Bitwise CIO Matt Hougan said Monday that he views the weekend’s violent selloff in crypto/equities as a Bitcoin buying opportunity. In a Twitter thread Monday, the executive likened the market crash to March 12, 2020 – a day of “chaos” that pre-empted historic new highs for crypto over the following months. Bitcoin Buying Opportunity, Says...Read More
The Australian Federal Police (AFP) has uncovered that over 2,000 cryptocurrency wallets owned by locals were compromised by offshore scammers, putting millions of dollars in digital assets at risk. This discovery emerged from Operation Spincaster, a global initiative against crypto fraud spearheaded by Chainalysis and locally managed by the AFP-led Joint Policing Cybercrime Coordination Centre...Read More
In this market downturn, traders and investors have liquidated over $1.08 billion worth of long and short positions in the last 24 hours. This massive liquidation has created fear across the cryptocurrency landscape. Whales/investors transfer 2.38M SOL to CEXs Amid this fear, investors and whales have transferred a significant 2.38 million Solana (SOL) worth $307...Read More
Aave, a decentralized finance (DeFi) protocol, has demonstrated resilience in the face of a general crypto market downturn. The platform has generated $6 million in revenue amid the current market sell-off. Aave Withstands Market Turmoil Aave’s founder, Stani Kulechov, said in an August 5 post on X that the protocol successfully handled the overall stress...Read More
Ethereum investment products experienced net outflows of $146 million globally last week, largely due to $169.4 million in outflows from US spot Ethereum ETFs. This figure masks $430 million in net inflows into new Ethereum ETFs, overshadowed by $603 million in outflows from Grayscale’s ETHE fund. Additionally, there were minor outflows observed in European ETPs,...Read More
[PRESS RELEASE – George Town, Grand Cayman, August 5th, 2024] Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and a chance to win large prizes in...Read More
The weekend has been characterized by a rollercoaster of emotions for the crypto community, with fear gripping investors who are concerned about the latest market conditions. According to current data from Alternative.me, the Crypto Fear & Greed Index sat at 26/100, signaling fear among investors. If the market condition worsens, the indicator may inch closer...Read More
Bitcoin’s 24-hour bloodbath has reduced the number of its investors in profit. According to data from blockchain analytics platform IntoTheBlock, the percentage of BTC holders in the green has crashed from 93% in late July to 75% at the time of writing. The significant decline in BTC profitable holders comes as the leading cryptocurrency crashed...Read More
[PRESS RELEASE – Zug, Switzerland, August 5th, 2024] “We are thrilled to announce that we have achieved our first major milestone by unifying 500 TB of astronomical data on our platform. This will allow astronomers to more easily analyze massive datasets and uncover meaningful insights.” said Dr. Meijer, Chief Scientific Officer of StarChain. “Our platform...Read More
[PRESS RELEASE – WILLEMSTAD, Curacao, August 5th, 2024] BC.GAME and Cloud9 Esports extend their existing partnership with Cloud9’s acquisition of the Dota 2 esports team Entity. As part of the deal, the European-based Entity has been renamed Cloud9 BC.GAME Dota 2. Entity is a prominent European Dota 2 team known for its strong performance and...Read More
[PRESS RELEASE – London, England, August 5th, 2024] In the dynamic world of cryptocurrency, a new meme coin, $JOSE, is set to make its mark with a unique total supply of only 21 million tokens. Built on a foundation of transparency, investor safety, and led by a publicly doxxed project owner, BA Davidson, $JOSE is...Read More
Crypto markets have fallen below $2 trillion total capitalization in a massive double-digit crash, the likes of which have not been seen for at least a year. Stock markets in Asia are also reeling this Monday morning following a tech stock rout in the United States late last week. “Markets are trading like a recession...Read More
As bitcoin and the rest of the market dump hard in one of the worst crashes in recent history, the community is actively trying to locate the source behind this cataclysm. Justin Sun, the founder of Tron and HTX’s advisor, was also blamed that he and his team were liquidated, which only intensified the market...Read More
As a beginner crypto trader, navigating trading charts can be overwhelming – especially given the countless techniques and tools available. Before diving into the technical aspects, it’s essential to understand what technical analysis is, why it’s important for trading success, and how it’s different from fundamental analysis. What is Technical Analysis? Technical analysis is the...Read More
The world’s second-largest crypto asset has tanked a whopping 23% in less than 24 hours, despite the launch of America’s first spot Ethereum exchange-traded funds last month. Ethereum prices plummeted from around $2,900 in late trading on Sunday to bottom out at $2,240 during the Monday morning Asian trading session. It is the lowest price...Read More
Bitcoin’s price troubles seem to have no ending as the asset kept plunging on Monday morning and fell to its lowest price position since late February of $53,000. This means that BTC has lost about $17,000 since last Monday, making it one of the worst weekly performances in its 15-year history. CryptoPotato has repeatedly reported...Read More
