• Aug 07, 2024

Ethereum Can't Keep Up With Bitcoin Or Solana: What's Going On?

Even after Ethereum’s celebrated arrival on Wall Street, the price of ETH has failed to keep in step with rival cryptocurrencies this cycle. As the crypto market nosedived on Sunday, the ETH-to-BTC conversion ratio tapped a yearly low of 0.041, according to TradingView. Although digital assets—including ETH—have posted a solid recovery since then, the ratio remains at 0.043 at writing time. Many can’t help but find the trend unusual. In bull market years, altcoins have frequently outperformed Bi...

• Aug 07, 2024

Bitcoin, Ethereum, and Solana Surge as Traders Face Choppy Market

Crypto markets have surged—along with other risk-on assets like U.S. stocks—on news that the American economy may be stronger than previously thought. Bitcoin, Ethereum, and Solana have made big gains on Thursday, with smaller-cap digital coins and tokens also jumping significantly. The price of Bitcoin is currently at $59,401, a 24-hour rise of 8%. Ethereum is up even more over the same period and is now priced at $2,576—a 9% day jump, according to CoinGecko data. Solana is now trading hands f...

• Aug 07, 2024

BlackRock Bitcoin ETF Investors Hold the Line as Markets Rebound

As Bitcoin briefly plunged below $50,000 Monday, investors in BlackRock’s spot Bitcoin ETF were among some of the most steadfast investors in the crypto market. Despite Bitcoin’s price falling 10% in the past week, investors in BlackRock’s $19 billion product haven’t flinched, so far. While some spot Bitcoin ETFs have seen millions of dollars in outflows over the past few days, the iShares Bitcoin Trust (IBIT) has held the line. After IBIT flows were flat Monday and Tuesday, the fund saw inflow...

• Aug 07, 2024

The Open Network's TON Token Jumps Over 8% Following Binance Listing

The Open Network's native currency Toncoin (TON) is up by 8.2% on the day, following an announcement that crypto exchange Binance would list the token.  Per data from CoinGecko, TON is currently treading at $6.17, having surged to a peak of $6.41 Thursday morning. However, the token remains down on the week by almost 9%, following Monday's crypto market crash. ? @binance, the world’s largest digital asset exchange, has listed $TON! Users can now trade TON in pairs with BTC, USDT, FDUSD, and TR...

• Aug 07, 2024

Another Trump Meme Coin Has Pumped and Dumped—Here's What Happened

Yet another Trump-themed memecoin has soared and cratered—and no, it isn’t officially tied to the actual Trump family. Yet that’s what people seemed to think of the “Restore the Republic” (RTR) token, whose market capitalization ripped to over $100 million within an hour of its launch on Thursday. As of writing, however, its value has plummeted back to $9.2 million, according to DexScreener, which is a more than 90% reversal. Another Solana-based RTR token launched at roughly the same time and f...

• Aug 07, 2024

Blast Memecoin Pacmoon Migrates to Solana, Rebrands to ARMY

Blast meme coin Pacmoon (PAC) is migrating to Solana, less than four months after launching on the Ethereum layer-2 scaling network. The move will see the token renamed ARMY, as revealed by a promotional Twitter video. As per Pacmoon’s official site, users are encouraged to connect their Blast wallet, enter their Solana address, then burn their PAC tokens in order to be airdropped ARMY tokens—at an exchange rate of 1 PAC for 10 ARMY.  WE ARE MIGRATING TO SOLANA pic.twitter.com/UGoocA1V3U — PACM...

• Aug 07, 2024

OneCoin ‘Cryptoqueen’ Ruja Ignatova’s Assets Frozen by UK Court

London’s High Court has issued a worldwide freeze order for the assets of alleged OneCoin fraudsters, including those of the infamous ‘Cryptoqueen’ Ruja Ignatova. According to an announcement shared with Decrypt, the case—initiated by over 400 victims of the OneCoin Ponzi scheme—resulted in a freeze order on the assets of Ignatova and OneCoin co-founder Sebastian Greenwood, along with Christopher Hamilton, and Robert MacDonald. Hamilton and MacDonald allegedly helped launder the funds on behalf...

• Aug 07, 2024

Solana ETF Approved by Brazilian SEC

Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF). According to local business publication exame, the ETF, created by Brazilian asset manager QR Asset and operated by fund administrator Vortx, is in a pre-operational phase, pending approval by Brazilian stock exchange B3. The ETF will reference the CME CF Solana Dollar Reference Rate, created by CF Benchmarks and the Chicago Mercantile Exchange (CME). Speaking to exame, QR Asset manager and c...

• Aug 07, 2024

Kamala Harris Presidential Odds Tie With Trump’s on Polymarket

Vice President Kamala Harris is now tied with former president Donald Trump at 49% among bettors looking to predict the next occupant of the White House on crypto prediction platform Polymarket. The wager is the single largest betting pool on the site, with over $541 million riding on the contest. The milestone comes the day after Harris announced Minnesota Gov. Tim Walz as her running mate—a development that confounded Polymarket users that had heavily favored Pennsylvania Gov. Josh Shapiro. K...

• Aug 07, 2024

Franklin Templeton’s Blockchain Fund Launches on Ethereum Layer-2 Arbitrum

Global asset manager Franklin Templeton’s blockchain-based money market fund has launched within the Arbitrum ecosystem, as real-world asset (RWA) tokenized funds gain traction among investors. Arbitrum is a popular scaling solution for Ethereum. Franklin Templeton’s Nasdaq-listed OnChain U.S. Government Money Fund, FOBXX, became accessible in digital wallets on the Arbitrum network on Thursday, the firm said in a statement. FOBXX’s launch on Arbitrum is part of its issuer’s efforts to widen acc...