The crypto market is being overly pessimistic about the imminent launch of spot ether ETFs in the U.S. and net inflows could hit $20 billion in the first year, Steno Research said.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said.
WikiLeaks co-founder Julian Assange has received a $500,000 bitcoin BTC donation to cover the cost of a private jet that flew him out of the UK after he reached a plea deal with the U.S. Department of Justice (DOJ).