Author: AltCoinDrops.com

Bullish (BLSH), the owner of CoinDesk, earnings per share beat average analyst estimates, while expecting higher adjusted Ebitda for the next quarter. The crypto platform reported earnings per share (EPS) of $0.93 in the second quarter, beating the average analyst estimate of $0.03, according to FactSet data. Bullish also reported adjusted revenue of $57 million for the second quarter, versus estimate of $60.7 million.Tom Farley, CEO of Bullish, said in a filing that the crypto firm experienced “exciting liquidity services growth, executed on a successful Consensus conference,” and that it is seeing “strong business momentum” in the third quarter.The firm’s…

The U.S. Securities and Exchange Commission (SEC) on Wednesday approved a set of rules for exchanges to list exchange-traded products (ETPs) holding spot commodities, including cryptocurrencies, without requiring the agency’s individual review each time.The decision will enable exchanges to proceed with the listing of proposed ETFs by sidestepping the often-lengthy 19(b) rule filing process that can take up to 240 days and requires the SEC to actively approve or disapprove an ETF. Essentially, the process will be more streamlined than before. ETF Issuers will approach exchanges (Nasdaq, NYSE, CBOE) with a product idea and desire to list their ETF. If…

Ripple’s native cryptocurrency XRP is facing a major supply crunch, thereby raising analysts’ expectations for a major rally ahead. Latest reports suggest that the XRP supply on the Coinbase crypto exchange tanked 90% over the last three months. This comes as the Ripple treasury demand is on the rise, with analysts predicting an XRP rally to $5 soon. Coinbase’s XRP Supply Tanks 90% In Just Three Months On-chain data from XRPWallets shows a dramatic reduction in Coinbase’s visible XRP cold storage holdings. The cryptocurrency exchange’s XRP reserves dropped from approximately 970 million tokens held across 52 wallets in early June…

TLDR BlackRock transferred 900 BTC and 44,774 ETH into Coinbase Prime, totaling $297 million. Bitcoin ETF (IBIT) saw inflows, while Ethereum ETF (ETHA) faced significant redemptions. Coinbase Prime remains the preferred custodian for large institutional digital asset moves. Shifts in Ethereum ETF activity show institutional investors are reallocating Ethereum exposure. On Tuesday, BlackRock made significant moves in the digital asset market by transferring large amounts of Bitcoin and Ethereum into Coinbase Prime. These transfers, totaling approximately $297 million, reinforce the trend of growing institutional involvement in digital assets. BlackRock deposited 900 BTC worth $101.67 million and 44,774 ETH valued at…

Ethereum (ETH) has been consolidating between $4,200 and $4,700 after setting an all-time high last August. While many investors anticipate a strong fourth quarter, Citigroup has issued a tempered outlook, projecting ETH to close the year at $4,300. Related Reading According to a Reuters report, Citi attributes Ethereum’s demand to the growing adoption of tokenization and stablecoins. However, the bank cautions that much of ETH’s recent price action may be fueled by market sentiment rather than fundamentals. The note highlighted, “Current prices are above activity estimates, potentially driven by buying pressure and excitement over use-cases.” ETH’s price trends to the…

Perplexity AI, a fast-growing ChatGPT rival, is turning heads with a bold market call: Perplexity predicts that XRP, Pepe, and Shiba Inu could deliver massive gains as crypto enters a high-momentum phase heading into the year-end rally.Momentum is already building. Bitcoin smashed through its previous all-time high last month, climbing to $124,128 before cooling slightly after a surprise jump in July inflation.Now, with the Federal Reserve officially cutting interest rates by 0.25% at today’s meeting, market sentiment has flipped firmly risk-on – a historically bullish trigger for altcoins and meme coins alike.On the policy front, President Trump’s GENIUS Act, signed…

Bitcoin’s MACD Golden Cross: More Than Just TA Magic?As the cryptocurrency market navigates through a complex web of regulatory scrutiny, macroeconomic fears, and global tensions, Bitcoin (BTC) has quietly formed a bullish technical pattern that many seasoned traders view as significant—the elusive MACD golden cross. While retail sentiment remains cautious and broader markets wobble amid confusion, this rare momentum signal could be offering a glimpse into Bitcoin’s next major move: a potential rally targeting $160,000 by October 2024. But can this technical pattern be trusted? Or is it yet another indicator that only the most informed will recognize in hindsight?Understanding…

Cardano founder Charles Hoskinson has continued to predict the doom of Ethereum, sharing a new perspective to support his persisting prophecy. Hoskinson appeared on an exclusive CoinDesk interview and again insisted that Ethereum will fall. He highlighted the failed vision of the Ethereum mainnet and why its perceived solution could make the ecosystem would not stand the test of time. Problematic Approach to Spell Ethereum Demise Specifically, Hoskinson noted that the Ethereum Layer 1 network failed to meet the vision its co-founders envisioned. Despite being the hub of smart contracts and decentralized finance (DeFi), Ethereum has had challenges with scalability…

XRP is trading close to $3 and has struggled to hold that level in recent sessions. According to a market analyst, a repeat of a past pattern tied to Bitcoin halvings could push XRP much higher, with a possible cycle top above $20 on Oct. 17, 2025. The timeline ties back to earlier halving cycles and a short lag that, she argues, has repeated before. Related Reading Halving Dates And Follow-On Moves Based on reports, crypto expert Diana points to the 2016–2017 cycle as the clearest example. Bitcoin halved on July 9, 2016, and then reached a peak above $19,000…

On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows.  XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens.  Related Reading There is also…