Chain News by Thebittimes.Com

By SoSoValue On July 23, 2024, the U.S. Ethereum Spot ETF officially began trading, exactly 10 years after Ethereum’s first Initial Coin Offering (ICO) on July 22, 2014. Whether this significant date was chosen intentionally or coincidentally, this event holds epic significance for the sustainable development of the entire crypto world. It marks an important step for POS public chains entering the mainstream financial world, which will inevitably attract more builders to join the Ethereum ecosystem. Additionally, it paves the way for other crypto infrastructure like Solana to enter the mainstream, holding substantive significance for the popularization of blockchain ecosystems. On the other hand, since the Ethereum ETF is not allowed to stake from a regulatory perspective, investors holding ETFs will miss out on the 3%-5% staking yield (risk-free rate in the Ethereum world) compared to directly holding Ethereum tokens. Furthermore, the public’s understanding of Ethereum is relatively l...

As the meme coin sector matures, there’s an increasing emphasis on utility and long-term sustainability. Projects strive to offer more than just speculative value, incorporating Features like staking, governance, and real-world use cases to ensure longevity in the competitive crypto market. Community engagement remains a crucial factor in meme coin success. To maintain user interest, many projects incorporate governance mechanisms, play-to-earn Features , and social media campaigns. The integration of meme coins into Decentralized Finance (DeFi) platforms has also expanded, offering staking and yield farming opportunities.  Top Trending Meme Coins To Buy Now  Hawk Tuah is a Solana-powered meme coin, and with a recent 42.57% price jump, it is attracting investors’ attention. Pepe’s hopping back into the spotlight, giving those dog coins a run for their money. With no presale, no taxes, and just pure meme power, Pepe’s looking mighty tempting.  ...

The Ethena price surged 10% in the last 24 hours to trade at $0.48 as of 03:51 a.m. EST on trading volume that skyrocketed 84% to $193 million. This comes after spot Ethereum ETF (exchange-traded funds) products debuted in the US to robust investor interest, sucking in $107 million in net inflows. Meanwhile, Ethena has announced plans to allocate a portion of its $235 million USDT stablecoin collateral and $45 million surplus reserve into yield-generating real-world asset (RWA) offerings. The move is seen as a means to diversify its investment portfolio and enhance returns for its investors. From July 20, the price of Ethena went through a retrace to find support at around $0.42, according to data from GeckoTerminal . After the ETH ETFs debuted, ERC-20 tokens have seen massive gains, with ENA soaring from the $0.42 support to climb up, forming a rounding bottom pattern on the last day. Ethena Price To Continue Surging Over The Rounding Bottom ENAUSD Chart Analysis Source...

The market for cryptocurrencies is humming with hope because the recent climb of Bitcoin and the launch of Ethereum ETFs today is seen to create a positive wave. In this bustling environment, Cosmos (ATOM) is one cryptocurrency that shows great potential for a big break-through. Related Reading Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst 13 hours ago Although ATOM has stayed somewhat steady, with a little rise of 1.23% over the previous week and a drop of 4% over the last 30 days, experts feel it is about ready for a significant climb. ATOM’s market position is notable at its current value of $6.23, with a market value of $2.50 billion and a 24-hour trade volume of $235 million. Despite a 0.54% retreat over the last 24 hours, the market seems to be in a good mood right now, making it a good time for ATOM t...

In recent days, XRP has shown signs of a possible breakout after months of consolidation, with investors hoping the token will establish its valuation above the $0.60 mark. In this regard, several on-chain data points suggest that investors might be anticipating a possible XRP rally following recent price movements. Particularly, data shared by crypto analyst Ali Martinez in an X post on July 23 indicates that XRP has sustained increased whale transactions over the past week. Notably, whale s have purchased over 140 million XRP tokens, valued at approximately $84 million. Picks for you Here are Solana's key support and resistance levels to watch  10 mins ago Kai Cenat's net worth 2024: How rich is the popular Twitch streamer and...

Bitcoin price remained below the $68,500 resistance zone. BTC is consolidating its gains and might aim for a fresh upward move in the near term. Bitcoin started a consolidation phase below the $68,500 resistance zone. The price is trading above $66,800 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $62,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains and trade above the $68,500 resistance zone. Bitcoin Price Holds Gains Above $67K Bitcoin price extended its increase above the $66,500 and $67,000 resistance levels. BTC even spiked above the $68,000 level before the bears appeared. It seems like the bears are active near the $68,500 level. The recent high was formed near $68,240 and the price is slowly moving lower. There was a move below the $67,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $66,600 swing low to the ...