The US spot Bitcoin ETFs, such as GBTC, began June with a bang despite some indication of diminishing hype. These ETFs collectively acquired an impressive 25,729 BTC in the first week alone. This surge in purchases came after a series of fluctuations in previous months, with January seeing 33,456 BTC acquired, followed by 116,561 BTC
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The cryptocurrency market is currently experiencing a surge of optimism and renewed interest, as investment funds witness an unprecedented inflow surge. CoinShares, a prominent digital asset manager, reported a staggering $2 billion influx into crypto funds in just one week. This figure surpasses the net inflows for the entire month of May, indicating a significant
The recent movement in Ethereum price has been quite volatile, with the cryptocurrency failing to break the $3,720 resistance level. This failure has now put ETH at risk of further losses, potentially dropping below the $3,550 support zone. After starting a fresh decline from the resistance zone, Ethereum is now trading below $3,650 and the
The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has recently made a significant commitment to the gaming sector within its ecosystem. By approving the distribution of 225 million ARB tokens, valued at approximately $215 million, over the next three years for the Gaming Catalyst Program (GCP), the Foundation aims to drive growth
In recent weeks, Ethereum (ETH) has seen a surge in price, nearing the $4,000 mark. This boost in price has coincided with a significant increase in inflows towards digital asset investment products. According to a report by CoinShares, these investment products have experienced a total of $2 billion in inflows, marking a five-week streak of
Bitcoin experienced a lackluster weekend with minimal price movements, hovering around the $70,000 mark. Despite a brief increase, the leading cryptocurrency failed to sustain its momentum and retraced back to familiar levels. The market remained relatively stagnant, showcasing little volatility. Bitcoin witnessed strong ETF inflows last week, marking 19 consecutive days of positive flows. This
Christian’s life is a unique blend of journalism and cryptocurrency. With a background in feature writing and editing at a data engineering firm, he has honed his skills in storytelling and deciphering complex topics for the masses. His transition to the world of cryptocurrency was a natural progression, combining his love for storytelling with the
As we approach the upcoming United States Federal Reserve rate decision on June 12, the crypto market is experiencing some notable trends and patterns that have investors on edge. Historically, altcoin and Bitcoin pairs have seen significant capitulation in the wake of Fed rate decisions, with a final flush out of altcoins often occurring just
The release of Overworld Arena by Xterio marks a significant milestone in the world of decentralized gaming. This mini-game is designed for browser play, allowing players to engage in PVP betting without requiring NFTs. The innovative approach of Overworld Arena showcases the potential of blockchain technology to elevate accessibility and involvement in the gaming industry.
Core Scientific, a key player in North America’s digital infrastructure sector, recently announced a game-changing strategic partnership with CoreWeave, an AI Hyperscaler. This partnership entails a series of long-term contracts spanning over a remarkable 12-year period. The collaboration involves Core Scientific providing approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. It
The Stand With Crypto movement has gained significant traction in recent times, with over one million people joining as advocates for the industry. This surge in membership was largely in response to a Whitehouse veto threat and the subsequent bipartisan wins in the House and Senate. The movement prides itself on being non-partisan and has
Lately, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been experiencing some significant price movements. Traders and investors are closely watching as the price of ETH has fallen below the 4-hour Simple Moving Average (SMA). This technical development is crucial as it can indicate a shift in market sentiment from bullish to bearish. Analysis
The recent drop in Bitcoin’s price, plunging from $72,000 to $68,500 in just minutes, has left many investors puzzled. Despite the continuous inflows into US-based ETFs, the cryptocurrency took a sharp downturn. The approval of Bitcoin ETFs by the US Securities and Exchange Commission earlier this year was believed to be a game-changer for the
The US Department of Justice recently indicted Bill Guan, the Chief Financial Officer of Epoch Times, accusing him of playing a key role in a massive international money laundering operation. Guan allegedly collaborated with others to launder approximately $67 million of illegal funds into the accounts of his media company and its affiliated entities. This
Ripple’s XRP has been hovering around the $0.52 mark recently, leading some analysts to believe that a potential rise to $0.70 could be on the horizon this summer. DustyBC Crypto has pointed out the progress of XRP on a yearly scale, suggesting that the token may experience an uptick in value in the coming months.
Recently, a popular on-chain sleuth brought to light the fraudulent activity concerning an early investor in the Solana-based meme coin named ANDY. The exploiter managed to drain nearly $2 million worth of meme coins in various transactions, causing the price of ANDY to plummet by more than 20% in a single day. This exploit was
The Bitcoin price has hit a roadblock at the $71,000 level, leaving many investors in a state of uncertainty. This period of stagnation often signals an impending massive move in the market. However, predicting the direction of this move is a challenging task. Crypto analyst Alan Santana has delved into the Bitcoin chart to provide
Semler Scientific, a California-based medical technology company, recently announced the purchase of an additional 247 bitcoins for $17 million in cash. This brings their total bitcoin holdings to 828 BTC, acquired for a total of $57 million. The company also revealed plans to raise $150 million to further increase their bitcoin holdings in the future,
The bankrupt cryptocurrency exchange FTX is facing pushback from its creditors regarding the proposed reorganization plan. The objection, filed by FTX creditors Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, highlights several key issues with the plan. These include the failure to address property rights concerns, inadequacy in meeting the best interest
Philip Swift, the founder of LookIntoBitcoin, recently emphasized the importance of global liquidity in driving Bitcoin’s price surge. He pointed out that global liquidity had reached a new ATH of $94 trillion, indicating a strong correlation with Bitcoin’s price movements. Swift believes that as long as global liquidity continues to trend upwards, Bitcoin’s rise is
McDonald’s Singapore has recently made a bold move into the metaverse by introducing a new digital environment called “My Happy Place.” In collaboration with Bandwagon Labs, the fast-food giant has created an immersive experience that blurs the lines between the virtual and real world. Accessible through the official McDonald’s app, “My Happy Place” offers a
The recent surge in Bitcoin’s price to $70,000 has reignited optimism among investors, especially long-term holders who have seen their holdings enter the profit zone. One key indicator of this positive sentiment is the return of the Coinbase premium. The Coinbase Premium Index (CPI), which had been negative since May 18, has now turned positive,
The Ethereum price recently experienced a downside correction after failing to break the $3,880 resistance level. This correction led to the price dropping below $3,840 and the 100-hourly Simple Moving Average. Additionally, there was a significant break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD. This trend
Kraken, a prominent cryptocurrency exchange in the United States, is reportedly making strategic moves to raise funds through a large funding round ahead of a potential initial public offering (IPO) next year. The exchange is said to be aiming to secure $100 million in funding before proceeding with the IPO, making it the second publicly
The concept of the metaverse has moved beyond being an abstract idea and has now become a reality that is transforming the digital space. Metaverse apps serve as the gateways to these virtual worlds, offering immersive experiences, social interactions, and economic activities in a 3D environment. The metaverse app bud is an emerging trend that
In a recent testimony before the House Financial Services Subcommittee on Digital Assets, DTCC Digital Assets global head and managing director Nadine Chakar emphasized the significant advantages of tokenization in revolutionizing the financial industry. Chakar highlighted the transformative potential of tokenizing real-world assets and its implications for the US financial markets. She made a compelling
Robert Kiyosaki, the well-known financial guru and author of the bestselling book Rich Dad Poor Dad, recently made a bold prediction regarding the price of Bitcoin (BTC). In a tweet, Kiyosaki confidently stated that he believes BTC will reach a staggering $350,000 by August 25. While Kiyosaki acknowledged that his prediction could be considered a