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ā”ļøOleksandr Usyk-backed Ready to Fight teams up with TON Foundation to offer #crypto debit cards.
Co-founded by Ukrainian world heavyweight champion Oleksandr Usyk, Ready to Fight has joined forces with the #TON Foundation to bring crypto-friendly debit cards to Telegram.
Ready to Fight, a #web3 boxing app built on the Ethereum and BNB Chain (formerly Binance Smart Chain) blockchains, has teamed up with the TON Foundation and Kauri One, a blockchain developer, to offer a crypto-enabled debit card on the Telegram messenger in an effort to expand use cases for the RTF token.
According to a press release shared with crypto.news, the collaboration allows RTF holders to spend their tokens globally at merchants that support Mastercard using Apple Pay. Additionally, users can buy, hold, exchange, and sell nine other tokens, including Bitcoin (BTC), #Tether (USDT), and #Ethereum (ETH), within their in-app wallet, and convert them into RTF tokens.
Commenting on the partnership, Ready to Fight chief executive Sergey Lapin said blockchain opened āhuge opportunities to support the growth of the sports industry, and this is particularly the case for boxing.ā
āThe huge demand for Ready to Fight demonstrates its potential, but we can only achieve mass adoption by ensuring ease-of-use and a wide range of use-cases,ā Lapin said.
Launched in late 2023, Ready to Fight already boasts over 150,000 users, including 15,000 boxers, and has received support from boxing champions like Amir Khan, Mike Tyson, and Michael Buffer. The app is designed as an āintermediaryā between athletes and the specialists and services that āhelp them develop and earn money,ā according to the projectās tokenomics.The platform also uses its own native token RTF for āall financial transactions on the platform,ā including donations, and payment for products and services.
$BTC $BNB $ETH
Co-founded by Ukrainian world heavyweight champion Oleksandr Usyk, Ready to Fight has joined forces with the #TON Foundation to bring crypto-friendly debit cards to Telegram.
Ready to Fight, a #web3 boxing app built on the Ethereum and BNB Chain (formerly Binance Smart Chain) blockchains, has teamed up with the TON Foundation and Kauri One, a blockchain developer, to offer a crypto-enabled debit card on the Telegram messenger in an effort to expand use cases for the RTF token.
According to a press release shared with crypto.news, the collaboration allows RTF holders to spend their tokens globally at merchants that support Mastercard using Apple Pay. Additionally, users can buy, hold, exchange, and sell nine other tokens, including Bitcoin (BTC), #Tether (USDT), and #Ethereum (ETH), within their in-app wallet, and convert them into RTF tokens.
Commenting on the partnership, Ready to Fight chief executive Sergey Lapin said blockchain opened āhuge opportunities to support the growth of the sports industry, and this is particularly the case for boxing.ā
āThe huge demand for Ready to Fight demonstrates its potential, but we can only achieve mass adoption by ensuring ease-of-use and a wide range of use-cases,ā Lapin said.
Launched in late 2023, Ready to Fight already boasts over 150,000 users, including 15,000 boxers, and has received support from boxing champions like Amir Khan, Mike Tyson, and Michael Buffer. The app is designed as an āintermediaryā between athletes and the specialists and services that āhelp them develop and earn money,ā according to the projectās tokenomics.The platform also uses its own native token RTF for āall financial transactions on the platform,ā including donations, and payment for products and services.
$BTC $BNB $ETH
ā”ļøAI altcoins rally as Nvidia stock gains bullish momentum.
Fetch.ai (#FET ), SingularityNET (#AGIX ) and Ocean Protocol (#OCEAN ) have recorded impressive gains as the Nvidia stock price hikes.
FET is up by 35% in the past 24 hours and is trading at $1.71 at the time of writing. The assetās market cap is currently sitting at $1.43 billion, making it the 61st-largest cryptocurrency. Fetch.aiās daily trading volume doubled over the past day, reaching almost $400 million.
