Circle eyes IPO as USDC market dominance dips to two-year low

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Bitcoin’s surge past $35,000 sparks massive $370M inflow to exchanges

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

FTX transfers $316 million in crypto, with Solana leading the outflows

FTX recently transferred approximately $316 million in digital assets to various crypto exchanges, according to on-chain data. Over the past several weeks, the beleaguered crypto exchange has been rapidly divesting portions of its crypto holdings, including assets like Solana (SOL) and Ethereum (ETH), as part of its bankruptcy proceedings. For context, FTX executed crypto transfers …

Crypto Trader Highly Bullish on Bitcoin, Says Massive BTC Parabola Is Forming – But There’s a Catch

A closely followed crypto strategist and trader believes that Bitcoin (BTC) is in the early stages of a parabolic surge. Crypto analyst Kevin Svenson tells his 130,100 followers on the social media platform X that Bitcoin tends to go on a parabolic surge during its pre-halving year. The halving, which is slated for April 2024, …

Crypto banking app Bitwala relaunches via new partnership with Striga

European crypto-banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations in 2022. News Join us on social networks European cryptocurrency banking platform Bitwala, formerly known as Nuri, is coming back after ceasing operations and returning customer funds last year. Bitwala is relaunching operations under its original name in partnership with the …

UAE central bank to penalize unlicensed virtual asset service providers

UAE lawyer Irina Heaver explained that the new guidance is part of the UAE’s efforts to be removed from the Financial Action Task Force’s (FATF) “grey list.” News Join us on social networks The Central Bank of the United Arab Emirates (CBUAE), along with other regulators in the country, has recently published new joint guidance …

Binance launches Web3 wallet for its 150M registered users

The Binance Web3 wallet has been launched within the primary Binance app, which is predominantly used for trading cryptocurrencies. News Join us on social networks Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile …

Bitcoin ‘short squeeze’ sends BTC price to $35.9K as OI stays elevated

More than $15 billion in Bitcoin open interest reaches a predictable conclusion as shorts get squeezed and BTC price action targets $36,000. Market Update Join us on social networks Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000. BTC/USD 1-hour chart. Source: …

OpenSea investor marks down stake in platform by 90%: Report

OpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million. News Join us on social networks United States tech investment firm Coatue Management has marked down the value of its stake in nonfungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed …

Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf

The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners. News Join us on social networks Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq. Onafriq will …

Analyst Who Accurately Called Bitcoin 2018 Bottom Predicts Big Ethereum Rally – But There’s a Catch

A crypto analyst who correctly called Bitcoin’s (BTC) 2018 bottom thinks Ethereum (ETH) is primed to surge in the next few months. The pseudonymous trader Bluntz shares a chart with his 226,500 followers on the social media platform X that projects a brief correction for ETH before the asset jumps to nearly $2,400 in price …

Altcoins Market Share Versus Bitcoin At A 4 Month High: What’s The Trigger?

Looking at Kaiko’s data shared on November 7 by Dessislava Ianeva, a Research Analyst at the blockchain analyst firm, it is evident that altcoins market share versus Bitcoin (BTC) has been rising in the past four months, reaching a 4-month high, the highest level since July 2023. The surge in market share can be attributed to multiple …

Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal 20% Price Correction

Bitcoin’s open interest—the total number of outstanding derivative contracts that have not been settled—has surged to levels not seen in over six months. Amid these high-interest levels, market analysts warn that Bitcoin may see a 20% price correction. Analysts Weigh In On Market Implications The surge in open interest has been linked to a substantial …

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