Regulatory Crackdown Hong Kong’s crypto landscape is facing a shake-up. HKVAEX, a local exchange, is closing down due to increased regulatory scrutiny. The exchange launched in December 2022 but will shut down by May 1st, 2024. HKVAEX was linked to Binance, but the exchange denied any formal affiliation. Despite this, the closure comes amid a…
Long-Term Holders (LTHs) Selling Despite the recent bullish market, long-term Bitcoin holders (LTHs) have been selling. LTHs are investors who have held their coins for over 155 days. Net Position Change The “net position change” metric tracks the net amount of BTC entering or leaving LTH wallets. A negative value indicates that coins are leaving…
The Dogecoin community is excited for DOGE Day on April 20th. This day celebrates the popular meme coin, which started as a joke but has made a mark in the crypto world. What’s DOGE Day? DOGE Day is a time to show off Dogecoin’s unique spirit. The community embraces its goofy nature and often shares…
Spot Bitcoin ETFs: A Game-Changer Spot bitcoin exchange-traded funds (ETFs) made a splash when they launched in 2024. They brought in over $12 billion in just three months, making them a major player in the crypto market. Initial Surge and Optimism ETFs made it easy for everyday investors to get into bitcoin. They offered a…
A popular crypto analyst known as Bluntz has shared his predictions for three digital assets: Solana (SOL), Jupiter (JUP), and Dogecoin (DOGE). Solana (SOL) Bluntz believes SOL is poised for a surge, having completed an ABC corrective wave against Bitcoin (SOL/BTC). He anticipates a rise to 0.00365 BTC ($254). Jupiter (JUP) The Solana-based decentralized exchange…
Crypto analyst Jason Pizzino predicts that Ethereum (ETH) and altcoins may soon outpace Bitcoin (BTC). Altcoin Rally on the Horizon Pizzino believes the altcoin market is poised for a surge, with the ETH/BTC pair leading the charge. He draws parallels to the previous Bitcoin cycle peak in 2021, where altcoins saw significant gains after a…
MetaMask’s parent company, Consensys, is urging the SEC to approve spot market Ethereum ETFs. They argue that Ethereum’s proof-of-stake system makes it more secure than Bitcoin’s proof-of-work system. Ethereum’s Security Consensys claims that Ethereum’s proof-of-stake mechanism provides better security than Bitcoin’s proof-of-work system. They state that “Ethereum’s PoS implementation meets and even exceeds the security…
The US government has added a staggering $677 billion to its national debt in just three months, according to data from the Treasury Department. The debt has now reached $34.573 trillion, up from $33.896 trillion in December. BlackRock CEO Warns of Urgent Situation Larry Fink, CEO of BlackRock, the world’s largest asset management firm, has…
Whale Activity Dogecoin whales, or large holders, have been on a buying spree. Over the past two weeks, they’ve scooped up a whopping 1.4 billion DOGE, worth about $280 million. This is the biggest two-week accumulation since Dogecoin’s surge in 2021. Impact on Price The whale activity has had a noticeable impact on the price…
Despite struggling to break above $200, Solana is showing strength in the stablecoin sector. Growing Stablecoin Usage On-chain data from Artemis reveals that Solana has been consistently processing more stablecoin transactions than Ethereum. In the past week alone, Solana handled $411.2 billion more in stablecoin volume. MEV Bots and Phoenix Driving Volume Most of the…
