The recent surge in open interest for Ethereum futures has been a topic of interest among investors and analysts alike. This surge, although seen as a bullish indicator by many, can also potentially signal a shift in market sentiment. It is essential to consider various factors contributing to this surge in open interest. Open interest
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Parallel, the groundbreaking sci-fi NFT card game, has recently completed a successful funding round, securing $35 million from a diverse group of investors. Utilizing the Ethereum blockchain and Base layer-2 chain, Parallel has ushered in a new era of gaming that merges traditional trading card game elements with the cutting-edge technology of NFTs. The game’s
Prisma Finance recently fell victim to a hack where $11.6 million was stolen from the decentralized finance protocol. The hacker, however, claimed that the exploit was a “whitehat rescue” and expressed interest in returning the funds. This indicative behavior of the hacker raises questions about the motives behind the attack and whether the funds will
Bitcoin (BTC) has recently shown signs of a potential surge, with the cryptocurrency surpassing the $70,000 mark and forming a bullish technical pattern. Analysts, such as Ali Martinez, have identified a bull flag pattern on Bitcoin’s 4-hour chart, typically signaling a consolidation period after a significant price increase. This phase is essential for market participants
Guy Turner, the host of Coin Bureau, has made a bold prediction regarding SOL’s potential breakout above the $300 mark. According to Turner, SOL has shown promising signs on both weekly and monthly charts in the early months of 2024. He describes the cryptocurrency as “incredibly bullish” and highlights the significant resistance at the $300
Matt Hougan, the Chief Investment Officer of Bitwise, a crypto index fund and asset management firm, recently shared his insights on the future of spot Bitcoin exchange-traded funds (ETFs). According to him, he believes that inflows into Bitcoin ETFs will continue for years as more investors and institutions adopt these products. During a 20-day road
Bitcoin bulls seem to have regained control after a period of bearish sentiment. The latest data shows that the Spot Bitcoin ETFs have recorded a significant amount of inflows, indicating a strong bullish outlook for the flagship cryptocurrency. Farside Investors shared on social media that on March 27, the Spot Bitcoin ETFs saw inflows of
The recent surge of meme coin markets on Solana has brought attention to the latest token, Christ is King, which experienced an astonishing increase of over 770,000% in just 24 hours. Starting at a market price of $0.000109, Christ is King quickly gained traction after its launch on March 26. The initial surge saw the
Recently, the US and UK governments have initiated a joint investigation into crypto transactions exceeding $20 billion that may have breached Russian sanctions. These transactions are suspected of being funneled through the Russia-based crypto exchange Garantex, with the intention of circumventing international sanctions and potentially financing military operations in Ukraine. In the past few months,
The concept of blockchain gaming has been gaining momentum in recent years, combining blockchain technology with traditional video games. This fusion offers players the opportunity to truly own in-game assets and potentially earn real-world value, making it a lucrative industry with significant potential. However, despite its promising prospects, blockchain gaming still faces challenges in gaining
The US Department of the Treasury recently took action against the Palestinian news network Gaza Now for its alleged support of Hamas. This move by the Office of Foreign Assets Control (OFAC) targeted not only Gaza Now but also several crypto addresses associated with the network and its affiliates. The sanctions specifically included the designation
The recent drop in the price of the Cardano (ADA) cryptocurrency below the $0.7 level can be attributed to profit-taking by ADA whales, according to data from the crypto analytics platform Santiment. As ADA reached a high of $0.8 on March 14, there was a noticeable reduction in whale transactions ($100,000 and above) on the
The cryptocurrency market has witnessed a significant surge in the popularity of meme coins, with DogWifHat (WIF) emerging as a standout performer. Over the last seven days, WIF has seen a remarkable 42% increase in its value, leading the charge in a broader market rally that has also benefited other leading meme coins. This upward
Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving. In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with
As the Illuvium universe gears up for its much-anticipated debut, the blockchain gaming series has revealed its Beta 4 testing roadmap. The Private Beta 4 is scheduled to kick off on April 30th, 2024, marking the beginning of an exciting phase for the game’s development. The upcoming testing phase aims to involve a select group
Following the criminal charges levied against KuCoin by US authorities, the embattled crypto exchange experienced a surge in withdrawal requests. Data from various on-chain analytics firms indicated a notable increase in withdrawals across different categories of traders, including whales, funds, smart money, and market makers. During the reporting period, KuCoin witnessed significant withdrawals of Ethereum-based
The recent accusations against major cryptocurrency exchange KuCoin and its founders, Chun Gan and Ke Tang, have shed light on the alleged failure to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. Prosecutors in the United States have claimed that this negligence allowed the platform to become a hub for laundering illicit funds from criminal
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has dropped to a nine-year low. On March 18, the Bitcoin balance on Coinbase fell to 344,856, signaling a trend of investors moving their holdings off exchanges for long-term storage rather than selling in the near future. This
Over the weekend, the crypto world was abuzz with news of a massive transfer of funds from the fifth richest Bitcoin address. A staggering $6 billion worth of Bitcoin was moved to three new wallets, leaving just a fraction of the original funds in the original address. This unprecedented transfer comes at a time when
KuCoin CEO Johnny Lyu recently addressed the US criminal charges against the exchange, emphasizing that the platform’s operational stability will not be impacted. He took to social media to assure users that their funds are safe and that timely updates will be provided regarding the situation. Despite the allegations, Lyu maintained that users’ assets are
In a groundbreaking move, TCG World has joined forces with SKALE to revolutionize the virtual reality experience. This partnership signifies a monumental step towards enhancing the metaverse landscape by combining TCG World’s cutting-edge virtual environments with SKALE’s blockchain scalability solutions. TCG World, known for its high-quality HDRP graphics and immersive gameplay, offers users a space
Portugal’s National Data Protection Commission (CNPD) recently announced its decision to ban Worldcoin from collecting biometric data, specifically data related to the iris, eyes, and face, for a period of three months. The CNPD justified this restriction by highlighting several key issues. Firstly, it pointed out that Worldcoin lacks a reliable mechanism for verifying the
The cryptocurrency market has been abuzz with the rise of meme coins, with LIGMA token making headlines recently. Despite its unconventional name, LIGMA has experienced significant gains of +188,000% in less than 24 hours. This meteoric rise has captured the attention of investors looking for the next big opportunity in the market. LIGMA’s launch on
The Sandbox, a decentralized virtual world, has reached a significant milestone by offering over 1,000 user-generated experiences on its platform. This unique virtual landscape is a testament to the creativity and innovation of its diverse community, which includes brands, gaming companies, and individual users. The continuous updates to the Game Maker tool and platform infrastructure,
$SCOTTY is not your typical meme coin. It serves as the backbone for an AI-powered blockchain security protocol that offers two exciting features. The first one is Scotty Swap, an AI-powered token swap protocol that not only analyzes blockchain data but also identifies potential threats before executing seamless and secure token swaps. The second feature
Ark Invest recently made headlines with their decision to sell 74,291 Coinbase shares, valued at $20.8 million, across three of their exchange-traded funds. This move comes shortly after the firm sold over $100 million worth of Coinbase shares last week as the price of COIN reached new yearly highs. One of Ark Invest’s strategies is
Rekt Capital, a well-known cryptocurrency expert, has recently pointed out a pattern in the Bitcoin market that resembles the pre-halving retrace of 2020. This observation comes at a time when Bitcoin is showing significant momentum, surpassing the $70,000 mark and recovering from a recent downtrend. The analyst believes that the recent pullback might be nearing