Grayscale has taken its first official step toward launching a Cardano (ADA) exchange-traded fund (ETF), registering the Grayscale Cardano Trust in Delaware. The legal filing marks the start of the process, and an approval from the SEC could draw interest from both institutional and retail investors who value the cryptocurrency’s scalable and sustainable blockchain technology. Cardano Moves Closer To ETF Launch As Grayscale Expands Portfolio On Tuesday, Grayscale officially filed to establish the Grayscale Cardano (ADA) Trust ETF as a statutory trust. Following the public filing, Cardano surged to an over five-month high of more than 15% to $0.987 on…
Author: ₿e Proud
Investors once saw Canadian AI startup Cohere as a promising contender to challenge OpenAI and Anthropic in the race to build frontier AI models, with its backers pouring roughly $1 billion on their bet on CEO Aidan Gomez, who co-authored a seminal paper on LLMs when he was a 20-year-old Google intern. But Cohere’s AI models have fallen behind the state-of-the-art, and its business hasn’t scaled like its competitors. Now, the company is bringing in a veteran research leader to revamp its AI efforts: Cohere has hired Joelle Pineau, Meta’s former VP of AI research who previously oversaw the tech…
An XRPL validator operating under the name Grapedrop, or Grape, has published data that he claims shows patterns of trading activity manipulation capable of influencing the price of XRP. The data, which was first posted on the social media platform X, includes screenshots from the XRPL Console and examples of live transactions, forming what the validator described as a clear on-ledger footprint of unusually large and repetitive transfers between exchange addresses. Validator Alleges Wash Trading Patterns On The XRP Ledger Out of roughly 1,000 XRPL nodes in existence, about 150 to 170 are active validators, and Grape’s node is one…
After an incredible rally that placed Ethereum on the path to new and greatest possible history, Altcoin is now facing something that could hinder new passes. This results in the CME gap formed along the way, and historically, CME gaps tend to be filled before there is a bullish continuation. In this case, the CME gap is almost 15% below the current price, which could mean that ETH is crashing. CME Gap is waiting for $4,080 Crypto analysts point out that Ethereum prices could be facing heavy resistance after combining to levels not seen since 2021. There is also the…
Key Takeaways Bitpanda has launched in the UK, offering over 600 crypto assets including Bitcoin and Ethereum. Bitpanda has partnered with Arsenal FC as their Official Crypto Trading Partner to boost digital asset awareness. Share this article Vienna-based crypto asset platform Bitpanda has launched its services in the UK market, offering British investors access to more than 600 crypto assets, including Bitcoin, Ethereum, stablecoins, and other tokens, the companies announced on Thursday.The platform serves over 7 million users in Europe and is licensed in multiple jurisdictions outside the UK, offering institutional-grade infrastructure along with curated crypto indices, market analysis, and…
Bitcoin hit a new all-time high today, crossing the $124K mark for the first time and sparking speculation of yet another explosive rally, potentially the kind we last saw in late 2023. To get a clearer picture of what’s ahead, we turned to ChatGPT, which believes the $250K milestone could arrive sooner than many expect. According to ChatGPT, the biggest driver for this lofty Bitcoin price prediction is a strong technical setup. As shown in the chart below, the blue box highlights a key range defined by multiple touches on the top side. Bitcoin’s price on TradingView, analyzed by ChatGPT.…
Google Trends and market trackers show a fresh wave of interest in altcoins as Bitcoin’s share of the market slips. Searches for altcoins have jumped, while Bitcoin dominance has dropped by 6% — from about 65% to nearly 60% — over the last two months. Traders and small investors are shifting attention to coins beyond Bitcoin, and prices are following that attention. Altcoin Interest Surges According to reported search data and market figures, several major altcoins moved sharply higher this week. Ethereum climbed roughly 28% over the past seven days and was trading at about $4,650 at press time. That…
Dogecoin ($DOGE) has broken through the key $0.24 resistance, snapping a multi-week stalemate and leaving short-sellers scrambling. The move has reignited bullish sentiment across the meme coin space, with Shiba Inu ($SHIB) now threatening to push toward the $0.00002 mark after its own technical breakout. Solana ($SOL) has joined the party too, rocketing past $200 in a rally backed by strong trading volume and massive open interest. With the dog-coin sector surging and liquidity flowing back into high-risk, high-reward crypto plays, fresh entrants like Maxi Doge ($MAXI) are positioning themselves to ride this renewed wave of hype and speculation. Here’s…
Key Takeaways Bitcoin reached a new all-time high of $124,000. Other crypto assets have also surged, with Ethereum trading above $4,700, just 3% below its November 2021 record. Share this article Bitcoin reached a fresh all-time high on Wednesday evening, surpassing $124,000 for the first time after topping the previous $123,000 record set last month.Bitcoin’s value rally has lifted it above Alphabet and Amazon, restoring its rank as the fifth-largest asset by market capitalization, according to CompaniesMarketCap.Data from TradingView shows that the world’s largest crypto asset currently hovers around $123,591, representing a 7% increase in the last seven days.The latest…
The Bitcoin dominance has now fallen below 60% for the first time in six months. But despite altcoins moving to grab more market share, this high dominance has remained a hindrance for the altcoin market. Given this, the Bitcoin dominance is expected to continue to determine where the crypto market will be headed from here, and by extension, when the altcoin season will begin. How Bitcoin Dominance Is Driving The Market As the crypto market struggles to find its footing in an ever-changing macro landscape, Bitcoin’s dominance continues to put pressure on the broader altcoin market. Crypto analyst Luca points this out…