Dogecoin (DOGE), the popular meme cryptocurrency, has reached a new milestone with its futures market. According to data from Coinglass, DOGE futures have hit an all-time high of $1 billion in open interest, representing the total value of outstanding contracts. Centralized Exchanges Dominate The majority of DOGE futures trading is concentrated on four major centralized…
Metcalfe’s Law Points to Growing Adoption Former Bloomberg analyst Jamie Coutts believes that crypto is on its way to becoming mainstream, based on fundamental blockchain analysis. According to Metcalfe’s Law, the value of a network increases with the square of the number of connected users. Despite Price Dips, User Base Grows Coutts’ data shows that…
February was a great month for Bitcoin, with its price soaring by 39%. This is the second most profitable February in Bitcoin’s history and the best in 11 years. Halving Effect Bitcoin halvings, which reduce the reward for miners, often lead to significant price increases. According to expert Peter Brandt, Bitcoin’s price could skyrocket to…
Grayscale, a major asset manager, is urging the SEC to approve options trading on Bitcoin ETFs. Benefits for Investors Grayscale CEO Michael Sonnenshein argues that options would make Bitcoin ETFs more accessible and provide investors with: Enhanced risk management tools Hedging capabilities Income generation Potential Market Growth Analysts estimate that options trading could attract up…
Settlement with Genesis Gemini has reached an agreement with Genesis and other creditors to repay all Earn Program customers. This means that customers will receive 100% of their digital assets back, regardless of their value when they were deposited. Value of Assets The total value of the assets to be returned is over $1.8 billion,…
Mishandled Funds Resolved Binance, the largest cryptocurrency exchange, has recovered $4.4 billion in digital assets for users who faced issues with deposits in the past two years. These issues could arise from incorrect wallet addresses, incompatible tokens, or blockchain updates. Binance successfully resolved over 380,000 cases in 2022 and 2023, ensuring that users’ funds were…
Realized Cap Bitcoin’s Realized Cap, which measures the total investment in the cryptocurrency, has reached a new record high. This indicates that more money than ever before is being invested in Bitcoin. Accumulation Trend Data shows that Bitcoin investors are actively accumulating the cryptocurrency. The Accumulation Trend Score, which tracks the buying and selling behavior…
Justin Sun, the founder of Tron, has been making significant crypto transactions lately. Ethereum Accumulation From February 12 to 24, Sun’s wallet acquired 168,369 ETH, worth approximately $580.5 million. This investment has currently yielded an unrealized profit of $95 million. With the rising demand for cryptocurrencies, especially Ethereum, the value of Sun’s ETH holdings is…
Crypto analyst Inmortal believes the small-cap altcoin Constellation (DAG) is poised for a surge. Accumulation and Breakout DAG has been accumulating for over 400 days, with a breakout and retest now complete. Inmortal predicts it will reach around $0.12 by June. Scalable Distributed Network Constellation’s layer-0 protocol allows developers to build blockchains, mint crypto assets,…
Skyrocketing Potential Dan Tapiero, CEO of investment firm 10T Holdings, believes Bitcoin (BTC) could surge to $150,000-$200,000 this year. This would represent a 153%-237% increase from its current price. Tapiero suggests that once Bitcoin breaks above $70,000, it will quickly climb to $90,000. He notes that despite Bitcoin’s recent 100% rally, it does not appear…
