After a 15-week winning streak, the crypto market finally saw some money leave. Last week, investors pulled out a whopping $223 million, marking the first weekly outflows in over three months. What Happened? CoinShares, a big name in crypto asset management, reported the downturn. They say the change in mood started after some key US…
Metaplanet, a Japanese company focused on Bitcoin, just made a huge purchase: 775 Bitcoin! This added roughly $93 million to their already impressive Bitcoin holdings. A Growing Bitcoin Treasury The purchase, announced by president Simon Gerovich, brought Metaplanet’s total Bitcoin stash to a whopping 18,888 BTC. That’s a total cost of about $1.94 billion. Even…
Japan is about to get its first official yen-backed stablecoin! Regulators are expected to give the green light as early as October. Introducing JPYC The stablecoin, called JPYC, will be issued by a Tokyo fintech company of the same name. It’ll be backed by actual Japanese yen, held in reserves like bank deposits and government…
Last week was huge for crypto investments, with a whopping $3.75 billion flowing into various funds. This is the fourth-largest weekly inflow ever recorded, showing a big shift after a period of slower activity. Ethereum Dominates the Inflow The big news? Ethereum completely stole the show. It snagged a massive $2.87 billion – that’s a…
An expert predicts that XRP Exchange-Traded Funds (ETFs) could completely change the game for XRP. While they’re not available yet, the buzz around them is huge, with analysts expecting approval in the coming months. A Game-Changer for XRP? AllinCrypto, a well-known crypto expert, recently discussed the potential impact of XRP ETFs on a podcast. He…
Ripple’s CTO, David “JoelKatz” Schwartz, recently shared his perspective on the broader applications of blockchain technology, extending far beyond just cryptocurrencies. He believes blockchains offer solutions to a wide range of problems. Ripple’s Vision: Trust, Not Just Tokens Schwartz highlighted that Ripple’s vision has always been bigger than just digital coins. He traced it back…
The US government is sitting on a massive pile of Bitcoin – over $24 billion worth, according to recent data. But don’t expect them to go on a shopping spree anytime soon. No More Buying (Maybe) Treasury Secretary Scott Bessent recently stated that the government won’t be buying any more Bitcoin. The current stash, he…
Bitcoin’s price has dipped below $115,000, causing some worry. But a closer look at some key metrics suggests a surprising shift in the market. A Change in Investor Sentiment Market expert Darkfost noted a positive change in how long-term Bitcoin holders are behaving. Specifically, the 30-day average “Coin Days Destroyed” (CDD) metric has dropped significantly…
Altcoins are making some serious noise lately, leading many to wonder if altseason is finally upon us. While Bitcoin (BTC) still reigns supreme, some interesting trends are emerging. Altcoin Liquidations Surpass Bitcoin’s Altseason, simply put, is when altcoins outperform Bitcoin during a bull market. It usually means Bitcoin’s dominance decreases as investors jump ship to…
Kraken, a major cryptocurrency exchange, has temporarily stopped accepting Monero (XMR) deposits. This is due to a reported 51% attack on the Monero blockchain. What’s a 51% Attack? A 51% attack happens when a single group controls over half the computing power (hash rate) used to secure a blockchain. This gives them the ability to…
