Quick Take Bitcoin is on track to carve out its sixth straight month of gains, a rare occurrence that has only transpired once since 2013. This upward momentum started in September 2023, when Bitcoin ETF speculation catalyzed a sharp surge, propelling the digital asset market into Q4 with heightened enthusiasm.…
The price of Ethereum (ETH) approached $3,000 on Feb. 19 amidst anticipation concerning developments that are expected to occur in the coming months. As of 8:35 pm UTC, ETH was priced at $2,937 with a market capitalization of $352.96 billion. That change represents 4.12% growth over 24 hours — significantly…
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb. 19. Party officials announced the intention to explore the delay as…
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Decentralized storage platform Arweave’s AR token jumped to an 18-month high amid several developments within the blockchain network’s ecosystem. Data from CryptoSlate show that AR’s value rose to $14.68 after it soared by around 20% during the past day. This continued a run that has seen it gain over 65%…
The Japanese government approved a bill that permits Investment Limited Partnerships to acquire and hold crypto, indicating a shift in the country’s regulatory framework towards digital currencies. The Cabinet sanctioned the bill on Feb. 16. It is part of a broader legislative proposal to enhance Japan’s industrial competitiveness. It includes…
Crypto exchange Binance announced discontinuing trading and subscription services for its leveraged token offerings, including Bitcoin, Ethereum, and its BNB Coin, effective Feb. 28. According to the Feb. 19 statement, the exchange will delist these tokens and halt redemption by April 3. The affected leveraged tokens are BTCUP and BTCDOWN,…
Global digital asset investment products saw significant inflows last week, totaling $1.1 billion, propelling the year-to-date figure to $2.7 billion. The latest weekly report from CoinShares confirmed the surge in the inflow of funds into digital asset investment products, which pushed the assets under management to a peak not seen…
Digital assets in the artificial intelligence sector continued their recent surge, increasing by 10%, as Ethereum co-founder Vitalik Buterin stated that the technology could help the blockchain network mitigate its “biggest technical risk.” CryptoSlate’s data show that several tokens in the sector, including SingularityNET’s AGIX, 0x0.ai, Ocean Protocol’s OCEAN, The…
Alameda Research‘s holding in Worldcoin’s native token, WLD, has surged by over $50 million in the past day, thanks to the asset’s new all-time high. According to data from crypto analytics platform Arkham Intelligence, Alameda currently holds 25 million WLD tokens, valued at $186 million, constituting 33% of its portfolio…