Monero has seen a surge in discussions on social media platforms following the news of LocalMonero’s closure. Santiment data indicates a significant uptick in interest in Monero (XMR) as a result of this announcement. The closure of LocalMonero, a peer-to-peer exchange based on Monero (XRP), has generated a mix of internal and external factors as
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The dynamics of Bitcoin price movements are heavily influenced by the actions of major whale investors in the crypto market. Recent on-chain data provided by IntoTheBlock suggests a noticeable decline in whale accumulation volumes during each buying cycle over the past month. This trend raises concerns about the conviction of these whales, especially as the
Recently, US lawmakers have proposed a new bill that could have a significant impact on the world of cryptocurrency transactions. The bill, known as the Blockchain Integrity Act, aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers. The proposed legislation seeks to impose a two-year moratorium
Benjamin Cowen, the founder and CEO of Into The Cryptoverse, has recently shared his views on the current downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. He warns the crypto community about a potential downward movement, citing the pair’s rejection by the bull market support band and a history of steep declines. Cowen notes that the
The recent underwhelming performance of Bitcoin has not gone unnoticed by institutional investors, who are now showing signs of bearish sentiment. Data from CoinShares has revealed a significant outflow of $284 million from Bitcoin investment products last week. Most of these outflows came from US Spot Bitcoin ETFs, with $156 million exiting these funds. This
In the recent surge of meme coins on Base, the TRUMP MAGA Base token has seen remarkable growth, particularly ahead of the US Presidential Election. The token, known as $TRUMP, has experienced significant price fluctuations, with a current market price of $0.00399. Following its launch, TRUMP token saw an impressive 24-hour change of +23,246%, reaching
Recently, it was announced that the Japanese exchange Coincheck is planning to become one of the two publicly listed exchanges in the United States, alongside Coinbase. This move is set to take place by the second or third quarter of this year through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners
Hong Kong’s Bitcoin ETFs faced a setback shortly after their launch on April 30, as the China Asset Management Bitcoin ETF experienced its first cumulative daily BTC outflows on Monday. The outflow totaled $4.9 million, raising concerns about the performance of the newly introduced ETFs. Asset Flows Discrepancy While the China AMC Bitcoin ETF saw
Coinbase’s chief legal officer, Paul Grewal, recently took to social media to criticize US SEC Chair Gary Gensler for allegedly spreading misinformation about the legal status of cryptocurrencies. In a bold statement, Grewal urged Gensler to stop misleading the market by claiming that tokens are not securities. He pointed to previous court cases where the
The recent surge in the meme coin market has brought forth a new contender, Aqua Cat on SOL (AQUACAT). This unique cat-themed coin has seen an astronomical price increase of 33,895% overnight, capturing the attention of traders worldwide. Unlike traditional cat coins, Aqua Cat stands out by being a lovable sea-otter coin disguised as a
