The PEPE coin has seen a remarkable surge in value, with a 50% increase in price in just one day. This impressive rally has brought PEPE to the forefront of the crypto market, capturing the attention of investors and enthusiasts alike. Factors Driving PEPE’s Price Increase There is no single factor driving PEPE’s price increase,…
Institutional investors are shifting their focus to Ethereum (ETH) over Bitcoin (BTC), showing a preference for the second-largest cryptocurrency. Institutional Interest in Ethereum Bybit’s research report reveals that institutions are allocating more funds to ETH compared to BTC. The rise in interest began in September 2023, with ETH trading around $2,000. Ethereum became the single…
2023 was a tumultuous year for the world of digital assets, marked by fluctuating regulations, criminal activities, and significant thefts. However, despite these challenges, the total market capitalization for digital assets reached a staggering $1.4+ Trillions, a testament to the growing interest and potential of this industry. Amidst this growth, however, lies a concerning reality:…
Sudden Outflow and Unanswered Inquiries Hong Kong-based crypto exchange BitForex has halted withdrawals on its platform. On-chain investigator ZachXBT reported suspicious activity on February 23rd. Over $56 million left BitForex’s hot wallets, prompting withdrawal suspension. BitForex officials have not responded to user inquiries on X and Telegram. The exchange’s CEO resigned last month, adding to…
On-chain analysts are trying to figure out who owns a Bitcoin wallet that’s accumulating huge amounts of BTC at a relentless pace. The unknown entity dubbed “Mr. 100” has bought at least 100 BTC nearly every day since February 14th, including weekends. This accumulation has resulted in a total of 3806.54 BTC worth $207,996,959 in…
Market Volatility and Predictions: Bitcoin’s price movements have become less volatile, leading to speculation about a potential crash or further upward surge. Crypto Analyst’s Bold Prediction: Crypto Jelle, a cryptocurrency analyst and investor, shared a bold prediction on social media. He believes that Bitcoin is poised for a new all-time high, despite bearish sentiments within…
An artificial intelligence altcoin, Akash Network (AKT), has seen a surge in value after the top US crypto exchange Coinbase announced its possible future listing. Coinbase’s listing roadmap, which informs customers about potential new supported assets, has added AKT to its list. Following the news, AKT’s price rose from $3.91 to $4.38, a 10% gain….
Outflows Slowdown Outflows from Grayscale’s Bitcoin Trust (GBTC) are easing, as seen in Bitcoin ETFs’ trading activity. Investor anxiety over Grayscale’s Spot ETF seems to be settling, with the ETF cohort attracting significant trading volumes and asset growth. GBTC’s daily outflows dropped to $44.2 million on Friday, the lowest since spot Bitcoin ETFs launched. Stabilization…
Background Since China’s crypto mining ban in 2021, the US has become a major hub for Bitcoin miners. However, regulatory agencies have been tightening their oversight of the industry. Last month, an emergency approval was issued for a survey to collect sensitive data from crypto mining companies operating in the US. This led to a…
Crypto Investment Products See Record Inflows Crypto investment products have seen a notable surge in investor interest, marking their fourth consecutive week of substantial inflows. According to recent data from CoinShares, these products attracted roughly $598 million in investments over the past week alone. This influx of capital brings the year-to-date inflows to $5.7 billion,…
