The recent choppy consolidation in bitcoin’s price action has left many market players feeling anxious. Despite this uncertainty, some holders of the world’s largest cryptocurrency asset are actually increasing their holdings. Bitcoin whales, particularly those holding between 100 and 1,000 BTC, have shown a significant uptick in accumulation. Over the past six weeks, these whales
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decrease in daily trading volume, reaching $779.87 million on Monday. This marks a notable drop from the previous week’s trading volume, which ranged between $1.18 billion and $1.79 billion. The current volume is the third lowest recorded, following the figures from February 5th
Bright Star Studios, the developers behind the highly anticipated MMORPG Ember Sword, made headlines with their decision to switch from Immutable X to the Mantle Network. This bold move is aimed at taking the gaming experience to new heights by leveraging Mantle’s cutting-edge technology. But what does this transition mean for the game, its players,
German authorities recently conducted a coordinated nationwide operation to confiscate $28 million in cash and 13 crypto ATMs in an effort to combat unlicensed activities within the country’s rapidly expanding crypto market. Spearheaded by the Federal Financial Supervisory Authority (BaFin), the operation targeted 35 locations where crypto ATMs were reportedly being operated without the necessary
In a recent statement, Binance, the leading cryptocurrency exchange, announced that it had successfully prevented over $2.4 billion in potential user losses from scams and fraud within the first seven months of 2024. The exchange reported that a significant portion of the averted losses, amounting to over $1.1 billion, were withdrawals linked to suspected crypto
The meme coin sector has recently experienced a surge, pushing its market cap above an impressive $40 billion. This rally was led by cat-themed meme coins, with assets like Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW) charting significant gains. POPCAT, for example, saw a nearly 30% increase in value, reaching
Shaquille O’Neal, the legendary basketball player, finds himself entangled in a class-action lawsuit regarding his involvement with the Astrals NFT project. The lawsuit alleges that Astrals promoted unregistered securities, leading to financial losses for investors. According to court rulings, O’Neal is considered a ‘seller’ of Astral NFTs, as he actively promoted and encouraged their purchase.
The cryptocurrency market has been presenting numerous challenges, and Ethereum (ETH), as the second-largest cryptocurrency, has not been exempt from these struggles. Despite its strong position in the market, Ethereum has been facing significant headwinds in recent weeks. The price of ETH has been showing no signs of a sustained recovery, indicating bearish sentiment among
The Democratic National Committee recently unveiled its 2024 Party Platform, outlining the party’s key priorities leading up to the next election. Surprisingly, the platform did not mention Bitcoin, crypto, or blockchain, focusing instead on issues such as housing affordability and climate change. Additionally, it emphasized the need for the wealthy and corporations to pay their