The cryptocurrency market witnessed a bearish downturn, with Bitcoin (BTC) dropping below $62,000 and Ethereum (ETH) extending below $3,000. While major altcoins like Solana (SOL) also plunged, XRP and Cardano (ADA) defied the trend with slight gains.
Franklin Templeton has listed its spot Ether exchange-traded fund (ETF) on the Depository Trust and Clearing Corporation (DTCC) website, a significant platform for securities transactions in the United States. However, this listing does not guarantee approval from the SEC for the proposed ETF.
A massive $1.3 billion USD Coin (USDC) transfer from whale addresses to the Coinbase cryptocurrency exchange is being viewed by analysts as a potential “giant buy signal” for Bitcoin and Ethereum, sparking speculation of significant capital deployment into these leading cryptocurrencies.
Binance, the world’s largest cryptocurrency exchange, will list Renzo (EZ), the native token of the liquid staking protocol Renzo, as its 53rd Launchpool project on April 30, providing users with an opportunity to secure an allocation of the token.
Hong Kong is set to introduce spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April, as the region aims to establish itself as a regulated hub for the virtual asset industry and reclaim its reputation as a modern financial powerhouse.
Victory Securities, a Hong Kong-based investment firm, has revealed its proposed fees for upcoming Bitcoin and Ethereum ETFs, even before the official list of approved issuers is published by the Hong Kong Securities and Futures Commission.
The adoption of Ethereum liquid restaking protocols like Lido and EigenLayer drove the decentralized finance (DeFi) total value locked to soar to $100 billion in the first quarter of 2024, igniting hopes for a potential “second DeFi Summer.”
China has approved the launch of spot Bitcoin and Ethereum ETFs in Hong Kong, which could drive up demand and prices for major cryptocurrencies.
The crypto market has shaken off concerns of escalations between Iran and Israel, with Bitcoin (BTC) trading above $65,000 and Ether (ETH) back above $3100. Traders are also anticipating the launch of Bitcoin and Ether ETFs in Hong Kong, which could unlock up to $25 billion in demand.
Heightening fears of conflict between Iran and Israel largely triggered Friday’s $860 million crypto market liquidation, according to QCP Capital. Geopolitical instability often drives investors away from risky assets like cryptocurrencies, seeking safer investments, resulting in sell-offs across risk asset classes.
