Changpeng Zhao, the founder and former CEO of the world’s largest cryptocurrency exchange, has served his four-month prison sentence and has been released from custody as of Friday. Although he has stepped down as the chief executive of Binance, he is still the largest stakeholder. Recall the events that took place almost a year ago […]
On Sept. 26, CryptoQuant founder Ki Young Ju reported that America is regaining dominance in terms of BTC holdings. Its ratio compared to other countries is rising, “driven by spot ETF demand,” he added. According to the US reserve ratio chart he provided, holdings have been increasing for the past year but have yet to return […]
Crypto markets have held on to last week’s gains over the weekend following a boost from the Federal Reserve’s 0.5% interest rate cut. This week has a number of reports on consumer sentiment, gross domestic product, and more inflation data. “Expect more volatility and larger swings as markets shift attention to the next Fed meeting,” […]
As repeatedly said in the past few days, all financial markets, especially crypto, were focused on the FOMC meeting that took place on September 18 as the US central bank was expected to lower the interest rates for the first time in about four years. Once that came to fruition, markets went berserk, with massive […]
Bitcoin’s price ascend continued in the past 24 hours as the asset flew past $60,000 and tapped a multi-week peak of over $60,500. The altcoins are also in the green, which has boosted the total crypto market cap by more than $70 billion since yesterday. BTC Touched $60.5K After last Friday’s correction that drove BTC […]
Bitcoin’s two-week-long negative streak came to an end on Monday, while the net inflows for the past five-day trading period skyrocketed to over $400 million. The same cannot be said for the spot Ethereum ETFs, as the products continue to bleed out and see little to no actual demand. Spot BTC ETFs Back on Track […]
That is if Ethereum can weather three big price hurdles ahead of it in September, The Dencun upgrade’s introduction of low-cost blobs for Layer-2 blockchains to quickly scale the network to peers has unleashed a torrent of activity on Ethereum’s decentralized smart contract network. Since then, gas fees in ETH on the base layer of […]
Bitcoin’s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours. The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month. BTC’s Troubles Keep Coming The primary […]
Like Solana, Cardano is an Ethereum competitor for smart contracts powered by blockchain techniques. But Cardano critics have said that it is overly centralized for a cryptocurrency. As a result, Solana has overtaken Cardano in total market capitalization, and Avalanche (AVAX) is close behind. The market’s favor for Solana has been especially pronounced in meme […]
Crypto markets have held on to gains over the weekend following an upsurge in the wake of the Federal Reserve meeting last Friday. Speaking at Jackson Hole, Fed Chair Jerome Powell affirmed expectations of an impending monetary policy pivot stating “the time has come for policy to adjust,” before adding that the “timing and pace […]