Cryptocurrency exchange BitMEX’s former CEO and co-founder, Arthur Hayes, recently expressed his concerns about the potential downfall of Bitcoin. Hayes specifically raised reservations about the possible launch of Spot Bitcoin ETFs and the involvement of traditional finance (TradFi) asset managers. In his final article of the year, Hayes argued that if these ETFs were to
Bitcoin
The cryptocurrency market is always full of surprises, and the recent movement of 112 million Dogecoin (DOGE) tokens from Robinhood into an unknown wallet has caught the attention of crypto enthusiasts. This significant transfer, valued at roughly $10.4 million at the time, has raised several questions regarding the motives behind it. In this article, we
Bitcoin, the pioneer of cryptocurrencies, has recently experienced a positive performance, with a gain of 3.45% in the past week, as reported by CoinMarketCap. Over the last 30 days, the price of Bitcoin has risen by a substantial 16.78%. While this bullish trend may seem promising, there is a notable increase in caution among Bitcoin
BNB, the native token of the popular Binance Exchange, has undoubtedly become a formidable presence in the cryptocurrency market. With a market capitalization of over $39 billion and a price of $260, it currently ranks as the fourth-largest asset in the world. However, amidst its meteoric rise, one crypto analyst remains pessimistic, predicting a massive
The Ripple community has been buzzing with discussions about XRP’s lackluster performance and the potential for Ripple to take action. Former Ripple Director, Matt Hamilton, recently took to his X platform to propose an intriguing suggestion. He proposed that Ripple could potentially ‘burn’ its XRP holdings in escrow lockups by disabling the master key on
In a week dominated by downward trends in the cryptocurrency market, Stacks (STX) stands out with its impressive gains. The native token of the Stacks Network has experienced a remarkable 600% increase in 2023, making it a significant player in the world of cryptocurrencies. This article delves into the factors behind the rising attention and
Shibarium, the Shiba Inu Layer 2 network, has been making impressive strides in recent weeks, exceeding expectations and reaching significant milestones. Initially, there were doubts surrounding the sustained growth of the Ethereum-based layer 2 network launched by the Shiba Inu team. Following its launch, the network experienced a decline in usage that persisted for several
On-chain data reveals a concerning trend as XRP whales make significant exchange inflows, potentially signaling negative implications for the asset’s price. These large transactions, totaling at least $10.9 million each, have caught the attention of market observers. Understanding the motives behind these transfers and their potential impact on the market is crucial to navigating the
Solana (SOL) has unquestionably emerged as a standout performer in the recent cryptocurrency landscape, captivating the attention of market participants with its remarkable surge in value. This extraordinary performance, marked by substantial gains, has propelled Solana beyond the ranks of other leading cryptocurrencies, securing a coveted position among the top five by market capitalization. The
The cryptocurrency market has been eagerly awaiting signs of a long-term recovery. With such prospects in mind, it becomes imperative for astute traders and investors to pay strategic attention to tokens that offer both short- and long-term trading opportunities. One such token that holds promise in the dynamic crypto environment is Woo Network (WOO). After
The surge in interest from institutional investors regarding Bitcoin has become increasingly evident, particularly in anticipation of the potential approval of a Spot BTC ETF. According to a comprehensive report by K33 research analysts, one indicator stands out remarkably when gauging institutional traders’ interest in Bitcoin – the derivatives market. This report, authored by K33’s
Ethereum, the world’s second-largest cryptocurrency, is currently facing challenges in its attempt to climb above key resistance levels. With the price trading below $2,200 and the 100-hourly Simple Moving Average, investors are closely monitoring the market dynamics to gauge whether a bullish trend is imminent or if a bearish momentum will prevail. Difficulty in Breaking
Aurory (AURY), a blockchain-based tactical Japanese role-playing game built on Solana (SOL), has recently encountered a major liquidity loss in its Camelot’s AURY-USDC pool. The incident was a consequence of a hack on the SyncSpace bridge, which led to the unauthorized withdrawal and subsequent market sale of approximately 600,000 AURY tokens on the Arbitrum (ARB)
Bitcoin has shown signs of retracement in recent days, potentially indicating a return to the $30,000 mark. With a 2% loss within the past 24 hours, the cryptocurrency is currently trading at $40,950. On a weekly scale, Bitcoin records a 3% loss, with other top 10 tokens facing similar performance, excluding Avalanche (AVAX). Over the