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Bitcoin and XRP are two popular cryptocurrencies, making them some of the key highlights of CoinShares’ latest weekly report on outflows and inflows to cryptocurrency-focused investment products. According to the data, there was $2.2 billion in inflows into crypto investment products in the past seven days, the highest level since July. Interestingly, inflows are only seen regionally in the US, while outflows are seen in all other countries. CoinShares analyst James Butterfill said this is due to the upcoming US political events in November, which are also influencing inflows into crypto-focused investment products. I’m thinking. related Of course, the main…
October 21, 2024 10:49 AM EDT |Source: L Bank Agency Dubai, United Arab Emirates–(Newsfile Corp. – October 21, 2024) – Sharia Digital Technologies FZ LLC, a prominent player in the blockchain field, has announced the signing of an umbrella agreement between Indonesia and the United Arab Emirates. Japan is leading innovative cooperation under the Economic Partnership Agreement (CEPA). United Arab Emirates. The partnership, announced at the Indonesian Consulate General in Dubai, marks a major leap towards modernizing sectors vital to the national economy, such as agriculture and trade, by fusing blockchain technology with Indonesia’s traditional industries.Figure 1To view an…
The market cap of Tether’s USDT stablecoin has reached a record $120 billion, suggesting the October bull run, also known as the Uptober, could be in cryptocurrencies. This is potentially evidenced by the fact that the price of Bitcoin started to rise and reached $69,400 on October 21st. This is very close to the record of $73,737. What are pPlanB analysts’ predictions? Of the 120.17 billion USDT in circulation, 61.49 billion USDT (51.17%) is within the Tron network, and an additional 54.48 billion USDT (45.34%) is within the Ethereum network. of $USDT Market capitalization exceeds $120 billion! The current distribution…
Bitwise CEO Hunter Horsley believes trading volumes and inflows for the recently launched Spot Ethereum exchange-traded fund (ETF) are significantly lower than its Bitcoin counterpart. I explained the reason.In an Oct. 21 post on He pointed out that it is in the top 25 of ETPs.BlackRock’s ETHA had net inflows of $1.45 billion, while Fidelity’s FETH and Bitwise’s ETHW saw $498 million and $321 million in inflows, respectively, according to SoSoValue data. .Overall, the data shows that the Ethereum ETF is experiencing negative flows of approximately $500 million, thanks to significant outflows from the Grayscale Ethereum Trust and low demand…
StrengthsAmong the cryptocurrencies tracked by CoinMarketCap, Catin a Dog’s World was the best performing cryptocurrency this week, rising 36.37%. Bitcoin’s rise has gained attention in part because some investors see it as a sign that the market expects Bitcoin to win, Bloomberg writes. There is. Donald Trump, the Republican candidate for the US presidential election who is pro-cryptocurrency. The digital asset has gained about 13% over the past seven days, significantly outperforming global stock indexes and gold. Billionaire Stanley Druckenmiller cited cryptocurrencies as one of the indicators that the market is pricing in a victory for the former president, the…
We’re about halfway through fantasy season now, and things are really starting to take shape. Please note that all the numbers and stats I talk about here (especially regarding Week 7) are pending Monday Night Football. Saquon Barkley was just 14 yards rushing against his old team, a career high, and Jahimul Gibbs ran the Vikings on skates, but they knew they were good. There are other players who are peaking at the right time for us to get here. Is it time to talk about how Kirk Cousins’ fantasy season is fueled by one great performance? Maybe soon, but…
According to ChainCatcher News, Fox Business reporter Eleanor Terret said that Litecoin (LTC) founder Charlie Lee said in an interview with Fox Business Channel that he was “pleased to see Canary Capital file a Litecoin ETF application. In fact, many institutional investors are watching. Litecoin demand continues to grow as the Grayscale Litecoin Trust’s daily growth clearly indicates institutional demand, with its price currently more than double its net asset value. We hope that it will be approved soon. ” In previous news, ETF issuer Canary Capital filed a registration application with the SEC for a Litecoin ETF.ChainCatcher reminds readers…
In today’s continuously evolving digital environment, the Internet of Things (IoT) and blockchain technology continue to transform smart homes. IoT is already impacting our lives in terms of how we control and live in our homes through internet-connected thermostats, lights, and even home appliances that can interact and respond. I am. Blockchain technology was originally conceived to help run cryptocurrencies and has stronger security, transparency, and decentralized properties than IoT. When these two innovative technologies are integrated, the homes of the future will be more intelligent, safer, autonomous, and consumer-oriented.Therefore, it is important to increase the potential of projects that…
DTX Exchange (DTX) presale aims for $10 million after raising $5 million, while top analysts make shocking predictions for Dogecoin (DOGE) and Sui (SUI) pricesThe cryptocurrency market is once again on an upward trajectory as Bitcoin (BTC) soars above $67,000. As a result, other cryptocurrencies will follow suit. Dogecoin (DOGE) and Sui (SUI) have seen significant gains over the past few weeks. Even analysts like Northern Chimpanzee and Walla are making bold price predictions.Meanwhile, DTX Exchange (DTX) is becoming a standout in the cryptocurrency ICO space. It has raised over $5 million and could soon reach $10 million. Experts predict…
USDT’s market capitalization exceeds $120 billion, demonstrating USDT’s growing dominance in stablecoins and global digital finance. Tether holds $118.4 billion in reserves, with $97.6 billion held in the U.S. Treasury, securing stablecoin issuance. Tether’s USDT, the world’s largest stablecoin with a market capitalization of over $120 billion, is at a major turning point. This remarkable expansion not only highlights USDT’s dominance in the stablecoin market, but also highlights its essential importance in major crypto markets. According to Lookonchain, Tron and Ethereum are the leading networks among several blockchains that spread the large-scale circulation of stablecoins. Tron currently has over 61.49…