The PYUSD weekly transaction volumes have exceeded $500 million by the end of the last month. To give context, this is more than 3x of the $150 million weekyl trading volumes seen previously.
Typically, large institutions prefer OTC trading to minimize market impact.
MetaMask, along with its parent company ConsenSys, has been in the business of simplifying the Web3 economy and making it accessible globally.
With the launch of the spot Ethereum ETF trading approval in view, Ethereum price has started kicking off.
Lisa Wade, CEO of DigitalX, believes the launch of their Bitcoin ETF “will attract new entrants into the market and ultimately allow institutions to include Bitcoin and digital assets into strategic asset allocations”.
The heightened crowd fear could lead to a sudden Bitcoin and altcoin price rebound in the near term despite the ongoing Mt. Gox repayments.
The report also notes that effective incident response strategies have been very vital in reducing losses in Q2 2024.
While the US crypto ETF market recorded impressive daily inflows on Monday, the global sentiment was different. In Hong Kong, Bitcoin spot ETFs saw less than $200 in daily inflows.
The price action of Solana (SOL), the fifth-largest digital asset by market capitalization, jumped more than 7% in the past 24 hours after the news of the filing.
The SEC is yet to acknowledge the Solana ETF filings from both VanEck and 21Shares. ETF analyst Nate Geraci highlighted that when these acknowledgments finally come, the decision clock will begin to tick.
Grayscale has kept the distribution process of the ETH Trust shares pretty straightforward for all the existing ETHE shareholders. The ETHE shareholders won’t need to initiate any extra action to receive the ETH trust shares.
Deribit’s data highlights that traders are concentrating on put options at strike prices of $58,000, $52,000, and $48,000. This behavior suggests that traders either anticipate potential support at these price levels or are actively hedging against a decline.
The new initiative aligns with Dubai’s broader goals under the Emirates Blockchain Strategy 2021, aiming to transition 50% of government transactions to blockchain technology.
Hamster Kombat is a Telegram-based play-to-earn game that allows participants to mine HMSTR coins as a reward for playing.
A key feature of the HashKey Chain is the integration of the platform’s native token HashKey EcoPoints HSK.