Why Bitcoin Is Falling, According to Willy Woo

Early Investors Selling On-chain analyst Willy Woo says that early Bitcoin investors, known as OGs, are selling their holdings in large numbers. These OGs hold more Bitcoin than all exchange-traded funds combined. Paper Bitcoin Woo also blames the futures market, or “paper Bitcoin,” for exacerbating the selling pressure. Futures markets allow people to buy and…

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Bitcoin Guru Predicts $8 Million Price Tag

Saylor’s Bold Prediction Michael Saylor, a big fan of Bitcoin, has made another bold prediction: Bitcoin could hit $8 million per coin. He shared this at a recent event in Prague, leaving the crypto world buzzing. Missed Opportunities Saylor admitted that he was hesitant about investing in Bitcoin in 2013. He thought it was just…

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Bitcoin Buying Surge on HTX Exchange

Spike in Taker Buy/Sell Ratio Crypto analysts have noticed a surge in the Bitcoin taker buy/sell ratio on the HTX Exchange. This means that more traders are buying coins at higher prices, indicating increased buying pressure. Implications for BTC Price Analyst Ali Martinez believes this buying surge could signal an upcoming price increase for Bitcoin….

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FTX Estate’s Battle for SBF’s Forfeited Assets

Competing Claims Emerge The FTX Debtors’ Estate is facing claims from various parties over the ownership of assets forfeited by Sam Bankman-Fried (SBF) after his conviction for fraud and money laundering. The Estate’s Claim The estate claims a superior right to these assets, including: Proceeds from Robinhood shares Funds in FTX accounts Funds in Binance…

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Solana NFT Platform Soars Amid Market Slump

Despite the crypto market’s recent sideways trend, a Solana-based NFT platform has seen a surge in activity, leading to a 30% increase in its native token’s value. Increased On-Chain Activity Metaplex (MPLX) has reported a record number of unique wallets interacting with its protocol in May, with over 834,000 direct transactions. Additionally, 3.1 million new…

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Central Banks Race to Explore Digital Currencies

A recent survey by the Bank for International Settlements (BIS) reveals that 94% of central banks are investigating the creation of their own digital currencies (CBDCs). Wholesale vs. Retail CBDCs The BIS survey found that most central banks are exploring both retail and wholesale CBDCs. Retail CBDCs are designed for everyday transactions by individuals, while…

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Gemini Settles with New York Attorney General for $50 Million over Fraud Allegations

Investigation Uncovers Undisclosed Risks New York Attorney General Letitia James has reached a $50 million settlement with cryptocurrency exchange Gemini over allegations of fraud. The settlement aims to recover assets for investors who were allegedly defrauded through Gemini’s Earn program. The investigation found that Gemini knew about the risks associated with its partner, Genesis, but…

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