Amid the ongoing crypto correction, led by Bitcoin (BTC), Coinbase Global Inc. (NASDAQ: COIN), the largest cryptocurrency exchange in the United States by registered users and daily average traded volume, has been forming a possible reversal pattern. Having risen to a local top around $272 last month, COIN shares have been trapped in a falling …
The FBI urges victims to report scam activities through official channels and provide any transaction information related to the scam.
It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.
Quick Take Data from Trading Economics shows that on today’s latest US jobs data revealed a surprising spike in the unemployment rate, which soared to 4.3%, exceeding the consensus expectation of 4.1%. Non-farm payrolls were particularly disappointing, with only 114,000 jobs added compared to the anticipated 175,000, marking a significant miss. The weak employment report […]
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Worldcoin expands its digital ID verification technology to Austria, offering residents in Vienna access to the World ID system with multiple locations throughout the city.
Former Upbit CEO JP Thieriot publicly endorsed Kamala Harris for President late Thursday via a series of posts on X, causing significant backlash from prominent members of the crypto sector, including popular pro-XRP lawyer Bill Morgan. Thieriot, who stepped down as CEO but remains a Director at Upbit, previously led the company through the controversial […]
Recently, a massive transaction shook the digital currency ecosystem. A prominent whale transferred 400 billion PEPE tokens—worth about $4.22 million—to Binance. Related Reading: GRT Market Signals 12% Drop: Is A Turnaround Possible? Strategically timed among the general negative market mood, this move seems to be a deliberate one for partial profit booking. The whale’s behavior corresponds to the breach of a critical support level around $0.00001075, a key threshold that has lately increased the downward pressure on PEPE’s price. A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour. The whale withdrew 795.92B $PEPE($2.55M at the time) from #Binance on Mar 1 and currently has 395.93B $PEPE($4.18M) left. His total profit on $PEPE is $5.85M, the ROI is 230%!… pic.twitter.com/o7T1ihjoq9 — Lookonchain (@lookonchain) August 1, 2024 Previously active on March 1st, the whale pulled out 795 billion PEPE tokens from Binance, worth $2.55 million. Even with this big withdrawal, the whale still has a decent 396 billion PEPE, which means it has an unrealized profit of $5.85 million, or a 230% return on investment. This amazing financial dance shows how smart the whale is and how dangerous it is to trade PEPE in a market that is always changing. Pepe Technical Study: Negative PEPE is trading at about $0.00001051 as of the most recent report, a 7.5% decline in price over the last 24 hours. Concurrently, trade volume has jumped by 14%, indicating a change in market involvement and investor participation. Technical study shows a pessimistic view of the cryptocurrency despite this higher activity. With forecasts showing a possible 20% collapse in the short future, the recent violation of the important support level of $0.00001075 is expected to propel further drops. The 200 Exponential Moving Average (EMA) suggests PEPE may find support around $0.0000852. Despite the gloomy market, this technical indicator suggests price stabilization. Technical indicators and market dynamics challenge PEPE’s prospects. Liquidation Levels And Possible Rebound The latest development also puts into perspective PEPE’s main liquidation thresholds, which lie on the lower end at $0.000010 and on the upper end at $0.0000118. Should the bearish mood persists, the meme coin may experience a downward motion below $0.000010, forcing the liquidation of around $2.04 million in long bets. Conversely, a shift in market sentiment could result in PEPE falling below $0.0000118, which would result in the liquidation of approximately $13.4 million in short positions. Beyond the current volatility, PEPE projections remain somewhat positive, though short-term forecasts show a significant comeback with an expected 249.99% gain over the following three months. Related Reading: Can Bitcoin Cash (BCH) Go Up 680% This Week? This Analyst Believes So With expected rates of 183.50% over six months and 169.42% over one year, the longer horizon seems as bright. These scenarios could be good news for the popular meme coin as it maneuvers its way into the volatile crypto market, but all things considered PEPE could be headed in the right direction. In essence, the larger projection stays robust even if PEPE has major short-term difficulties and liquidation hazards. The direction of the token will be greatly shaped by the combination of whale movements, technical indicators, and market emotion. Featured image from , chart from TradingView
The Solana network outpaced Ethereum in monthly decentralized exchange (DEX) volume in July, according to DefiLlama data. Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This represents Solana’s second-highest monthly volume, following March 2024’s peak of $60.7 billion. Solana’s volume spike is mainly due to activity on platforms like […]
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Bitcoin recently surged past the $65,000 mark, briefly reaching above $65,300 before a slight pullback brought it close to $64,280. This volatility came on the heels of the Federal Reserve’s decision to maintain interest rates, with future cuts potentially on the horizon. Saylor’s Bitcoin Strategy Proves Effective Reacting to the current sentiment, Michael Saylor, co-founder …
Bitcoin’s network difficulty rose by over 10.5% on Aug. 1, 2024, breaking a three-month-long downward streak to mark a new all-time high.
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The stablecoin market's growth signifies increased liquidity and adoption in the crypto-economy, highlighting Tether's dominant role.
The post Stablecoin market surges past $160 billion, reaching a two-year peak appeared first on Crypto Briefing.
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.
A couple got refunded $10 million rather than $100 and started spending. Years later, they face time in prison for their actions.
The Evolution of Crypto Regulation: Insights from Joey Garcia of Xapo Bank In a recent interview, Joey Garcia, Director and Head of Regulatory Affairs and Public Relations at Bitcoin-focused Xapo Bank, shared his journey and insights into the evolution of digital assets regulation. Joined by CryptoSlate Senior Analyst James Van Straten, Garcia provided a detailed […]
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The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe.
