Ripple’s XRP is under pressure after a wave of long liquidations rocked Binance this week, sparked by growing speculation around major token dumps by Ripple co-founder Chris Larsen. According to on-chain investigator ZachXBT, Larsen-linked wallets offloaded 50 million XRP, valued at about $175 million, to multiple addresses starting July 17, with around $140 million allegedly…
Bitcoin’s price tumbled by more than four grand in the past 12 hours or so amid reports that Mike Novogratz’s Galaxy Digital has initiated a substantial sell-off for roughly $1.5 billion in BTC. The move south has harmed over-leveraged traders, with nearly 150,000 such market participants getting liquidated on a daily scale. BTCUSD. Source: TradingView…
Around 103,500 Bitcoin options contracts will expire on Friday, July 25, and they have a notional value of roughly $12.6 billion. This one is much larger than last week’s expiry, being an end-of-month event, but unlikely to be enough to influence spot markets, which have been on the back foot for most of the week….
The list of companies embracing Ripple’s XRP for treasury holdings is steadily growing. Only a few contenders have utilized this strategy so far, but with easing regulations and increasing adoption, the trend could intensify soon. Institutional Interest Growing Nature’s Miracle Holding Inc., a publicly traded company (ticker: NMHI) specializing in farming technology, announced on Wednesday…
Joseph Lubin’s cryptocurrency enterprise has undergone a recent personnel rearrangement, according to recent reports. In the last two years, Consensys has reduced its workforce by 38% amid institutional turmoil, legal battles, and macroeconomic setbacks. Further Restructuring Efforts According to Tuesday’s Bloomberg report, the company behind the MetaMask wallet will reduce its workforce by 7%, or 49…
The stablecoin behemoth is benefiting from the easing of crypto regulations in the world’s fourth-largest country by landmass. Despite numerous roadblocks, the company says its main priorities remain growth, expansion, and cooperation. The Road Ahead In a July 23rd interview with Bloomberg, the CEO of the company, Paolo Ardoino, shared his plans for broading within US…
Defunct crypto exchange FTX has announced that it will start distributing the next batch of creditor claims on September 30. This is after the bankruptcy court granted permission for it to reduce its disputed claims by $1.9 billion. Disputed Claims Reserve Slashed by $1.9B In a July 23 press release, FTX revealed that the next…
Ethereum (ETH) has surged by more than 50% in the past month, briefly touching $3,850. The recent FOMO-driven volume spike resulted in a 5.8% ETH-BTC movement. New data hints at a second bullish wave, even as the leading crypto asset has since retraced its steps and is currently hovering above $3,630. FOMO Spike Ethereum’s price…
The Solana blockchain is reportedly gearing up for another major scalability leap, with its block capacity poised to go from 60 million to 100 million Compute Units (CUs) under the SIMD-0286 upgrade first proposed in May. This 66% increase comes just a day after the network successfully raised its block limit to 60M CUs in…
Bitcoin (BTC) and Ethereum (ETH) holders on Binance are showing signs of strong holding behavior. This, however, contrasts with the profit-taking patterns seen on OKX. Behavioral Divergence Between Binance and OKX Users According to new data shared by CryptoQuant, as Bitcoin traded near $120,000 this week, OKX’s realized price on user deposit addresses has jumped…