[ad_1] On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake post explained, the BTC Puell Multiple has declined under 0.4 for the first time since the end of 2022. The “Puell Multiple” here refers to a popular on-chain indicator that keeps track of the ratio between the daily Bitcoin miner revenue and the 365-day moving average (MA) of the same. The daily miner revenue here refers to the USD value of the BTC amount the chain…
Author: dfrancis36
[ad_1] Kraken, which is facing several allegations brought by the Securities and Exchange Commission (SEC), is now seeking a jury trial in the lawsuit against it, according to a court filing on Thursday. The exchange also argued that the existing legal frameworks do not cover cryptocurrencies, thus they cannot be termed securities.A Legal Pushback from KrakenFirst reported by Coindesk, the legal representatives of the US-headquartered crypto exchange reiterated their denial of any illegal conduct, responding to each allegation and presenting 18 other defences.The SEC moved against Kraken last November, alleging that it was illegally operating an unregistered securities exchange, broker,…
[ad_1] eToro, a prominent online trading platform, has settled with the US Securities and Exchange Commission (SEC) and agreed to cease trading nearly all crypto assets for US customers, according to the latest release from the SEC. The SEC charged eToro with operating as an unregistered broker and clearing agency for facilitating the trading of crypto assets deemed securities. As part of the settlement, eToro has agreed to pay a $1.5 million penalty and will restrict its US trading services to a limited number of digital currencies. SEC Enforcement And eToro’s Response The SEC’s investigation found that since 2020, eToro…
[ad_1] A widely followed analyst and trader is leaning bullish on an altcoin in the Ethereum (ETH) ecosystem while updating his outlook on three crypto assets. The trader pseudonymously known as Sherpa tells his 223,200 followers on the social media platform X that Aave (AAVE) is “still undeniably very strong” as the Ethereum-based decentralized finance (DeFi) lending platform rests below a major resistance level on the weekly time frame after a consolidation phase that has lasted years. “This thing chopped for 2+ years, it looks ready.” Source: Sherpa/X AAVE is trading at $147 at time of writing, up by around…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] US-based spot Bitcoin (BTC) exchange-traded-funds (ETFs) saw a net outflow of $43 million on September 11, 2024, following two days of inflows, data from SoSoValue confirms. Ark Invest and Grayscale Lead Bitcoin ETF Outflows According to data from SoSoValue – a crypto ETF data provider – US spot BTC ETF outflows were led by Ark Invest and 21Shares’ ARKB, which witnessed a net outflow of $54 million yesterday. This was followed by Grayscale’s GBTC spot Bitcoin ETF, which experienced a net outflow of $4.6 million. Notably, another Grayscale product called the Bitcoin Mini Trust saw a net outflow of…
[ad_1] Este artículo también está disponible en español. Solana-based memecoin POPCAT has become a market sensation in the last few months. The token has led the feline sector, becoming the first cat-themed cryptocurrency to reach a $1 billion market capitalization. Whales have noticed the token’s recent performance, loading their bags with millions of tokens in the last few days. Related Reading Whales Go Popping Their Bags On-chain analytics firm Lookonchain revealed that a crypto whale had purchased millions of POPCAT today. The purchase was made by an investor who previously held the memecoin but sold its holdings earlier this month.…
[ad_1] Ethereum appears to have now seen a notable shift in its major metric. Particularly, a recent CryptoQuant analyst, Burak Kesmeci report, highlighted the potential significance of Ethereum’s current funding rates. The analyst pointed out that similar patterns in the past have been followed by substantial price increases, suggesting that Ethereum might be on the verge of a new surge. Calm Before The Storm? Funding rates are a key future market metric, indicating the balance between long and short positions. When the funding rate stays low for an extended period, it can signal market indecision or calm, but if the…
[ad_1] Ethereum co-founder Vitalik Buterin has been in the spotlight for the last few weeks for the 950 ETH selloff from an address associated with him. The sales have sparked concerns among investors who found the transactions suspicious despite Buterin’s previous explanations. Following the latest sale, Buterin clarified the selling details and offered some relief to the community. Ethereum Founder’s Moves Raise Concerns In August, Vitalik Buterin made large-scale ETH transfers to a multisig wallet linked to him. The transfers raised concerns among investors who worried a selloff could add further selling pressure to the second-largest cryptocurrency by market capitalization…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…