AGIX recorded a quite similar run. The AI token gained 29% in the past 24 hours and is trading at $0.68 at the reporting time. Its market cap is hovering close to the $900 million mark with a daily trading volume of $176 million.
The third partner of the Superintelligence Alliance (ASI) token, OCEAN, also recorded a 27% surge over the past day and is currently trading at $0.68. The assetās #market cap is sitting at $390 million at the time of writing. OCEANās 24-hour trading volume increased by 180%, reaching $80 million.
In April, the Artificial Superintelligence Alliance announced that FET, AGIX and OCEAN would be merged into a single token. On June 3, SingularityNET shared the following conversion rates of the tokens to ASI:
āļøFET will be converted to ASI at a conversion rate of 1:1.
āļøAGIX will be converted to ASI at a conversion rate of 1:0.433350.
āļøOCEAN will be converted to ASI at a conversion rate of 1:0.433226.
The surge in the AI tokens comes as the #Nvidia stock recorded a 3.51% hike on Wednesday ā closing the day with a price of $135.58.
Itās important to note that the California-based graphics processor manufacturer is called one of the āthree horsemen of AIā by MarketWatch. Notably, Nvidia has been developing an enterprise-level AI platform.
$FET $AGIX $OCEAN
Fetch.ai (#FET ), SingularityNET (#AGIX ) and Ocean Protocol (#OCEAN ) have recorded impressive gains as the Nvidia stock price hikes.
FET is up by 35% in the past 24 hours and is trading at $1.71 at the time of writing. The assetās market cap is currently sitting at $1.43 billion, making it the 61st-largest cryptocurrency. Fetch.aiās daily trading volume doubled over the past day, reaching almost $400 million.
AGIX recorded a quite similar run. The AI token gained 29% in the past 24 hours and is trading at $0.68 at the reporting time. Its market cap is hovering close to the $900 million mark with a daily trading volume of $176 million.
The third partner of the Superintelligence Alliance (ASI) token, OCEAN, also recorded a 27% surge over the past day and is currently trading at $0.68. The assetās #market cap is sitting at $390 million at the time of writing. OCEANās 24-hour trading volume increased by 180%, reaching $80 million.
In April, the Artificial Superintelligence Alliance announced that FET, AGIX and OCEAN would be merged into a single token. On June 3, SingularityNET shared the following conversion rates of the tokens to ASI:
āļøFET will be converted to ASI at a conversion rate of 1:1.
āļøAGIX will be converted to ASI at a conversion rate of 1:0.433350.
āļøOCEAN will be converted to ASI at a conversion rate of 1:0.433226.
The surge in the AI tokens comes as the #Nvidia stock recorded a 3.51% hike on Wednesday ā closing the day with a price of $135.58.
Itās important to note that the California-based graphics processor manufacturer is called one of the āthree horsemen of AIā by MarketWatch. Notably, Nvidia has been developing an enterprise-level AI platform.
$FET $AGIX $OCEAN
ā”ļøInjective eyes expansion into Web3 gaming with major partnership.
Injective, an interoperable Layer-1#blockchain for decentralized finance (DeFi) applications, is eyeing diversification into the nascent Web3 gaming ecosystem.
On Wednesday, Injective announced its partnership with DEGA, a top game builder platform thatās also deployed on #Ethereum ,#Cardano and #BNB Chain.
Injective, a provider of a platform for dApps across decentralized exchanges (DEXs), prediction markets, and lending protocols, will leverage DEGAās ecosystem to launch its next phase of development via Web3 gaming.
With DEGA, game builders will be able to quickly design and publish games ā a new era for GameFi, according to Injective.
The #Web3 gaming market continues to witness significant growth, with future projections estimating expansion from $23.9 billion in 2023 to over $133 billion by 2033.
