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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
💰 Investment data suggests Wall Street is replacing gold with Bitcoin
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🪙 Ether staking deposits touch $85B, 25% of circulating supply now locked up
The total amount of staked Ether in the Beacon Chain has reached 30,206,801 ETH, which is worth over $85 billion, locking up nearly 25% of the total circulating supply. There are currently 943,974 active validators on the Beacon Chain. February has been a bullish month for the Ethereum network so far. Between Feb. 1 and 15, investors deposited 600,000 Ether into Ethereum 2.0 staking contracts.
Source
@CryptoWorldNews
🪙 Ether options open interest on CME on track to hit fresh all-time high
Ether options open interest on the Chicago Mercantile Exchange (CME) for February has already exceeded figures seen during the whole month of January, and is on track to hit a fresh all-time high, according to The Block's Data Dashboard. CME ether options open interest for February has reached $468 million, with still almost two weeks to go before the end-of-month expiry on Friday, Feb. 23. Current ether open interest exceeds that for the whole month of January, which reached $385 million.
Source
@CryptoWorldNews
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🥇 Bitcoin made the highest weekly close since December, 2021.
🤝 @Cryptocurrency_Inside ✅
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💰 Billionaire Stanley Druckenmiller says he should own Bitcoin
“It’s clear young people look at #bitcoin as a store of value. It’s a brand. I don't own any, but I should.”
- Stanley Druckenmiller
@CryptoWorldNews
🪙 Ethereum traders target $3K, but historical data raises a few red flags for ETH price
Ether price has been on an upward trend for the past 10 days, accumulating gains of 21.5% during this period as it flirts with the $2,800 level. The bullish momentum in cryptocurrencies is attributed to the strong inflow into the recently launched spot Bitcoin exchange-traded fund (ETF) in the U.S. However, Ether has additional drivers that could potentially propel its price above $3,000—a level that left scars the last time it was tested in March 2022. Will Ether’s eventual rally to the $3,000 turn out differently this time?
Source
@CryptoWorldNews
💰 Stablecoin regulations are coming.
Coinbase's Grant Rabenn and Circle's Caroline Hill just requesting congress to crack down and issue enforcement actions on their competitors.
@CryptoWorldNews
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📣 MicroStrategy now holds $10b worth of 💰 Bitcoin, Investments currently have $4 billion in unrealized profits
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NEW: 🇯🇵 Bitcoin now has a new all time high of ¥7,819,902❗️
This comes amid the confirmation that Japan's economy officially entered a recession.
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🪙 Ethereum Developers Create 'DN-404' Tokens After ERC-404s Send Network Fees Surging
A group of Ethereum application developers on Monday started a new token contract to solve the apparent drawbacks linked to the experimental standard known as ERC-404s, which has exploded in popularity, adding to network congestion and driving up fee rates. On Ethereum, ERC-20 is the agreed-upon framework for token issuance, while ERC-721 is for non-fungible tokens (NFTs).
Source
@CryptoWorldNews
⚪️ Robinhood's Higher Crypto Revenue Could be Positive for Coinbase Earnings
Robinhood (HOOD), the popular trading platform, said in a statement that its crypto revenue rose 10% versus a year earlier in the fourth quarter, reaching $43 million, as more users traded crypto. This could bode well for crypto trading platform peer Coinbase (COIN), where trading volume is one of the key contributors of revenue.
Source
@CryptoWorldNews
🪙 Franklin Templeton files for spot Ethereum ETF, becoming ninth applicant overall
Franklin Templeton has become the latest asset manager to apply for a spot Ethereum exchange-traded fund (ETF) with the publication of a Feb. 12 filing. The company detailed its plans in an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). Like other similar proposals, the fund will issue shares representing its assets — primarily Ethereum (ETH), which will be held by a custodian on its behalf.
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@CryptoWorldNews
⚡️ ₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: The price of a Bitcoin 💰 hits to $50,000
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💰 Bitcoin’s market structure beneficial to price post-halving — Grayscale
According to Grayscale, Bitcoin ETFs can fundamentally change the cryptocurrency’s demand-supply ratio, counterbalancing the halving’s sell pressure. Fundamental changes to Bitcoin’s demand-supply equation are likely to have a greater impact on the cryptocurrency prices following the upcoming halving, according to an analysis from asset manager Grayscale. "Beyond generally positive onchain fundamentals, Bitcoin’s market structure looks beneficial to price post-halving," says the report.
Source
@CryptoWorldNews
💰 Bitcoin Rockets Towards $50K as Bulls Dominate Amid ETF Surge!
Bitcoin’s price trajectory dominates headlines as it inches closer to the $50,000 milestone amidst ETF flows and regulatory scrutiny. BTC’s value currently stands at $48,153.12, witnessing a 1.8% increase from yesterday and a 12.0% surge over the past week. The cryptocurrency‘s aggregate traded volume over the last 24 hours amounted to $20,273,385,785, reflecting heightened market activity. The overall crypto market cap jumps by 9.46% to $1,739 billion, fueled by the fear of missing out (FOMO) sentiment.
Source
@CryptoWorldNews