Recent findings from blockchain intelligence firm TRM Labs have shed light on the growing trend of cryptocurrency payments within Chinese drug precursor networks. In the first four months of 2024, cryptocurrency deposits into crypto addresses linked to these manufacturers more than doubled compared to the same period in 2023. This highlights a significant shift towards
Crypto
Ethereum faced a setback this week, losing its bullish momentum and closing with a 4.4% loss. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is a possibility that it is just a normal retest after the massive breakout following the ETF
Despite Bitcoin’s recent struggles to stay above $73,000, brokerage firm Bernstein has maintained a positive outlook on the cryptocurrency’s future. In their latest report, analysts at Bernstein have increased their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for the same year. This upward
In recent days, Bitcoin’s price has been on a rollercoaster ride, dropping to $65,000 before recovering slightly. The primary cryptocurrency started the business week positively, reaching above $70,000 on Monday. However, things took a turn on Tuesday as anticipation and fear surrounding the US CPI numbers and FOMC meeting grew, causing Bitcoin to drop to
The cryptocurrency market is experiencing a series of Bitcoin options expiry events, with today’s expiring at a notional value of $1.35 billion. While this event is relatively smaller compared to previous weeks, it is a prelude to a larger expiry event on June 28, where $6.7 billion in notional value derivatives are set to expire.
The cryptocurrency market has been experiencing significant turbulence in recent days, with Bitcoin struggling to surpass the $67K mark. Despite attempting to rise above $68K yesterday, the price was met with resistance from sellers, resulting in a 1% loss in the past 24 hours. The choppy price action has led to the liquidation of over
A recent thread by blockchain analytics platform Bubblemaps has shed light on suspected insider trading activities related to the meme coin projects endorsed by Andrew Tate and Iggy Azalea. The allegations unveiled a concerning pattern of behavior surrounding the launch of DADDY coin, where insiders purportedly gathered a significant portion of the token supply, equivalent
The recent decline in the price of Ethereum (ETH) to around $3,500 has sparked concerns among investors and traders. However, despite the current dip, analysts remain optimistic about the future of the second-largest digital asset in terms of market capitalization. Metrics such as negative exchange netflow and a low Relative Strength Index (RSI) indicate a
In recent weeks, the native token of Ethena, ENA, has been experiencing significant selling pressure. This has caused the price of ENA to plummet to $0.73, marking its lowest price level since May 20th. The sudden drop in price has resulted in substantial losses for ENA stakers. According to data from Lookonchain, the largest ENA
Terraform Labs, a defunct crypto firm, has finally reached a settlement in its legal battle with the Securities and Exchange Commission (SEC). The SEC alleged that Terraform and its co-founder, Do Kwon, engaged in fraudulent activities related to the defunct Terra blockchain. The settlement requires Terraform to pay a staggering $4.47 billion fine, comprising of
