Crypto Headlines: Bitcoin ETF Rises as Coin and Terra Drive Speculation

Last week, we provided an overall review of the amazing history and developments across the cryptocurrency space.

In a series of noteworthy developments, the cryptocurrency space seems to be taking huge steps forward as last week came to a close. With the recent launch of the Bitcoin ETF spot in the wider cryptocurrency market, an exciting shift in market sentiment appears to be underway. However, cryptocurrency exchange CoinShares released several important notifications to its users last week. Meanwhile, the Terra Classic community made further efforts to boost the LUNC and USTC token economies.Whatsminer Miner

In line with these, some of the headlines that sparked curiosity across the crypto space are as follows:

The Rapid Popularity of Bitcoin ETFs

Another week has come to an end since the launch of spot Bitcoin ETFs in the US trading space. Market charts show the rapid popularity of these ETFs since their launch.

In line with this, net inflows continued to surge last week, with the collective trading volume of ETFs rising. BlackRock, Fidelity and Bitwise appear to be among the best ETF service providers, attracting investors from across the US.

Meanwhile, Hong Kong is looking to approve the country’s first bitcoin ETF, and financial services provider Venture Smart Financial Holdings Ltd shared plans to do the same last week.

CoinSafe Sparks Inferences

CoinShares, the world’s leading cryptocurrency exchange, made several important announcements to its users last week. With Manta Pacific’s TVL exceeding $800 million, the platform recently added Manta Network to its collection. In addition, it added the DOGE perpetual contract, which offers 75x leverage.Bitmain Miner

Notably, the company also dropped select BTC, ETH, and BNB spot pairs, while announcing the live availability of ETC, ENS, and TIA in FDUSD and USDC pairs.Meanwhile, the company announced its debut in Thailand, facilitated by Gulf Coinsecurity Network.

So far, CoinSecure has had another breakout week.

Terra Classic Sparks Speculation

Based on numerous reports from CoinGape Media over the past week, the Terra community appears to be building more support for its token. The community recently revealed plans to introduce a “research EVM feature” proposal. With this, Terra is aiming for a state-of-the-art station wallet, which has garnered a lot of attention globally.

However, the community rejected the proposal after a recorded vote. Consistent with this, Allnodes said in a memo that “even if we focus only on the compiler, the near-term development costs and potential long-term maintenance costs remain unclear. This should be evaluated before considering positive funding signals.”

Meanwhile, the community also announced a core security package upgrade.