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Ethereum News

Three ETF products lose $79.4 million as Ethereum ETFs pull in only $2.5 million 

Three out of the nine existing Ethereum ETF products recorded an outflow of $79.4 million yesterday draining the Ethereum ETFs.  The Ether ETFs were left with a balance sheet of $2.5 million following the significant outflows from the three ETF products.  Farside Investors UK revealed that Grayscale’s ETHE, Grayscale’s ETH, and Bitwise's ETHW recorded outflows…
December 19, 20240Comments

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News Press Release

Federal Reserve Cuts Rates by 25 Basis Points, Boosting Market Hopes

Federal Reserve Cuts Rates by 25 Basis Points, Boosting Market Hopes The Federal Reserve has officially reduced interest rates by 25 basis points, a move in line with market expectations. This rate cut is largely seen as a boost to markets, providing additional liquidity that could support risk-sensitive assets like cryptocurrencies. However, experts caution that…
December 19, 20240Comments

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Bitcoin

Bitcoin Projected to Reach $1 Million by 2027, New Academic Study Predicts

An academic study forecasts Bitcoin could exceed $1 million by 2027, driven by institutional adoption, limited supply, and halving events. Here is the summary below: Bitcoin’s price could hit $1 million by January 2027, driven by institutional adoption and supply constraints. Halving events and liquid supply shortages are major catalysts for price surges. Multiple scenarios…
December 18, 20240Comments

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Ethereum News

Spot Ethereum ETFs record no outflows for the day pulling in $144 million 

The nine-spot ethereum ETFs surprisingly recorded no outflows for the day while pulling in a commendable $144 million.  The $144 million pulled in by the Ethereum ETFs is an encouraging figure compared to yesterday's $51 million.  Farside Investors UK data revealed that Blackrock’s ETHA recorded the highest inflow for the day pulling in $134 million. …
December 18, 20240Comments

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Bitcoin News

IBIT pulls in $741 million recording highest inflow in two weeks amid new BTC all-time high

Blackrock’s Ishares Bitcoin Trust ETF (IBIT) pulled in a record $741 million yesterday, the highest inflow recorded by the leading Bitcoin ETF in two weeks.  This came amid Bitcoin hitting a new all-time high of $108,135 yesterday. The crypto asset continues to react to bullish developments surrounding a possible strategic Bitcoin reserve in the United…
December 18, 20240Comments

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News

NiceHash Relocates to Switzerland for Regulatory Compliance

NiceHash, a leading cryptocurrency mining platform, has announced its relocation from the British Virgin Islands to Zug, Switzerland. The move, which began in November, is expected to conclude by mid-December, positioning the company within Switzerland's robust regulatory environment. Notably, the decision aligns with NiceHash’s commitment to comply with the European Union’s upcoming Markets in Crypto-Assets…
December 18, 20240Comments

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