Crypto

Source: Bitcoinist On Friday, asset management firm and exchange-traded fund (ETF) issuer VanEck announced its decision to liquidate its Ethereum Futures ETF (EFUT). According to the official release, shareholders will have the opportunity to sell their shares on the fund’s listing exchange until market close on September 16, 2024.  After that date, the shares will…

Source: Coin Tegraph US citizens can now reportedly use Kalshi to bet on the upcoming election through derivatives after a judge overturned the CFTC’s decision. However, the CFTC still has the option to appeal. Read Full Article

Source: Bitcoinist The Dogecoin Foundation has revealed a major update to their development trailmap. Highlighting this update is the announcement of “Project Sakura,” a protocol upgrade poised to increase block speed by tenfold, augment block size similarly, and ensure maximum decentralization—a development that has sparked vibrant discussion within the community. As outlined in their shared…

Source: Coin Tegraph According to Web3 gaming firm Moxy, the deal will save the company around $3.5 million in gas fees annually. Read Full Article

Source: Coin Tegraph Jan3 CEO Samson Mow reiterated that fear-driven markets “never lasts long” because fundamentals usually “win out over time.” Read Full Article

Source: Bitcoinist Bitcoin (BTC) is at a crucial level after a sharp 15% retrace from recent local highs. While traders and enthusiasts speculate about the causes of this downturn, the consensus is clear: demand is weakening.  CryptoQuant’s head of research, Julio Moreno, has provided an in-depth analysis of the situation, relying on key market indicators…

Source: Coin Tegraph Spot Ethereum ETFs are stealing the show and killing demand for futures-based crypto ETFs. Read Full Article

Source: Bitcoinist Dogecoin (DOGE) and Shiba Inu (SHIB) are currently experiencing a downtrend, highlighting the bearish sentiment towards these meme coins. This price decline is due to several factors, including developments in the broader crypto market.  Dogecoin And Shiba Inu Following Bitcoin’s Path Dogecoin and Shiba Inu have been following Bitcoin’s path, which explains why…

Source: Coin Tegraph WisdomTree has requested to withdraw its Ethereum Trust registration filing with the SEC while asking to apply the fees as a credit for “future use.” Read Full Article

Source: Bitcoinist With the Federal Reserve (FED) interest rate cut fast approaching, discussion about the event’s impact on Bitcoin, the largest crypto asset has increased significantly within the community. However, a crypto analyst delving into the subject has predicted a similar price implication to that of past scenarios, particularly in 2019. An Impending Pop And…