Solana Slows Whilst Rally Keeps Running April 10, 2024 Any business that has to turn away customers because it is too busy has a good problem on its hands. Over the past week, Solana has been experiencing this very problem. Solana’s trading volumes, and overall network usage, has ballooned to record numbers over the past few weeks. However, recently transactions on Solana have been [...]
New York Jury Find Terra Guilty Of Fraud April 9, 2024 Over the weekend, one of the many crypto lawsuits reached a conclusion. This one involved Coinbase, and this time the exchange wasn’t fighting its arch nemesis, the SEC. This case involved a collection of aggrieved users who believed Coinbase should not have sold them certain tokens. The judge sided with the exchange. They stated that [...]
Bitcoin’s Price Is At A Crossroad April 8, 2024 The approval of the Bitcoin ETF triggered a crypto market surge that pushed Bitcoin to new highs. Amidst the rally, manias have emerged, including the explosion of memecoins. However, over recent weeks, Bitcoin’s price lost some of its momentum. It now ranges just below its All-Time High. The billion dollar question for traders is where [...]
CME Traders Currently Shorting Over $6 Billion Of Bitcoin April 5, 2024 March was a big month for Bitcoin. It reached new all-time highs and ETF trading volumes reached $111 billion – almost tripling February’s $42 billion. ETFs purchasing 66,000 Bitcoin worth $3.3 billion, seriously outpaced miner production numbers of around 28,000, with that number soon to be halved. MicroStrategy’s $1.4 billion push to enter Bitcoin’s “1% [...]
Ethena’s Success Causes A Battle Within DeFi April 4, 2024 On Tuesday, the market experienced a sharp decline due to some of the $2 billion of Bitcoin within the United States Department of Justice’s wallet being moved. The wallet’s contents came from seizing 50,000 Bitcoin stolen from the dark web site, Silk Road. The market noticed an initial test transaction of 0.001 ($69) Bitcoin to [...]
Grayscale Believes Crypto Bull Cycle Is 50% Complete April 3, 2024 Coinrule One of the hardest parts of investing in crypto is “timing the top”. “A new paradigm”, “the super cycle” and “this time is different” themed X threads are written to keep you accumulating for the “next leg up”. However, Grayscale believes we are not there yet and detailed why in a report they released [...]
The Crypto Venture Capital Landscape Brightens As Q1 Closes April 2, 2024 On Sunday evening, Bitcoin closed the 7th month in a row with a green candle – the most in 13 years. Q1 was a wild one for the crypto world. ETFs, memes and increasing institutional involvement with the likes of BlackRock’s tokenised fund now having raised over $250 million. Venture capital (VC) crypto investments also made a [...]
The Artificial Superintelligence Alliance may become crypto’s next merger March 29, 2024 On Wednesday, news dropped that the SEC’s case against Coinbase will continue. Judge Failla ruled the regulator has a plausible argument Coinbase failed to register as a securities business. However, as the SEC tries to slow one crypto titan, another one emerges. This time it’s coming from the artificial intelligence sector.
DOJ and CFTC set their sights on KuCoin March 28, 2024 This week, the crypto market experienced some of the most severe fear, uncertainty and doubt (FUD) of the cycle so far. Not only did two US government agencies indict one of the largest centralised exchanges on criminal charges, but North Korean hackers also exploited a popular protocol on a new Ethereum Layer 2. So, just a normal day during a crypto bull market. The exchange in question was KuCoin.
BlackRock’s BUIDL sparks real world asset boom March 27, 2024 Monday greeted us with the first day of Bitcoin ETF inflows after last week’s exodus. This time, Fidelity led the pack with their fifth highest inflow day, with over $261 million. Late last week, more information was released about BlackRock’s BUIDL fund. The market digested it and allocated strongly towards Real World Asset (RWA) related tokens. According to CoinGecko, on Monday, the sector’s market cap grew by over 29% to over $8 billion.