Diamond Hands Give Way Bitcoin’s long-term holders, known as “diamond hands,” have sold off a whopping 669,000 BTC in the past month. What’s a Diamond Hand? Diamond hands are investors who hold onto their Bitcoin for more than 155 days. They’re usually considered the most committed holders in the market. Why the Sell-Off? Even diamond…
Unexpected Bug Discovered On March 24th, the RippleX team discovered a technical glitch in their newly launched Automated Market Maker (AMM). This came as a surprise to the XRPL community, who had been eagerly awaiting the protocol’s rollout. The glitch affected how the AMM pools and order books routed liquidity, causing discrepancies. The development team…
Bitcoin: Spot ETF Outflows and Inflation Data Bitcoin is facing a streak of negative flows in spot ETFs, raising concerns. The market anticipates a turnaround, as ETFs have historically contributed to BTC’s growth. The upcoming PCE Index release on Friday could impact market sentiment and monetary policy decisions. Dogecoin: Futures Trading and ‘Doge Day’ Coinbase…
Chainlink (LINK) Analyst Inmortal predicts a rally to $26 for LINK. However, he also sees a potential drop to $15 before the surge. LINK is currently trading at $18.30. Beam (BEAM) Inmortal is bullish on BEAM, a gaming-focused crypto. He expects a dip to $0.025 before a surge of over 100%. BEAM is currently worth…
SkyBridge Capital founder Anthony Scaramucci predicts a surge in demand for Bitcoin (BTC) in the coming years. Wealth Transfer and Young Investors Scaramucci believes the $84 trillion wealth transfer from baby boomers to younger generations will drive demand for Bitcoin. He notes that younger investors already hold significant amounts of BTC, while older investors have…
A recent report has identified 282 US banks with a combined $900 billion in assets that are facing a “toxic combination” that could lead to their collapse. Risk Factors According to the Klaros Group, these banks have: High exposure to commercial real estate loans Significant unrealized losses on their balance sheets Names Kept Secret Klaros…
Cash Restrictions The European Union (EU) is cracking down on anonymous cash transactions. Cash payments over €10,000 and anonymous cash payments over €3,000 will be banned. Crypto Restrictions Crypto payments to hosted wallets will also be banned, regardless of the amount. Anti-Money Laundering Authority The EU will establish the Anti-Money Laundering Authority (AMLA) to oversee…
Shibarium, the layer-2 solution for Shiba Inu, has hit a new all-time high in locked value, reaching over $3.67 million. TVL Surges to New Milestone Shibarium’s total value locked (TVL) has skyrocketed from $1.43 million on March 22 to $3.67 million at the time of writing. This surge is attributed to the launch of the…
ETF Buyers Buck Sell-Off Trend According to Bloomberg ETF expert Eric Balchunas, ETF investors are the “strong hands” currently buying up Bitcoin (BTC) during the recent sell-off. Despite outflows from Grayscale’s ETF, Balchunas notes that these are primarily from a single entity, Genesis, converting ETF shares into spot Bitcoin. ETF Investors Driving Inflows Overall, ETF…
Top trader DonAlt has issued a warning to Bitcoin (BTC) investors, stating that the monthly chart is on the verge of signaling a bearish trend. Monthly Close Critical According to DonAlt, Bitcoin needs to close the month above $56,000 to avoid a “catastrophic” sell signal. If the monthly close falls below this level, it could…
