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VIRTUAL jumps 29%, but $4M in outflows and declining momentum indicators hint at a speculative rally. Can demand sustain the surge?
TRON, Jupiter, and Sonic lead today’s crypto market rally, fueled by major announcements and trading activity spikes. Learn more inside.
A Litecoin ETF would “most likely” be the next spot crypto ETF approved in the U.S., Bloomberg Analyst Eric Balchunas said.Canary Capital filed an amended S-1 form for its Litecoin ETF application on Wednesday, which may indicate engagement from the SEC.
Canary Capital’s updated Litecoin ETF filing hints at SEC progress, igniting optimism and a price surge for LTC. Formal approval steps are still awaited.
VanEck's "On-chain Economy" ETF aims to invest in companies driving crypto innovation while steering clear of direct cryptocurrency holdings.
- 15:51In the past 24 hours, $102 million in liquidations occurred across the network, primarily affecting long positionsAccording to Coinglass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $102 million, with long positions accounting for $69.84 million and short positions for $32.38 million. BTC liquidations amounted to $15.19 million, ETH liquidations to $29.99 million, and SOL liquidations to $4.52 million.
- 15:50Head of Research at a Leading Exchange: Claims of the "Largest ETH Short Position in History" Are Greatly ExaggeratedOdaily Planet Daily News: David Duong, Head of Research at a certain exchange, stated in an article that recent claims about the "largest ETH short position in history" are greatly exaggerated.He pointed out that in June, net inflows into Ethereum spot ETFs reached $1.16 billion, while leveraged fund short positions on CME Ethereum futures increased from $466 million in early May to $1.6 billion as of June 24, a rise that closely matches the ETF capital inflows.Duong explained that this phenomenon is mainly driven by basis trading. Since the basis yield offered by CME Ethereum futures compared to spot rose from an average of 6% in February to 8%-9% in May and June, more institutions have been attracted to participate in arbitrage by buying spot and selling futures. This does not indicate a pessimistic outlook on ETH.
- 14:46Famous Rapper Drake Mentions Bitcoin in New SongAccording to a report by Bitcoin Magazine, as cited by Jinse Finance, renowned rapper Drake mentioned Bitcoin in his new song. In the lyrics, Drake wrote: "I look at this the way I look at Bitcoin. It might go down this week, but it could go up next week."