Cronos , a leading blockchain ecosystem, has unveiled new prepaid card fund withdrawal features, according to the most up-to-date reports shared with Finbold on Thursday, February 27. Developed in partnership with Crypto.com, the new withdrawal feature is an important milestone not just for Cronos but the broader crypto industry , helping bridge traditional (TradFi) and decentralized finance ( DeFi ). Looking ahead, Cronos has also hinted at an automatic transfer system for DeFi yields, which would allow users to route their Cronos staking rewards and other earnings while topping up their Crypto.com prepaid card. New Cronos prepaid card withdrawal features By connecting their Web3 non-custodial wallets on the Cronos Ethereum Virtual Machine (EVM) or Cronos Zero-Knowledge Ethereum Virtual Machine (zkEVM) to a Crypto.com prepaid card, users can top up from Cronos EVM or Cronos zkEVM to Crypto.com crypto wallet and then back to Crypto.com prepaid card with just one click. Tokens not directly supported are automatically swapped into USD Coin ( USDC ) or Ethereum ( ETH ). Ken Timsit, Head of Cronos Labs, noted the convenience associated with seamless crypto cash-outs, stating: In eliminating the wait times and multiple steps usually required when cashing out, Cronos is bringing DeFi closer to everyday life. As a result, users can hold their digital assets for longer in the knowledge that they can easily withdraw funds at any time. Simplified crypto off-ramping Converting crypto to fiat is typically a multi-step process that entails transferring funds to a centralized exchange (CEX) and waiting for bank clearances. To tackle such issues, Cronos now allows users to off-ramp their crypto while topping up a Crypto.com prepaid card. The feature will be available on both the Cronos EVM and Cronos zkEVM, both high-performance Layer-2 ( L2 ) networks powered by zkSync technology . Ethereum users especially are well-positioned to benefit from it given Cronos zkEVM’s direct bridge to Ethereum, which enables seamless fiat off-ramping to the Crypto.com prepaid card. The post Cronos introduces new prepaid card withdrawal features appeared first on Finbold .
The post MyShell (SHELL) Skyrockets 40% as Binance Announces Listing & Airdrop! appeared first on Coinpedia Fintech News MyShell is the talk of the town. It is an AI-powered platform that enables users to build, share and own AI agents. SHELL is the native token of this platform. Binance Binance - binance@miceneurol.com Centralised Exchange Cryptocurrencies Trading App Cryptocurrency investment is preparing to list the token today. Reports say that since the listing announcement, the price of SHELL has seen a growth of 40%. Notably, alongside the listing, the exchange is also offering a HODLer airdrop for BNB holders. Here is everything you need to know. Binance to List MyShell: Trading Details As per the announcement made by Binance on SHELL, titled “Introducing MyShell on Binance HODLer Airdrops,” the exchange will list SHELL at 13:00 UTC today. The announcement states that after the listing, SHELL will be available for trading against selected pairs, including BTC, USDT, USDC, BNB, FDUSD and TRY. HODLer Airdrop: Free SHELL for BNB Holders A HODLer airdrop is a way for cryptocurrency platforms to give away free tokens to people who hold certain cryptos. The announcement suggests that Binance is planning to offer SHELL airdrops to BNB holders. The genesis total token supply of SHELL is 1,000,000,000. As per the announcement, nearly 2.5% of SHELL’s total token supply will be distributed as HODLer Airdrops Token rewards. The announcement also suggests that another 25,000,000 SHELL tokens will be allocated to the other HODLer Airdrops at least six months after the listing. Notably, the circulating supply upon listing on the exchange will be 270,000,000 SHELL – which is at least 27% of the total token supply of 1,000,000,000. Reports state that Binance will list SHELL with zero listing fees. This will allow users to trade SHELL fee-free on the exchange. SHELL Price Surges After the Binance Listing Announcement As per reports, the price of SHELL has experienced a surge of over 40% after Binance’s listing announcement. A price surge is common when a token gets listed on a major exchange. In the last seven days, the price of MyShell has reported a growth of 56.7%. In the last 24 hours alone, the market has climbed by 32.5%. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var templateId = '6'; getAllSubscriberCategoryList([templateId]); var subcribemodal = window.parent.document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: '9cfb421e82', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What Is Myshell (Shell) and How Does It Work? MyShell is an AI-powered platform that lets users build, share, and own AI agents. Its native token, SHELL, powers transactions and incentives. When Will Binance List Shell for Trading? Binance will list SHELL today at 13:00 UTC, allowing trading against BTC, USDT, USDC, BNB, FDUSD, and TRY with zero listing fees.
