A leading analyst has issued a warning to crypto traders, urging caution as Bitcoin (BTC) whales engage in significant profit-taking. Whale Sell-Off According to data from Santiment, BTC whales have sold off over 80,000 BTC in the past three days, amounting to approximately $4.8 billion. Analyst Ali Martinez highlights this as a potential red flag…
Profitability Skyrockets Bitcoin has been on a tear lately, hitting a three-year high. And with that surge, the vast majority of Bitcoin investors are now in the green. A whopping 99.17% of Bitcoin holders are currently making a profit. No One’s Losing According to data, none of the 51.45 million Bitcoin addresses are currently in…
Mike Alfred, a financial expert, believes that XRP will remain around $0.60 even if Bitcoin hits $250,000. XRP’s Challenges Alfred argues that XRP is not a scam but faces growth hurdles due to its “token printing scheme” that benefits insiders. This has led to XRP’s flat performance over the past seven years. Ripple’s Role Ripple,…
New Meme Coin Joins the Ranks Robinhood has surprised the crypto community by adding the Solana-based Dogwifhat (WIF) meme coin to its platform. WIF joins the ranks of Dogecoin and Shiba Inu as one of the few meme coins supported by Robinhood. WIF: The Newest Shiba Inu-Themed Coin Launched in December 2023, WIF is a…
Launch Date Get ready, Shiba Inu fans! The K9 Finance token, a new addition to the ecosystem, will launch on March 7th. What is K9 Finance? K9 Finance is bringing Liquid Staking Derivatives (LSD) to the Shiba Inu ecosystem, specifically for the BONE token. This means you can stake your BONE tokens and earn rewards…
MiCA’s Impact on Crypto Payments The European Union’s MiCA (Markets in Crypto-Assets Regulation) is expected to bring significant changes to the crypto industry, including the crypto payments sector. Global Coverage for Crypto Payments Before MiCA, crypto payment regulations varied across EU countries, creating challenges for providers seeking to expand their services. MiCA will allow providers…
Ilya Lichtenstein, the mastermind behind the infamous $4.5 billion Bitfinex hack, has reportedly turned into a government witness in a money laundering trial. Bitfinex Hack and Arrests In 2016, Lichtenstein and Heather Morgan, known as the “crypto couple,” orchestrated the massive theft of crypto assets from the Bitfinex exchange. They were arrested in 2022 and…
Dogecoin (DOGE), the popular meme cryptocurrency, has reached a new milestone with its futures market. According to data from Coinglass, DOGE futures have hit an all-time high of $1 billion in open interest, representing the total value of outstanding contracts. Centralized Exchanges Dominate The majority of DOGE futures trading is concentrated on four major centralized…
Metcalfe’s Law Points to Growing Adoption Former Bloomberg analyst Jamie Coutts believes that crypto is on its way to becoming mainstream, based on fundamental blockchain analysis. According to Metcalfe’s Law, the value of a network increases with the square of the number of connected users. Despite Price Dips, User Base Grows Coutts’ data shows that…
Grayscale, a major asset manager, is urging the SEC to approve options trading on Bitcoin ETFs. Benefits for Investors Grayscale CEO Michael Sonnenshein argues that options would make Bitcoin ETFs more accessible and provide investors with: Enhanced risk management tools Hedging capabilities Income generation Potential Market Growth Analysts estimate that options trading could attract up…
