Ethereum (ETH) price might face another decline following reports that Jump Trading, the crypto division of a Chicago-based trading firm, has unstaked 11,500 ETH, worth $29 million. These funds have been moved to a known wallet, possibly indicating upcoming deposits to centralized exchanges. Jump Trading Unstake $29 Mln in ETH According to Spot On Chain, …
This breach and subsequent laundering activity highlight the ongoing risks faced by centralized exchanges, even those with robust security measures.
Significant ETH movements by large holders could signal market volatility and impact investor confidence, potentially influencing broader crypto trends.
The post Ethereum large holders move $2 billion in ETH in two hours appeared first on Crypto Briefing.
PeckShield, a blockchain security firm, reported on X that the decentralized finance platform Nexera had suffered a loss of 47 million NXRA tokens, valued at approximately $1.76 million. The hacker has already exchanged 14.7 million NXRA tokens for around $450,000 in USDT. Before this, blockchain security company Cyvers Alerts detected suspicious transactions related to Nexera’s …
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The Ether bottom could be in, as market makers like Jump Trading are running out of ETH to sell.
Morgan Stanley gave thousands of financial advisers the green light to solicit eligible clients to purchase spot Bitcoin exchange-traded funds as soon as next week. The company in a memo told its 15,000-strong adviser base they can offer some clients to buy either BlackRock Inc.’s iShares Bitcoin Trust (ticker IBIT) or the Fidelity Wise Origin …
Bitcoin bulls have their work cut out, and the weekly close is the first hurdle — the BTC price rebound must flip $59,000 to support.
Market experts and technical indicators imply that XRP might break out in a positive way. After a short rise and retracement, the cryptocurrency has been trading at levels that indicate a break in consolidation. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss At the time of writing, XRP was trading at $0.5149, up 1.1% in the last 24 hours, but sustained a 19.7% drop in the last seven days, data from Coingecko shows. Javon Marks, a crypto analyst, has identified numerous significant technical indicators that support the optimistic outlook for the coin, despite it shedding a lot of value in the weekly frame. A symmetrical triangle structure is frequently observed in his chart analysis, which is frequently linked to substantial price increases. $XRP recently broke out temporarily which looks to have been only an attempted breakout but, between Price Action and the RSI, there are patterns still present through bull divergences that can suggest a successful bullish breakout to be on the horizon! On a conservative note,… https://t.co/BCrp9CwT6i pic.twitter.com/XGGiv0nBDp — JAVON⚡️MARKS (@JavonTM1) August 6, 2024 The MACD and RSI indicators both have levels that indicate a bullish divergence. The resiliency and upward trajectory of XRP are on display in these numbers. Expect Short-Term Gains Over the next seven days, XRP is expected to show an uptick, indicating a positive short term perspective. Based on information from the crypto prediction tool CoinCheckup, XRP is trading 20.98% below the expected price for the next month right now. Technical signs, however, show a bullish change just ahead. Rising purchasing pressure and the present price levels point to the coin maybe being set to surpass its recent resistance levels. The RSI and MACD both provide indications of positive momentum, therefore supporting the possibility for upward movement. Analysts think this might result in a successful breakout effort, driving XRP to fresh highs in the not too distant future. Projected Medium-Term Growth Looking further into the near future, XRP has similarly bright medium-term potential. Reflecting great market confidence and investor interest, CoinCheckup’s study projects a 22.68% price rise over the next three months. This predicted expansion fits rising acceptance of cryptocurrencies and more general market patterns. Based on a thorough investigation, Marks’ symmetrical triangle formation shows that XRP maybe preparing for a notable price movement. This pattern, along with positive divergent RSI readings, suggests that XRP has the ability to break out from its present period of consolidation and go very significantly higher. XRP: High Price Targets With a one-year growth estimate of 103.77%, long-term XRP estimates remain quite positive. This continuous rise points to XRP as a useful altcoin for those looking for both quick profits and long-term development. Growth projections climb sharply to 180.60% over a six-month period, therefore indicating the prospect for significant increases. More ambitious projections, including those from Marks, indicate that XRP may see its price rise to between $15 and $18, therefore reflecting a huge gain of over 2,101%. Such forecasts rely on technical analysis patterns and past market behavior that have lately shown large price swings. Related Reading: Aave Protocol Unfazed By Market Jitters, Surges 21% Further driving these increases are the growing acceptance and integration of the wider cryptocurrency industry into conventional financial institutions. The liquidity and trading volume for XRP are projected to increase as institutional investors and large-scale traders become more engaged, thereby maybe driving even more notable price swings. These metrics emphasizes XRP’s transformative power in the changing digital asset scene as well as its appeal as a high-reward investment possibility. Featured image from Pexels, chart from TradingView
Here’s how the indicators related to the Bitcoin derivatives market have changed following the latest cryptocurrency crash. Bitcoin Open Interest And Estimated Leverage Ratio Have Both Dropped In a CryptoQuant Quicktake post, an analyst talked about how the metrics related to the derivatives market have looked like recently. The indicators in question are the Open […]
On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.