Heads up, crypto enthusiasts! If you’re trading or holding SWELL tokens on Upbit, pay close attention. South Korean crypto giant Upbit has just dropped an important announcement regarding SWELL token deposits and withdrawals. Effective March 5th, 02:00 UTC, Upbit will be temporarily halting these services for SWELL. But before you panic, let’s dive into the details of this urgent update and understand exactly what’s going on and what it means for you as a SWELL token holder. Why the Sudden Upbit SWELL Suspension? The reason behind this temporary Upbit SWELL suspension is quite straightforward: Swell Network, the platform behind the SWELL token, is undergoing a significant network transition. They are migrating to Swellchain, their own dedicated blockchain. This is a major upgrade for the Swell Network ecosystem, but such transitions often require temporary pauses in token activity on exchanges to ensure a smooth and secure process. Think of it like upgrading a major highway. To ensure safety and efficiency during the upgrade, parts of the highway might need to be temporarily closed off. Similarly, Upbit is temporarily suspending SWELL deposits and withdrawals to facilitate the Swellchain migration without any hiccups. Swellchain Migration: What’s the Big Deal? The Swellchain migration is a pivotal moment for Swell Network. Moving to its own dedicated chain offers several potential advantages: Enhanced Scalability: Swellchain could potentially offer greater scalability compared to the previous network, leading to faster transaction times and lower fees for SWELL token holders. Improved Security: A dedicated blockchain allows Swell Network to have more control over security protocols, potentially making the network more robust and resilient against attacks. Greater Customization: With its own chain, Swell Network gains increased flexibility to customize and optimize the blockchain specifically for its platform’s needs and future developments. Ecosystem Growth: Swellchain can become the foundation for a broader ecosystem of decentralized applications (dApps) and services centered around the SWELL token and Swell Network’s offerings. Essentially, the Swellchain migration is a strategic move by Swell Network to build a stronger, more efficient, and future-proof platform. While temporary suspensions might seem inconvenient, they are often necessary steps in the journey of blockchain evolution. Crypto Exchange Delisting? Temporary Suspension vs. Permanent Removal It’s crucial to understand that this Upbit SWELL suspension is temporary. It’s not a crypto exchange delisting . Delisting refers to the permanent removal of a token from an exchange, which is a far more serious event often indicating issues with the token or project. In this case, Upbit is explicitly stating a temporary suspension due to the network upgrade. This is a standard procedure during such transitions. Once the Swellchain migration is complete and deemed stable, Upbit is expected to resume SWELL deposits and withdrawals. To clarify the difference: Feature Temporary Suspension (Like Upbit SWELL) Delisting (Permanent Removal) Duration Short-term, until a specific event is resolved (e.g., network upgrade) Permanent, token is removed from the exchange indefinitely Reason Technical reasons (network upgrades, security concerns during transitions) Project issues (lack of development, regulatory concerns, low trading volume), exchange policy changes Impact on Token Temporary inconvenience, trading might be limited during suspension Significant negative impact on token price and liquidity, harder to trade Recovery Services resume after the event is resolved Token is permanently removed, no resumption of services Therefore, SWELL token holders should remain calm and understand that this is a planned and temporary measure, not a sign of any fundamental problems with SWELL or Swell Network. What Should SWELL Token Holders Do? Actionable Insights If you are a SWELL token holder on Upbit, here’s what you need to know and do: Note the Suspension Time: The suspension starts at 02:00 UTC on March 5th. Ensure you complete any deposit or withdrawal actions before this time if needed. Avoid Depositing or Withdrawing During Suspension: Do not attempt to deposit