Contributions to Michelle Bond’s 2022 congressional campaign were part of a criminal investigation into her partner, Ryan Salame.
Anthropic has launched Claude 3.5 Sonnet, the latest addition to its AI model lineup, claiming it surpasses previous models and competitors like OpenAI’s GPT-4 Omni. Available for free on Claude.ai and the Claude iOS app, the model is also accessible via the Anthropic API, Amazon Bedrock, and Google Cloud’s Vertex AI. Claude 3.5 Sonnet is […]
The post Claude 3.5 sets new AI benchmarks, beating GPT-4o in coding and reasoning appeared first on CryptoSlate.
On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal. Heavy Trader Shorting Could Lead To Price Rises For Cardano And XRP Santiment claimed in an X (formerly Twitter) post that the heavy trader shorting which Cardano and XRP are currently seeing could be the “rocket fuel” for continued price rises for these crypto tokens. Santiment had also revealed that Cardano and XRP were among the most notable altcoins that are heavily shorted following their relief bounces. Related Reading: Ethereum Price To Hit $10,000, ‘Just The Way The Chips Have Fallen,’ Analyst Says Interestingly, they called this a “good sign” for the patient bulls, as they believe that liquidation of these short positions could effectively be the momentum that these crypto tokens need to rise higher. Cardano and XRP being named among the most shorted altcoins isn’t surprising, considering that they are the most underperforming coins this year among the top 50 crypto tokens by market cap. Cardano and XRP have also usually failed to enjoy significant relief pumps even when Bitcoin (BTC) and the broader crypto market enjoy a massive rebound. However, this time could be different, as Cardano and XRP have enjoyed a modest price recovery while some other altcoins lag. Data from Coinglass shows that Santiment’s theory could already be in play, seeing how the Cardano and XRP bears have suffered significant losses in the last 24 hours. Over $50,000 in Cardano short positions have been liquidated during this period, while not a single cent in Cardano long positions have been liquidated. Similarly, over $30,000 in XRP short positions have been liquidated while XRP longs were unaffected. A Major Move Might Be On The Horizon For XRP Crypto analyst Egrag Crypto recently predicted that XRP could enjoy a price pump of around 1,700% starting in July. He alluded to XRP’s quarterly hammer formation between April and June 2016 and July and September 2017 before the crypto token enjoyed a major pump. The crypto analyst stated that XRP could form this bullish pattern again but needed to close the 3-month candle above the range between $0.55 and $0.58 in 10 days. Related Reading: Dogecoin Weighted Sentiment Drops To 2024 Lows, What Does This Mean For Price? Egrag further claimed that if the hammer formation is similar to the one in 2016, the XRP could begin the projected 1,700% price rally in July, eventually sending the crypto token to $8. However, if the hammer formation is similar to the one in 2017, Egrag mentioned that XRP holders might have to wait another six months before the “epic” pump of around 5,500%, sending XRP’s price to $27. Featured image created with Dall.E, chart from Tradingview.com
Both AI-tokens Fetch and SingularityNET staged a strong price recovery after a three-month downtrend.
Bitcoin bulls' hopes are dashed once again as liquidity grabs erase the latest BTC price recovery.
Criminal organizations in Mexico have been using several popular digital assets to buy the materials needed to make the drug fentanyl, according to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), which cited the use of bitcoin and other tokens in a Thursday advisory.
Analysts at Bernstein predict Bitcoin price to hit $200,000 by 2025 and $1 million by 2033.
Quick Take Let’s examine the share price performance of publicly traded companies that have adopted Bitcoin (BTC) as a treasury asset, excluding mining companies. The most notable example is MicroStrategy, which adopted BTC in August 2020. At that time, its share price was around $130. By March 2021, it soared to $1,300. Despite hitting a […]
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The CFTC is investigating Jump Crypto's trading and investment activities in the crypto industry amid recent market turmoil.
The post Jump Crypto under CFTC scrutiny for its market practices appeared first on Crypto Briefing.
Bitstamp lists BONK, expanding its crypto reach as Robinhood plans a $200 million acquisition to enhance its offerings.
The post Bitstamp lists BONK amidst Robinhood’s acquisition plans appeared first on Crypto Briefing.
The firm currently develops Solana's only SDK designed to onboard GameFi developers to the blockchain.