Quick Take Q2 2024 Highlights On Aug. 1, MicroStrategy announced its Q2 results, highlighting a significant milestone as its total Bitcoin holdings reached 226,500 BTC. The company reported several key financial moves in Q2 2024, according to their quarterly presentation, including raising $800 million through 2032 convertible notes, calling $650 million of 2025 convertible notes, […]
The post MicroStrategy to raise $2B with ATM offering as shareholders accrue more Bitcoin per share appeared first on CryptoSlate.
After a drawn-out legal battle spanning over 16 months, the Montenegrin Court of Appeal has finally ruled that cryptocurrency entrepreneur Do Kwon will be extradited to his home country of South Korea, rejecting a parallel extradition request from the United States. Do Kwon One Step Closer To Facing Trial In South Korea Do Kwon, the […]
Polygon (MATIC) recently broke below the crucial support level at $0.5 and is at risk of further price declines. This price drop is thanks to several traders who offloaded their tokens as soon as Polygon reached this support level amid the downtrend in the broader crypto market. Polygon Faces Significant Selling Pressure The Exchange-Onchain Market Depth indicator on the market intelligence platform IntoTheBlock shows that Polygon is currently facing significant selling pressure. Over 90 million tokens were sold after the coin hit $0.5. This indicator tracks the order books of the top 20 exchanges and shows the average price at which traders are looking to buy and sell the token. Related Reading: Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible? Polygon bulls could not defend the crucial support level of $0.5 as further data from IntoTheBlock shows that just over 55 million tokens were bought at an average bid price of $0.49. Meanwhile, Polygon is at risk of further price declines, with data from IntoTheBlock showing that the sell orders continue to outweigh the buy orders. The silver lining amid this wave of sell-offs is that Polygon whales look to have maintained their confidence in the MATIC token and have taken advantage of this price dip to accumulate more tokens. Data from IntoTheBlock shows that large holders’ net flows have increased by over 1,700% in the last seven days, indicating accumulation among these investors. Only 3% of Polygon holders are currently in the money, which could lead to further price drops for the crypto token. If the crypto token doesn’t rebound soon enough, the 96% of investors currently at a loss could cut their losses at some point, thereby triggering another wave of sell-offs for MATIC. Thanks to its bearish price action, Polygon recently dropped out of the top 20 crypto rankings by market cap. Data from CoinMarketCap shows that it is currently the twenty-first largest crypto token by market cap, behind Litecoin. Market Conditions Not Making It Easier For MATIC The current conditions in the broader crypto market have also contributed to Polygon’s recent decline. Bitcoin recently dropped to as low as $63,500 from $69,000, dragging altcoins down in the process. Tokens like MATIC have suffered more significant price drops because of their strong positive price correlation with Bitcoin. Related Reading: Why Did This Crypto Whale Spend $400 Million Buying Bitcoin Yesterday? The flagship crypto has experienced this price decline thanks to the rising tensions in the Middle East, with Iran and Israel at the forefront. However, the market is expected to pick up again soon enough, meaning that tokens like MATIC could enjoy a massive rebound sooner rather than later. The first goal will be for the crypto token to reclaim the crucial support level at $0.5. At the time of writing, Polygon is trading at around $0.48, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
Facing liquidity challenges and security exploits, Kujira plans to establish an Operational DAO to stabilize its ecosystem.
Crypto exchange Bybit is ending operations in France due to recent regulatory issues, according to an Aug. 1 statement. Bybit attributed this move to new regulatory developments from the French regulator, hinting at licensing issues. The exchange expressed hope for a return to the French market once it secures the necessary licenses. It stated: “We […]
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The Ether price has declined 10% since the approval of spot Ether ETFs, with open interest depreciating by over $250 million over the past 24 hours.
Cathie Wood’s investment company ARK sold a total of 69,069 COIN shares worth $14.8 million on Thursday, the biggest single-day sale since May 7. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two months combined. It sold $2.88 million of the shares in June …
The cryptocurrency market continues to stumble as Bitcoin price continues hovering close to its $64,000 mark. Moreover, top altcoins have displayed a similar price trend by losing significant value to their respective portfolios. However, mid-cap altcoins have recorded increased bullish price sentiment, highlighting an increase in the buying-over-selling pressure for these crypto tokens in the …
After opening August with a bearish outlook, Bitcoin’s (BTC) price continued to bleed in the past 24 hours. The flagship coin had slipped more than 2 percent to trade at about $63,981 on Friday during the early European session. The altcoin industry followed the same trend, pushing the total crypto cap to around $2.39 trillion. …
Despite Grayscale’s Ethereum Trust experiencing cumulative outflows exceeding $2 billion, daily net inflows into U.S. spot Ethereum ETFs have turned positive. Many crypto analysts believe that Ethereum ETF will soon follow the Bitcoin path. Here’s what you need to know. BlackRock’s ETHA ETF Shows Positive Momentum Spot Ether ETF flows have been erratic this week, …
The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could "make a difference in key battleground states," OMFIF wrote.
As the meme and AI tokens are on a sloping hill, the supply surge in Bitcoin and Ethereum fuels the FUD run. Amid the scarcity of bullish momentum, the AIOZ price trend struggled to sustain the uphill journey. With a potential relief in the coming days, the AIOZ token could prolong the breakout run. So, …