or withdraw SWELL tokens on Upbit while the suspension is in effect. These transactions may fail or be delayed, and you might encounter issues. Stay Updated: Keep an eye on Upbit’s official announcements and Swell Network’s communication channels for updates on the Swellchain migration and the resumption of SWELL services on Upbit. Plan Your Trading Accordingly: If you actively trade SWELL on Upbit, factor in this suspension period into your trading strategy. You will not be able to deposit or withdraw SWELL during this time. Trading itself might still be possible depending on Upbit’s specific implementation during the suspension, but deposit/withdrawal functionality will be restricted. Consider Alternatives (If Necessary): If you need to move your SWELL tokens urgently during the suspension period, explore if other exchanges that support SWELL are still operational for deposits and withdrawals. However, always exercise caution and do your own research before using unfamiliar platforms. Swell Network Upgrade: A Positive Step Forward The Swell Network upgrade to Swellchain, while causing a temporary suspension on exchanges like Upbit, is ultimately a positive development for the project and its community. It signals Swell Network’s commitment to growth, innovation, and building a robust platform for liquid restaking and beyond. By migrating to Swellchain, Swell Network is laying the groundwork for: A More Powerful Platform: Swellchain is expected to provide a more powerful and scalable infrastructure for Swell Network’s services. Future Innovations: The dedicated chain opens doors for Swell Network to implement new features and innovations more effectively. Long-Term Growth: This upgrade positions Swell Network for sustainable long-term growth within the rapidly evolving crypto landscape. In Conclusion: Navigating the Temporary Pause The temporary Upbit SWELL suspension due to the Swellchain migration is a routine procedure in the world of crypto upgrades. It’s a short-term inconvenience for SWELL token holders , but it’s a necessary step to facilitate a significant Swell Network upgrade that promises long-term benefits. Remember, this is not a crypto exchange delisting ; it’s a temporary pause to allow for essential infrastructure improvements. Stay informed, plan accordingly, and look forward to the enhanced capabilities that Swellchain will bring to the SWELL ecosystem. To learn more about the latest crypto exchange trends, explore our article on key developments shaping crypto exchange regulatory landscape.
The cryptocurrency market is experiencing a notable cooling period, as analysts reflect on recent price movements and volatility. Recent commentary from CryptoQuant’s Ki Young Ju indicates that panic selling could
Hold onto your hats, crypto enthusiasts! The investment landscape just got a whole lot more interesting. For those watching the burgeoning world of digital assets, particularly Ethereum, this is a moment you won’t want to miss. Global asset management giant ProShares, known for its pioneering spirit in bringing crypto exposure to traditional markets, has just dropped a game-changer: the Ether ProFund (ETHFX) . Yes, you heard that right – the first ever U.S. mutual fund designed to track the performance of Ethereum is here, and it’s ready to potentially revolutionize how investors access ETH. What is the Buzz About the New ETH Fund? Let’s break down why the launch of Ether ProFund (ETHFX) is making waves in the financial world. ProShares, a name synonymous with innovation in exchange-traded products, is extending its reach into the mutual fund space through its affiliate, ProFunds. Following the impressive growth of their Bitcoin ProFund (BTCFX), which now manages nearly $500 million in assets, ProShares is betting big on Ethereum. But what exactly does this mean for you, the investor? Essentially, ETHFX offers a regulated and accessible pathway for investors to gain exposure to Ethereum without directly holding the digital asset. Think of it as investing in Ethereum through a familiar and established investment vehicle – a mutual fund. This is particularly appealing for those who are intrigued by the potential of Ethereum but are hesitant about the complexities of crypto exchanges, wallets, and