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Trish Turner is resigning as head of the IRS crypto division after just months, following two private-sector executives who served about a year. Trish Turner has resigned as head of the United States Internal Revenue Service’s (IRS) digital assets division after roughly three months in the role. “After more than 20 years with the IRS,…
SharpLink bought $667 million in Ether at near-record highs, lifting its holdings to $3.2 billion as institutional ETH accumulation accelerates. Sports betting platform SharpLink Gaming snapped up Ether last week as the cryptocurrency surged to near all-time highs. SharpLink added 143,593 Ether (ETH) as ETH prices climbed above $4,700, according to a filing with the…
Bitcoin’s sharp sell-off caught many traders off-guard, intensifying the rate of long liquidations, but data shows bulls stepping in to buy the dip. Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. …
ETH upside remains programmed thanks to record spot ETF inflows even as the altcoin’s price consolidates in the $3,900 to $4,400 liquidity zone. Key takeaways: Ether faces a liquidity battle between the $3,900 support and $4,400 resistance. Record ETF inflows of 649,000 ETH highlight sustained institutional demand. Read more If you liked the article, do…
The NFT market cap dropped 12% to $8.1 billion as Ether fell, with CryptoPunks and Bored Apes sliding while Pudgy Penguins climbed into second place. The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data. On Monday, NFT Price Floor…
BitMine and an unknown whale have acquired nearly $882 million in Ether through major OTC desks and exchange withdrawals in a show of growing institutional demand. Institutional appetite for Ether shows no sign of slowing, with blockchain data revealing nearly $882 million in ETH purchases by two entities as of late. Public Bitcoin mining firm…
Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO. Gemini Space Station, the crypto exchange and custodian founded by Cameron and Tyler Winklevoss, has filed with the US Securities and Exchange Commission to list its Class A common stock on the…
Crypto traders’ “lack of interest” in dip buying Ether compared to Bitcoin could be the catalyst that sees Ether’s price go higher, says Santiment. Ether holds a slight edge over Bitcoin in the short-term as social media chatter around the cryptocurrency is less overheated, says sentiment platform Santiment. “The $ETH crowd hasn’t shown nearly as…
An ETF analyst says it was collectively the biggest trading volume week ever for Bitcoin and Ether ETFs “thanks to Ether ETFs stepping up big.” US-based spot Bitcoin and Ether exchange-traded funds (ETFs) just logged their strongest week of trading volume yet, according to an ETF analyst. “Biggest week ever for them, thanks to Ether…
The Ether unstaking queue has a 15-day wait as investors aim to withdraw a record $3.8 billion in ETH. Key takeaways: Ether queued for unstaking hits a record $3.8 billion, led by Lido, EthFi, and Coinbase. Strategic reserves and ETF holdings have jumped by 140% since May 1. Read more If you liked the article,…