[ad_1] Binance relocated $14.75M worth of PEPE between hot wallets. Dormant holder arrives to sell off 10B of PEPE Coin for $112K. Derivatives liquidations put away $2.75M of long PEPE positions. PEPE has spent most of this year climbing the global crypto ranks, but the frog-themed meme coin’s double-digit upswings are usually followed by a sharp crypto market correction. Binance Prepped PEPE for Big Market Action As the general crypto markets witnessed an all-around drawdown this Wednesday, PEPE wasn’t spared from getting dipped in the bearish sauce. As Bitcoin (BTC) momentarily tumbled below $60K for the first time since June…
Author: dfrancis36
[ad_1] Crypto analyst Quinten François has provided an ultra-bullish narrative for the Bitcoin future trajectory. The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million. The “Fireworks” Are Just About To Begin For Bitcoin While highlighting the significance of Bitcoin’s fourth halving, Quinten claimed that the “fireworks” were just about to begin for Bitcoin. The crypto analyst remarked that BTC was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving were to follow the same growth rate…
[ad_1] President Joe Biden’s lackluster debate performance last week has enhanced the chances of Donald Trump, a pro-crypto candidate, making a return to the White House. Despite this political shift, the market’s attention has been captivated by other factors. Altcoins Struggle Amid Low Volatility Bitcoin (BTC-USD) and Ether (ETH-USD) have experienced low volatility, creating a challenging environment for altcoins that typically thrive on market movements. According to David Zimmerman, a DeFi analyst at K33, the altcoin market has seen significant downturns, especially in sectors like GameFi tokens, while AI tokens have remained stagnant. This is despite a surge in new…
[ad_1] Imagine a scenario where you’re heading off for a 100-year vacation and you want your wealth to survive when you return. You decide to bury a safe that holds:Some gold barsA bunch of $100 billsYour bitcoin in cold storageWhat do you expect the outcome to be when you return from your 100-year absence?The gold bars will still be there in good shape. The $100 bills will have physically decayed and the purchasing power will likely have dramatically weakened to the point where the bills are worthless.What about the bitcoin? What is the bitcoin worth?The answer depends on how the…
[ad_1] Circle’s digital assets designed to be pegged to the US dollar and the euro have achieved compliance with the European Union’s laws, according to the stablecoin issuer’s CEO, Jeremy Allaire. Allaire says that Circle is now the “first global stablecoin issuer to be compliant” with the Markets in Crypto Assets (MiCA) regulations. MiCA is a comprehensive regulatory framework for the cryptocurrency industry in the European Union (EU) which, among other things, places stablecoin issuers under the European Banking Authority while requiring them to hold sufficient liquid reserves. “Circle is now natively issuing both USDC and EURC to European customers…
[ad_1] The Bitcoin price has fallen to a low of $59,604 today, marking a 4% decrease. According to several renowned crypto analysts, this movement was largely driven by the phenomenon known as the CME gap, a concept critical in Bitcoin futures trading at the Chicago Mercantile Exchange (CME). Why Is Bitcoin Down Today? A “CME gap” is a term used to describe the price gap that emerges on the Bitcoin CME futures chart. Unlike Bitcoin’s spot markets that operate 24/7, the CME Bitcoin futures market only trades five days a week, closing over the weekend and on holidays. This difference…
[ad_1] Company Name: LightsparkFounders: David Marcus, Kevin Hurley, Christina Smedley, James Everingham, Christian Catalini, Jai Massari and Tomer BarelDate Founded: April 2022; Series A May 2022Location of Headquarters: Los Angeles, CAAmount of Bitcoin Held in Treasury: N/ANumber of Employees: 45Website: https://www.lightspark.com/Public or Private? PrivateKevin Hurley and the team at Lightspark want to make it easier for institutions and everyday people to transfer value via bitcoin.This is why they’ve created Lightspark, a Lightning Service Provider (LSP) — and more — that offers enterprise-grade infrastructure that enables companies around the world as well as the customers for those companies to make payments globally using the…
[ad_1] Top crypto exchange Binance sends $150K worth of LUNC to the incinerator. Devs find a way to eliminate an extra 12B LUNC from discontinued contracts. The staked Terra Luna Classic hits 1.01T, as staking ratio nears 15% of supply. Terra Luna Classic’s (LUNC) chain revival efforts continue in full swing with Binance executing their monthly cumulative fee burn. In the 23rd batch of Terra Luna Classic’s burning ceremony, Binance incinerated a total of 1,725,990,630 LUNC coins retrieved from the relevant trading pairs on Binance’s global platform. LUNC Burns Supercharged by Binance? Worth nearly $150K at stamped transaction time, the…
[ad_1] Avalanche (AVAX), the smart contracts platform known for its fast transaction speeds, is stirring excitement in the crypto world. With a recent price dip seemingly nearing its end, analysts are eyeing a potential breakout that could propel AVAX to new highs. However, amidst the bullish whispers, experts advise a dose of cautious optimism before investors jump on the bandwagon. Related Reading A Consolidation Phase Hints At Breakout Potential The current price movement of AVAX has analysts glued to their charts. The coin is consolidating within a falling wedge pattern, a technical indicator that often precedes a bullish breakout. This…
[ad_1] Recent developments in the Bitcoin mining industry suggest a significant financial squeeze due to decreased network fees and halved block rewards. These factors are shaping the economic space for companies validating Bitcoin transactions and could potentially force some into selling their digital assets prematurely to remain solvent, according to Kaiko Research. Diminishing Rewards And Revenue Pressures Kaiko Research has pointed out this worrying trend for Bitcoin miners: the combination of reduced mining rewards and lower network fees is increasingly challenging their profitability. Since April, when the reward for mining a Bitcoin block was cut from 6.25 to 3.125 BTC,…