āDEGA and Injective share a lot in common when it comes to our vision for ease of use, financial inclusion, and artificial intelligence,ā DEGA CEO Carlos Rene said in a statement. āWe expect this integration to benefit all who participate in either of our ecosystems.ā
$BNB $ETH $ADA
Injective, an interoperable Layer-1#blockchain for decentralized finance (DeFi) applications, is eyeing diversification into the nascent Web3 gaming ecosystem.
On Wednesday, Injective announced its partnership with DEGA, a top game builder platform thatās also deployed on #Ethereum ,#Cardano and #BNB Chain.
Injective, a provider of a platform for dApps across decentralized exchanges (DEXs), prediction markets, and lending protocols, will leverage DEGAās ecosystem to launch its next phase of development via Web3 gaming.
With DEGA, game builders will be able to quickly design and publish games ā a new era for GameFi, according to Injective.
The #Web3 gaming market continues to witness significant growth, with future projections estimating expansion from $23.9 billion in 2023 to over $133 billion by 2033.
āDEGA and Injective share a lot in common when it comes to our vision for ease of use, financial inclusion, and artificial intelligence,ā DEGA CEO Carlos Rene said in a statement. āWe expect this integration to benefit all who participate in either of our ecosystems.ā
$BNB $ETH $ADA
ā”ļøBinance woos BNB holders with token airdrops for joining lending program.
#Crypto exchange Binance has announced a new airdrop program for #BNB holders following reports that Changpeng Zhao controls over 60% of the tokenās circulating supply.
In a Wednesday announcement on its website, Binance introduced a new program aimed specifically at Binance Coin (BNB) holders in a bid to foster a āhealthy and sustainable market environment.ā
The so-called HODLer Airdrops program will reward BNB holders with tokens issued by projects āwith a large token circulating supply that intend to soon list on Binance.ā The only condition is that $BNB holders have to join Binanceās lending program known as Simple Earn and lock their tokens.
It is unclear which tokens will be airdropped among #SimpleEarn participants. But, Binance states it seeks to engage with āsmall to medium projects with strong fundamentals, a large circulating supply, and strong and organic communities.ā
Participation in the program requires BNB holders to complete KYC (Know Your Customer) verification. #Binance also notes that eligibility depends on the userās ācountry or region of residence,ā without further elaboration.
The new program comes shortly after reports indicated that Binance founder Changpeng Zhao, recently sentenced to four months in prison after pleading guilty to money laundering violations, owns 64% of BNBās circulating supply, putting him in control of more than $56 billion worth of tokens.
A #Forbes investigation revealed that BNBās initial coin offering in 2017 was initially āundersubscribed,ā leading Zhao and his company to āfunnel unsold shares into wallets he controlled.ā So far, Binance hasnāt publicly commented on Forbesā findings.
#Crypto exchange Binance has announced a new airdrop program for #BNB holders following reports that Changpeng Zhao controls over 60% of the tokenās circulating supply.
In a Wednesday announcement on its website, Binance introduced a new program aimed specifically at Binance Coin (BNB) holders in a bid to foster a āhealthy and sustainable market environment.ā
The so-called HODLer Airdrops program will reward BNB holders with tokens issued by projects āwith a large token circulating supply that intend to soon list on Binance.ā The only condition is that $BNB holders have to join Binanceās lending program known as Simple Earn and lock their tokens.
It is unclear which tokens will be airdropped among #SimpleEarn participants. But, Binance states it seeks to engage with āsmall to medium projects with strong fundamentals, a large circulating supply, and strong and organic communities.ā
Participation in the program requires BNB holders to complete KYC (Know Your Customer) verification. #Binance also notes that eligibility depends on the userās ācountry or region of residence,ā without further elaboration.
The new program comes shortly after reports indicated that Binance founder Changpeng Zhao, recently sentenced to four months in prison after pleading guilty to money laundering violations, owns 64% of BNBās circulating supply, putting him in control of more than $56 billion worth of tokens.
A #Forbes investigation revealed that BNBās initial coin offering in 2017 was initially āundersubscribed,ā leading Zhao and his company to āfunnel unsold shares into wallets he controlled.ā So far, Binance hasnāt publicly commented on Forbesā findings.
