The first week of August closed with the Nasdaq Crypto IndexTM (NCITM) falling 1.8%, bitcoin (BTC) dropping 1.0% and ether (ETH) down by 2.4%.
Race for ETH futures ETFs kicks off
Six firms have filed applications with the SEC for ether futures ETFs, in a sign that demand for crypto assets beyond just BTC remains strong in the US.
Number of long-term BTC holders hits new high as volatility reaches new low
On-chain data shows bitcoin long-term holders now hold over 14 million BTC—a new high that signals more individuals see long-term value in these assets—as the 180-day historical volatility for BTC and ETH is at an all-time low.
Coinbase asks court to drop SEC lawsuit
CEO Brian Armstrong revealed that the SEC's demand that Coinbase delist all cryptocurrencies left them with no alternative but to pursue legal action, the results of which will help determine the future regulatory landscape for crypto assets in the US.
From Hashdex: Tokenization and getting old: The generational divide boosting Ethereum’s investment case
Ethereum celebrated its eighth anniversary last week, prompting our research team to delve into the tokenization theme. In our analysis, we explore the current state of this trend and its potential positive impact on Ethereum's investment prospects.
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