Recent on-chain data indicates that the supply of Bitcoins held by long-term investors, who had previously been selling aggressively during a prolonged period, has decreased. Bitcoin Long-Term Holders Have Sold Huge In Past 4 Months According to an analysis by James Van Straten on X, Bitcoin investors who have held onto their coins for over … Read more
Despite Bitcoin‘s current prices being approximately 15% lower than their record highs, causing concern among some critics who anticipate further declines, a particular analyst is optimistic about Bitcoin’s future. They believe that Bitcoin will experience a significant rebound and potentially surpass its previous all-time highs. According to X the trader, the price of Bitcoin has … Read more
Industry frontrunner Arkham Intelligence unveiled a ranking of the wealthiest individuals in cryptocurrencies based on their digital wallet holdings. This intriguing roster, worth billions collectively, has sparked buzz within crypto circles. However, an intriguing angle lies in the substantial fortune now considered untouchable. 3 Of The Top 5 Crypto Rich List Lost Forever Arkham provided … Read more
Expert Cold Blooded Shiller, known for his insights into cryptocurrencies, has issued a warning: Bitcoin‘s value might experience a substantial decrease, potentially dropping by up to 30%, due to the current market instability and increased volatility. Bitcoin Could Be Poised For 30% Pullback Shiller, a renowned financial analyst with a cool demeanor, stresses that Bitcoin’s … Read more
The demand for stablecoins, such as Tether’s USDT and Circle’s USDC, has significantly increased in the financial world. Yet, despite their growing importance, there are currently no clear-cut regulations in place to govern this industry. Consequently, Tether and Circle have taken different approaches to tackle the hurdles they encounter. Circle’s Quest for Global Regulatory Harmony … Read more
In South Korea, the cryptocurrency market has reached record highs for the first time in two years. This is due to the fact that the local fiat currency is now preferred by digital asset traders over others. Based on a study carried out by blockchain company Kaiko during Q1 2024, the South Korean won emerged … Read more
Anthony Scaramucci, the founder of SkyBridge Capital and a well-known Bitcoin advocate, thinks it will take another two years for Bitcoin to fully establish itself as a valued asset for storing wealth. In his opinion, Bitcoin is currently in its infancy and needs wider usage before it can gain global recognition as a trusted store … Read more
Solana’s decentralized exchange (DEX) Drift adopts a dual strategy of introducing a governance token (DRIFT) and distributing a substantial portion of 100 million tokens through an airdrop to its user base within weeks. This move shows Drift’s dedication to decentralization and acknowledging its engaged community. The three-month DRIFT token distribution scheme has been successful in … Read more
According to on-chain information, the next significant demand area for Bitcoin is approximately $56,000. If the downtrend persists, Bitcoin may return to this price point. Bitcoin Has Next Major On-Chain Support Around $56,000 Based on information from market intelligence source IntoTheBlock, Bitcoin’s latest decline in value might necessitate the price range near $56,000 for providing … Read more
Projects that allow users to stake their liquid Ethereum assets have gained popularity in the Ethereum community, and Puffer Finance is capitalizing on this trend. Recently, Puffer Finance, which is based on the Ethereum restaking protocol EigenLayer, raised $18 million in a Series A funding round to launch its own independent network. According to the … Read more