[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…
Author: dfrancis36
[ad_1] Macro guru and Real Vision CEO Raoul Pal is highlighting one smart contract-enabled blockchain token that he believes has potential. Pal tells his one million followers on the social media platform X that the native token of the layer-1 blockchain Sui (SUI) is “starting to look very interesting from a price perspective.” “…I’m looking at ALL major tokens for the next Solana-type opportunity regardless, and this [Sui] strikes me as one of them.” According to the macro guru, SUI is “showing signs of breaking out against most tokens” and is “one of the potential fastest horses in the race.”…
[ad_1] Data shows that Bitcoin’s open interest has plummeted as BTC has crossed the $60,000 level, suggesting that large liquidations have occurred. Bitcoin Open Interest Has Crashed Down As Shorts Have Seen Squeeze In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed the latest trend that has developed in the Bitcoin Open Interest. The “Open Interest” here refers to an indicator that keeps track of the total number of derivatives positions related to BTC currently open on all exchanges. When the value of this metric goes up, it means the investors are opening up new…
[ad_1] This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge after its launch. However, its price quickly plunged after the former US president’s camp denied any links with it. Related Reading Trump-Themed Token Turns Out Fake On Thursday night, a PolitiFi token was surrounded by controversy after it plummeted by over 95% just hours after launching. Restore The Republic was described as a token to “ensure that our nation…
[ad_1] Data from the market intelligence platform IntoTheBlock shows that Shiba Inu whales have been offloading their holdings over the last 30 days. This development is likely due to several factors, including the meme coin’s unimpressive price action in recent times. Shiba Inu Whales Reduce Their Holdings Data from IntoTheBock shows that Shiba Inu whales have reduced their holdings over the last 30 days. Specifically, there has been a drop of over 6% in investors’ holdings between $100,000 and $1 million worth of SHIB. Additionally, there has been a drop of over 3% and 7% in the holdings of whales…
[ad_1] The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially influenced by heightened futures market activity and selling pressure from select large holders. Despite these challenges, asset manager and exchange-traded fund (ETF) issuer Grayscale remains optimistic about the potential for token valuations to rebound if the US economy continues on a trajectory toward a “soft landing.” Even in a scenario of economic weakness, Grayscale suggests that the downside risk to cryptocurrency prices may be more contained compared to…
[ad_1] Amid the rapid adoption of crypto and the increasing need for regulation in respective regions, Thailand’s financial regulators announced on August 9 the launch of a “regulatory sandbox” designed to “test and refine” cryptocurrency services. This regulatory sandbox launch comes against the backdrop of the country’s Securities and Exchange Commission (SEC) step-by-step approach, which began earlier this year. The announcement noted: Earlier in March, the SEC Board passed a resolution approving in principle the establishment of the Digital Asset Regulatory Sandbox. Later in May, the SEC conducted a public hearing on this matter to gather comments and suggestions from the…
[ad_1] On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC price had slipped below the Realized Price of the short-term holder whales earlier. The “Realized Price” here refers to an indicator that keeps track of the average cost basis that the investors of a particular group currently share. When the asset’s spot price is under this metric, the holders…
[ad_1] Ethereum fell to as low as $2,100 this week before bouncing, adding an impressive 25% from August 2024 lows. While there is confidence that prices will continue expanding, breaching $2,800 and even the psychological round number at $3,000, other market-related events might slow down bulls. Ethereum Network Unlocking Over 143,000 ETH According to Token Unlocks data, hundreds of thousands of ETH are in the queue and are set for withdrawal today. On-chain data reveals that validators are preparing to withdraw 143,000 ETH worth nearly $350 million. Another batch of 212,000 ETH will be available for trading in the coming…
[ad_1] Following its price surge in 2021, Dogecoin has become one of the most sought-after cryptocurrencies, with many expecting a repeat of this performance. Since then, the Dogecoin price has failed to surge, leaving investors wanting more. However, this period of poor performance may be drawing to a close as a crypto analyst expects a significant price surge for the meme coin. Dogecoin Price Headed For A New All-Time High Despite seeing a recovery from the recent market crash, the Dogecoin price is still well below its all-time high price of $0.07376 recorded in May of 2021. For some, this…