private keys. Why Launch an Ethereum ETF Now? The Timing is Key The timing of this Ethereum ETF equivalent (though technically a mutual fund) is no coincidence. Ethereum has solidified its position as the second-largest cryptocurrency by market capitalization and the leading blockchain for decentralized applications (dApps), NFTs, and decentralized finance (DeFi). Institutional interest in Ethereum has been steadily growing, and the demand for regulated investment products that provide exposure to ETH is palpable. Here’s why this launch is strategically timed: Maturity of Ethereum Market: Ethereum has moved beyond its initial stages and demonstrated its resilience and long-term potential. The ecosystem is more robust, with significant development activity and real-world use cases. Increased Institutional Demand: Traditional financial institutions are increasingly recognizing the importance of digital assets. An ETH Fund like ETHFX caters directly to this growing institutional and retail demand for regulated crypto exposure. Regulatory Clarity (Evolving): While the regulatory landscape is still evolving, there’s a growing understanding and acceptance of cryptocurrencies by regulatory bodies. This provides a more conducive environment for launching and managing crypto-related investment products. Success of Bitcoin Products: The success of Bitcoin ProFund (BTCFX) has demonstrated the viability and investor appetite for crypto mutual funds, paving the way for similar products focused on Ethereum. Benefits of Investing in ETHFX: Is This the Right Ethereum Crypto Mutual Fund for You? So, what are the tangible benefits of considering ETHFX as part of your investment portfolio? Let’s dive into the advantages: Accessibility and Convenience: Investing in ETHFX is as straightforward as investing in any traditional mutual fund. You can buy and sell shares through your brokerage account, making it incredibly accessible for a wide range of investors. Regulated and Transparent: As a registered mutual fund, ETHFX operates under regulatory oversight, providing a level of transparency and investor protection that may be lacking in direct crypto investments. Diversification (Within Crypto): While ETHFX focuses on Ethereum, it still provides diversification within the crypto asset class. For investors looking to diversify beyond Bitcoin, this is a compelling option. Professional Management: The fund is managed by experienced professionals at ProFunds, who handle the complexities of tracking Ethereum’s performance, giving investors peace of mind. Familiar Investment Vehicle: For investors who are comfortable with mutual funds but new to crypto, ETHFX offers a familiar and less intimidating way to enter the Ethereum market. Potential Challenges and Considerations Before Investing in this Crypto Mutual Fund While the launch of Ether ProFund (ETHFX) is undoubtedly exciting, it’s crucial to approach it with a balanced perspective. Like any investment, there are potential challenges and considerations to keep in mind: Tracking Error: Mutual funds tracking an underlying asset may experience tracking error, meaning the fund’s performance may not perfectly mirror Ethereum’s price movements. Fees and Expenses: Mutual funds typically charge management fees and operating expenses, which can impact overall returns. Investors should carefully review the expense ratio of ETHFX. Market Volatility: The cryptocurrency market, including Ethereum, is known for its volatility. ETHFX will be subject to this volatility, and investors should be prepared for potential price swings. Regulatory Risks: While the regulatory environment is becoming clearer, the crypto space is still subject to evolving regulations, which could impact crypto investment products. Not Direct Ownership: Investing in ETHFX does not give you direct ownership of Ethereum. You are investing in a fund that tracks its price, not holding the underlying asset itself. Examples of How ETHFX Can Fit into Your Investment Strategy Let’s consider a few scenarios to illustrate how ETHFX might be incorporated into different investment strategies: Investor Profile Investment Goal How ETHFX Fits Conservative Investor Gradual exposure to crypto, diversification Allocate a small percentage