Avalanche to Build Two AVAX Reserve Firms, Plans to Raise $1B: Report
Avalanche Foundation is reportedly planning to raise approximately $1 billion via two cryptocurrency-hoarding vehicles in the US. The Financial Times reported Thursday that the non-profit group is in talks with investors to establish two AVAX reserve companies. Sources familiar with the matter told the publication that the funds raised will be used to purchase “millions […]
3AC Subpoenas SBF, Ellison, Salame Over Alleged $1.5B Illegal Liquidation
The joint liquidators of defunct hedge fund Three Arrows Capital (3AC) have officially moved to subpoena former FTX CEO Sam Bankman-Fried, ex-Alameda CEO Caroline Ellison, and former FTX executive Ryne Miller Salame, over allegations involving over $1.5 billion in illegal asset liquidations. Key Takeaways: 3AC’s liquidators have subpoenaed SBF, Ellison, and Salame over alleged $1.5B […]
Bitcoin Price Climbs to 2-Week High at $114K Ahead of US CPI Data: Market Watch
Bitcoin’s price jumped by a few grand yesterday and has maintained around $114,000 ahead of the highly anticipated US CPI data, which will be announced later today. Most larger-cap altcoins are in the green as well, with DOGE and XLM surging by up to 3%. AVAX has risen by over 6%. BTC Rises Before US […]
Shiba Inu: Which is the Most Profitable Month for SHIB ?
In a world of volatile meme cryptocurrencies, Shiba Inu is a very pivotal one. Historically, two months in a year are more profitable for SHIB than others: October and February, offering various unique merits. At the time of writing, SHIB is trading at $0.00001294 (0.94%) and has a volume of $253.85 million and a market
Ethereum Steady as Market Eyes $4,500 Break for Uptrend
Ethereum remains stable as the market looks for clear indications. Investors are cautious with the delays in ETFs and lateral price action, and future change is set to be driven mainly by key support areas and regulatory releases. Currently, Ethereum is trading at $4,361. Its 24-hour volume is $38.00 billion, and the market cap is
Bull Trap Warning for Bitcoin, Dogecoin, XRP Emerges as S&P 500 Prints Rising Wedge; U.S. Inflation Eyed
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Major cryptocurrencies are looking bullish, with market leader bitcoin (BTC) exhibiting a classic inverse head-and-shoulders breakout that could propel it toward $120,000. But there’s a catch. The daily chart for the S&P 500 E-Mini futures is displaying a bearish pattern, indicating […]
MNT Hits New ATH at $1.65 Following Key Technical Breakout
TL;DR MNT breaks past $1.65 ATH after strong breakout from long-term trendline and double bottom. The weekly chart shows a bullish structure with rising support and strong price continuation above $1.44. Momentum indicators confirm strength as MNT trades above Bollinger Bands with a MACD bullish crossover. Monthly Chart Breaks Long-Term Resistance Mantle’s token MNT reached […]
Linea’s Airdrop Launches Successfully Despite Sequencer Issue
Linea’s token airdrop launches with 9 billion tokens, boosting Ethereum’s Layer-2 network. Eligible users have 90 days to claim their LINEA tokens, ensuring broad participation. Linea quickly resolved a sequencer issue, minimizing any impact on the airdrop process. The Linea Association successfully conducted its token generation event (TGE) on Wednesday by distributing over 9 million […]
Winklevoss vs. Quintenz: Dispute Shadows Gemini’s IPO Launch
Brian Quintenz shared private texts with Tyler Winklevoss amid his stalled CFTC confirmation fight. Gemini will allocate up to 30% of its IPO shares to retail investors through major brokerages. The dispute and IPO highlight a broader struggle over crypto legitimacy and investor trust. The Winklevoss twins are back in the spotlight following their clash […]
Elliott Management Warns Of ‘Inevitable Crypto Collapse’ Linked To White House Support
Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it may be on the brink of an “inevitable collapse.” In a recent investor letter reported by Fortune, the firm attributed the inflation of this so-called “crypto bubble” to the perceived endorsement from the White House, […]
Cardano (ADA) Price Predictions for the Week Ahead
ADA is close to the $0.90 resistance. Can it break it in the next several days? Key Support levels: $0.77, $0.70 Key Resistance levels: $0.90, $1 1. Resistance Under Pressure Buyers managed to bring ADA under the key resistance at $0.90. If the bulls can break this level and turn it into support, this cryptocurrency […]
Ripple (XRP) Price Predictions for This Week
XRP managed to return to a $3 valuation. How high can it go this week? Ripple (XRP) Price Predictions: Analysis Key Support levels: $2.9 Key Resistance levels: $3.2, $3.6, $4 1. XRP Breakout In the past few days, XRP broke away from the descending triangle (in blue on the chart) and rallied higher towards $3. […]