Whales Accumulate Billions Bitcoin whales, investors with large holdings, have been on a buying spree, adding 20,000 BTC (worth $1.4 billion) to their wallets in the past week. This coincides with Bitcoin’s recent surge above $70,000. Institutional Investors Join the Party Institutional investors are also betting big on Bitcoin. Spot Bitcoin ETFs have seen inflows…
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…
Ethereum ETF Approval Sparks Market Movement The approval of Ethereum ETFs has sparked speculation about the cryptocurrency’s price movements. However, large transfers of ETH to exchanges have raised concerns about profit-taking and potential market volatility. Sell-Off Amidst Greenlight? Crypto analyst Ali Martinez points to a transfer of 10,000 ETH by Ethereum founder Jeffrey Wilke to…
MicroStrategy’s Bitcoin Holdings MicroStrategy, a leading business intelligence firm, has been accumulating Bitcoin (BTC) for years. As of May 24, they hold 214,400 BTC, worth over $14 billion. SEC Approves Ethereum ETFs Recently, the US Securities and Exchange Commission (SEC) approved spot Ethereum exchange-traded funds (ETFs). This means institutions can now invest directly in Ethereum….
Analyst Predicts a Surge in Altcoins A crypto analyst has hinted that the approval of Ethereum Spot ETFs by the SEC could unleash a wave of “animal spirits” in the crypto market. This term refers to the irrational exuberance and optimism that can drive financial markets. Altcoins to Benefit from ETF Approval The analyst predicts…
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…
