[ad_1] On-chain data suggests the Toncoin whales have participated in significant accumulation over the past week, which could be bullish for TON. Toncoin Whales Have Bought Large During The Last Seven Days As explained by analyst Ali Martinez in a new post on X, Toncoin whales have been active with net buying recently. The on-chain indicator of relevance here is the “Supply Distribution” from the analytics firm Santiment, which tells us about the amount of TON the various holder groups own right now. The addresses or investors are divided into these groups based on the number of coins they carry…
Author: dfrancis36
[ad_1] Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it clears the $63,650 resistance zone. Bitcoin Price Holds Ground Bitcoin price started a decent upward move above the $61,200 zone. BTC…
[ad_1] Ethereum co-founder Vitalik Buterin ignited a firestorm this week with his scathing critique of US crypto regulations, urging a major overhaul of the system. In a move that has sent ripples through the industry, Buterin slammed the expansive definition of securities employed by the Securities and Exchange Commission (SEC), arguing it stifles innovation and incentivizes empty promises over genuine development. Ethereum Co-Founder: Overly Broad Definitions Stifle Progress Buterin’s primary concern centers on the SEC’s classification of many crypto projects as securities. This label, according to Buterin, throws a wet blanket over true innovation. The current environment discourages proper innovation…
[ad_1] The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively. Decentralized finance (DeFi) researcher DeFi Ignas has analyzed the report, highlighting the Treasury’s limited runway of approximately two years at the current burn rate of $87 million every six months. Funding Concerns Mount For Polkadot Polkadot’s expenditure during the first half of 2024 paints a worrying picture. An extensive outreach program accounted for $37 million, aiming to…
[ad_1] In a notable shift, June witnessed a significant reduction in cryptocurrency losses due to hacks, down by 54.2% from the previous month, according to the latest data from PeckShield. This downturn in cyber theft indicates an evolving space in the crypto security domain, even as the industry grapples with ongoing challenges. June’s Major Incidents and Broader Implications The data from PeckShield, a renowned crypto analytics firm, detailed that June saw about 20 hacking incidents, which resulted in nearly $176 million in losses. This marks a substantial decrease from May’s substantial losses of $385 million. Among the notable breaches, the…
[ad_1] A widely followed analyst is issuing a warning to crypto bears, saying that their window is closing to push the market to lower levels. Pseudonymous analyst the Flow Horse tells his 220,100 followers on the social media platform X that he’s bullish on Solana (SOL)-based meme token dogwifhat (WIF). According to the analyst, WIF is one of the fastest horses in the memecoin sector and he believes it will continue to show relative strength until the end of the bull market. “Re-buying WIF. Saying you are no longer bullish the strongest memes is saying that you think the lineup…
[ad_1] In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with Bitcoin’s positive start in July, as the cryptocurrency begins to recover recently lost gains. Currently, Bitcoin is trading above $63,000, marking an increase of nearly 3% in the past day. Related Reading Metaplanet’s Expansion Into Bitcoin Earlier today, Metaplanet made headlines by acquiring an additional 20.195 Bitcoin, valued at approximately $1.2 million, as announced just after market close on the Tokyo Stock Exchange.…
[ad_1] Hidden Road, a global credit network for institutions trading digital assets, announced it has added several exchanges to its prime brokerage platform. The company also expanded the use of BlackRock’s BUIDL token, accepting it as collateral across its network.New Exchanges Join Hidden RoadIn a press release today (Monday), Hidden Road stated that it is now integrated with Coinbase International Exchange, following a tie-up with Coinbase Exchange in 2022. Other new integrations include OKX, Deribit, Bitfinex, Bullish, AsiaNext, and SIX Digital Exchange.Michael Higgins, Hidden Road’s Global Head of Business development, highlighted the significance of using BlackRock’s BUIDL token as collateral.…
[ad_1] Hawaii’s regulator announced the official end of the Digital Currency Innovation Lab (DCIL) on June 30. The DCIL concluded that crypto firms no longer needed a Money Transmitter License (MTL) to operate in the state. Hawaii Crypto Firms No Longer Need MTL On Sunday, the Hawai‘i Department of Commerce and Consumer Affairs Division of Financial Institutions (DFI) announced that its DCIL research project had concluded. The project’s findings led to a change in crypto regulation in the state, starting July 1. The DFI started the DCIL in 2020 with the Hawai‘i Technology Development Corporation (HTDC). It aimed “to explore…
[ad_1] Over the weekend, a crypto trader turned 70 SOL into $3 million with a Solana-based token. However, the investor’s success story was overshadowed by the controversial launch of the memecoin that made it possible. Related Reading Trader Makes $3 Million In Minutes A crypto trader made millions in 30 minutes after investing $9,923 in Solana-based memecoin BAKED. Lookonchain reported that a sniper spent 70 SOL to buy 81.78 million BAKED. 30 minutes later, the trader sold his holdings for 21,581 SOL, worth around $3.06 million, in 76 transactions. The feat was achieved by a seemingly “lucky” trader who previously…