Over the past day, the open interest for Solana’s (SOL) futures contracts decreased significantly by 21%, amounting to approximately $1.62 billion as of now, according to CoinGlass data. This number reflects the aggregate value of all incomplete Solana futures deals on various trading platforms. The drop in OI is part of a larger pattern in … Read more
Over the past week, Spot Bitcoin ETFs have gone through extreme ups and downs. This volatility was driven by fluctuating investor attitudes and substantial transfers of funds. The turbulence began on Monday when these ETFs saw an unprecedented withdrawal of $223.8 million, establishing a new benchmark for the largest Bitcoin ETF outflow ever recorded. Spot … Read more
In a recent update on X social media platform, which used to be Twitter, Mike Novogratz of Galaxy Digital downplayed the latest market adjustment, referring to it as a “transient risk event.” A prominent figure in the world of cryptocurrencies strongly believes that Bitcoin, being the largest digital currency, will continue to rise in value. … Read more
The crypto market’s meme coin segment is experiencing significant losses, coinciding with broader price drops across the industry. Over the past week, many cryptocurrencies have found it challenging to sustain bullish trends. The recent decrease in price has been worsened by the most recent escalation of conflicts in the Middle East, causing unease among investors … Read more
Based on the findings of investigator ZachXBT, a notoriously deceitful group with a history of executing large-scale scams on different blockchain projects like Magnate, Kokomo, and Lendora, is reportedly launching new schemes on the Blast platform. This group has allegedly moved around $1 million from a laundered source to an address on Blast for the … Read more
The value of cryptocurrencies in the market has decreased by more than $430 billion due to heightened tensions between Iran and Israel. As a result, the total crypto market capitalization dropped by around 20%, from $2.64 trillion to a low of $2.21 trillion, triggering widespread panic selling. The coming days will be crucial as this … Read more
The world of cryptocurrencies saw another action-packed week with significant developments occurring globally. Among the many intriguing happenings, Bitcoin, Binance, and major crypto investors have sparked excitement within the larger crypto community. Let’s take a look at some noteworthy news stories from this past week that involve Bitcoin, Binance, and their related crypto endeavors. Bitcoin’s … Read more
In the upcoming week, the crypto market is preparing for several major global economic occurrences that have investors on edge, especially since unexpected inflation data has been released. Key announcements from significant economies are set to take place, which could influence both traditional and digital financial markets significantly. So, let’s take a closer look at … Read more
Despite Sam Bankman-Fried’s pleas, the FTX controversy has come to an end with the ex-CEO being sentenced to 25 years in prison. The significant repercussions of this groundbreaking case are expected to last. In November, the ex-CEO of a collapsed cryptocurrency exchange was found guilty of committing fraud on seven counts and conspiring to launder … Read more
Michael Saylor, a co-founder of MicroStrategy, has voiced his confidence in Bitcoin‘s price despite ongoing geopolitical turmoil. In a recent post on platform X, he stated that “disorder benefits Bitcoin.” However, this perspective seems to contradict the trend observed in the broader crypto market. Michael Saylor Positive on Bitcoin Michael Saylor, through a recent post … Read more