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Sleeping Giant Awakens! Ethereum Whale With Over 12,000 ETH Creates Noise
Solana Developers Rush to Address Network Congestion; Operativity Remains Impaired
[Apr 7, 2024 10:25 AM] Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant progress in tackling these problems and hopes to…
$115-Million Bitcoin Whale Wakes Up From 10-Year Slumber – What’s Next?
[Apr 7, 2024 8:30 AM] Bitcoin is still pushing a price recovery on its quest to return to the $70,000 price level. This has seen the cryptocurrency now trading above $69,000, up by 1.6% in the past 24 hours. This price fluctuation has occurred in the middle of increased…
South Korea’s Crypto Market Continues to Defy Global Trends With Premium Prices
[Apr 7, 2024 8:14 AM] Metrics reveal that cryptocurrency premiums in South Korea consistently outpace the global average. As of now, bitcoin exchanges hands at $69,245 per piece globally, while on the South Korean platform Upbit, it’s being traded at $73,513…
Market of ‘Extreme Greed’ Persists Amid Unprecedented June Bitcoin Perpetual Futures Sell-Off
[Apr 7, 2024 7:03 AM] In the past 24 hours, the cryptocurrency market experienced a modest increase of 2.16% against the U.S. dollar, with bitcoin’s value lingering slightly above the $69,000 threshold. The Crypto Fear and Greed Index (CFGI) indicates that the…
South Korea to Unveil Guidelines Barring the Listing of Hacked Coins
[Apr 7, 2024 3:19 AM] South Korean authorities are reportedly planning to release updated guidelines for virtual asset trading. These guidelines will prohibit the listing or relisting of coins that have previously been hacked. Additionally, the guidelines will require…
Genesis Acquires Over 32,000 BTC After Offloading GBTC Shares
[Apr 7, 2024 1:47 AM] Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale…
Australian Asset Management Firm Transfers Bitcoin ETF Application to Cboe Australia
[Apr 6, 2024 11:37 PM] Monochrome Asset Management, an Australian investment management firm, has transferred its bitcoin exchange-traded fund (ETF) application to Cboe Australia. This move aligns with Monochrome Asset Management’s objective of broadening its footprint…
Grayscale Removes Cardano From Its Crypto Large Cap Fund
[Apr 6, 2024 9:55 PM] Grayscale Investments has removed cardano from its Digital Large Cap Fund. The crypto fund now holds bitcoin, ethereum, solana, XRP, and avalanche. The crypto asset manager also adjusted the holdings of its Smart Contract Platform Ex-Ethereum Fund…
Robert Kiyosaki Responds to Bitcoin Crashing to $200 Prediction by Economist Harry Dent
JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process
[Apr 6, 2024 5:24 PM] Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential…
Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
[Apr 6, 2024 1:35 PM] Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its…
Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom
[Apr 6, 2024 1:00 PM] In the first quarter of 2024, Solana became the clear leader thanks to a notable increase in the amount of Decentralized Exchange (DEX) and Decentralized Finance (DeFi). In addition to its remarkable rise in DEX and DeFi sectors, Solana’s…
Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant
[Apr 6, 2024 11:28 AM] Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter…
Breakout Of The Year? Crypto Analyst Predicts Where NEAR Is Headed Next
[Apr 6, 2024 11:00 AM] The price of Near Protocol’s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and suggesting that the coin could see a surge to more than $10 soon. Near Protocol Price Poised For…
US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip
[Apr 6, 2024 9:07 AM] Spot bitcoin exchange-traded funds (ETFs) concluded the week on an upbeat note, securing $203 million in positive inflows on Friday, as per the latest data. Despite an initial setback of $84.7 million in net outflows on April 1, the ETFs have since…
NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline
[Apr 6, 2024 7:28 AM] Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking…
Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow
[Apr 6, 2024 6:30 AM] The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further…
Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage
[Apr 6, 2024 6:21 AM] Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks…
Bitcoin.org Owner Cobra Predicts Next Bitcoin ‘Great Divide’
[Apr 6, 2024 1:37 AM] Cobra, the pseudonymous owner and operator of Bitcoin.org, has predicted the next divide that will plague the Bitcoin ecosystem in the coming times. Cobra explained in social media that this conflict will face ossificationists (people that want…
Makerdao Co-Founder Rune Christensen: Defi Frontends Might Need Licenses to Operate in Europe
[Apr 5, 2024 11:35 PM] Rune Christensen, a co-founder of the Makerdao project, has warned about the possible disruptions linked to hypothetical EU-wide requirements for defi fronteds to receive a license for operating. Christensen said this would decelerate the EU to the…
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC
[Apr 5, 2024 7:31 PM] Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs…
FOMO Gives Way To Fear: Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment
[Apr 5, 2024 6:00 PM] The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its…
IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals
Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19
[Apr 5, 2024 4:29 PM] A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held…
FTX Estate Offloads $1.9 Billion Worth Of Locked Solana (SOL) Tokens In Sale
FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny
[Apr 5, 2024 3:23 PM] In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule…