Bybit, one of the largest cryptocurrency exchanges, recently made a bold move by removing China from the list of countries whose citizens are restricted from using its services. This decision, confirmed by CryptoSlate on June 5, has raised eyebrows in the crypto community. The list of restricted countries still includes major players like the United
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In recent months, there has been a noticeable trend of large bitcoin holders, often referred to as “whales,” increasing their holdings of the cryptocurrency. Data analysis shows that a subset of these whale addresses now collectively possess over 40% of the total bitcoin supply. This accumulation by whales, particularly those holding more than 1,000 BTC,
In the world of meme coins, one investor stands out for their extraordinary buying spree of Shiba Inu (SHIB) tokens. This whale recently spent a whopping 4,849 ETH, equivalent to around $18.44 million, to acquire an astounding 715.9 billion SHIB in just six hours. This level of accumulation is unprecedented, even for a seasoned investor
In a recent report by Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been outperforming traditional assets like Gold. These digital assets have shown annualized returns of 141%, 152%, and 224% respectively, compared to the best traditional asset at 17%. This trend has been consistent over the past 14
The launch of Ethereum-based exchange-traded funds (ETFs) in the United States has investors buzzing with excitement. Traders’ positions indicate a moderate degree of interest in these investment vehicles. According to K33 research, there is an expectation of around $4 billion flowing into spot Ethereum ETFs within the first five months after their launch. This projection
Bitcoin, the popular digital currency, has once again come into focus as the US banking system faces increasing challenges. Some experts are optimistic about Bitcoin’s future, suggesting that its value could skyrocket to $1 million per coin. This surge is expected to be driven by economic uncertainties and a potential flight to safety by investors.
In recent years, Binance, the world’s largest cryptocurrency exchange, has faced a series of legal challenges and regulatory hurdles that have impacted its native token, Binance Coin (BNB). From legal disputes with Nigerian authorities to a multi-billion dollar settlement with the US Department of Justice, Binance has been embroiled in controversy. The exchange’s founder, Changpeng
The upcoming House Appropriation budget threatens to prevent the US Securities and Exchange Commission (SEC) from implementing its controversial Staff Accounting Bulletin 121 (SAB 121). FOX Business reporter Eleanor Terrett revealed on June 4 that the bill includes a provision that would prohibit the SEC from using appropriated funds to enforce the rule. This budget
The market is underestimating the significance of Washington’s evolving attitude toward cryptocurrencies, according to Bitwise CIO Matt Hougan. In a memo dated June 4, he highlighted how the US political landscape has shifted significantly towards a more positive stance on crypto in recent weeks. Hougan believes that if the impact of these changes had been
Watford Football Club, a professional English football team, has taken a bold step by deciding to sell 10% of its equity to investors, including its fans. This innovative decision was shared in a press release with CryptoPotato, revealing that the shares will be offered on the Republic platform and its European crowdfunding arm Seedrs. The
