Do Kwon, founder of Terraform Labs, will plead guilty on several felony charges, including fraud, conspiracy, money laundering, and more. These charges, in total, could result in a maximum sentence of 100 years. It’s unclear whether he intends to make a plea deal or rely on the courts’ mercy. A Potential Plea Deal For Do…
ChatGPT’s XRP analysis has revealed a textbook flag pattern consolidation at $3.20, marked by minimal movement of -0.52%. This comes as the SEC grants Ripple a new Regulation D waiver, effectively removing major fundraising roadblocks. Meanwhile, Blue Origin’s announcement of XRP payment acceptance positions XRP for a potential breakout toward $3.33 or continued range-bound action…
Earlier today, Bitcoin (BTC) surged past $122,000 for the first time since July 13, coming close to a new all-time high (ATH) before paring some gains, trading slightly above $119,500 at the time of writing. Bitcoin Eyes New ATH With Retail-Driven Rally According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, the average executed…
Bitcoin (BTC) trades in a critical range ahead of the Consumer Price Index (CPI) release on Aug. 12. A recent “Bitfinex Alpha” report positioned BTC for either a breakout to new all-time highs or a retracement toward $110,000 support levels. The Aug. 12 inflation data represents a pivotal moment as market sensitivity to macroeconomic events…
Blockchain developer known as Fede’s Intern confirmed his release from Turkish custody on August 11 after authorities detained him over alleged connections to Tornado Cash. The developer posted on X that international intervention secured his freedom following a brief detention at Izmir airport. Turkish police detained the developer upon arrival in Izmir, where he planned…
The pace of profit-taking by veteran Bitcoin (BTC) holders has cooled off in August as they resist selling, signaling a shift in market dynamics after a record-breaking July. Data shared by on-chain analytics platform Glassnode shows realized profits by long-term holders, measured over a seven-day moving average, have dipped sharply from July’s $1 billion per…
As the second week of August begins, the total crypto market capitalization has surpassed $4 trillion, officially setting a new all-time high. With trading sentiment improving, bullish expectations deepen the imbalance between long and short positions. As a result, some altcoins could face significant liquidations this week if prices move against the expectations of short-term…
A senior researcher at Glassnode has challenged the idea that the Bitcoin price is correlated to US money supply or other major economies. No Structural Link Between Bitcoin & Money Supply Of Major Economies In a new post on X, Glassnode senior researcher CryptoVizArt.₿ has talked about the Correlation between Bitcoin and the money supplies…
Bitcoin’s price movements often reflect broader macroeconomic trends. Analysts have uncovered a consistent pattern where BTC’s price follows these shifts with a roughly 12-week delay. With global liquidity now picking up steam, the macro-level signal now points toward a potential bullish phase ahead for BTC. How Liquidity Trends Fit Into Bitcoin’s Long-Term Cycle In an…
The Bitcoin price has regained momentum, rising toward the $120,000 level after experiencing a short-lived pullback earlier this week. However, recent technical analysis warns that an unfilled Chicago Mercantile Exchange (CME) gap near $116,500 may act as a barrier, potentially creating the risk of a price crash as BTC makes its way toward a fresh…