Celebrity billionaire Mark Cuban has unloaded more than a dozen non-fungible tokens (NFTs) in a matter of days after letting them sit dormant for years. Cuban hawked a total of 14 NFTs over the weekend and on Monday, the most valuable of which is a “Pudgy Penguin” token that sold for nearly $31,000 worth of …
Monthly archives: June 2024
Tether USDT sees rapid $580 million growth on Telegram-linked TON blockchain
Tether’s USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether’s transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time. This milestone comes less than two months …
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Cardano outsmarts DDoS attacker who ends up funding network improvements
The Cardano blockchain successfully defended against a Distributed Denial of Service (DDoS) attack aimed at stealing staked tokens. The attack had little impact on ADA’s value, up by a modest 0.4% during the last 24 hours to $0.38 as of press time, according to CryptoSlate’s data. Attack details On June 25, Fluid Token’s CTO, Raul …
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Bitcoin endures sixth major correction since FTX collapse, dropping nearly 20%
Quick Take Bitcoin has recently experienced a correction of nearly 20%, marking the sixth since the low following the FTX collapse in November 2022. These corrections are common in bull markets and are essential for maintaining market health by flushing out leverage. BTCUSD: (Source: TradingView) The first notable correction in this cycle occurred during the …
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Ripple’s Garlinghouse says SEC Gensler’s actions could sink Biden in November
Crypto derivatives markets: Bitcoin vs. Ethereum Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into the theoretical and practical differences between BTC and ETH and explores their respective futures, options, and perpetual futures markets. Go to Source
Germany drops to fifth in global government Bitcoin holdings after further 750 BTC sell-off
Quick Take The German government has recently offloaded a significant amount of Bitcoin, according to data reported by Lookonchain and sourced from Arkham Intelligence. The data indicates that the government transferred 750 BTC, valued at approximately $46.35 million. Out of this, 250 BTC (worth $15.41 million) were sent to the exchanges Bitstamp and Kraken. Additionally, …
Vivek Ramaswamy’s VP Prospects Spike 1,100% on Prediction Market Polymarket
Following speculation that former President Donald Trump might select Republican Vivek Ramaswamy as his vice presidential candidate, Ramaswamy’s chances have significantly increased on prediction platforms like Polymarket. Over the last three days, his odds have jumped by 1,100%. Ramaswamy Gains Momentum in VP Stakes on Prediction Markets On Tuesday, the internet buzzed with ongoing speculation …
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US Spot Bitcoin ETFs Break Outflow Trend With $30M in Inflows
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $49 million, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $30 million in outflows. U.S. Spot Bitcoin ETFs Rebound On Tuesday, spot bitcoin ETFs in the U.S. reversed a week-long trend …
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US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council Report
Despite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from the Atlantic Council’s Geoeconomics Center finds. The report underscores the challenges of de-dollarization amidst geopolitical tensions. U.S. Dollar Holds Firm as Global Reserve Leader The …
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 …
EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine
The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime forbids Eurozone operators from utilizing the Russian-developed System for Transfer of Financial Messages (SPFS). These restrictive measures also focus on tankers associated with “Putin’s dark …
Exclusive Gateway to Japan’s Web3 Frontier – Detailed Agenda of IVS Crypto 2024 KYOTO and Japan Blockchain Week
PRESS RELEASE. Kyoto, Japan, June 26, 2024 – The IVS KYOTO Executive Committee (Headline Japan, IVC, Kyoto Prefecture and Kyoto City) is thrilled to unveil the detailed agenda for IVS Crypto 2024 KYOTO with Japan Blockchain Week Summit, set to be the main event of Japan Blockchain Week 2024. This premier event, taking place from …
Bernstein Analysts Say Crypto Assets Could End Up As the ‘Trump Trade’ As 2024 Elections Approach: Report
Bernstein analysts reportedly think crypto assets could rally if former president Donald Trump wins the 2024 election. Gautam Chhugani and Mahika Sapra, two analysts at the Wall Street brokerage giant say in a new report that a Trump Administration could potentially bolster institutional adoption of digital assets with friendly regulations, according to Bloomberg. “The Republican …
Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip
Rich Dad Poor Dad author Robert Kiyosaki says he is planning to buy more Bitcoin (BTC) as the crypto king dips in price. Kiyosaki tells his 2.5 million followers on the social media platform X that he has a “buy and hold” investing strategy when it comes to Bitcoin. “Bitcoin is crashing. Most people should …
History Suggesting Bitcoin (BTC) Should Hold Current Levels, According to Analyst – Here’s Why
A widely followed crypto analyst believes that Bitcoin (BTC) will likely hold current levels after briefly correcting into the $59,000 range. Pseudonymous crypto trader Rekt Capital tells his 478,800 followers on the social media platform X that historical precedence suggests Bitcoin will likely continue trading in a range with a low of $60,000 on the …