Two researchers at Web3 Foundation, the organization behind Polkadot, are requesting comments on a proposal to reduce the unbonding time for staked DOT tokens. Alistair Stewart, the head of research at the Web3 Foundation, and Jonas Gehrlein submitted the proposal to the Polkadot Fellowship committee on June 19. The proposal The proposal introduces a flexible […]
The post Polkadot researchers propose major change to staked DOT unbonding process appeared first on CryptoSlate.
Tyler Warner (Tyler Did It) convinced himself he was a rock star trader in the bull market but failed to hold on to his gains: NFT Collector.
The Commodity Futures Trading Commission (CFTC) has launched an investigation into the Chicago-based trading firm Jump’s participation in the crypto market, focusing on its trading and investment activities, according to an undisclosed source familiar with the matter, as reported by Fortune Magazine. Hacks And Collapses Haunt Jump Trading The investigation comes after a tumultuous period […]
Kraken has recovered nearly $3 million from blockchain security firm CertiK, concluding a controversial bug bounty incident.
The post Kraken recovers $3M from CertiK, ending contentious bug bounty incident appeared first on Crypto Briefing.
The current state of the Bitcoin market offers a mix of optimism and caution for investors. Over 87% of Bitcoin holders are in profit, with their investments valued higher than their initial purchase prices. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? On average, these investors are seeing unrealized gains of 120%, a significant figure that reflects the substantial rally that pushed Bitcoin to its all-time high in March, according to Glassnode data. However, despite these gains, the market exhibits both encouraging long-term trends and some short-term uncertainties that merit closer examination. Profitability And Market Metrics The profitability among Bitcoin investors is notable. The MVRV (Market Value to Realized Value) metric, a key indicator of market sentiment, remains comfortably above its yearly baseline. This metric measures the ratio of Bitcoin’s market value to its realized value and serves as a gauge of average unrealized profit across the market. A high MVRV ratio indicates that most investors are sitting on substantial unrealized gains, painting a positive picture of the market’s health. This upward trend contrasts with the recent price volatility, underscoring the resilience of long-term investors who bought the dip and are now seeing their foresight rewarded. Reduced Trading Activity And Demand Despite the overall profitability, the Bitcoin market is experiencing a notable reduction in trading activity. The vibrant speculative trading that once characterized the market has significantly diminished. Day traders, who previously capitalized on price swings, have retreated, resulting in reduced trading volumes and tepid demand. This lack of speculative trading has led to a stagnation in Bitcoin prices, which are now confined to a well-defined range. The market’s current state can be likened to a calm period after a storm, where activity is subdued, and prices sway gently without significant movement. Investor Caution And Market Sentiment The reduced trading activity reflects a broader sentiment of caution among investors. The current period of consolidation suggests that many investors are taking a wait-and-see approach, carefully assessing the market landscape before making any decisive moves. This cautious sentiment is further evidenced by on-chain data showing a significant decrease in the flow of Bitcoin into exchanges. Typically, an increase in Bitcoin transfers to exchanges is a precursor to selling activity, as holders look to liquidate their positions. The current decline in these transfers indicates that both short-term and long-term holders are refraining from selling, preferring to hold onto their assets. Related Reading: SEC Drama Fuels XRP Rally: Open Interest Skyrockets Short-term holders, who once actively traded Bitcoin for quick profits, are now transferring significantly fewer coins compared to the peak levels seen in March. This behavior suggests a shift towards a more conservative strategy, possibly in anticipation of future price movements. Long-term investors, on the other hand, appear content to maintain their positions, exhibiting confidence in Bitcoin’s long-term potential despite the short-term market stagnation. Featured image from Adobe Stock, chart from TradingView
The digital asset market has begun transitioning from early adoption to mass adoption. A sea change in industry leadership, product development and fiduciary commitment swept crypto in 2023 and early into 2024.
Polkadot's new RFC-0092 proposal aims to reduce the unstaking period from 28 days to just two days, enhancing user experience and maintaining network security.
Bitcoin miners, the backbone of the world’s largest cryptocurrency, are experiencing a dramatic shift in their behavior. Data from IntoTheBlock reveals a surprising trend: miner reserves have sunk to their lowest level in 14 years, raising concerns about the future of Bitcoin mining. However, a closer look suggests this might be a case of shrewd […]
CertiK has returned the funds to the Kraken exchange, putting a happy end to the bug bounty-related saga.
