Crypto News Flash

BlackRock Might Backtrack on Ethereum ETF Application Amid ‘Very Little’ Demand CoinGape (RSS) After its successful launch of the spot Bitcoin ETF in January 2024, the world’s largest asset manager BlackRock has been pushing ahead for a spot Ethereum ETF application. However, chances are that the asset manager might reconsider its efforts citing “little” demand from clients for Ethereum, in comparison to Bitcoin. Will BlackRock Continue the Push for spot Ethereum ETF? During a fireside chat at the Friday Bitcoin Investor Day conference in New York, Robert Mitchnick, BlackRock’s head of digital assets, emphasized the firm’s client base’s primary focus on Bitcoin. He noted, “I can say that for our client base, bitcoin is overwhelmingly the number one focus and a little bit Ethereum”. He also mentioned that the demand for every other crypto asset is “very, very little.” However, he didn’t comment anything for now on whether BlackRock will continue or not on its pursuit of Ethereum ETF a... View original post

Crypto Prices Today March 23: Bitcoin Drops Below $64K, Ethereum At $3300, XRP & SOL Dip CoinGape (RSS) The top crypto prices today witnessed a bearish turn as the Bitcoin (BTC) price extended below the $64,000 level again. In addition, the Ethereum price slumped below $3,400. Meanwhile, other top altcoins, such as XRP, and Cardano (ADA) gained significantly while Solana dipped. Major Crypto Prices Today The Bitcoin price was down by 2.96% reaching $63,980.52 at the time of writing on Saturday, March 23. On the other hand, it’s trading volume plunged 3.96% to $40.30 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.25 trillion. Looking at altcoins, the Ethereum price gained by 5.45% to 3,331.53 at press time with a market valuation of $399.85 billion. Whilst, ETH saw its trading volume dip by 2.90%, reaching $20.24 billion. Meanwhile, the ... View original post

Shiba Inu Weekly Burn Dips 60%, SHIB To Break Below Support? CoinGape (RSS) In a thrilling plot twist, Shiba Inu, the self-proclaimed Dogecoin killer, curated a tidal wave of speculations among crypto market traders and investors globally following a significant plunge in its price in the past few days. This plunge in SHIB’s price surfaced along with a weekly dip recorded in the SHIB burn rate, giving rise to a bearish sentiment for the meme coin across the broader crypto market. Shiba Inu, the meme-based cryptocurrency, echoed a sense of frenzy across the crypto horizon over the past month as its price rallied remarkably, coming in tandem with the broader uptrend witnessed by a meme coin rally. However, with its recent plunge below the $0.00003 level, the token risks falling below its support level of $0.00002 as market dynamics paint a bearish portrait for SHIB. Shiba Inu Burn: A Closer Look According to the insights revealed by the meme coin’s burn tracker Shibburn, despite the Sh... View original post

Top 5 Cryptocurrencies To Watch Out In Crypto Bull Run 2024 CoinGape (RSS) Crypto assets have gained momentum in recent months following huge institutional inflow into the market. These inflows were ignited in Q2 2023 after BlackRock’s Bitcoin (BTC) spot ETF application that opened the door to more traditional firms desiring a piece of the market leader. As the crypto highs continue, here’s a list of the top five crypto assets to watch out for in 2024.  Bitcoin It’s no surprise that Bitcoin is an asset to watch out for a bull run in 2024 based on recent performance and future events. From Q4 2023, investors increased their appetite for the market leader pushing the price above $44,000 before the end of the year. This year, Bitcoin soared to a new all-time high above $72,000 after the approval of ETFs and has dragged the entire crypto market to a bull phase. Bitcoin is an asset keen for more h... View original post

New Floki Roadmap Features Debit Card, Shifts Beyond Meme Status CoinGape (RSS) A major upgrade to Floki‘s roadmap was recently released. This shows that it has big intentions to go beyond its meme coin beginnings. Floki wants to develop into a complete financial solutions company. A significant change has occurred with the advent of digital banking accounts. Users will soon be using FLOKI tokens to top these off. This innovation should make it easy to combine cryptocurrencies with conventional bank transactions. The digital accounts will be valid for transactions in the most influential currencies, like the dollar, euro, and pound. Lucky Floki enters the foray by introducing debi... View original post

Breaking: AMM Feature Goes Live on XRP Ledger (XRPL) Mainnet CoinGape (RSS) After months of amendments and waiting, the XRP Ledger (XRPL) has finally welcomed the Automated Market Maker (AMM) feature to go live on the mainnet. XRP Ledger AMM: New Pool Emergence The AMM feature on the XRP Ledger was teased more than a year ago and it follows many developmental efforts and amendments by developers associated with Ripple Labs. As announced by the XRP Ledger explorer XRPScam, the first pools have started rolling into the new Automated Market Maker engine. The new AMM engine has some liquidity pools with the top 5 pools showcased in the X post. The pool with the largest liquidity featured the address “rf7g4JWC…..hCaV” with the XRP/CSC token pair. The pool has an LPToken balance of 19,948,160.210725 units.  ... View original post

AI Firm Anthropic Excludes Saudi Buyers for FTX Stake Deal CoinGape (RSS) Anthropic, an AI startup, has decided to exclude investors from Saudi Arabia in its latest financial endeavor. The company is currently in the process of selling a stake previously owned by the now-defunct cryptocurrency exchange FTX.  FTX Sale Amid Bankruptcy Proceedings Anthropic is at a pivotal juncture, seeking to sell an 8% stake that FTX once acquired for $500 million. This stake, worth more than $1 billion today, is one of the components of Anthropic’s approach to assets management during FTX’s bankruptcy settlements. The sale is designed to recover the losses of FTX users who suffered losses when the exchange ceased to operate. The valuation of Anthropic at ... View original post

Bankers Are Lining Up Buyers for FTX’s 8% Stake in AI Startup Anthropic: Report CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS) FTX’s slice of artificial intelligence firm Anthropic is up for sale, and global investors including sovereign wealth funds are lining up for the chance to purchase the shares, according to a new report from CNBC citing unnamed sources.

Top Memecoins Record Liquidations Following Wider Market Outflow CoinGape (RSS) The crypto market has witnessed slight liquidations after posting slight gains on the back of the Federal Open Market Committee’s (FOMC) meeting. These liquidations were seen in Bitcoin (BTC), Ethereum (ETH) and memecoin has investor confidence weakened in the last 24 hours.  The memecoin market plunged 4% with a total capitalization of $53.4 billion and a trading volume of $8.3 billion although large gainers were recorded as users flocked around certain tokens.  Market leader by market cap Dogecoin (DOGE) slumped 0.5% with trading volumes of $3.1 billion. The asset showed slight momentum in the last two days but still trades at weekly losses of 9.2%.  Shiba Inu (SHIB) recorded larger outflows with 1.8% losses yesterday and 12... View original post

Breaking: Optimism (OP) Launches Superchain Developer Console CoinGape (RSS) With developers in mind, Layer-2 protocol Optimism (OP) has introduced the Superchain Developer Console, for easy building of decentralized applications.  Optimism Console To Facilitate DApp Development On Friday, Optimism took to the X app to announce the launch of the new platform. According to the announcement, the Superchain provides a conducive environment for app developers to build and scale their businesses. Amongst the perks of leveraging the Optimism Console platform is the fact that it provides a super-mega-easy strategy to accelerate development and lower overhead costs. The new Optimism Console will provide developers with several perks including access to testnet faucets, and customized app/UX feedback which would help get apps ready for final launch. For the testnet Superchain ... View original post