The movement and accumulation from crypto whales have always been viewed as catalysts for Bitcoin price increases. However, recent on-chain data suggests a general waning accumulation momentum among major whales. Despite whales still buying the dip, the declining whale accumulation volumes over the past month raise concerns among investors, especially as Bitcoin struggles to hold
In the latest pump of the Base meme coin, the new Trump MAGA Base token has seen a significant surge in price ahead of the US Presidential Election. The TRUMP token is currently trading at a market price of $0.00399, representing a 24-hour change of +23,246%. The initial launch of TRUMP saw impressive gains, with
The Biden administration has made it clear that they intend to veto H.J. Res. 109, which seeks to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). They argue that this change would hinder the SEC’s efforts to protect crypto market investors and maintain the stability of the financial system. The administration believes that SAB
The recent price action of Bitcoin has raised concerns among institutional investors, leading to a wave of massive outflows from Bitcoin investment products. CoinShares reported that Bitcoin investment funds recorded an outflow of $284 million last week, with most of the outflows coming from US Spot Bitcoin ETFs. This significant outflow is a clear indication
Coincheck, a prominent Japanese cryptocurrency exchange, has announced its plans to go public on the Nasdaq through a partnership with a special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP). This move will make Coincheck one of the two publicly listed exchanges in the United States, alongside Coinbase. The merger is expected to
Robinhood Markets, known for its retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The firm’s cryptocurrency arm, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges for securities violations. CEO Vlad Tenev wasted no time in expressing his dissatisfaction
The Chief Legal Officer of Coinbase, Paul Grewal, recently took to social media to call out US SEC Chair Gary Gensler for what he believes to be misleading statements regarding the legal status of cryptocurrencies. Grewal refuted Gensler’s claims that numerous digital assets should be classified as securities, stating that the SEC’s own lawyers have
Aqua Cat on SOL, a unique cat-themed coin that is actually a sea-otter in disguise, has recently made waves in the high-octane Solana meme coin market. With its price skyrocketing by an astonishing 33,895% overnight, traders around the world are eager to jump in and profit from this volatile market. As of the latest data,
Bitcoin (BTC) has recently seen a price slowdown, with the price hovering above $60,000. This stagnation in price movement can be attributed to a decrease in demand for the Spot Bitcoin ETFs. Initially, the Spot Bitcoin ETFs experienced significant net inflows in the first quarter of their launch, leading to a notable rally in Bitcoin’s
The recent detention of Tigran Gambaryan, a top executive at Binance, in Nigeria has sparked outrage and calls for justice. Binance CEO Richard Teng has publicly condemned the unjust detention of Gambaryan, who was apprehended along with Nadeem Anjarwalla, the exchange’s regional manager for Africa, upon their arrival in Nigeria’s capital, Abuja, on Feb. 26.