Trump advocates for US leadership in crypto industry
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submitted by /u/0xJonnyDee [link] [comments]
submitted by /u/0xJonnyDee [link] [comments]
The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm for purposes other than its intended use. Farmers caught engaging in […]
Has anyone found an exchange that offers crypto arbitrage bots with flash loans? The volatility in the market makes traditional, collateralized loans a risky proposition for arbitrage. Flash loans seem like a great way to capitalize on price discrepancies across exchanges without locking up capital or facing margin calls. Are there any reputable bots out…
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Following the sudden approval of the Ethereum Spot ETF last week, speculations continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in on the subject giving his thoughts on the possible level of investments the Ethereum spot ETFs could pull in relation to their Bitcoin-based equivalents. Related Reading: Analyst Says Ethereum Spot ETFs Approval Will See “Animal Spirits” Reignite Crypto – What This Means ETH Spot ETF Limited By Ethereum’s Utility And Other Factors – Analyst In an interview session on X on May 24 hosted by Bitwise Chief Investment Officer Matt Hougan, Seyffart stated that the Ether spot ETFs would likely experience a maximum of 25% of the demand seen by the Bitcoin spot ETFs. Seyffart based his predictions on multiple elements starting with enormous differences in market caps between both assets. According to data from CoinMarket, Ethereum’s total market shares are valued at $449.25 billion which is roughly equal to 30% of BTC’s 1.35 trillion market cap. Furthermore, the analyst also highlighted the large disparities in the difference between both ETFs and their base assets. According to Seyffart, there is a bigger gap between Ethereum as an ETF and as a cryptocurrency than Bitcoin as an ETF and as itself. The ETF analyst believes that the ETH spot ETFs will limit investors from native ETF features such as staking, a prominent source of passive income, and other on-chain use cases in terms of DeFi, NFTs, DAOs, etc. Thus, certain investors might prefer to invest directly in the altcoin. With all these factors in consideration, Seyffart predicts these novel investment funds will produce “big launches” but not at the level of the Bitcoin spot ETFs. He predicts the Ethereum Spot ETFs will record between 20-25% of investments in their Bitcoin-based peers once trading commences. Meanwhile, fellow Bloomberg analyst Eric Balchunas appears less optimistic with a projection of 15-20%. Undoubtedly, the performance of the Ethereum spot ETFs will be influential on other crypto spot ETFs that may gain approval from the US Securities and Exchange Commission. Currently, the XRP ETF is tipped by many enthusiasts as the next debutant in the market but this is still subject to many factors, most especially regulatory clarity on the institutional sales of XRP. Ethereum Price Overview In other news, Ethereum is trading at $3,766 with a 0.51% gain in the last day. This slight positive performance underscores Ethereum’s form all week with a combined 20.47% gain recorded in the last seven days. Meanwhile, ETH’s daily trading volume is down by 51.27% and is valued at $10.03 billion. Related Reading: Post-Ethereum ETF Analysis: ETH Price Seeks Bottom As Bulls Eye $5,000 Target Featured image from BitMEX, chart from Tradingview
The recent surge in transactional activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity.
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https://preview.redd.it/nspn1o13up2d1.jpg?width=1438&format=pjpg&auto=webp&s=9bb40dbc0e47fbced446355a16b4dcb3b82ea4ef BOLD is a new dispute protocol for Optimistic Rollups that can enable permissionless validation for Arbitrum chains. BOLD stands for Bounded Liquidity Delay and is currently deployed on a public testnet for anyone to join and test how challenges will work. This next-generation dispute protocol technology will soon be available for any Arbitrum chain,…
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Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […]