The U.S. Securities and Exchange Commission (SEC) has approved two new cryptocurrency exchange-traded funds (ETFs) offered by Canary Capital. This gives investors access to new digital assets beyond Bitcoin and Ethereum. The approved Litecoin ETF and Hedera ETF began trading on the Nasdaq exchange today. Steven McClurg, founder and CEO of Canary Capital, told Scarlet
The cryptocurrency market experienced a sharp decline in the last hour. Experts attribute this sudden drop to long position liquidations. A slight correction resulting from high leverage accumulation triggered chain liquidations. According to the data, a total of $208.33 million worth of positions were liquidated in the last hour alone, with $152.65 million coming from
Wall Street was upbeat Tuesday, with Dow Jones Industrial Average rising more than 150 points and S&P 500 and Nasdaq jumping to record highs as Nvidia and a Microsoft-OpenAI deal boosted US stocks. Summary US stocks popped to all-time peaks as investors positioned ahead of October Federal Reserve interest rate decision. S&P 500 hit new
Although some Bitcoin bulls refer to BTC as digital gold, physical precious metals may be a good way to predict Bitcoin’s future price movements. One Bitcoin trader brought up the BTC/Gold Mayer Multiple when explaining their bullishness toward crypto. The Mayer Multiple’s History The multiple compares the Bitcoin to gold ratio against its 200-day moving
Donald Trump’s administration has made its support for stablecoins explicit, and the two largest, USDC issued by Circle and USDT issued by Tether, have seen their market capitalizations increase. In absolute terms, USDT has seen a larger increase, growing from approximately $138 billion to around $183 billion. This compares favorably to USDC, which has grown
Sentora, the on-chain research shop, grabbed attention today when it tweeted that “US entities hold 73% of global crypto treasury value, showing the country’s dominance in the institutional crypto space.” That huge figure, shared as part of the firm’s ongoing crypto treasury coverage, spotlights how concentrated institutional crypto reserves have become around American organizations. The
Oracle has announced the upcoming launch of Digital Assets Data Nexus, an enterprise-grade platform aimed at helping banks and financial institutions to tap into crypto and asset tokenization. Summary Oracle announces launch of Digital Assets Data Nexus The new platform targets banks and other financial institutions looking to leverage digital assets and tokenization. Official launch
It’s been an up and down month of October for Bitcoin traders and investors, despite the seasonal promise of “Uptober” gains. Historically, October has been good for Bitcoin holders, posting a green month 10 out of the last 12 years and delivering average gains of more than 20%. At the moment, Bitcoin stands at a
Bitcoin price rose suddenly on Tuesday, Oct. 28, hitting a high of $116,200 as traders waited for the upcoming interest rate decision and Trump’s meeting with Xi Jinping. Summary Bitcoin price jumped to $116,200 as hopes of a Fed cut rose. The US published weak consumer confidence report. Amazon and UPS announced large-scale layoffs. Bitcoin
A leading Bitcoin (BTC) holder and advocate, Michael Saylor, has again sparked conversation on the true essence of acquiring the asset. In a post on X, Saylor referenced his post from exactly five years ago when he declared his personal Bitcoin holdings. Michael Saylor’s $175 million Bitcoin bet now over $2 billion Notably, Saylor emphatically