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CATEGORY: launch


Onyx to shutdown Ethereum-based lending market, relaunch Onyx Core

Author: Cointelegraph by Arijit Sarkar
United States
Oct 01, 2024 12:00

Onyx to shutdown Ethereum-based lending market, relaunch Onyx Core

After a $3.8 million hack on a long-known security vulnerability, Onyx plans to relaunch its governance-focused financial network with full community support.

Sep 27, 2024 02:15

Binance Introduces Pre-Market Trading for Early Token Acquisition


Binance launches Pre-Market, allowing users to trade tokens before official spot listings. The service enhances utility for Launchpool participants. (Read More)

Sep 27, 2024 02:15

Tradestack Accelerates MVP Launch Using LangGraph Cloud


Tradestack, a UK startup, launched their MVP in just 6 weeks using LangGraph Cloud, enhancing efficiency in trades businesses. (Read More)

Godmother of AI launches World Labs with $230M funding at $1B valuation

Author: Cointelegraph by Tristan Greene
United States
Sep 14, 2024 12:00

Godmother of AI launches World Labs with $230M funding at $1B valuation

The companys focus will be on developing artificial intelligence with 3D perception.

BNB Chains improving fundamentals and use cases beyond DeFi support BNB run to $600

Author: Cointelegraph by Marcel Pechman
United States
Sep 14, 2024 12:00

BNB Chains improving fundamentals and use cases beyond DeFi support BNB run to $600

Upcoming Binance Launchpad incentives, CZs upcoming release and BNB Chains use cases outside of DeFi appear to be behind BNBs rally.

Aug 27, 2024 02:00

SUI, POODL price prediction as Binance lists TON meme coin DOGS

Sui (SUI) trades above a key support area, while Poodlana (POODL) is up 10% in the past 24 hours. On the other hand, TON meme coin Dogs (DOGS) will list on Binance and other exchanges.           Sui (SUI) reached its highest price in two weeks over the weekend, trading above $1.05 as […]

The post SUI, POODL price prediction as Binance lists TON meme coin DOGS appeared first on CoinJournal.

Aug 22, 2024 02:15

Binance Launchpool Introduces Dogs (DOGS) Token with BNB and FDUSD Staking


Binance Launchpool announces Dogs (DOGS) token, allowing users to farm DOGS by staking BNB and FDUSD. Trading to begin on August 26, 2024. (Read More)

Aug 22, 2024 02:15

ElevenLabs Launches Reader App in 32 Languages Globally


ElevenLabs' Reader App is now available worldwide on iOS and Android, supporting 32 languages and high-quality AI voices. (Read More)

Aptos Foundation teams up with Web3 streaming platform

Author: Cointelegraph by Josh O'Sullivan
United States
Aug 22, 2024 12:00

Aptos Foundation teams up with Web3 streaming platform

Aptos blockchain strengthens its ecosystem with Myco partnership, paving the way for decentralized streaming and the upcoming native token launch.

Tether plans to launch dirham stablecoin with UAE partners

Author: Cointelegraph by Josh O'Sullivan
United States
Aug 22, 2024 12:00

Tether plans to launch dirham stablecoin with UAE partners

Tether teams up with the UAEs Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances.

Worldcoin spreads across Europe with Austria digital ID launch

Author: Cointelegraph by Savannah Fortis
United States
Aug 03, 2024 12:00

Worldcoin spreads across Europe with Austria digital ID launch

Worldcoin expands its digital ID verification technology to Austria, offering residents in Vienna access to the World ID system with multiple locations throughout the city.

Aug 14, 2024 02:15

Binance Introduces Toncoin (TON) on Launchpool and Super Earn


Binance announces Toncoin (TON) as the 56th project on Launchpool. Users can stake BNB and FDUSD to farm TON and participate in Super Earn. (Read More)

Aug 02, 2024 05:50

Introducing WhitePool: WhiteBITs Mining Pool Hits Top 15 Right from Launch

WhiteBIT Launches a Mining Pool with a 0% Fee for Reward Withdrawal and Exclusive Perks for Powerful Miners.

The post Introducing WhitePool: WhiteBIT’s Mining Pool Hits Top 15 Right from Launch appeared first on Crypto Breaking News.

