Over the past weekend, Bitcoin (BTC) experienced a significant rally in its price, suggesting a possible bottoming out of the crypto asset. Bitcoin surged to a high of $67,000, although it was trading around $64,000 at the time of this analysis. This increase comes after holders incurred their largest losses in 2024. Analysts at CryptoQuant
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The trading volume on centralized exchanges has seen a significant decline of 21.8% in June, continuing a trend that started in March. The report by CCData highlights various factors contributing to this decline. One major factor is the decrease in open interest in derivatives exchanges, which fell by 9.67% to $47.11 billion in June. This
Cardano, one of the top 10 largest cryptocurrencies by market cap, has been facing a profitability crisis despite the recent recovery in the crypto market. A significant number of Cardano holders are still experiencing losses, raising concerns and sparking discussions about the reasons behind this concerning trend. According to data from IntoTheBlock, Cardano is currently
The recent hack of the India-based cryptocurrency exchange WazirX has raised concerns and questions about the security of digital assets stored on such platforms. While multiparty computation (MPC) wallet provider Liminal has stated that its infrastructure remains safe and was not compromised in the breach, there are still critical issues that need to be addressed.
The recent data on Ethereum derivatives volume suggests that investors in the cryptocurrency market have little confidence in the upcoming Spot Ethereum ETFs. Despite the imminent launch of these funds, which are set to begin trading next week, the market sentiment seems to be cautious. Data from Laevitas shows that Ethereum’s fixed-month contracts annualized premium
Recently, a US court gave the green light to Binance US to invest a portion of its customer fiat funds in US Treasury Bills. This decision came after the exchange sought court approval to invest around $40 million in $10 million increments over a four-week period. The court, headed by Judge Amy Berman Jackson, imposed
As per a recent market analysis, a well-known market strategist has made a bold statement declaring the end of Bitcoin’s downtrend. The strategist, known as ‘Rekt Capital,’ has a significant following on social media and has been closely monitoring Bitcoin’s market trends. According to Rekt Capital, Bitcoin may now be gearing up for a significant
Ethereum showcased a strong recovery this week, closing with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting the stage for a potential push towards $4,000. However, resistance at this level remains a challenge, as evidenced by previous rejections in May. While optimism is returning to
Planetarium Labs is set to launch the highly anticipated sequel to the Immortal Rising franchise, Immortal Rising 2. This new game will be built on the Immutable platform, offering players early access and exclusive in-game rewards that are already generating excitement within the gaming community. Immortal Rising 2 builds upon the success of its predecessor,
Shiba Inu, a meme coin that has gained significant popularity in recent times, experienced a sudden surge in its burn rate. In a span of just 24 hours, the burn rate increased by a staggering 450%, resulting in approximately 50 million tokens being sent to a null address. While the USD equivalent of this may
