Cardano’s new privacy-focused sidechain, Midnight, is launching a huge airdrop called the “Glacier Drop.” This airdrop distributes 24 billion NIGHT tokens, Midnight’s native token. How NIGHT Tokens Work NIGHT is a utility token that generates DUST, a resource used on the Midnight network. DUST is not transferable and burns upon use, unlike typical transaction fees….
Bitcoin’s price has bounced back above $105,000, but the news isn’t all good. The derivatives market, which heavily influences Bitcoin’s price, is showing some worrying signs. Futures Buying Pressure Drops A recent report highlights a significant decrease in buying pressure in the Bitcoin futures market. Key metrics like the Taker Buy/Sell ratio and Net Taker…
Anthony Pompliano’s ProCap just made a huge splash, raising $750 million and merging to become a publicly traded company, ProCap Financial Inc. ($CCCM), with a billion dollars worth of Bitcoin! This move, backed by major crypto investors, signals a significant shift in institutional interest in Bitcoin. Institutional Bitcoin Adoption is Booming More and more big…
Swissblock, a market intelligence firm, is raising a red flag about Bitcoin (BTC). They’ve noticed a sharp drop in on-chain liquidity, a key indicator of how easily BTC can be bought and sold. What’s the Problem? Low on-chain liquidity means there aren’t enough buyers to soak up sell orders, potentially leading to price drops. Swissblock…
Last week saw over $1.24 billion flow into crypto investment products, marking the tenth straight week of inflows. This brings the year-to-date total to a record-breaking $15.1 billion. Bitcoin and Ethereum Lead the Charge Bitcoin (BTC) was the top performer, attracting $1.1 billion in investment. Ethereum (ETH) wasn’t far behind, experiencing its ninth consecutive week…
Cathie Wood’s investment firm, ARK Invest, recently sold off a huge amount of Circle (CRCL) stock – a whopping $238.2 million worth – in just one week. This happened right after Circle’s stock price jumped significantly. A Quick Sell-Off Between June 16th and 20th, ARK unloaded these shares. On June 20th alone, they sold $111.6…
Arthur Hayes, the BitMEX co-founder, is predicting a major Bitcoin (BTC) price surge. He believes the Federal Reserve’s upcoming injection of cash into the US economy will drive investors towards Bitcoin as a safe haven asset. The Fed’s Impact on Bitcoin Hayes, who boasts a large following on X (formerly Twitter), claims that the increased…
Cryptocurrencies are having a moment! For ten weeks straight, investors have been pouring money into crypto funds, totaling a massive $15 billion year-to-date. Even with usual slowdowns around holidays and global market jitters, the influx continues. It seems investors see dips as buying opportunities. Bitcoin and Ethereum Dominate Bitcoin is leading the charge, attracting $1.114…
Bitcoin’s dominance is at a four-year high, exceeding 66%! This means Bitcoin is taking a larger share of the crypto market, leaving less room for other cryptocurrencies (altcoins). Experts are debating what this means for the much-anticipated “altcoin season.” Bitcoin’s Dominance: A Bearish Outlook for Altcoins? Analyst Finsends thinks Bitcoin’s dominance could climb even higher,…
Bitcoin has been surprisingly chill lately, even with all the crazy stuff happening globally. This is a big deal, especially considering recent geopolitical tensions. Bitcoin’s Volatility Takes a Dip According to Bitwise Europe’s head of research, Bitcoin’s price swings have calmed down significantly. Even a recent 7% dip didn’t cause much panic. This suggests traders…
