Michael Novogratz, the esteemed founder of Galaxy Digital Holdings, recently declared that Bitcoin might consolidate within a specific price range in the near future. During a conference call following his company’s first-quarter financial disclosure, he provided insights into the cryptocurrency’s trajectory. What can Cause a Bitcoin Breakout From the Consolidation? Novogratz highlighted the integration of […]
Digital assets investments said the first inflow in five weeks with $130 million of net gains over the past week. Interestingly, the lack of action from US regulators regarding spot Ethereum ETF applications has sparked speculation that approval won’t happen soon, and this has resulted in significant outflows for Ethereum in the same timeframe. Investors […]
Understanding Seller Exhaustion Crypto market analytics firm Glassnode Insights has introduced a new framework for assessing seller exhaustion across multiple timeframes. The framework, which uses Glassnode’s new Breakdown Metrics, allows for the discrete isolation of points of severe unrealized loss and investor capitulation. During a bull market regime, long-term investors […]
Ethereum remains under immense selling pressure, shaving over 30% from March 2024 highs. With prices recently dropping below $3,000 and sellers doubling down, there could be no reprieve for optimistic buyers in the sessions to come. Analyst Expects One More “Washout” To $2,700 Taking to X, one analyst notes that the coin is still bearish and […]
To combat illicit financial activities, Tether, the entity behind the world’s largest stablecoin by market capitalization, has frozen approximately 5.2 million USDT. The crypto tracking and compliance platform MistTrack detailed this action, which targeted 12 Ethereum addresses identified as part of phishing operations. Details Of The Freeze The affected addresses used in the phishing were […]
Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US efforts to combat Iran’s utilization of crypto mining as a means to evade international sanctions. Addressed to Secretary of Defense Lloyd Austin, National Security Advisor Jake Sullivan, and Treasury Secretary Janet Yellen, the letter details […]
After five weeks of fleeing the digital asset market, investors are cautiously dipping their toes back in, with Bitcoin (BTC) emerging as the clear favorite. A recent report by CoinShares reveals a net inflow of $130 million into crypto investment products, marking a potential turning point after a period of sustained outflows. US Investors Lead […]
Tim Draper has led a $3.5 million seed funding round in Zest Protocol, a Bitcoin lending startup. This move marks a significant milestone in making decentralized finance (DeFi) accessible to the Bitcoin network, with notable contributions from industry giants like Binance Labs. $3.5 Million Into Bitcoin Lending Venture Building on the Stacks blockchain, Zest Protocol […]
Dencun, Ethereum’s major upgrade in mid-March, while promising to enhance the network’s scalability, is showing a nasty side effect. According to analysts at CryptoQuant, Ethereum may no longer be “ultrasound money” after Dencun. “Ultrasound money” is a term used to describe an asset with stable purchasing power that also experiences price appreciation over time. While […]
BounceBit Mainnet Launches We are thrilled to announce the official launch of the BounceBit Mainnet, marking a significant milestone since our initial rollout in late January 2024. Through the successful Water Margin TVL Event, BounceBit has seen tremendous growth, boasting approximately $1 billion in Total Value Locked (TVL) and nearly […]
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