The Bitcoin exchange-traded funds (ETFs) market is expanding and raking in billions of dollars in capital. Despite this growth demonstrating rising adoption of the leading digital asset, finance guru Robert Kiyosaki believes ETFs are for the average investor. Unfortunately, Kiyosaki thinks it is unwise to remain an average investor because such market participants are restricted…
The Hash Ribbons signal, which began flashing on June 25, has now completed. This points to a potential shift in Bitcoin’s mining and price cycle as the leading crypto asset saw a steep decline of 3% over the past day. Hash Ribbons End After Miner Stress According to the latest analysis shared by CryptoQuant, the…
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…