ā”ļøENS surges 15%, reaching the overbought zone.
#Ethereum Name Service (ENS) has recorded impressive gains while data shows the #token is overbought at this price point.
ENS is up by 15.62% in the past 24 hours and is trading at $26.7 at the time of writing. This is the second time this month that ENS has surpassed the $26 mark ā a level last seen in January 2022.
Despite the price surge, ENS is still down by 69% from its all-time high of $85.69 in November 2021.
Following the price rally, the total #market cap of ENS surged to $840 million, making it the 82nd-largest cryptocurrency. The assetās daily #trading volume also increased by 39%, currently hovering at $227 million.
According to data provided by Santiment, the #ENS total open interest increased by 27% over the past day ā rising from $60.32 million to $76.45 million. A sudden surge in open interest usually leads to higher price volatility due to increased liquidations.
Data from the market intelligence platform shows that the total funding rate aggregated by ENS declined from 0.009% to 0.006% in the past 24 hours. The chart shows that the increased open interest mostly came from a surge in the amount of short positions ā traders who are betting on ENSā price fall.
Per Santiment, the ENS relative strength index (RSI) is currently hovering at 61, showing the asset is slightly overbought and could be manipulated by large whales.
For ENS to remain in the bullish zone, its RSI would need to cool down below the 50 mark.
$ENS $ETH
#Ethereum Name Service (ENS) has recorded impressive gains while data shows the #token is overbought at this price point.
ENS is up by 15.62% in the past 24 hours and is trading at $26.7 at the time of writing. This is the second time this month that ENS has surpassed the $26 mark ā a level last seen in January 2022.
Despite the price surge, ENS is still down by 69% from its all-time high of $85.69 in November 2021.
Following the price rally, the total #market cap of ENS surged to $840 million, making it the 82nd-largest cryptocurrency. The assetās daily #trading volume also increased by 39%, currently hovering at $227 million.
According to data provided by Santiment, the #ENS total open interest increased by 27% over the past day ā rising from $60.32 million to $76.45 million. A sudden surge in open interest usually leads to higher price volatility due to increased liquidations.
Data from the market intelligence platform shows that the total funding rate aggregated by ENS declined from 0.009% to 0.006% in the past 24 hours. The chart shows that the increased open interest mostly came from a surge in the amount of short positions ā traders who are betting on ENSā price fall.
Per Santiment, the ENS relative strength index (RSI) is currently hovering at 61, showing the asset is slightly overbought and could be manipulated by large whales.
For ENS to remain in the bullish zone, its RSI would need to cool down below the 50 mark.
$ENS $ETH
ā”ļøPantera Capital praises Solana as Ethereumās dominance shifts to āmulti-polar modelā.
The #crypto venture firm Pantera Capital says Ethereumās losing steam as Solana has become a āmajor contender for the future of blockchain development.ā
Pantera Capital, a crypto venture capital firm managing billions in assets, reportedly eyeing a purchase of millions worth of $SOL from the bankrupt FTX exchange, appears to be increasingly highlighting Solanaās potential over Ethereum to investors.
