In Brief Meme coins have seen significant price surges following the Bitcoin halving event. Bitcoin shows modest gains post-halving, with expectations of long-term growth. Runes, a new Bitcoin token standard, sparks interest but has modest trading volumes. In the cryptocurrency market, the latest halving event has surprisingly not put Bitcoin in the spotlight. Instead, meme…
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In Brief Pavel Durov outlined Telegram’s evolution beyond messaging, aiming to transform it into a crypto empire. Telegram plans to introduce features for buying assets and creating NFTs, with significant revenue shares. USDT will launch on the TON blockchain, integrating tightly with Telegram’s services for broader access. Pavel Durov, the founder of Telegram, spoke at…
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In Brief Cardano’s Treasury has amassed 1.5 billion ADA tokens valued at approximately $720 million. Observers explained that the growing Treasury reserves reflects tightened network activity. ADA’s price is on the cusp of a notable break-out, market analysts note, citing historical data. Cardano’s Treasury has hoarded 1.5 billion ADA tokens, worth over $720 million, which…
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In Brief Hong Kong approves first spot Bitcoin ETF, boosting BTC to $66,000. China Asset Management partners with OSL Digital and BOC International. Spot Bitcoin exchange-traded fund aims to make Hong Kong a top crypto hub. In a pivotal development for the financial sector, the Hong Kong Securities and Futures Commission (SFC) has granted China Asset Management…
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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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