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| Spell Token 
| #SPELL
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| SPELL Price: | $0.00106 | | Volume: | $6.0 M | | All Time High: | $0.035 | | Market Cap: | $0.1 B |
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| Circulating Supply: | 101,555,473,003 |
| Exchanges: | 18
| | Total Supply: | 115,902,897,568 |
| Markets: | 29
| | Max Supply: | 420,000,000,000 |
| Pairs: | 29
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The price of #SPELL today is $0.00106 USD.
The lowest SPELL price for this period was $0, the highest was $0.00106, and the exact current price of one SPELL crypto coin is $0.00106141.
The all-time high SPELL coin price was $0.035.
Use our custom price calculator to see the hypothetical price of SPELL with market cap of ETH and how the supply affects the price of SPELL at different market capitalizations. |
The code for Spell Token is #SPELL.
Spell Token is 1.3 years old. |
The current market capitalization for Spell Token is $107,792,013.
Spell Token is ranked #198 out of all coins, by market cap (and other factors). |
The trading volume is big during the past 24 hours for #SPELL.
Today's 24-hour trading volume across all exchanges for Spell Token is $5,998,383. |
The circulating supply of SPELL is 101,555,473,003 coins, which is 24% of the maximum coin supply.
Spell Token has a relatively large supply of coins, 835 times larger than Ethereum's supply, as an example. |
 | Ethereum Merge Could Spell Trouble for Distressed Crypto Lender Hodlnaut
Ethereum's pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender - Hodlnaut.
The Singapore-based company was one of several firms in the crypto industry that succumbed to the pressures of the downturn after the collapse of Terra ecosystem tokens.
According to a new report, Hodlnaut has warned of risks to its assets if the Merge fuels a 'bout of volatility in virtual coins.'
As such, sudden price movements in the price of the Ethereum-based tokens could prompt 'smart contracts to automatically liquidate the assets,' said the distressed company in the blog post.
One way to alleviate risks, according to Hodlnaut, is to unwind tokens deployed on decentralized finance (DeFi) platforms. However, this move could lead to material losses.
Hodlnaut is currently put under judicial management to protect it from legal proceedings from third parties.
The court-appointed judicial managers have inquired about the estimated losses from such an unwinding and any preventative steps that can be taken to preserve the value of assets.
The anticipation surrounding the Ethereum Merge has reached new highs as it gained recognition from the world's most popular website, which is counting down to the upgrade.
Tech juggernaut Google has added a countdown leading up to the event, with two bears on either side that should merge into one if the upgrade occurs as planned this week.
With just days away, several crypto firms are on the lookou...
|  | Bitcoin ETP Outflows Spell Bearish Sentiment Among Institutional Investo...
Bitcoin ETPs have become more popular than ever since the SEC approved multiple bitcoin ETPs in the fourth quarter of 2021. They had subsequently had a good run with hundreds of millions of dollars flowing into these ETPs. They provided a way for institutional investors and others who didn’t want any direct exposure to the digital asset to trade on it. However, it seems the wind is starting to change as outflows become the order of the day.
Outflows Rock Bitcoin ETPs
The market is still reeling from entering a new month but the effects of the month of April continue to linger. April sticking to form had recorded the highest monthly net outflows ever recorded in the history of Bitcoin ETPs. In total, there was a total of 14,327 BTC that flowed out of the market in this dreadful month. This, in turn, had caused the total asset under management (AUM) of the digital asset to decline drastically that by the end of the month, there were only 187,000 BTC in AUM.
It is obviously the worst month for the ETPs since they became a thing. The US and Canadian bitcoin ETPs were not spared of the onslaught either. In the US markets, a total of 3,312 BTC had flowed out of the ETFs, while their Canadian counterparts saw an even worse trend with 7,100 leaving BTC ETPs. This translated to a 10% decline in BTC AUM in the North American country.
Outflows rock BTC ETPs | Source: Arcane Research
It is important to note that all US outflows had been recorded in the BITO. Exposure to bitc...
|  | Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages 'spell risk.' Weiss editor Jon D. Markman said backing a mortgage with crypto is an 'interesting strategy,' but stressed that during these market conditions 'investors should be skeptical.'Weiss Ratings Editor Doesn't Believe Crypto and Mortgages Mix
According to the editor at Weiss Ratings, Jon D. Markman, lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions. Markman uses the firm Milo as an example, as the Florida-based digital bank is allowing mortgage investors to use digital currencies as collateral. In Markman's opinion, the trend is similar to the risk-associated home loans that were sold in 2007-2008.
'Pooling risky home loans, then selling them to unsuspecting asset managers, was the recipe for the Great Recession of 2009,' the Weiss editor insists. As long as housing prices continued to climb, homebuyers were able to refinance and everyone got paid, including bondholders.' Markman continued:
However, when housing prices imploded, millions of low credit score borrowers defaulted. The rest is history.
Markman Believes Higher Interest Rates Will Lower Current Home Prices
The Weiss Ratings report further discusses how interest rates are rising thanks to the Federal Reserve's recent rate hikes. Typically, Markman says, higher interest rates add a lot more to the monthly mortgage cost and in time the Weiss editor be...
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