On-Chain Data Analysis Data shows that Bitcoin’s long-term holders have reduced their profit-taking after a recent selling spree. Coin Days Destroyed “Coin days” measure the time that a Bitcoin remains dormant on the blockchain. When a Bitcoin is moved, its coin days are reset to zero. The “Coin Days Destroyed” (CDD) metric tracks the total…
Psychedelic Influence and Bitcoin Advocacy At Ohio State University’s graduation ceremony, speaker Chris Pan sparked a mix of confusion and outrage with his unconventional speech. Pan admitted to writing the draft under the influence of ayahuasca, a psychedelic drug. His speech took an unexpected turn when he heavily promoted Bitcoin as a hedge against inflation,…
Crypto analyst Orson Fawley believes Bitcoin’s recent price drop was a “bear trap,” and it’s poised to climb back above $70,000. Strong Recovery Signs Fawley analyzed Bitcoin’s surge over the weekend and subsequent dip on Monday. He noted that the weekend’s surge formed a bullish candlestick, indicating strong buying pressure. This candlestick also broke Bitcoin’s…
SEC Delays Invesco’s Proposal The US Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s Ethereum Spot ETF proposal. This delay adds to the uncertainty in the crypto market. Invesco’s ETF Proposal In October 2022, Invesco Galaxy proposed an ETF that would track the spot price of Ethereum. The ETF aims to…
The Whale’s Big Trade An Ethereum whale made a savvy move last year, buying 12,906 ETH for $24.39 million. Fast forward to today, with Ethereum trading at $3,100, that investment is now worth over $40 million, netting the whale a cool $16 million profit. Staking Rewards Boost But wait, there’s more! The whale staked those…
Ethereum, the second-largest cryptocurrency, has been facing uncertainty after a sharp price drop. Investors are worried as whales (large investors) are selling their Ethereum. Ethereum’s Struggles Ethereum’s price has been volatile, reaching highs in late 2021 but then crashing. It’s now hovering around $3,077, far from its peak. This is making investors, especially whales, nervous….
Ethical Biases in AI Models As AI becomes more advanced, concerns arise about potential biases in the models used to train them. These biases could influence opinions and even manipulate people’s beliefs. Decentralization, while beneficial in some ways, could also exacerbate these challenges if not handled properly. AI Control over Humans With AI becoming more…
Pepe the Frog Leads the Pack A crypto analyst known as Cred believes that Pepe (PEPE), a memecoin featuring the frog character, is currently the strongest altcoin. Despite the recent market correction, PEPE is approaching its all-time high. Dogecoin at a Crossroads Cred predicts that Dogecoin (DOGE) may face resistance if it falls below $0.147….
Over the weekend, crypto whales made their presence felt, accumulating millions of dollars worth of digital assets from Binance, the largest crypto exchange by volume. Whale Withdrawals According to blockchain tracking firm Lookonchain, whales withdrew significant amounts of the following altcoins from Binance on Saturday: Chainlink (LINK) Pepe (PEPE) Uniswap (UNI) Maker (MKR) Ethereum Name…
Crypto analysts are bullish on the future of ENA, an Ethereum-based decentralized finance (DeFi) token. ENA: Patience Pays Off Pseudonymous trader The Flow Horse believes ENA is poised for a significant rally. He notes that the token’s governance token has been undergoing a pullback, similar to other new altcoins. However, he sees a “reliable diagonal…
