Crypto News Sentiment

Updated: 1 month and 21 days ago

Good news first: Dogecoin ETF hopes soar, while WisdomTree lists a top 20 crypto index fund and Binance launches Hemi Protocol. Bad news: HYPE supply slashes, Dogecoin faces decline and Ethereum and Bitcoin prices show weakness.
Positive news

Grayscale Files For New Dogecoin ETF Grayscale has revised its filing to turn its current Dogecoin Trust into a full ETF, trading under the ticker GDOG if approved by the SEC.

WisdomTree Registers Top 20 Crypto Index Fund WisdomTree has registered an index fund with the top 20 crypto assets, including XRP, Solana, and Cardano, in Delaware, following the SEC's recent approval of generic listing standards for crypto funds.

21Shares DOGE ETF Secures DTCC Listing 21Shares' proposed spot DOGE ETF has secured a listing on the DTCC website, an essential step before its official launch, with an expert predicting a potential Dogecoin rally.

HSBC Launches Tokenized Deposit Service HSBC has launched a tokenized deposit service with Ant International, expanding its blockchain offerings.

Analysts Predict Massive 'Uptober' Rally Despite this week's market rout, crypto analysts remain optimistic about a significant rally in October and throughout the year.

Binance Launches Hemi Protocol Binance is set to launch the Hemi Protocol with a BNB airdrop, marking a new initiative in the ecosystem.

$2.65 Level Crucial for XRP XRP's $2.65 level is seen as critical for the next bull run, with the Federal Register confirming the XRP Ledger's role as a global real-time payment and settlement system.

Negative news

HYPE Token Supply to Drop by 45% Under New Proposal The HYPE token supply will be reduced by 45% according to a new proposal. This reduction aims to enhance the token's value by decreasing its total supply. Details of the proposal can be found at the provided link.

Dogecoin Warning: Double Top Formation Hints At Decline – Analyst Dogecoin experienced a significant drop, losing 9.5% in 24 hours and 8% over the week. Analyst Merlijn The Trader warns of a potential decline due to a double top formation in the price action.

Ethereum Price Drops Hard – $4,000 Now Crucial Line Between Bulls and Bears Ethereum's price has declined below $4,250, consolidating near $4,280. If it breaks below $4,120, further declines could occur. Key resistance lies at $4,360, with a potential rebound if it settles above $4,250 and $4,320.

Bitcoin Faces Bearish Pressure As Exchange Inflows Stay Elevated – Will BTC Lose $112,000 Support? Bitcoin's price fell from $116,000 to $111,800 amid elevated exchange inflows and liquidations totaling over $1.6 billion. The $112,000 support level is crucial, with a potential breakage leading to further declines.

Is This the Calm Before XLM’s Jump to $0.50? Stellar (XLM) is holding above $0.35 with soft momentum as futures activity subsides. Traders are watching for a breakout or breakdown, hinting at a possible significant move in the near future.

Solana Price Tightens – Preparing for a $200 Breakdown or a Rally to $250 on the Horizon? Solana's price is consolidating after breaking the $112,500 support level. The market is preparing for either a significant decline to $200 or a rally to $250, depending on how buyers and sellers react.

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