Chainlink Ready For Massive Breakout? A 15% Drop May Come First
Chainlink (LINK) is retesting a crucial support zone amid the market pullback, leading some analysts to suggest that another significant drop may be coming if the current levels don’t hold. Chainlink Loses $25 Support On Monday, Chainlink followed the rest of the market, dropping 10% to the local range lows. The cryptocurrency hit an eight-month […]
CertiK predicts 'endless war' with crypto hackers after $2.5B stolen
Ever-evolving cybersecurity efforts are forcing hackers to seek out weak links among human vulnerabilities to fuel an ‘endless war,’ CertiK co-founder said.
Altcoins Continue to Bleed Out as Bitcoin Fights to Maintain $110K: Market Watch
Bitcoin’s price nosedived once again in the past 24 hours to a new multi-week low of under $109,000 before it recovered a small portion of the recent losses. The altcoins are in no better shape, with ETH dumping by over $550 since its latest all-time high and many others dropping by 5-6% daily again. BTC’s […]
Bitpanda Considers Public Listing, Rules Out London as Destination: FT
Cryptocurrency exchange Bitpanda is “looking much closer” into a public listing than previously, co-founder Eric Demuth said in an interview with the Financial Times. Demuth ruled out London as a likely venue for a public market debut, despite the crypto exchange’s recent expansion of U.K. operations. The lack of liquidity in share trading is putting […]
Tom Lee Calls ETH Bottom ‘In Next Few Hours’ as BitMine Doubles Down with $21M Buy
Fundstrat’s Tom Lee made his boldest Ethereum prediction yet, calling for Ether’s bottom to arrive within hours as BitMine Immersion Technologies purchased another $21.28 million worth of ETH, adding 4,871 tokens to bring holdings to 1.72 million ETH valued at $7.65 billion. Lee’s prediction emerged through Mark Newton’s technical analysis, suggesting a constructive correction before […]
Rising Demand Pushes PI Token Higher Amid CEX Withdrawal Surge
Pi Network — PI, is catching eyes after a noticeable surge in demand. At press time on Thursday, PI trades at $0.3653, pulling back slightly from a $0.3747 high. Investors watch closely as exchange reserves show sharp withdrawals, signaling stronger appetite. Technical patterns also highlight bullish signs, including a double bottom setup and RSI divergence. […]
Not Bought, Not Seized: UAE Mines $700 Million Bitcoin Stash
The United Arab Emirates (UAE) has acquired a stash of Bitcoin valued at about $700 million as part of an unusual strategy. The UAE’s strategy did not involve buying or confiscating Bitcoin like other governments. Rather, it was mined by a state-supported operation throughout the UAE. This represents a novel global trend in the accumulation
Months After the Coinbase $300M+ Hack, What Has the Hacker Been Up To?
On May 11, Coinbase, one of the biggest exchanges recognized globally, shared an email they received from an unsolicited address. According to what the CEO, Brian Armstrong, shared, the sender asked Him (Coinbase) to pay $20 million in order not to leak the sensitive information of users. But other than paying it, the CEO decided
Bitcoin ETFs Are Getting Dumped: 6-Day Outflow Spells Market Turmoil
Bitcoin’s price slid to a multi-week low of under $109,000 on August 26th, down about 2% from the previous day. As crypto majors continued to bleed this week, data suggest that retail investors are panicking. Is This the Bottom? Bitcoin ETFs are experiencing their longest outflow streak in six market days, a trend not seen […]
Bitmine Immersion Buys Another 4,871 Ethereum Worth $21.28 Million, Bringing Total ETH Holdings to $7.65 Billion
The Ethereum accumulation race continues with greater ETH buying from reputed financial institutions and treasuries. Most recently, Bitmine Immersion bought another 4,871 Ethereum worth $21.28 million, bringing its total ETH holdings to 1,718,770 ETH, amounting to a total value of $7.65 billion. With the price of ETH trading in the $4,400 price range, these entities […]
Tether Stays On Top, But These Three Competitors Are Closing In On USDT
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its […]
Bitcoin Suffers Technical Setback, Loses 100-Day Average as XRP, ETH and SOL Hold Ground
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) technical outlook has deteriorated over the past 24 hours, with prices dropping below a key moving average for the first time since April. This breakdown has left BTC at a disadvantage compared to major tokens such as Ether (ETH), […]