Author: e_cash_top

[ad_1] Grayscale has moved to convert its Ethereum Trust (ETHE) into a spot exchange-traded fund (ETF). In an Oct. 2 statement, the crypto asset investment product said the New York Stock Exchange Arca filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to convert its Ether Trust into a spot ETF. The filing…

[ad_1] Crypto investment products have recorded their first inflows since mid-August, as $21 million flowed into these products in the past week. CoinShares analyst James Butterfill said the inflows were a “reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.” However, he noted…

[ad_1] Trading volumes on decentralized exchanges (DEX) have slumped for six consecutive months to their lowest levels since January 2021. Volume on DEXs decreased to $44.28 billion in September, the sixth consecutive monthly decrease and the lowest recorded volume since January 2021, according to DefiLlama data. Decentralized Exchanges Volume (Source: DeFillama) During the first quarter…

[ad_1] The crypto market witnessed a tumultuous 24 hours between Oct. 1 and 2, seeing a massive liquidation spike. Around 85% of these liquidations were short positions, translating to $97.73 million in shorts liquidated in just a day. This rapid movement affected 29,510 traders, bringing the total liquidation value to $114.92 million. The most significant…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] In his opening remarks, Judge Lewis Kaplan ruled that the disgraced FTX founder Sam Bankman-Fried (SBF) cannot blame the bankrupt firm’s lawyers, according to an Oct. 1 ruling. The Judge surmised that allowing SBF to use the “advise of counsel” defense in his opening remarks risks jury prejudice. Going by this, Judge Kaplan ruled…

[ad_1] Days like today often flash headlines of massive liquidations, while the terms ‘spot’ and ‘futures’ mystify many. Let’s break down these complex terms and their significance in the crypto market. ELI5 (Explain Like I’m 5) Suppose you’re at a school fair. You see a toy you want, but you only have enough tickets to…

[ad_1] Former FTX CEO Sam Bankman-Fried (SBF) considered paying Donald Trump $5 billion to dissuade him from running for president, according to Michael Lewis, an author writing a book on the disgraced founder. “There was a number that was kicking around. And the number that was kicking around when I was talking to Sam about…

[ad_1] A wallet associated with the hack of the bankrupt FTX exchange moved about $38 million in Ethereum (ETH) since it became active during the weekend, with Sam Bankman-Fried’s trial about to commence. On-chain data shows that the attacker came to live on Sept. 30 when it first transferred 6,250 ETH, worth $10.46 million, in…

[ad_1] Bitcoin’s value reached notable heights over the weekend, increasing 4% over the past 24 hours. It rose significantly to $28,200 on Oct. 2, marking its highest trading value since August, according to CryptoSlate data. This growth comes amidst persistent anticipation surrounding the future of spot Bitcoin exchange-traded funds (ETFs). Chart showing the price of…