Bitcoin and ethereum exchange-traded funds (ETFs) had a smashing day on Tuesday, gobbling up a collective total of $ 638.69 million in positive inflows. $ 639M Inflows Propel Bitcoin and Ethereum Funds U.S. crypto ETFs were on fire Tuesday with spot BTC ETFs hauling in $ 493.95 million and the ETH ETFs …
Tether’s Market Cap Taps $140B as Stablecoin Dominates Crypto Trading
The market valuation of tether (USDT) has now ballooned to a staggering $ 140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $ 3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins …
NFT Buyers Vanish, but Sales Spike: Ethereum Dominates $224M Week
Over the past week, non-fungible token (NFT) sales grew by 16.27% compared to the previous week, totaling $ 224.41 million across 22 different blockchains. Pudgy Penguins Lead NFT Charge, BNB Chain and Blast Show Growth Between Dec. 7 and Dec. 14, NFT sales climbed 16.27%, hitting $ 224.41 million. Ethereum led the charge …
Harris Leads in Debate Betting, But Trump Dominates Swing States, Polymarket Shows
A wager valued at $ 155K on the prediction platform Polymarket is betting on Vice President Kamala Harris emerging victorious in Tuesday’s debate against former President Donald Trump. According to the latest polls, Harris holds a commanding 76% chance of winning, with the data being updated as of 2 p.m. EDT on Monday. Polymarket’s …
Single Entity Risk Questioned as Coinbase Dominates ETH and BTC ETF Reserve Storage
The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it holds assets for ten out of 11 spot bitcoin ETFs and eight out of nine ether ETFs. Gabor Gurbacs, founder of Pointsville and former strategy […]