Grayscale tops $50 billion: ‘Will soon pass Worlds Largest Commodity ETF’
Grayscale continues to grow, passing $50 billion. That’s equivalent to the world’s second-largest commodity ETF. Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale’s AUM is creeping ever closer to the $57 billion holdings of the worlds largest commodity ETF.
Dallas Mavericks fans bought $122,000 of merch using Dogecoin price
The billionaire owner of the Dallas Mavericks, Mark Cuban, tweeted his team had sold more than $122,000 worth of merch paid for in Dogecoin price. He added he intends to keep every token earned. Given the hazy use case of Dogecoin price and its infinite supply, this turn of events has raised a few eyebrows.
ETH spikes to new record highs draw closer to $2,500
Ethereum ignores a brief hiccup in the market to trade new all-time highs at $2,453.
ETH’s short-term technical picture is firmly bullish, as shown by the MACD.
Ethereum hits another milestone, extending the bullish leg toward $2,500. Across the board, crypto-assets retreated, but Ether remains steady.
$420M in leveraged long traders liquidated after XRP rallies to $1.96
XRP price dropped by 20% shortly after making a 2021 high at $1.96, but have the altcoin’s bullish fundamentals changed. XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14.
Bitcoin power consumption ‘66 times higher than in 2015’
The Bitcoin energy consumption debate is heating up faster than the planet, with corporations facing pushback from the public and shareholders over Bitcoin investments. According to a Citigroup Inc. report, Bitcoin is consuming 66 times more electricity than it did in 2015. It added that the carbon emissions associated with mining will likely face increasing scrutiny, according to Bloomberg.