Bitcoin price movements have long been influenced by the activities of major whales in the market. These large investors, holding substantial amounts of Bitcoin, have historically been instrumental in maintaining bullish sentiment and preventing significant price declines. However, recent on-chain data from IntoTheBlock suggests a shift in the accumulation patterns of these whales. While whales
The recent report by The Wall Street Journal regarding Binance, the world’s largest crypto exchange, has brought to light some concerning issues within the industry. The article alleges that the head of Binance’s market surveillance team was fired after raising concerns about potential market manipulation by a high-profile client. This raises serious questions about the
The Blockchain Integrity Act, a new bill proposed by US lawmakers, has sparked a significant debate within the crypto community. This bill aims to impose a temporary ban on financial institutions from engaging in transactions involving funds that have been through crypto mixers. Congressman Sean Casten introduced the bill on May 7, with support from
The TRUMP coin has recently experienced a significant surge in price, reaching a market price of $0.00399 with a 24-hour change of +23,246%. The coin saw a sensational launch, gaining immediate traction and experiencing a massive surge in trading volume. However, this initial rally was followed by a sharp decline of -85%, leading to a
The cryptocurrency market has been experiencing a period of turbulence, with the spotlight turning to Benjamin Cowen, the founder and CEO of Into The Cryptoverse. Cowen has offered his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. According to Cowen, the ETH/BTC pair is currently on a downward trajectory, with the potential
The analytics firm Santiment has recently shared insights on Cardano’s current buying opportunity, comparing it to other top coins in the market. According to Santiment, Cardano (ADA) is showing a slightly better entry point based on the Relative Strength Index (RSI) analysis. The RSI is a technical indicator used to assess the potential overvaluation or
Coincheck, a well-known Japanese cryptocurrency exchange, is gearing up to become one of the two publicly listed exchanges in the United States. The company has announced its intention to list on the Nasdaq through a partnership with a special purpose acquisition company (SPAC) called Thunder Bridge Capital Partners IV (THCP). Upon completion of the merger,
The recent unimpressive price action of Bitcoin has not gone unnoticed by institutional investors, who are now displaying bearish sentiment towards the flagship cryptocurrency. Recent data indicates that there has been a wave of massive outflows from Bitcoin investment products, which could potentially have a negative impact on Bitcoin’s price. CoinShares, in a blog post,
In an exciting collaboration, APhone has joined forces with the NFT marketplace Magic Eden to offer users the opportunity to purchase the highly coveted Access Pass. This pass not only grants access to APhone’s virtual smartphone app but also provides exclusive benefits that enhance the user experience. One of APhone’s standout features is its cutting-edge
The digital asset investment products experienced outflows for the fourth consecutive week, totaling $251 million. This trend indicates a bearish sentiment in the market, with investors pulling out their funds. One notable aspect was the “measurable outflows” from newly issued ETFs in the US, amounting to $156 million last week. This suggests that investors are
