Liquid Restaking Protocol YieldNest Launches ynETH on Mainnet

Liquid Restaking Protocol YieldNest Launches ynETH on Mainnet

[PRESS RELEASE – London, UK, May 16th, 2024] YieldNest, an innovative liquid restaking protocol, proudly announces the official launch of ynETH on Mainnet after securing $5.2MIL in their initial round. This was all made possible as a result of the hard work and dedication of their team and marks the start of a new chapter. A word from […]

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Ethereum (ETH) Price to Reach $10,000 by the End of 2024? Analyst Weighs In

Ethereum (ETH) Price to Reach $10,000 by the End of 2024? Analyst Weighs In

TL;DR Ethereum’s price recently surpassed $3,000, with analysts predicting further significant gains. Declining MVRV ratio, negative exchange netflow, and potential approval of a spot Ethereum ETF in the US could drive ETH’s value higher. Is ETH Gearing up for an ATH? The cryptocurrency market has experienced a significant uptrend in the past few days, with

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Morgan Stanley Reveals $269 Million Investment in Grayscale’s GBTC

Morgan Stanley Reveals $269 Million Investment in Grayscale’s GBTC

Morgan Stanley, the sixth-largest banking firm in the United States, has invested over $269 million in a spot Bitcoin ETF, as disclosed in its recently published Form 13-F. The Securities and Exchange Commission (SEC) filing revealed that the investment was made in Grayscale’s GBTC during the first quarter of 2024. Morgan Stanley Joins Banks Investing

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CME Group Plans Spot Bitcoin Trading Amid Rising Wall Street Demand

CME Group Plans Spot Bitcoin Trading Amid Rising Wall Street Demand

The Chicago Mercantile Exchange (CME Group) is gearing up to introduce spot Bitcoin trading to capitalize on the increased interest in the cryptocurrency sector from Wall Street fund managers this year, according to a report by FT. However, the plan is still in the preliminary stages and hasn’t been finalized yet. Spot Bitcoin trading involves

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Crypto Markets Add $150B Daily as Bitcoin (BTC) Skyrocketed to 3-Week High (Market Watch)

Crypto Markets Add $150B Daily as Bitcoin (BTC) Skyrocketed to 3-Week High (Market Watch)

Bitcoin’s price actions were quite underwhelming for days but the substantial ETF flows as well as the positive US CPI numbers resulted in massive gains that propelled the cryptocurrency to a 3-week peak of over $66,000. The landscape with the altcoins is quite similar, with most turning green on a daily scale. ETH is above

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Wall Street Pepe Surges 1000x Overnight and Experts Predict This is the Next Coin to Watch

Wall Street Pepe Surges 1000x Overnight and Experts Predict This is the Next Coin to Watch

Last updated: May 16, 2024 07:27 EDT | 2 min read Roaring Kitty is back, igniting excitement across the meme coin markets. Wall Street Pepe was leading the pack but in a dramatic collapse, the price has now crashed. This article will provide an analysis of WSP’s current price trends and look to see whether

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China Police Uncover $2B USDT Underground Banking Operation

China Police Uncover $2B USDT Underground Banking Operation

Last updated: May 16, 2024 07:24 EDT | 2 min read China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans. On May 15, the Chengdu Municipal Public Security Bureau announced the detection of a huge underground bank operation in a press release. This was the culmination of an

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Bitcoin Price Prediction as Millennium Management Holds $2B in ETFs – Bullish Signal for BTC?

Bitcoin Price Prediction as Millennium Management Holds $2B in ETFs – Bullish Signal for BTC?

Last updated: May 16, 2024 06:38 EDT | 4 min read Bitcoin Price Prediction Bitcoin rebounded strongly, surpassing $65,930 and reaching a peak of $66,591 on Thursday. Softer-than-anticipated U.S. inflation data fueled this rally by increasing the likelihood of interest rate cuts and boosting investor confidence across the crypto market. As Bitcoin climbed, it catalyzed

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Donald Trump Earns ‘First Crypto President’ Title, Former CFTC Commissioner Claims

Donald Trump Earns ‘First Crypto President’ Title, Former CFTC Commissioner Claims

Last updated: May 16, 2024 06:03 EDT | 1 min read Former President Donald Trump has been dubbed “America’s first crypto president” ever since his first year in office in 2017, according to Chris Giancarlo, a former CFTC commissioner. This designation came about when his administration approved the introduction of Bitcoin futures contracts, he said.

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Anchorage Digital Adds Support for Native DYDX Staking

Anchorage Digital Adds Support for Native DYDX Staking

[PRESS RELEASE – Zug, Switzerland, May 15th, 2024] Institutional crypto platform Anchorage Digital has announced support for native DYDX staking. Now, institutions can stake DYDX from safe and secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USDC. As home to the only federally chartered digital asset bank, Anchorage Digital

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