A bank employee has been indicted by the U.S. Department of Justice (DOJ) for allegedly stealing over $2.1 million from customers. Unauthorized Transactions and Illicit Accounts Yue Cao, of Winfield, Illinois, is accused of creating a network of unauthorized transactions and illegal accounts to siphon funds from victims. He allegedly targeted elderly customers who had…
Axie Infinity (AXS), a blockchain gaming altcoin, is showing signs of a potential surge, according to crypto trader Ali Martinez. Inverse Head-and-Shoulders Pattern Martinez analyzed AXS’s weekly chart and identified an inverse head-and-shoulders pattern. This pattern suggests that AXS could rise to $13, a 73% increase from its current price of $7.49. A further breakout…
Spot market Bitcoin exchange-traded funds (ETFs) have seen a remarkable nine-day streak of inflows, totaling over $1.75 billion. Daily Inflows Since May 14th, BTC ETFs have consistently received positive inflows, with May 15th and May 21st witnessing the largest gains of $303 million and $305.7 million, respectively. Grayscale Outflows The only exception to this trend…
Binance, the popular crypto exchange, has announced that it will soon support a new DeFi altcoin on its Megadrop token launch platform. What is Megadrop? Launched in April, Megadrop is a platform that gives users early access to assets that are not yet listed on Binance’s exchange. It features airdrops and Web3 quests to engage…
Transfer Details Sam Bankman-Fried, the co-founder of the FTX crypto exchange, has been moved to a temporary detention center in Oklahoma City. This is despite a judge’s request to keep him in New York for his appeal. Reason for Transfer Bankman-Fried is serving a 25-year sentence for orchestrating a fraud at FTX. The Oklahoma facility…
Funding Rate Plunges Dogecoin’s open interest-weighted funding rate has nosedived by 50% in the past 24 hours. This suggests a shift towards bearish sentiment among investors. As the price of Dogecoin climbed, the funding rate rose, indicating bullishness. However, as the price has retreated, the funding rate has plummeted, showing a bearish reversal. Open Interest…
London Mansion Raid Uncovers Massive Bitcoin Stash In 2018, a raid on a London mansion belonging to Jian Wen and Yadi Zhang led to the seizure of 61,000 Bitcoin, currently valued at over £3 billion. This marked one of the largest cryptocurrency hauls by law enforcement worldwide. Wen’s Involvement in Money Laundering Jian Wen, 42,…
Net Flow Spike Shiba Inu (SHIB) has seen a significant increase in net flows, indicating that large investors (whales) are accumulating the token. This suggests that a price surge may be on the horizon. Solana Exchange Impact The recent listing of SHIB on the Solana-focused exchange Backpack has likely contributed to the surge in net…
Mike Novogratz, CEO of Galaxy Digital, believes that the upcoming “great wealth transfer” will be a boon for Bitcoin and other digital assets. Millennials’ Love for Crypto According to Novogratz, millennials, who are set to inherit a massive $90 trillion over the next 20 years, are more likely to invest in cryptocurrencies than their older…
Solana Memecoin WIF Crypto analyst Flow Horse predicts a surge in the Solana-based memecoin WIF. He believes it’s consolidating and may turn bullish soon. Ethereum ETF Impact Flow Horse also predicts a long-term uptrend for Ethereum (ETH) if the SEC approves a spot ETF for it. He believes the market will be caught off guard…
