With spot Ethereum ETFs on the horizon in the United States, should existing Bitcoin ETF holders split their crypto holdings into ETH? In a Twitter thread on Thursday, Bitwise CIO Matt Hougan offered three reasons for why this might be a good idea. Why Bitcoin Holders Should Buy Ethereum The first, Hougan wrote, is for...Read More
Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of “global economic money” within the next decade or so. Allaire shared his vision in a June 19 X post, revealing the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins Could Revolutionize Global Economy Allaire noted that stablecoins,...Read More
Crypto exchange Kraken says it got its money back from the “security researchers” that took $3 million from the platform this year. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees),” tweeted Nick Percoco, Chief Security Officer for Kraken, on Thursday. Kraken Gets Its Money Back Though...Read More
The decentralized layer-1 blockchain, The Open Network (TON), has grown into one of the most popular chains and is seeing high activity as users flock to the ecosystem. A CryptoQuant Quicktake by an analyst revealed that the network’s on-chain metrics are skyrocketing, with its daily transfer volume reaching 10% of Bitcoin’s figures. These parabolic metrics...Read More
The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat. The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in...Read More
Cryptocurrency investors have shown extreme levels of fear and uncertainty toward bitcoin (BTC) over the past month. According to on-chain data analysis firm Santiment, this extended period of negativity is unusual and could signal a potential buying opportunity for those who can endure the market’s inherent volatility. Record FUD Levels and Whale Accumulation Many investors...Read More
With investors eagerly anticipating a much-needed rebound in the price actions of the crypto market, Cardano (ADA) and Ripple’s XRP have emerged as two of the most prominent altcoins experiencing heavy trader shorting after a brief respite. This activity comes amidst mild hints of a rebound in their prices. Heavy Shorting on ADA and XRP...Read More
Bitcoin’s price has been trapped within a tight range after its drop from $70,000. However, this prolonged market downturn has failed to deter investors from stacking up the world’s largest digital asset. One such whale, known for strategically selling at price highs, has now bought $395 million worth of BTC. First Bitcoin Purchase After 1.5...Read More
Leading cryptocurrency exchange Kraken’s chief security officer Nick Percoco has revealed that an undisclosed white-hat hacker group has refused to return digital assets worth roughly $3 million, which they stole from the platform’s treasury by exploiting a bug in its system. In a series of X posts, Percoco said the security researchers are demanding that...Read More
The analyst/host of The House of Crypto took to his latest video and said that there’s potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season. He discusses specific altcoins that are currently rebounding and explores the broader market...Read More
According to a recent report, Montenegrin Prime Minister Milojko Spajić has been identified as one of the early investors in Terraform Labs. Court documents released by the U.S. Securities and Exchange Commission (SEC) reveal that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens, which at their peak were valued at $90 million. Spajić...Read More
The cryptocurrency market has been lackluster, with top assets trading sideways, showing minimal volatility and limited price movement. Despite this period of stagnation, data suggests that most of these digital assets are undervalued and have more upside potential. SHIB, DOGE, ADA Immensely Undervalued According to Santiment’s latest findings, the 30-day Market Value to Realized Value...Read More
After making a comeback above $0.50 yesterday, XRP noted a mild decline from the level in the past 12 hours or so. The brief uptrend, however, wiped its weekly losses, making XRP the only top cryptocurrency in the green during the same period, with a slight rise. Investors Flock to XRP In line with the...Read More
Ex-convict Martin Shkreli, who spent several years in prison for financial-related frauds, just recently hopped onto an X space and publicly announced his role in the creation of the new Donald Trump-themed token DJT. This comes after questions on the token’s authenticity and accusations of insider trading continue to come up. Ex-Convict Co-Created DJT While...Read More
There has been a significant shift in the distribution of Dogecoin holdings over the past year. In fact, a cohort of DOGE whales have slowly reduced their holdings, which, in turn, may have been captured by retail and mid-sized holders of the meme coins. DOGE Whales’ Distribution According to the latest analysis by IntoTheBlock, the...Read More
