Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This decrease indicates that the two largest crypto tokens by market cap are potentially gearing up for substantial upward movements, as a supply squeeze looms. According to BTC ECHO analyst Leon Waidmann, Glassnode data shows that the
Selling
Gemini exchange recently announced that users of its Earn product have received $2.18 billion worth of their digital assets, which accounts for 97% of the total digital assets owed to them. This distribution is a significant milestone following the collapse of crypto lender Genesis, which had ceased withdrawals in November 2022. Gemini confirmed that the
The recent surge in Ethereum meme coin markets has brought attention to Baby Apu Apustaja (BAPU), with the coin experiencing sensational overnight gains. The current market price for BAPU stands at $0.000000059, representing a significant 24-hour change of +8,522%. The coin’s technical rally has been impressive, hitting a local all-time high at $0.00000007 around 3AM
Following a crucial week for Ethereum, a technical candlestick arrangement indicates that ETH prices could be gearing up for a significant uptrend in the near future. An analyst points out events in the monthly chart, highlighting the reversal of the ETH/BTC ratio from a multi-year support trend line. Historically, when prices bounce off this line,
The cryptocurrency market has been witnessing a concerning trend in recent times, with tokens being launched with high valuations but limited initial circulating supply. This has raised questions about the sustainability of the potential upside for traders following the token generation event (TGE). The latest findings from Binance Research shed light on this trend, revealing
The recent arrest of a Taiwanese national, Rui-Siang Lin, has revealed a disturbing truth about the dark web drug bazaar known as Incognito Market. The platform, responsible for transacting over $100 million in cryptocurrency, primarily through the sale of illegal narcotics like fentanyl, has been operating for the past four years under the alias “Pharoah.”
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows in the crypto community. The sale, which involved prominent buyers like Figure Markets and Pantera Capital, has sparked controversy and discussion among investors and industry experts. According to undisclosed sources cited by Bloomberg, Figure Markets
As the clock ticks closer towards the end of the Dogeverse (DOGEVERSE) presale, investors around the world are eagerly anticipating the final opportunity to participate in this unique multi-chain offering. With the presale set to conclude on June 3, 2024, at 10 am UTC, the excitement surrounding the $DOGEVERSE meme token is reaching its peak.
Recent on-chain data suggests that Ethereum whales have been making large transactions, indicating increased activity among these major players in the market. The Number of Large Transactions metric, which tracks Ethereum transactions valued at over $100,000, has seen a significant spike. This surge in large transactions implies that whales are actively moving their assets around,
The recent announcement from the Trump campaign about accepting cryptocurrency donations has stirred up conversations in the political and financial spheres. This bold move by the campaign marks a significant shift in fundraising strategies for presidential nominees. By allowing supporters to donate using various cryptocurrencies through Coinbase Commerce, the Trump campaign is tapping into a