Tennessee-based asset manager, Valkyrie Funds, has filed for approval of a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Valkyrie Investments, which already has a Bitcoin futures ETF product listed on Nasdaq, filed the application for a spot Bitcoin ETF recently. It joins a growing list of companies seeking approval for
Industry
The crypto market has recently experienced a positive macro event, resulting in a scaled-back market valuation of $1.19 trillion. Bitcoin is leading the way in this major uptrend, making a strong comeback to the $30,000 price tag. However, it is not the only main beneficiary of this bullish sentiment. Ethereum Classic, a popular proof-of-work (PoW)
ArbDoge AI, represented by the AIDOGE token, has recently experienced a notable price surge of 5%. After hitting a low point at 0.000000000128, AIDOGE managed to find support and has since embarked on a recovery, reaching the 0.000000000154 level. Technical Analysis of AIDOGE/USDT Pair On the technical front, the AIDOGE/USDT pair is exhibiting a slightly
Optimism (OP) has made a remarkable recovery, surging by 27% in the last week after hitting a new yearly low of $0.895 on June 10. Currently trading at $1.411, the cryptocurrency is showing a 4.06% increase in value today. OP is striving to surpass the reverse Fib 0.5 level at $1.386, which coincides with a
XRP’s price has remained above the $0.50 psychological level for over two weeks, but on June 14, the currency broke down from this level, causing concerns about a potential trend reversal. After initially finding support from the 100-day EMA and the Fib 0.5 level at $0.4779, traders and investors are now closely monitoring the technical
The cryptocurrency market is ever-evolving, with new digital coins entering the market every day. DEXTools, a decentralized exchange tool, has compiled a list of the top trending cryptocurrencies on its platform. The list includes 4Chan, Unleash, Planet, AiDoge, and Scam. Trending Cryptocurrencies 4Chan, a token listed on Uniswap on May 1st, is the most trending
Ethereum developers have proposed raising the deposit requirement for validators from 32 to 2,048 ETH. This increase of 6,300% aims to reduce the waiting times for setting up a validator node, which currently stands at just over 40 days. However, this proposal may further increase the centralization of staking, which could increasingly become the preserve
The XRP market is currently buzzing with anticipation as a former SEC director recently hinted that a decision regarding the XRP lawsuit may be imminent. Marc Fagel shared his perspective on the ongoing Ripple lawsuit and its potential impact on the price of XRP. Fagel speculates that a ruling in the lawsuit is likely to
Solana (SOL) has shown a steady increase in price, indicating a notable recovery. Currently trading at $15.82, SOL has risen 22.6% from its recent low of $12.80. This upward movement is significant as it has successfully mounted the Fibonacci retracement level of Fib 0.618 at $15.33. SOL’s 20-day exponential moving average (EMA) currently stands at
The 4Chan Coin has experienced an incredible surge, rising by 29% in the past 24 hours, with a current price of $0.000000000000179428. This represents a massive 1,300% gain in the last 30 days and an even more impressive 25,000% increase since the meme token launched. This surge has taken place amid the ongoing Reddit blackout,