The spot Bitcoin ETFs in the States have reversed the late May/early June trend and have seen several consecutive days of outflows, worth more than $600 million. These adverse developments on the ETF front have impacted the price of the underlying asset, as well as the entire crypto market, and BTC slumped to a monthly...Read More
Bitcoin’s price has been trapped within a range below $70,000 for quite some time now. Attempts to surpass this level have been brief and unsuccessful as the digital asset failed to maintain the upward momentum. Interestingly, new research revealed that the retail crowd is not here yet. Bitcoin Retail Crowd Not Here Yet According to...Read More
A cryptocurrency investor based in London has lost almost all his digital asset investments to armed robbers following a physical attack in his home. An X post by the victim, pseudonymously named Ram, revealed that the three thieves were armed with machetes and forced him to transfer all his crypto to certain accounts. Investor Loses...Read More
Ethereum generated the most fees among the top twenty protocols over the past 30 days with around $180 million, according to new data from Token Terminal. On June 17, the crypto analytics platform reported that Ethereum was way ahead of other blockchains, which were dominated by layer-1 chains and DeFi protocols, with only one layer-2...Read More
Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the...Read More
Crypto asset management firm Hashdex is applying to launch an ETF backed by both spot Bitcoin and spot Ethereum holdings – the two largest cryptocurrencies by market cap. The Hashdex Crypto Index US ETF Analysts discovered the product in a form 19b-4 from the Nasdaq stock exchange on Tuesday, requesting permission from the Securities and...Read More
On June 17, Tether CEO Paolo Ardoino announced aUSDT, a new synthetic dollar over-collateralized by XAUt, Tether’s gold-backed digital asset. In a post on X on June 18, industry analyst and stock-to-flow creator Willy Woo said it was “A genius business idea by Tether.” Tether’s USDT is currently earning on U.S. Treasury Bills, but now...Read More
Bitcoin has become significantly less volatile in recent times. This is evidenced by the absence of any extreme spikes in price movements in either direction since the completion of the fourth halving. Such a trend of dwindling volatility signals maturity, according to experts. Bitcoin Sees Signs of Maturity Over the past week, bitcoin saw a...Read More
Decentralized blockchain network Internet Computer Protocol (ICP) has launched a new solution that will enable the sharing of personal data while maintaining privacy and control in the web3 space. According to a press release sent to CryptoPotato, Verified Credentials (VCs) are designed to prevent public discourse manipulation on social media by eliminating bots and fake...Read More
Around $75 billion has exited crypto markets over the past 12 hours with total capitalization falling to a monthly low of $2.48 trillion. However, meme coins are suffering the greatest losses, with many of them dumping by double digits. In a post on X on June 18, Bitcoin pioneer Kyle Chassé said it has “never...Read More
Last week marked a notable shift in the dynamics of the crypto market. Bitcoin (BTC) lost over 6% of its value, and U.S. spot Bitcoin exchange-traded funds (ETF) broke their 20-day inflow streak with outflows running into hundreds of millions of dollars. According to the latest Bitfinex Alpha report, bitcoin’s plunge was mainly caused by...Read More
American investment management firm VanEck is set to launch the first spot Bitcoin exchange-traded fund (ETF) on Australia’s securities trading platform this week. According to an official announcement from the asset management company, the spot Bitcoin ETF will go live on the Australian Securities Exchange (ASX) on Thursday, June 20. VanEck Unveils Australian Bitcoin ETF...Read More
Venezuelan political critics and activists have warned that President Nicolás Maduro and his government are increasingly turning to cryptocurrency transactions as a method to evade international sanctions. This follows the U.S. reinstating gold and oil sanctions recently, following Maduro’s failure to honor an agreement to ensure fair elections scheduled for July. Critics Urge for Stricter...Read More
BlackRock’s chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment class’s slow adoption. Financial Advisors Are Cautious...Read More
A hawkish-than-expected FOMC meeting drove investors to scale back their exposure to fixed-supply assets, which in turn resulted in digital assets investment products seeing outflows of $600 million. This represented the largest outflows since March 22, 2024. Moreover, the recent price declines further exacerbated the bearish sentiment, as evidenced in the decrease in total assets...Read More
