nticipation of Spot Bitcoin ETF Approval Influences Cryptocurrency Market
The cryptocurrency market, especially Bitcoin, has been affected by unconfirmed expectations of the approval of spot-based exchange-traded funds (ETFs). While Bitcoin has outperformed other cryptocurrencies, this outperformance may be partially due to the market anticipating the approval of spot Bit ...
Dogecoin Daily Transaction Count Drops Significantly, While Kabosu Statue Unveiling Poses Potential Catalyst
Friday the 13th is often considered an unlucky day due to superstitions. Interestingly, while it has historically been bearish for the S&P 500, Bitcoin has performed positively on this day. Data from Matrixport, a crypto services provider, shows that since 2010, Bitcoin has, on average, risen 1% ...
Cardano (ADA) Price Analysis: Short-Term Outlook Suggests Uncertainty
The latest analysis and predictions for Cardano (ADA) suggest a somewhat bearish short-term outlook. Here are some key insights into the Cardano price situation: Current Price: Cardano (ADA) is trading around $0.25, showing signs of uncertainty. Lack of Support: The absence of clear support le ...
NASAA Supports SEC in Coinbase Lawsuit, Defends Applying Securities Laws to Digital Assets
The North American Securities Administrators Association (NASAA) has filed an amicus curiae in support of the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The NASAA argued that digital assets should not be treated as "somehow special" and that the SEC's actions agai ...
Canadian Bitcoin Miner Hut 8 Stays Committed to Accumulating Self-Mined BT
Hut 8, a Canadian Bitcoin (BTC) mining company, continues to accumulate self-mined BTC despite a merger deal with US Bitcoin (USBTC). In September 2023, Hut 8 mined 111 Bitcoin, bringing its self-mined BTC reserves to 9,366 Bitcoin. While this represents an 8% increase from the previous month, it is ...
Challenges and Outcomes of the Crypto Industry Recovery Initiative
After the collapse of FTX, Binance founder CZ Zhao initiated the Industry Recovery Initiative (IRI) with the goal of raising $1 billion to help struggling crypto startups. However, the IRI has faced challenges in deploying its funds and fulfilling its commitments. Despite the ambitious $1 billion ...
FTX Drainer Hacker Suspected of Using SBF Trial as a Smokescreen to Hide Stolen Funds
The hacker responsible for stealing over $400 million from FTX and FTX US in November is suspected of using the trial of Sam Bankman-Fried (SBF), founder of FTX, as a smokescreen to obfuscate the stolen funds. The hacker, known as "FTX Drainer," has been moving millions in Ether obtained from the No ...
Cryptocurrency Market Entering Q4: Evolving Liquidity Patterns and Volatility
The cryptocurrency market is entering the fourth quarter with a focus on evolving liquidity patterns and market volatility, which are expected to shape the narrative in the coming months. The third quarter saw a marked decrease in crypto volatility, indicating that the asset class may be maturing or ...
Ray Dalio Reevaluates ‘Cash Is Trash’ Mantra, Considers Cash Attractive in Current Environment
Billionaire investor Ray Dalio, known for co-founding Bridgewater Associates, one of the world's largest hedge funds, has stated that the "cash is trash" mantra, which he popularized in the past, is no longer true in the current macroeconomic environment. According to Dalio, recent shifts in financi ...
Shiba Inu Lead Developer Shytoshi Kusama Pleads for Peace Amid Israel-Palestine Conflict
Shytoshi Kusama, the lead developer of Shiba Inu, has shared a heartfelt plea for peace amid the escalating Israel-Palestine conflict. In a thread on social media, Kusama expressed gratitude for the concerns about his safety and that of his family and the Shiba Inu team. He acknowledged that his tho ...