Being bullish on Ether (ETH) has paid off recently because the token gained 60% in the last 30 days. The spectacular growth of decentralized finance (DeFi) applications likely fueled inflow from institutional investors, and the recent London hard fork implemented a fee burn mechanism that drastically reduced the daily net issuance. Although Ether is not yet a fully deflationary asset, the upgrade paved the way for Ethereum 2.0 (Eth2), and the network is expected to abandon traditional mining and enter the proof-of-stake consensus soon. Ether will then be slightly deflationary as long as fees remain above a certain threshold and …

James QU, currently the CTO at PlatON Network, comes from a traditional corporate background. Before joining PlatON, he worked as an executive director for Morgan Stanley and associate director for UBS Securities Tokyo. “I focused on electronic and algorithm trading for decades,” he shared. In 2015, following the Chinese market crash, QU left Morgan Stanley, where he had worked for over nine years, and started an algorithmic trading company, which remains one of the top companies in China till this day. QU was first introduced to blockchain technology in 2016 and admitted that he realized right away that it would …

TradeSanta describes itself as an automated trading platform designed to make crypto trading accessible to everyone. Its powerful, but easy-to-use interface, enables traders of all experience levels to benefit from deploying trading bots on their behalf. The platform has Bitcoin, Ethereum, and over a hundred other trading bots already operational on exchanges like Binance, Huobi, OKEX, HitBTC, Binance U.S., and most recently, Coinbase Pro. TradeSanta anticipates that the integration with Coinbase Pro will expand its user base to include some of the exchange’s 56 million traders. “TradeSanta’s bots take automated trading one step further. Thousands of traders already rely on …

Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ether (ETH) trading volume surpassed Bitcoin’s (BTC) for the first time on the platform. Coinbase posted its Q2 report on Tuesday, and the crypto exchange’s revenue beat analyst predictions — with industry-standard financial estimators Refinitiv forecasting $1.78 billion in expected revenue for the firm. Coinbase’s earnings per share came in at $3.45, compared to estimates of $2.33. The trading platform posted a net profit of $1.6 billion in Q2, a whopping increase of 4,900% compared to the $32 million recorded in the same period in 2020. For …

Investment firm Victory Capital Management has filed an application with the United States Securities and Exchange Commission (SEC) for a cryptocurrency exchange-traded fund. In a Form S-1 registration filed Tuesday with the regulatory body, Victory said it intended to move forward with listing an exchange-traded fund, or ETF, tracking the Nasdaq Crypto Index as part of an agreement with Brazilian fund manager Hashdex. The index consists of eight cryptocurrencies: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink's LINK, Stellar's Lumen (XLM), Filecoin (FIL) and Uniswap's UNI. “A potential future ETF offering will provide our clients with convenient exposure …

Last week's momentum in Bitcoin (BTC) has all but faded as its price is once again below the $39,000 level, with bears and bulls locked in a heated battle for market dominance. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price faltered, several altcoins like Voyager Token (VGX), Perpetual Protocol (PERP) and Terra (LUNA) saw double-digit gains. VGX/USD The top performer over the past 24 hours has been Voyager Token, the native asset of cryptocurrency brokerage platform Voyager, which offers retail and institutional investors a secure place to purchase, trade and lend crypto assets. VORTECS™ data from …

Bitcoin (BTC) has seen an impressive rally of 44% with 10 green days in a row. This rally and the substantial number of green days resulted in a sentiment shift. Practically two weeks ago, the market was comparable to a funeral, with many expecting more downside to $20,000. However, the sentiment completely shifted after the breakout above $31,000. The current sentiment is the expectation of Bitcoin to rally to $100,000 or higher in the second part of this year, while on-chain analysts are back on their game, once again. Is Bitcoin going to break upward from here, or will a …

Ethereum’s native asset, Ether (ETH), dropped after reclaiming its two-month high in the previous session, suggesting that its recent bullish rally was nearing exhaustion. In detail, the ETH/USD pair topped out at $2,699 on Sunday for the first time since June 7. The pair’s peak level also pushed its relative strength index (RSI), a momentum-gauging indicator, above 70 — a mark that analysts consider overbought. Seemingly, traders with short-term risk setups sold the Ether top to secure interim profits, leading up to a modest downside correction. On Monday, Ether prices rose 1.81% to $2,600 to offset the Sunday sell-off risks. …

Shares of cryptocurrency-friendly trading app Robinhood dropped more than 8% in its public Nasdaq debut on Thursday, marking one of the worst initial public offering (IPO) debuts of its size. Robinhood’s HOOD stock tumbled 8.4% below the IPO price in the company’s first trading session on Thursday, dropping from $38 to $34.82. The company went public on Nasdaq at a $32 billion valuation to see its market capitalization fall to $29 billion after the HOOD stock ended the session below $35. According to data compiled by Bloomberg, the company’s first trading day marked the worst debut on record among 51 …

On Friday, July 30, a total of 42,850 Bitcoin (BTC) options contracts ($1.7 billion) are set to expire. This might be the first time since the May 21 weekly expiry that bulls will be able to profit from the $40,000 call (buy) options. The most recent surge in price may have been prompted by the rumor that Amazon would accept crypto payments, but after the e-commerce giant denied these rumors, BTC has held relatively steady. According to options markets, regardless of the reason behind the recent market strength, a few incentives are in place for bulls to sustain the $40,000 …

Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21. Unlike most of its peers, however, TEL’s upward trend remained alive for the entire week, leading to a respectable 82% gain against the dollar and a 43% gain against Bitcoin (BTC) over a seven-day period. Given the market dynamics of the time, many traders may simply attribute this performance to a marketwide oversold bounce — but was there a way for traders …

A digital assets platform has launched an Americas unit as part of its global expansion. OSL says the move is in response to growing institutional and corporate demand for digital assets. Led by Fernando Martínez, OSL Americas delivers prime brokerage — including electronic and over-the-counter execution as well as coin borrowing and lending. It is also set to serve as a regional hub for engagement with the company’s software-as-a-service partners. In time, access will be offered to the platform’s institutional-grade exchange. OSL’s CEO, Wayne Trench, said: “OSL's combination of experienced traders, deep global relationships and advanced technology allow its prime …