The post Israel Joins the Bitcoin Boom with Six Mutual Funds: What’s Next? appeared first on Coinpedia Fintech News Bitcoin touched its first ATH after ETF approval and in December it exceeded everyone’s expectations by hitting $100K though the market saw a sharp decline last week. The bulls have not lost hope Bitcoin stood right up and touched $98K today. Israel is stepping into the crypto spotlight with the launch of six Bitcoin mutual funds on December 31. These funds, approved by the Israel Securities Authority (ISA) last week, aim to provide regulated access to Bitcoin investments, reflecting the nation’s growing interest in the digital asset market. Is it a Santa rally effect? let’s understand the market scene in Israel. Key Details About the Funds The timing seems to be right as Bitcoin will see a massive jump despite some short-term losses in between next year. The mutual funds, offered by prominent firms like Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI, will initially trade once a day, with management fees ranging from 0.25% to 1.5%. Notably, one fund will be actively managed, aiming to outperform Bitcoin’s market performance. Global Context and Impact This move comes nearly a year after the U.S. SEC approved spot Bitcoin ETFs, which have since attracted $35.6 billion in investments. The ISA’s decision aligns with global trends, such as South Korea’s surging trading volumes and Turkey’s strict anti-money laundering steps, signaling a maturing crypto market. With Bitcoin prices doubling over the past year and institutional demand surging, Israel’s entry into the Bitcoin fund market highlights the growing acceptance of crypto as a mainstream investment. This development further cements the global momentum toward regulated and accessible digital asset products. Bitcoin Current Market Snapshot Bitcoin is currently testing resistance near $101,000, with a potential pullback to $69,000 as key support. Historical trends show post-Christmas rallies aligning with halving cycles, often driving significant price surges. Long-term targets from technical patterns suggest Bitcoin could reach $150,000 and even $250,000 if the bullish structure holds. However, short-term movements depend on breaking resistance and defending critical support levels. Bitcoin’s pullback shows that the market is maturing no matter what comes on the way. Israel is taking this slowdown as a strategy to tap the crypto adoption in the region with a safe plan of mutual funds instead of ETFs. However, to raise their crypto plans in the future they have to approve ETFs as it is the only way to bring fresh capital into the system.
The post Shiba Inu Metaverse Went Live On Christmas appeared first on Coinpedia Fintech News If you’re into Shiba Inu and all things virtual, here’s exciting news for you. As a Christmas gift, the team has finally launched Shiba Inu Metaverse. It’s not just an ordinary release. This platform is meant to change the way we interact online. After months of waiting, users now get early access to this new virtual world powered by Shibarium. What is the Shiba Inu Metaverse? SHIB: The Metaverse is more than a virtual hangout. It’s a space where you can own digital land, create personalized avatars, and even host events. Everything runs on Shibarium, a fast and efficient blockchain made for scalability. The idea is simple—bring people together in one immersive space where they can connect and create freely. The wait is OVER! Shib: The Metaverse early access is here! Own land, build your world, and explore boundless adventures. This is your moment to create and thrive. Download now https://t.co/fInAGt7vf2 pic.twitter.com/N4j0RTzTxb — Shib – The Metaverse (@mvshib) December 24, 2024 But what’s really cool is the focus on creativity. Imagine designing your own land. Want a park? A gallery? Or maybe something no one has ever thought of? It’s all up to you. The avatars let you show off your personality too, making the experience feel personal and fun. And this isn’t just a platform for fun. It’s also pushing boundaries. By mixing real-life engagement with virtual experiences, it feels like the future of online interaction is happening right now. A Big Vision Inspired by Bold Ideas The team behind Shiba Inu Metaverse didn’t just wake up and decide to build this. They looked at game-changing ideas from companies like Netflix and Apple. Remember when Netflix switched from DVDs to streaming? Or when the iPhone became a game-changer? That’s the kind of leap they want to achieve here. What stands out is how this project celebrates decentralization. It’s not just about a cool virtual space—it’s about giving people ownership and control in a way we haven’t seen before. For fans of the Shiba Inu ecosystem, it’s a chance to be part of something innovative. In an official blog post , the team has shared all the necessary details about their metaverse. What to Expect Next Now that the platform is live, the real journey begins and you can download the metaverse to start your experience. Shiba Inu Metaverse isn’t finished, it’s just getting started. The team is encouraging users to explore, build, and play a role in shaping the future of this virtual world. It’s a bold step, sure. But it’s also an invitation. If you’re curious, now’s your chance to see what the hype is all about. Dive in, explore, and maybe even claim your spot in the next era of digital connection.
