[ad_1] Long-term bitcoin holders and miners have been significant sellers in the past two weeks, with little sign of renewed demand, according to on-chain analysis firm CryptoQuant in a report shared with CoinDesk. CryptoQuant’s data shows that whales—large holders of bitcoin—sold over $1.2 billion worth of BTC recently, likely through brokers rather than on the open market. “Traders are not increasing their Bitcoin holdings, and large holders’ (whales) demand growth is still lacking strength,” analysts noted. “Stablecoin liquidity has continued to slow, growing at its slowest pace since November 2023.” These traders have been reducing their holdings since BTC prices…
Author: dfrancis36
[ad_1] Popular cryptocurrency analyst and trader, Crypto Daily Trade Signals, has issued a warning to the Dogecoin community about a potential downside risk for the popular meme-inspired crypto asset as it confronts a bearish technical pattern amid a wider negative sentiment in the digital asset market lately. Dogecoin Forms Bearish Descending Triangle Pattern Crypto Daily Trade Signals’ analysis delves into Dogecoin‘s current market structure, identifying the formation of a Descending Triangle Pattern. The descending triangle is characterized by a series of lower highs pushing against a flat support level which is currently located at $0.121, and is usually seen as…
[ad_1] Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem, which he described as following: “Bitcoin is ~10% off of ATHs and the timeline appears to be on the verge of cannibalism.” In a series of detailed posts on X, Kling dissected the complex interplay of macroeconomic factors, ETF flows, and internal market dynamics that are shaping the cryptocurrency markets. Why Is Bitcoin Trading Flat? Kling began his analysis by addressing Bitcoin’s performance relative to the broader macroeconomic environment. Despite the NASDAQ surging 16%…
[ad_1] Crypto investment firm Pantera Capital aims to raise $1 billion for a new fund dedicated to revitalizing the crypto industry. Cosmo Jiang, Pantera Capital’s portfolio manager, revealed that over $200 million of this fund is allocated for investments in artificial intelligence projects. In a recent interview with DL News, Jiang expressed his belief that AI will become integral to every crypto company, likening it to the necessity of a website for modern businesses. “Investing in AI firms will soon be as standard as investing in companies with websites,” Jiang stated. Pantera Capital is therefore on the lookout for projects…
[ad_1] National Australia Bank’s venture capital arm, NAB Ventures, has invested in Zodia Custody, a move that highlights the growing acceptance of cryptocurrency solutions in the traditional banking framework.Zodia Custody’s Australian ExpansionZodia Custody, a platform known for its institution-grade cryptocurrency and digital asset safekeeping, established its operations in Australia in late 2023. According to Coindek, the exact amount of NAB Ventures’ investment remains undisclosed.Following the investment, Zodia Custody is focusing on onboarding Australia’s unique ecosystem of home-grown digital asset exchanges. Many of these exchanges are transitioning their assets to the Zodia platform in anticipation of stricter regulatory requirements expected to…
[ad_1] David Hirsch, the influential head of the Cryptocurrency and Network Division at the US Securities and Exchange Commission (SEC), has officially vacated his office. This move could signal significant shifts in the crypto regulatory landscape for cryptocurrencies in the US Hirsch’s departure comes at a pivotal moment for the industry, with major legal battles ongoing and the political climate poised to influence future regulatory approaches. A Legacy Of Rigorous Enforcement David Hirsch spent nearly a decade at the SEC, during which he became a prominent figure in the regulation of digital assets. Known for his firm stance on enforcement,…
[ad_1] A widely followed analyst is unveiling a possible timeline for the altcoin markets to record new all-time highs. In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s looking closely at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. According to Pizzino, TOTAL3 witnessed a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge Pizzino says that TOTAL3 may be mirroring the same pattern in this cycle and could be a few months…
[ad_1] Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision, a financial media platform, has indicated that Solana is on the brink of reversing its bearish trends. The financial expert has predicted a “magnificent autumn rally” for the cryptocurrency in this market cycle. Solana To Witness Major Autumn Rally Solana’s recent downward trend could potentially signal a great buying opportunity for investors who remain optimistic about the cryptocurrency’s future outlook. Being a popular supporter and long-term investor of Solana, Pal has expressed confidence in the cryptocurrency’s ability to witness a major price increase soon. Related Reading In…
[ad_1] FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion,…
[ad_1] Following a year of stealth development, Lava is introducing the first two of its suite of financial products—Lava Free Pay and Lava Exchange—poised to transform how we handle digital dollars and access to Bitcoin. In a conversation with Bitcoin Magazine, Lava CEO Shezhan Maredia provided an in-depth look at what these new offerings bring to the table and how he hopes they can redefine the mobile self-custodial experience. Lava Free Pay: Liberating Global PaymentsThe promise of digital dollars has always been seamless, global payments. However, Maredia argues the current user experience falls short. “Imagine if every time you wanted…