Bitcoin ETFs have 4-8X more BTC price influence than miners — Research
Bitcoin miners' "market influence" pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode.
Posts published on July 18, 2024 go to media archive 4/5
First Mover Americas: Bitcoin Trades Below $65K Following Wednesday's Drop
The latest price moves in bitcoin (BTC) and crypto markets in context for July 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
XRP Price Plummets To $0.5724, Can Bulls Maintain Support?
In recent trading activities, XRP has experienced a significant retracement, dipping toward a critical support level of $0.5724. This retracement which is seen as a correctional movement to the crypto asset’s recent rally has caught the…
Visa's Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
Payment giant Visa's blockchain data partner AlliumLabs has raised $16.5 million in a Series A funding round led by venture capital firm Theory Ventures. Visa and Allium Labs also released their latest findings on stablecoin activity which showed…
Chainlink’s tokenization sandbox cuts trials to days instead of months
The sandbox could lead to more financial institutions adopting asset tokenization solutions.
BlockFi to Start Interim Crypto Distributions Through Coinbase This Month
Bankrupt crypto lender BlockFi will commence first interim crypto distributions through Coinbase in July 2024, it announced on Thursday.
South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab
Venture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global…
Pyth leads perps trading on Solana, Sui, but $600B trading volume will 10x
Due to organic, "market-generated" growth, the Oracle solution could witness another tenfold increase in trading volume.
Chainalysis unveils Operation Spincaster, combatting $2.7B in crypto scams
Chainalysis launched Operation Spincaster in April, which targets “approval phishing” scams through education, tools, and training.
Bitcoin Runes protocol sees sharp decline in popularity
The Bitcoin Runes protocol initially dominated daily transactions post-launch but is now seeing a decline, with BTC reclaiming its network dominance.
Shiba Inu price drops 10% — SHIB sell-off risk soars amid WazirX $235M hack
SHIB is the biggest crypto by the US dollar value drained from WazirX’s wallet in the hacking incident that includes Pepe, Ether, and other cryptocurrencies.
Dogecoin Big Rally Ahead: Analyst Sees ‘Most Beautiful’ Chart Pattern
Once again taking the stage in the crypto scene is the popular meme coin Dogecoin (DOGE). Renowned crypto analyst JD has lately revealed his very positive view of DOGE, which has excited traders and investors. Driven by what he labels as one of the…
OKX selects Malta as MiCA hub for EU crypto compliance
OKX selects Malta for its MiCA hub, leveraging its existing VFA Class 4 license and regulatory infrastructure for expanded EU crypto services.
WazirX Hack Sends SHIB, WRX Tumbling as Bitcoin, Tether Trade at Massive Discount
Most coins, including market leader bitcoin and USDT, are trading at a significant discount on WazirX.
Bitcoin price hits bull market trendline that last sparked 30% gains
Bitcoin practically reclaims the short-term holder realized price, bringing with it both their breakeven point and the odds of significant BTC price upside.
Bitcoin Price Set To Skyrocket To $750,000, Says Expert
In a forecast shared via a YouTube video, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, articulates a strong case for Bitcoin reaching a valuation of $750,000. According to Burnett, the market may be substantially…
Charles Hoskinson rejects Vitalik Buterin's view on pro-crypto voting
This clash of views comes as the 2024 U.S. presidential election approaches, with significant implications for the future of cryptocurrency regulation in the country.
Biden Dropout Chances Rise to 68% After Covid Diagnosis
President Joe Biden said during an interview that if a medical condition emerged, he'd consider dropping out of the race.
Indian crypto exchange falls victim to $235M hack
WazirX’s Safe Multisig wallet on Ethereum was compromised, with funds moved and converted to Ether.
Polygon Labs’s MATIC-POL migration confirmed for Sept. 4
The upgrade is part of Polygon's 2.0 roadmap to enhance its zero-knowledge-based layer 2 chains ecosystem, aiming to expand the utility and functionality of its native token.
Behind Bitcoin’s Surge Above $64,000: Here Are The Key Drivers of the Current Rally
Bitcoin price has rallied above the $64,000 mark. Glassnode, a market intelligence platform, has analyzed this notable increase, which attributes the current price movement to a significant easing of sell-side pressure, particularly from the German…
Undeads Game Beta Playtest Starts August 10
PRESS RELEASE. The Undeads team is thrilled to announce the first public beta for their flagship game, Undeads, a gripping battle royale experience available on Steam. Players will compete to be the last one standing, choosing to survive as either…
Polygon Sets September Date for Migration to POL Token from MATIC
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
WazirX Hacked for $230M, Largely in SHIB, as Elliptic Says North Korea Behind Attack
One of the exchange's multisig wallets experienced a security breach, the exchange confirmed in an X post.
NFTs poised for comeback despite sales drop say execs
Despite a 45% drop in NFT sales during Q2 2024, Web3 professionals remain optimistic about the future of non-fungible tokens.
BlockFi confirms July start for interim crypto distributions
BlockFi clients are to note that client communications will exclusively occur via official email channels.
Mt. Gox Creditors Reportedly Hit By Failed Login Attempts Amid Repayments
Users claim to have received as many as 22 login attempts from the Mt. Gox portal, ones that they did not initiate.
FET Surges 12% Ahead Of ASI Token Merger Phase 2, Can It Hit $5?
The now-rebranded Fetch.AI (FET) regained the $1.4 price range amid the market recovery and is currently testing the $1.5 resistance level. Over the weekend, the AI token saw a nearly 40% recovery and seems to be preparing for a breakout. Market…
German Government Officially Acknowledges Involvement in 50,000 Bitcoin Sell-off
The German government has officially acknowledged its involvement in selling 49,858 bitcoin linked to the movie2k case. In a press release, German authorities reported that the sales were completed due to what is stipulated in Section 111p of the…