In a Jun. 18 newsletter, the Menlo Park-headquartered venture capital firm said Ethereumās dominance āappears to be yielding to the multi-polar model,ā pointing to #Solana as a new prominent product that gained āsignificant share over the past year.ā
āThe shift is reminiscent of Microsoftās dominance of the early desktop computer #market , until Apple broke through with its vertically integrated approach. Solana is now a major contender for the future of blockchain development.ā
Pantera Capital
Drawing parallels to Appleās breakthrough in the early days of personal computing, Pantera likened Solanaās integrated approach to Appleās vertically integrated strategy with macOS, saying the networkās monolithic architecture has a product roadmap āfocused on optimizing every component of its own blockchain.ā
The venture capital firm says Solanaās āarchitectural advantagesā enable a range of use cases and user experiences that āmay be more challenging to implement on modular blockchains like #Ethereum and Cosmos,ā citing Solanaās āfast, low-cost transactions.ā
āSolanaās architectural advantages are enabling it to capture an outsized share of the new demand coming into the blockchain space, accelerating its ascent as a rival to Ethereum.ā
Pantera Capital
$ETH #SOL
The #crypto venture firm Pantera Capital says Ethereumās losing steam as Solana has become a āmajor contender for the future of blockchain development.ā
Pantera Capital, a crypto venture capital firm managing billions in assets, reportedly eyeing a purchase of millions worth of $SOL from the bankrupt FTX exchange, appears to be increasingly highlighting Solanaās potential over Ethereum to investors.
In a Jun. 18 newsletter, the Menlo Park-headquartered venture capital firm said Ethereumās dominance āappears to be yielding to the multi-polar model,ā pointing to #Solana as a new prominent product that gained āsignificant share over the past year.ā
āThe shift is reminiscent of Microsoftās dominance of the early desktop computer #market , until Apple broke through with its vertically integrated approach. Solana is now a major contender for the future of blockchain development.ā
Pantera Capital
Drawing parallels to Appleās breakthrough in the early days of personal computing, Pantera likened Solanaās integrated approach to Appleās vertically integrated strategy with macOS, saying the networkās monolithic architecture has a product roadmap āfocused on optimizing every component of its own blockchain.ā
The venture capital firm says Solanaās āarchitectural advantagesā enable a range of use cases and user experiences that āmay be more challenging to implement on modular blockchains like #Ethereum and Cosmos,ā citing Solanaās āfast, low-cost transactions.ā
āSolanaās architectural advantages are enabling it to capture an outsized share of the new demand coming into the blockchain space, accelerating its ascent as a rival to Ethereum.ā
Pantera Capital
$ETH #SOL
ā”ļøAnalysts say this memecoin will outperform WIF as investors eye SOL.
Analysts predict that Angry Pepe Fork (APORK) will outperform Dogwifhat ($WIF ) while Solanaās (SOL) recent adoption will lead to significant rallies in the coming months.
In the past few months, the #memecoin market has been trending, with top meme coins such as $PEPE , Floki and Dogwifhat dominating the #meme space. At the heart of these rallies are new memecoins, which have witnessed tremendous growth in the past weeks.
After studying the market trends, analysts believe that Angry #Pepe Fork (APORK) will outperform Dogwifhat (#WIF ) in the coming months. Although a new memecoin, analysts project massive rallies soon. Meanwhile, the #Solana blockchain has witnessed massive adoption in recent times, leading to analysts projecting huge rallies for the $SOL token.
Analysts predict that Angry Pepe Fork (APORK) will outperform Dogwifhat ($WIF ) while Solanaās (SOL) recent adoption will lead to significant rallies in the coming months.
In the past few months, the #memecoin market has been trending, with top meme coins such as $PEPE , Floki and Dogwifhat dominating the #meme space. At the heart of these rallies are new memecoins, which have witnessed tremendous growth in the past weeks.
After studying the market trends, analysts believe that Angry #Pepe Fork (APORK) will outperform Dogwifhat (#WIF ) in the coming months. Although a new memecoin, analysts project massive rallies soon. Meanwhile, the #Solana blockchain has witnessed massive adoption in recent times, leading to analysts projecting huge rallies for the $SOL token.
ā”ļøAnalysts eye $SHIB , BRETT, and RCO Finance for massive gains.
Analysts highlight Shiba Inu ($SHIB ), Brett (BRETT), and RCO Finance (RCOF) as top defi #coins , with RCOF poised to offer maximum profits in 2024.
Choosing the best #crypto in the market can be quite a task. So, investors prefer to seek an analystās opinion before making crypto investments. For now, analysts have highlighted three defi coins: Shiba Inu ($SHIB ), Brett (BRETT), and RCO Finance (RCOF).
