Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing the 95th percentile […]
A bizarre error that mistakenly credited Bithumb customers with roughly 620,000 BTC is now producing victories for the South Korean exchange in court. The Seoul Central District Court has ordered one customer to return about $140,400 (194 million won) after they sold BTC mistakenly credited to their account. The court ruled Thursday that the proceeds […]
Machi Big Brother proposed a $1 million buyout of Friends.Tech on August 27, offering to acquire the stalled project from Racer and Paradigm and relaunch its FRIEND token. The proposal sent FRIEND sharply higher, but the move also revived questions about Machi’s own heavy losses on the token and whether his plan can bring the […]
Solana’s native token has posted an 8% increase over the past 24 hours, prompting analysts to make highly bullish bets for the near future. At the same time, some remain cautious, projecting potential double-digit declines, while certain factors reinforce the pessimistic thesis. SOL’s Bullish Targets Just a few hours ago, the asset’s price briefly exceeded […]
Arthur Hayes has expanded his thesis for Flop Labs, an AI payment project he announced recently, arguing that AI agents need a form of money that can be exchanged directly for computing power rather than relying on dollars, Bitcoin, or conventional payment rails. The idea is simple on paper but ambitious in practice: if AI […]
A recent update from the XRP Ledger Foundation welcomed the TradFi giant, which has a long history with Ripple, to a hackathon taking place just ahead of the major conference, Ripple Swell. Meanwhile, 21Shares’s XRP ETF has changed how it prices the underlying token amid renewed inflows into all such funds. Mastercard Joins The XRP […]
Revolut began rolling out EURR, its first euro-denominated stablecoin, opening the token to what the company called a “select group of customers” in Denmark, Poland, and Portugal ahead of a wider European Economic Area (EEA) launch expected later this year. The token is issued by Bridge, the stablecoin infrastructure firm Stripe acquired for $1.1 billion […]
XRP briefly surged past $1.7 before stabilizing near $1.4. While the token appears to have hit a wall after a massive rally, whale withdrawals from Binance have surged to their highest level in six months. According to the latest findings by CryptoQuant analyst Darkfost, more than 231 million XRP have moved off the exchange by […]
The world’s leading cryptocurrency exchange warned its users that certain operations will be temporarily halted later this week. Prior to that, it revealed the delisting of three altcoins, which will take effect at the start of September. What Binance Users Need to Know The company announced that it will briefly suspend deposits and withdrawals on […]
Altcoins have taken a leading role in the latest crypto market rally, as trading activity and market capitalization surged alongside Bitcoin’s sharp move higher. This comes after an extended period of low volatility and subdued trading volumes. According to CryptoQuant analyst Darkfost, investor attention and capital have moved strongly toward altcoins, “potentially signaling a broader […]