Ether ETFs will only be a sidekick to Bitcoin ETFs  Bloomberg analyst

Author: Cointelegraph by Zoltan Vardai
United States
Jul 06, 2024 12:00

Ether ETFs will only be a sidekick to Bitcoin ETFs Bloomberg analyst

Inflows from the Ether ETF launch may disappoint compared to the record-breaking inflows generated by the launch of the US-based spot Bitcoin ETFs.

Daylight secures $9M funding for distributed energy, testnet launch

Author: Cointelegraph by Ana Paula Pereira
United States
Aug 01, 2024 12:00

Daylight secures $9M funding for distributed energy, testnet launch

Daylights testnet will allow users to plug in distributed energy devices such as smart thermostats, solar inverters, batteries, electric vehicles and chargers and energy monitors.

Yield-bearing Treasury-backed stablecoin USDY launches on Aptos

Author: Cointelegraph by Vince Quill
United States
Aug 01, 2024 12:00

Yield-bearing Treasury-backed stablecoin USDY launches on Aptos

Stablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.

Jul 04, 2024 12:05

Experts Eye Spot Ethereum ETF Launch By Mid-July, Predict Price Rally

The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH. Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the launch of the first spot Ethereum ETF. According to Geraci, current forecasts by Bloomberg predict a mid-July launch. He detailed the procedural timeline via X, stating, “Wen spot eth ETF? BBG sticking w/ mid-July. Amended S-1s due July 8th. Potential final S-1s by July 12th. Would theoretically mean launch week of July 15th.” In parallel, Steve Kurz, head of asset management at Galaxy Digital, confirmed to Bloomberg on July 2 that the U.S. Securities and Exchange Commission (SEC) might greenlight a spot Ethereum ETF before the month’s end. Related Reading: ETH Price Dips As Ethereum ETF Approval Faces Delay Kurz emphasized the extensive groundwork laid in collaboration with the SEC, drawing parallels between the proposed Ethereum ETF and Galaxy’s existing spot Bitcoin ETF (BTCO), created with Invesco. Kurz expressed confidence in their preparedness, remarking, We know the plumbing, we know the process The SEC is engaged. Bloomberg ETF analyst Eric Balchunas also chimed in, aligning with the mid-July expectations. He highlighted the SEC’s recent instructions to Ethereum ETF issuers for amending their S-1 registration forms by July 8, suggesting possible further amendments. Notably, the SEC approved rule changes under 19-b4 in May, facilitating the listing and trading of such funds, though the issuance of funds remained pending final approvals. Ethereum Price Holds Above Key Support The anticipation of these approvals appears to be having a stabilizing effect on Ethereum prices. Crypto analyst IncomeSharks, commenting on Ethereum’s current price trajectory via X, noted optimism for a near-term breakout, stating, ETH – Looking more optimistic for a Q3 breakout. Liking the chances of a run towards $4,000 this or next month. According to the chart shared by him, ETH price needs to hold the region of $3,300 to $3,350 in order to rally to $4,000. Supporting this sentiment, Cold Blooded Shiller highlighted the crucial need for Ethereum to demonstrate momentum at the current price levels, specifically around the $3,400 mark, as a key indicator for a potential high-time-frame impulse. Related Reading: Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024s Worst Performer ETH is still in a fine position but it really needs to start showing some momentum soon. LTF divergences around this $3400 low are probably where I take one stab at trying to capture any HTF impulse away from the consolidation, he remarked via X. Adding historical perspective, analyst Jelle (@CryptoJelleNL) compared the current market phase to Ethereums long consolidation in 2016-2017 before its massive rally, urging persistence and optimism: In 2016-2017, ETH consolidated for 50+ weeks before rallying nearly 12000 percent. Today, people are giving up after less than 20 weeks, with ETH ETFs right around the corner. Stick to the plan boys. The best is yet to come. At press time, ETH traded at $3,353. Featured image created with DALL·E, chart from TradingView.com

