A CryptoQuant analyst says Ether (ETH) could experience a rally soon, as shown by metrics in the cryptocurrency’s futures market. According to a post by the analyst, Shayan, ETH has just witnessed a significant liquidation event, and historically, such occurrences are often followed by price rallies as markets stabilize and spot buying pressure dominates. ETH...Read More
Bitcoin mining firm Marathon Digital Holdings has announced plans for a $250 million offering of convertible senior notes due in 2031. The latest private offering is targeted at “qualified institutional buyers.” The firm aims to use the proceeds for the acquisition of Bitcoin as well as corporate growth. The company also has the option to...Read More
The Ethereum network is currently experiencing its lowest level of ETH burning this year. Data suggests that the base fee briefly tumbled to a multi-year low of almost 0.8 Gwei. This significant drop in base gas fees has led to a reduction in ETH issuance, with only 210 ETH burned on August 10th, which represented...Read More
Crypto markets have started to retreat again following signs of a recovery after the big crash a week ago. Moreover, there will be a busy week ahead in the U.S. economic calendar as inflation data is released, which could influence Federal Reserve monetary policy. These reports usually have a large impact on stock and crypto...Read More
With bitcoin in retreat again, analysts are looking for technical indicators and signals that could provide clues as to where it is heading next. On Aug. 12, crypto derivatives data provider CoinGlass reported that the liquidity heatmap is showing key first-test lines at around $56,800. If BTC prices bounce off this level, it will test...Read More
Toronto-based Bitcoin mining company Bitfarms reported a total revenue of $42 million, marking a 16% decline quarter-over-quarter. This decrease is attributed to the reduction in block rewards resulting from the BTC halving event on April 19, 2024. Q2 Financial Result Bitfarms reported a net loss of $27 million, or $0.07 per share, which includes a...Read More
In July, global crypto trading volume on centralized exchanges surged by 19%, reaching $4.94 trillion. This marks the first increase in trading volumes in four months, as reported by CCData. Crypto Trading Volume Surge CCData noted that the increase in trading volume is due to the launch of spot Ethereum exchange-traded funds in the U.S....Read More
Binance’s venture capital and incubation arm – Binance Labs – announced investing in the Solana-based restaking network, Solayer. Solayer plans to deploy the new capital infusion from Binance Labs to grow its team, onboard additional protocols into its ecosystem, and solidify its role as a crucial part of the Solana blockchain. According to the official...Read More
As the cryptocurrency market evolves, MoonTaurus (MNTR) is emerging as a formidable contender with the potential to surpass Pepe (PEPE) in market capitalization. MoonTaurus stands out due to its innovative approach and strategic vision. Here are three compelling reasons why MNTR is positioned to achieve a larger market cap compared to Pepe. With a well-defined...Read More
Binance has announced that its security team has successfully recovered or frozen more than $73 million in user funds from external hacks as of July 31 this year. This latest figure exceeds the roughly $55 million recovered in all of 2023. Binance’s 2024 Security Efforts As per the official press release shared with CryptoPotato, Binance...Read More
Leading European investment company CoinShares has revealed strong financial results for the second quarter of 2024. The company’s revenue more than doubled from the same period in 2023. According to the earnings report, CoinShares recorded revenue of £22.5 million ($28.5 million) in Q2 2024, representing 110% year-over-year growth from the £10.7 million ($13.5 million) seen...Read More
Bitcoin (BTC) the world’s biggest cryptocurrency has maintained its position above the $60,000 level for four consecutive trading days and is currently consolidating within a tight range. Amid this consolidation, Justin Sun the founder of HTX and TRON has gathered widespread attention due to his significant BTC transfer to Binance. Justin Sun moved $30 million...Read More
Another week went by, which began with massive volatility, and the spot Bitcoin and Ethereum ETFs were once again in the spotlight. Here’s the data regarding the inflows and outflows for the past five days, according to Farside. Bitcoin ETFs in the Red Last week ended on a highly negative point as the spot Bitcoin...Read More
At one of Berkshire’s world-famous annual shareholder meetings in Omaha during the late 1990s, Munger said, “The first $100,000 is a b——, but you gotta do it.” “I don’t care what you have to do. If it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get...Read More
The current market sentiment is quite neutral, with most cryptocurrencies at their crucial level. Amid this stability, Solana (SOL) whales have moved notable of tokens to centralized exchanges including Binance and Coinbase, in the last 24 hours. $55 million SOL moves to exchanges On August 10, 2024, the blockchain-based transaction tracker Whale Alert made a...Read More
