Asset manager CoinShares withdrew its Securities and Exchange Commission (SEC) application for a staked Solana exchange-traded fund (ETF) on Friday. The structuring deal and asset purchase behind the proposed fund were never completed, according to the SEC filing, which states: “The Registration Statement sought to register shares to be issued in connection with a transaction…
Bitcoin’s (BTC) relief rally to $91,000 appears to be cooling off, but analysts believe the short-term trend for BTC “remains up.” Key takeaways: Bitcoin must take out immediate resistance between $92,000 and $95,000 next. Spot volume and trading activity must recover to lift BTC back into six figures. Bitcoin bulls must reclaim the yearly open…
Key takeaways: ETH derivatives exhibit a fading bullish appetite as Ethereum’s TVL declines and network fees decrease, reinforcing persistent risk aversion. US job layoffs climb, and seasonal hiring weakens, leaving traders waiting for fresh liquidity before rebuilding confidence in ETH’s near-term upside. Ether (ETH) has climbed 15% from its $2,623 low made last Friday, yet…
Countries around the world are grappling with inflation, and in many places, investors and everyday savers are turning to crypto to protect their savings. The early 2020s saw a sharp uptick in global inflation rates amid government stimulus programs during the COVID-19 epidemic. Supply chain disruptions led to increased costs for businesses, and food and…
A long-term technical trend indicator for Bitcoin has turned bearish, leading at least one analyst to believe that the bull market may be over. “From a technical standpoint, the bull market is over,” crypto analyst “Crypto₿irb” told his 700,000 X followers on Thursday. Bitcoin (BTC) exhibits a “persistent trend shift, confirmed by price percentage traveled,…
A company with ties to the defunct cryptocurrency exchange FTX is being acquired by Robinhood Markets and Susquehanna International Group as part of a push into prediction markets. According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX, one of the few solvent companies tied to FTX following…
Bitcoin (BTC) is on course for its worst November since 2018, but a new forecast sees a BTC price bottom this week. Key points: Bitcoin is on track to seal its weakest November performance since the 2018 bear market. December has historically produced identical price action after “red” November months. AI predicts that BTC/USD will…
MegaETH’s pre-deposit event unraveled on Tuesday after a cascade of technical failures disrupted what was meant to be a controlled opening for verified users. In an X post, the team said that configuration errors and rate-limit issues caused the platform’s Know Your Customer system to fail. The pre-deposit was an early window for verified users…
XRP (XRP) has rebounded nearly 25% from the $2 psychological level in the past week, with tailwinds from strong daily ETF inflows exceeding $164 million following the launch of Grayscale’s GXRP and Franklin Templeton’s XRPZ. Key takeaways: XRP stays bullish above $2, with chart technicals pointing toward $3.30–$3.50. Resistance at $2.23–$2.50 could bring back the…
Dunamu, the parent company of South Korean crypto exchange Upbit, is reportedly looking to debut in the US after it finalizes its merger with local tech giant Naver. Dunamu wants to launch an initial public offering on the tech-heavy Nasdaq after its merger closes, which is expected to occur later this week, the Seoul Economic…
