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A new spot Bitcoin exchange-traded fund (ETF) tied to Truth Social, the media platform owned by Donald Trump, has been filed for listing on the New York Stock Exchange. NYSE Arca submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) on June 4, for the ETF’s approval. The fund aims to track
The post Just In: Donald Trump Company Truth Social Files To Launch Spot Bitcoin ETF appeared first on CoinGape.
Ethereum (ETH) price showed strength despite Bitcoin’s brief pullback on Monday. Is this faux strength, or will the ETH price continue to ascend? A closer look at technical analysis and on-chain data indicates clear signs of exhaustion and a potential crash to $2,000. Sell Signs Flash as Ethereum Price Rally Stalls Below $3,000 At press time, Ethereum trades at $2,638 and is up 3.10% today. Due to the recent uptick, the market cap of ETH hovers around $318 billion. Sell Signal 1: Bearish Divergence Hints $2,000 Retest Likely On the daily chart, Ethereum’s price has been trading between $2,323 and $2,738 with signs of bullish exhaustion. While ETH produced almost equal highs in the past two weeks, the momentum indicators like RSI and AO produced lower highs. This non-conformity is termed bearish divergence and hints ETH price is due for a short-term pullback. The Relative Strength Index (RSI) has recently… Read More at Coingape.com
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When you’re fending off the feels (you know the ones), the only thing that’s really proven to help is lots and lots…
Token unlocks play a pivotal role in the crypto market, impacting liquidity, price volatility, and investor sentiment. They are events in crypto where locked coins or tokens are released and become available for trading in the open market.
This week, three major projects—Axie Infinity (AXS), Jito Labs (JTO), and Xave (XAV)—will release previously locked tokens into circulation. Here’s what you need to know and watch for.
Axie Infinity is a blockchain-based game featuring digital creatures called Axies, often compared to Pokémon. This pet-centric game combines elements of blockchain, NFTs, and ERC-20 tokens, offering players the chance to collect, battle, and trade unique creatures in a virtual world.
The April 12 unlock will consist of 10.72 million AXS tokens valued at about $29 million. Axie Infinity will award the majority of these tokens for staking rewards and for the team.
Jito is a liquid staking service on Solana that distributes MEV rewards to holders. On April 7, Jito will unlock 11.3 million tokens which is currently worth around $20 million.
The project will allocate the majority of the unlocked tokens for ecosystem development, core contributors, and community growth. Additionally, it will allocate 10% of the tokens for airdrops.
Xave is a DeFi platform that focus on decentralized foreign exchange (FX) markets. It enhances stablecoin liquidity through an automated market maker (AMM) model.
On April 11, the network will unlock over 313 million XAV tokens, which constitutes just over 3% of the total supply. Xave will largely focus distribution to the team, investors, and treasury.
Other prominent token unlocks that investors can look out for this week include Delysium (AGI), Parcl (PRCL) and Circular Protocol (CIRX).
The post 3 Token Unlocks for the Second Week of April appeared first on BeInCrypto.