Among them, the #Ethereum blue chip RCOF looks to offer maximum profits and is aiming to become one of the leading defi coins in #2024. Letās explore more.
#SHIB
Analysts highlight Shiba Inu ($SHIB ), Brett (BRETT), and RCO Finance (RCOF) as top defi #coins , with RCOF poised to offer maximum profits in 2024.
Choosing the best #crypto in the market can be quite a task. So, investors prefer to seek an analystās opinion before making crypto investments. For now, analysts have highlighted three defi coins: Shiba Inu ($SHIB ), Brett (BRETT), and RCO Finance (RCOF).
Among them, the #Ethereum blue chip RCOF looks to offer maximum profits and is aiming to become one of the leading defi coins in #2024. Letās explore more.
#SHIB
ā”ļøCrypto liquidations plunge over 80% as the market consolidates.
Cryptocurrency liquidations declined 80.26% as the broader market consolidates amid low volatility and neutral sentiment.
According to data provided by Coinglass, total crypto liquidations currently sit at $42.4 million ā in the past 24 hours. This shows that the broader cryptocurrency #market hasnāt seen big movements.
Hereās what to know:
āļøLong positions are worth roughly $23.8 million.
āļøShort trading positions, $18.5 million in liquidations.
āļøEthereum ($ETH ) leads with $9 million in liquidations ā $3.5 million longs, $5.5 million shorts.
āļøNotcoinās ($NOT ) liquidations came in third after a group of small-cap crypto assets, reaching $3.9 million.
āļøBitcoin ($BTC ), secured the fourth spot reaching $3.25 million ā with $2.44 million worth of long positions liquidated in 24 hours.
āļøData shows that almost half of the liquidations, $20 million, come from Binance, the largest crypto exchange by trading volume.
āļøSeychelles-based exchange OKX has the second spot with $13 million in liquidations.
āļøOKX accounts for over 30.7% of the global liquidations.
āļøTotal cryptocurrency open interest increased by 0.2%, reaching $66.3 billion.
The global #crypto market capitalization currently hovers at around $2.54 trillion, according to CoinGecko.
BTC and ETH have been consolidating around the $66,000 and $3,500 marks over the past 24 hours. Both of the leading cryptocurrencies have been witnessing small movements as the broader market weathers neutral sentiment.
#ETH #BTC #NOT
Cryptocurrency liquidations declined 80.26% as the broader market consolidates amid low volatility and neutral sentiment.
According to data provided by Coinglass, total crypto liquidations currently sit at $42.4 million ā in the past 24 hours. This shows that the broader cryptocurrency #market hasnāt seen big movements.
Hereās what to know:
āļøLong positions are worth roughly $23.8 million.
āļøShort trading positions, $18.5 million in liquidations.
āļøEthereum ($ETH ) leads with $9 million in liquidations ā $3.5 million longs, $5.5 million shorts.
āļøNotcoinās ($NOT ) liquidations came in third after a group of small-cap crypto assets, reaching $3.9 million.
āļøBitcoin ($BTC ), secured the fourth spot reaching $3.25 million ā with $2.44 million worth of long positions liquidated in 24 hours.
āļøData shows that almost half of the liquidations, $20 million, come from Binance, the largest crypto exchange by trading volume.
āļøSeychelles-based exchange OKX has the second spot with $13 million in liquidations.
āļøOKX accounts for over 30.7% of the global liquidations.
āļøTotal cryptocurrency open interest increased by 0.2%, reaching $66.3 billion.
The global #crypto market capitalization currently hovers at around $2.54 trillion, according to CoinGecko.
BTC and ETH have been consolidating around the $66,000 and $3,500 marks over the past 24 hours. Both of the leading cryptocurrencies have been witnessing small movements as the broader market weathers neutral sentiment.
#ETH #BTC #NOT
ā”ļøCrypto picks for gains in 2024: Pepe, Solana, Rebel Satoshi Arcade.