Lookonchain said that Cumberland has already injected nearly $6.28 billion into the crypto markets since October 2023.
The ORDER token of Orderly Network, an on-chain liquidity provider, is being offered as the first on the market, with prices down 5% since its listing at 8 A.M. UTC.
Cryptocurrency exchange OKX has announced the delisting of a large number of spot trading pairs as part of its ongoing efforts to maintain a high-quality trading environment. Affected pairs will be removed on August 9, 2024. OKX has decided to delist the following trading pairs: MSN/USDT, OMN/USDT, REP/USDT, BTC/EURT, ETH/EURT, EURT/USDT, IGU/USDT, PCI/USDT and SLN/USDT. …
Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying token SOL, recovered from losses from earlier in the week. Cat-themed pop cat (POPCAT) and dogwifhat (WIF) surged as much as 25%, before slightly retreating, while MUMU and cat dog (CATDOG) …
Former President Donald Trump made waves at the recent 2024 Bitcoin Conference in Nashville when he pledged to “make crypto great again” – including firing the Securities and Exchange Commission (SEC) Chair on his first day back in the White House. Trump’s promise to oust the crypto-skeptic Gary Gensler resonated with many in the crypto industry who […]
Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red Monday,’ Eric Balchunas, a Bloomberg Senior exchange-traded fund (ETF) analyst, revealed in a post uploaded earlier today that investors of BlackRock’s crypto fund, IBIT, maintained their holdings without flinching. Related Reading: Bitcoin Rebounds Past $56,000, Ethereum Over $2,500: Key Factors Unshaken By Market Meltdown According to Balchunas, during this chaotic period whereby panic selling may be seen as the norm, BlackRock investors particularly showcased a strong level of resilience by not liquidating any portion of their cryptocurrency holdings. What makes this more interesting is that these same investors had already endured about an 8% loss the previous week and were facing additional losses during the Bitcoin market crash. Balchunas noted: Compared to some of these degens these boomers [Blackrock investors] are like the Rock of Gibraltar. You guys are so lucky to have them. Balchunas further reported that although BlackRock registered a minor 0.3% total outflow from its assets under management (AUM) during this period, it is relatively small compared to the overall market movements. Interestingly, a third of these outflows were attributed to Grayscale’s Bitcoin Trust (GBTC), which faced challenges during the same period. Furthermore, Balchunas speculated that although the immediate reaction to the market downturn was more subdued than expected, the week might still see more significant capital withdrawals, potentially reaching the billions. Balchunas noted: I could see some more outflows this week. I was thinking a couple billion would leave, maybe 5%, which means 95% hung tough which would be strong. So far tho looking much stronger than that. Even I’ve been surprised by the HODL ability of the boomers and equally surprised by the weakness of the natives. My lord you finally have ETFs here bringing in $17b and you can’t just chill? Bitcoin Current Recovery And Outlook Following the recent dip in Bitcoin comes a notable recovery, which started earlier today. So far, Bitcoin has increased to as high as $56,957 in the early hours of today before retracing slightly to trade at $56,672, at the time of writing, up by 3.6% in the past 24 hours. Related Reading: Bitcoin MVRV Lowest Since FTX Crash, Signal To Buy? According to prominent crypto analyst Ali, Bitcoin has formed a “rising wedge, a pattern often linked to downtrends.” Ali projected that Bitcoin might surge to “$56,000-$57,000 at the wedge’s upper boundary.” However, a possible plunge to $51,000 should still be watched out for. In the short term, #Bitcoin forms a rising wedge, a pattern often linked to downtrends. Though $BTC might climb to $56,000-$57,000 at the wedge’s upper boundary, watch for a potential breakdown that could pull #BTC back to around $51,000! pic.twitter.com/qwBvwwHNnO — Ali (@ali_charts) August 6, 2024 Featured image created with DALL-E, Chart from TradingView
Diving into the exciting blockchain world, Ripple is making big moves in the Middle East by teaming up with DIFC. On August 7, Ripple, a prominent blockchain payments firm, announced a significant partnership with the DIFC Innovation Hub in the UAE. This strategic partnership reflects Ripple’s goal to tap into a massive $204 Million market …
Elon Musk has taken to X to share a critical statement about Kamala Harris in the latest development. He noted that Kamala is quite literally a communist. He added that she wants not merely equal opportunity, but equal outcomes. He commented by sharing a video of her where she stresses equitable distribution while noting that …
According to a blockchain data tracking service, Jump Trading has moved large amounts of ether to an address previously used to deposit coins to centralized exchanges.
