In Brief Bitcoin value rises 4% as GBTC records low daily outflow of $17.5 million, hinting at market turnaround. Grayscale CEO sees equilibrium in GBTC after major outflows; crypto funds like IBIT, FBTC see gains. Bitcoin rebounds to $70,000 amid market fluctuations and competitive pressures on Grayscale. Bitcoin’s value soared by over 4% as the…
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iShares Bitcoin Trust also added ABN AMRO Clearing and UBS Securities in the new prospectus. BlackRock, the world’s largest asset manager, has today updated the list of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The ETF, which has been live since January 11, 2024, allows investors to gain exposure to Bitcoin…
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In Brief KuCoin announces a $10 million airdrop after DOJ charges for AML violations, aiming to rebuild trust. The airdrop is in response to over $1 billion in user withdrawals and includes Bitcoin and KCS tokens. The initiative targets users affected by withdrawal delays, offering compensation to regain confidence. KuCoin has announced a $10 million token…
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In Brief Bitcoin price is trading between $65,300 and $71,360 at the moment, with the potential to rise. An indicator is currently flashing a buy signal, which might drive investors to accumulate BTC. This can be observed on the Reserve Risk indicator as well, which is currently in the green zone. Bitcoin (BTC) price is…
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Quick Take Coinbase exchange witnessed a massive withdrawal of approximately 16,100 BTC, valued at $1.1 billion, on March 28. According to data from Arkham Intelligence, this substantial outflow occurred in two separate transactions, with the first involving roughly 8,100 BTC worth around $574 million and the second comprising 8,000 BTC valued at approximately $566 million. Wallet…
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In Brief Render price is trading at $10.89 after failing to breach the resistance at $11.24. Selling has dropped to a monthly low, and investors have purchased over $20 million worth of RNDR in a week. The downtrend is losing its strength, which suggests recovery is on the cards. Although Render’s (RNDR) price is not…
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In Brief Bitcoin price is expected to mark a new all-time high with the halving around the corner. Solana price could make a run to $250 given the rising institutional interest and performance of its DEX Jupiter. Fantom is projected to dive by 20% in the coming month, owing to the first bearish signal in…
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In Brief Altcoin season may start in about 45 days, following Bitcoin’s surge, with potential for high returns. Investors advised to diversify and be patient for significant gains, especially in early altcoin season stages. Key cryptos to watch include Polyhedra Network, Wolf Wif Ballz, Portal, Boson Protocol, and VoluMint. As the horizon brightens with the…
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Fetch, Singularity Net, and Ocean Protocol all surged following a Bloomberg article suggesting a token merge. UPDATE: The merger has been confirmed via email. Full details can be found here: Fetch, Ocean, SingularityNET tokens merge into single ASI token with $7.6 billion market cap Three blockchain-based artificial intelligence companies are in discussions to merge their crypto tokens to…
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In Brief Ripple price has already lost the support of the 50-day EMA and is close to losing the 100-day EMA as well. Long-term holders have been moving their holdings, which historically has been a signal for corrections. The bearish trend is yet to gain strength, giving XRP a shot at bouncing back from $0.60.…
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