Ethereum’s futures market is showing signs of trouble. According to a recent analysis, traders are less optimistic about Ethereum’s short-term price movements. This is reflected in the declining funding rates, which are essentially payments made between traders based on price differences. Negative funding rates mean traders are betting against Ethereum’s price. This indicates a lack…
Ethereum has been a bit sluggish lately, with prices struggling to break above $2,400 and $2,800. But don’t let that fool you, most ETH holders are still optimistic! They believe the price will bounce back and even surpass the July highs of around $3,500. More Than Half of ETH Holders Are Making Money Data from…
A crypto analyst who accurately predicted Bitcoin’s price drop before the halving believes that a layer-1 altcoin is about to explode. Injective (INJ) Ready to Breakout The analyst, known as Rekt Capital, says Injective (INJ) is forming a pattern on its weekly chart that usually signals a bullish reversal. This pattern, called a falling wedge,…
Changpeng Zhao, the former CEO of Binance, is set to walk free from prison on September 29th. Zhao, who was serving time for violating anti-money laundering laws, has been housed at the Residential Reentry Management (RRM) Long Beach facility in Southern California. Zhao’s release comes after a tumultuous period for the crypto giant. He stepped…
Coinbase, the big name in US crypto, has launched its own version of Bitcoin called “cbBTC.” This new token is basically a Bitcoin-backed token that lives on the Ethereum network. Coinbase says it makes using DeFi (decentralized finance) easier for Bitcoin holders. A Big Debut cbBTC hit the market on September 12th and quickly reached…
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MicroStrategy, the company run by Bitcoin enthusiast Michael Saylor, is going all-in on Bitcoin again. They’re planning to raise a whopping $700 million by selling bonds to buy even more Bitcoin. Debt for Bitcoin This new debt will help them pay off some of their existing debt, which is currently secured by a huge chunk…
Last week, crypto investments saw a major comeback, with a whopping $436 million flowing into the market. This is a big change from the previous two weeks, which saw money flowing out. Bitcoin’s Big Win Bitcoin was the main driver of this positive change. After a long period of investors pulling money out, Bitcoin funds…
Bitcoin’s recent decline might seem surprising, given that the Federal Reserve is expected to cut interest rates this week. But, there’s more to the story than meets the eye. Why the Dip? Bitcoin’s price dropped by 2.7% in the past 24 hours, even though the Fed is expected to lower interest rates for the first…
Another Close Call Donald Trump was the target of a second assassination attempt at his golf club in Florida. This time, a man named Ryan Wesley Routh was found hiding in the bushes with an AK-style rifle. Secret Service agents engaged him in a shootout, and he was eventually caught on the highway. Who is…
