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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Ripple and XRPL Labs join digital asset recovery protocol DeRec Alliance
Ripple and XRPL Labs join digital asset recovery protocol DeRec Alliance

Ripple and XRPL Labs joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. DeRec Alliance aims to standardize and expedite how digital assets can be recovered in the web3 industry, especially for crypto non-experts.

The Block·2024/05/09 14:43
Bitcoin price buys time at $61K as US jobless claims hit 9-month highs
Bitcoin price buys time at $61K as US jobless claims hit 9-month highs

Bitcoin refuses to budge after the latest U.S. macro data, but a six-figure BTC price is waiting the wings, analysis claims.

Cointelegraph·2024/05/09 14:40
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin
SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin

Ethereum co-founder Joseph Lubin says the SEC is engaging in strategic enforcement action instead of engaging in meaningful discourse with the cryptocurrency industry.

Cointelegraph·2024/05/09 14:40
Despite Bitcoin price volatility, factors point to BTC’s long-term success
Despite Bitcoin price volatility, factors point to BTC’s long-term success

Bitcoin’s volatility persists after the halving, but surging ETF inflows and thriving L2 ecosystem growth fuel long-term optimism.

Cointelegraph·2024/05/09 14:22
Bitcoin struggles despite European equities rally as Bank of England signals summer rate cut
Bitcoin struggles despite European equities rally as Bank of England signals summer rate cut

Bitcoin prices are struggling to stay above the $61,000 mark, according to The Block’s Price Page.On Thursday, the Bank of England kept borrowing costs at their 16-year high but signaled it would cut rates this summer if inflation stayed low.

The Block·2024/05/09 13:40
PA Daily | Trump accepts cryptocurrency donations for presidential campaign; Bitcoin mining difficulty drops by 5.63% to 83.15T
PA Daily | Trump accepts cryptocurrency donations for presidential campaign; Bitcoin mining difficulty drops by 5.63% to 83.15T

Robinhood's cryptocurrency trading volume in the first quarter increased by 224% year-on-year, with net profit rising to $157 million; Puffer Finance announced that its mainnet has officially launched; Musk's xAI, under his umbrella, is expected to complete financing this week at a valuation of $18 billion.

PANews·2024/05/09 12:02
Flash
  • 07:32
    A certain address spent 6 SOL to purchase 45.39 million Project tokens, earning a profit of over $600,000 USD
    According to Onchain Lens data monitoring, a certain address purchased 45.39 million Project tokens with 6 SOL, which was worth $1,048 at the time. This address has now sold 20.42 million Project tokens in exchange for 987 SOL, valued at $172,000. The address currently still holds 24.97 million Project tokens, valued at $444,000.
  • 07:31
    Ethereum spot ETF experienced a net outflow of 19.1562 million US dollars yesterday, with the ETF net asset ratio reaching 2.28%
    PANews reported on October 26th, according to SoSoValue data, yesterday (Eastern Time October 25th) Ethereum spot ETF had a total net outflow of $19.1562 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $19.1562 million, and the current historical net outflow of ETHE is $3.069 billion. Grayscale's Mini Ethereum Trust ETF ETH had a single-day net outflow of $0.00, and the current total historical net inflow for Grayscale's Mini Ethereum Trust ETH is $303 million. As of press time, the net asset value of the Ethereum spot ETF was $6.82 billion, with an ETF net asset ratio (the proportion of market value to total market value of Ethereum) reaching 2.28%, and the cumulative historical net outflows have reached $504 million.
  • 07:14
    Data: The net inflow of Bitcoin spot ETFs yesterday was 402 million US dollars, and the net asset ratio of ETFs reached 4.93%
    According to SoSoValue data, as of yesterday (Eastern Time October 25), the total net inflow of Bitcoin spot ETF was $402 million. Yesterday, Grayscale's ETF GBTC had a net outflow of $0.00 for the day, and currently, GBTC has a historical net outflow of $20.108 billion.Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $5.9162 million, and currently, Grayscale's Bitcoin Mini Trust BTC has a total historical net inflow of $430 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT ETF with a single-day net inflow of $292 million; its current total historical net inflows have reached $23.987 billion. Next is Fidelity’s FBTC ETF with a daily net inflow of $56.9453 million; its current total historical net flows have reached 10.376 billion dollars. As at press time, the Net Asset Value (NAV) for all bitcoin spot ETFs stands at 65.253 billion dollars while their NAV ratio (market value compared to overall bitcoin market cap) is at 4.93%. The cumulative historic flow into these funds totals up to 21.935 billion dollars.
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