Author: Digicoinvision

Matrixport predicts that the Ethereum price may continue to consolidate as ETH ETFs lose steam and BitMine continues to be its main consistent buyer. Summary Institutional demand for Ethereum has weakened in recent weeks, with BitMine emerging as the only major buyer amid persistent ETF outflows and declining market interest. Ethereum’s price continues to face bearish pressure below the $3,800 level, though oversold indicators suggest a potential short-term rebound if support near $3,700 holds. According to a recent report by Matrixport, institutional demand for ETH has gone down in the past month. In fact, the on-chain analysis platform identified BitMine…

The Hong Kong Monetary Authority is seeking to grow the tokenization ecosystem as part of its four-pronged growth strategy for its fintech sector over the next five years. In a statement on Wednesday during Hong Kong Fintech Week, HKMA said its Fintech 2030 strategy will focus “on four strategic pillars” referred to as “DART,” covering data, artificial intelligence, resilience and tokenization across 40 initiatives. Source: HKMA“The HKMA will accelerate the tokenisation of real-world assets (RWAs), including financial assets, and lead by example by regularising the issuance of tokenised government bonds and exploring the concept of tokenising the Exchange Fund papers,” it said. Accompanying…

Binance co-founder Changpeng “CZ” Zhao has pushed back on reports that he has been driving a proposal to establish a crypto-friendly private bank in the Central Asian nation of Kyrgyzstan, where he provides advisory services.The rumors emerged after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ had visited the country in May and suggested a cooperative effort to establish a private bank that also deals in cryptocurrency.Japarov claims he would have preferred to open a state-owned bank, but when CZ rejected the idea, “we agreed to open a private bank,” instead, which resulted in Bereket…

Most crypto projects will struggle to build anything long-term as they are forced to constantly chase new narratives to attract investors, according to Ten Protocol’s head of growth, Rosie Sargsian.In a Saturday article posted on X titled “Why Crypto Can’t Build Anything Long-Term,” Sargsiai suggested many crypto founders have paper hands, switching gears at the first sight of trouble. “Traditional business advice: don’t fall for sunk cost fallacy. If something isn’t working, pivot. Crypto took that and did sunk-cost-maxxing,” she wrote, adding: “Now nobody stays with anything long enough to know if it works. First sign of resistance: pivot. Slow user growth:…

Join Our Telegram channel to stay up to date on breaking news coverage The XRP price climbed 2% in the last 24 hours to trade at $2.49 as of 8 p.m. EST on trading volume down that slumped 57% to $2.04 billion. This is as Bitwise moves one step closer to launching a US-listed XRP ETF after filing the “final amendment” to its S-1 registration with the US Securities and Exchange Commission (SEC) on Oct. 31. That signals an approval may arrive within weeks.  The Bitwise XRP ETF is set to trade on the New York Stock Exchange (NYSE) with…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price climbed 0.65% in the last 24 hours to trade at $3,865.10 as of 11 p.m. EST on a 52% drop in trading volume to $16.52 billion. ETH got a boost from another buy by Tom Lee’s BitMine, which snapped up 7,660 ETH worth $29 million from Galaxy Digital on Oct. 31 via its OTC desk. Such large private deals are usually executed to avoid impacting the price. 🔥 NOW: Tom Lee’s Bitmine bought 7,660 $ETH from Galaxy Digital. pic.twitter.com/Jtcvhbn7bg — Cointelegraph (@Cointelegraph) November 1,…

Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since the $19 billion crypto crash.Over the past week, Bitcoin’s (BTC) realized cap rose by over $8 billion to surpass $1.1 trillion, as BTC’s realized price rose above $110,000, indicating strong onchain inflows. Bitcoin’s realized cap measures the dollar value of all coins at their last moved price, revealing the total investment held by Bitcoin holders.The new inflows are mainly attributed to Bitcoin treasury firms and exchange-traded funds (ETFs), according to Ki Young Ju, the…

Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments.Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news outlet Bloomberg, according to a Friday report.The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source.The stablecoin push could bring an additional source of revenue for Coinbase, which mainly relies…

Ethereum price has plunged into a bear market after falling by over 20% from its highest point this year as cryptocurrencies retreated. Summary Ethereum price has formed a bullish flag pattern on the weekly chart. Spot ETH ETF recorded over $114 million in inflows last week. Technical indicators suggest the coin will rebound in the near term. Ethereum (ETH) token was trading at $3,895 on Nov. 2, up by 178% from its lowest level this year. It has formed a bullish flag pattern, pointing to more gains as exchange-traded funds inflows rise.  Data compiled by SoSoValue shows that spot Ethereum…