Founders Charged The US Department of Justice (DOJ) has charged cryptocurrency exchange KuCoin and its founders, Chun Gan and Ke Tang, with violating anti-money laundering (AML) laws. The indictment alleges that they failed to implement proper AML measures, allowing the exchange to become a “hub for illicit money laundering.” Failure to Comply with US Laws…
Whale Profits Skyrocket Ki Young Ju, founder of CryptoQuant, reveals that short-term whales, including spot Bitcoin ETF buyers, have made an impressive $16.3 billion in unrealized profits. This translates to a 16% gain. Bitcoin Rebounds After Correction After a brief dip, Bitcoin has bounced back above $70,000. It’s now trading above the middle Bollinger Band,…
A crypto analyst who predicted the recent Bitcoin drop believes Shiba Inu (SHIB) is repeating a pattern from the 2021 bull market. SHIB Retesting Support SHIB is currently retesting a support level of $0.0000279, similar to what it did before its 2021 rally. The analyst suggests that history could repeat itself, with SHIB potentially breaking…
Digital asset manager CoinShares reports that institutions sold off a record $942 million worth of crypto products last week, reversing a seven-week trend of inflows. Grayscale Leads the Exodus Grayscale, the largest crypto asset manager, accounted for over $2 billion of the outflows, indicating investor hesitation due to market uncertainty. Bitcoin Bears the Brunt Bitcoin…
Ki Young Ju, CEO of CryptoQuant, has shared insights on Bitcoin’s potential price trajectory. Max Pain Price Level Ju believes Bitcoin could drop to a “max pain” range of around $51,000 before the bull market continues. This is based on historical price patterns, which typically see a maximum drawdown of around 30% during bull markets….
Crypto analyst Kaleo predicts a massive rally for Theta Network (THETA), a decentralized video streaming platform. He believes THETA could soar by over 200% as the social finance (SoFi) sector gains traction. Reasons for Optimism Kaleo cites the upcoming airdrops for ARENA and FT (Friend.tech) tokens as catalysts for renewed interest in SoFi. He suggests…
Expert Analysis Cryptocurrency expert Dr. Profit has analyzed Bitcoin’s (BTC) recent performance and identified key factors that could drive its price to new heights. Sideways Movement: A Prelude to Surge Dr. Profit predicts a sideways movement for Bitcoin in the short term. However, he emphasizes that this is a normal part of market cycles and…
Crypto expert KSI has shared his thoughts on Bitcoin’s potential trajectory. Potential Ups and Downs KSI predicts Bitcoin could reach $73K-$80K soon, followed by a dip to $50K-$60K. He suggests a “boring red summer” before things heat up in winter. $100K by 2025? KSI joins analysts predicting Bitcoin could hit $100K by the end of…
FTX’s Stake Sale FTX, the bankrupt crypto exchange, is selling a majority stake in Anthropic, an AI startup, for $884 million. The move is part of FTX’s efforts to repay creditors and boost its cash reserves. Anthropic’s Ownership Change FTX initially invested $500 million in Anthropic in 2021. The startup has since attracted investments from…
SEC’s Decision The Philippine Securities and Exchange Commission (SEC) has blocked access to Binance, the world’s largest cryptocurrency exchange. The decision was made because Binance does not have the necessary license to operate in the Philippines. Website and Services Blocked The SEC has asked the National Telecommunications Commission (NTC) to block Binance’s website and related…
