Go to Source Author: Omkar Godbole
Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report said
The representative body said it is unlikely the new standards will lead to mass delisting of altcoins on domestic exchanges.
The Nasdaq-listed bitcoin mining firm aims to reach 30 EH/s and 510 MW in data center capacities this year.
Ether-tracked investment products have collectively lost nearly $120 million in the past two weeks while bitcoin products recorded inflows.
Pendle saw a 40% decrease in its total value locked, dropping from $6.18 billion on June 27 to $3.7 billion now.
Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, one trading firm said.
Fidelity’s FBTC led the inflows yesterday with $65 million, followed by Bitwise’s BITB, which recorded $41 million.
Northern Data is evaluating potential advisors and may appoint lead banks in the coming months, Bloomberg reported.
The crypto exchange said that the Securities and Exchange Commission has yet to identify evidence of wrongdoing by Binance.
