The recent surge in crypto ETF filings has led to 21Shares expressing interest in launching a spot Polkadot ETF, highlighting significant market movements. This ETF proposal adds to the evolving
Microstrategy is doubling down on bitcoin, raising over $563 million through preferred stock. With 423,650 BTC already, Saylor envisions a $13 million price future. Microstrategy’s Latest Funding Play Sets Up Its Next Big Bitcoin Move Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) has announced the pricing of 7.3 million shares of its 8.00% Series A
THE OFFICIALMAGACOIN is rapidly emerging as the most promising token of 2025 amidst Bitcoin (BTC), Solana (SOL), and Ethereum (ETH). Having raised $1 million in minutes during its presale, it has captured the attention of investors and insiders alike. As interest in crypto grows, THE OFFICIALMAGACOIN is leading the way with unparalleled momentum and profit potential. Why Investors Are Choosing THE OFFICIALMAGACOIN 1. Record-Breaking Demand Raising $1 million within minutes, THE OFFICIALMAGACOIN has solidified its reputation as a high-demand asset. This overwhelming interest highlights its potential for exponential growth. 2. Scarcity Meets Exclusivity With a capped supply of 100 billion tokens, THE OFFICIALMAGACOIN ensures scarcity while offering tokens exclusively at OFFICIALMAGACOIN . This combination drives value and creates urgency among investors. 3. Proven Momentum Crypto insiders recognize the unique trajectory of THE OFFICIALMAGACOIN, which has outpaced the early adoption rates of MATIC, APT, and SEI. Its presale success confirms its position as a market leader. How It Stands Out Against Competitors Bitcoin (BTC): A leader in market value, but its growth is slower compared to this rising star. Solana (SOL): Known for speed, but it hasn’t achieved the exclusive appeal of THE OFFICIALMAGACOIN. Ethereum (ETH): A DeFi giant, but its growth potential can’t match this new token. XRP: A strong contender in payments, but it lacks the explosive opportunity provided by THE OFFICIALMAGACOIN. Don’t Miss Out—Secure Your Share Today Crypto insiders are betting big on THE OFFICIALMAGACOIN for a reason. With its unmatched demand, limited supply, and exclusive access, this token is set to dominate the market. Get your tokens now, exclusively at OFFICIALMAGACOIN.COM Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: Fed’s Interest Rate Decision Shocks Investors—What It Means for OFFICIALMAGACOIN!
During Friday’s U.S. trading session, the crypto market witnessed a slight downtick as Bitcoin teased another breakdown below…
Buterin emphasizes a low allocation to Bitcoin in favor of Ethereum. Ethereum's price surged following his strategic comments and investor activity. Continue Reading: Vitalik Buterin Reveals His Crypto Portfolio Strategy and Bitcoin Insights The post Vitalik Buterin Reveals His Crypto Portfolio Strategy and Bitcoin Insights appeared first on COINTURK NEWS .
Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Elizabeth Warren (D-Mass.) and Jack Reed (D-R.I.) say the lenders have increased the interest rates they charge borrowers while keeping the rates they pay to savings accounts low. “Deposit rates for savers always lag behind the federal funds rate, but this gap is larger for customers of big banks than for regional and community banks.” Warren and Reed are both members of the Senate Committee on Banking, Housing, and Urban Affairs. According to the senators, the seven banks made record profits of $1 trillion in 2023 by “charging borrowers more, paying savers a little, and pocketing interest paid by the Federal Reserve.” Warren and Reed say that the CEOs of the seven mega banks have not kept their word after testifying before the US Senate three years ago that they would increase interest rates for savers. On the CEO of the largest US lender by assets, Jamie Dimon, the two senators say, “When the Federal Reserve began raising the federal funds rate in March 2022, JPMC was very quick to increase the interest rates that it charged borrowers for mortgages, auto loans, and credit cards. In September 2022, you [Dimon] testified before the Senate Banking Committee that you expected to also increase the rates that JPMC pays savers—albeit at a slower pace. At that time, JPMC was charging 6.98% for a mortgage, and 18% to 27% for a credit card, while paying its customers .01% on a demand deposit account. But two years later and despite your testimony, JPMC’s interest rates have not budged. While the interest rate that JPMC earns on the balances that it maintains in its own accounts at the Federal Reserve has risen from 3.15% to 4.4%, JPMC’s customers continue to earn a negligible 0.01% on their savings.” The two US senators also accuse the heads of Wells Fargo, Bank of America and Truist of keeping the interest rates their savings account holders earn at “negligible 0.01%” despite the lenders generating between 3.15% to 4.4% on their Federal Reserve balances. The CEOs of PNC, Citi and US Bank are also accused of keeping interest rates on savings accounts at 0.02%, 0.03% and 0.05%, respectively, while generating more than three-hundredfold from their bank balances with the Fed. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts appeared first on The Daily Hodl .
