Sell when others are greedy and buy when they are fearful, right? Should Warren Buffett’s advice be true, then the current landscape around three popular altcoins could suggest upcoming bullish rallies for all. According to Santiment, traders have picked 1inch, Tron, and Stellar to short lately, which could provide buying opportunities for investors. 1Inch, Tron,...Read More
The Future Forward USA PAC, which supports Vice President Kamala Harris’ presidential campaign, is now accepting crypto donations through Coinbase Commerce. This comes after a clarification following comments made by one of the company’s executives that initially caused confusion. Coinbase Clarifies Misstatement During Citigroup’s 2024 Global TMT Conference in New York this week, Coinbase Chief...Read More
The landscape around the spot Bitcoin ETFs in the US has changed dramatically since a few weeks ago when investors showed significant demand. Current data shows six consecutive days of consistent outflows, with September 3 being the worst in terms of flows since May 1. Spot Bitcoin ETFs Deep in Red US investors’ behavior regarding...Read More
Solana’s (SOL) price is set for a massive upside rally after facing significant selling pressure at its strong resistance level of $161. In the past few days, SOL has dropped by over 18% due to the overall bearish market sentiment and the recent price decline in Bitcoin (BTC). Trend Reversal Sign However, SOL’s daily chart...Read More
Decentralized Finance (DeFi) platform Penpie, built on the Pendle network, reportedly suffered a major exploit on September 3, 2024. According to the real-time on-chain monitoring system Cyvers Alert, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets. Details of the Attack Emerge The security surveillance company...Read More
The X accounts of Lara Trump and Tiffany Trump were reportedly hacked Tuesday evening, resulting in fraudulent messages posted to promote a fake cryptocurrency token. The compromised accounts were used to falsely endorse a token allegedly linked to World Liberty Financial, a new crypto project recently promoted by members of the Trump family. Details of...Read More
In a post on X on Sept. 4, the American billionaire businessman said that Bitcoin has been an outsider to the TradFi community over the past five years, and it’s only now “dipping its toe into global finance.” He added that his firm, Cantor Fitzgerald, will help the traditional finance sector onboard Bitcoin as it...Read More
John Deaton, a former Marine and prominent advocate for Ripple’s XRP, has emerged victorious in the Massachusetts Republican primary, securing his position as the GOP nominee for the U.S. Senate race. Following his victory, he will now face off against Democratic Senator Elizabeth Warren in the November elections. GOP Nomination According to a September 4...Read More
Bitcoin (BTC) has witnessed weak momentum over the past weeks, ranging between $55,000 and $65,000. The leading cryptocurrency has struggled to return to the $70,000 level, much less rallying to a new all-time high (ATH). Analysts at IntoTheBlock said BTC has been unsuccessful in its attempts to surge to a new peak because a large...Read More
The prospects of Ripple Labs filing for an initial public offering have been discussed at large throughout the past couple of years. Brad Garlinghouse, the company’s chief executive officer, spoke today at a fireside chat at Korea Blockchain Week, which is currently held in Seoul. Ripple IPO in the US? Speaking at the conference, Garlinghouse...Read More
Stock markets and crypto assets are in meltdown mode again, as billions have been wiped out over the past day. The “Magnificent 7” high-flying tech stocks have erased $550 billion in market capitalization on Sept. 3. The group includes Google parent Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, which have outpaced the rest of the...Read More
Richard Teng has publicly condemned the Nigerian government over what he describes as the “inhumane treatment” of Tigran Gambaryan, the company’s Head of Crime Compliance, who has been detained in the West African country for the past six months. Teng’s statement comes in response to a recently surfaced video that shows Gambaryan in visible distress...Read More
The U.S. Securities and Exchange Commission has levied another set of charges against Galois Capital – a crypto-focused advisory firm that custodied client assets at FTX. For its actions, Galois agreed to pay a civil penalty of $225,000, which will be distributed to harmed investors of the fund. Charged For Losing Money In FTX Per...Read More
Ripple has announced that South Korea’s Yonsei University is the latest to become a partner in its University Blockchain Research Initiative (UBRI) program. This new collaboration with the popular South Korean academic institution brings Ripple’s global UBRI partnerships to 58, with 12 of them located in the Asia Pacific region. Yonsei University will engage in...Read More
