A closely followed crypto analyst says that one Ethereum (ETH) competitor may retest lower levels within weeks. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,200 followers on the social media platform X that Solana (SOL) could decline at least 14% from its current value. “SOL: $125-$150 remains a good place […]

A widely followed crypto analyst says that smart contract platform Solana (SOL) is likely to outperform Bitcoin (BTC) in the short term. In a new strategy session, pseudonymous crypto trader Credible Crypto tells his 408,400 followers on the social media platform X that Solana is “looking pretty strong” when paired against Bitcoin. According to the […]

Judge Analisa Torres has settled the Ripple Labs vs. the SEC case by fining the digital asset company US$125M. The fine is merely a fraction of the US$2B the SEC demanded initially. XRP soared nearly 30% following the news, but it has retraced since then. It’s so over… Not for Ripple, though. XRP is currently […]

Following the largest crash since 1987, the Nikkei has partially recovered, though early Thursday trading showed a decline. XRP outperforms in a generally downbeat crypto market after a favourable SEC court ruling, while Bitcoin’s volatility spikes to a high since May. The Bank of Japan’s decision to maintain current interest rates provided limited market reassurance, […]

Jump Trading has successfully unstaked 11,500 $ETH, valued at $29 million, from Lido Finance. Additionally, in the past hour, they redeemed 16,210 $WSTETH into 19,049 $STETH. The 11,500 $ETH has been transferred to the wallet “0xf58,” which Jump Trading frequently uses to deposit $ETH to centralized exchanges (CEX). Jump Trading successfully unstaked 11.5K $ETH ($29M) […]

BlackRock Bitcoin ETF investors unfazed amid massive epic sell-offs

In a recent Bloomberg interview, Michael Saylor, executive chairman and co-founder of MicroStrategy, revealed that beyond his company’s holdings, he personally owns at least 17,732 Bitcoin, currently valued at approximately $1 billion. Saylor emphasized his commitment to Bitcoin, stating, “I haven’t sold any bitcoin, I continue to acquire more bitcoin. It’s a great capital investment asset for […]

The $81 million Robinhood made in crypto revenue was more than double made from equities in Q2.

Nexera, a DeFi protocol, has been affected by a smart contract security breach that resulted in the theft of $1.5 million worth of NXRA tokens. Following the incident, the value of the protocol’s native token plummeted by over 40%. $1.5 Million Stolen and NXRA Token Plummets 43% The exploit was first reported on August 7 […]

HTX Ventures, the investment arm of the global crypto exchange HTX, has outlined its key investment directions for the first half of 2024. According to the company, the first half of 2024 has been a period of significant innovation and growth in the cryptocurrency market. The company made 23 investments in the first half of […]

Crypto giant Grayscale is launching new trusts for machine learning marketplace Bittensor (TAO) and smart contract platform Sui Network (SUI). In a new press release, the world’s largest crypto asset manager says it’s launching the new products due to growing consumer demand for diversification. “Grayscale Bittensor Trust is solely invested in TAO, the token underpinning […]

Former President Donald Trump has reiterated that he doesn’t think the US government should be selling its seized crypto. The Republican nominee shared his thoughts on crypto during a livestream interview with the influencer Adin Ross on Monday. “It’s a very modern currency. It’s a very modern form. I know a lot of very good […]

Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock […]

Bitstamp will provide white-labelled cryptocurrency services for the Stripe digital payments platform in the EU.

Stellar (XLM) started a strong increase above the $0.0950 resistance against the US Dollar. XLM price is gaining pace and might aim for $0.120. There was a steady increase in Stellar’s token price above $0.0950 against the US dollar. It is now trading above $0.100 and the 100 hourly simple moving average. There is a […]

TL;DR Nexera Protocol Hacked: A hacker exploited a vulnerability in Nexera’s system on August 7, stealing $1.8 million worth of NXRA tokens by manipulating a proxy contract. Market Impact: The value of NXRA tokens plummeted by 48% following the attack, with stolen tokens being converted to Ether and bridged to Binance Smart Chain. Ongoing Investigation: […]

The International Monetary Fund (IMF) yesterday released a statement on its mission to El Salvador in which it noted the risks associated with the nation’s investment in Bitcoin it warned of in 2021 have not yet materialised. The IMF also said it was close to reaching agreement on an assistance program with the Central American […]

That said, the ominous chart pattern could be a lagging indicator

Following a year of incubation, “Community Superapp” Fedi officially launched yesterday and has announced plans to open source its freedom technology stack. Introduced back in 2022, Fedi is a financial platform looking to empower individuals with financial access and resources by leveraging the power of local communities. Engineered with a privacy-first mindset, the release of […]

XRP’s price has surged 26% as the Ripple vs. SEC case appears to be nearing its final stages, with no signs suggesting that XRP will be classified as a security.

A widely followed crypto analyst believes that one digital asset sector is going to have a massive revival this market cycle. Pseudonymous crypto trader Kaleo tells his 643,400 followers on the social media platform X that a bullish resurgence is likely for non-fungible tokens (NFTs). “I’m one of the crazy people that still believe NFTs […]

August has proven to be an exceptionally eventful month for both equity and digital asset markets, marked by a significant market sell-off triggered by a “correlation-1” event. Bitcoin has been no exception, experiencing its largest drawdown of the current cycle, leading to capitulation among short-term holders. August has already been a exceptionally eventful month across […]

On Wednesday (yesterday), District Judge Analisa Torres of the Southern District of New York ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future violations of securities laws. This decision follows a finding that Ripple’s 1,278 institutional sale transactions breached securities regulations. Judge Reduces SEC Penalty The fine of $125.035 […]

Ripple has been fined $125 million in the lawsuit against the United States Securities and Exchange Commission. This is just a fraction of what the SEC had previously asked for in the case. The fine that Judge Analisa Torres settled on is far less than the $1 billion in disgorgement and prejudgment interest and $900 million […]

Jim Rickards, a U.S. economist and best-selling author of the book “Currency Wars,” has detailed the opportunity that gold presents during pronounced stock market drops. Rickards, who has predicted a tremendous rise in gold prices in the next two years, stated that strong hands expect gold to reach a bottom and jump in “with both […]

“We respect the Court's decision and have clarity to continue growing our company.” Garlinghouse said in July that the cryptocurrency industry was …

Solana has observed a sharp rally of 39% from the crash low. Here’s what the data says regarding whether this run can continue further or not. Solana Has Breached The $153 Mark After Recovery Continuation In Past Day A few days back, Solana crashed alongside the rest of the cryptocurrency market, dropping its price to […]

Some of the CMIC members in support of the letter include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko and Matrixport.

A widely followed analyst believes Bitcoin (BTC) will spark a furious rally to regain all of its losses over the past week. Pseudonymous analyst The Crypto Dog tells his 806,500 followers on the social media platform X that he sees a swift Bitcoin recovery following its collapse from $70,000 to a six-month low of $49,000. […]

TL;DR Dramatic drop: In August, Bitcoin suffered its biggest setback due to a “correlation 1” event. Short-term capitulation: Bitcoin fell 32% from its all-time high, causing capitulation among short-term holders. Liquidity Cleanup: The liquidation in futures and the reduction in open interest reflect a significant cleanup in the market. In August, financial markets witnessed unprecedented […]

This growth suggests broader participation in Dogecoin network

Bitcoin addresses with a balance of over 0.1 BTC are nearing an all-time high, according to data from Bitcoin Magazine Pro. Currently, there are 4,580,424 such addresses, just shy of the record 4,586,540, and represents a month over month increase of 27,939 addresses. The recent drop in Bitcoin’s price from around $67,500 to $49,000 provided […]