Ethereum ETF Moves Raise Eyebrows as BlackRock Transfers 8,700 ETH

Tokenized equities could revolutionize finance by enabling 24/7 trading and rapid settlement, contingent on regulatory and infrastructure advancements. The post Grayscale highlights tokenized equities as key blockchain adoption driver in finance appeared first on Crypto Briefing.

Hyundai's blockchain pilot could accelerate corporate adoption of stablecoins, but regulatory challenges may vary across global markets. The post Hyundai Motor completes $20,000 USDT transfer pilot on Avalanche appeared first on Crypto Briefing.

The post Why former Bank of America strategist sees an Ethereum ‘tactical bottom’ appeared on BitcoinEthereumNews.com. Stephen Suttmeier, former Head of Technical Strategy at Bank of America, believes Ethereum could be forming a “tactical bottom.” In his recent analysis report, Suttmeier said that if the price stays above $1690-$1700, it would support his thesis of the altcoin forming a tactical low above its June lows. Another confirmation for this bottoming pattern would be a reclaim of $1800. His projection was based on technical analysis, particularly using moving averages (MA) to gauge short- and long-term momentum shifts. As of press time, the Ethereum [ETH] price has briefly stalled below the 50-day MA (DMA).  Should the 50DMA be decisively reclaimed as support (ETH price above $1800), the next upside target would be the 200-day MA(blue line) at $2.2K, Suttmeier added. That would imply a 25% upside potential if the $2.1K obstacle is cleared.  Source: ETH/USDT, TradingView  In fa

The post Specter Flags CodexField as a Potential $85M Rug Pull appeared on BitcoinEthereumNews.com. On-chain investigator Specter flagged CodexField as a potential rug pull tied to $85M in activity.  Specter traced $17.3M moving from TRON to Ethereum, with $10.8M still linked to tracked wallets.  BNB Chain previously promoted CodexField after its 2023 Hackvolution hackathon win. On-chain sleuth Specter has flagged CodexField as a potential rug pull after tracing more than $85 million in project-linked activity across blockchains. The alert followed the movement of $17.3 million in USDT from TRON toward Ethereum before conversion into DAI through Bitget Swap on Polygon. Specter said $6.5 million had already moved, while another $10.8 million remained linked to the tracked wallets. Cross-Chain Transfers Put Project Wallets Under Scrutiny According to the investigation, the funds originated from Ethereum about six months earlier via a wallet linked to the project’s deposit contract. The a

The post Ripple Cuts RLUSD Ethereum Supply to $692 Million appeared on BitcoinEthereumNews.com. According to recent data from Ripple Stablecoin Tracker, Ripple USD (RLUSD) supply on the Ethereum network has shrunk to about $692 million as Ripple continues to adjust the stablecoin’s circulating supply through token burns. At the start of July, RLUSD supply on Ethereum was above $727 million; now this figure has decreased, with millions in Ripple USD burned on the Ethereum network in the last seven days. $115.4 million was burned on the Ethereum blockchain in the last seven days as seen on the Ripple Stablecoin Tracker website, while $49.3 million was minted in the same timeframe. On July 29 alone, $25.9 million was burned on the Ethereum blockchain while $6.2 million in RLUSD was minted. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy The last 30 days saw significa

Barcelona's transfer strategy highlights the growing intersection of football finance and blockchain, impacting fan engagement and revenue models. The post Barcelona nears €40M deal for Real Sociedad star, but what does it mean for crypto-linked football finance appeared first on Crypto Briefing.

The post Robinhood Chain scams are already costing users dearly appeared on BitcoinEthereumNews.com. Robinhood (Nasdaq:HOOD) launched the public mainnet of its new blockchain on July 1, and unfortunately, tons of people are already losing money trading its coins. Bad actors are using a variety of scam contracts, memecoin rug-pulls, phishing links, and garden variety theft, leading to complaints of loss flooding onto social media. Relay Protocol warned about scam tokens on the new Robinhood Chain: “If you bought one, the funds you spent are unfortunately gone.” In this example, scam contracts are accepting a token swap, briefly crediting the buyer’s wallet yet immediately transferring the tokens back to the deployer’s wallet. In other words, users unwittingly purchased tokens for someone else. Another trader alleged that Robinhood Wallet’s default sell screen auto-populated a Robinhood Chain scam coin called USER. Unless someone modified that default, the position would vaporize. “$600

The post Crypto ETFs Bleed $148M As Bitcoin ETF Demand Cracks appeared on BitcoinEthereumNews.com. Key Insights: Crypto ETFs saw broad outflows across major funds. Bitcoin ETF selling led the risk-off session. Ethereum ETF demand lost its short inflow streak. Crypto ETFs recorded broad redemptions on July 9, as U.S. spot products lost investor demand. Bitcoin funds led the pullback, while Ethereum products ended their recent inflow run. The outflows showed weaker risk appetite across listed digital asset products. The move also followed a poor quarter for crypto assets, based on Bitwise market data. Crypto ETFs Face Broad Outflows Wu Blockchain reported that U.S. spot Bitcoin ETFs recorded $95.30 million in net outflows. Spot Ethereum ETFs saw $52.08 million leave the market, ending a five-day inflow streak.’ Source: Wu Blockchain/X Crypto Patel data showed total U.S. spot crypto ETF outflows near $147.85 million. Bitcoin ETFs sold about 1,508 BTC, led by redemptions at Fidelity and AR