A subsidiary of the New York Stock Exchange wants to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change. Grayscale, a crypto asset manager, believes converting the trust into an ETF “would provide other investors with a way to invest in XRP on a regulated national securities exchange,” according to NYSE Arca’s filing. The XRP trust has nearly $16.2 million worth of assets under management (AUM) at time of writing. Grayscale isn’t the first firm to make a bid for an XRP ETF: Bitwise Asset Management, the largest digital asset index fund manager in the US, filed an initial registration statement for the product in October, and the crypto ETF provider 21Shares followed suit in November. The SEC greenlit the first spot market Bitcoin ( BTC ) ETFs last January, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ( ETH ) ETFs for trading in July, and multiple firms, including 21Shares, applied for Solana ( SOL ) exchange-traded products over the summer. Grayscale filed in December to convert its Solana Trust into a spot ETF. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post New York Stock Exchange Files with SEC To Convert Grayscale’s XRP Trust Into Spot Exchange-Traded Fund appeared first on The Daily Hodl .
The post Experts Flash Buy Signal for PEPE as It Outperforms BTC and ETH appeared first on Coinpedia Fintech News In this ongoing market uncertainty, Pepe (PEPE), the popular crypto meme coin, is outperforming major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Amid this, a prominent crypto expert made a post on X (previously Twitter) and shared a buy signal for the meme coin. Buy Signal For PEPE In a post on X, the expert noted that a technical indicator named TD Sequential flashed a buy signal for the PEPE meme coin and also hinted that the price could rebound when applied to the 3-day chart. The TD Sequential indicator presents a buy signal on the $PEPE 3-day chart, anticipating a price rebound! pic.twitter.com/PmISW9L6iG — Ali (@ali_charts) January 31, 2025 However, this post on X gained widespread attention from the crypto community, and long-term holders and investors were found accumulating the token, as reported by the on-chain analytics firm CoinGlass . $9 Million Worth of PEPE Outflow: A Sign of Accumulation? Data from the spot inflow/outflow revealed that exchanges have witnessed an outflow of a significant $9 million worth of PEPE meme coin. This substantial outflow signals potential accumulation by long-term holders, which can create notable buying pressure and fuel a further upside rally that the meme coin is currently experiencing. PEPE is currently trading near $0.00001387 and has witnessed a price surge of over 8.15% in the past 24 hours. During the same period, its trading volume jumped by 90%, suggesting immense participation from traders and investors compared to previous days. Major Liquidation Areas Looking at the data, it appears that the bulls are the ones currently dominating the meme coin, as they seem to be strongly betting on the long side. Source: Coinglass According to on-chain data, the major liquidation area is near $0.00001359, where bulls are over-leveraged and currently hold $2.50 million worth of long positions. Conversely, $0.00001405 is another key level where short sellers, with $1 million in over-leveraged positions, could be liquidated if the price reaches this level. When combining these on-chain metrics, it appears that bulls are strongly dominating the asset, and $0.00001405 is a minor resistance level that could soon be breached, opening the path for further upside momentum.
Bitcoin has recently faced a slowdown in its upward trajectory after reaching over $105,000 earlier this week. The cryptocurrency had shown signs of a potential breakout, but key indicators have come into focus as the market evaluates its next move. The latest insights from analysts have raised questions about whether Bitcoin’s market momentum can overcome the resistance level at $108,000, its previous all-time high. Related Reading: MVRV Ratio Reveals Bitcoin’s Market Position Amid Short-Term Selling Pressure Analyzing Bitcoin’s Market Indicators Amid the price performance from BTC, CryptoQuant analyst ShayanBTC has provided insights on the challenges and possibilities ahead for Bitcoin. Shayan noted that despite Bitcoin’s recent price increases, the funding rates—a critical on-chain indicator—have started to decline. This bearish divergence suggests that demand in perpetual markets may be weakening, casting doubt on whether the current bullish momentum is sufficient to push Bitcoin above its all-time high. Particularly, one of the primary hurdles for Bitcoin’s price to surpass $108,000 is the lack of strong market enthusiasm, as reflected in the funding rates. According to Shayan, typically, rising funding rates indicate an increase in long positions and market optimism. However, the current decline in these rates signals that traders are hesitant to bet on further price increases. Shayan emphasized that without a significant boost in optimism and a greater influx of long positions, Bitcoin’s resistance at $108,000 could hold firm, potentially leading to a consolidation phase or even a temporary price rejection. The analyst wrote: For Bitcoin to decisively breach $108K, the funding rates must rise further, signaling