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…
Read more
In Brief XRP price has nearly validated the descending triangle pattern, which suggests a 25% correction for the altcoin. Investors are exhibiting bullish sentiment, which suggests that selling will be held off for now, making room for recovery. Mean Coin Age shows that the majority of the XRP investors prefer to hold their assets over…
Read more
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…
Read more
In Brief Bitcoin’s upcoming halving event, scheduled every four years, reduces mining rewards and is expected to intensify market competition. Involvement from institutional investors and countries like El Salvador indicates a growing acceptance of Bitcoin as a mainstream asset. The halving could prompt regulatory and technological advancements, strengthening Bitcoin’s position as a unique asset class.…
Read more
In Brief The Federal Reserve signals slower rate cuts to prioritize strict inflation control. The decision rekindles questions about Bitcoin’s effectiveness as an inflation hedge. Experts offer diverse perspectives on Bitcoin’s value proposition and future outlook. Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites…
Read more
During this insightful interview at the WOW Summit in Hong Kong with Bonnie Chan, VP and lead researcher at CoinEx, we delve into the company’s future plans, its strategies to leverage the current market conditions, and the unique attributes that set it apart from its rivals. We will explore the integration of Bitcoin into established…
Read more
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…
Read more
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…
Read more
In Brief Chainlink price is moving in a descending triangle at the moment, signaling a 30% correction. Participation is declining considerably, with active addresses now at a six-month low. Given the deviation of investors conducting transactions on the network against price, a sell signal is being flashed at the moment. Chainlink’s (LINK) price is currently…
Read more
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…
Read more
