According to official data, the holdings of the Bitwise Spot Ethereum Exchange Traded Fund (ETHW) have exceeded 100,000 ETH, reaching 100,152.95 ETH as of October 4, with a market value of $243,267,526.35. Additionally, Arkham monitoring data indicates that around five hours ago, 358.714 ETH was transferred from the Kraken exchange to ETHW. Approxi

Since Bitcoin’s halving in April 2024, daily mining revenues have dropped significantly from $70 million to $31 million. However, mining stocks have remained relatively stable, performing slightly below Bitcoin but exceeding overall market expectations. As mining revenues begin to bottom out, a rebound in mining stocks may be on the horizon. Many m

Amid the Bitcoin gradual recovery in price, the asset seems to have been experiencing an interesting market trend lately, suggesting a shift in its supply distribution. According to a CryptoQuant analyst, who goes by the pseudonym ‘IT Tech,’ BTC’s recent price fluctuations have led to short-term holders (STHs), labeled as “weak hands,” exiting the

FTX has received court approval to proceed with its bankruptcy plan, almost two years after the crypto exchange collapsed and filed for bankruptcy in November 2022.

The US bankruptcy judge Jon Dorsey has approved the reorganization plan for FTX, paving the way for the defunct cryptocurrency exchange to repay billions of dollars to its creditors. The decision marks a significant update in the company’s efforts to wind down operations and compensate affected customers. FTX Bankruptcy Plan Approved, Credito

If you’re wondering how to trade with Fibonacci retracements, you’re in the right place. In this article, we will break down why traders use retracements, their unique features, and how you can apply them in your trading strategies. Keep reading to learn about Fibonacci trading. The Fibonacci Sequence for Trading Fibonacci retracements are well-kno

In a recent opinion article, Ward Roddam, the mayor of a town called Rockdale, Texas, has highlighted the profound impact that Bitcoin (BTC) mining is having on his small town, claiming that it is ushering in a new economic renaissance – a “digital energy boom.”  $1 Billion Impact On Rockdale’s Economy Once known for housing […]

BlackRock’s stance on cryptocurrencies—especially Bitcoin and Ethereum—has lately made headlines. While Ethereum is considered as a “technology bet,” the investment behemoth sees Bitcoin as a “gold alternative.” This point of view captures a major change in the way conventional finance is starting to welcome digital assets. The company’s findings s

Hong Kong’s Securities and Futures Commission expects to issue licenses to some of the 11 crypto firms pending registration in the region.