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1Sell Bitcoin When This Happens, Warns Analyst—Here’s What to Watch For2Cardano (ADA) Uptrend Faces Hurdles: Will Bulls Break the Barrier?3XRP Price Sets Stage for Bullish Continuation: What’s Next?
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DailyCoin·2024/12/13 22:48
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HappyCoinNews·2024/12/13 21:22
Trump's Company Triggered Aave and Chainlink Price Pump
HappyCoinNews·2024/12/13 21:22
$0.47 Resistance in Focus as Dogecoin Forms Classic Double Bottom Chart Pattern
Cryptonewsland·2024/12/13 21:00
Solana Beats Ethereum – Is a $500 SOL Price Now Within Reach?
Solana appears to be vying to retake the podium with its latest victory, becoming this year’s leading ecosystem for new developers, ending Ethereum's 8-year dominance.
CryptoNews·2024/12/13 19:11
Avalanche Lands $250 Million as Crypto All-Stars Blows Past $15M – What’s Driving the Boom?
CryptoNews·2024/12/13 19:11
TON Blockchain’s Tact Language Has Security Risks – CertiK Audit
A new audit by CertiK reveals potential security risks in Tact, the programming language used for smart contracts on the TON blockchain.
CryptoNews·2024/12/13 19:11
MicroStrategy Joins Nasdaq 100, Potentially Elevating Bitcoin’s Institutional Recognition
Coinotag·2024/12/13 16:00
Flash
- 07:30Data: The net inflow of Ethereum spot ETF yesterday was 23.6072 million US dollars, continuing the net inflow for 15 daysAccording to SoSoValue data, as of yesterday (Eastern Time December 13), the total net inflow of Ethereum spot ETF was $23.6072 million. Yesterday, Grayscale's Ethereum Trust ETF ETHE had a single-day net inflow of $7.2362 million, with a current historical net outflow of $3.517 billion for ETHE. Grayscale's Mini Ethereum Trust ETF ETH had a single-day net outflow of $0.00, and its total historical net inflow is currently at $604 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETHA, with a single-day net inflow of $9.5069 million; its total historical net inflows have reached $3.199 billion so far. This is followed by Grayscale's ETHE which had a daily influx of 723.62 million USD and has seen an overall historic outflow reaching up to 35.17 billion USD. As of press time, the total asset value for the Ethereum spot ETF stands at approximately 13.783 billion USD while the ratio between this figure and Etherum’s market cap (ETF Net Asset Ratio) stands at about 2.92%. The cumulative historic influx has now reached around 22.65 billion dollars.
- 07:23Analysis: The inclusion of MSTR in the NASDAQ 100 index is also an indirect benefit for BitcoinMSTR has finally been included in the NASDAQ 100 index, a result that will take effect before the market opens on Monday, December 23, 2024. The NASDAQ 100 index includes the top 100 non-financial companies listed on NASDAQ. The index reflects the overall market performance of these companies and is one of the important indices watched by global investors. Analyst Crypto Hunter pointed out that this positive development will undoubtedly strengthen MicroStrategy's flywheel effect: entering the NASDAQ 100 index will bring a large amount of institutional buying. According to Bloomberg ETF analyst James Seyffart's analysis, ETFs tracking the NASDAQ 100 Index are expected to purchase $2.1 billion worth of MicroStrategy stock, which will attract more attention and purchases from institutional investors. A huge buy order will push up MSTR's price; an increase in share price and market value would then drive MSTR into more indices (such as S&P500), more related derivatives attracting even more institutional buyers. This would further push up MSTR’s price. Moreover, MSTR being included in the Nasdaq-100 Index is also indirectly beneficial for Bitcoin. Firstly, inclusion in Nasdaq-100 Index could boost MSTR’s stock price enabling MicroStrategy to issue shares at a premium thus having more funds to buy Bitcoin pushing its prices higher thereby increasing its net assets per share and earnings; Secondly, MicroStrategy’s demonstration effect may attract other businesses to follow suit investing in Bitcoin. As increasingly larger numbers of institutional investors enter cryptocurrency markets demand for Bitcoin might grow further driving BTC prices higher. Therefore after results were announced $BTC started showing strength which was also major recent positive news for bitcoin markets but caution needs be exercised as markets have already begun speculating about this good news. Crypto Hunter believes that after results take effect on December 23rd ,2024 both MSTR & Bitcoin might experience significant short-term pullbacks similar to market pullback seen after US Bitcoin ETF was listed on January 11th.
- 06:49The Reserve Bank of New Zealand announces a survey on CBDC: 90% of people believe they will be monitoredAccording to Iedger Insights, the Reserve Bank of New Zealand has announced the results of its CBDC survey launched in April. The survey received 500 detailed responses and 18,000 people participated in the public online survey. 90% of online survey respondents were concerned that the government would use CBDCs to monitor or control their spending, with over 70% expressing distrust in digital cash issued by reserve banks. However, among those who participated in comprehensive consultations, only 36% distrusted. A more common issue was whether respondents agreed with the reasons for investigating digital cash. Only 16% agreed while over 80% disagreed. The central bank gave the following reasons: To ensure that New Zealanders can use central bank currency and allow it to be used digitally,To establish an innovative, competitive currency and payment system conducive to New Zealand's digital economic development. One global concern about CBDCs shared by New Zealand is that they could accelerate the decline of physical cash; people want assurance that they will still have access to physical money.