Metaplanet, an investment firm based in Japan, has recently made a significant purchase of 42.4 Bitcoin for ¥400 million ($2.4 million) to bolster its holdings. This move comes at a time when Bitcoin is trading at $57,652, down 8% from the previous week and struggling to surpass the $60,000 mark. Investment Strategy In a press
Crypto
As the United States gears up for the upcoming elections in November, the American crypto industry stands at a crossroads. The views of candidates on digital assets could potentially shape the future of the crypto landscape in the country. According to Coinbase, a prominent crypto exchange, crypto voters are set to play a crucial role
The 2024 presidential election has seen a significant shift in voter perspectives, especially among Republicans, due to the growing relevance of Bitcoin and other cryptocurrencies. According to a recent poll funded by Paradigm, 13% of Republicans who were initially hesitant to support Donald Trump have changed their views after he expressed his support for the
Bitcoin (BTC) is currently facing a crucial moment, with its price hanging in the balance between bottoming out and further decline. One key metric to consider is the growth of stablecoin liquidity in the crypto market. While Tether (USDT) minting typically precedes a price rally for Bitcoin, the slow growth of USDT’s market cap indicates
In the wake of the recent assassination attempt on former US President Donald Trump, cryptocurrency tokens related to him have experienced a significant surge in value. Despite the dramatic events that unfolded, Trump ultimately survived the attack, leading to a sharp increase in the prices of tokens associated with him. Reports indicate that Trump has
Bitcoin’s price has been experiencing enhanced volatility in the past week, with its value fluctuating between $54,000 and almost $60,000. Currently, the cryptocurrency is trading at around $58,000 according to Coingecko’s data. Analysts are speculating that a potential surge in price could be on the horizon, with predictions reaching as high as $90,000-$100,000 in the
The stability of stablecoins in the cryptocurrency market has been a subject of much debate and scrutiny in recent years. Despite the dominance of Tether’s USDT, the landscape is starting to shift. Data from Kaiko indicates a decline in USDT’s market share on centralized exchanges, dropping from 82% to 74% in 2024. This shift can
The recent announcement from Arkham Intelligence indicating that Germany’s on-chain Bitcoin wallet balance has reached zero is extremely significant. This news suggests that the sell pressure from Germany, a major player in the European economy, is likely coming to an end. The latest outflows from the wallet mark the conclusion of a bearish trend that
During a hearing on July 11, Judge Katherine Polk Failla showed skepticism towards Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. The Judge expressed her doubts regarding Coinbase’s efforts to acquire Gensler’s communications, including statements made before he took on the role of SEC Chair in
Ethereum’s price has been facing a significant decline recently, particularly after being rejected for the second time at the $4,000 resistance level. This rejection has led to a series of lower highs and lows on the daily chart, indicating a bearish trend in the market. Additionally, the price has broken below the critical 200-day moving
