Ethereum (ETH) has experienced a tumultuous week, with a 6.45% decline adding to its recent struggles. Over the past few months, Ether has disappointed investors with a 16.57% drop in price, leaving many wanting more. The recent sell-off by a crypto whale, who disposed of all 6,714 ETH tokens at a loss despite appearing to
Impact
The Ethereum Foundation, a non-profit organization supporting the Ethereum ecosystem, has recently raised eyebrows in the crypto community by making significant transfers of ETH. On May 8, the Foundation transferred 1,000 ETH (equivalent to $3 million) to a middle multi-signature wallet (0xbc9). This transaction has caught the attention of the crypto community and sparked speculations
Former President Donald Trump has recently made headlines by expressing strong support for Bitcoin and cryptocurrencies, a stark shift from his previous skepticism towards digital assets. This unexpected change in stance has caught the attention of crypto enthusiasts and investors alike, sparking speculations about the potential implications for Bitcoin and other virtual currencies as the
The European Securities and Markets Authority (ESMA) has recently announced a review of the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities). This review is part of a broader examination of the EU’s financial regulatory framework initiated in response to a request from the European Commission (EC) to ensure
The recent performance of Ethereum has closely followed that of Bitcoin, with both experiencing a downtrend in prices. However, upon closer inspection, it becomes apparent that Ethereum may have more bearish fundamentals compared to Bitcoin. This has led crypto analysts to speculate that the second-largest cryptocurrency by market cap could see further declines in the
Monero (XMR) has recently seen a surge in discussions on social media platforms following the announcement of LocalMonero’s closure. This increase in attention comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies like Monero. The closure of LocalMonero, a peer-to-peer exchange based on Monero, has sparked conversations about
The movement and accumulation from crypto whales have long been considered catalysts for Bitcoin price increases. However, recent on-chain data has shown a decline in whale accumulation volumes during each buying cycle over the past month. This decrease in whale accumulation could be a cause for concern for investors, especially as the price of Bitcoin
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
In recent weeks, Ethereum has shown signs of recovery in a bearish crypto market. While the price has slightly increased by 0.2% over the last 24 hours, there has been a notable change in the ETH burn rate. April witnessed Ethereum’s ETH burn rate hitting an annual low due to a decrease in network transaction
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