SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190.
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Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension.
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A cat video filmed 20 years ago by former YouTube chief technology officer Steve Chen is now the basis for a memecoin with a market capitalization of more than $20 million.
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With the spot ETH ETFs approved, traders are confident that Ethereum price is ready to rally well above $4,000.
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Recent on-chain data indicates a gigantic shift in the Bitcoin market, with activity by retail investors rising on the network—something that classically signals the start of a bull run. Since the first week of May, smaller transactions keep on outperforming bigger institutional moves, with retail interest pushing Bitcoin above higher highs. With this, on the day, the price movements were wild, retail transactions peaked with a record price of $71,400.
Data from Glassnode as of May 26 shows that activity by smaller entities proved strong even after a correction to $68,500. This resilient retail demand means strong grassroots support for Bitcoin’s uptrend. Conversely, institutional activity, while increasing, is not higher compared to that of retail investors, meaning market volatility mainly comes from smaller and hence more reactive market players.
It has been the case for involvement of big institutions with respect to the underlying growth in the market. This is further facilitated by the increase in accessibility of spot Bitcoin ETFs in the US. This mixture of eager retail participation and steady institutional investment makes the market landscape a dynamic one, promising more volatility and potential gains.
Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.
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Chase Oliver’s proposed running mate has a strong anti-CBDC platform, but the 38-year-old Libertarian Party nominee seems to have been largely silent on crypto.
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The Gopax exchange reportedly owes 100 billion Korean won in unreturned user staking deposits.
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According to the on-chain sleuth, CAT memecoin creators hacked crypto influencer GCR to manipulate some coin prices.
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Worldwide, Bitcoin ETFs now manage more than 1 million BTC of the total cryptocurrency supply, almost totaling 5%. This milestone, taken from bold.report on May 23, demonstrates increasing investor confidence in crypto as an asset class. In the lead are Grayscale with its GBTC and BlackRock’s IBIT, which have 293,000 BTC and 284,526 BTC under management, respectively—an outcome built in a stable manner by the former.
BTCetc from Germany and Sweden’s One have under management significant amounts, which showcases how international interest continues to be strong and closer to 55 thousand BTC, hinting at robust European market activity. Currently, Brazil’s HASH11 shows the growing market representation in Latin America, with more than 7,900 BTC under its management. The recent crypto in Hong Kong ones is relatively modest since, at the moment, only 5,789 BTC are under management. Meanwhile, emerging market exposure in Bitcoin ETFs continues to drive the crypto industry, increasing mainstream finance opportunities.