Crypto

The recent market downturn has surprisingly turned out to be a beneficial period for Ethereum and other cryptocurrencies. Investors have seized the opportunity to buy the dip, resulting in Ethereum attracting an impressive $155 million in inflows over the past week. The positive sentiment extended beyond Ethereum, with Bitcoin also experiencing an increase in inflows
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Recently, Binance, the world’s largest cryptocurrency exchange, made a significant announcement regarding the delisting of six altcoins from its platform. The delisted altcoins include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This decision is part of Binance’s periodic review process to ensure that each digital asset listed
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Following a significant liquidation event in the Ethereum (ETH) futures market, CryptoQuant analyst Shayan believes that the cryptocurrency may be on the verge of a rally. The recent liquidation event, coupled with historical data, suggests that ETH could experience a price surge as spot buying pressure increases and the market stabilizes. Despite a recent dip
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The XRP price saw a significant surge recently following a court ruling in the Ripple v SEC case. This surge led to a 20% rally in a single day, with the price almost reaching $0.64 and the market capitalization crossing $35 billion. This surge in price came shortly after a development in the lawsuit, where
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As bitcoin continues its unpredictable journey, analysts are closely monitoring technical indicators and signals to gain insights into its future trajectory. A recent report from crypto derivatives data provider CoinGlass highlighted the significance of the liquidity heatmap, which currently indicates key first-test lines at around $56,800. The implications of this level are crucial, as a
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Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with a score of 570.1. This high score solidifies ICP’s position as the second-largest token in the Artificial Intelligence (AI) realm, with a market capitalization approaching $3.5 billion. Despite experiencing a price surge in March, reaching nearly $20, ICP has retraced
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Bitcoin’s price movements over the weekend have settled into a much calmer state, with the asset maintaining a relatively stable position just above $61,000. The previous weekend saw a significant dip in value, with bears pushing the primary cryptocurrency down from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday, as
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CoinShares, a prominent European investment company, recently announced impressive financial results for the second quarter of 2024. The company’s revenue more than doubled compared to the same period in 2023. According to the earnings report, CoinShares achieved revenue of £22.5 million ($28.5 million) in Q2 2024, exhibiting a remarkable 110% year-over-year growth from the £10.7
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In the late 1990s, during one of Berkshire’s shareholder meetings, Charlie Munger famously stated, “The first $100,000 is a b****, but you gotta do it.” This mantra has been echoed in the world of Bitcoin, where over 450,000 BTC addresses currently hold Bitcoin worth $100,000 or more at current exchange prices. The year 2024 saw
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Last week, the spot Bitcoin ETFs faced a challenging time as they experienced significant outflows. This negative trend continued into the new week with a withdrawal of $168.4 million from the ETFs. Grayscale’s GBTC, Ark Invest’s ARKB, and Fidelity’s FBTC were among the funds that saw substantial outflows. Tuesday also saw outflows totaling $148.6 million,
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The Commodity Futures Trading Commission (CFTC) made headlines recently by awarding over $1 million to a whistleblower in the crypto industry. This individual provided the CFTC with crucial information that led to an enforcement action against improper trading in digital asset markets. The Director of Enforcement at the CFTC, Ian McGinley, emphasized the agency’s commitment
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Tether, the stablecoin issuer behind USDT, is gearing up to double its workforce in the coming year, with the aim of strengthening areas such as compliance. Chief Executive Officer Paolo Ardoino has stated that by mid-2025, the company plans to have around 200 employees on board. This move comes as Tether looks to consolidate its
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Shibarium, the layer-2 scaling solution for Shiba Inu, has announced the launch of a hard fork scheduled for August 9. The hard fork will introduce a burning mechanism aimed at improving the ecosystem by reducing the circulating supply of SHIB tokens. Shibarium has been making significant advancements in terms of transaction processing speed, scalability, and
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Grayscale Research recently provided insights into the potential future of Bitcoin, suggesting that the digital currency could reach its all-time high later this year. This positive outlook is contingent on the U.S. economy avoiding a recession. The period leading up to this analysis saw stabilization in both the cryptocurrency market and broader financial markets, following
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Metaplanet, a Japanese investment firm, has recently secured a $6.8 million loan from one of its shareholders, MMXX Ventures. This loan, equivalent to 1 billion Japanese yen, is intended to bolster Metaplanet’s Bitcoin holdings. The loan comes with a mere 0.1% interest rate per annum and a six-month term, commencing on August 8. If Metaplanet
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Brazil’s Securities and Exchange Commission (CVM) recently approved the country’s first Solana-based exchange-traded fund (ETF). This approval, received on August 7, places Brazil in a leading position ahead of other countries, particularly the United States. While Brazil has made significant progress in approving Solana ETFs, the United States is still in the early stages of
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Recent developments in the political landscape have shown a growing interest in the cryptocurrency industry as a battleground for rival presidential campaigns. A new advocacy group known as “Crypto for Harris” has emerged to challenge Donald Trump’s appeal within the industry. This group aims to support the Harris campaign and drive fundraising efforts by organizing
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XRP has recently shown a remarkable decoupling from the broader crypto market by outperforming all top assets in terms of daily gains. This digital asset experienced a sharp uptick in price, reaching $0.64 before slightly retracing to $0.61. What sets XRP apart from the rest is the significant accumulation by whale wallets, with wallets holding
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The recent $12.7 billion settlement finalized by United States District Judge Peter Castel has put bankrupt cryptocurrency exchange FTX and its sister company Alameda Research in the spotlight. This decision comes as part of a settlement with the United States Commodity Futures Trading Commission (CFTC) after a 20-month-long lawsuit initiated by the commission. The filing
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The recent prediction by Benzinga crypto analyst Armando Pantoja regarding Shiba Inu’s price surging to $0.001 has caught the attention of many investors. However, it is essential to note that the cryptocurrency market is highly unpredictable, and past performance does not guarantee future results. While Shiba Inu experienced a significant price increase of 1,000x in
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Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month, despite the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This accumulation trend indicates a strong bullish sentiment among large investors
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