OKX CEO Star Xu has warned users about the risks of interacting with the sanctioned crypto mixer Tornado Cash. In an Aug. 9 statement via the social media platform X (formerly Twitter), Xu stated that deposits from sanctioned entities, including Garantex and Tornado Cash, or withdrawals to these entities could trigger compliance risks and lead …
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Quick Take Bitcoin has experienced a significant resurgence, surging approximately 25% from its recent lows of $49,000. The digital asset’s market capitalization has also rebounded, now standing around $1.2 trillion after dipping as low as $980 billion. Once again, this recovery firmly established Bitcoin as a $1 trillion asset class. BTCUSD Market Cap: (Source: TradingView) …
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The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment has turned bearish, with increased selling pressure and critical valuation metrics suggesting potential for further decline. Cryptoquant Analysis: Bitcoin Plummets Amid Bearish …
Continue reading “Cryptoquant Insights Warn: Bitcoin’s MVRV Ratio Signals Bearish Turn “
Investors are going mad for meme coins again, and this time, Brett (BRETT) is benefiting. This Base chain meme coin has soared past the $0.10 level this week. Meanwhile, a newer contender, Base Dawgz (DAWGZ), is already building a strong position in its ICO – raising over $2.8 million from early backers. BRETT Bounces Back …
Continue reading “Brett Price Rises Above $0.1 as Base Dawgz ICO Nears $3M”
The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market has been “front-running,” Plan B remains confident that the top cryptocurrency will still hit $100,000 in 2024. Bitcoin’s Early Bull …
Automobili Lamborghini and Animoca Brands, known for non-fungible tokens (NFTs), Web3 gaming, and the metaverse, have announced a collaboration to enhance brand engagement in the automotive industry. This partnership aims to deliver unique experiences for Lamborghini’s fans and customers by integrating digital technologies. Creative design studio Gravitaslabs and Motorverse, a global ecosystem for digital vehicles …
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The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and …
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With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone. Tether’s $1.26B Growth Fuels Stablecoin Expansion Not long ago, the crypto market …
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PRESS RELEASE. SINGAPORE — 9th August 2024 — TOKEN2049, the world’s largest Web3 and crypto conference, announced a star-studded DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Making their eagerly awaited debut in Singapore, award-winning trio WhoMadeWho will be headlining the event, alongside South African DJ and …
A widely followed cryptocurrency analyst and trader is predicting a massive rally for one large-cap memecoin. Pseudonymous crypto strategist Bluntz tells his 267,900 followers on social media platform X that meme asset dogwifhat (WIF) could soar more than 495% from the current value. “$10 next, it’s inevitable.” The analyst relies on the Elliott Wave theory, …
Seasoned trader Peter Brandt is warning there’s a 50% chance that Bitcoin (BTC) plummets below $40,000 this cycle. Brandt tells his 734,000 followers on the social media platform X that Bitcoin could possibly plummet more than 35% from its current value before the end of next year. “I believe there is a 50% chance BTC …
A widely followed crypto analyst is expressing bullish sentiment on a large-cap altcoin while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new thread, pseudonymous crypto trader Credible Crypto tells his 408,700 followers on the social media platform X that XRP, the token used to operate Ripple Labs’ payments platform, is due …
Alameda Research, the sister company of the defunct FTX crypto exchange, has moved part of its Worldcoin WLD holding for the first time since receiving it in September 2023. Crypto Intelligence platform SpotOnchain reported that the failed crypto trading firm transferred 205,387 Worldcoin (WLD) tokens, valued at $352,000, to Binance. It stated: “Nine hours ago, …
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During a recent Rumble livestream, Trump Jr. addressed the growing speculation linking the Trump family to various meme coins. He emphasized that while he appreciates the enthusiasm for meme coin culture, any official Trump project would not fall into that category. However, Trump Jr. and his brother Eric are working on a project that is …
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Quick Take On Aug. 8, Bitcoin surged to reclaim the $60,000 mark, a significant recovery from its low of $49,000 on Aug. 5. Bitcoin This resurgence in Bitcoin’s price coincided with notable inflows of $194.6 million into Bitcoin ETFs, marking the most significant inflow since July 22. BlackRock’s IBIT led the charge with a $157.6 …
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