In a notable development within the cryptocurrency landscape, a wallet tied to the now-defunct FTX and its affiliate, Alameda Research, has recently redeemed a substantial quantity of Solana (SOL) tokens. The specific amount redeemed totaled 177,693 SOL, valued at about $23.75 million. This move, highlighted by blockchain analytics firm PeckShield, has raised eyebrows among investors
Impact
The recent market fluctuations in the cryptocurrency space have sparked optimism among investors, particularly in leading assets like Ethereum (ETH). After a sharp decline that saw ETH plummet to $2,154 last Friday, the digital asset is now making modest gains, approaching the $2,400 mark. Market expert Jesse Olson recently highlighted several bullish indicators on Ethereum’s
Back in 2019, Cardano experienced a significant drop of 57% following a rate cut by the Federal Reserve. The rates at that time were much lower compared to the current levels, with a public debt of $22 trillion. Fast forward to today, the debt has increased to nearly $35 trillion, and interest rates are now
In a groundbreaking move, the Law Commission of the United Kingdom (UK) Parliament recently presented the Property (Digital Assets, etc.) Bill, aimed at officially acknowledging digital assets as legit property. This bill signifies a significant shift in British legal history, as it categorizes cryptocurrencies, non-fungible tokens (NFTs), and carbon credits as personal possessions under English
In a recent analysis, ITC Crypto founder and CEO Benjamin Cowen pointed out a wedge chart pattern in the current cycle of ETH prices. This pattern bears resemblance to similar patterns observed in previous cycles, albeit on a much larger scale. Cowen highlighted that the ETH/BTC structure bottomed out after an interest rate cut in
Bitcoin recently experienced a significant daily surge, jumping from $53,600 to over $58,000. One of the key factors behind this surge could be attributed to the US spot Bitcoin ETFs, which were introduced in mid-January. These ETFs have had a noticeable impact on Bitcoin’s price movements, with positive flows leading to price increases and negative
Cardano (ADA) has seen a surge in various key metrics within its ecosystem, especially following the successful implementation of the anticipated Chang upgrade on September 1. Despite facing a bearish market sentiment that impacted ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. According to a recent social media post by the
Predictions for the Bitcoin price have been a hot topic of discussion, particularly in light of the recent market crash. While many have expressed bearish sentiments, there are analysts who hold a bullish outlook for the pioneer cryptocurrency. Bernstein analysts have made headlines by predicting that Bitcoin could potentially reach $90,000 in the near future,
The mobile gaming industry has a new contender in the form of Gamee, who is making strides in the blockchain gaming space with its latest game, WatBird. WatBird serves as a gateway for casual gamers to explore the world of Web3 through its engaging gameplay and incorporation of blockchain technology. At its core, WatBird features
Bitcoin (BTC) faced a significant drop in price over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. This led to a rapid decline of nearly 5% in BTC’s price, causing it to fall below the $54,000 range, its lowest level since early August. The broader crypto