#Pepe aims to outshine other dog cryptos, #Solana targets $500, and Rebel Satoshi Arcade boasts a potential 6,500% upside.
The #crypto landscape is a flurry of different activities, with some seeking airdrops to farms and others in search of promising altcoins to invest in. Different strokes for different folks.
While the crypto market might seem overwhelming at times, picking the best altcoins couldnāt be more critical. The perfect picks for massive gains this year are Pepe ($PEPE ), Solana ($SOL ) and Rebel Satoshi Arcade (#RECQ ).
With the second half of the year promising even more gains, these are the most promising cryptos to invest in ahead of a full-blown bull market. To avoid missing out, investors may consider these rising contenders, especially RECQ, a new GameFi #memecoin with staggering potential.
$SHIB
#Pepe aims to outshine other dog cryptos, #Solana targets $500, and Rebel Satoshi Arcade boasts a potential 6,500% upside.
The #crypto landscape is a flurry of different activities, with some seeking airdrops to farms and others in search of promising altcoins to invest in. Different strokes for different folks.
While the crypto market might seem overwhelming at times, picking the best altcoins couldnāt be more critical. The perfect picks for massive gains this year are Pepe ($PEPE ), Solana ($SOL ) and Rebel Satoshi Arcade (#RECQ ).
With the second half of the year promising even more gains, these are the most promising cryptos to invest in ahead of a full-blown bull market. To avoid missing out, investors may consider these rising contenders, especially RECQ, a new GameFi #memecoin with staggering potential.
$SHIB
ā”ļøWhales eye BTC, ETH as XRP declines; ETFSwap gains traction.
#Crypto whales are shifting focus to ETFSwap (ETFS) amid stagnation in Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices, seeking new investment opportunities.
Despite the launch of multiple Bitcoin-based spot products and large crypto whales activities, Bitcoin ($BTC ), Ethereum ($ETH ) and Ripple ($XRP ) prices have remained stagnant. This stagnation has led crypto whalesā to seek out more viable alternatives, with platforms like ETFSwap (ETFS) emerging as potential solutions.
#Bitcoin #Ethereum #Ripple #Binance
#Crypto whales are shifting focus to ETFSwap (ETFS) amid stagnation in Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices, seeking new investment opportunities.
Despite the launch of multiple Bitcoin-based spot products and large crypto whales activities, Bitcoin ($BTC ), Ethereum ($ETH ) and Ripple ($XRP ) prices have remained stagnant. This stagnation has led crypto whalesā to seek out more viable alternatives, with platforms like ETFSwap (ETFS) emerging as potential solutions.
#Bitcoin #Ethereum #Ripple #Binance
ā”ļøEthereum ETFs could go live in July, analyst says.
Bloomberg analyst Eric Balchunas expects spot Ether ($ETH ) exchange-traded funds (ETFs) to begin trading in the U.S. in July.
Balchunas updated his forecast for the official launch of spot Ether ETFs, moving the over/under date to July 2.
The crypto expert noted that the U.S. Securities and Exchange Commission (SEC) staff had sent comments on the S-1 filings to issuers, describing them as āpretty lightā without major issues.
He mentioned that the SEC has asked for responses within a week, suggesting a decent chance that the ETFs could be declared effective the following week, potentially before the āholiday weekend.ā
Balchunas emphasized that while anything is possible, this is their best estimate at the moment.
On June 13, SEC Chairman Gary Gensler provided some clarity on ETH ETFs during his testimony to Senator Bill Hagerty.
Gensler indicated that he expects the S-1 filings for spot Ethereum ETFs to be approved by the end of the summer. This statement has reinforced the belief that while there may be some delays, approval will likely happen within the next few months.
Balchunas also mentioned that the issuers of spot #Ethereum ETFs were waiting for feedback from the SECās Division of Corporation Finance (Corp Fin) on their S-1 filings, which they had submitted two weeks earlier.