The broader market experiences a surge in demand for altcoins, and the altcoins market reclaims the $850B capitulation. Amid the top performers, many signal a high potential extended rally this week for bigger gains. Amidst the top names, Solana, Jupiter, and Toncoin reveal a bull run ahead with increased interest from buyers. So, let’s take …
Technology should transcend the political divide, Coinbase’s Chief Legal Officer says.
Nexera’s token contract has been paused and the team advises crypto investors to stop trading the NXRA token.
On-chain data shows Bitcoin HODLers are still able to sell at a profit while the weak hands are going through a major capitulation event. Bitcoin Diamond Hands Still Comfortably Selling At A Profit As pointed out by CryptoQuant Head of Research Julio Moreno in a new post on X, the BTC short-term holders have capitulated […]
In a notable development, BlackRock, one of the world’s largest asset managers and ETF issuers, has collaborated with the Nasdaq Stock Market in a move to introduce options for its Ethereum ETF recently approved by US regulators. 2025 Decision On Ethereum ETF Options Proposal The filing with the US Securities and Exchange Commission (SEC) outlines BlackRock’s proposal to amend Options 4, Section 3 to allow for options trading on the iShares Ethereum ETF Trust. Related Reading: 3 Reasons To Buy XRP Now: Crypto Analyst Shares Bullish Forecast Per the filling, if approved, options on the Trust will adhere to the Exchange’s existing rules for ETF options trading. These rules govern various aspects such as listing criteria, expirations, exercise prices, margin requirements, and trading halt procedures, ensuring a standardized approach to trading options on the Trust. The filling further reads: ….The Exchange believes that offering options on the Trust for trading on the Exchange will promote competition by providing investors with an additional, relatively low-cost means to hedge their portfolios and meet their investment needs in connection with spot ether prices and ether related products and positions However, Bloomberg ETF expert James Seyffart noted that the introduction of options on BlackRock’s Ethereum ETF is subject to regulatory approval not only from the SEC, but also from the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC). Seyffart expects a final decision from the SEC around April 9, 2025. Key Levels To Watch For ETH’s Price This development, if approved by the SEC, would give investors further exposure to the second largest cryptocurrency on the market. However, in the near term, ETH needs bullish catalysts to break out of the downtrend witnessed especially on Monday, when the token retraced over 20% following global economic uncertainties and increased selling pressure. Related Reading: Bitcoin Sellers Running Out Of Coins As Dominance Hits 3-Year High At the time of writing, ETH is trading at $2,488, up 1.8% over the past 24 hours, after plunging to a low of $2,112, a level not seen since January 2023 on Monday. This level is key as crypto analyst Trading Tank, in a recent social media post on X (formerly Twitter), claims that as long as ETH remains above $2,400, further price recovery could be seen in the near future for the second largest cryptocurrency on the market. Trading Tank also highlighted the $2,575 level as crucial for another leg higher to test its first resistance to climb to higher levels at $2,690 on the ETH/USDT daily chart. In the scenario in which ETH could breach this barrier, the next hurdle to watch is noted by the $2,910 resistance level, which is imperative to reclaim the $3,000 milestone. Featured image from DALL-E, chart from TradingView.com
With the global crypto market cap has risen by 4.66% to $2.03 trillion, although the total trading volume has decreased by 39.85% to $99.79 billion. Big investors have begun to put in more money, and there have been large transactions with Tether’s stablecoin, USDT. Meanwhile, Cumberland, a major player in the crypto industry, has injected …
CoinShares' total assets under management almost doubled from $2.7billion to $5.3 billion.
Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency.
The hacker’s use of Tornado Cash marks the first movement of the stolen Unizen funds since March, heightening security concerns.