The recent drop in the cryptocurrency market saw the total capitalization plummeting to $2.07 trillion, marking an 8.6% decrease in just 24 hours. Among the digital assets affected by this downward trend, the primary cryptocurrency, Bitcoin, took a significant hit as its price fell below $54,000 for the first time since February. This downfall had
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Bitwise, an asset management firm, recently made changes to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes after SEC Chair Gary Gensler’s announcement that approvals for spot Ether ETFs could potentially be finalized by
The Seychelles-based derivatives exchange, BitMEX, has recently introduced a groundbreaking product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This new offering is set to revolutionize the way traders can gain exposure to meme coins in the crypto market. The MEMEMEXTUSDT Basket Index Perpetual Swap Contract is being hailed as the “S&P500 for crypto meme
The Bitcoin network is currently experiencing signs of miner capitulation, with miners either ceasing operations or selling off a portion of their Bitcoin reserves. This phenomenon typically indicates a bottoming out of Bitcoin prices and is often followed by a resurgence in the asset’s value. Since the recent halving, the network hash rate has fallen
Recently, Ripple has been making headlines not only for its ongoing legal battle with the SEC but also for its attempt to leverage a recent court ruling on Binance’s BNB token to argue against harsh penalties from the securities regulator for its XRP sales. The company filed a Notice of Supplemental Authority, citing the lack
The meme coin DADDY recently experienced a significant surge of 35% in its price within a 24-hour period. This surge brought its value to approximately $0.15, with a market capitalization close to $100 million. The catalyst for this price increase was an announcement made by Andrew Tate, a former kickboxer and popular online influencer, urging
There is a sense of optimism among asset managers regarding the approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC). The SEC has set a deadline for ETF applicants to submit updated paperwork and amended S-1s by July 8. There are expectations of potential additional rounds of
Bitcoin’s price has recently experienced a 15% dip since reaching an all-time high in mid-March. Despite this decline, several important indicators suggest that a renewed bull run could be on the horizon. One key metric to consider is the Fear and Greed Index, which measures investor sentiment based on various factors. A ratio above 50
The year 2024 has seen a significant rise in the value of Bitcoin and Ethereum, making them the most profitable assets in the first half of the year. These cryptocurrencies have outperformed traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. One of the key factors contributing to
Charles Hoskinson, co-founder of Cardano, recently expressed his concerns regarding the decreasing utility of artificial intelligence (AI) models. He attributed this decline to the alignment training that often accompanies AI censorship practices. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable, harmful, or sensitive. This practice is predominantly employed
Keith Gill, also known as “Roaring Kitty,” gained notoriety for his involvement in the GameStop stock frenzy in early 2021. However, recent accusations have emerged against him, claiming that he engaged in securities fraud by manipulating GameStop’s stock prices through social media posts. The class-action lawsuit filed against Gill alleges that he orchestrated a “pump
The month of June was characterized by extreme volatility in the price of Bitcoin. The price of the leading cryptocurrency soared to as high as $72,000 before plummeting to a low of slightly over $58,000. This rollercoaster ride culminated in a 7.12% decrease in Bitcoin’s price, with the bears emerging victorious. Analyst Predictions for July
As per the insights provided by analysts at CryptoQuant, it appears that there are certain on-chain metrics that could potentially indicate a turnaround in the bitcoin (BTC) market. One of the key indicators to watch is the Bitcoin Bull-Bear Market Cycle indicator, which currently shows that the crypto market is experiencing its least bullish state
The European Central Bank (ECB) is currently in the final stages of preparing for the launch of the digital Euro Central Bank Digital Currency (CBDC) by October 2025. While the ECB has emphasized privacy and data protection as top priorities, there are troubling aspects of the digital Euro that raise serious concerns about financial control