of portfolio to ETHFX for crypto exposure within a regulated framework. Growth-Oriented Investor High-growth potential, tech exposure Include ETHFX as part of a growth portfolio to capitalize on Ethereum’s potential, alongside other tech investments. Crypto Enthusiast (Traditional Finance Route) Access Ethereum through traditional brokerage, portfolio diversification Use ETHFX to diversify crypto holdings within a traditional investment account, complementing direct crypto holdings. Actionable Insights: Is ETHFX Right for You? The launch of ProShares Ether ProFund (ETHFX) is a significant step forward for cryptocurrency investment. It provides a new, regulated, and accessible avenue for investors to tap into the potential of Ethereum. However, like all investments, it’s crucial to do your homework. Here are some actionable insights to consider: Research Thoroughly: Understand the fund’s investment strategy, fees, and potential risks. Read the prospectus carefully. Assess Your Risk Tolerance: Cryptocurrencies are volatile assets. Ensure your risk tolerance aligns with the potential fluctuations of an Ethereum ETF equivalent. Consider Your Investment Goals: Determine how ETHFX fits into your overall investment strategy and financial objectives. Compare with Alternatives: Explore other ways to gain Ethereum exposure, such as direct purchase, and compare the pros and cons against investing in ETHFX. Consult a Financial Advisor: If you’re unsure whether ETHFX is right for you, seek advice from a qualified financial advisor who can provide personalized guidance. Conclusion: A New Era for Ethereum Investment Dawns ProShares launching Ether ProFund (ETHFX) marks a pivotal moment for the cryptocurrency market. It signals the increasing integration of digital assets into mainstream finance and provides a groundbreaking opportunity for investors to access Ethereum through a familiar and regulated investment vehicle. Whether ETHFX is the right choice for you depends on your individual circumstances and investment goals. However, there’s no denying that this launch is a significant leap forward, potentially unlocking new doors for broader Ethereum adoption and investment. The future of crypto investment is evolving, and ETHFX is at the forefront of this exciting transformation. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption.
Bitcoin's price is down 10% in seven days, and breaching $85,000 puts the BTC price at risk of a deeper correction.
A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap altcoin amid a correction that has seen Bitcoin ( BTC ) fall to lows last witnessed in November. The analyst pseudonymously known as Bluntz tells his 317,200 followers on the social media platform X that the utility token for the BNB Chain ecosystem, BNB , has not topped out yet. According to the pseudonymous analyst, BNB could go up by at least 25% from the current level in “one final leg” to reach a new all-time high. Based on a weekly chart by the pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis, Bluntz appears to suggest that BNB is at the tail end of a five-wave pattern that started in mid-2023. The Elliot Wave theory states that the main trend of the price of an asset occurs in a five-wave pattern while a correction takes place in a three-wave pattern. According to his chart, BNB could hit a price of around $900 to complete the fifth wave of the main bullish trend. Source: Bluntz/X BNB is trading at $625 at time of writing. Next up is Bitcoin. The widely followed analyst and trader appears to suggest that the crypto king could plummet if the support level that’s slightly above $86,000 fails to hold. “If BTC is going to bounce it should be from right here [around $89,000] now that both sides of the range have been taken. And if not, well better to not talk about that.” Source: Bluntz/X Bitcoin is trading at $88,504 at time of writing, up slightly from the three-month low of around $86,050 reached earlier this week. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Analyst Says Top-10 Altcoin Primed for One Final Leg up to New All-Time High, Updates Outlook on Bitcoin appeared first on The Daily Hodl .
FBI has called for collaborations to block North Korea threat actors from laundering Bybit heist.
