• Fidelity’s FBTC spearheads $755M Bitcoin ETF revival following $1. 2B outflows

    Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a robust resurgence after facing four consecutive days of outflows that had depleted over $1. 2 billion from the market.

    Fidelity’s FBTC emerged as the principal catalyst of these inflows, attracting $463. 08 millionthe fund’s largest influx since March 2024. ARK and 21Shares’ ARKB also added to the favorable trend with $138. 81 million in inflows.

    Additional Bitcoin ETFs similarly enhanced the positive trajectory. Grayscale’s GBTC registered $50. 54 million, while Bitwise’s BITB secured $32. 69 million. BlackRock’s IBIT experienced inflows of $31. 86 million, and VanEck’s HODL contributed $16. 98 million.

    Meanwhile, Grayscale Bitcoin Mini Trust accrued $13. 69 million, Invesco Galaxy’s BTCO recorded $4. 47 million, and Franklin Templeton’s EZBC gained $2. 9 million.
    Ethereum ETFs

    Ether ETFs also exhibited strong performance on Jan. 15, accumulating $59. 78 million in inflows, which amounted to 18,520 ETH entering the funds.
    Ethereum ETF Flows
    Ethereum ETF Flows. (Source: SoSoValue)

    SoSoValue data indicates that Fidelity’s FETH led this segment, attracting $29. 32 million. BlackRock’s ETHA closely followed with $19. 85 million.

    Conversely, VanEck’s ETHV and Grayscale Ethereum Mini Trust witnessed cumulative inflows exceeding $10 million on the same day.

    Other Ethereum ETF products recorded no inflows on that day.

  • ETH on the verge of exceeding the $5,000 threshold

    Ethereum (ETH) may be on the verge of exceeding the $5,000 threshold for the first occasion, according to blockchain analytics platform CryptoQuant.

    In its latest weekly analysis disseminated to CryptoSlate, the platform’s recent findings emphasize important supply-demand dynamics and network conditions that could propel this upward trend.

    Spot Ethereum ETFs have experienced a significant increase in assets, indicating rising investor enthusiasm. Since their inception in July 2024, the total ETH held by these ETFs in the United States has escalated from 3. 095 million to an unprecedented 3. 41 million.

    This growth follows a rebound from September 2024’s low of 2. 716 million ETH, signaling revitalized confidence in Ethereum as a feasible investment option.

    The persistent accumulation of ETH by ETFs can considerably affect pricing, as substantial purchasing pressure from these instruments may generate upward momentum that could bring the asset closer to its historic highs and beyond.

    Ethereum’s overall supply has achieved 120 million ETH, its peak level since April 2023. Concurrently, the burn ratewhere ETH is irreversibly eliminated from circulation through transaction feeshas consistently increased since September. For reference, the quantity of assets burnt through transaction fees has surged to over 2,700 ETH from a daily mean of 80 ETH in August.

    This situation produces deflationary pressure, as the burn rate may exceed new ETH issuance during periods of intensified network activity. Moreover, the heightened utilization of Ethereum’s decentralized applications contributes to elevated transaction fees, further enhancing the burn rate.

    Analysts contend that this deflationary pressure can induce a supply constriction that may foster favorable conditions for price appreciation.

    Utilizing Ethereum’s realized price, which represents the average price paid by ETH holders, CryptoQuant estimates the current upper price threshold at $5,200.

    This valuation aligns with the zenith of Ethereum’s 2021 bull market. Therefore, should the existing demand and supply trends maintain their course, ETH is positioned to reclaim and surpass its former all-time high.

  • Here are the top 5 cryptocurrency performing coins of 2024

    As of my knowledge cutoff in October 2023, the top-performing cryptocurrencies can vary based on a number of factors, including market trends, technological developments, adoption, and investor sentiment. Below are five cryptocurrencies that were performing strongly at that time, though their current performance may have changed depending on the market conditions:

    1. Bitcoin (BTC)

    • Market Capitalization: Bitcoin is the largest cryptocurrency by market cap and remains the most widely recognized and traded digital asset.
    • Performance: Bitcoin has historically been a safe haven for many investors in the crypto space, especially during market volatility. Its performance is often a barometer for the overall health of the cryptocurrency market.
    • Reasons for Strength: Institutional adoption, network security, and its status as a store of value (often referred to as “digital gold”) are major factors driving its performance.

