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Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam
Traders see ETH’s $3.2K pullback as a ‘buy’ while ETFs build steam

Analysts believe Ether will see “tremendous” price action once spot ETFs build momentum, similar to Bitcoin after the launch of spot Bitcoin ETFs.

Cointelegraph·2024/07/25 02:04
Ethereum might not be rallying yet, but it is still extremely bullish
Ethereum might not be rallying yet, but it is still extremely bullish

Share link:In this post: Ethereum’s spot ETF launch didn’t cause the market to explode, with inflows of $107 million on the first day. Ether is currently trading below key moving averages, indicating short-term bearish momentum despite a long-term bullish outlook. Analysts remain bullish, expecting Ethereum to break all-time highs with sustained institutional interest.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the infor

Cryptopolitan·2024/07/24 22:10
Experts react to spot Ethereum ETFs debut, compare it to Bitcoin ETF launch
Experts react to spot Ethereum ETFs debut, compare it to Bitcoin ETF launch

Spot Ethereum ETFs recorded $106.7 million in net inflows on Tuesday.“I think they pretty much met expectations for me,” Bloomberg Intelligence’s James Seyffart told The Block.

The Block·2024/07/24 18:16
Here’s How Much Crypto Sanctioned Russian Media Outlet SouthFront Received: Chainalysis
Here’s How Much Crypto Sanctioned Russian Media Outlet SouthFront Received: Chainalysis

Chainalysis identified that the expansion of crypto-linked disinformation campaigns by actors like SouthFront and ISWN poses risks to global elections in 2024.

Cryptopotato·2024/07/24 14:19
Flash
19:39
According to sources familiar with the matter, Starbucks recently underwent a round of workforce reduction, cutting around 60 positions at its Hong Kong office and approximately 120 positions at its London office.
This adjustment is seen as part of the global coffee chain giant's effort to optimize its global operating structure and improve efficiency. The company stated that this is a regular part of its ongoing evaluation and adjustment of operations to support its long-term growth strategy, aiming to reallocate resources to key growth areas. Despite the personnel changes, Starbucks reaffirmed its unchanged commitment to the relevant markets and will continue to focus on providing a high-quality experience for customers. Market analysts believe this move reflects the dining and retail industry's increasing focus on streamlining operations and enhancing efficiency when faced with cost pressures and growth challenges.
19:23
According to relevant sources, a very large oil tanker is once again sailing from the Persian Gulf towards the Strait of Hormuz after a brief course adjustment.
Tanker tracking data shows that the Desh Vibhor, which had previously appeared to be planning to sail along the southern route recommended by the US military, has now switched to a more northern route, heading towards the Iranian coastline. This super tanker previously performed a turning maneuver, and later adjusted its course again to resume its journey toward the Strait of Hormuz.After the US and Iran signed a temporary peace agreement this Wednesday, the international crude oil market has been closely monitoring the dynamics of oil transportation through the Strait of Hormuz. Although the two countries have reached an agreement, Iran has stated publicly that any vessel without Iranian permission is still prohibited from passing through this waterway.
19:04
The Central Bank of Mexico announced the official exchange rate for the peso, with 1 US dollar convertible to 17.3247 Mexican pesos.
The determination of this official exchange rate will serve as an important reference for cost accounting in Mexico's import and export trade, cross-border consumer settlements, and cross-border capital flows. Relevant market participants may refer to this official pricing when conducting exchange-related transactions between the US dollar and the Mexican peso.
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