Liquidation Surge Cryptocurrency investors holding long positions have faced a massive liquidation of $365 million in the past day, as Bitcoin’s price plummeted below $66,000. Derivative Market Meltdown The cryptocurrency derivative market has witnessed significant liquidations, with over $461 million wiped out in the last 24 hours. Long investors bore the brunt of the pain,…
License Acquisition Crypto derivatives giant Deribit has secured a conditional license from Dubai’s Virtual Asset Regulatory Authority (VARA). This license allows Deribit to offer both spot and derivatives trading in the region. Strategic Move The license acquisition coincides with Deribit’s decision to relocate its headquarters to Dubai. This move aims to capitalize on the growing…
Market-Wide Decline Dogecoin’s price has taken a hit today, losing double digits after a week of gains. This downturn is part of a broader market decline triggered by the release of manufacturing data in the US. The data showed that while manufacturing activity increased, there was no increase in employment or prices rose, leading to…
Crypto analyst Altcoin Sherpa predicts significant rallies for three memecoins: Dogecoin (DOGE), BOOK OF MEME (BOME), and dogwifhat (WIF). Dogecoin (DOGE) Sherpa anticipates a surge of over 50% for DOGE, targeting a price of $0.33. He believes the coin has broken above its resistance at $0.195. BOOK OF MEME (BOME) BOME is expected to reach…
Sam Bankman-Fried (SBF), the disgraced founder of the collapsed FTX crypto exchange, has spoken out from prison, expressing remorse for his actions and advocating for full compensation for his victims. Victims Deserve Full Payment In his first week of a 25-year prison sentence, SBF stated that victims “deserve to be paid in full, at current…
A seasoned trader known as The Flow Horse has raised concerns about Ethereum’s (ETH) dominance as the leading smart contract platform. Ethereum’s Dominance Not Guaranteed The Flow Horse compares Ethereum to Compaq Computer Corporation, once the industry leader but eventually acquired by HP. He believes that Ethereum’s current prominence does not guarantee its permanent dominance….
Rising Awareness of Inflation Anthony Pompliano, founder of Pomp Investments, believes that increasing awareness of inflation is driving more Americans towards Bitcoin (BTC). He points to BTC’s seven consecutive months of growth as evidence of this trend. Inflation Concerns Pompliano suggests that the Federal Reserve’s potential shift towards a looser monetary policy could lead to…
Binance, the world’s largest cryptocurrency exchange, has appointed a board of directors for the first time. This move follows last year’s guilty plea to US charges related to anti-money laundering and sanctions violations. Board Members The seven-member board includes: Gabriel Abed (Chairman) Richard Teng (Binance CEO) Heina Chen Jinkai He Lilai Wang Arnaud Ventura (Gojo…
Maturation of Thailand’s Crypto Market Thailand’s leading crypto exchange, Bitkub, is planning to go public by 2025. CEO Jirayut Srupsrisopa announced the intention to list on the Stock Exchange of Thailand. This move aims to boost Bitkub’s profile and raise capital for future growth. Competitive Landscape and Regulatory Environment Bitkub faces competition from players like…
April promises to be a pivotal month for the crypto market, with a series of events set to impact the digital asset landscape. Halvings and Regulatory Deadlines Bitcoin Cash Halving (April 2) Similar to Bitcoin, Bitcoin Cash undergoes a halving event approximately every four years, reducing mining profits. US Consumer Price Index (April 10) This…