    2. Ethereum (ETH)

    • Market Capitalization: Ethereum consistently ranks as the second-largest cryptocurrency by market cap.
    • Performance: Ethereum has seen strong growth due to its dominance in the smart contract and decentralized application (dApp) ecosystems. The launch of Ethereum 2.0, which aims to transition the network to a Proof-of-Stake (PoS) consensus, has positively impacted its performance.
    • Reasons for Strength: Widespread use in DeFi (decentralized finance), NFTs (non-fungible tokens), and smart contracts.

    3. Binance Coin (BNB)

    • Market Capitalization: Binance Coin is the native token of the Binance exchange, which is one of the largest cryptocurrency exchanges in the world.
    • Performance: BNB has seen strong growth due to its utility within the Binance ecosystem, including its use for discounted trading fees, participation in token sales, and more. Binance Coin has become a key player in the DeFi space and is also used in various applications across the Binance Smart Chain (BSC).
    • Reasons for Strength: Strong exchange backing, utility in DeFi, and adoption within the Binance ecosystem.

    4. Solana (SOL)

    • Market Capitalization: Solana has positioned itself as one of the leading Layer 1 blockchains, competing with Ethereum and others.
    • Performance: Solana has garnered attention due to its high throughput (the ability to process thousands of transactions per second) and low transaction costs. It’s considered a faster, more scalable alternative to Ethereum, which has faced challenges with network congestion and high gas fees.
    • Reasons for Strength: Fast transaction speeds, low fees, and growing ecosystem of decentralized applications, especially in areas like NFTs and DeFi.

    5. Cardano (ADA)

    • Market Capitalization: Cardano is another Layer 1 blockchain that has gained significant attention, particularly for its research-driven approach to scalability, security, and sustainability.
    • Performance: While Cardano has not seen the same explosive growth as Ethereum or Solana, it has steadily built a strong community and ecosystem, especially with its focus on academic rigor and formal verification.
    • Reasons for Strength: Focus on peer-reviewed research, a growing ecosystem, and adoption in emerging markets, particularly in Africa for use in financial inclusion and identity verification.

    Honorable Mentions:

    • Polygon (MATIC): An Ethereum scaling solution that has gained popularity due to its low fees and faster transactions.
    • Chainlink (LINK): A decentralized oracle network that has been crucial for the development of decentralized finance (DeFi) by providing reliable data feeds to smart contracts.
    • Avalanche (AVAX): A high-performance blockchain competing with Ethereum and Solana for DeFi and dApp development.

    Note on Market Dynamics:

    Cryptocurrency markets are highly volatile and can change rapidly. Factors such as regulatory changes, technological updates (like network upgrades or forks), market sentiment, and institutional investment can all impact the performance of these cryptocurrencies.

    For up-to-date performance and rankings, you can check live cryptocurrency market data on platforms like CoinMarketCap, CoinGecko, or Binance.

  • RXS Crosses $3.5m Mark in Fast-Selling Presale

    Ethereum blockchain has recently buzzed with the news of Rexas Finance (RXS) as it is referred to, a Real-World Asset (RWA) tokenizing platform that is witnessing remarkable adoption. The project is quickly closing the divide between real-world assets and blockchain, and the success of the presale is a clear indication that the project has not gone unnoticed. Rexas Finance has made an astonishing $3,500,000 in a very short implementation of its presale and it shows no indication of decelerating.

    What is Rexas Finance (RXS)?

    Rexas Finance is a crypto project that is taking a massive leap in attempting to tokenize real-world assets. Anything from real estate to commodities such as gold, and even art and collectibles, Rexas Finance intends to take everything as far as it goes straight into the blockchain. Given that the real estate market is worth around $379.7 trillion, the commodity market is worth $121.2 trillion, and art and collectibles are worth $65 billion in annual sales, the potential market size is worth every bit of its number. Rexas Finance seeks to become a platform that allows for easier access to these high-value assets. It permits everyone to buy or exchange tokenized assets with ease and safety. Rexas Finance, be it total ownership or partial, allows individuals to invest in these hard-to-reach assets that will help in portfolio diversification. The project is native with other token standards including ERC-20, ERC-721, and ERC-1155 all of which provide room for variations of assets to be handled.

    $3,500,000 Raised in a Blazing Fast Presale

    The Rexas Finance presale can best be described as a runaway success. It began in September 2024 and after three weeks the first three presale stages had already sold out completely. As the demand for RXS tokens increased, the presale quickly moved onto stage four where tokens were sold at $0.060. It seems apparent that there is a lot of excitement within the scope of the project and the rate of capital inflow is testimony to this fact. Only four days after stage four was commenced which was quite a good interval, Rexas Finance managed to pull $3,567,252 bringing the total presale amount raised above $3.5 million. Right now 71.47% of stage 4 is completed and expectedly investors are rushing to make sure that they do not miss out on their portion of the investment.

