In his August 5 “Macro Monday” livestream, crypto analyst Josh Olszewicz delivered a review of the market’s late-summer state, arguing that while Bitcoin’s price action has gone quiet, the broader cycle remains intact. “We’re in this pocket of seasonal weakness for August and September that we typically see most years,” he explained, pointing to seasonality…
Nasdaq-listed cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private convertible note offering following a weaker-than-expected second-quarter performance. The move comes as COIN shares recorded a 15% decline on August 4, reflecting market reactions to the company’s reported drop in revenue and increased operational costs. Details of the Convertible Note Offering…
Reports have disclosed that Shin Jin-wook, the chief executive of South Korean crypto exchange Bitsonic, has been handed a second prison term for a fresh fraud charge. Based in Daegu, Shin was found guilty of manipulating trading data and misleading customers. He is already serving a seven-year sentence for misappropriating ₩10 billion (about $7.5 million)…
The surge in companies created to hold crypto assets has probably reached its peak. Galaxy Digital CEO Mike Novogratz warned that future success will depend on strategic positioning rather than simple asset accumulation. Peak Treasury Issuance Behind Us Speaking on Galaxy’s Q2 earnings call Tuesday, Novogratz said the proliferation of crypto treasury companies has likely…
XRP has surged an impressive 35% over the past month, currently trading at $3.05. This bullish momentum is fueled by growing institutional interest, massive whale accumulation, and a long-anticipated regulatory breakthrough in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). Investors are increasingly optimistic ahead of the SEC’s expected status report on…
The US Commodity Futures Trading Commission (CFTC) has launched an initiative to allow spot crypto trading on exchanges registered under it. CFTC Kicks Off Crypto Sprint With Spot Trading Initiative In a new press release, CFTC acting chairman Caroline D. Pham has announced an initiative aimed at enabling trading of spot crypto contracts listed on…
Changpeng “CZ” Zhao, former CEO of Binance, asked a Delaware bankruptcy court to dismiss FTX’s lawsuit against him. He claimed, among other reasons, that it has no jurisdiction, as CZ is not a US or Delaware resident. FTX is attempting to recover $1.76 billion from Binance, which was transferred between the two firms under ambiguous…
Following another rejection from the $120,000 region on July 21, Bitcoin (BTC) is now holding steady around the $115,000 level. However, realized price data suggests that BTC’s surface-level calm may be nearing its end. Old Bitcoin Whales Stop Realizing Gains According to a CryptoQuant Quicktake post by contributor Kripto Mevsimi, Bitcoin whale behavior indicates that…
ZachXBT attacked Kaito over social media, accusing a partnered project of heavily inflating its user metrics. He warned crypto firms not to attract Yap farmers, as they can destroy a new project’s reputation. Unlike his sophisticated investigations, this diatribe mostly consisted of informal observations and personal opinions. He did not accuse anyone of fraud, at…
DeepSeek AI predicts holders of XRP, Pepe and Shiba Inu could see their bags blow up before 2025 concludes. Just last month, Bitcoin shattered previous records, soaring to a new all-time high (ATH) of $122,838. Given last year’s halving, recent positive signs from US regulators could catalyze global crypto adoption. In a pivotal announcement last…