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U.S. Spot Ethereum ETFs Register ATH Daily Inflows Amidst ETH Price Rally
U.S.-based spot Ethereum ETFs on Friday recorded their highest single-day inflows since trading began in July of this year, adding nearly $333 million in value following the market’s closed on Thursday. BlackRock’s ETHA, added over $250 million in value alone, and Fidelity’s FETH, logged about $79 million. Grayscale’s ETH fund added $3.4 million, while no other funds registered significant inflows or outflows. The record day comes after nearly 40% gain in ether’s price over the past month. Ethereum’s price is currently hovering around $3,682, up over 2% in the last 24 hours. We'd Love to Hear Your Thoughts on This...
Celebrity Memecoins: The Rising 2024 Crypto Trend and Its Significant Risks
The recent frenzy of celebrity memecoins mirrors the celebrity NFT craze of the 2021 cycle, bringing with it big risks, and possibly signalling tough times ahead for the crypto market. Most celeb memecoins launched during the current craze are way down on their all-time highs. We’ve once again reached that ominous phase of the market cycle where low-tier celebs start piling into crypto, launching dubious projects in an attempt to pocket a quick, easy payday. In 2017 we had a wave of celeb-backed initial coin offerings (ICOs), in 2021 we saw a slew of celeb-backed NFT collections—and this time around...
Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
Sydney, Australia, November 21st, 2024, Chainwire The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to 100 million USD, marking this as one of the most ambitious token burns in the web3 ecosystem. The GMT Burn Initiative reflects the GMT DAO’s commitment to transparency, governance, and sustainable token management. This community-driven approach aligns with the...