One of the most prominent figures in the world of cryptocurrency analysis, Peter Brandt, recently brought attention to an interesting pattern in Bitcoin’s price movements. Brandt utilized classical charting principles to identify what he referred to as an inverted or expanding triangle pattern in Bitcoin’s price chart. This pattern, depicted by two descending trend lines
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The liquidators of Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, claiming that the bankrupt digital assets company manipulated the market for Luna and TerraUSD. According to the liquidators, this manipulation resulted in artificially inflated prices for these tokens, ultimately leading to heavy losses for 3AC. In January 2022, 3AC invested $190
Upland, a revolutionary virtual property trading game, recently made waves in the Metaverse by introducing Paris as a new addition to its landscape. This milestone also saw the unveiling of Upland’s utility token, $SPARKLET, which quickly became a vital component in the game’s ecosystem. The Paris launch brought about a frenzy of virtual property acquisition,
The current state of the market has not been kind to new Bitcoin investors, as indicated by various metrics highlighting a bearish environment. One such metric, the Short-Term Holder MVRV (Market Value to Realized Value) ratio, focuses on the fair market value of BTC compared to its realized price for the newest cohort of investors.
Unioverse, the popular sci-fi franchise and gaming platform, has once again captivated the attention of gamers with the release of its newest game, Hoverdrome. This action-packed adventure promises an exhilarating gaming experience that combines the best elements of Mario Kart and Rocket League, making it a must-try for fans of both genres. Hoverdrome’s gameplay is
Ethereum, one of the leading cryptocurrencies in the market, is currently facing a critical juncture in its trading trajectory. Recent trading activities have unveiled the formation of a bearish triangle pattern, indicating a potential significant breakout in the near future. On the 4-hour chart, Ethereum’s price action is signaling a bearish sentiment as it hovers
A recent development in the crypto space involves a class-action lawsuit against Binance.US, the US subsidiary of the Binance exchange, and CoinMarketCap. The plaintiff, Ryan Cox, has brought forth claims of price manipulation of the Hex token against these platforms. The lawsuit alleges that Binance.US and CoinMarketCap unfairly manipulated the ranking and value of the
The US spot Ethereum ETFs saw a substantial total inflow of $4.9 million on Monday, showcasing a positive trend in the market. One notable highlight was the Grayscale Ethereum Trust (ETHE) which saw no withdrawals for the first time since its conversion to an ETF. This comes after experiencing 14 days of outflows, indicating a
House Representative Ro Khanna recently shared his optimism about the Biden administration releasing a crypto regulation roadmap in the near future. This roadmap is expected to provide a clear path towards reasonable regulation that will help companies in the crypto sector to stay compliant while fostering innovation and job creation in the US. Several discussions
In the past week, Ethereum (ETH) experienced a significant downturn, with its price plummeting to $2,112 on August 5th. This crash marked one of the largest market slumps of the year. However, the digital asset has shown signs of recovery, bouncing back by 8% in the last seven days. Ethereum has managed to reclaim the
Gala Games’ recent addition of the Telegram Single Sign On (SSO) feature has revolutionized the way users can access their platforms. By integrating this option, Gala aims to streamline the process of logging in to Gala Games, Gala Music, and Gala Film without the hassle of remembering usernames and passwords. This move caters to the
Sui (SUI) has experienced a remarkable 70% increase in price over the course of the last week, reaching around $1, according to data from CoinGecko. This surge in price can be attributed to the launch of Grayscale’s Sui Trust, as well as the introduction of the Bittensor Trust. The entry of these institutional investment products
The Unlighted Alpha NFT Mint Pass is not just another collectible item; it is a key that unlocks a world of early access privileges and exclusive content within the Unlighted universe. For those lucky enough to acquire one, this pass opens up a range of benefits, including priority access to NFT whitelists, exclusive in-game items,
Bitcoin has been a topic of much speculation in the crypto community, with different analysts giving their own forecasts for its future price movements. One crypto analyst, known as ‘Sensei’, has recently made a highly optimistic prediction for Bitcoin, suggesting that the end of the supposed Bitcoin bear trap could lead to a surge in
