Deceptive Chats and Illusory Profits South Korean police have arrested 19 individuals linked to a deceptive “crypto reading room” scam. The gang operated a chat room on platforms like Telegram and KakaoTalk, posing as crypto experts and providing seemingly valuable tips. Victims were lured into investing in fake crypto exchanges that housed unlisted coins. Bogus…
Coinbase’s Appeal Request Coinbase is facing a legal battle with the SEC over whether its staking program constitutes an investment contract. Coinbase believes this is a critical legal question that should be addressed by an appellate court. SEC’s Response The SEC argued that the existing Howey Test is sufficient to determine whether a digital asset…
Whales Go on a Buying Spree Following rumors of an Ethereum ETF approval, Bitcoin’s price briefly touched $70,000. Despite the SEC’s approval, BTC fell back below $70,000. However, recent data suggests a possible recovery. Crypto analyst Ali Martinez reports significant buying activity among “whales” (large investors). These whales have purchased over 20,000 BTC ($1.34 billion)…
Bitcoin ETFs on a Roll Bitcoin exchange-traded funds (ETFs) have been on a tear for eight straight days, with over $150 million in net inflows on a single day. This surge shows that investors are flocking to Bitcoin ETFs, making cryptocurrency more accessible and accepted in traditional markets. Ethereum ETFs on the Horizon The excitement…
Ethereum’s price has been stuck in a range between $3,949 and $3,627 for the past few days. This is after a recent rally that saw the cryptocurrency rise over 10%. When prices consolidate like this, it means they’re building momentum to either break above or below the range. It’s hard to predict which way it…
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…
Bitcoin’s price has dipped back to $67,000 after a brief surge above $71,000. Analysts are closely monitoring the situation to determine the cryptocurrency’s next move. Bullish Scenario The recent drop below $70,000 has put Bitcoin in a critical position. However, the current level of $67,000 is crucial for its next steps. Analyst The Signalyst believes…
