Bitcoin has been on a tear lately, shooting past $64,000 after a big jump in just four days. This unexpected rally has caught a lot of traders off guard, especially those who were betting on Bitcoin to drop. Short Sellers Caught Off Guard The sudden price spike has resulted in a massive wave of liquidations,…
Solana is having a moment! The crypto community is buzzing about it, and the positive vibes are reaching a 9-month high. What’s Fueling the Hype? The buzz started with whispers that Apple might be building on the Solana blockchain. While these are just rumors, they’ve sparked a lot of excitement among Solana investors. Social media…
Australia is joining the global rush for spot Ethereum ETFs with Monochrome’s new Ethereum ETF (IETH). This follows the success of their Bitcoin ETF (IBTC), which has attracted over $10 million in investments since last August. In-Kind Redemption: A Unique Feature Monochrome’s Ethereum ETF is unique because it offers in-kind redemption. This means investors can…
Bitcoin has surged back above $64,000, leading some to believe the long-awaited “Uptober” rally is finally happening. But before you get too excited, there are a few key events this week that could significantly impact the crypto market. Macro Events to Watch Retail Sales Data (October 17): This data reveals how much consumers are spending…
Bitcoin’s price has been bouncing around lately, leaving investors unsure about what’s next. A recent drop in Open Interest (OI), a measure of how many derivative contracts (like futures and options) are open, is raising concerns. Open Interest Mirrors 2021 Decline Alphractal, a data analysis firm, noticed a sharp drop in Bitcoin’s OI. This mirrors…
The price of Ethereum has been lagging behind lately, and a hedge fund manager thinks he knows why. Zaheer Ebtikar, founder of Split Capital, believes that a combination of bad decisions by the Ethereum Foundation and shifts in how people invest in crypto are to blame. The Shift in Crypto Investing Ebtikar explains that crypto…
Matt Hougan, the big cheese at Bitwise, is super impressed with Aptos, a Solana competitor. He’s been checking out a bunch of charts lately, and Aptos’ numbers really stand out. Aptos is on Fire Hougan shared some charts showing Aptos’ daily transactions and active addresses are going through the roof. He’s seeing some serious growth…
A popular crypto analyst, known as Inmortal, believes Bitcoin (BTC) is on the verge of a huge price surge. He’s comparing the current market to last year, when Bitcoin went on a wild ride after consolidating below $30,000. Bitcoin’s Big Move Inmortal thinks Bitcoin is in the final stages of consolidation after the halving event,…
Cybersecurity experts are warning that criminals are using deepfake technology to bypass security measures on crypto exchanges. These bad actors are selling AI-powered tools on the dark web that can create fake identities and fool facial recognition systems. How It Works The process is surprisingly simple: Create Fake Credentials: Criminals use AI-powered websites to generate…
Record Highs in Money Market Funds Investors have been pouring money into money market funds, reaching a record $6.47 trillion in deposits. This surge is driven by the Federal Reserve’s recent interest rate hikes, which have made these funds more attractive for earning returns on cash. JPMorgan Warns of an End to the Mania However,…
