Coinbase Support Coinbase, the leading US crypto exchange, announced the addition of Render (RENDER) to its platform. Render is a decentralized altcoin that allows users to earn rewards by sharing their unused graphics processing power to render graphics and visual effects for other projects. Tepid Response Despite the Coinbase listing, Render’s price has remained largely…
Crypto analyst Rekt Capital is stunned by Bitcoin’s recent surge, which has seen it gain almost $10,000 in the past 10 days. Traders Who Bought in January Reaped Big Those who bought Bitcoin in January due to fear of missing out (FOMO) have seen their investments rise by around 30%. Pre-Halving Bargain Opportunity Rekt Capital…
Background During a recent House Financial Services Committee hearing, Congressman Tom Emmer questioned the alleged use of cryptocurrency to finance terrorism. WSJ Report on Hamas Funding The Wall Street Journal reported that Hamas raised $41 million in digital assets between 2021 and 2023. However, blockchain analytics firms have disputed these claims, stating that the actual…
Hype Among Investors Surges As Bitcoin breaks above $52,000, social media has been buzzing with traders calling for a new all-time high (ATH). Data from Santiment shows a spike in “Social Volume,” indicating increased discussion around the topic. Social Media Hype and Market Peaks Historically, excessive hype in the market has been associated with negative…
EIA Demands Sensitive Data The Energy Information Administration (EIA) has reportedly sent letters to Bitcoin miners in the United States, demanding sensitive data within ten days. Failure to comply could result in fines of over $10,000 per day. Government Concerns The EIA’s request stems from concerns about the environmental impact of Bitcoin mining. The government…
Institutional Buying Fuels Coinbase Premium Data from Quant CEO Ki Young Ju reveals that institutional brokers are actively purchasing Bitcoin on Coinbase. The Coinbase Premium Index, which measures the price difference between Bitcoin on Coinbase and other exchanges, has been positive in recent weeks. This indicates higher buying pressure from US-based institutions. US Institutions Drive…
Key Resistance Level Crypto analysts Jan Happel and Yann Allemann of Glassnode believe Bitcoin (BTC) is on the verge of breaking through a crucial resistance level of $52,000. This could trigger a significant upward move. Fear of Missing Out (FOMO) If Bitcoin crosses $52,000 convincingly, traders may experience FOMO and fuel a continuation of the…
Token Distribution Starknet, an Ethereum layer-2 scaling project, is set to distribute over 700 million STRK tokens to nearly 1.3 million addresses starting February 20th. Eligible individuals and groups will have four months to claim their tokens. Unclaimed STRK will be distributed in future rounds. Token Allocation The tokens will be allocated to community members…
Orbs, a layer three blockchain, has partnered with SYMMIO, an OTC derivatives platform, to enhance on-chain derivatives trading. Efficient Capital Deployment Orbs’ liquidity hub, which operates above AMMs, has seen high demand. The partnership with SYMMIO aims to provide similar capabilities for derivatives traders, enabling them to use their capital more efficiently. On-Chain Derivatives Use…
Economist Alex Krüger believes Solana (SOL) is undervalued compared to Ethereum (ETH). In a recent interview, he highlighted the bustling ecosystem and potential of SOL. Ecosystem Activity According to Krüger, Solana’s ecosystem is more active than ETH’s. He points to the high trading volume of memecoins on SOL, which indicates retail interest. This contrasts with…
