Last week, the cryptocurrency market experienced a decrease in inflows amounting to $646 million. It seems that the excitement surrounding Bitcoin ETFs might be waning. In a recent blog post by CoinShares, it was disclosed that last week’s crypto investments amounted to $646 million. This addition brings the total for the year up to $13.8 … Read more
The anticipated price and worth of Bitcoin in the future is a subject of intense discussion, with differing viewpoints among various groups. However, a widely held belief persists: Bitcoin‘s value will significantly increase from its current level. This optimistic outlook is shared by Anthony Scaramucci, CEO of Skybridge Capital, who forecasts that Bitcoin’s market capitalization … Read more
Bitget, a cryptocurrency exchange, unveiled its new initiative called “Bitget COO Apprentice Program.” This program aims to foster the next generation of leaders in the Web3 realm. Based on a press announcement from April 8th, this initiative is included in the company’s larger Blockchain4Youth project. Designed to offer European youth an exclusive chance to explore … Read more
This morning, Arthur Hayes, one of BitMEX’s co-founders, sold off 237,672.8 GMX tokens worth approximately $10 million from his stash, leading to a significant drop in GMX prices upon transfer to the market maker of NFT platform Blur. According to Lookonchain’s report, Hayes was poised to earn approximately $3 million in profit if he sold … Read more
PancakeSwap, an decentralized exchange, has teamed up with Stryke (previously named Dopex) to launch a fresh initiative in the decentralized finance sector: CLAMM Options Trading. With this new venture, traders can now engage in options trading, establish on-chain options markets, collect premiums, and receive swap fees. Through this collaboration, we’ll bring American-option CLAMMs to Arbitrum’s … Read more
At the ten-year milestone, NiceHash, a trailblazer in Bitcoin mining hashpower marketplaces, announces plans for a two-day summit to commemorate its accomplishments. Dubbed as a tribute to continuous innovation, adaptability, and expansion in an industry known for its hurdles, the NiceHash Summit is set to be an unforgettable event. A press release from Coinspeaker announces … Read more
A crypto trader named Avraham Eisenberg, currently in prison, will go on trial this week for allegedly changing the landscape of Decentralized Finance (DeFi) by manipulating Mango Markets, a DeFI platform, to obtain $110 million. However, Eisenberg claims his actions were just taking advantage of a coding flaw rather than breaking the law embedded in … Read more
Early on Monday in the United States, Bitcoin experienced a substantial rise, pushing its price above $72,000. This upward trend, representing a 4.5% hike within just five hours, from around $69,500 to a peak of $72,579, can be linked to several factors that have been influencing the cryptocurrency market. #1 Strong Bitcoin Spot Demand The … Read more
A large transfer of Shiba Inu tokens, amounting to over 692 billion units, has been carried out by an anonymous whale. This transaction was reported by Whale Alert, a monitoring platform for significant transactions on the blockchain, and it is equivalent to around $19.2 million in value. Based on a recent update from Whale Alert’s … Read more
In March, there was a notable decrease in the circulation of PayPal’s stablecoin PYUSD, which is a collaboration between PayPal and Paxos. The most recent transparency report from Paxos reveals that the total amount in circulation dropped by 38% to $188.5 million, down from its peak of $312 million in late February. This sudden decrease … Read more