[PRESS RELEASE – New York, NY, United States, June 25th, 2024] The company expands flagship Ethereum mainnet support to accommodate rising user adoption of layer 2 blockchains. Harpie, a blockchain security suite that protects retail investors and their digital wallets from theft, today announces the expansion of their flagship Ethereum wallet protection to include coverage...Read More
During previous bull markets, the Ethereum Foundation has demonstrated a keen ability to time the market with its ETH holdings. However, the foundation appears to have departed from this established pattern. Ethereum Foundation’s Unexpected Selling Restraint The Ethereum Foundation was found to have executed large sales of ETH near peak valuations in the past. This...Read More
[PRESS RELEASE – Singapore, Singapore, June 25th, 2024] Ranked the number one derivatives DEX by volume, SynFutures V3 tops $100 billion in cumulative trading volume on Blast SynFutures, the leading DeFi derivatives protocol, has just crossed $100 billion in cumulative trading volume on Blast. The milestone comes less than four months following the Blast mainnet...Read More
The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and the broader cryptocurrency industry, has tanked to its lowest score in nearly 18 months. This development follows bitcoin’s drop below $60,000, reaching its lowest point since early May. Crypto Fear & Greed Index Plummets The index fell 21 points on June 24,...Read More
Grayscale’s GBTC has dominated in the recent wave of outflows from US spot Bitcoin ETFs, which collectively recorded a total daily net outflow of $174.45 million on Monday. This marked a week of consecutive negative flows, with Grayscale’s GBTC alone accounting for $90 million of the outflows. No Inflows Across Spot Bitcoin ETFs Interestingly, BlackRock’s...Read More
[PRESS RELEASE – Road Town, British Virgin Islands, June 25th, 2024] Promontory Technologies is excited to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy approach to trade liquid listed digital (“crypto”) assets. The fund is designed to be market-neutral and avoid deep drawdowns, offering both a BVI vehicle for non-US investors...Read More
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the...Read More
Ripple’s XRP has been one of the cryptocurrencies that managed to maintain relative stability during the ongoing market turbulence. In fact, for the past 24 hours, it has added 0.62% to its price and remains trapped in a relatively tight range at around $0.48. XRP Trading Volume Soars Data from CoinMarketCap reveals that, at the...Read More
Michael Saylor, the executive chairman and co-founder of MicroStrategy, has predicted that Bitcoin will reach $10 million per coin. Saylor made this prediction during a podcast with Robin Seyr, further claiming that China will become a strong supporter of the cryptocurrency. Chinese Adoption and Economics Saylor, who is known for being among the most vocal...Read More
Famous investor and author Robert Kiyosaki said on Monday that he was eagerly waiting to buy more Bitcoin after the asset’s price fell to $61,000 to start the day. But The Bitcoin Dip, Says Robert Kiyosaki The man behind the best-selling finance book Rich Dad Poor Dad asserted that selling in times of market turmoil...Read More
Metaplanet Inc., a Japanese investment firm, announced on Monday that its board of directors decided to purchase Bitcoin worth about $6.26 million (1 billion Yen) using capital raised through a round of bond issuance. This announcement caused a sharp spike of 12% in the price of Metaplanet’s stock, indicating community approvals of these purchases. More...Read More
Today, the cryptocurrency market faced a lot of selling, causing the price of Bitcoin to fall sharply below important support levels and head toward a low of $59,000. This drop was triggered by an announcement from Mt. Gox about starting repayments, which led to fears of more selling. At the same time, the price of...Read More
Football legend Ronaldinho Gaúcho has hinted at a return to the cryptocurrency scene. On June 23, he posted on X, declaring it was time for the asset class to “go mainstream” and urged his followers to join him. However, this announcement has not been met with enthusiasm. Instead, it caused criticism and skepticism from the...Read More
[PRESS RELEASE – Dubai, UAE, June 24th, 2024 BitDoge a new meme coin hosted on the Bitcoin network, has launched its presale, introducing a unique concept by integrating play-to-earn (P2E) mechanics with a Bitcoin-based narrative to engage both gamers and crypto enthusiasts. The BitDoge presale is now live and accessible to the public: https://bitdoge.io/BdjPW0DhkD Key...Read More
[PRESS RELEASE – Newport Beach, California, United States, June 24th, 2024] BioMatrix.ai, a pioneering force in the world of wealth distribution, is proud to announce the launch of Proof of You (PoY) AI Tokens the world’s first free-for-life AI tokens. This groundbreaking initiative seeks to democratize access to digital assets, striving to make Universal Basic...Read More
