Crypto News Center

Ethereum ETFs Boom: BlackRock and Fidelity Dominate $855M Inflows Week

You are here: Home / News / Altcoin News / Ethereum ETFs Boom: BlackRock and Fidelity Dominate $855M Inflows Week Ethereum spot exchange-traded funds (ETFs) recorded their highest-ever weekly inflows, totaling $855 million from December 9–13, 2024. This marks a significant milestone for Ethereum, reflecting heightened institutional interest and confidence in the cryptocurrency market. Leading the charge, BlackRock’s ETH ETF (ETHA) attracted $523 million in net inflows during the week....

$200 Million ADA Sell-Off Fuels Fears of Cardano Price Falling Below $1

Cardano’s (ADA) price has been experiencing a downtrend recently, raising concerns about a potential drop below the $1 support level. A major contributing factor to this decline is the selling activity by large ADA holders, often referred to as whales. These Cardano investors have been unloading their coin holdings, likely taking advantage of recent gains to secure profits. Cardano Whales Trigger Selloffs BeInCrypto’s assessment of Cardano’s on-chain performance has revealed...

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield its platform’s integrity and its customers from the potential hazards linked to Justin Sun’s association with...

Pudgy Penguins Token PENGU Starts Trading, Tumbles on Major Exchanges

The highly anticipated PENGU token dropped over 50% shortly after its airdrop to NFT holders. The token is down nearly 60% in the last 24 hours. The decline was mirrored by a sharp drop in the Pudgy Penguins NFT floor price, falling from 33 ETH to 16 ETH. One trader reportedly earned US$13.7M (AU$21.6M) by flipping 5.3 million PENGU tokens within 20 minutes. Oh, boy. This one is definitely not...

Binance Faces Legal Action for Failing to Protect Australian Consumers

You are here: Home / News / Altcoin News / Binance Faces Legal Action for Failing to Protect Australian Consumers The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance’s Australian arm for allegedly failing to protect consumers. The case centers on claims that Binance misclassified 505 retail investors as wholesale clients, which exposed them to high-risk and speculative crypto derivative products. ASIC argues that this misclassification...

Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin

XRP whales have been on a buying spree as blockchain payments company Ripple officially launched its dollar-backed stablecoin, RLUSD, on several global crypto exchanges this Tuesday.  The stablecoin is now available for trading on platforms Bitso, Uphold, CoinMENA, MoonPay, and Archax, with additional listings expected soon. Ripple RLUSD Stablecoin Launches Amid Price Volatility RLUSD is designed to maintain a stable value in line with the US dollar and is compatible...

Ethereum Sees Major Institutional Accumulation And Record ETF Inflows

Ethereum ($ETH) is witnessing substantial institutional interest, as significant transactions highlight ongoing accumulation. Nine hours ago, two multisignature wallets linked to the same creator withdrew their first 4,502 $ETH (worth $17.54 million) from Binance at an average price of $3,895. These tokens were subsequently staked with @KelpDAO. As $ETH’s price rebounded above $4,000, this move netted the wallets an estimated $517,000 profit (+3%). In another high-profile transaction, Justin Sun, the...

Ripple’s RLUSD stablecoin set to launch tomorrow as XRP token jumps 8%

RLUSD will be available on major exchanges Uphold, Bitso, MoonPay, and also on the Ethereum blockchain. Photo: Ripple Key Takeaways Ripple announces RLUSD stablecoin launch for December 17, 2024. XRP token surges 8% on RLUSD news, reaching $2.56 with a $146 billion market cap. Ripple has officially announced that its USD-backed stablecoin, Ripple USD (RLUSD), will launch on Tuesday, December 17, 2024. Initially, the stablecoin will be available on exchanges...

W Africa bloc offers junta-led states six months to rethink exit

By Camillus Eboh ABUJA (Reuters) - Mali, Burkina Faso and Niger will have a six-month grace period after their scheduled exit from West Africa's main political and economic group next month during which the ECOWAS bloc will try to persuade them to stay, the bloc's leaders agreed on Sunday. The summit of the Economic Community of West African States (ECOWAS) was seen as a chance to address the impending withdrawal...

This Cat Meme Coin Could be Poised to Explode 700X Like Popcat in 2025

Cat-based Meme Coins To Dominate The Upcoming Altcoin Run? Move over, Popcat. There’s a new feline meme coin in town, and it’s not afraid of slapping you out of the way. Catslap ($SLAP) is sending big waves through the crypto industry this week as its free flow of market-moving developments continues. Its new Zealy social quests campaign and airdrop pack a punch that could send Catslap well beyond the $0.1...