Jul 25, 2024 12:05

Ethereum ETFs Debut: BlackRock Reigns With $260M Inflows, Grayscale Bleeds

Nine spot Ethereum ETFs commenced trading on the US stock market on Tuesday, marking a pivotal moment for the crypto industry following the Securities and Exchange Commission’s (SEC) green light on Monday. Ethereum ETFs See $1B In Trading Volume On Debut James Seyffart, a senior ETF analyst at Bloomberg, described the Monday ETF launch as a “pretty big success,” according to a Fortune report. However, the initial enthusiasm was tempered by a stark comparison to Bitcoin’s ETF debut earlier this year, which garnered $655 million in inflows on its first trading day. Related Reading: Mt. Gox Creditors Opt To HODL Bitcoin Rather Than Sell, CryptoQuant Data Shows Diving into the specifics, the Ethereum ETFs collectively amassed $10.2 billion in assets, with trading volumes surpassing $1.1 billion on day one. Grayscale’s Ethereum Trust (ETHE) led the volume race with $469.7 million.  Among the key players, BlackRock led the charge with $266 million in inflows, followed closely by Bitwise with $204 million and Fidelity with $71 million.  Despite these figures, the ETFs collectively witnessed net inflows of $107 million, overshadowed by Grayscale’s Ethereum Trust’s outflows of $484 million, as per Bloomberg data. However, the market response to the ETFs did not translate into a noticeable impact on Ethereum’s price, which experienced a marginal 0.8% decline since trading commenced.  Currently, the second largest cryptocurrency on the market is trading at $3,420, with a 27% decrease in trading volume in this area, amounting to $16 billion in the last 24 hours, and no significant changes to Tuesdays price value per coin.  Bright Future Despite Challenges Given that Ethereum’s market cap is a fraction of Bitcoin’s, the comparatively smaller inflows were somewhat to be expected. In addition, the Fortune report noted that the lack of a staking feature in the ETFs, which is prohibited by the SEC, also drove some investors to buy Ethereum directly, bypassing the new Ethereum ETFs mechanism. Another strong reason for the outflows on the first day of the ETHE fund is Grayscale’s 2.5% fee compared to competitors charging 0.25% or less, a factor that is believed to have influenced investor behavior and contributed to ETHE’s outflows. Related Reading: Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000 Despite the lack of market response, Seyffart remains optimistic about the reception of the Ethereum ETFs, citing the strong performance of smaller players such as 21 Shares’ Core Ethereum ETF, which attracted $8.7 million in inflows. Seyffart said to Fortune: Very successful launch day by any standard ETFs first day of trading. On top of this, the volume numbers were very strong.  Adding to the optimistic outlook for the Ethereum ETFs, it is noteworthy that Bitcoin (BTC) surged to an all-time high of $73,700 on March 14, just two months after the approved ETFs started trading.  Although ETFs investing in ETHs price may not attract as much inflow and trading volume as BTC, this could lead to a sustained increase in ETH’s price in the long term.  Featured image from DALL-E, chart from TradingView.com

