Recent data has shown a significant increase in the number of notable withdrawals of Ethereum from centralized exchanges. This trend suggests that crypto whales are expecting a recovery in price, leading to a decrease in the ETH balances on exchanges to their lowest level in years. The uptick in withdrawals has been observed across both
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Ethereum is currently facing downward pressure in the market, with a significant drop of approximately 15% from its peak in March 2024. This decline has erased all the gains that were made since May 20. Despite this bearish trend, on-chain data is pointing towards a more optimistic outlook for Ethereum. Analysts have noted a notable
Crypto analyst TechDev has recently provided intriguing insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle, indicating that more price surges are on the horizon for the popular cryptocurrency. In a recent X post, TechDev highlighted that blowoff tops in Bitcoin
The cryptocurrency market has been experiencing a period of sideways movement after facing significant declines earlier in the week. Bitcoin, the leading cryptocurrency, has been struggling to surpass the $67K mark decisively. Despite attempting to break above $68K recently, sellers have been limiting its upward movement. As a result, BTC is currently trading around $67K,
Bitcoin options expiring today have a notional value of $1.35 billion, a relatively smaller event compared to previous weeks. The put/call ratio for today’s contracts stands at 0.49, indicating more long contracts expiring than short ones. The max pain point is $68,500, slightly above the current spot prices. Bulls are dominating BTC derivatives, with significant
Amidst the backdrop of the Web3Fest in Switzerland’s “Crypto Valley,” STORM Partners, a blockchain services provider, made waves with a groundbreaking announcement. Alongside prominent projects like Cardano (ADA), MultiversX, and others, the company introduced “Lightningbox,” a revolutionary Web3 Sandbox that aims to revolutionize the adoption of blockchain technology in Europe. The primary goal of the
The blockchain analytics platform Bubblemaps has raised concerns about possible insider trading in meme coin projects endorsed by influencers such as Andrew Tate and Iggy Azalea. The accusations, outlined in a detailed report on June 12, suggest that insiders may have obtained a significant portion of the token supply at the inception of the DADDY
In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, addressed the swirling rumors regarding a potential partnership with Elon Musk. Hoskinson recounted various attempts made by his team to reach out to Musk’s companies, including offers of free work to address bot-related issues on the platform formerly known as
The IOTA Foundation’s Web3 Identification Solution has been selected to participate in the European Blockchain Sandbox program, marking a significant milestone in the advancement of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. This decision is a crucial step in driving conversations around regulatory considerations regarding KYC and privacy, especially as decentralized finance (DeFi)
Coinbase recently expressed its objection to the Securities and Exchange Commission’s (SEC) $2.6 billion budget request for the 2025 fiscal year. In a statement to CryptoSlate, a representative from Coinbase criticized the SEC’s focus on enforcement rather than creating meaningful regulations for the crypto industry. The exchange highlighted the lack of clarity in regulatory guidelines
The European Banking Authority (EBA) recently released detailed guidelines pertaining to recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) as part of the broader Markets in Crypto-Assets (MiCA) regulation. ARTs are digital tokens that are backed by assets such as commodities, real estate, or a diversified basket of assets. On the
Recently, major retail companies in South Korea, including Lotte and Hyundai, have made the decision to withdraw from the non-fungible token (NFT) market. This move signifies a significant shift in their digital strategies as they navigate a slowdown in the NFT industry and refocus their resources on their core business operations. Lotte Home Shopping, the
In a hearing before the Senate Committee on Appropriations, CFTC chair Rostin Behnam addressed the agency’s readiness to take on additional responsibilities in the crypto market. Despite concerns that the agency would be overwhelmed, Behnam firmly stated that the CFTC is equipped to handle the regulation of crypto commodities. He emphasized the existing gap in
The Bitcoin market is currently experiencing a shift in dynamics, with a new wave of short-term traders entering the scene alongside veteran holders who remain steadfast in their beliefs. The influx of short-term investors is driven by the emergence of Spot Bitcoin ETFs, allowing easy access to Bitcoin as a financial instrument. These new investors