June 2024
21Shares files for spot Solana ETF
21Shares files for a spot Solana ETF, a day after VanEck submitted its application for a similar product with the SEC.
Hashdex aims for first dual Bitcoin-Ethereum ETF in the U.S.
Crypto asset manager Hashdex files for a pioneering Bitcoin-Ethereum ETF, targeting SEC approval.
ZKsync to distribute billions of tokens airdrop
ZKsync airdrops 3.675 billion tokens to users, enhancing Ethereum’s Layer 2 governance.
Ethereum’s Buterin denounces celebrity memecoins, urges purposeful innovation
Ethereum’s Buterin criticizes superficial celebrity crypto trends, advocating for impactful, long-term projects.
May 2024
Bitcoin cracks US$70,000, Ethereum nears US$4,000; JENNER, PEPE and memecoins drive markets
Ethereum’s price surge signals market optimism and hints at growth potential.
JPMorgan questions SEC’s crypto ETF expansion plans: The Block
JPMorgan casts doubt on the likelihood of further SEC approvals for crypto ETFs after Ethereum ETF nod.
House members urge SEC to approve Ethereum ETFs
Bipartisan lawmakers call on SEC for consistent crypto ETF standards as decision looms.
Ethereum ETF approval likelihood increases with SEC’s positive signals
Ether’s value surges as analysts suspect SEC may be leaning to ETF approvals.
April 2024
Hong Kong debuts Bitcoin and Ethereum ETFs
Hong Kong’s first spot Bitcoin ETFs rise on first trading day as Ether ETFs drop.
SEC has been investigating Ether’s security status since 2018: report
Consensys lawsuit unveils SEC’s internal suspicion of Ethereum as a security, challenging prior CFTC commodity designation.
OKX debuts Ethereum L2 network X Layer
OKX’s X Layer promises faster, cheaper Ethereum transactions with enhanced security.
February 2024
Ethereum staking hits milestone: over 25% of supply now locked
Despite the Shapella upgrade allowing withdrawals, Ethereum’s proof-of-stake transition continues to attract validators, with over 30 million Ether staked.
January 2024
SEC delays Fidelity’s Ethereum ETF decision
Fidelity’s bid for a spot Ethereum ETF hits a snag as SEC delays decision.
Ethereum outperforms Bitcoin despite ETF debut
Ether’s price rises sharply, contrasting with Bitcoin’s stagnant performance despite recent ETF launches.
November 2023
Is Ethereum once again a victim of its own success?
A year after the Merge made Ethereum even more popular, the network now faces the perils of a staking-fueled liquidity crunch. What are the alternatives?
UBS allows crypto ETFs for Hong Kong investors with at least US$2 mln assets
Three SFC-authorized crypto ETFs will be available on UBS’ Hong Kong platform.
Blackrock files for Ether ETF: ETH tops US$2,100
BlackRock’s Ether ETF filing comes as the U.S. SEC entered an eight-day window to potentially approve pending Bitcoin ETF applications.
Ether breaches US$2,000 as BlackRock registers iShares Ethereum Trust entity
Ether rose to an over six-month high of US$2,045.
Bitcoin breaks US$36,000 as SEC enters potential ETF approval period
Bitcoin is up over 32% in the past month.
October 2023
Bitcoin ETF fever sends crypto prices up, SBF trial testimony, Nepal’s blockchain future
Bitcoin soars to its highest price in a year and a half as Grayscale’s legal victory against the U.S. SEC gets finalized.
Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Bitcoin was subdued by the mounting geopolitical concerns around Israel’s war with Hamas and the ongoing FTX lawsuit.
Crypto investment products record highest inflows since July: CoinShares
Inflows in cryptocurrency investment products reached US$78 million last week, the highest volume since July, according to crypto asset manager CoinShares. See related article: Alameda had a US$65 bln line of credit, says FTX co-founder Gary Wang Fast Facts See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court
Weekly Market Wrap: Bitcoin falls 1.3% following U.S. jobs report
Bitcoin fell 1.3% in the hour following the U.S. jobs report, fueling market concerns that borrowing costs will remain high over a longer period of time.
Bitwise to launch two Ethereum Futures ETFs
Bitwise Asset Management, a U.S.-based cryptocurrency index fund, announced that its two Ethereum futures exchange-traded funds (ETFs), the Bitwise Ethereum Strategy ETF (AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), will start trading on Monday, Oct. 2. See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024 […]
September 2023
Bitcoin, Ether gain; Wall Street on edge amid government shutdown fears
Bitcoin traded above US$26,300 Thursday morning in Asia after briefly breaching US$26,800. Ether also rose above US$1,600 before falling back.
Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines
Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark.
Bitcoin, Ether flat; MicroStrategy adds to Bitcoin holdings
Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether edged up but remained below the US$1,600 mark.
Bitcoin, Ether drop; top cryptos retreat with Toncoin leading losers
Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All top 10 non-stablecoin tokens dropped.
Weekly Market Wrap: Nomura’s Bitcoin Fund, Citigroup blockchain move fail to lift Bitcoin above US$27,000
Bitcoin remained below the US$27,000 mark, despite significant institutional players, like Japan’s largest bank, Nomura, launching a Bitcoin adoption fund earlier this week.
Matic biggest loser among top 10; Bitcoin falls, Ether dips below US$1,600
Matic was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos and with Ether falling below US$1,600. Despite Bitcoin’s sluggish price action, industry experts say that institutions continue adopting the world’s first cryptocurrency. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 MATIC […]
Bitcoin, Ether and other top-10 cryptos down amid Wall Street sell-off
Bitcoin dropped on Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark.
Toncoin leads declines, Bitcoin dips below US$27,000
Toncoin was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos except Dogecoin. With Bitcoin below US$27,000, FTX’s crypto liquidations could keep prices subdued for the rest of the month, market analysts told Forkast. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]
Bitcoin, Ether dip; Toncoin leads crypto retreat following hawkish Fed comments
Bitcoin briefly fell below US$26,900 on early Thursday morning in Asia but is now trading above US$27,000. Ether also dropped but held above US$1,600.
Toncoin leads top 10 cryptos with weekly gain of 31%, could Bitcoin rise to US$30,000 by October?
Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 31% since its Telegram partnership last week. Despite Bitcoin’s short-term corrections, it could return above the US$30,000 support level by October, according to market experts. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 TON leads winners, […]
Bitcoin trades above US$27,000; Toncoin extends rally
Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640. All other top 10 non-stablecoin tokens logged gains.
Solana leads winners in top 10 cryptos; Bitcoin, Ether rise for 2nd consecutive day
Solana led gainers in the top 10 cryptocurrencies by market capitalization, recovering from a two-month low. Bitcoin and Ether rose during afternoon trading in Asia along with most cryptos. Market experts said that the continued entrance of large institutions could provide the crypto industry more legitimacy and price stability. See related article: Weekly Market Wrap: […]
Bitcoin, Ether rise; Toncoin leads crypto rebound
Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 mark. Ether also logged gains but remained below US$1,650.
BNB leads winners in top 10 cryptos; Bitcoin, Ether rise 0.8% in afternoon trading
BNB led gainers in the top 10 cryptocurrencies by market capitalization, despite Binance’s growing challenges. Bitcoin and Ether rose during afternoon trading in Asia, as market analysts are saying it could start picking up more bullish momentum above the US$26,000 mark. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]
Bitcoin, Ether flat; altcoins drop amid FTX liquidation
Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.
Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750
Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.
Bitcoin, Ether rise; Deutsche Bank to provide crypto custody services
Bitcoin rose on Friday morning in Asia to trade above US$26,500. Ether also moved higher to over US$1,600. All other top 10 non-stablecoin tokens gained.
Bitcoin back above US$26,000 after CPI release
Bitcoin rose on Thursday morning in Asia to trade above US$26,000. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin tokens moved up.
Toncoin gains 13% on Telegram partnership; Bitcoin, Ether little changed
Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 13% after the project announced its partnership with Telegram. Bitcoin and Ether were little changed during afternoon trading in Asia, but market analysts are looking at September as a period for strategic Bitcoin accumulation. See related article: Weekly Market Wrap: ETF developments […]
Bitcoin, Ether bounce back; altcoins recover after FTX panic
Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.
Bitcoin collectibles: a diamond in the rough
Bitcoin’s NFT sales dip mirrors early challenges of Ethereum; is the pioneer blockchain set for a comeback in the collectibles market?
Bitcoin, Ether lose key support levels; altcoins slide amid FTX liquidation woes
Bitcoin fell on Tuesday morning in Asia to hover above US$25,000 after briefly losing the key support level. Ether also slid to lose control of US$1,600.
Bitcoin, Ether extend losses; G20 eyes global crypto regulation
Bitcoin started the week below US$26,000 while Ether dropped to US$1,611. Toncoin and XRP lead losers in the last 24 hours.
Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street
There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.
Weekly Market Wrap: ETF developments bolsters Bitcoin above US$26,000
Bitcoin returned to US$26,000 on Friday, bolstered by Ark Invest’s Ether ETF application and Grayscale’s continued efforts for its potential Bitcoin ETF.
