TL;DR Ethena’s native token has skyrocketed by triple digits in the last 30 days, fueled by major exchange listings and other reasons. Some analysts believe the price could continue pumping in the short term, but the upcoming token unlocks suggest a bearish scenario may also be in play. ENA Takes Center Stage There are numerous…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, cryptocurrency advocates have passionately highlighted the transformative potential of blockchain, often in contrast to traditional financial institutions. The creation of Bitcoin (BTC) in 2008 was a response to a moment…
Key Takeaways Cboe BZX Exchange proposes rule changes to allow automatic listing of crypto ETFs meeting set criteria. The new framework removes the need for case-by-case SEC approval for qualifying commodity-based trust shares. Share this article Cboe BZX Exchange has filed a proposed rule change with the SEC that would allow for the automatic listing…
The crypto market saw another tense session on Wednesday as Bitcoin briefly dumped to $115,000 before recovering hours later back to the key $118K support level: a battle that’s been going on for days now. Traders are watching closely as BTC holds this level with its teeth, despite increasing macro pressure. While the broader market…
TL;DR XRP defends $3.05–$3.10 support zone, forming a potential double bottom on the 4-hour chart. Exchange balances fall while wallet count nears 7.3M, signaling long-term holding activity. On-chain activity rebounds to 1B tokens as network use increases ahead of August. Chart Structure and Support Zone Ripple (XRP) continues to trade above a key support range…
LOKA staged a strong rally earlier today as more exchanges pledged their support for its ongoing migration to Arena-Z. Summary LOKA surged over 600% on July 31 before correcting, driven by exchange-backed migration to Arena-Z. A whale wallet withdrew 170M LOKA from exchanges, triggering a 97% drop in available supply on exchanges. Binance completed the…
Key Takeaways FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals. The entities unstaked over 3 million Solana tokens valued at approximately $431 million in March. Share this article Wallets linked to FTX and Alameda Research staked 20,736 Ethereum valued at approximately $79 million on Wednesday, according to data…
The U.S. Securities and Exchange Commission has approved in-kind redemptions for spot Bitcoin and Ethereum exchange-traded products. This means ETF issuers and authorized participants can now deliver or receive actual Bitcoin or Ether when creating or redeeming shares. Until now, they had to use cash. This rule change brings crypto ETFs closer to how commodity…
News of companies breaking the usual BTC treasury trend continues to emerge almost daily, and we can see everything from new players to established industry veterans shifting to the second-largest digital asset. The DeFi-native Ethereum is steadily stealing the spotlight; only time will tell if the momentum will keep going, albeit there are currently no…
PENGU’s rally has reversed with a 17% weekly loss, as on-chain data points to one insider-linked wallet offloading over $17 million worth of tokens to exchanges since July. Summary PENGU is down 17% in a week as a wallet linked to the deployer sent over $17M worth of tokens to exchanges. Technical indicators show early…
