Bitcoin MVRV Lowest Since FTX Crash, Signal To Buy?
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) ratio has observed a plunge alongside the latest price crash. Bitcoin 30-Day MVRV Ratio Is Now At Lowest Levels Since FTX Collapse As explained by analyst Ali Martinez in a new…
Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds…
Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show
The ongoing plunge in the overall crypto market fairly began back in July where the global crypto market cap initially fell to $2.5 trillion from $2.7 trillion earlier in May. However, despite this downturn recorded in July, Cardano (ADA), the 9th…
Coinshares Sees $528 Million Outflow From Crypto Products Due to Recession Fears
Coinshares, a digital asset investment firm, has reported a significant $528 million outflow from its crypto products last week, driven by growing recession fears. This substantial withdrawal reflects the heightened market uncertainty and investor…
Investors Pull Back: $528 Million Vanishes From Crypto Funds Amid Economic Fear
The global economic market has now so far shown increasing signs of instability which appears to have impacted the overall crypto investment sector negatively. Recent data from CoinShares has revealed a reversal in the flow of funds, with crypto…
Binance Has Challenged India's $86M Tax Showcause Notice: Source
Binance, the world's largest cryptocurrency exchange, has "challenged" a nearly $86 million tax notice from India's Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk.
East African Scientists Use AI for Accurate Extreme Weather Forecasts
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity of extreme…
Analyst Warns Bitcoin (BTC) Price Could Drop Another 20%
Bitcoin (BTC) saw a 20% price drop over the weekend, briefly losing the $50,000 support level. The rest of the market followed the flagship cryptocurrency, crashing around 23% in the last three days. Since then, the crypto market has momentarily…
Developer says he hacked Atari’s ‘on-chain game’ to prove a point
Kautuk Kundan says he sabotaged the leaderboard of Atari’s Base-developed “on-chain” Asteroids game to prove that crypto games should be verifiable on a blockchain.
Coinwire Report: Latam to More Than Double Its Crypto Trading Levels This Year
A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to…
Buying The Ethereum Dip? New Address Tied To Crypto Mogul Justin Sun Purchases 16,000 ETH
The cryptocurrency market has been rocked by a seismic sell-off over the past 24 hours, with the two largest digital assets, Bitcoin (BTC) and Ethereum (ETH), plummeting over 20% in value. At the epicenter of the chaos is one of the…
BNB Price Recovery Faces Setbacks: What Risks Lie Ahead?
BNB price is recovering higher from the $400 support zone. The price is now facing hurdles at $490 and might remain at risk of another decline. BNB price started a recovery wave from the $400 support zone. The price is now trading below $500 and…
XRP Price Recovery Encounters Hurdles: Will It Prevail?
XRP price started a recovery wave from the $0.4320 support. The price is up over 8% and now faces hurdles near the $0.5120 zone. XRP price traded below the $0.500 and $0.4550 support levels. The price is now trading below $0.5250 and the 100-hourly…
Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed
Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September…
VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000
Jan van Eck, the Chief Executive Officer (CEO) of VanEck, an American investment management firm, has maintained an extremely bullish stance on Bitcoin (BTC), the world’s largest cryptocurrency. According to the popular CEO, Bitcoin is set to…
Ethereum Price Rebounds to $2,500: Is There More Room to Climb?
Ethereum price started a recovery wave from the $1,910 zone. ETH is up over 10% and is now consolidating near the $2,500 zone. Ethereum started a recovery wave above the $2,250 and $2,400 levels. The price is trading below $2,650 and the 100-hourly…
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