Kidnapping and Extortion A 24-year-old Florida man, Remy St. Felix, has been convicted for leading a violent crime ring that targeted cryptocurrency owners. From September 2022 to July 2023, St. Felix and his crew invaded homes, kidnapped victims, and forced them to hand over their crypto wallets. Sophisticated Scheme Beforehand, the crew hacked into victims’…
A proof-of-work altcoin, Kaspa (KAS), has defied the recent market downturn, surging by 25% this week. Upcoming Token Standard Launch The surge is attributed to the upcoming launch of Kasplex, a protocol for the Kaspa ecosystem. Kasplex will introduce the KRC-20 token standard and support NFTs on the Kaspa network. Kasplex Protocol According to the…
Critical Support Level Crypto analyst Cryptorphic believes that FLOKI’s ability to hold the $0.000155 support level after the recent market crash is a positive sign. This level could serve as a bounce point for a price rally. Bullish History FLOKI has had a strong performance in 2024, with two major bullish surges in March and…
The Aptos Foundation and Alibaba Cloud have joined forces to boost Japan’s Web3 ecosystem. Co-branded Developer Community Together, they’ve launched Alcove, Asia’s first co-branded Move developer community. Alcove aims to: Promote the Move programming language Foster innovation Increase digital accessibility Move Development Initiatives The Aptos Foundation will spearhead initiatives through Alcove, including: Move developer meetups…
Declining Long-Term Holder Supply Data from CryptoQuant shows that Bitcoin’s long-term holder (LTH) supply has been decreasing lately. LTHs are investors who have held their coins for over 155 days and are known for their resilience. Selloff by LTHs The chart below shows the trend in the total supply held by LTHs and its 30-day…
Whale Activity on the Rise Despite the recent price drop in Shiba Inu (SHIB), some whales have been making big moves. In the past 24 hours, they’ve transferred a whopping 1.55 trillion SHIB tokens, worth around $26.6 million. Large Transactions Soaring This isn’t a one-off event. In the past seven days, whales have moved a…
Crypto trader Michaël van de Poppe predicts a rally in Covalent (CQT), a low-cap artificial intelligence (AI) token. Van de Poppe believes CQT is poised for a significant surge due to recent updates. Bitcoin and Ethereum Outlook Regarding Bitcoin (BTC), Van de Poppe cautions that it may experience a slight dip before resuming its upward…
Realized Losses VanEck’s Head of Digital Assets, Matthew Sigel, highlights realized losses by short-term holders as a bullish indicator. These losses represent the difference between the buying and selling prices of BTC holders. A high level of realized losses, such as the recent $500 million, suggests that short-term traders are selling at a loss, indicating…
Glassnode co-founders believe Ethereum (ETH) could skyrocket by 120% from its current level. Historical Pattern They point to a similar pattern in early 2021, where ETH rallied significantly. Based on this, they predict a target price of around $7,500, which would mirror the Fibonacci extension seen in 2021. Relative Strength Ethereum is currently showing relative…
A well-known cryptocurrency analyst, DonAlt, has issued a warning about Bitcoin (BTC). He believes that BTC is at risk of falling below a crucial support level of $60,000. Key Points If the $60,000-$73,800 range breaks down, Bitcoin could experience a prolonged downturn of at least 120 days. In the worst-case scenario, BTC could drop to…
