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(L-R) Eric Trump, former U.S. president, Republican presidential candidate Donald Trump and Donald Trump Jr. on the 23rd anniversary of the September 11 terrorist attacks on the World Trade Center at Ground Zero in New York City Attending the commemorative ceremony September 11, 2024. Adam Gray | AFP | Getty ImagesA political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies.Donors to the Trump 47 Community Chest Committee have invested in the Republican presidential candidate’s campaign in Bitcoin, Ether, XRP, as well as the U.S. dollar-pegged stablecoin Tether, according to a Federal Election Commission filing…
Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, briefly managed to reach the $67,600 level after settling around $66,900 early Wednesday. Other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) landed in the green across the board as the overall market fear and greed index rose. . According to CoinMarketCap data, it has a score of 58 out of 100 (neutral). Ethena (ENA) token was the biggest gainer, rising nearly 8% in 24 hours. SUI was the biggest loser, losing more than 9% in 24 hours. At the time of writing, the…
Good news for XRP holders as prices rise. Major support level: $0.54 Main resistance levels: $0.60, $0.68 1. Price recovery key level After some hesitation, buyers managed to push XRP back above the 54 cents level, where it is now once again acting as a major support. As long as price remains above this key level, XRP has a clear path to further upside and challenge the next 60 cent resistance. Charts by TradingView 2. Purchase volume remains low Even if buyers manage to pull off a win this week, the volume does not show high confidence. Buying volume has…
Tether Holdings, the world’s largest issuer of stablecoin USDT, is considering financing options for commodity trading companies as it looks for new ways to distribute this year’s profits amid a broader market recovery. It is reported that there are. The talks include potential US dollar financing opportunities with a range of companies in the commodity sector, which often struggle to access credit, Bloomberg said. Tether explores new credit solutions for commodity companies Commodity trading companies that rely heavily on lines of credit, such as Trafigura Group, have large networks of lenders, with $77 billion in lines of credit from about…
Litecoin LTC/USD rose the most on Tuesday after digital asset trading and management firm Canary Capital filed for an exchange-traded fund (ETF) to track the price of proof-of-work (PoW) cryptocurrencies. It was at the top of the list. What Happened: Created from the Bitcoin BTC/USD hard fork in 2011, the coin is up over 7% as of this writing, outperforming all cryptocurrencies on the market, including Bitcoin itself. I did. LTC trading volume has experienced an astounding 149% increase in the past 24 hours, with buying pressure pushing the coin to its highest level in two and a half months.…
Asset management company Canary Capital on Tuesday filed its first Litecoin ETF with the U.S. Securities and Exchange Commission (SEC). According to the filing, Canary’s proposed ETF aims to hold spot LTC and closely track the performance of the CoinDesk Litecoin Price Index (LTX). If approved, the ETF would provide broad direct exposure to LTC to consumers and institutional investors. Litecoin (LTC) continued its upward momentum, trading above $71 since Wednesday, further strengthening its 6% gain since Tuesday. This rally was fueled by the announcement that Canary Capital has filed for the first LTC spot exchange-traded fund (ETF) with the…
Blockchain education will reshape the way we perceive career opportunities and provide individuals with entry points into new industries and roles. With blockchain technology at the core of today’s digital transformation, learning how it works is no longer an option, but a must for career changers. In this article, we explore how blockchain education is opening doors for people looking to pivot into professional paths, from IT and finance to logistics and more. We discuss the key benefits of blockchain education, explore the most in-demand skills, and look at real-world success stories of individuals who have successfully transitioned into blockchain-related…
Asset management firm Ark Invest has expressed confidence in the transformative potential of the Ethereum ETH/USD network for the financial services industry. What Happened: On Tuesday, the company’s influential founder Cathie Wood said Ark Invest believes Ethereum and its staking yields will play an important role in decentralized finance (DeFi). I shared a research paper with X that explains why. The paper highlighted Ethereum’s status as an “institutional-grade asset” with the potential to generate yield. “Our research suggests that ETH, as an asset, is beginning to develop attributes similar to U.S. Treasury securities in the digital asset space,” the paper…
US Ethereum ETF net flows. Source: Glassnode This indicates that initial excitement may have been overstated and actual institutional demand after launch was lower than expected. If Ethereum, the second-largest cryptocurrency with a strong ecosystem of decentralized applications and smart contracts, fails to sustain its post-ETF rally, Litecoin, an asset with less institutional interest and a narrow use case, may face a similar, if not more, situation. ,assignment. Historically, Litecoin has struggled to gain institutional attention over the long term, and there is little evidence that small-capitalization ETF filings will change the situation. Greyscale Omens: New Headwinds Another key element…
Ripple has announced the launch of its stablecoin RLUSD and revealed which exchanges will support USD-denominated tokens.Uphold, Bistamp, MoonPay, Independent Reserve, CoinMENA, and Bullish all offer RLUSD, and leading market makers like B2C2 and Keyrock support RLUSD liquidity.“With early trading partners, RLUSD’s clear utility and demand, and strong focus on regulatory compliance, Ripple’s stablecoin is poised to become the gold standard for enterprise-grade stablecoins.” CEO Brad Garlinghouse said. “Customers and partners have been asking for high-quality stablecoins like RLUSD that can be used in a variety of financial use cases, including payments, tokenization of real-world assets, and decentralized finance. ,…