Two large Ethereum investors are seizing the recent market correction to increase their stakes in the asset. In the first few days of August, the whale wallets collectively spent over $400 million on ETH, signaling renewed confidence in the asset’s long-term value. Ethereum Whales Buy the Dip as On-chain Activity Rises One of the most…
According to a report by digital asset firm CoinShares, Bitcoin could see a surge of more than 65% from today’s price if it wins just a small slice of major monetary pools. At its current level just above $113,500, that jump would take BTC up to about $189,000. It’s a simple idea with big implications….
The price of the leading altcoin, Ethereum, continues to drift further from the $4,000 mark. Recent profit-taking and cautious sentiment weighing heavily on market momentum have caused ETH price to decline significantly from its July peak of $3,941. On-chain and technical indicators now suggest a growing likelihood of a pullback below $3,000 in the coming…
BitMEX co-founder and key crypto figure Arthur Hayes has recently offloaded $13 million in Ethereum (ETH), Pepe (PEPE), and Ethena (ENA). While this market sell-off may be linked to a broader crypto market decline, Hayes has shared other insights backing this cautious market move. Behind Market Firesale: Hayes Sees BTC At $100,000, ETH At $3,000…
Robinhood reported a sharp surge in crypto-related revenue for the second quarter. The company’s earnings from digital assets rose by 98% year-on-year to $160 million. Overall, the company saw a 45% increase in net revenue to $989 million and a 105% jump in net income to $386 million. Robinhood Bets Big on Tokenization Trading volumes…
The cryptocurrency industry has grown exponentially since its initial stage, when only bitcoin existed, when it was difficult to purchase a single one, even though it cost cents and mere dollars. It has also grown massively since the first altcoins appeared, but it was still hard to find a place to accumulate some. In the…
The Cardano community has approved a major development proposal, allocating over 96 million ADA—worth approximately $70 million—to Input Output Engineering (IOE), the blockchain network’s development team. The decision, announced on August 2, followed a community vote in which nearly 74% supported the funding request. Significant Funding to Support Cardano Development According to the firm, the…
Hedera Hashgraph’s native token HBAR has plummeted by 15% over the past week, dragged down by a broader market pullback. As the crypto market continues to show signs of weakening momentum, technical indicators suggest HBAR’s downturn may be far from over. HBAR Drops Under 20-Day EMA as Bears Take Over Readings from the one-day chart…
Maelstrom Fund CIO Arthur Hayes has warned that Bitcoin may fall back to $100,000 amid a wave of macroeconomic headwinds, revealing that he has already trimmed his crypto holdings in anticipation. Key Takeaways: Arthur Hayes warns Bitcoin could drop to $100K due to weak job data and slowing credit growth. He has already sold over…
The Bitcoin market has been showing signs of increasing selling pressure, with its recent price action hinting at an even deeper distribution phase unfolding beneath the surface. Wyckoff Pattern Reveals Imminent Breakdown In an August 2 post on the social media platform X, crypto analyst Joao Wedson explained how the Bitcoin price may be at…