest cryptocurrency by market value has made remarkable progress towards this path. He acknowledged that it was imminent. Marks pointed out, “ETH (Ethereum)’s return to above $4,000 may have already begun, but many may not realize it yet. The larger technical goal is $4,811.6 and we are working towards achieving it + More than 90%…
Ethereum could return to deflation next year. ETH/BTC has experienced some volatility. Ethereum supply [ETH] It has been steadily growing at around 60,000 ETH per month for the past 6 months. However, after the recent 50 basis point rate cut, this growth has slowed significantly to between 30,000 and 40,000 ETH per month. If this trend continues, Ethereum supply could return to deflation by early 2025 before reaching pre-merger levels. If further rate cuts are expected, inflation could fall further, setting the stage for future price increases. Ethereum supply plays a key role in its market dynamics. Since the rate…