SEI gains 12% as Bitcoin ETF inflows boost crypto market
SEI trades at $0.53, up 12% weekly, testing key support at $0.50. Analysts note bullish momentum amid Bitcoin ETF inflows and Ethereum upgrades.
Arbitrum (ARB) drops 10% to $0.48 as on-chain activity weakens
Arbitrum (ARB) dropped 10% to $0.48 as on-chain activity declined; Ethereum layer-2 networks saw $2.5B TVL amid market volatility.
Tether hits $165B as stablecoin sector reaches $273B in Q2 2024
Tether’s market cap reaches $165B as the stablecoin sector grows to $273B, with USDC and DAI also showing significant adoption in Q2 2024.
Galaxy Digital converts Helios facility into AI data center with $1.4B loan
Galaxy Digital secured a $1.4B loan to repurpose the Helios mining facility into an AI data center, targeting Bitcoin mining and AI infrastructure expansion by 2025.
Coinbase Onchain borrowing hits $600M with Ethereum and Bitcoin as primary collateral
Coinbase Onchain borrowing reached $600M, reflecting growing DeFi adoption. Ethereum and Bitcoin dominate as collateral, with 15% monthly growth in loans.
Institutional Bitcoin holdings reach 20% as BlackRock and Fidelity expand crypto assets
Institutional Bitcoin holdings approach 20% of supply, with BlackRock and Fidelity leading. Grayscale holds 650,000 BTC. Wall Street interest grows steadily.
Ethereum (ETH) drops 12% in June amid market volatility
Ethereum (ETH) dropped 12% last month, trading at $3,200. Bitcoin (BTC) and Solana (SOL) also saw declines amid market volatility and regulatory scrutiny.
Ethereum nears $4,000 as institutional inflows surge 30%, Cryptoquant reports
Ethereum approaches $4,000 amid shifting investor preference, with Cryptoquant reporting a 30% surge in institutional inflows and Bitcoin dominance dropping to 40%.
UAE crypto industry to rank second by 2025, says Chase Ergen
Chase Ergen predicts crypto will become UAE’s second-largest industry by 2025, surpassing real estate, with Bitcoin and Ethereum leading growth.
Ethereum transactions drop below Solana amid altcoin market uncertainty
Ethereum trails Solana in daily transactions, processing 1.2 million versus Solana’s 2.3 million, raising concerns about altcoin market stability and investor sentiment.
