Meme Coin Sponge revisited the 100x gains it made in May last year as its price pumps 84% in 24 hours to $0.00114, after V1 […] Go to Source
Monthly archives: January 2024
Trader Issues Warning for Ethereum-Based Altcoin After Big Rejection, Updates Outlook on Bitcoin (BTC)
A widely followed crypto analyst is issuing a warning, saying that one Ethereum-based (ETH) altcoin may plummet after being rejected from a key level. Pseudonymous crypto strategist Rekt Capital tells his 384,800 followers on the social media platform X that decentralized oracle provider Chainlink (LINK) has broken below the diagonal support of an ascending channel …
How To Bridge And Trade On The Injective (INJ) Network
Injective is a blockchain designed specifically for finance. It is an interoperable and environmentally-friendly layer 1 blockchain that supports advanced DeFi applications, including crypto trading dApps, like spot and derivative exchanges, and lending protocols. That being said, in the fast-paced world of cryptocurrency, the Injective Network has emerged as a trailblazing force, revolutionizing the landscape …
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Crypto Analyst Forecasts MATIC Price Recovery With This 16% Swing
MATIC was one of the altcoins affected by the recent market downturn triggered by the controversial Matrixport report on the Bitcoin spot ETF this week. This negative sentiment pushed the cryptocurrency’s price from trading at nearly $1 to below $0.85 in a single move. However, the tide seems to be turning in favor of the …
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Ethereum Giga Whales On A Historic Buying Spree – Here’s How Much ETH They’ve Bought
Ethereum whales have been on a buying spree for a while now, which is an indication of their sustained support for the king of altcoins. These whale buys have particularly increased in the past few weeks. On-chain data from Santiment reveals Ethereum’s largest private wallets now hold an all-time high of 56.25 million ETH, representing …
Akash Who? Lesser-Known Altcoin Rules Weekend’s Top 100 List With 40% Rally
Over the course of a single year, Akash (AKT) – a seemingly unheard of altcoin – exhibited a surprising surge, with its value skyrocketing by over 1,400%, showcasing remarkable resilience and strength in the market. This strong performance not only underscores the asset’s robustness but also positions it as a notable player in the cryptocurrency …
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Revised Forecast: Bloomberg Analyst Cuts Probability Of Bitcoin Spot ETF Rejection To 5%
Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility of the US Securities and Exchange Commission (SEC) denying the launch of the Bitcoin spot ETF to 5%. This latest forecast comes as crypto enthusiasts worldwide anticipate a wide-scale approval of various Bitcoin spot ETF proposals by the SEC on Wednesday, January 10. Why The …
OpenAI, Microsoft face fresh lawsuit over copyright infringement filed by authors
Nonfiction authors Nicholas Basbanes and Nicholas Gage have filed a class-action lawsuit against Microsoft and OpenAI, charging them with copyright infringement for their use of literary works in AI training. The legal action, lodged in a Manhattan federal court, is the latest in a string of lawsuits challenging the AI industry’s practice of using existing …
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PlanB Expects a ‘Nice 10x’ for Bitcoin As Several Indicators Start To Turn Bullish – Here’s His 2024 Outlook
Quant analyst PlanB says that a 10x price increase for Bitcoin (BTC) is in the cards as many of its key indicators have flipped bullish. In a new video update, the closely followed on-chain analyst tells his 89,400 YouTube subscribers that he doesn’t expect Bitcoin to have diminished returns, or lesser gains than the previous …
Digital Currency Group Has Paid Off $1,000,000,000 in Short-Term Debt, Says CEO Barry Silbert
Digital Currency Group (DCG) CEO Barry Silbert says the venture capital firm has settled over $1 billion in debt, including the nearly $700 million owed to its bankrupt subsidiary Genesis. In September, Genesis filed a lawsuit to recover around $627 million in loans owed to it by DCG and its affiliate DCG International Investments (DCIG) …
Bankrupt Lender Celsius Waiting to Unstake Nearly $470,000,000 Worth of Ethereum (ETH): Nansen
Defunct crypto lending platform Celsius is in line to unstake and presumably sell nearly half a billion dollars worth of Ethereum (ETH), according to on-chain data. Celsius, now going through a lengthy bankruptcy process, was a service that used to offer customers yield on their crypto deposits. However, the firm collapsed after it allegedly mishandled …
Investor cohorts outpace Bitcoin’s monthly mined supply for the first time since early December
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 …
Shift in digital asset market as smaller wallets sell off, while mid-tier investors continue to accumulate
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 …
CoinShares’ Meltem Demirors Says Approval of Bitcoin ETFs Will Not Be a Sell-the-News Event – Here’s Why
The chief strategy officer of market intelligence firm CoinShares believes that the potential approval of spot market Bitcoin (BTC) exchange-traded funds (ETFs) in the coming days will not be a bearish event for the leading crypto asset. In a new CNBC Television interview, Meltem Demirors says that investment flows into crypto exchange products (ETPs) indicate …
Justin Sun and Another Whale Accumulate Over $180,000,000 Worth of Ethereum in Less Than Two Weeks: Lookonchain
Tron (TRX) founder Justin Sun along with an unknown crypto whale have accumulated massive amounts of Ethereum (ETH) in the last two weeks, on-chain data shows. Blockchain tracking firm Lookonchain reports that Sun and a fellow deep-pocketed entity have acquired over $182 million worth of Ethereum since December 26th. First, Lookonchain notes a wallet beginning …