Cryptocurrency News: ARK Invest Weighs In On Bitcoin ETF Applications, Cryptos Rise - cyptoranking.com

2024-04-26

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Investors and traders will want to take note of the fact that the daily RSI line was attempting to cross below the daily RSI SMA line. This suggests that buyers were losing strength. Consequently, SOL’s price may soon enter a downward move if buyers do not step in soon. In September, BeInCrypto reported that South Korea’s crypto surge has seen an unprecedented $100 billion in digital assets dominate overseas accounts. Cryptocurrency News: ARK Invest Weighs In On Bitcoin ETF Applications, Cryptos RiseWhat is Neutron (NTRN)? Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’

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“We hope to raise the necessary funds to provide food and shelter for families who lost their homes,” said CryptoJungle CEO Ben Samocha. Driven by the high hopes for the coming of a new paradigm, P2E games have earned the spotlight since 2022. However, the P2E idea is fresh and still under development, it has yet to navigate many challenges. Based on research, leading game studios like Take-Two interactive and Square Enix have begun discovering the GameFi space. Crypto Exchange Orca to Block U.S. Traders From WebsiteMoto Island is an open world environment filled with cities, countryside, snow-capped peaks, ocean roads, forests, and, of course, race tracks that allow up to thirty racers to line up and try out some of the best physics engines on Roblox. Tonk envisions Dappicom’s role as not just a disrupter in the emulation space but also as a key player in widening the appeal of on-chain games.

Welcome to Pirate Nation, an on-chain RPG by @ProofOfPlay, built at the intersection of casual gaming, web3 technology, and shared ownership & incentives. Bitcoin dominance represents the percentage of the total cryptocurrency market capitalization that Bitcoin holds. When Bitcoin’s dominance rises, it signals increased confidence in Bitcoin compared to other cryptocurrencies. SekiApp-Store, Sell, Buy and Swap CryptoCurious events at Axos continue. For example, Axos Bank’s CEO recently starting selling his own shares in the company. He, of course, claimed that he merely needed to make an unremarkable interest payment on a margin loan. Big Week for Unlocks

Friend.tech’s rivals look to ensure that the perceived value of SocialFi remains once the initial buzz has faded. Feichtl remains unsure about SocialFi’s future structural components, such as bonding curves and private chats. However, he points to mainstream platforms like X, which some speculate are interested in crypto-monetization, suggesting that Friend.Tech’s trajectory might be the right path. The data indicates that 64% of the trading volume in these futures instruments comes from ETFs that provide exposure to Bitcoin (BTC) and Ether futures. VanEck's products are listed on the Chicago Board Options Exchange (CBOE), while Proshares and Bitwise have chosen the New York Stock Exchange for their listings.Despite the initial disappointment, Ethereum enthusiasts are pleased with the ETFs as they have created a fully regulated investment vehicle for institutional investors who previously lacked access to cryptocurrency markets.UBS picks the Ethereum network for its tokenization projectOn Oct. 2, Swiss bank UBS announced the launch of a live pilot for tokenized real-world assets (RWA) on the Ethereum blockchain. This initiative, led by Singapore's central bank, involves UBS Asset Management issuing tokens representing shares of a money market fund.This event further validates investor confidence in the Ethereum network's smart contract processing capabilities and security, which has contributed to the positive momentum in Ether's price. The growing use cases for Ethereum justify a higher valuation for its native token, as it is essential for conducting transactions on the network.Grayscale requests conversion of its Ethereum Trust (ETHE)Crypto asset manager Grayscale has submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval to transform its Ethereum Trust into a spot Ethereum ETF. Grayscale's Ethereum Trust (ETHE) was initially launched in March 2019 and currently boasts a net asset value of $4.9 billion, equivalent to 2,981,563 ETH held within its structure.Investment trusts, such as ETHE, are legally organized as companies and are categorized as "closed-end funds." Consequently, the availability of shares is restricted, with their price largely determined by supply and demand dynamics. As a result, the creation of ETHE shares is not easily achievable, and there is no active redemption program in place. This situation often leads to significant price disparities compared to the underlying value represented by the ETH fractions held by the trust.Short liquidations push Ether’s price to $1,755Ethereum's price increase on Oct. 1 coincided with short liquidations totaling $23 million in Ether futures contracts, while only $2.4 million worth of long positions were liquidated during the same 12-hour period.ETH total 12-hour liquidation chart, USD. Source: CoinGlassShort sellers were forced to close their positions by purchasing futures contracts at any price, leading to a momentary spike to $1,755 on Oct. 1, marking the highest level in 45 days.It's important to note that the subsequent correction to $1,680 on Oct. 2 triggered the liquidation of $10.8 million worth of long positions, contributing to the market volatility.Ultimately, Ethereum bulls have reasons to feel more optimistic, as a new avenue for investment through traditional stock market brokers has emerged, along with the increasing potential for real-world asset tokenization on the Ethereum blockchain.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Top 10+ Cryptocurrency APIs ranked|Crypto Coin TrackerIlluvium utilizes a decentralized governance structure, giving players a voice in the development and direction of the game. Binance told Cointelegraph that it “remained committed” to collaborating with the committee and local law enforcement in Brazil.

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