Bubblemaps, a blockchain analytics platform, has recently brought to light some concerning allegations regarding insider trading in meme coin projects associated with individuals like Andrew Tate and Iggy Azalea. The claims, outlined in a detailed thread on June 12, suggest that insiders had acquired a significant portion of the token supplies of projects like DADDY
Crypto
Ethereum (ETH) has recently experienced a decline in price, dropping to around $3,500. However, analysts are optimistic about the potential for new all-time highs in the future. Metrics such as negative exchange netflow and a low Relative Strength Index (RSI) suggest reduced selling pressure and the possibility of a price recovery. The price of Ethereum,
Terraform Labs, the defunct crypto firm behind the Terra blockchain, has recently come to a settlement agreement with the Securities and Exchange Commission (SEC). The SEC has accused the company and its co-founder, Do Kwon, of engaging in fraudulent activities related to the defunct blockchain, resulting in massive losses for investors. As part of the
ENA, the native token of Ethena, has been experiencing significant selling pressure in recent weeks. This has led to a drastic decline in its price, with ENA plummeting to $0.73, marking its lowest level since May 20th. As a consequence, ENA stakers have suffered substantial losses due to this sudden downturn in the token’s value.
The cryptocurrency market, led by Bitcoin and Ethereum, recently experienced a surge following the release of the latest US Consumer Price Index (CPI) data. Bitcoin saw a 3.4% increase while Ethereum gained 2.43% over the past 24 hours. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to
As risk assets in the financial sector are starting to show signs of vulnerability, market experts are closely watching for potential economic factors that could have a similar impact on bitcoin. The recent release of stronger-than-expected US jobs data caused a dent in various assets, including BTC. However, bitcoin managed to navigate through the storm,
The US spot Bitcoin ETFs, including GBTC, had a remarkable beginning to June despite some signs of diminishing hype. Data reveals that during the first week alone, these ETFs collectively bought a staggering 25,729 BTC. This follows a trend seen in previous months where significant amounts of BTC were acquired by these investment vehicles. In
Over the weekend, Bitcoin experienced a brief increase in price towards $70,000 before returning to a stagnant state. This lack of significant movement was reflected in most altcoins as well, with only a few, such as BNB, NEAR, FIL, and FET, showing notable price drops. Bitcoin ETF Inflows Bitcoin had a strong week in terms
The current altcoin and Bitcoin market seems to be following a similar pattern to what was observed in June 2019, just before the United States Federal Reserve decided to cut interest rates. Analysts are drawing parallels between the two cycles, suggesting that a final flush out of altcoins may be on the horizon before the
Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of reaching a new all-time high. Thielen has identified a “head and shoulders” chart pattern that is close to completion, indicating a potential rally towards $83,000 in the near future. Despite facing some resistance and retreating to just over $69,000
