Bitfinex, a Hong Kong-based cryptocurrency platform, has recently released an Alpha report that delves into the market dynamics of Bitcoin following the recent halving event. One key takeaway from the report is the surge in exchange withdrawals of Bitcoin, reaching levels not seen since January 2023. This uptick in withdrawals signifies a trend of investors
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Recent reports have shed light on a new Ethereum (ETH) whale that has been actively purchasing large amounts of ETH in the past few weeks. Since March 31, this mysterious whale has accumulated over $405 million worth of ETH, triggering speculation that Tron founder Justin Sun may be behind the buying spree. The blockchain research
Ethereum Open Interest has been showing a downtrend in recent times, indicating a shift in market sentiment. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric increases, it signifies that investors are opening new positions, leading to higher leverage and potentially increased price volatility. Conversely,
In a surprising turn of events, two lead lawyers at the Securities and Exchange Commission (SEC) have recently resigned amidst controversies surrounding the regulator’s legal case against crypto firm DEBT Box. Michael Welsh and Joseph Watkins made the decision to resign in April, following reports that the SEC was planning to terminate their roles if
In response to the rapid growth and increasing complexity of the digital assets industry, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has called for the establishment of independent self-regulatory organizations (SRO) dedicated to overseeing this sector. The initiative aims to enhance the regulatory landscape in Hong Kong to support innovation and security within
Cardano recently experienced a significant price crash, mirroring the market dip led by Bitcoin. The ABC wave, infamous for causing drastic price drops of up to 50%, was responsible for plunging the prices of Cardano and other altcoins. The three waves within this pattern, Waves A, B, and C, saw Cardano’s price fluctuate from $0.8
The decision by B3, a Brazilian stock exchange, to include Bitcoin futures in its offerings has caused a significant stir in the cryptocurrency community. After the official opening of trades on April 17, B3 experienced an overwhelming demand for Bitcoin futures, indicating a strong interest from Brazilian investors in cryptocurrency derivatives. On the debut trading
FTX creditors have recently been given the chance to participate in an auction of the defunct exchange’s remaining Solana token holdings. This marks a shift from previous sales directly to larger venture capital firms such as Galaxy Digital and Pantera Capital. The opportunity was highlighted by Sunil Kavuri, a well-known FTX creditor, who urged retail
As crypto markets show signs of recovery, there is a busy week ahead in the United States economic calendar that could potentially refuel momentum for the bears. The Federal Reserve’s key inflation metric will be in the spotlight, impacting monetary policy going forward. New home sales figures, S&P Global Manufacturing PMI, and S&P Global Services
Gaswizard is not just another app or platform; it is a revolutionary solution to the age-old challenges faced by drivers worldwide. With its recent launch, Gaswizard is set to transform the way drivers fuel and charge their vehicles, offering a seamless and efficient experience like never before. This innovative platform marks the beginning of a