🚨 Today’s Top Headlines: Breaking News You Can’t Miss! 🚨

Author

CoinGape Media
August 08, 2024

News

Grayscale Investments and Bitwise have officially joined the bid to launch Options trading on spot Ethereum ETF products

Grayscale Investments and Bitwise have submitted filings with the US Securities and Exchange Commission (SEC) to list Options products on their spot Ethereum ETF offering. According to a filing lodged by both asset managers, the New York Stock Exchange (NYSE) is contracted as the stock trading platform to list the products, if approved.

Binance announces the listing of Toncoin (TON) for spot trading on August 8, 2024. The move has already driven a 12% surge in TON.

Binance, the leading global cryptocurrency exchange, has announced a major development that is bullish for the Toncoin (TON) ecosystem. In a highly anticipated move, the exchange has revealed plans to list TON for spot trading on its platform.

This news has already had a profound impact on the market, with the price of TON surging over 10% in anticipation of the listing.

Pro-crypto presidential candidate Donald Trump will attend a press conference on Thursday, August 8, igniting speculations of a 'huge' announcement for the crypto space.

Former President Donald Trump announced plans to hold a press conference on Thursday, August 8, at his Mar-a-Lago estate. This announcement drew widespread attention due to recent developments both in the political and crypto regulatory space. The announcement comes at a pivotal moment in the 2024 election race, as Vice President Kamala Harris gains traction in national polls.

Markets

BTC holds the $57K price level despite encountering turbulence. XRP soars nearly 20% post Judge Torres' ruling in the Ripple vs SEC lawsuit.

Bitcoin (BTC) price maintains a hold above $57K despite encountering significant turbulence over the past day. The Ripple Labs-backed crypto XRP’s price gained nearly 20% against the backdrop of Judge Torres’ latest ruling on the SEC’s motion for remedies. Moreover, Solana (SOL) also gained considerably, whereas Ethereum (ETH) traded in the red zone.

The global crypto market cap jumped 0.44% to $2.02 trillion. Besides, the total crypto market volume slipped 5.37% to $99.14 billion.

Here’s a brief overview of some of the highest-ranking cryptocurrencies by market cap and their price action today, August 8.

Technical analysis suggests the upcoming Chang hard fork which is only 3% nodes away from launch may not be enough to boost Cardano price in the short term.

The Cardano price has been trending downward for the past couple of weeks owing to bearish market conditions. Nevertheless, the community remains optimistic about the upcoming Chang hard fork upgrade, using it to build hype around the ADA price.

However, Cardano’s technical analysis shows a different story, with a bearish reversal pattern flashing across the chart. Coupled with the overall market bearish conditions, Chang’s upgrade may not do much to uplift ADA’s price.

🐳 Bitcoin Prices Eyes Upswing As BTC Whales Accumulate

​​Bitcoin price could trigger a short-term rally as whales are buying BTC on recent dips. Can BTC overcome this key hurdle and retest.

Bitcoin (BTC) price is stuck in a sideways motion after the recent 30% crash. The recent move from the Bank of Japan has opened the path for buyers to push BTC higher, at least in the short term. Investors can expect a minor rally if a key resistance level is overcome.