Author: James Wilson

Article written by James Wilson

The US Bitcoin ETFs experience net inflows of only $1.8 billion

January 30, 2024 1 min read

According to digital asset management firm CoinShares, withdrawals from Grayscale’s Bitcoin ETF (GBTC) have exceeded $5 billion since January 11, outpacing inflows into other funds. While the pace of daily redemptions has slowed over the last week, indicating a slowdown in sales, GBTC’s net outflows stand at $2.2 billion, while U.S. bitcoin ETFs saw net inflows of only $1.8 billion. According to CoinShares’ Chief of Research, James Butterfill, the slowdown

Regulators freeze and shut down Binance operations in Alaska and Florida

January 28, 2024 1 min read

Binance US is dealing with increased regulatory challenges. The company, which was already under scrutiny following CEO Changpeng Zhao’s resignation and investigations by the US Department of Justice, has now faced a regulatory freeze, resulting in the suspension of operations in Alaska and Florida. In the most recent development, Florida regulators have taken legal action against Binance US, deeming the crypto giant a potential threat to public safety. As a

SEC delays decision on Ethereum ETF to March 10, 2024

January 25, 2024 1 min read

The US SEC has delayed its decision on the iShares Ethereum Trust spot ETF until March 10, 2024. The ETF, proposed by Nasdaq on November 21, 2023, is intended to track the price movements of Ethereum, a popular crypto. Originally, the SEC had a 45-day review period for the ETF proposal, ending on January 25, 2024. However, the regulatory body chose to extend this period, indicating a need for more

Donald Trump Scores a Remarkable 15,000% Return on MAGA Meme Coin Investment

January 24, 2024 2 mins read

Former President Donald Trump has made an incredible 15,000% profit on his investment in the meme coin “TRUMP” (MAGA). Despite the volatility of the crypto market, Trump’s investment in TRUMP has proven to be extremely profitable. According to crypto intelligence firm Arkham Intel, Donald Trump’s initial $7,100 investment in TRUMP tokens between August and October 2023 has grown to an impressive $1.07 million. This astonishing 15,000% return demonstrates the TRUMP

Ethereum (ETH) Faces Critical Crossroads as Price Nears Key Support Zone

January 23, 2024 1 min read

Ethereum (ETH), which recently reached a high of $2,717, is now at a crossroads as it faces a gradual decline. Crypto analyst Ali identifies a critical demand zone, ranging from $2,388 to $2,460, that holds the key to Ethereum’s current price trajectory. Ali emphasizes the importance of the demand zone between $2,388 and $2,460, describing it as a critical support level. The resilience of Ethereum in this zone could be

Uniswap Labs releases a new security feature known as Permit 2

January 19, 2024 2 mins read

On January 18, Uniswap Labs, the developer of the popular decentralized exchange (DEX) Uniswap, released a new security feature known as Permit 2. This development aims to address the critical “infinite token allowances” vulnerability, which poses a potential risk to user funds. By introducing Permit2, Uniswap Labs hopes to improve user protection and control over digital assets. In the context of decentralized finance (DeFi), “token allowance” refers to a permission

Crypto exchanges trading volume surges to $10 trillion in 2023

January 18, 2024 1 min read

CoinGecko’s recently released 2023 Annual Crypto Industry Report sheds light on the state of crypto exchanges, highlighting the industry’s resilience and notable accomplishments this year. The report examines the dynamics of both centralized crypto exchanges (CEX) and decentralized exchanges (DEX) throughout the year. Despite the challenges faced by the crypto market, such as FTX’s collapse, global banking crises, and regulatory issues with Binance, the data shows that the market is

Chainlink Surges Past Key Resistance Levels: Bulls in Control

January 15, 2024 1 min read

Chainlink (LINK) has seen a surge in recent trading sessions, overcoming critical obstacles and signaling a potential upward trend. The positive momentum caused LINK’s price to rise above $14.50, signaling a significant turnaround for the crypto. The path to this upward trajectory began when LINK established a strong base above $12.50 and launched a new surge. Bulls took control of the price, pushing it past key resistance levels and instilling

Circle (USDC) has officially filed for an Initial Public Offering (IPO) in the US

January 12, 2024 1 min read

Circle Internet Financial, the company behind the popular stablecoin USDC, has officially filed for an Initial Public Offering (IPO) in the US, marking a significant step forward in the company’s journey to greater acceptance and recognition. While specifics such as the number of shares and the expected price range for the IPO have yet to be revealed, the announcement has already sparked interest in the cryptocurrency and finance communities. Circle

Bitcoin (BTC) Price Surges 7.6% to $48,517 Following US Approval of First Spot Bitcoin ETFs

January 12, 2024 1 min read

In an astonishing turn of events, Bitcoin experienced a significant surge, increasing its price by 7.6% to $48,517. This surge followed the approval of the United States’ first-ever spot Bitcoin ETFs, a watershed moment in the cryptocurrency landscape. The approval sparked a frenzy of activity on popular finance platforms, with Yahoo Finance prominently displaying trending tickers like BlackRock’s IBIT and Grayscale’s GBTC. Bloomberg Intelligence analyst Eric Balchunas commented on the

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

January 10, 2024 1 min read

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the

Bitcoin’s Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

January 9, 2024 1 min read

Bitcoin’s recent price surge, which saw it surpass $47,000 for the first time since March 2022, resulted in significant losses exceeding $100 million for traders who had taken short positions, betting against the crypto’s rise. This loss comes as the market waits for the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. Users on exchanges such as OKX and Binance suffered significant losses. Bitcoin’s price increase coincides