an increase in optimism and a greater influx of long positions. Without this market-wide enthusiasm, the resistance at $108K could hold, leading to potential consolidation or a temporary rejection. Indication from Long-Term Holders Metric On the other hand, long-term holders—investors who have maintained their Bitcoin holdings for seven years or more—have shown no inclination to sell their assets. Another CryptoQuant analyst reporting this in a post on the QuickTake platform noted: Holders who have held bitcoin for seven years or more sold some of their holdings before the end of the previous bull market. Long-term bitcoin holders have not yet moved their holdings to exchanges. This behavior highlights a trend seen in previous market cycles: long-term holders often remain resilient through price fluctuations, providing a steady base of support for the cryptocurrency. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target The decision of these holders to keep their Bitcoin off exchanges suggests confidence in the asset’s long-term value, even as short-term market sentiment fluctuates. Featured image created with DALL-E, Chart from TradingView
Following its previous successes with Bitcoin and Ethereum ETFs, asset manager Purpose Investments filed a preliminary prospectus with Canadian securities regulators on Thursday. The filing intended to launch what would become the world’s first XRP ETF in Canada and provide investors with a regulated opportunity for long-term exposure to XRP and potential capital gains. If approved, the new product would operate as a spot XRP ETF, offering a regulated method for securing long-term exposure to XRP alongside the possibility of benefiting from its capital appreciation. Spot Ripple ETF on the Horizon? Purpose Investments Aims for Another First In an official statement issued on Thursday, the firm underscored its determination to replicate the successes of its Bitcoin and Ethereum ETFs by introducing the first spot XRP ETF. Purpose Investments, recognized for launching the inaugural spot Bitcoin and Ethereum ETFs on the Toronto Stock Exchange in 2021, now seeks to extend similar long-term exposure opportunities to XRP. Innovation drives the future of digital asset investing. We’re proud to file a preliminary prospectus for the world’s first Ripple (XRP) ETF – expanding access to regulated, institutional-grade crypto exposure. Learn more: https://t.co/x39gjnQcVb pic.twitter.com/PXpwO4mE1q — Purpose Investments (@PurposeInvest) January 30, 2025 The proposed ETF planned to invest nearly all of its assets in long-term holdings of XRP. Purpose Investments founder and CEO Som Seif stressed the firm’s commitment to innovation and to bridging the gap between traditional finance and decentralized finance. “At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance,” Seif said. “As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework,” he added. While XRP exchange-traded products (ETPs) had been available across various global markets, the launch of a spot XRP ETF in Canada would represent a major development in providing regulated access to the asset. Meanwhile, several asset management firms filed applications with the U.S. Securities and Exchange Commission (SEC) to launch comparable products, although those filings remain under regulatory review. Rising Applications Amid U.S. Regulatory Shifts and Price Rally Applications for crypto exchange-traded funds (ETFs) had increased following the reelection of President Donald Trump and the resignation of SEC Chair Gary Gensler. @WisdomTreeFunds has filed a Form S-1 registration statement with the @SECGov for a spot XRP ETF. #XRP #Ripple #XRPETF https://t.co/lLCj5OmRoB — Cryptonews.com (@cryptonews) December 2, 2024 Several asset managers, including Grayscale, CoinShares, Bitwise , WisdomTree , and 21Shares, filed for XRP ETFs in the United States as recent regulatory shifts encourage issuers to move forward with their filings. Other cryptocurrencies, such as Solana, Litecoin , and Dogecoin, also attracted spot ETF applications. The SEC was expected to render preliminary decisions on these filings by the end of January; Grayscale’s XRP ETF application carried a deadline of January 23, while other applicants awaited decisions by January 25. Leadership changes at the SEC accelerated these developments, as market participants anticipated a more favorable regulatory stance on crypto-based investment products. Purpose Investments, which had introduced the world’s first Bitcoin ETF in Canada in 2021, had paved the way for institutional access to crypto. In contrast, U.S. asset managers had to wait until January 2024 for SEC approval of spot Bitcoin ETFs, which have since amassed over $121 billion in assets. XRP’s price surged to $3.20 on January 15—its highest level since 2018—before retracing to $3.09 on January 31 and marking a 31% gain for the month. The rally occurred despite the SEC’s appeal against a July 2023 ruling that determined XRP sales to retail investors were not unregistered securities. Market observers suggest that an approved XRP ETF could attract between $3 billion and $6 billion in net new investments, assuming adoption rates similar to those of Ethereum ETFs. The post Purpose Investments to Launch Canada’s First XRP ETF appeared first on Cryptonews .