A widely followed cryptocurrency analyst and trader is expressing bearish sentiment on Bitcoin (BTC) over the short term. The analyst pseudonymously known as The Flow Horse tells his 194,800 followers on the X social media platform that an announcement regarding the approval of a spot Bitcoin exchange-traded fund (ETF) could inject excitement into the market …
Monthly archives: December 2023
Coinbase says custodial arm has ‘extensively prepared’ for spot Bitcoin ETF
Coinbase Custody has made adjustments in preparation for its role in pending spot Bitcoin ETFs, Bloomberg reported on Dec. 29. A Coinbase representative said: “We have extensively prepared for ETF approval … Our systems have been designed and tested to handle added trading volume, increased liquidity and general increases in demand on our systems.” Part …
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Whales Scoop Up $105,000,000 Worth of Chainlink in Just One Week As Project Highlights Focus for 2024
A crypto analyst says deep-pocketed investors are gobbling up the decentralized oracle network Chainlink (LINK) as the project reveals its focus for next year. Citing a chart from the analytics firm Santiment, crypto trader Ali Martinez tells his 38,200 followers on the social media platform X that the whale purchases could prime LINK for a …
Coinbase Custody Head Departs As Crypto Giant Prepares For Bitcoin ETF Services
According to Bloomberg, Coinbase Global has recently experienced a change in leadership within its custody division. The departure of Aaron Schnarch, former CEO of Coinbase Custody, has been confirmed by a spokesperson, who also revealed that Schnarch was replaced by Rick Schonberg in August. Per the report, the transition aligns with Coinbase’s efforts to offer …
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Record Crypto Options Volume Expires Pre-Bitcoin ETF Deadline: Analyzing BTC And ETH Reactions
The recovery of the overall crypto market this year has spurred a surge in the digital-asset derivatives market as institutional investors seek exposure to the crypto space. According to a recent Bloomberg report, the deadline for US regulators to approve or reject Bitcoin (BTC) exchange-traded funds (ETFs) has prompted traditional investors to turn to crypto options …
Avalanche To Support Meme Coins; AVAX To The Moon?
The Avalanche Foundation is expanding its support of meme coins. This move could further boost the popularity of Avalanche, a low-fee and high-throughput blockchain, and even support its native coin, AVAX. Avalanche Foundation To Support Meme Coins Taking to X on December 29, the foundation said it would continue its Culture Catalyst initiative to encourage meme coin …
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Want To Predict Bitcoin Tops And Bottoms? ‘The Rainbow Chart’ Is For You
The Bitcoin Rainbow Chart has emerged as a universally used analytics tool that helps crypto investors and traders predict BTC’s ever-changing market trends and cycles. Bitcoin Rainbow Chart BTC Analysis Throughout the year, the price of Bitcoin has experienced several uptrends and downsides. Starting from the last three months of 2023, BTC’S price has experienced …
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Shibarium’s Activity Surge: Wallet Growth And Elevated SHIB Burn Rate – Bullish Signal For Shiba Inu?
Shibarium, the Layer-2 blockchain linked to the widely recognized meme coin Shiba Inu, is making notable strides. Recent data indicates a significant uptick in user engagement, marked by a substantial increase in both transactions and wallet growth. The Shibariumscan explorer reveals that daily transaction volume on Shibarium has reached roughly 7.84 million, reflecting a steady …
Avalanche (AVAX) To Go Ape? Ethereum-Rival Aims To Promote Memecoins With New Culture Catalyst Initiative
One rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor. In a new announcement, layer-1 blockchain Avalanche (AVAX) says that it intends to start promoting its Culture Catalyst initiative, which launched last year and aims to support memecoins, gas …
BlackRock names JPM, Jane Street as authorized participants for spot Bitcoin ETF
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 …
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PancakeSwap community passes proposal to reduce token supply by 300M
In a landmark decision, decentralized exchange (DEX) PancakeSwap has successfully passed a proposal to reduce the total supply of its native token, CAKE, to a maximum cap of 450 million from 750 million. The proposal, which closed on Dec. 29, garnered an overwhelming 97.88% approval rate from the voting community, reflecting a significant shift in …
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Bitfinex predicts crypto market cap will double to over $3T as it continues global expansion efforts
Bitfinex predicts the total market capitalization of the cryptocurrency market, currently at approximately $1.6 trillion, is poised to double — potentially reaching a staggering $3.2 trillion, according to its year-end Alpha report. Despite the challenges faced in 2023, including regulatory hurdles and reputation concerns, the company remains optimistic about the resilience and potential growth of …
Decentralized Exchange Built on Osmosis Hit With Oracle Attack, Hacked for $1,140,000 Worth of Crypto
A decentralized exchange (DEX) built on Osmosis (OSMO) was hacked for $1.14 million worth of crypto this week. The Levana Protocol (LVN), which focuses on perpetual swaps, announced on Wednesday that it had been hit with an oracle attack that impacted 10% of its liquidity pools (LPs). Levana says the issue has been resolved and …
Crypto Analyst Breaks Down Two Major Ethereum (ETH) Rivals As Bitcoin (BTC) Consolidates
A widely followed crypto trader is reassuring traders that Bitcoin’s (BTC) current consolidation is simply a dip in the bull market. Crypto analyst Michaël van de Poppe tells his 679,400 followers on the social media platform X that the market cooling down at the end of the year is to be expected. “Bitcoin consolidating, altcoins taking a …
Cathie Wood’s ARK Invest Fund Dumps Grayscale Bitcoin Trust (GBTC) Shares Ahead of Looming ETF Decision: Report
An exchange-traded fund (ETF) managed by Cathie Wood’s ARK Invest has reportedly liquidated all of its holdings in crypto giant Grayscale’s flagship Bitcoin (BTC) trust product. According to Bloomberg, the ARK Next Generation Internet ETF unloaded its remaining 2.25 million shares of the Grayscale Bitcoin Trust (GBTC) on Wednesday. Wood’s fund also accumulated 4.32 million …