Bitcoin
The price of the world’s largest and oldest cryptocurrency continued to soar on Monday.
As Bitcoin surges past $65,000 for the first time since 2021, here’s what onchain data is telling us about the leading digital asset.
Marathon Digital’s new Slipstream service broke the record for the largest ever bitcoin block measured in raw bytes, containing a large image inscription related to the Runestone airdrop.
Previous bull markets have often been led by altcoins. Does this mean a more substantial altcoin rally is around the corner?
Ethereum
Ethereum users say they are spending upwards of $100 on gas fees for swaps and NFTs during peak times. The upcoming Dencun upgrade will lower fees, but there is a caveat.
Some providers are hoping to integrate staking into the US spot ether ETFs to generate additional income. However, the addition is unlikely to turn many investors’ heads away from spot bitcoin ETFs.
The iShares Bitcoin ETF joins an exclusive club that only includes 152 funds from the entire ETF universe of 3,400 offerings.
Regulation
The government regulator participated in a fireside chat on Thursday, talking about how “strange” the SEC’s approach of regulation through enforcement has been.
The banking giants are giving wealth management clients access to the spot bitcoin exchange-traded funds that received U.S. regulatory approval and started trading in January.
While some investors seemed ready to take profits as the price of bitcoin surged past $60,000 on Wednesday, many others seemed content to hold.