The recent insights provided by Benjamin Cowen shed light on the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Cowen, the ETH/BTC pair is currently experiencing a downtrend, with historical data showing a steep decline in ETHUSD of around 70% following previous declines in the pair. This
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The recent price action of Bitcoin has left institutional investors with a bearish sentiment, leading to a wave of massive outflows from Bitcoin investment products. Data revealed by CoinShares in a blog post indicated that Bitcoin investment funds experienced an outflow of $284 million last week. The majority of these outflows were attributed to the
The decision by Japanese exchange Coincheck to join Coinbase as one of the two publicly listed exchanges in the United States has raised eyebrows among investors. The move to go public via a special purpose acquisition company (SPAC) has sparked concerns about the potential risks involved in this strategy. Coincheck is expected to complete its
In a groundbreaking move, APhone has joined forces with NFT marketplace Magic Eden to introduce their highly sought-after Access Pass. This pass not only grants users entry to APhone’s virtual smartphone app but also unlocks a plethora of exclusive benefits. By leveraging Aethir-powered cloud-based infrastructure, APhone revolutionizes the way users interact with demanding apps and
In the ever-evolving world of meme coins, Aqua Cat on SOL has recently emerged as a unique player in the market. Unlike traditional cat-themed coins, Aqua Cat is actually a lovable sea-otter coin disguised as a cat, capturing the attention of traders worldwide. The coin experienced a monumental price surge of 33,895% overnight, showcasing the
Binance CEO Richard Teng has spoken out against the detention of Tigran Gambaryan, a key executive of the exchange, in Nigeria. Teng described the situation as unjust and worrisome, setting a dangerous precedent for companies globally. He emphasized that inviting employees for policy discussions and then detaining them is unacceptable. Tigran Gambaryan, a US citizen
Bitcoin (BTC) has been facing a price slowdown recently after recovering above $60,000. One of the main factors believed to be contributing to this tepid price movement is the reduced demand for the Spot Bitcoin ETFs. Despite recording billions of dollars in net inflows in the first three months of launch, the demand for these
Fantasy Top is a groundbreaking crypto-based fantasy football-style game that operates on the Blast network. This innovative game focuses on popular crypto influencers and their real-world social media engagement. Players are tasked with creating lineups of influencer NFT trading cards in order to compete against each other. The game offers cards with multiple rarity levels,
Cardano has been showing signs of recovery from its recent lows, with the price holding steady above $0.45. However, one crypto analyst, known as ‘More Crypto Online’, has a different perspective on the future trajectory of ADA. According to the analyst, the altcoin is currently in a 3-wave corrective rally based on the Elliot Wave
Robinhood’s crypto division recently received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. This notice followed an ongoing investigation by the Gary Gensler-led Commission staff into Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” before recommending an enforcement action against the firm. The Chief Legal Officer at Robinhood