XRPL has successfully closed over 93 million ledgers
The cryptocurrency market is buzzing with excitement as Shiba Inu (SHIB) experiences a remarkable 7% price surge, coinciding with the festive season. This rise reflects a broader optimism in the
Eleven months and thirteen days ago, the U.S. welcomed its first spot bitcoin exchange-traded funds (ETFs) into the fold of traditional finance (tradfi). Since their debut, these ETFs have not only broken records but have also amassed more than a million bitcoins. Surging Spot ETFs Spark Power Shift in Crypto Investments The launch of these
On-chain data shows an XRP whale has moved a large amount of the asset to Coinbase following a 4% Christmas rally in its price. XRP Is Up More Than 4% On Christmas Day After a period of struggle in cryptocurrencies across the board, Christmas has brought back some bullish winds as Bitcoin and company have made some recovery. XRP has been no exception, with its price going up over 4% in the last 24 hours to reclaim $2.31. Related Reading: Bitcoin Sentiment Still Close To Extreme Greed: More Cooldown Needed For Bottom? Below is a chart that shows how the digital asset has performed during the last few days. As with any surge in the coin’s value, profit-taking can become a threat as investor gains balloon up. It appears one whale may have fallen prey to such a temptation. A Large Transfer Has Just Been Spotted On The Network According to data from the cryptocurrency transaction tracker service Whale Alert, a massive transaction has occurred on the XRP blockchain during the past day. The transfer in question involved the movement of 30,171,667 tokens worth more than $69.2 million at the time the sender executed the move. This is quite a large transaction, so it’s likely that a whale entity was responsible for it. Whales are investors who carry massive holdings in their wallets. As the influence of any entity on the market goes up, the more coins that they own, whales are considered a key part of the ecosystem. Because of this reason, their moves can be worth keeping an eye on. They may not always directly influence the price, but they can still inform us about the sentiment among these giants. Problem is, the anonymous nature of the blockchain means that a lot of the time, it’s not possible to discern what an investor’s intent was behind a move. Luckily, in the case of this XRP whale transaction, one end of the move contains a wallet that can be identified as being tied to a centralized platform. Here are the address details related to the transfer: As is visible above, the receiving address for this transaction was a wallet attached to the cryptocurrency exchange Coinbase. The sending address was an unknown wallet, meaning that it was likely the whale’s personal, self-custodial wallet. Transactions of this kind, where coins flow from self-custody to a centralized exchange, are known as exchange inflows. Generally, one of the main reasons why investors deposit to these platforms is for selling-related purposes, so exchange inflows can have bearish implications for the asset’s price. Related Reading: Bitcoin Coinbase Premium Giving Potential Buy Signal, Quant Says it’s uncertain, though, whether taking profits from the latest surge was indeed the goal in mind when the whale made the transaction. It may very well be the case of the investor looking to take advantage of one of the other services that Coinbase provides. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
Floki Inu (FLOKI), one of the most popular memecoins, is preparing to offer a new product to its investors. FLOKI announced in its official statement that they will launch the Floki ETP product in Europe. Stating that the new Floki ETP could be launched in the first quarter of 2025, the developers propose to allocate part of the FLOKI required for the ETP from the treasury wallet, which contains 16 billion tokens. If the proposal is approved, FLOKI tokens will provide liquidity to the ETP and can be withdrawn if there is sufficient third-party liquidity in the ETP. The developers added that they have partnered with an undisclosed asset manager to develop an exchange-traded product (ETP) tracking the FLOKI token. Lead developer B said in a statement: “We have been actively working with a reputable Asset Manager and an ETP Publisher to launch a Floki ETP for some time now. After months of meticulous review and hard work, the Floki ETP is set to launch in early Q1 2025. Floki ETP will be traded on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third largest in Europe. Once underway, the Floki ETP will allow institutional investors, regulated entities and retail investors to gain regulated exposure to FLOKI.” B added that the team cannot disclose further details about the ETP due to confidentiality agreements, such as opening prices, fund structure, and institutional partners. If the Floki ETP is approved, FLOKI will become the second memecoin to launch with an institutional product in Europe, after Dogecoin (DOGE). https://twitter.com/RealFlokiInu/status/1871873768068399424 *This is not investment advice. Continue Reading: It Will Be Second After Dogecoin! Another Popular Memecoin Announces It Will Expand to Europe Very Soon!
PEPE trading volume jumped 18% amid brewing price breakout
Russia’s Finance Minister Anton Siluanov confirms the country’s capacity to utilize digital financial assets (DFAs) and Bitcoin in foreign trade as part of its economic strategy. As Russia seeks alternatives
Dan Morehead predicts Bitcoin will reach $117,000 by August 2025. Bitcoin's price relies on historical halving cycles significantly impacting the market. Continue Reading: Dan Morehead Predicts Bitcoin Price Surge to $117,000 by 2025 The post Dan Morehead Predicts Bitcoin Price Surge to $117,000 by 2025 appeared first on COINTURK NEWS .