  • Ethereum ETFs face rocky start/retain strong growth potential

    Bitwise CEO Hunter Horsley has explained why he believes recently launched spot Ethereum exchange-traded funds (ETFs) have seen significantly lower trading volumes and inflows compared to their Bitcoin counterparts.

    In an Oct. 21 post on X, Horsley acknowledged that Ethereum ETFs have underperformed but pointed out that the funds from his firm, BlackRock and Fidelity, are still among the top 25 fastest-growing new ETPs this year.

    SoSoValue data shows BlackRock’s ETHA has attracted $1.45 billion in net inflows, while Fidelity’s FETH and Bitwise’s ETHW have seen inflows of $498 million and $321 million, respectively.

    Overall, data shows that the Ethereum ETFs have experienced negative flows of approximately $500 million thanks to the significant outflows from Grayscale Ethereum Trust and the tepid demand for the other ETH funds.

    Why Ethereum ETFs are struggling

    Horsley highlighted several reasons behind Ethereum ETFs’ slow start, explaining that one key factor that impacted the products was the timing of their launch.

    According to him, the Ethereum ETFs launched during the summer, a traditionally slow investment period during which investors monitor market activity rather than take on new projects.

    He furthered that the Ethereum ETFs debuted in a relatively flat market, while Bitcoin ETFs entered the scene during a bull market, which drew more attention and investment. Horsley noted that many investors were still focusing on Bitcoin when Ethereum ETFs launched, making it difficult for Ethereum to capture the spotlight.

    He explained:

    “For many traditional investors, some time has been and continues to be needed to figure out how to incorporate Bitcoin after the launch of the ETPs. Ethereum arriving before that was solved, made it hard to turn attention to it.”

    What about staking?

    Horsley also addressed concerns about whether the lack of the staking feature was significantly impacting the Ethereum ETFs.

    The Bitwise CEO stated that he doesn’t believe the lack of staking yield is a significant issue, noting that most ETH holders aren’t currently staking their assets.

    However, Horsley highlighted the success of Bitwise’s European franchise, which offers a fund (ET32) that provides exposure to Ethereum while capturing staking rewards. He said this fund has been “growing nicely,” and a similar feature would benefit the US-based funds.

    Staking is a critical element of Ethereum’s proof-of-stake (PoS) system, where users lock up their Ethereum to validate transactions and earn rewards. However, the US Securities and Exchange Commission (SEC) has expressed concerns that staking services may qualify as unregistered securities offerings and has taken legal actions against crypto platforms like Kraken.

    The ETF issuers unsurprisingly excluded staking from their funds in response to these legal risks.

    Despite these challenges, Horsley emphasized that it’s too early to judge Ethereum ETPs’ long-term potential. He believes “the story for Ethereum ETPs is just beginning.”

  • Top 5 ways to deploy Parallel EVM Layer 2

    The deployment of a Parallel EVM Layer 2 refers to a scaling solution designed to enhance the Ethereum network’s throughput and efficiency. Here are the key points about this technology:

    1. Parallel Execution: Unlike traditional Layer 2 solutions that process transactions sequentially, a Parallel EVM Layer 2 enables simultaneous execution of multiple transactions. This significantly increases transaction speeds and reduces congestion on the main Ethereum network.
    2. Compatibility: The Layer 2 solution maintains compatibility with Ethereum’s existing infrastructure, allowing developers to easily migrate their decentralized applications (dApps) without extensive modifications.
    3. Cost Efficiency: By offloading transactions from the main chain, users can benefit from lower fees, making it more economical to conduct transactions and interact with dApps.
    4. Security: Security models can vary, but many Layer 2 solutions leverage the security of the Ethereum main chain while implementing additional measures to safeguard user assets and transactions.
    5. Use Cases: This type of solution is particularly useful for applications that require high throughput, such as decentralized finance (DeFi) platforms, gaming, and NFT marketplaces.

    Overall, the deployment of a Parallel EVM Layer 2 enhances the Ethereum ecosystem’s scalability and usability, making it more accessible for a broader audience.

  • Crypto Report Shows Ethereum takes lead in September

    The crypto market has performed dismally over the past week, with most altcoins recording massive losses. However, a recent crypto report has revealed that tokens attached to Ethereum DEXs like Aave (AAVE) and RCO Finance (RCOF) will take over the market in September.

