Crypto News
BlackRock’s Spot Ether ETF Registers Record Trading Volume of 43M Amid Net Inflows of $158M
Ethereum's native token, ether ETH, rose nearly 6% Wednesday, outperforming bitcoin (BTC), XRP (XRP) and solana's SOL (SOL) as expected. The outperformance saw record trading activity in BlackRock's spot ether exchange-traded fund (ETF), ETHA, listed on Nasdaq.More than 43 million shares of ETHA changed hands Wednesday, the highest single-day tally since the fund's debut a year ago, nearly doubling from the previous day's total of 24 million, according to data source Yahoo Finance.Daily volumes have been rising for over a month, as evidenced by the 30-day average, which has climbed to a record 18.83 million from 12.97 million in early June, according to data source TradingView.The ETF has also seen brisk inflow of investor money, pointing to a bullish market...
KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay
KULR Technology Group Inc. (NYSE American: KULR) has expanded its bitcoin ( BTC) mining operations, the company announced July 9. KULR Reaches 750 PH/s Bitcoin Mining Milestone On Wednesday, KULR disclosed that it deployed 3,570 Bitmain S19 XP 140 terahash per second (TH/s) bitcoin mining machines at facilities in Asunción, Paraguay. This deployment increases KULR’sSource link
Australia’s Tokenization Push Could Cement ‘Even Greater Financial Control’
Australia has approved 24 tokenized asset use cases under Project Acacia, enabling real-money trials across major banks and fintechs.Source link
Pencil Finance Launches On-Chain Capital for Student Loans
Pencil Finance pioneers on-chain capital for student loans, deploying $1 million to support education in the Philippines and Indonesia, demonstrating blockchain's potential in educational financing. (Read More)Source link
Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin
Shiba Inu's (SHIB) dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn't look as promising.SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased a breakout into bullish territory above the widely tracked 50-day simple moving average (SMA) at $0.00001242.Key AI insights based on the 24-hour price actionInstitutional flows drove prices from $0.00001215 to a peak of $0.00001250 between 19:00 and 20:00 on July 9, with an exceptional institutional volume of 1.25 trillion tokens.Strong institutional resistance has been established around the $0.00001250 level, significantly exceeding the average daily institutional volume...