A crypto index fund is a type of investment fund that holds a basket of cryptocurrencies, similar to a traditional stock index fund.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Genesis sues Roger Ver for $20M over unsettled crypto options trades
Roger Ver, commonly known as “Bitcoin Jesus,” has 20 days to answer the summons from Genesis unit GGC International before being required to pay by default.
Nifty News: Porsche ends 'low effort' NFT mint early, Oreo dunks into the Metaverse and more
Porsche’s first foray into NFTs appears to have flopped after recording underwhelming sales and was heavily criticized by the community.
Nifty News: Porsche ends 'low effort' NFT mint early, Oreo dunks into the Metaverse and more
Porsche’s first foray into NFTs appears to have flopped after recording underwhelming sales and was heavily criticized by the community.
Six on-chain metrics suggesting Bitcoin is a 'generational buying opportunity'
Six tried and tested on-chain metrics are repeating patterns last seen at the bottom of the past three bear markets.
Saudi Central Bank still researching CBDC, but no decision on deployment
Saudi Arabia's central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases.
Court to hear oral arguments in Grayscale's lawsuit against SEC in March
Grayscale previously anticipated being able to voice their arguments in the second quarter of the year, calling the recent motion “welcome news.”
Court to hear oral arguments in Grayscale's lawsuit against SEC in March
Grayscale previously anticipated being able to voice their arguments in the second quarter of the year, calling the recent motion “welcome news.”
Casual gamers a ‘critical’ audience for blockchain games: GameFi execs
Many casual gamers are still reluctant to play games that use blockchain tech, but gaming execs believe one good game could change that.
Arizona lawmakers seek to make crypto a tax-exempt property
Should the bill pass the legislature, Arizona voters could choose whether virtual currency is tax exempt as part of a November 2024 ballot measure.
Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company
The former chief product officer will receive a healthy severance package, as he departs from his previous role at the exchange.
New 'Celsius token' may be used to repay creditors: report
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company.
Ethereum futures and options data reflect investors’ growing confidence in ETH price
The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.
Ether/USD price index, 2-day. Source: TradingViewFrom one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors' sentiment.
Negative newsflow might have limited Ether investors' appetite after troubled cryptocurrency company Digital Currency Group (DCG) faced more legal issues this week. On Jan. 23, a group of Genesis Capital creditors filed a lawsuit alleging violations of federal securities laws. In addition, the plaintiffs allege the lending firm made false and misleading statements through a scheme to defraud potential and existing digital asset lenders.
Another new concerns for Ether holders came on Jan. 22 after, a "temperature check" proposal to deploy the Uniswap v3 protocol to BNB Chain received overwhelming support from the Uniswap community. 80% of Uniswap's UNI governance token holders have voted to deploy the additional version of the decentralized exchange protocol.
On the bright side, Ethereum developers have created a testing environment for the upcoming Shanghai network upgrade. According to Ethereum developer Marius Van Der Wijden, the testnet appears to have been created to evaluate staking withdrawals, which are currently disabled on the mainnet. Over 14.5 million ETH (worth $23 billion) has been deposited into the Ethereum staking contract, and harsh criticism followed the multiple delays in enabling withdrawals.
Ethereum futures and options data reflect investors’ growing confidence in ETH price
ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
Ethereum futures and options data reflect investors’ growing confidence in ETH price
The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.
Ether/USD price index, 2-day. Source: TradingViewFrom one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors' sentiment.
Negative newsflow might have limited Ether investors' appetite after troubled cryptocurrency company Digital Currency Group (DCG) faced more legal issues this week. On Jan. 23, a group of Genesis Capital creditors filed a lawsuit alleging violations of federal securities laws. In addition, the plaintiffs allege the lending firm made false and misleading statements through a scheme to defraud potential and existing digital asset lenders.
Another new concerns for Ether holders came on Jan. 22 after, a "temperature check" proposal to deploy the Uniswap v3 protocol to BNB Chain received overwhelming support from the Uniswap community. 80% of Uniswap's UNI governance token holders have voted to deploy the additional version of the decentralized exchange protocol.
On the bright side, Ethereum developers have created a testing environment for the upcoming Shanghai network upgrade. According to Ethereum developer Marius Van Der Wijden, the testnet appears to have been created to evaluate staking withdrawals, which are currently disabled on the mainnet. Over 14.5 million ETH (worth $23 billion) has been deposited into the Ethereum staking contract, and harsh criticism followed the multiple delays in enabling withdrawals.
Blockstream raises $125M to finance expanded Bitcoin mining operations
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
UK gov't is hiring a central bank digital currency lead for Treasury team
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda.
Solana (SOL) price rally could fizzle out due to weak fundamentals
Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others.
It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops.
SOL funding rate for perpetual swaps. Source: CoinglassRegardless of the reason behind the price increase, if enough buyers are interested in joining the bullish move, it can turn into a medium-to-long-term bullish trend. However, Solana's fundamental and market analysis shows weakness, which will more likely cause a steep correction in the altcoin.
Solana finds a worthy competitor in NFT space
Solana ranks second in terms of NFT trading across blockchain platforms. Ethereum commands the lion's share of the total NFT trading volume with an 81.6% share. Solana has the second biggest pie with an 11.6% share, according to data from Delphi Digital.
However, the ecosystem received a setback when two of the largest projects in DeGods and y00ts decided to shift away from Solana. The departure of top-performing projects sets a bad precedent for product developers looking to launch NFTs. To date, Ethereum remains the go-to choice for big brands and community projects.
EU lawmakers vote for more restrictive capital requirements on banks holding crypto
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures.
3 reasons why the MANA and SAND metaverse token rally could end soon
The metaverse hype that began in 2021 dissolved almost entirely by the end of 2022 as the top projects in the space, Decentraland, and The Sandbox, lost 95% of their market capitalization. The most prominent reason for the fall was lack of usage growth.
Still, the metaverse narrative is far from dead and will grow in the future. Reportedly, Apple will launch its VR gear sometime in spring 2023. The announcement was a positive catalyst for MANA and SAND, causing a double-digit price surge.
While there’s evidence of positive buying volume supporting the pump, the weak fundamentals of metaverse platforms and overheated market indicators suggest that the price pump risks reversing quickly.
The Apple pump and dump
Facebook's (Meta) foray into the metaverse was one of the most prominent catalysts for metaverse tokens. The idea for Decentraland and The Sandbox's growth is that a decentralized metaverse would flourish more than Meta's centralized version.
However, technology has yet to become popular among the masses. In 2022, the percentage of VR users among Steam gamers was less than 2%, and the usage has yet to grow over the past two years. This is discouraging for the technology's adoption because the gaming sector was the first to embrace it.