    Why are Aave (AAVE) and RCO Finance (RCOF) the top Ethereum DEXs to invest in September? Let’s find out!

    Aave (AAVE) Gains 8% in a Week: Will Bulls Persist?

    AAVE has performed laudably over the past week. On August 28, AAVE was changing hands at around $124.90. After days of range-bound trading, AAVE gained traction on September 3. 

    This bullish momentum came after Aave rolled out Sky Aave Force, an initiative to bridge the gap between DeFi and TradFi. 

    This development saw AAVE jump as high as $138.17 on September 4 before stabilizing at around $137.20. This price means AAVE has gained 8% in a week. Moreover, the 24-hour AAVE trading volume is up 157%, indicating a massive buying force. 

    Based on this enormous buying force and the recent launch of Sky Aave Force, experts expect AAVE will continue pumping in September. This explains why Aave is one of the best Ethereum DEXs to invest in. 

    RCO Finance Outshines Ethereum DEXs With Its Crypto AI Features!

    With most crypto market bleeding, RCO Finance has seen hordes of investors flock to its platform. Investors are embracing RCO Finance because its AI and blockchain-powered features have helped position it among the leading Ethereum DEXs in the crypto market. 

    In particular, RCO Finance’s AI-powered robo advisor has captivated investors because it is a financial expert available 24/7. 

    The robo-advisor differentiates itself from traditional financial advisors by using advanced algorithms and machine learning to offer data-based investment suggestions. 

    Specifically, the robo advisor uses algorithms and machine learning to gather actionable data from the 120,000+ crypto and TradFi assets RCO Finance supports. 

    The robo-advisor then pairs this data with an investor’s risk profile and financial goals before suggesting if the investor should enter, exit, or double down on specific positions.

    Through this approach, the robo advisor helps investors minimize risk exposure and increase chances of profitability. Furthermore, this approach enables investors to eliminate cognitive biases and emotions of fear and greed from their investment strategies. 

    The robo-advisor can also complete trades on an investor’s behalf. In doing so, the robo advisor does not need to inform the investor when an opportunity arises but instead grabs it. 

    This level of automation ensures investors take advantage of all market opportunities that match their preferences. 

    To complement the robo advisor’s next-gen capabilities, RCO Finance offers up to 1,000x leverage on some trades. This high leverage gives investors ample capital to bet on high-potential assets.

    These features explain why RCO Finance is toppling renowned Ethereum DEXs as it strives to push the DeFi sector to a new era. 

    RCOF Set To Deliver Huge Returns In September and Beyond!

    Apart from its versatile DeFi platform, RCO Finance partially attributes its swift success to its native token, RCOF. RCOF has captured investor attention because it boasts a relatively low supply cap of 800 million tokens. Also, RCOF has a deflationary to keep inflation in check. 

    Furthermore, RCO Finance offers dividends to RCOF holders. RCOF HODLers can also propose and vote on governance proposals, shaping the RCO Finance ecosystem. It is worth noting that SolidProof, a top blockchain security firm, audited RCOF’s smart contract. This step helped increase investor confidence in the token. 

    As of September 4, investors can purchase RCOF at $0.0344, its Stage 2 price. This price will increase to $0.0558 when RCOF enters Stage 3. This price difference denotes a 62% surge. Interestingly, these returns are set to increase periodically as RCOF moves toward its projected listing price of between $0.4 and $0.6. 

    When RCOF soars to $0.6, Stage 2 investors will enjoy a staggering 1,644% ROI. This ROI exceeds AAVE’s historic 860% surge between Q4 2020 and Q1 2021. 

  • Cryptocurrencies Price Prediction: BTC, ETH, Others…

    Ethereum has lost its “ultra” sound money status, faces key rectangle resistance hurdle

    Ethereum (ETH) is up 0.5% on Thursday following a recent analysis showing that the top altcoin lost its “ultra” sound money narrative. Meanwhile, ETH ETFs recorded net inflows for the first time after nine days of consecutive outflows.

  • Ethereum Whales Buy $2.45B in ETH

    In recent weeks, Ethereum (ETH) has seen a notable surge in accumulation by large investors, commonly referred to as whales. Data indicates that these entities have acquired more than 700,000 ETH, equating to around $2.45 billion.

  • Here’s a crypto network out-performing Ethereum this month

    I saw this and it was a big surprise to me. Imagine! TON is even bigger than Ethereum in the month of June. Wow! What can I say, when this blockchain has recorded more daily active addresses than Ether this month.