Ethereum ETFs poised to defy market underpricing
Ethereum (ETH) is up 2% on Tuesday following predictions from K33 Research that investors are underpricing the upcoming ETH ETF launch. Meanwhile, Grayscale is making moves to reduce potential outflows from its Grayscale Ethereum Trust through its Ethereum Mini Trust.
Worldcoin prepares for World Chain Mainnet launch through developer preview
Worldcoin (WLD) launched a developer preview for World Chain on Tuesday as it prepares its community for Mainnet launch later in the year. The preview will allow developers to reach its ten million users scattered across the globe.
BONK, BRETT and MOG rally over 10%, SHIB posts slight gains
BONK, BRETT, and MOG were outliers among top meme coins on Tuesday after rallying more than 10% in the past 24 hours. Their move has seen them flip other tokens to climb the standings among top cryptocurrencies.
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Ripple update: XRP struggles under key support, Ripple reveals stablecoin details
Ripple added information on its stablecoin to its official website. The stablecoin is slated for launch later this year. Ripple CEO Brad Garlinghouse has commented on the stablecoin, its utility and Ripple’s plan for the asset during his recent TV appearances.
Kraken Chief Security Officer stresses on importance of crypto self custody, traders express concern
Data from Cryptogics, a data platform tracks the traffic to cryptocurrency exchanges and ranks the platforms based on it. Kraken ranks among the top 10 platforms. The platform tracked 6 million visits to the exchange platform in July 2024.
Bitcoin bleeds close to $60,000, further decline could liquidate over $1 billion
Bitcoin, the largest cryptocurrency by market capitalization, is in a state of decline. If Bitcoin slips under $60,000, it would usher over $1 billion in liquidations per Coinglass data.
Solana and meme coins bleed after whistleblower alleges hidden FTX wallets hold 8% of SOL supply
Solana (SOL) and meme coins based on the Ethereum-alternative chain have suffered a steep correction in the past week. SOL wiped out nearly 25% of its value in the past seven days and dipped to a low of $140.
Bitcoin: Can BTC rebound from the recent market challenge?
Bitcoin’s (BTC) price failed to close above $70,000 at the beginning of the week and dropped to $64,000 by Friday. Mt. Gox continues moving Bitcoin to exchanges for repayments to creditors while the Federal Open Market Committee (FOMC) decided to hold US interest rates steady.