Ethereum Price Crash After Crypto: A big sale of $25 million worth of Ethereum (ETH) was recently carried out by BlockTower Capital, a popular venture capital firm specializing in cryptocurrency. The price of ETH has been rising recently, and this development raises the possibility of a return to $3,000. Other whale moves also impacted the price, as an investor in an initial coin offering (ICO) sold more than $154 million worth of Ethereum. BlockTower Capital Dumps $25M Ethereum On Tuesday, August 13, BlockTower Capital sold 9,232 ether, estimated to be worth around $24.8 million. FalconX, Cumberland, Wintermute Trading, and B2C2…
Author: Ali Raza
Ali Raza
Ali Raza is an experienced freelance content writer. His focus is primarily on aster-crypto and btccoinzone. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Ali Raza is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Ali Raza enjoys traveling, reading, and playing cricket when not writing. He now works as a news and article writer for Astercrypto.
DeFi TVL Rises: In the first half of the year, the DeFi space saw inflows amounting to $94.1 billion, a 72.8% increase in total value locked (TVL). As optimism keeps rising, this expansion is visible across the board in the digital asset market. With the launch of spot Bitcoin ETFs, the cryptocurrency market saw massive investment from institutions. Defi Activity Spikes This year, decentralized finance has witnessed higher volumes while the market as a whole experienced an uptick. According to Binance’s most recent market report, TVL has increased in value from $54.4 billion to $94.1 billion. This is an increase…
Today, August 6, BTC Gains: After last week’s widespread market crash, cryptocurrency prices have begun to show indications of a comeback. Along with Bitcoin (BTC), major altcoins, including Ethereum (ETH), Solana (SOL), and XRP, all saw price increases today, pushing Bitcoin’s value above $55,000. Today, we saw a 3.97% jump in the worldwide crypto market worth $1.97 trillion. In addition, the total volume of all cryptocurrencies traded on the market yesterday increased by an astounding 73.92% to $212.48 billion. Listed here are a handful of the most prominent cryptocurrencies as of today, August 6, along with their market capitalization and…
Blockchain Technology’s Impact: The blockchain, which was initially established as the foundation of the cryptocurrency known as Bitcoin, has developed into one of this century’s most important technological innovations. Blockchain technology can potentially change various industries, particularly the financial sector, because it provides a secure, transparent, decentralized method that transfers stored data. In the following paragraphs, we will discuss blockchain technology revolutionizing digital money and the implications that this technology has for the future. What Is Blockchain? A blockchain is a distributed digital data storage system comprising blocks connected and protected by encryption. Once validated, the records of transactions and…
Bitcoin Enters EU: A new investment option that combines cryptocurrencies and immigration policy will make it possible for Bitcoin holders to acquire citizenship in the European Union. This Unbound Fund-supported effort uses Bitcoin to unlock Portuguese citizenship through the Golden Visa program. It also found a groundbreaking way to accept digital assets in international mobility and resident rights. An EU Citizenship Pathway Via Bitcoin, How? Alessandro Palombo, Unbound Fund co-founder and CEO, gave this possibility on Elon Musk’s X social network. Palombo claims that the fund has opened the door for anyone to apply for Portugal’s Golden Residence Permit Program…
Spot Ethereum ETF Trading: The first Ethereum exchange-traded fund (ETF) products have been approved for trading by the Securities and Exchange Commission (SEC) of the United States. The market regulator published the 424(b) Forms for the 21Shares Core Ethereum ETF, which is the reason for this development. Ethereum ETF Predictions Held Spot Ethereum ETFs were long considered implausible, yet in May, the SEC unexpectedly authorized the ETF offering. To get the product trading approvals needed, the Commission, headed by Gary Gensler, has been in a back-and-forth with potential issuers ever since. All the paperwork related to the proposed rule change,…
Bitfarms ‘CEO Overhang: According to analysts at H.C. Wainwright, Bitfarms’ future remains bright despite recent acquisition efforts and staff changes. Recently hired CEO Ben Gagnon and CFO Jeff Lucas were guests on Wednesday’s virtual fireside talk sponsored by Bitcoin Mining Analyst startup Bitfarms. Mr. Gagnon made his first public appearance since becoming CEO at this event. Strategic goals, growth initiatives, and management’s take on the gap between the company’s valuation and its fundamentals were all part of the agenda. The H.C. Wainwright team of analysts is optimistic about the company’s prospects for meeting its hash rate targets. Bitfarms (BITF) aims…
Bybit TradesHamster Kombat: The company said in a blog post that a new project, Hamster Kombat (HMSTR), will be available on Bybit’s Pre-Market Trading Platform. Before the HMSTR project is published for spot trading, the exchange platform lets traders buy the tokens early. Because it is unlike any other play-to-earn game on Telegram, Hamster Kombat (HMSTR) Trading players can earn HMSTR coins by mining them. Over 239 million users have joined the site in just three months. On July 8, at 10 AM UTC, the exchange platform announced that Pre-market Trading would begin. They gave customers a head start before…
Lifts Bitcoin Price to $60K: The price of Bitcoin (BTC) increased by more than 2% the previous day, and during Wednesday’s early European session, it briefly traded above $59K. On the other hand, the flagship currency has had difficulty breaking out of its recent consolidation below the 200-day Moving Average (MA). The prospect of additional crypto capitulation still grips the sector. On Wednesday, Bitcoin’s fear and greed index was approximately 28%, down from 44% last week. Last week’s Bitcoin price action below $61,000 confirmed a potential double top and negative divergence on the weekly Relative Strength Index (RSI), all of…
Armed Services Expand Blockchain: There are substantial provisions in the most recent NDAA draft for fiscal year 2025 that the US House Armed Services Committee has included to investigate. The potential uses of blockchain technology in defense and national security. After being authorized by the committee, the House was allowed to review the document. On July 9, the Senate Armed Services Committee brought it to the Senate floor for discussion. When blockchain technology was initially included in the NDAA during fiscal year 2018, it was the first time it was acknowledged inside national defense law. That year, the US House…