Ether, most top 10 cryptos rise as Bitcoin leads gains in market recovery
Bitcoin rose in afternoon trading in Asia, leading the gainers in the top 10 cryptocurrencies, fueling a wider market recovery as it returned to the US$26,000 support level. Despite the uptick, market experts warn of another potential drop to US$25,000. See related article: Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift […]
Bitcoin above US$26,000; JP Morgan working on blockchain payment system
Bitcoin rose Friday morning in Asia to above US$26,000, leading a rally across most top 10 cryptos. Ether gained but was still below US$1,650.
Toncoin leads gains in top 10 cryptos as Bitcoin, Ether slip; Google to allow NFT gaming ads
Toncoin led gainers in the top 10 cryptos after it saw stronger investor interest since the launch of its new programming language, Tact.
No bounce for Ether after Ark Invest files for its first U.S. spot Ether ETF
Bitcoin traded flat Wednesday morning in Asia below the resistance level of US$26,000. Ether also traded flat, hovering around US$1,600.
Solana leads gains following Visa partnership news, Bitcoin little changed even as whales snap up asset
Solana led gainers in the top 10 cryptos, after the protocol announced a new partnership with payments giant Visa.
Bitcoin, Ether flat; US equities drop as rate hike concerns return
Bitcoin was trading flat below US$26,000 Wednesday morning in Asia. Ether edged up but remained below the US$1,650 mark.
Bitcoin, Ether decline as Dogecoin leads gains ahead of Elon Musk’s biography
Dogecoin led the winners in the top 10, in anticipation of Tesla owner Elon Musk’s upcoming biography, which reportedly details his involvement in the memecoin’s development.
Bitcoin, Ether down; Binance loses another top executive
Bitcoin edged lower on Tuesday morning in Asia to trade below US$26,000. Ether dipped to near the US$1,600 mark.
Bitcoin, Ether remain under key levels; Sol leads gains in top 10 cryptos
Bitcoin and Ether have struggled to gain traction since the Securities and Exchange Commission (SEC) postponed its decision on seven Bitcoin ETF proposals.
Bitcoin flat below US$26,000 as rate hike woes cool down
Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.
Weekly Market Wrap: Grayscale’s favorable court verdict, ETF hype fail to lift Bitcoin above US$28,000
While Grayscale’s favorable verdict over the SEC could pave the way for the first spot Bitcoin ETF in the U.S., it failed to bring Bitcoin above the US$28,000 support level.
Bitcoin falls back to US$26,000, Ether nears ‘death cross,’ while investors await US jobs report for August
Bitcoin, Ether and other cryptos were down Friday morning. U.S. equities were flat as investors look towards August’s jobs report later Friday.
August 2023
Cryptos down as Grayscale ETF news loses shine
Bitcoin, Ether and most other top ten cryptos traced back gains made following news of Grayscale’s legal win against the SEC.
Green ink across crypto after Grayscale scores SEC win
A U.S. court’s landmark decision to side with Grayscale on its Bitcoin ETF application to the SEC sent crypto prices upward Wednesday morning in Asia.
Bitcoin, Ether trading flat as SEC targets firm offering NFTs
Bitcoin, Ether were little changed. Cardano led gains while Solana posted losses as experts say crypto prices are looking up.
Crypto market cautious after Fed’s Powell says US inflation still ‘too high’
Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell’s hawkish comments on U.S. inflation.
DeFi revenue remains resilient despite Curve Finance hack
Even as the value of assets in DeFi dips, service provider revenues stand strong, undeterred by the US$73 million Curve Finance breach, Forkast Labs data shows.
Weekly Market Wrap: Bitcoin’s summer volatility, Coinbase’s new stake and anticipations on the Fed moves cryptocurrencies
From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.
SOL reverses gains, Bitcoin holds US$26,000, top cryptos fall ahead of Powell’s speech
SOL reversed Thursday’s gains from its Shopify partnership while XRP fell to a six-week low. Bitcoin and Ether inched up during afternoon trading but struggled to gain more upward momentum.
Bitcoin back down to US$26,000 as investors await US Fed chair speech
Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.
Bitcoin, Ether rise with SOL leading winners in top 10 cryptos
SOL was the biggest gainer in the top 10 following its Shopify deal. Bitcoin and Ether also rose along with most top 10 cryptocurrencies.
Bitcoin back at US$26,500 as crypto mirrors Wall Street gains
Bitcoin rose on Thursday morning in Asia to trade in the US$26,500 range. Ether also moved up. Solana led the winners in the top 10 non-stablecoin tokens.