Coindesk

Spot ethereum (ETH) exchange traded funds (ETF) in the U.S. saw record daily inflows on Friday, another sign that the second-largest cryptocurrency is gaining momentum as a catch-up trade after vastly underperforming bitcoin (BTC) this year.The nine products combined booked $332.9 million in net inflows during Friday's shortened trading session, data compiled by Farside Investors shows. BlackRock's iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) led, attracting $250 million and $79 million in fresh funds, respectively.Friday was the fifth consecutive session with net inflows for the group, and concluded the second strongest week with $455 million in net inflows, per SoSoValue data. It was a shorter week as U.S. traditional markets were closed on Thanksgiving Thursday.Ether ETFs also outpaced...

XRP flipped a $100 billion market capitalization late Saturday as a multiweek rally showed no signs of pausing amid multiple catalysts over the past weeks.XRP zoomed nearly 10% in a 24-period from Friday to Saturday, reaching a local high of $1.92 to set prices previously seen in January 2018, when it briefly touched an all-time high above $3.40.The surge brought 7-day gains to 30%, outperforming bitcoin (BTC) and other majors, while 30-day gains stand at nearly 300%, data from CoinGecko show.Saturday’s move came following a Fox Business report that the New York Department of Financial Services had indicated to payments firm Ripple — closely related to XRP — about approving the company’s RLUSD stablecoin.Ripple will be allowed to legally offer...

One week after its first attempt, bitcoin (BTC) is once again approaching the $100,000 milestone on Friday as crypto prices surged higher alongside the return of U.S. traders following Thanksgiving.The Coindesk Bitcoin Index climbed to a $98,690 session high during early U.S. hours, advancing 3.3% over the past 24 hours. The broad-market CoinDesk 20 Index surged 6.2% during the same period, indicating that altcoins led the advance. XRP, ADA, RENDER and HBAR booked double-digit gains during the day.Traditional U.S. markets are having a shortened session today after being closed on Thursday's holiday. U.S.-listed bitcoin miners — which don't always rise just because the price of bitcoin gains —, are moving higher, led by Bitdeer's (BTDR) 15% advance to notch a...

Justin Sun walked into the room flanked by his usual entourage of bodyguards and advisers and made his way to the stage. Behind him, a banana was duct taped in position on a white wall. On either side, two blank-faced men in white shirts and black aprons stared into the sea of cameras and smartphones. I wondered what they were thinking.As for what I was thinking, it was something along the lines of how ridiculous this all was. To give some background, on Nov. 21 Tron founder Justin Sun paid a whopping $6.2 million — including $1 million in commission — at an auction at Sotheby’s in New York for an artwork called Comedian. The work, created by modern artist...

Nov. 30, is the last trading day of the month, so all eyes will be on bitcoin's (BTC) monthly candle. Bitcoin is less than 4% away from the psychological wall of $100,000. While the $9 billion worth of options expiry for bitcoin has just expired, which has sent the token slightly higher on the day to over $96,000.CoinGlass data shows that November has been one of the strongest months for bitcoin for several years, currently up over 36%, which would be the fourth best performing month since October 2021.November's rise has only been beaten thrice February 2024 (44%), January 2023 (40%) and October 2021 (40%). November's impressive performance is largely due to the fact that Donald Trump won the...