Strategy, a publicly traded company, has announced the successful closing of its initial public offering (IPO) of 28 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at a public offering price of $90 per share. The offering generated gross proceeds of approximately $2.52 billion, making it the largest US IPO of […]
TL;DR Whales have purchased nearly $850 million worth of ETH in just two days. Other bullish signals for the cryptocurrency include the declining supply of tokens on exchanges and the solid interest in spot Ethereum ETFs. The Largest Whales on the Move Despite not posting any major gains in the past 24 hours, Ethereum (ETH) […]
TL;DR After skyrocketing past its old all-time high at $3.4 about ten days ago, Ripple’s cross-border token has been unable to maintain above that level. Its current correction has taken it down to $3.15. However, one analyst believes it’s still not a proper ‘buy-the-dip’ opportunity. If $XRP loses the $3.15 support level, a pullback to […]
Ether prices have skyrocketed 150% since their April lows below $1,500 to come just shy of $4,000 this week. The massive move has been driven by institutional exchange-traded products and a new wave of treasury companies scooping up the asset, and one of those firms thinks ETH is extremely undervalued. Tom Lee’s ETH treasury firm […]
Ethereum investment products saw $1.59 billion in inflows last week. This was the second-largest weekly total on record as it led all digital assets in fund attraction. The broader digital asset market logged $1.9 billion in total inflows for the week, extending its positive run to 15 straight weeks. Month-to-date flows reached $11.2 billion, which […]
A fresh wave of token unlocks is set to hit the crypto market this week, with over $686 million worth of assets entering circulating supplies. The releases are arriving just as Bitcoin (BTC) staged a fragile recovery from a sell-off last week, triggered when Galaxy Digital offloaded huge amounts of the number one cryptocurrency, sending […]
Solana Labs CEO Anatoly Yakovenko is once again at the center of a heated debate. This time for branding meme coins and NFTs as “digital slop” in a public back-and-forth with Base creator Jesse Pollak. The discussion, which unfolded on X over the weekend, revolved around the perceived value of meme coins and NFTs. Clash […]
A weekly close above $119,200 will kickstart the breakout from a “bull flag” chart pattern, according to analysis by ‘Rekt Capital’ on Sunday. They added that turning this level into support via a retest could occur over the coming week. Bitcoin closed the week at $119,466 on Coinbase, according to Tradingview, which means that the bullish […]
Crypto markets have started the new week in the green, and the momentum could continue as trade tensions ease. The big event for the week is the Federal Reserve meeting on July 30, when the latest interest rate decision will be made. Meanwhile, US President Trump has reached a deal with the European Union, which includes […]
Ethereum’s validator exit queue has swelled dramatically since July 16. According to Galaxy Digital, this was driven less by speculative profit-taking and more by structural stresses triggered by spiking ETH borrow rates and the unwinding of leveraged staking strategies. Ethereum’s Exit Queue Chaos Beginning mid-July, ETH borrow rates on Aave surged from a stable 2-3% […]