The post Shiba Inu Consolidates Amid Bearish Sentiment; Yeti Ouro Presale Captures Fresh Interest In The MemeFi Arena appeared first on Coinpedia Fintech News As Shiba Inu ($SHIB) battles bearish pressure, trading flat at $0.00001423 amid a crypto-wide downturn, Yeti Ouro ($YETIO) ’s presale defies market gloom. The meme coin’s Stage 3 offering—priced at $0.024 per YETIO with a 10% purchase bonus and additional 5% for purchases over $500—has sold more than 200 million tokens despite turbulent conditions for the meme coin market at large. While SHIB struggles to reclaim its 2021 highs, Yeti Ouro leverages play-to-earn (P2E) innovation and deflationary tokenomics to attract investors seeking refuge from volatility. Shiba Inu’s Market Struggles Shiba Inu’s recent performance mirrors broader crypto fragility. After a brief rally to $0.00001553 on February 24, Shiba Inu price retreated, currently to $0.00001430, a 9% decrease as Bitcoin slumped below $91,000 , dragging altcoins into a fear-driven selloff. SHIB’s daily volume of trading is a hefty 421M, giving it a Volume/Market Cap ratio of 4.98%, showing solid trading activity. Tech indicators send both positive and negative vibes; the short-term MAs (8, 13, and 21 SMA) look bullish, while the long-term MAs (55 and 144 SMA) hint at bearish signals. The 1-hour RSI is at 77, suggesting SHIB might be overbought, raising the chances of a price dip. On the flip side, the 7-day RSI sits at 45, which is neutral, indicating a potential bounce back after a 5.59% drop this week. In the bigger picture, SHIB is still way off its ATH of $0.00008616 hit in late Oct 2021, highlighting the chance for upward movement if market sentiment shifts positively. Here, the 30-day price change of -23.15% reflects an ongoing downward trend that would need to be reversed for growth to hold. Despite upgrades to Shibarium , SHIB’s Layer-2 network, analysts note waning retail interest, citing a 15% drop in daily active addresses. Yeti Ouro: The MemeFi Augmenter Yeti Ouro’s presale is progressing steadily, drawing attention with its SOLIDproof-audited security assessment and an upcoming Play-to-Earn (P2E) game built on Unreal Engine 5, factors absent in earlier meme coin projects. Yeti Ouro’s tokenomics strategically counter market instability. YETIO’s fixed supply of 1 billion tokens includes a 5% burn mechanism, creating artificial scarcity as demand grows. The presale’s tiered structure—offering higher APY for longer staking lock-ins—rewards patient holders, contrasting sharply with SHIB’s inflationary model. While SHIB relies on speculative trading, YETIO is integrating utility-based mechanisms into its ecosystem. Its flagship game, YetiGo, will feature multiplayer racing tracks where players earn tokens through competitions. The backend team consists of top-title game devs (who’ve previously worked on The Witcher, Dead Space, Call of Duty and Spiderman). The game’s soundtrack is being crafted by expert audio engineers who have collaborated with Grammy-nominated artists like Kabaka Pyramid and Vybz Kartel. Worldwide Events and Their Possible Effects on YETIO and SHIB Macroeconomic headwinds amplify crypto’s challenges. Global regulators’ scrutiny of meme coins—sparked by the $1.4 billion Bybit hack—has dampened sentiment, with the Crypto Fear & Greed Index plunging to 21, signalling “extreme fear.” Source: Crypto Fear & Greed Yeti Ouro navigates this climate by emphasizing transparency: its team, though pseudonymous, publishes quarterly audits and allocates 50% of tokens to presale buyers, avoiding the concentration risks seen in SHIB’s top-heavy wallets. For investors, YETIO’s presale now in Stage 3 of 5 offers a hedge against market swings, blending meme virality with DeFi rigour lacking in predecessors like Dogecoin or PEPE. YETIO is priced at $0.024 in Stage 3 and has sold over 200 million tokens. Early bird investors are already seeing a 100% ROI and the pace and price are set to soar in the remaining two stages. With its Play-to-Earn (P2E) ecosystem, deflationary model, and Unreal Engine 5-powered gameplay, Yeti Ouro positions itself not just as a meme coin but as a gateway to decentralized entertainment and tangible utility. However, traders should always conduct their own independent research, monitor market trends and diversify their portfolios before investing. Join the Yeti Ouro Community Website: https://yetiouro.io/ X (Formally Twitter): https://x.com/yetiouro Telegram: https://t.me/yetiouroofficial Discord: https://discord.gg/YtUsEZ2ZrV
THORChain's swap volume has hit record highs as the Bybit hack laundering frenzy continues.