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Winklevoss twins pump in $2M towards Trump presidential campaign


The presidential elections slated for November have witnessed Republican candidate, Donald Trump, receiving the amount of $2 million for his campaign from Winklevoss twins, Cameron and Tyler. Each of them has pumped in $1 million.  Both the brothers attributed this act of theirs to Trump being...

Spot Bitcoin ETFs in witnessed net outflows of $139.88M in the US


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


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)...

Whales dump $1.2B in BTC: Is a drop to $60K next?


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...

Binance fights back against $4.4M Canadian AML fine


Binance has filed a lawsuit challenging the Canadian Financial Transactions and Reports Analysis Centre’s (FINTRAC) fine of $4.4m. The penalty was imposed in May and concerns the lack of compliance with laws regarding the anti-money of money laundering (AML) and the financing of terrorism (CFT)....

Moonbeam rolls out $13M fund for Web3 gaming growth


Moonbeam Network, a popular platform for Web3 smart contracts, has recently started a significant funding campaign worth $13 million. The overall goal of this move is to jump-start the growth and advancement of its ecosystem, with a particular focus on gaming and tokenization of real-world assets...

Scam alert: Fake Ripple USD tokens emerge ahead of official release


Scamsters are busy scouring ways to take advantage of Ripple’s stablecoin release by issuing an imitation version of the Ripple USD (RLUSD) token on the XRP Ledger.   The yet-to-be-introduced RLUSD token will be shouldering its way forward through the big timers like Tether and Circle, falling...

Transak Lists Paypal’s PYUSD for Easier Crypto Access


According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak...

Ethereum price drops after whale moves $20M to Kraken


Ethereum ($ETH) has breached the support level of $3,500 by trading at $3,438.76 at the press time. Bitcoin ($BTC) is leading the declining trend but ETH, specifically, has its downfall credited to an ICO whale who just moved tokens worth $20 million to Kraken. The whale was seen depositing 5.5k...

Cardano in peril: Will ADA price crash to $0.38?


Cardano (ADA), once heralded as a blockchain revolution, is currently facing a troubling future outlook. Market analysts and traders are closely monitoring ADA, as signs suggest a potential plunge to $0.38. This prediction is rooted in a combination of market dynamics, technical analysis,...

Whale increases PEPE holdings by $1.75 million despite previous losses


Among the peculiarities of the constantly fluctuating crypto market, there are large investors or ‘whales,’ who possess the ability to shift the market trends. More recently, a large whale was in the news for upping their stake in PEPE, a meme-based, or joke, cryptocurrency by $1.75 million. This...

Crypto whale nets $7M from WBTC & ETH investments!


One of the largest traders in cryptocurrencies closed his longs in WBTC and ETH and made a profit of $7 million. He sold 76.6 WBTC and 2,265 ETH for $13.19 million. This was the end of a leveraged investment plan that he started by borrowing funds from Aave with 5,545 ETH as collateral to purchase...

SEC rejects Ripple Labs plea to lower fines, insists on nearly $2B penalty


The San Francisco based Ripple Labs Inc. is currently engaged in a legal battle with the SEC over the latter’s request for a $2 billion penalty. They are advocating for a decrease, claiming that Terraform Labs’ recent $4.5 billion settlement is a point of reference. Ripple’s lawyers also say that...

IMF Data Shows Decline in US Dollar Dominance


Recent data from the International Monetary Fund (IMF) points to an ongoing decline in the U.S. dollar’s share of allocated foreign reserves held by central banks and governments. Economists explained that reserve managers are attracted to nontraditional reserve currencies “because they...

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