A top trader is warning crypto bears that their time to drive the market lower is running out. Bullish on Dogwifhat (WIF) The analyst, known as the Flow Horse, is bullish on the Solana-based memecoin dogwifhat (WIF). He believes WIF will continue to perform well until the end of the bull market. Memecoin Dilution While…
Outflows Institutional investors have been pulling money out of crypto for the third week in a row, according to CoinShares. Digital asset investment products saw $30 million in outflows last week, with Ethereum (ETH) products leading the way. Ethereum’s Woes Ethereum has had one of its worst weeks in years, with $61 million in outflows….
Crypto analyst Ali Martinez has noticed a surge in new Bitcoin (BTC) addresses, suggesting a potential return of retail investors. Despite recent market volatility, the number of new addresses has broken a downtrend line, reaching its highest level since April. Miners Capitulating, Bullish Signal Martinez also observed that Bitcoin miners are selling their positions, which…
New Partnership with UQUID Tether, the issuer of the popular stablecoin USDT, has teamed up with UQUID to enable Filipino citizens to pay their social security contributions using cryptocurrency. Easy Payment Process According to UQUID, paying social security with USDT on the TON blockchain is a simple seven-step process using their UQUID card. 1 USDT…
Whale Activity Over the past week, Toncoin whales have been actively buying, accumulating over 45 million TON, worth approximately $342 million. This surge in whale buying comes after the cryptocurrency reached a new all-time high last month. Whale Cohort The whale cohort includes addresses holding between 10,000 and 100,000 TON. These large holders have significant…
Vitalik Buterin, the co-founder of Ethereum, has blasted US crypto regulations for encouraging “useless things.” Overly Broad Definitions Stifle Innovation Buterin criticized the Securities and Exchange Commission (SEC) for its expansive definition of securities, which he believes stifles innovation and incentivizes empty promises. He argues that the SEC’s approach prioritizes speculative ventures over projects with…
June brought a significant drop in cryptocurrency losses due to hacking, marking a 54.2% decrease from May. This shift indicates progress in the crypto security landscape. Major Incidents and Impact PeckShield, a crypto analytics firm, reported 20 hacking incidents in June, resulting in losses of around $176 million. The largest breach was the BtcTurk exchange,…
Robinhood’s AI Acquisition Robinhood’s purchase of Pluto Capital aims to enhance its platform with AI-powered investment advice and analytics. This move aligns with Robinhood’s goal of making finance more accessible to retail investors. Cardano Founder’s Warning Cardano founder Charles Hoskinson cautions against the potential risks of centralized control over AI algorithms. He fears that AI…
Macro analyst Raoul Pal predicts a massive influx of liquidity into global financial markets, which could drive up risk assets such as cryptocurrency. Catalysts for Liquidity Increase Pal identifies several factors contributing to the expected liquidity surge: Treasury General Account drawdown End of quantitative tightening by the Federal Reserve Drainage of reverse repo operations Congressional…
Crypto analyst Rekt Capital believes Bitcoin (BTC) is currently undervalued, based on a key indicator. Pi Cycle Top Indicator The Pi Cycle top indicator uses two moving averages to assess Bitcoin’s price. When the price falls below the 111-day moving average (DMA), it has historically signaled a buying opportunity for investors. Current Market Conditions As…