[PRESS RELEASE – Delaware, United States, August 10th, 2024] TokenGlade, an innovative platform transforming digital token management on the Stellar blockchain, is thrilled to announce the official launch of its presale. Starting today, investors have an exclusive opportunity to purchase $TKG tokens at a special presale price, paving the way for a new chapter in...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, August 10th, 2024] Decentrawood, a leading name in the metaverse and blockchain space, announced the listing of DEOD, on the globally top crypto exchange MEXC. It is scheduled to take place on August 12th, 2024, at 10 AM UTC. DEOD’s listing on MEXC marks a pivotal moment for...Read More
Two years after filing for bankruptcy, Celsius is trying to recover some funds by suing Tether for an alleged wrong liquidation of more than $800 million worth of BTC (at prices in mid-2022). The stablecoin issuer was quick to respond, calling the lawsuit a “baseless shakedown” and promised to fight for a win. Celsius Goes...Read More
Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity. By Shayan The Daily...Read More
[PRESS RELEASE – Ohio, United States, August 10th, 2024] GramSlamsCrypto (GSLAM), the pioneering crypto project by Tomahawk Foods Inc., is excited to announce its expanded availability across four major cryptocurrency exchanges: UNISWAP, DIGIFINEX, BITMART, and LBANK. This strategic expansion enhances accessibility and trading opportunities for crypto enthusiasts around the globe. About GramSlamsCrypto (GSLAM) GramSlamsCrypto (GSLAM)...Read More
The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion fine the SEC wanted. Investors...Read More
The Commodity Futures Trading Commission (CFTC) has awarded over $1 million to a crypto whistleblower. According to an August 8 press release, the whistleblower’s information enabled the CFTC to bring an enforcement action related to improper trading in digital asset markets. Whistleblower’s Tip Uncovers Hidden Improper Trading “Identifying unlawful conduct in the digital asset marketplace...Read More
Former President Donald Trump, now a presidential candidate, has made Bitcoin a central focus of his campaign, promising to make the US a global crypto leader. Building on his father’s recent pivot toward crypto, Donald Trump Jr. is developing a new decentralized finance (DeFi) platform to address banking access inequality. Trump Jr Targets the Debanked...Read More
The popular Solana-based meme coin Dogwifhat (WIF) is leading the crypto meme industry. As of August 10, 2024, the overall performance of meme coins is quite dull, including top meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) as they experienced a price surge of 0.5%, 1.2%, and 1.35% in the last 24 hours....Read More
Stablecoin issuer Tether intends to double its workforce within the next year to strengthen areas such as compliance. By mid-2025, the company behind the USDT stablecoin anticipates expanding its headcount to approximately 200 employees, according to Chief Executive Officer Paolo Ardoino. Tether also plans to increase staffing in its finance department, which oversees the $118...Read More
[PRESS RELEASE – Singapore, Asia, August 9th, 2024] Elacity is partnering with Particle Network and BeatFarm to create a more intuitive and accessible way for music superfans to interact with their favorite artists using decentralized technology. This collaboration aims to simplify access and exchange of content within the music industry. By integrating Particle Network’s Wallet...Read More
Several crypto industry figureheads met with White House officials on Thursday morning to attempt to mend relations between the emerging fintech sector and the U.S. Democratic Party, according to FOX Business. The meeting reportedly grew tense when the government denied the industry’s claims that there was a coordinated effort to cut off crypto firms from...Read More
OKX is all set to deactivate accounts involved with sanctioned entities, including crypto mixer Tornado Cash and Moscow-based crypto exchange Garantex. On August 9th, OKX CEO Star Xu highlighted the platform’s strict adherence to compliance with international sanctions and clarified that such users will not be able to open accounts on the platform. OKX Enforces...Read More
Since the late 1970s, small- and medium-sized enterprises (SMEs) have leveraged private credit as a means of accessing capital when traditional banks were either unwilling or unable to meet their needs. Now, as the traditional banking sector becomes increasingly stringent in response to macroeconomic conditions, loans provided by non-bank institutions to businesses are helping to...Read More
According to Grayscale Research, Bitcoin might revisit its all-time high later this year if the U.S. economy avoids a recession. This optimistic outlook follows a period of stabilization in both crypto assets and broader financial markets, which had faced sharp declines from Friday, August 2, through Monday, August 5. Grayscale Predicts Bitcoin Rally In an...Read More
