Binance, a leading cryptocurrency exchange, has converted its $1 billion Secure Asset Fund for Users (SAFU) entirely into the stablecoin USDC. SAFU Fund Background SAFU was established in 2018 to protect Binance users from market volatility. The fund has typically held a balance of $1 billion, but its value has fluctuated due to crypto price…
Despite the recent price drop, Bitcoin fans are still bullish on the crypto. Data shows that addresses used for long-term storage (called “accumulation addresses”) have reached a record high in terms of daily Bitcoin inflows. Accumulation Addresses at an All-Time High Over 27,700 BTC was moved into accumulation addresses on April 16-17. This is the…
Analyst’s Timeline for Bitcoin’s Peak Crypto analyst Rekt Capital believes Bitcoin’s bull market peak could happen between mid-September and mid-October 2025. This is based on historical patterns that show Bitcoin typically peaks 518 to 546 days after a Halving event, which is happening today or tomorrow. However, Rekt Capital notes that Bitcoin’s recent rapid growth…
Who’s Schwartz Loyal To? Ripple’s CTO, David Schwartz, clarified his loyalty after facing questions about his role and wealth. He explained that he’s loyal to those who earn it, including his employer, Ripple. However, he emphasized that his loyalty is conditional and he’d leave if Ripple no longer deserved it. Is Schwartz Ripple’s Steve Wozniak?…
Unregistered Offerings and Sales The SEC alleges that Justin Sun, founder of Tron, sold two cryptocurrencies (TRX and BTT) without registering them with the SEC or qualifying for an exemption. This violates federal securities laws. Manipulative Trading The SEC accuses Sun of directing “wash trading” of TRX to create the illusion of legitimate investor interest…
As Bitcoin prepares for its fifth halving in April, data from CryptoQuant reveals that seasoned investors and miners have been the biggest winners. Old Whales Triumph “Old whales,” long-term Bitcoin holders, have enjoyed a remarkable 223% increase in unrealized profits. Their patience and holding strategy have paid off handsomely. New Whales Lag Behind “New whales,”…
Binance CEO’s Statement Binance CEO Richard Teng has stated that the company is fully cooperating with Nigerian authorities in the ongoing $35 million money laundering case. Arrests and Charges Binance’s head of financial crime compliance, Tigran Gambaryan, and regional manager for Africa, Nadeem Anjarwalla, were arrested in Nigeria. Gambaryan faces money laundering charges, while Anjarwalla…
Ethereum (ETH), the crypto giant, is experiencing a mix of good and bad news. USDT Inflow: A Sign of Hope? Tether, the issuer of the popular stablecoin USDT, recently transferred a massive $318 million worth of USDT to Ethereum exchanges. This suggests that investors may be anticipating increased demand for USDT, which could lead to…
Floki Coin’s Breakout Potential Crypto analyst Inmortal predicts that Floki (FLOKI) could experience a significant rally on April 20th, known as “DOGE Day” to Dogecoin supporters. If Dogecoin (DOGE) surges, Inmortal believes FLOKI will follow suit. He suggests that a breakout will be confirmed if FLOKI flips the $0.00016 level into support. Bitcoin’s Market Bottom…
A crypto analyst known as Rekt Capital has warned that Bitcoin (BTC) is currently in a “danger zone” characterized by a significant market correction. Pre-Halving Retracements According to Rekt Capital, pre-halving corrections are common in Bitcoin’s history. He notes that these corrections typically occur before a period of bullish growth. Bottoming Out Rekt Capital believes…