Certik has returned the funds to Kraken exchange, putting a happy end to the bug bounty-related saga.
Worldcoin’s WLD token jumped by more than 12% to over $3 the past day after the project scored significant victories in different jurisdictions. Worldcoin is a proof-of-personhood crypto project that has faced scrutiny and controversy worldwide since its launch due to its facial data collection. These challenges have significantly impacted the WLD token, down more than […]
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Bitwise's new ad humorously contrasts Ethereum's constant availability with traditional finance's limited hours, as Ether ETF nears launch.
The post “People can access me 24/7:” Bitwise Ethereum ad pokes fun at traditional finance appeared first on Crypto Briefing.
The post Now Is the ‘Best’ Time to Stack Altcoins Because This is the Last ‘Dip’: Analysts Issue Warning appeared first on Coinpedia Fintech News
Altcoins have begun to perplex analysts and investors alike, lacking clear indications and seemingly stuck in a rut. Nevertheless, let’s delve into the perspectives of analysts who are eager to decipher what’s happening. Analyst Moustache expressed optimism on X, foreseeing potential for altcoins in 2024. He noted similarities in the current chart patterns to those …
Gary Gensler’s SEC has halted its investigation into whether Ether is a security. What could have motivated the SEC withdrawal, and is the fight over?
Millions of manufacturing jobs are going unfilled, says the CEO of GrayMatter, which today announced raising $45 million to expand its manufacturing efforts.
Blockaid CEO Ido Ben-Natan told Cointelegraph that the product allows developers to integrate the solution through an API, avoiding the need to develop security measures from scratch.
The Cardano decline in the past week seems to be coming to an end, as evidenced by on-chain data. While the overall crypto market has been in a slump, Cardano is starting to buck the trend. ADA, Cardano’s native token, has seen a huge surge in on-chain transactions from large holders, indicating sporadic activity and interest in the blockchain. Notably, transaction data shows that Cardano has registered over $10 billion worth of large transactions in the past 24 hours, representing a 26% increase within the time frame. Furthermore, this puts the worth of ADA large transactions at $32.54 billion in the past seven days. Cardano Large Transactions Climb To $10 Billion in 24 Hours Cardano, like most altcoins, has been going through a turbulent price action since the beginning of the month. This decline was further exacerbated by Bitcoin’s drop below $65,000 in the past 48 hours. However, Cardano now seems to be building bullish momentum, particularly from large holders. In the past 24 hours alone, 27.17 billion ADA, amounting to $10.43 billion, was traded between large holders, according to ITB. Related Reading: Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target Interestingly, the number of Cardano large transactions jumped to 851 in the past 24 hours, which is a 107% increase from 410 of such transactions recorded on June 16th. IntoTheBlock’s large transaction metric measures the number of transactions larger than $100,000 on the blockchain. It’s worth noting that while activity from this cohort has grown in the last 24 hours, it remains considerably below the transaction peak of 95,730 set on May 29. Can The Activity Push ADA To $1? With activity from large holders starting to increase, a natural question is whether this can translate to significant price appreciation for ADA. Many analysts think ADA still has plenty of room to run if the crypto market recovers and turns bullish again. Cardano, for one, now has its 30-day MVRV ratio at -12.6%, which is a very bullish indicator for a bounce in the short term. Related Reading: Dogecoin Weighted Sentiment Drops To 2024 Lows, What Does This Mean For Price? At the time of writing, ADA is trading at $0.3915 and is up by a meager 0.45% in the past 24 hours. Interestingly, recent price action shows ADA bouncing off a 7-month low of $0.3685 on June 18. The journey to $1 seems tough at the moment, and there are many price resistance levels to overcome. The first step is to push above the $0.400 resistance level. Failure to push above could lead to the start of another decline to $0.37. However, ADA reached an all-time high of $3.10 in September 2021, so reclaiming $1 is not yet out of the game. Featured image created with Dall.E, chart from Tradingview.com
The post Why is Bitcoin Price Up Today? appeared first on Coinpedia Fintech News
Bitcoin’s market saw a quick recovery today following a period of bearish trading near $65,000. The market cap surged to $1.3 trillion, marking a notable 24-hour gain of almost 1.5%. As BTC prices jumped from a low of $65,000 to surpass $66,400, the sudden increase left many investors wondering about the reasons behind this turnaround …
Fair launch tokens could help the industry return to the true ethos of crypto, according to Arweave's founder.