Digital asset investment products experienced a second consecutive week of outflows shedding $1.2 billion which amounted to $584 million. According to CoinShares, this could potentially be a result of the pessimism amongst investors regarding potential Fed interest rate cuts this year. Altcoins See Inflows Amid Market Weakness Bitcoin bore the brunt and remained the primary...Read More
On Monday, June 24, Tether, the issuer of the popular stablecoin USDT, announced its decision to halt the minting of USDT on the Algorand and EOS blockchain networks. The company cited plans to concentrate on blockchains with expanding communities as the reason for this change. Although new token issuance has ceased, Tether assured that token...Read More
Bitcoin’s ongoing correction could be nearing its end and the market could experience a rally in the coming weeks, judging by pseudonymous cryptocurrency trader Teddy’s analysis. According to their tweet, if history repeats itself, bitcoin’s bottom for this correction could be in the $61,000 range. Bitcoin to Bottom at $61K Teddy explained that every correction...Read More
[PRESS RELEASE – Singapore, Singapore, June 24th, 2024] In an industry where traditional barriers often exclude the average investor from high-value assets, iRA Blocks emerges as a game-changer, leveraging blockchain to bring real-world assets within reach of the masses. The financial industry has long been characterized by its exclusivity, particularly when it comes to investing...Read More
[PRESS RELEASE – Dubai, UAE, June 24th, 2024] Hermetic Labs, a consulting firm specializing in blockchain technology, announced its official launch under the leadership of Milana Valmont. The firm aims to assist individuals and organizations in navigating the complexities of the crypto space through education and tailored advisory services. Hermetic Labs will focus on delivering...Read More
This week, investors are focusing on key reports that could provide insights into the U.S. economy’s health and outlook. The most anticipated is the Personal Consumption Expenditures (PCE) report, which serves as the Federal Reserve’s preferred inflation gauge. There are also reports on consumer sentiment and inflation expectations data that could rattle markets. Economic Events...Read More
In an important development, the defunct crypto exchange Mt. Gox announced it will begin repaying creditors in Bitcoin and Bitcoin Cash starting next week. This repayment marks a crucial step towards resolving claims from its 2014 collapse. Mt. Gox Repayment Process: An Overview Mt. Gox will initiate repayment in July 2024, focusing on creditors who...Read More
On June 24, the Mt. Gox rehabilitation trustee issued a letter regarding repayments to creditors commencing at the beginning of July 2024. “The Rehabilitation Trustee has been preparing to make repayments in Bitcoin and Bitcoin Cash under the Rehabilitation Plan,” it stated. The move comes after extensive preparations to ensure safe and compliant repayments, it...Read More
HashKey Group, a leading end-to-end digital asset financial services group in Asia, announced the upcoming public community airdrop and listing of its new native token, HSK, which is set to be unveiled in Q3 2024. The statement notes that the new HashKey native token HSK will earn applications within the entire HashKey group ecosystem and...Read More
The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty. Although the stock market also falls in this category, at least to an extent, it has been on a wild run in the past few weeks, with multiple new all-time highs from the most prominent...Read More
A popular New York-based crypto exchange, Uphold, announced the delisting of six stablecoins in response to the upcoming MiCA regulation in the European Union, including Tether (USDT) – the largest of the cohort. This decision aligns with the Markets in Crypto Assets (MiCA) regulation, which fully takes effect on June 30th, 2024. Passed into law...Read More
The crypto market is in the red amid significant bloodshed from bitcoin (BTC) and altcoins. There is currently no bullish momentum, and BTC is hovering around key levels, falling below traders’ on-chain realized price of $65,800. Regardless, CryptoQuant analysts insist in a recent report that the market is in a bull season. Lack of Bullish...Read More
Bitcoin (BTC) loses momentum as its price falls below the short-term holder’s realized price of $65,800. This could kickstart a wave of panic selling, leading to significant losses for Bitcoin (BTC) and other crypto assets. Amidst this market downturn, the popular Ethereum token ETFSwap (ETFS) defies market trends and provides investors, with an alternative avenue...Read More
Can an altcoin actually multiply your wealth? Let us take an example: if you had invested USD 50 in ETH during its ICO in 2014, you could potentially have had 161 ETH tokens, and its pricing would have amounted to nearly USD 530,000 at the moment, which is… a lot! If you are already fretting...Read More
There has been increased speculation over a Bitcoin miner capitulation as hash rate increases slow down, operational costs increase, and the asset price continues to fall. Analyst James Check assessed miner-side sell pressure to determine the severity of the miner selloff in a video on June 21. Miners selling after a halving event and the...Read More