Jul 24, 2024 12:05

Ethereum Price Stays Flat Despite Todays ETF Debut: QCP Explains Why

In a day marked by the launch of the long-anticipated spot Ethereum (ETH) Exchange-Traded Fund (ETF) in the United States, the markets response has been unexpectedly subdued. Analysts from Singapore-based crypto asset trading firm QCP Capital have shed light on the reasons behind this muted reaction, blaming the situation on previous market behaviors and other news from the broader market. Why The Ethereum Price Is Not Skyrocketing In their investor note, QCP Capital points out that the market may be adhering to a buy the hype, sell the news pattern, similar to the US spot Bitcoin ETF launch scenario. When the spot Bitcoin ETF debuted on January 11 this year, Bitcoin prices surged prior to the launch but later fell to $38,000, recording a -21% drawdown in the first 12 days after the launch. This price action was mainly driven by the outflows from the Grayscale Bitcoin ETF, which converted from the GBTC Trust and opened the possibility for investors to withdraw their holdings for the first time in years. A similar scenario could be looming for ETH, although there’s a key difference with Grayscales launch of the Mini ETF. To recall, Bitcoin subsequently reached new all-time highs within two months. So, QCP suggests that investors are being cautious and waiting for further developments before making any major moves in the ETH market. Related Reading: US Spot Ethereum ETFs Poised To Draw $1.2 Billion Monthly: Research Firm In addition, general market sentiment, which is heavily influenced by Bitcoin movements, could also play a crucial role. In particular, the transfers of Bitcoin by the US government and Mt. Gox have created a ripple effect that is impacting the dynamics of the crypto market as a whole. This morning, the US government transferred 58,742 BTC to Coinbase, while still holding 213,239 BTC worth approximately $14.2 billion. At the same time, Mt. Gox moved around 47,600 BTC to various wallets, including 5,110 BTC (340.1 million dollars) to Bitstamp. These large-scale movements may contribute to the market’s cautious stance. While spot prices for Ethereum remain flat, the options market is exhibiting notable activity. QCP observed that 26 July volatility made an impressive 8-vol rally, with the risk reversal (RR) dipping by 3 vols. This signals an increased caution towards potential downside movements. The divergence between the spot and options markets indicates that traders might be preparing for further price drops in the near term. Related Reading: Ethereum Retraces: Heres Why ETH Bulls Must Decisively Break Above $3,500 The options market seems to be expecting more downside movement in the near term, exacerbated by the US Government and Mt Gox news, QCP commented. Given the current conditions, QCP Capital suggests that Ethereum prices may remain subdued in the short term. The firm highlights potential BTC selling pressures from the US Government and Mt Gox as key factors that could indirectly keep ETH prices from rising. Additionally, with the ETH Spot ETFs impact not yet reflected in the market, traders might be waiting for more momentum to build up, possibly in the lead-up to the US elections. QCP’s investor note concludes, With the ETH Spot ETF potentially not impacting prices on the outset, coupled with potential selling pressure from the US Government and Mt Gox, prices may remain subdued until momentum builds up leading to the elections. At press time, ETH traded at $3,513, up 0.5% over the past 24 hours. Featured image created with DALL·E, chart from TradingView.com

Jul 24, 2024 12:05

Ethereum ETFs Witness Stellar Start As Trading Soars; Analyst Sees ETHs Price Reaching $8,000 In Q4

Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume.  Related Reading: Analyst Says Solana Price Will Surge 1,000% To $1,800, Heres When Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about 15th overall in ETF volume (about what $TLT and $EEM trade), which is Top 1%. But again compared to a normal ETF launch, which rarely see more than $1m on Day One, all of them have cleared that number and then some. Matthew Sigel, head of digital asset research at asset manager VanEck, highlighted the significance of these figures in the first hours of trading, noting that Ethereum ETFs saw more than 50% of trading volume compared to Bitcoin’s $610 million on day one, indicating strong investor interest in Ethereum. However, how these numbers will fare at the close remains to be seen. Bitcoin ETFs saw $4.6 billion in volume on their first day of trading in January, which may indicate the future performance of these newly approved index funds for the second-largest cryptocurrency on the market. ETHs Price Targets Soar Crypto analyst Doctor Profit shared a report highlighting a potentially massive parabolic move for Ethereum’s price this year in the wake of the expected inflows in the new Ethereum ETF market.  While some anticipate a correction due to the “sell the news” phenomenon, Doctor Profit argues that the market has already factored in the ETF launch but has yet to consider the significant inflows of USD that will flood into the Ethereum ETFs.  With Ethereum’s market cap being three times smaller than Bitcoin’s, Doctor Profit believes that every dollar invested in ETH is expected to have three times the price impact compared to Bitcoin, positioning Ethereum favorably for substantial price gains. Furthermore, the analyst contends that while Ethereum’s Grayscale ETH Fund sell pressure is comparable to the Bitcoin ETF launch, the impact is expected to be less severe.  Related Reading: Helium (HNT) Rockets In Value With 41% Rally Heres Why Looking ahead, Doctor Profit has set expected price targets for Ethereum in the coming months, including a potential target between $4,500 and $5,500 by Q3 2024, indicating steady but modest growth.  Moving into Q4 2024 and Q1 2025, the price range is expected to expand from $5,500 to $8,000. However, it is in Q2 2025 that Ethereum is expected to significantly jump, with price targets ranging from $8,000 to $14,000.  At the time of writing, ETH is trading at $3,444, showing sideways movement with no significant change from yesterday’s price, despite the hype surrounding the launch of the ETF market.  Featured image from DALL-E, chart from TradingView.com

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