Australian venture capital firm King River Capital, in collaboration with blockchain gaming firm Immutable and Polygon Labs, has recently announced the launch of a groundbreaking $100 million gaming fund. This fund, named the “Inevitable Games Fund,” is unlike anything seen before in the industry. It is described as an “ecosystem-agnostic fund” that aims to identify
Bitcoin price has once again faced a significant decline, slipping below the $65,000 support level. The current struggle is evident as BTC is now hovering around the $62,000 mark and may even test the $60,000 threshold. Despite attempts to stay afloat, the price is trading below the $63,500 mark and the 100 hourly Simple Moving
The recent surge in meme coins on the Solana blockchain has brought forth two new contenders – Kermit (KERMIT) and Dogecoin20. While Kermit has gained significant traction with a 600x surge in just 24 hours, there are indications that Dogecoin20 might offer a better investment opportunity. This analysis will delve into the current price trends
The recent regulatory filings show that the US SEC has delayed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs). This delay impacts proposals from investment firms such as VanEck, Ark Invest, Hashdex, Grayscale, and Fidelity. The addition of a staking component to the ETH ETF application by Grayscale and Fidelity has sparked
Crypto research firm Kaiko recently mentioned an ‘Alameda Gap’ that has been significantly affecting the Bitcoin and crypto market. This gap was a result of the collapse of the defunct crypto exchange FTX and its sister company Alameda Research, a major market maker providing liquidity to the market. Following Alameda’s collapse, market makers waited on
The recent Bitcoin price crash caught many crypto investors off guard, but some analysts, like Rent Capital, were able to predict it. Rent Capital’s analysis highlighted the established trend of Bitcoin experiencing a decline before its halving. Looking back at historical data, it is evident that Bitcoin typically sees a price drop of around 20%
The UK Financial Conduct Authority (FCA) has recently announced its intention to recover the equivalent of $8 million in costs related to the supervision of stablecoins and cryptocurrencies. The funds will be collected in the form of fees imposed on stablecoin issuers and digital asset custodians. The FCA specifically aims to recover £6.2 million ($7.9
In the current landscape of meme coins, FLOKI and SPONGE are heading in completely opposite directions. FLOKI has recently taken a hit, experiencing an 18% drop in value over the last 24 hours, with its price now sitting at $0.0001736. On the other hand, SPONGE seems to be on the rise, offering unique features and
Bitcoin recently experienced a significant crash, dropping to $64,000, and has been struggling to recover its momentum ever since. The crash had a ripple effect on the entire crypto market, leading to a decline in the prices of altcoins as well. One of the most devastating events occurred on the Seychelles-based exchange BitMEX, where Bitcoin
BitMEX recently found itself in the midst of an investigation due to strange activity involving a user selling large orders on its Bitcoin spot market. This rogue seller unloaded over 400 BTC on the exchange, causing the price of Bitcoin to plummet by 87% to as low as $8900. The platform quickly corrected the price,