The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 1 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
China, a country known for its stringent regulations against cryptocurrencies, has recently witnessed a new instance of cryptocurrency-related fraud. This rise in fraud is particularly noteworthy for China, given that while other countries embrace the crypto industry, China chose to implement a nationwide ban on cryptocurrency activities. Unraveling the Scam: A Detailed Breakdown According to […]
Today, a whale has deposited 400 Billion PEPE memecoins worth $4.22 Million to Binance to book profits. Notably, this whale withdrew 795.92 Billion Pepe tokens from Binance on 1st March which were valued at $2.55 Million at that time. Currently, this whale has 395.93 Billion Pepe tokens worth $4.18 Million. Through this trade, it has …
Polymarket might add fees to its platform in the future, but it is currently focused on growing the marketplace, according to the CEO.
Quick Take According to data from FRED, the Federal Reserve’s balance sheet has expanded significantly since 2002, growing from $720 billion to $7.2 trillion. This represents a Compound Annual Growth Rate (CAGR) of 11% over 22 years. Interestingly, a recent insight from CryptoSlate indicates that the S&P 500 has also experienced a similar CAGR of […]
The post Potential for Fed balance sheet to hit $17 trillion in future crises examined appeared first on CryptoSlate.
Solana is one of the top performers in the top 10, looking at the performance over the last year of trading. After plunging to around $8 after the collapse of FTX, prices went on to recover steadily throughout 2023 before rising to as high as $210 in March 2024. Is SOL Ready For The “Mania-Like Stage”? While SOL prices are cooling off at spot rates, retracting from this week’s highs, some analysts are confident. Taking to X, one analyst believes the coin is within a breakout formation after clearing above a re-accumulation structure. For what’s there, SOL, the analyst added, is “ripe to push higher.” Related Reading: Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’ – Here’s Why If bulls flow back, reversing recent weakness, Solana could easily glide higher, entering what the analyst described as a “mania-like stage.” Looking at the SOL candlestick arrangement, the analyst predicts that SOL will rip higher, breaking above the all-time highs of around $260 recorded in 2021. Afterwards, the coin is highly likely to scale out aggressively. By the trader’s estimation, Solana can quickly rally to as high as $600 if buyers take over. Still, only time will tell whether Solana Bulls have what it takes. From the SOLUSDT chart, the coin gained nearly 40% after sinking to as low as $122 in July 2024. There is a double top at around $190, though more obstacles lie at around the $200 to $210 resistance zone. Technically, SOL is within a bullish formation. If prices stay above $160, the resulting momentum could propel the coin above the immediate liquidation zone, spurring more demand. Solana Finds Rapid Adoption, Flips Ethereum In Key Metrics Possible drivers would be fundamental factors, especially in the adoption and regulatory development fronts. Increasingly, more meme coin projects are launching on Solana, taking advantage of the platform’s high throughput and low fees. Related Reading: Market Experts Update Ethereum Predictions: Is A 1,400% Rally To $50,000 Possible? The proliferation of meme coins on the modern blockchain has also pushed DEX activity higher, challenging, and, in some instances, surpassing those posted on Ethereum. By the end of last week, Solana, one analyst observed, surpassed Ethereum in total gas fees and maximum extractable value (MEV) tips. Despite these impressive metrics, BlackRock is hesitant to embrace SOL and launch spot ETFs in the coming days. A BlackRock executive said the company’s current focus is on spot Bitcoin and Ethereum ETFs since they align with their investment criteria. Feature image from DALLE, chart from TradingView
In the bullish case, Bitcoin’s ultimate price could surpass $24 million per coin, but global adoption still needs to grow by at least fourfold.
Bitcoin's Bollinger bandwidth has narrowed to levels that have historically preceded volatility explosions.
Pseudonymous blockchain forensic analyst Boring Sleuth has claimed that the wallet which was recently involved in the exploit was once linked to This statement has created a lot of debate regarding the security measures of large Cryptocurrency trading platforms. Historical On-Chain research On Twitter, Boring Sleuth, an on-chain blockchain forensic analyst tweeted, ‘Based on the …
Token Unlocks data shows that several crypto projects—Avalanche, Wormhole, Aptos, Sandbox, Arbitrum, Optimism, and others—are set to unlock tokens valued at about $1 billion in August. Approximately $260 million will be released in the first three days of the month. Crypto projects frequently plan token unlocks to control asset supply and prevent market oversaturation. This […]
The post Avalanche anticipates ‘most bullish unlock’ amid broader market $1 billion in token release appeared first on CryptoSlate.
Over a month after teasing a fresh start, Notcoin has launched a new Telegram-based game with a ‘WOOF’ token.
Qiibee CEO and founder Gabriele Giancola argued that brands must fully commit to Web3 to reap its benefits.
The crypto market is on the brink of a significant shift as we approach 2025. The Altcoin Daily Analyst Austin predicts that potential policy changes could spark a major rally in altcoins, particularly with a possible pivot in the Federal Reserve’s policy rate expected in September. This pivot could drive explosive growth in the crypto …
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.
On-chain data shows the Bitcoin network is finally witnessing a major influx of new users after hitting multi-year lows in adoption earlier in the year. Bitcoin New Addresses Has Reversed Trend Since June Bottom According to data from the market intelligence platform IntoTheBlock, Bitcoin has been seeing growth in daily new addresses recently. A “new […]
These new models offer additional tools for developers and researchers, contributing to ongoing efforts toward a secure and transparent AI future.
