Portal presyoPORTAL

Bitwise has submitted a registration filing for an Aptos ETF to the Delaware’s Department of State, paving the way for a possible ETF launch. According to the official registration portal , Bitwise , an exchange-traded fund issuer has filed for an Aptos ( APT ) ETF in the state of Delaware as it looks to expand its crypto offerings. This could mean that the firm is gearing up to file an official S-1 application with the U.S Securities and Exchange Commission . If the registration gets approved, Bitwise could become the first firm in the U.S. to launch an exchange-traded fund that directly holds APT tokens. APT is the native token of Aptos , Proof-of-Stake Layer 1 blockchain developed by Aptos Labs. The filing of Aptos ETP follows the launch of a series of Aptos ETPs in Europe, including Bitwise Aptos Staking ETP and 21Shares Aptos Staking ETP. Shortly after news of the filing spread, APT experienced a rise in value by 10%. The token is currently trading hands at $6.18, according to data from crypto.news. This means that APT has managed to break through the slump it was previously stuck in. In the past week, the token has gone down by 6.5%. In the past month, APT has gone down by nearly 20% and decreased by nearly 40% in the past year. Aptos has accumulated a market cap of $3.6 billion and a fully diluted valuation of $7 billion. In the past 24 hours, the daily trading volume for APT has reached $371 million, rising by nearly 44% compared to the previous day. Bitwise launched its Aptos Staking ETP on six Swiss exchanges in November 2024. In that same month, 21Shares also launched its Aptos Staking ETP in Euronext Amsterdam and Paris. Last month, Bitwise had submitted an official S-1 filing for a Dogecoin ETF that was previously registered the state of Delaware. The firm also received approval from the U.S. SEC for their Bitcoin and Ethereum ETF 19b-4 filing. The Bitwise Bitcoin and Ethereum ETF now awaits regulator’s decision on its S-1 registration before it can start trading on the markets.

Let's discuss the other side of the coin. Here's the 2024-2025 list of the steepest price drops since TGE ↓ -51% Scroll | TGE: Oct 2024 -55% Swell | TGE: Nov 2024 -57% Eigenlayer | TGE: Oct 2024 -69% ZKsync | TGE: July 2024 -88% Wormhole | TGE: April 2024 -89% Omni | TGE: April 2024 -90% Starknet | TGE: Feb 2024 -91% Blast | TGE: July 2024 -91% Heroes of Mavia | TGE: Feb 2024 -94% Renzo | TGE: April 2024 -96% Portal | TGE: Feb 2024 All big coins. Sad story.

Pi Network has garnered significant attention since its launch in 2019, aiming to make cryptocurrency mining accessible via smartphones. With a reported user base exceeding 35 million, the project aspires to establish a global payment system. However, its legitimacy and future prospects have been subjects of debate. Ecosystem and Utility The Pi Network ecosystem encompasses various applications designed to enhance user engagement and utility: • Pi Wallet: A secure digital wallet for storing and managing Pi coins. • Pi Chat: A platform facilitating communication among community members. • Pi Node: Software enabling users to support network security by running nodes on their computers. • Pi Browser: A portal granting access to decentralized applications (dApps) within the Pi ecosystem.  Additionally, platforms like PiBridge aim to bridge Pi with other blockchains, enhancing interoperability. Pi Chain Mall serves as an e-commerce platform where users can transact using Pi tokens, promoting real-world application.  Mainnet Launch and KYC Verification A critical milestone for Pi Network is transitioning from its “enclosed mainnet” to an open mainnet, allowing external transactions and broader adoption. This transition hinges on several factors, notably the Know Your Customer (KYC) verification process. As of November 2024, over 13 million users had completed KYC, with more than 6 million migrating to the mainnet. The open mainnet launch is contingent upon achieving specific benchmarks, including 15 million KYC-verified users and 100 mainnet-ready applications.  Concerns and Criticisms Despite its growth, Pi Network faces scrutiny regarding its mining model and delays in mainnet deployment. Unlike traditional cryptocurrencies that utilize energy-intensive Proof-of-Work or Proof-of-Stake mechanisms, Pi’s mining involves users tapping a button on their smartphones, leading some critics to question the model’s legitimacy. Furthermore, the prolonged timeline—exceeding five years without an open mainnet—has raised concerns about the project’s viability and transparency.  Market Performance The Pi coin’s market performance has experienced volatility. In November 2024, its value reached a peak of $91.51 but subsequently declined to $48.63 by December. Analysts have identified patterns suggesting potential further decreases, with projections estimating a drop to approximately $37.  Conclusion While Pi Network presents an ambitious vision of an inclusive, utility-driven cryptocurrency ecosystem, it currently faces challenges related to its operational model, transparency, and market stability. Potential investors and users are advised to conduct thorough research and exercise caution, considering both the project’s potential and the associated uncertainties. $PI

Aggregated Structure of 5 $PORTAL orderbooks just changed. There is now 74.35% more bids than asks within a 10% depth. Bids sum: $637,591.92 - Asks sum: $365,702.55 ️⚖️ 🟢️

Brazil has made history as the first country to approve a spot XRP exchange-traded fund (ETF), signaling its growing influence in the crypto market. The fund, managed by Hashdex, will soon be available on the B3 stock exchange, with Genial Investimentos overseeing administration. XRP ETF Approved in Brazil According to the report by Portal do Bitcoin, the new XRP ETF was approved by the Brazilian Securities and Exchange Commission (CVM) and officially established in December 2024. It is currently in its early stages. While an official launch date remains unknown, Hashdex has assured investors that trading details will be announced soon. The approval highlights an increasing institutional interest in XRP and strengthens Brazil’s position in digital asset adoption. The country has already solidified its position as a key player in Latin America’s cryptocurrency surge. It has also witnessed significant growth in terms of institutional investment. Between late 2023 and early 2024, transactions of more than $1 million grew by nearly 48.4% amidst increased interest from major financial entities. As reported earlier, the country ranks just behind Argentina in total cryptocurrency value received, which reached approximately $90.3 billion between July 2023 and June 2024. Stablecoin adoption is also strong, with Brazil accounting for 59.8% of the region’s transaction volume during the same period. XRP ETF in the US The latest development appears to be a natural progression for the country, given its history of supporting Bitcoin ETFs and a favorable regulatory system. This approval also coincides with a surge of spot XRP ETF applications in the United States, where the Securities and Exchange Commission (SEC) is currently reviewing proposals from companies like 21Shares, Bitwise, Grayscale, and CoinShares. According to fresh insights from Polymarket, there is an 80% likelihood that the SEC will approve an XRP ETF in 2025, reflecting high confidence among bettors. This projection is notably higher than the 65% probability assigned by Bloomberg analysts Eric Balchunas and James Seyffart. Beyond XRP, the securities watchdog in the US has also acknowledged applications for spot ETFs featuring other altcoins, such as Solana and Litecoin. The post Brazil Leads Latin America with Historic Approval of XRP ETF appeared first on CryptoPotato.