In Brief XRP price is prone to losing the support of $0.50, which, in addition to bearish cues, will result in a drawdown. Institutional interest continues to fade in Ripple, with the altcoin noting the lowest inflows of all assets last week. Retail investors aren’t too bullish either, with the Funding Rate turning negative for…
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In Brief Crypto advocate and US Senate candidate John Deaton has outstripped Senator Elizabeth Warren in fundraising. Deaton’s campaign has garnered support from prominent figures, including Ripple’s CEO Brad Garlinghouse. Warren’s intensified efforts to rally her donor base suggest acknowledgment of the threat Deaton possesses. Pro-crypto advocate and aspiring US Senate candidate John Deaton has…
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In Brief Bitcoin price is validating a Wyckoff pattern, suggesting a rally is likely following the halving event. Relative realized profits show that despite a new ATH, selling has not been as significant as the 2021 cycle. Substantiating the conviction is the accumulation since February, continuing this month, with investors buying $728 million in BTC…
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In Brief Avalanche price will potentially continue the ongoing decline as Death Cross takes place on a 12-hour chart. Price indicators are also suggesting that bearish cues are gaining strength. Investors do not seem to be very bullish either, given their sentiment is mostly pessimistic. Avalanche (AVAX) price is among the few altcoins showing signs of…
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In Brief Bitcoin (BTC) price dips, leading to significant trader liquidations. This decrease coincides with the upcoming Bitcoin halving event. Analysts suggest volatility may be a recurring pre-halving trend. Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a…
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In Brief Former Amazon engineer Shakeeb Ahmed sentenced to 3 years for hacking DeFi protocols. Ahmed exploited smart contracts, causing an exchange to shut down after draining funds. He was ordered by court to forfeit $12.3 million and pay restitution exceeding $5 million. In a landmark legal action, former Amazon engineer Shakeeb Ahmed was sentenced…
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In Brief PUPS, a Bitcoin meme coin, surges in price and recently set its new all-time high record of $47.44. PUPS NFTs sales skyrocketing, as NFT activity on the Bitcoin blockchain surpasses Ethereum and Solana. The excitement around the upcoming Bitcoin halving and the launch of Runes fuels the momentum. PUPS, a meme coin project…
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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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