Chainsleuth Zachxbt recently investigated the convicted UK hacker Gurv (Gurvinder Bhangu) and found that he was involved in the recent hack of X accounts of celebrities Sydney Sweeney and Bob Odenkirk, which siphoned $530K Solana meme coins. The Sydney Sweeney incident On July 2nd, the Twitter (X ) account belonging to actress Sydney Sweeney was hacked through …
Bitcoin liquidity is attempting to prevent a deeper BTC price retracement against a background of lower highs.
Crypto projects lost $278.8 million to exploits and hacks in July—the second-highest monthly loss this year—according to blockchain security firm CertiK. CertiK pointed out that the losses were primarily due to exit scams, flash loans, and other exploits. However, $7.8 million of these stolen assets were recovered, reducing the net loss to $270.9 million. The […]
The post Crypto projects lose $278 million to July hacks, second-highest in 2024 appeared first on CryptoSlate.
Two market experts recently revised their predictions for Ethereum, with one claiming that the second-largest crypto token could rise to as high as $100,000. Interestingly, these ultra-bullish predictions align with some predictions made by financial institutions. Ethereum To Rise To $50,000 Ethereum maximalist Adriano Feria predicted in an X (formerly Twitter) post that Ethereum could reach $50,000 in this market cycle. He made this bold prediction in response to Ethereum developer Eric Conner’s prediction that ETH will reach $35,000 this cycle. Conner had initially predicted that ETH would rise above $20,000 in this bull run but eventually revised his price target because of the “ETH hate” he was receiving following his prediction. Related Reading: This PEPE Holder Cohort Is The Reason Price Is Struggling To Reclaim $0.00002 Meanwhile, Feria followed Conner’s footsteps and upped his ETH price target, predicting the crypto token to reach $100,000. He explained that the hate ETH was getting made him realize that “99% of the people in the world are completely sidelined, and institutions have barely gotten their feet wet.” Feria added that those holding ETH are truly the “world’s elite” because ETH’s bull case should send the crypto token to $100,000. The analyst suggested that Ethereum has yet to enjoy mainstream adoption, and it could send its price to the $100,000 target when that happens. This includes the entry of institutional investors into the Ethereum ecosystem, which is already happening thanks to the Spot Ethereum ETFs. Feria is also confident in his prediction and remarked that he wasn’t joking. He noted that some financial institutions have come up with bull targets close to his price target of $100,000. One of the financial institutions that the analyst might have been referring to includes VanEck, which gave a bull case price target of $154,000 for ETH by 2030. Why ETH Rising To $50,000 Is Possible Crypto investor Jesse Eckel recently made a bullish case for Ethereum, explaining why Ethereum will not only reach but surpass the $50,000 price target. He alluded to VanEck’s prediction that Bitcoin can reach $52 million by 2050. He claimed that ETH is “objectively better money than BTC, ” meaning that the former could easily attain unprecedented heights since VanEck predicts that the flagship crypto will be worth millions of dollars. Related Reading: Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens Eckel further remarked that Ethereum is currently the “backbone” of onchain finance. He claimed that ETH would “continue to grow as a legitimate form of money” as everything becomes tokenized and trillions of dollars move onchain. The investors also noted how almost every layer-2 network launches under the Ethereum ecosystem. With such massive adoption on the horizon for ETH, Eckel predicts that Ethereum can even rise to as high as $23 million based on VanEck’s prediction for Bitcoin. At the time of writing, Ethereum is trading at around $3,170, down over 4%, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Players can earn Notcoin tokens and a new in-game token in the story-driven game.
Polkadot (DOT), recognized for its innovation in the crypto space, is facing challenges as its price has fallen from a high of $11.80 in March to its current level, marking a 50% drop. Despite a recent protocol upgrade intended to improve its functionality and scalability, technical analysis suggests that DOT’s price could decline by an …
The company's loss per share doubled to $0.32.
Ripple invests $10 million in OpenEden’s tokenized T-bills initiative, marking a significant TradFi advancement on the XRPL.
Quick Take Farside data reveals that Bitcoin exchange-traded funds (ETFs) experienced a minimal net inflow of just $0.3 million, marking the most negligible net inflow since these ETFs began trading on Jan. 11. BlackRock’s IBIT continued to attract investments with a $21.0 million inflow. However, three out of the top four issuers faced outflows once […]
The post Bitcoin ETFs see smallest net inflow on record, Grayscale mini BTC positive appeared first on CryptoSlate.
Introducing supervisory fees marks a crucial step toward increased regulation and oversight.
"AI's integration with blockchain technology, especially on platforms like Aptos, is set to revolutionize the industry," said an OKX Ventures exec.
The most expensive bright orange, high-top sneakers are already sold out and being relisted on eBay for as high as $2,500.
The Grayscale Bitcoin Mini Trust (the “Trust”) officially launched on Wednesday after receiving approval from the US Securities and Exchange Commission (SEC), emerging as a lower-cost alternative to the renowned Grayscale Bitcoin Trust (GBTC). New Bitcoin Mini Trust Debuts According to Bloomberg, the Grayscale Bitcoin Mini Trust, which debuted with a 0.15% expense ratio, is […]
July witnessed $266 million in cryptocurrency losses from 16 attacks, with WazirX being the largest victim of North Korean hackers.