Interest

Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100. However, amidst this price crash, CryptoQuant analyst burakkesmeci has made an important observation with a potential impact on market movement. Ethereum Open Interest Surges By $1.5 Billion In Three Weeks In a Quicktake post on CryptoQuant, burrakesmeci shared that the Open Interest…

Bitcoin (BTC) price reacted to Federal Reserve chair Jerome Powell delivering the Semi-Annual Monetary Policy Report to the Senate Banking Committee on Tuesday. The address comes ahead of Thursday’s US Consumer Price Index (CPI) inflation data, which is expected to be a significant market mover this week. Bitcoin Tests $58,000 After Powell’s Fed Update Bitcoin may have to wait until Thursday for a significant reaction to the US macro news, which is one of the four fundamentals investors are watching…

XRP-tied investment funds are reported to have recorded an inflow of $400,000 in the week ending July 5 despite the broad market selling pressure triggered by Mt. Gox’s repayment process.  The XR price has also recorded a 3% surge in the last 24 hours, trading at $0.43 as whales aggressively accumulate the dip.  The defunct crypto exchange Mt. Gox begins the long-awaited repayment process as Japanese trustee Nobuaki Kobayashi seeks to facilitate the adequate distribution of 142,000 Bitcoin, currently worth…

Ripple President Monica Long highlights XRP’s regulatory clarity and substantial trading volumes as pivotal factors supporting the probability of XRP ETF in the future. District Judge Amy Berman Jackson’s recent alignment with Judge Torres’ ruling on XRP and her dismissal of the SEC’s arguments in the Binance versus SEC case mark significant legal victories for the cryptocurrency industry. ETFs have become the central topic in the crypto space in 2024 as crypto asset holders speculate on the potential price impact…

The Polkadot community is considering a proposal for a new bridge to enhance interoperability with Cardano, hoping to benefit both ecosystems by addressing current connectivity challenges. New Bridge Under Discussion The Polkadot community is exploring the potential for a bridge between the Polkadot and Cardano networks. Discussions are ongoing regarding the feasibility of this project. According to Felix, an agent within the Unifires ecosystem, a Cardano-Polkadot light client and NFT swap bridge are currently under development, and the proposal has…

The post Interest Rate Cut Likely In The Fourth Quarter, Says Atlanta Federal Reserve President appeared first on Coinpedia Fintech News Atlanta Federal Reserve President, Raphael Bostic, stated on Thursday that an interest rate cut in the fourth quarter was likely, with inflation moving in the right direction, as reported by Reuters. He further included that penciled in four quarter-percentage-point rate cuts for 2025, the Fed is on a long-term arc. Fed can achieve a 2% inflation with a job…

On-chain data shows the Bitcoin transfer volume of retail investors has seen a sharp decline recently, a sign that this group may be losing interest. Bitcoin Volume For Retail-Sized Transactions Has Plunged Recently As explained by CrypoQuant author Axel Adler Jr in a new post on X, the total BTC transfer volume for transactions valued between $1,000 and $10,000 has gone down recently. The “transfer volume” here refers to the total amount of Bitcoin (in USD) that addresses on the…

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it…

The post Raboo Draws Interest From Uniswap And Bitcoin Holders, Dynamic Presale Emerges As Top Pick!  appeared first on Coinpedia Fintech News New coins and tokens enter the market daily, and many exit as fast as they come without getting the interest of top guys like Uniswap (UNI) and Bitcoin (BTC) holders.  But not for the new coin, Raboo ($RABT). The new market favourite is fast becoming the go-to token for high profits. With over $1.6 million in presales and…