He explained that this delay was attributed to Corp Fin reviewing these documents for the first time, highlighting that this unexpected situation stemmed from a likely last-minute political shift within the SEC, which surprised Corp Fin as well.
Balchunas further emphasized that there is uncertainty about how quickly Corp Fin could prioritize and process the filings.
However, some observers believe Ethereum ETFs may not attract as much attention as Bitcoin ($BTC ) ETFs because they do not offer staking capabilities.
#ETH #BTC $BNB
Bloomberg analyst Eric Balchunas expects spot Ether ($ETH ) exchange-traded funds (ETFs) to begin trading in the U.S. in July.
Balchunas updated his forecast for the official launch of spot Ether ETFs, moving the over/under date to July 2.
The crypto expert noted that the U.S. Securities and Exchange Commission (SEC) staff had sent comments on the S-1 filings to issuers, describing them as āpretty lightā without major issues.
He mentioned that the SEC has asked for responses within a week, suggesting a decent chance that the ETFs could be declared effective the following week, potentially before the āholiday weekend.ā
Balchunas emphasized that while anything is possible, this is their best estimate at the moment.
On June 13, SEC Chairman Gary Gensler provided some clarity on ETH ETFs during his testimony to Senator Bill Hagerty.
Gensler indicated that he expects the S-1 filings for spot Ethereum ETFs to be approved by the end of the summer. This statement has reinforced the belief that while there may be some delays, approval will likely happen within the next few months.
Balchunas also mentioned that the issuers of spot #Ethereum ETFs were waiting for feedback from the SECās Division of Corporation Finance (Corp Fin) on their S-1 filings, which they had submitted two weeks earlier.
He explained that this delay was attributed to Corp Fin reviewing these documents for the first time, highlighting that this unexpected situation stemmed from a likely last-minute political shift within the SEC, which surprised Corp Fin as well.
Balchunas further emphasized that there is uncertainty about how quickly Corp Fin could prioritize and process the filings.
However, some observers believe Ethereum ETFs may not attract as much attention as Bitcoin ($BTC ) ETFs because they do not offer staking capabilities.
#ETH #BTC $BNB
ā”ļøUniswap spikes nearly 10% amid bullish momentum.
Uniswap (UNI) has seen a notable price increase of over 9.8% in the past 24 hours, breaking above $11 as it defied broader market conditions.
This surge in UNIās price has pushed its market cap to $8.74 billion, placing it at 17th among the largest cryptocurrencies by market cap.
According to data from CoinGecko, the current $UNI price represents a 17.1% increase over the last seven days and a 63.6% jump across 30 days.
While Bitcoin ($BTC ) only made marginal gains of about 0.7% in the last 24 hours and Ethereum ($ETH ) gained 4.5%, UNIās 9.8% uptick represented the highest gains of any coin in that period.
However, the coinās 24-hour trading volume of $489.2 million placed it sixteenth among the most traded cryptocurrencies in the last day, just above Dogwifhat (#WIF )and below Toncoin (#TON )whose price is up 2.6%.
#UNI #BTC #ETH
Uniswap (UNI) has seen a notable price increase of over 9.8% in the past 24 hours, breaking above $11 as it defied broader market conditions.
This surge in UNIās price has pushed its market cap to $8.74 billion, placing it at 17th among the largest cryptocurrencies by market cap.
According to data from CoinGecko, the current $UNI price represents a 17.1% increase over the last seven days and a 63.6% jump across 30 days.
While Bitcoin ($BTC ) only made marginal gains of about 0.7% in the last 24 hours and Ethereum ($ETH ) gained 4.5%, UNIās 9.8% uptick represented the highest gains of any coin in that period.
However, the coinās 24-hour trading volume of $489.2 million placed it sixteenth among the most traded cryptocurrencies in the last day, just above Dogwifhat (#WIF )and below Toncoin (#TON )whose price is up 2.6%.
#UNI #BTC #ETH
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