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Spot Bitcoin ETFs in witnessed net outflows of $139.88M in the US
21.6.2024
Spot bitcoin exchange-traded funds saw a net outflow to the tune of $139.88 million in the US. This continued for the past five days. Grayscale’s GBTC was ahead of the competition, coming up with a day-to-day net outflow amounting to $53 million. Second in line stood Fidelity’s FBTC, recording...
BTC teases $70k when SOL, ETH, and ADA eye recovery
21.6.2024
Bitcoin ($BTC) is below $64,000 at the press time. However, that has not stopped the community from speculating a rebound to $70,000. One reason is its potential – pretty much the same thing that pulled it from the low $20,000 to an ATH of around $74,0000. Solana ($SOL) and Ethereum ($ETH)...
Ethereum long-term holders reach a record high
21.6.2024
The Ethereum chart showcases the distribution of Ethereum over different periods and it denotes altering trends in investor behaviour. According to the information available from the chart, a vital amount of Ethereum acquired during the 2021-2022 time period is being held even now. Short-term...
Short traders target XRP and Cardano amid post-relief bounces
21.6.2024
Investors have been anticipating a rebound in the price actions of cryptocurrencies. Therefore, Ripple and Cardano have become the most appealing altcoins. The primary reason behind this is heavy trader shorting followed by a brief bounce. Santiment has also shared data suggesting that the finding...
Binance supports OCEAN, FET, and AGIX token merger into ASI
21.6.2024
Ocean Protocol ($OCEAN), Fetch.ai ($FET), and SingularityNET ($AGIX) announced the merger of their tokens to collectively make ASI, or Artificial Superintelligence. Binance has now come forward with its announcement, saying that it will support the token merger by handling all the technical...
Next billion dollar meme coin? MMTR starts its journey to ten figures
21.6.2024
Since its highly anticipated listing, MMTR has been a hot topic in the meme coin market. Despite facing the typical volatility accompanying any new crypto, MMTR is quickly becoming an exciting player. With its recent listing on MEXC and Uniswap on 29th May, following a successful $7.7 million...
Crypto.com adds passkeys and hardware tokens for advanced security
21.6.2024
Crypto.com, a certified and secure platform, has implemented state-of-the-art security measures, including hardware tokens and passkeys, to ensure that all transactions are authentic. These hardware identifiers are comparable to Yubikeys. Jason Lau, the Chief Information Security Officer...
BAYC’s fall from grace: Analyzing the decline of an NFT giant
21.6.2024
Industry giant BAYC is reportedly on the verge of collapse. This comes after BAYC declined from 150Ξ to 8Ξ. A total of two factors have been identified as core reasons behind this decline: minting at a bonding curve price and the departure of Gordon Goner, the original founder of the...
3iQ expresses commitment to launch Solana ETP in North America
21.6.2024
3iQ Digital Asset Management has announced its intention to bring Solana ETP to North America. The offering will span all provinces and territories in Canada except Québec. This comes after The Solana Fund filed a preliminary prospectus with relevant authorities. The idea is to begin the initial...
BlockDAG’s bullish run stuns crypto community as presale crosses $52.2M; while Dogecoin (DOGE) rebounds & SHIB value surges
21.6.2024
Significant movements in Dogecoin’s (DOGE) price, a surge in Shiba Inu’s burn rate, and BlockDAG’s strategic advancements are capturing widespread interest. This discussion examines Dogecoin’s potential recovery after a reduction in selling pressure, the strategic increase...
Dogecoin whales exit, shedding 9% of total supply
20.6.2024
According to IntoTheBlock, a market intelligence platform, there have been some significant changes in the Dogecoin community in the last year. In particular, there is a decline in the ‘whales’ – the addresses that own 1% or more of all Dogecoins in circulation. This could be viewed as a bearish...
After SEC ends Ethereum 2.0 probe, community sees Solana and Polygon safe
20.6.2024
The US Securities and Exchange Commission recently announced dropping its investigation into Ethereum 2.0. This serves as a notification that it will no longer pursue its legal course to classify Ether as a security. Consensys is committed to seeking more clarifications via a legal course, and...
Consensys plans to continue its legal course against the US SEC
20.6.2024
Joseph Lubin, the founder of Consensys, has said that they will continue to pursue a legal course of action against the US Securities & Exchange Commission. This comes a few days after Consensys announced that the Commission has decided to drop its investigation into Ethereum 2.0. In this...
Hashdex targets first US dual Bitcoin-Ethereum ETF
20.6.2024
Hashdex, one of the leading firms that focuses on digital currency investments, has recently provided the Securities and Exchange Commission (SEC) with a proposal for its new ETF. This innovative ETF will integrate two widely prevalent cryptocurrencies, Bitcoin, and Ethereum. Known as the Hashdex...
Major Cardano metric drops to 3-month low, XRP nears end of lawsuit with SEC – details
20.6.2024
Cardano investors and stakeholders have reasons to be nervous as the network is seeing a 3-month low in active addresses, according to recent on-chain data. Meanwhile, the XRP community believes a settlement is imminent in the XRP vs SEC case. Investors can protect themselves by shifting their...
Bitcoin regains a dominance of more than 50% amid volatility
20.6.2024
Bitcoin never precisely lost its dominance in the market but it did hover within the range of 44% and 53%. Its market cap has now pushed for a dominance that is well above 50%, 54% to be more specific. A reason why the market is taking note of this rise is because of the prevailing …
Whales dump $1.2B in BTC: Is a drop to $60K next?
20.6.2024
Over the past few days, a significant number of large holders and whales have sold approximately $1.2 billion in Bitcoin, which has had an impact on the market. This sell-off is occurring at a time when the cryptocurrency industry is facing negative sentiment among numerous investors as a result...
Justin Sun invests $35 million in Binance
20.6.2024
The new development comes at a time when Curve Finance is recovering from a downward market trend. There was a 34% drop in Curve token value, paving the way for the liquidation of 100 million CRV. The new move will stabilize the decentralized finance tycoon, with Justin Sun’s recent...
Solana allows users to send crypto anywhere via email
20.6.2024
TipLink has introduced a novel feature that has completely altered the nature of crypto transactions. This new development enables users to transfer digital currency across borders using only an email address. The transfer of digital assets is a complex procedure, and TipLink provides...
Circle CEO Jeremy Allaire is optimistic about crypto
20.6.2024
Circle is the organization behind USDC, the second-biggest stablecoin by market capitalization. The Circle CEO is optimistic about the global cryptocurrency market’s future, possibilities, and potential. Jeremey Allaire is equipped with extensive experience in the internet technology...