Bitcoin-Based Apps Drive Miners’ Income
The increase in transaction fee revenue for Bitcoin miners can be attributed to new token protocols such as Ordinals and Runes. The fourth Bitcoin halving event has resulted in a 50% reduction in miners’ earnings. However, the increase in decentralized application (dApp) activity on the Bitcoin blockchain has sufficiently alleviated the financial burden on miners. […]
SEC Postpones Invesco Galaxy Ethereum ETF Decision until July
The SEC has postponed its ruling on the Invesco Galaxy spot Ethereum ETF until July 2024, extending the review of cryptocurrency products. The Securities and Exchange Commission (SEC) has announced yet another delay in the decision-making process for the Invesco Galaxy Ethereum ETF. The SEC currently intends to issue its decisions by July 5, 2024. […]
Bitcoin ETF Inflows Strong As Wall Street Hopes of Fed Rate Cuts
Bitcoin ETF inflows continue as Wall Street rises on hopes of Fed rate cuts and a ceasefire in the Hamas-Israel war. The week begins on a high note for Bitcoin investors, with US Bitcoin ETFs seeing net outflows of $217 million on Monday, May 6. However, this occurred as the leading three Wall Street indices […]