Transfer Details Sam Bankman-Fried, the co-founder of the FTX crypto exchange, has been moved to a temporary detention center in Oklahoma City. This is despite a judge’s request to keep him in New York for his appeal. Reason for Transfer Bankman-Fried is serving a 25-year sentence for orchestrating a fraud at FTX. The Oklahoma facility…
Funding Rate Plunges Dogecoin’s open interest-weighted funding rate has nosedived by 50% in the past 24 hours. This suggests a shift towards bearish sentiment among investors. As the price of Dogecoin climbed, the funding rate rose, indicating bullishness. However, as the price has retreated, the funding rate has plummeted, showing a bearish reversal. Open Interest…
London Mansion Raid Uncovers Massive Bitcoin Stash In 2018, a raid on a London mansion belonging to Jian Wen and Yadi Zhang led to the seizure of 61,000 Bitcoin, currently valued at over £3 billion. This marked one of the largest cryptocurrency hauls by law enforcement worldwide. Wen’s Involvement in Money Laundering Jian Wen, 42,…
Net Flow Spike Shiba Inu (SHIB) has seen a significant increase in net flows, indicating that large investors (whales) are accumulating the token. This suggests that a price surge may be on the horizon. Solana Exchange Impact The recent listing of SHIB on the Solana-focused exchange Backpack has likely contributed to the surge in net…
Mike Novogratz, CEO of Galaxy Digital, believes that the upcoming “great wealth transfer” will be a boon for Bitcoin and other digital assets. Millennials’ Love for Crypto According to Novogratz, millennials, who are set to inherit a massive $90 trillion over the next 20 years, are more likely to invest in cryptocurrencies than their older…
Solana Memecoin WIF Crypto analyst Flow Horse predicts a surge in the Solana-based memecoin WIF. He believes it’s consolidating and may turn bullish soon. Ethereum ETF Impact Flow Horse also predicts a long-term uptrend for Ethereum (ETH) if the SEC approves a spot ETF for it. He believes the market will be caught off guard…
Dogecoin to the Moon? A popular crypto analyst, known as The Crypto Dog, believes Dogecoin (DOGE) could soar by 78% to $0.30 if Bitcoin hits a new all-time high. Bitcoin’s Bullish Future The Crypto Dog predicts that Bitcoin (BTC) is on the verge of another bullish run, potentially leading to new highs. NEAR Protocol on…
Crypto analyst Michaël van de Poppe believes Polkadot (DOT), a competitor to Ethereum, could more than double in value. Network Advancements and ETH Momentum Van de Poppe attributes DOT’s potential rally to major network advancements, including the Polkadot 2.0 release and the JAM white paper. He also notes that DOT benefits from the upward momentum…
D3 Global, a partner of Shiba Inu, has launched a beta version of its D3 Marketplace. This platform allows users to trade SHIB Name Tokens, which are top-level domain (TLD) names related to Shiba Inu. Key Features Buy, sell, or make offers on SHIB Name Tokens Supported TLDs include .shib and .core Streamlined transaction process…
Price Surge Not Happening Ethereum’s price hasn’t jumped despite the SEC approving spot Ethereum ETFs. This is surprising because it was expected to cause a big price increase. Reasons for Lack of Rally News Already Priced In: The price may have already reflected the news of potential approval. Profit-Taking: Traders may be selling their ETH…
