[ad_1] Este artículo también está disponible en español. A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend. Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small peak” in Unspent Transaction Outputs (UXTOs) under six months, which resembles a similar structure observed in 2019. The analyst explained that these UXTOs under six months are new investors (or short-term holders) who entered the market around…
Author: dfrancis36
[ad_1] U.S. spot Bitcoin ETFs witnessed a significant exodus of funds, with $287.8 million withdrawn across the listed ETFs yesterday, marking the largest single-day outflow since May 1, Farside Investors data reveals. According to Arkham data, the only ETF that did not experience withdrawals was BlackRock, which reported zero outflows.EIGHT ETFs sold $287 MILLION BTC in the past 24 hours.Except BlackRock.BlackRock sold 0. pic.twitter.com/rWNw7FraUH— Arkham (@ArkhamIntel) September 4, 2024 Fidelity’s ETF led the withdrawals, selling $162 million worth of Bitcoin. Grayscale followed with $50 million in outflows, while Ark and Bitwise reported $34 million and $25 million, respectively. Despite these substantial outflows, these ETFs still collectively…
[ad_1] Two Ethereum (ETH)-based decentralized finance (DeFi) altcoins are rallying after whales scooped up large amounts of the projects’ tokens, according to the crypto tracker Lookonchain. Lookonchain reports that the governance token of decentralized exchange (DEX) aggregator 1inch (1INCH) is up double digits after a large purchase. According to Lookonchain, a wallet associated with the investment fund behind the 1inch DEX just bought 7.96 million 1INCH valued at $1.75 million. Since July 5th, the wallet has bought a combined 22.4M 1INCH valued at $5.49 million at an average price of $0.25. 1INCH is trading for $0.28 at the time of…
[ad_1] Este artículo también está disponible en español. Binance Coin (BNB) remains a dominant force. However, even seasoned BNB holders are always on the lookout for new opportunities to maximize their returns. Recently, a new gambling-focused token, Mpeppe (MPEPE), has caught the attention of Binance Coin (BNB) investors. This token is generating buzz for its potential to deliver 100X profits. Let’s explore why Binance holders are adding Mpeppe (MPEPE) to their portfolios and what makes this token a standout in the online gambling sector. Mpeppe (MPEPE): A Game-Changer in Crypto Gambling Mpeppe (MPEPE) is quickly gaining traction in the crypto…
[ad_1] In response to what it describes as a hostile takeover attempt, Bitfarms has strongly rejected claims made by Riot Platforms, accusing Riot of trying to undermine the company for its own gain. The conflict between the two Bitcoin mining giants has escalated, with Bitfarms issuing a public statement to address what it calls “misleading claims” by Riot, aiming to sway Bitfarms’ shareholders.At the center of the dispute is Riot’s attempt to acquire Bitfarms at what the latter describes as a “discounted price,” an offer that Bitfarms believes serves only Riot’s interests. According to Bitfarms, Riot has refused to engage…
[ad_1] On Wednesday, Uniswap Labs, the company behind the decentralized cryptocurrency exchange Uniswap, was fined $175,000 by the Commodity Futures Trading Commission (CFTC) for allegedly offering leveraged retail trading in digital assets without proper authorization. Uniswap Labs Faces Mounting Regulatory Scrutiny According to Bloomberg, the CFTC settlement requires Uniswap Labs to cease operations that allegedly violate the Commodity Exchange Act. The agency claims that the leveraged tokens offered by Uniswap constitute commodity transactions that do not meet the delivery requirements mandated for non-eligible contract participants. Such transactions must occur on a designated or registered market, which Uniswap allegedly is not.…
[ad_1] The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts. In a new press release, the regulatory agency says it has slapped Uniswap Labs with a $175,000 civil penalty and a cease and desist letter after it was allegedly found to be in violation of the Commodity Exchange Act (CEA). According to the regulator, Uniswap Labs never properly registered as a contracts marketplace but was operating as if it did. “Among the digital assets traded on the protocol and through the interface were a limited number…
[ad_1] Este artículo también está disponible en español. Chainlink (LINK) is at a crucial level after a sharp 22% retrace from recent local highs, sparking concern among investors and analysts. The recent downturn is compounded by unsettling on-chain data that suggests Chainlink’s network activity may weaken, adding to the uncertainty surrounding the asset. This decline in activity, coupled with broader market volatility, has heightened fears of further losses. Related Reading If the current bearish sentiment persists, LINK will likely test the next significant demand level around the lower $9 mark. This level is critical for determining the asset’s short-term future.…
[ad_1] On September 2, Ripple announced ongoing plans to introduce native smart contracts to the XRP Ledger (XRPL) mainnet. Some members of the XRPL developer community haven’t taken this announcement kindly, especially the Director of XRPL Labs, Wietse Wind, who wrote an open letter to Ripple. The Sudden Change To XRPL Smart Contracts Is “Surprising” Wind mentioned in the open letter on the X (formerly Twitter) platform that the sudden change in Ripple’s stance about introducing native smart contracts is surprising. He noted that three mongs ago, Ripple’s Chief Technology Officer (CTO) David Schwartz had made it clear at the…
[ad_1] Este artículo también está disponible en español. Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders are watching closely to see if the bearish trend will continue or if a reversal is on the horizon as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory. As Bitcoin faces increasing selling pressure, this article explores the recent bearish signals affecting its price movement,…