Ethervista, which is being described as the “Pump.fun” of Ethereum, released its whitepaper on Aug. 31, claiming to be a “value-compounding deflationary currency” with the token VISTA. Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, which are primarily meme coins. Its gas usage has surged to become...Read More
There has been a shift in the Ethereum market, as rising exchange reserves signal a potential new distribution phase coinciding with growing concerns over a death cross. This is evidenced by CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets. Ethereum in Jeopardy When the metric rises, it often...Read More
The Chief Legal Officer at Ripple Stuart Alderoty has publicly criticized the U.S. Securities and Exchange Commission (SEC) over its use of the phrase “crypto asset security.” In a post published on his official X account, the lawyer argued that the term is a made-up concept that has no legitimate grounding. Lawyer, Court, Call Out...Read More
Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each,...Read More
The hacker responsible for the $230 million cyberattack on Indian crypto exchange WazirX has begun transferring stolen funds using Tornado Cash, a digital currency mixer sanctioned by the U.S. government. The move, which hides the trail of stolen assets, is the latest attempt by the perpetrator to launder the ill-gotten gains. $6.5 Million in Stolen...Read More
The number of Bitcoin wallets holding 100 BTC or more has just hit a remarkable 17-month high. According to blockchain analytics platform Santiment, this surge was propelled by a notable increase in whale holdings over the past month. In an X post on August 31, Santiment shared that over 283 wallets holding at least 100...Read More
On Sept. 2, crypto analyst ‘Titan of Crypto’ showed his 90,000 X followers a technical pattern unfolding that has never been seen before. A golden cross is forming between the 100-day moving average and the longer time frame 200-day moving average. A typical golden cross is when a shorter time frame moving average like a...Read More
The TON blockchain processed over 46 million transactions last week, a significant surge fueled by the excitement surrounding the DOGS airdrop, according to the latest data shared by IntoTheBlock. This impressive activity highlighted the growing interest and engagement within the TON ecosystem, as users scrambled to participate in the airdrop, driving up transaction volumes to...Read More
According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300. This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year’s...Read More
The overall cryptocurrency market is in a downturn, but key metrics are flashing that the XRP price is set to skyrocket. In the past week, XRP has experienced a massive price drop of over 12% potentially due to the bearish market sentiment and the recent decline in Bitcoin (BTC). XRP’s Bullish Signals The current data...Read More
Last month, the crypto space experienced $313 million in losses due to over ten different hacks. Of the total stolen funds, 93.5% were lost in two large phishing attacks that occurred during that time. August Cases According to a post by blockchain security firm PeckShield, the two incidents combined for a loss of about $293.4...Read More
Data from bitcoin (BTC) on-chain analysis platform Bitbo shows that miners of the largest cryptocurrency suffered their worst month in nearly a year in terms of revenue generation. According to figures available on the dashboard, BTC mining activities secured $827 million in August, a more than 10% decrease from July’s $927.35 million. Transaction Fees Fall...Read More
Digital asset investment products witnessed $305 million in outflows last week, with negative sentiment widespread among various providers and regions. CoinShares attributes this to stronger-than-expected economic data from the United States, which has lowered the probability of a 50-basis point interest rate reduction. The asset manager further expects that as the Federal Reserve approaches a...Read More
Layer-1 blockchain Cardano, founded by Ethereum co-founder Charles Hoskinson, has completed its much-anticipated Chang hard fork, entering the final stages of the project’s development dubbed Voltaire era (the last era of the blockchain’s roadmap, focusing on decentralized governance). Completed on September 1, at 21:44 UTC at block 10764778, the upgrade will transform Cardano’s governance, where...Read More
On Polymarket, election bettors are once again leaning toward Republican candidate Donald Trump. In the meantime, Kamala Harris, the Democratic contender, saw her odds dip to 47% over the weekend, down from an earlier 50/50 chance. Trump Surges Back to 53% on Polymarket Trump’s odds of winning the November election had peaked at 71% in...Read More
Despite another dip in crypto markets over the weekend, they have been largely range-bound for the past six months. On Sept. 2, on-chain analyst James Check said that the Bitcoin “chopsolidation is evolving.” He added that the swings are getting larger and more sustained but cautioned that the price range is becoming unstable. “Screams to...Read More
