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Articles by Mandy Williams

Bitcoin ETFs Record Over $3.6B in Outflows in the Past 2 Weeks

22 hours ago

Within the past two weeks, the United States spot Bitcoin exchange-traded fund (ETF) market has witnessed massive outflows. Investors have consistently withdrawn their funds amid minimal or negative price movements for bitcoin (BTC).
According to data from Farside Investors, the spot Bitcoin ETFs have recorded more than $3.6 billion in outflows since February 10. These funds have witnessed just one day of inflows out of the 12 trading days since February 10.
ETFs See $3.6B Outflows
On February 25, the spot Bitcoin ETF market witnessed its largest-ever single-day outflow. CryptoPotato reported that funds withdrawn from the products totaled $938 million; however, recent findings reveal that the outflows were much more than that.
An update on Farside Investors’ site disclosed

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Ripple Releases Institutional DeFi Roadmap for XRP Ledger in 2025

2 days ago

Ripple, the blockchain infrastructure provider behind the open-source, public blockchain XRP Ledger (XRPL), has unveiled its development plans for the network in 2025, building on already existing features.
According to a blog post, Ripple will focus on enhancing XRPL’s institutional decentralized finance (DeFi) ecosystem this year, with a focus on regulatory compliance, programmability, and expanded lending.
XRPL’s Roadmap for 2025
Ripple said the new features will enable institutions using XRPL to meet regulatory requirements, offer advanced lending options, and allow developers more flexibility while building and deploying their applications.
XRPL will enhance its identity stack, adding Credentials as a lightweight feature to the already existing decentralized identity

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Here’s How to Navigate the Yen Carry Trade in 2025 as Japan Faces Economic Shift: Bybit

5 days ago

The leading crypto derivatives trading platform, Bybit, has outlined potential challenges awaiting the Japanese yen carry trade in 2025 as the Bank of Japan (BoJ) implements policy changes and faces evolving economic conditions.
According to the report, the yen’s status as a primary funding currency in the foreign exchange (FX) market could be questioned in the coming months. The evolving Japanese financial landscape could see an increased risk of rapid unwinding in yen carry trades, raising the need for alternative funding currencies and a diversification of currency exposure for traders.
Effectiveness of the Yen Carry Trade
Over the last three decades, the BoJ has maintained ultra-loose monetary policies, sustaining a zero or negative interest rate environment to fight

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Yearly Low in Bitcoin Network Activity Hints at Possible Price Drop to $86K: CryptoQuant

6 days ago

Bitcoin network activity has fallen to its lowest level in a year as demand for the leading digital asset remains low.
A report from the on-chain analytics platform CryptoQuant has revealed that the Bitcoin Network Activity Index, which measures the growth across major metrics like active addresses, number of transactions, and block size, is down 17% from its November 2024 record high.
Bitcoin Network Activity in Negative Trend
The network activity index is currently at 3,658, the lowest level since February 2024. It has also fallen below its 365-day moving average, an occurrence not seen since July 2021, after China placed a ban on Bitcoin mining. This indicator signals that activity on the world’s largest blockchain network has entered into a negative trend.
Bitcoin’s

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Base Faces Market Turmoil: Is Coinbase’s Layer-2 Network at a Crossroads?

7 days ago

Base, the layer-2 network of the largest American crypto exchange, Coinbase, is facing tough times following the chain’s strong entrance into the market over a year ago.
Data from the market analytics platform IntoTheBlock shows that the Base ecosystem is under pressure, a challenge driven by the market’s recent dip.
Base Ecosystem Under Pressure
After reaching a peak of $4 billion in total value locked (TVL) in mid-December 2024, Base is now struggling with a TVL of $3.2 billion, according to data from decentralized TVL aggregator DeFiLlama.
Base’s transaction volume has also fallen from $2.2 billion in mid-December to $852 million currently. The network’s revenue has plummeted from $629,000 to less than $192,000 at the time of writing. Additionally, the chain’s active

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Wintermute Wants to Expand Crypto Market Making Services to The US: Report

9 days ago

The leading cryptocurrency market maker, Wintermute, has revealed plans to expand its business to the United States amid the emergence of a more favorable environment for digital assets in the country.
Wintermute’s CEO Evgeny Gaevoy disclosed the company’s plans in an interview with Bloomberg at the ongoing Consensus crypto conference in Hong Kong. Gaevoy said Wintermute is looking to open an office in New York and offer new products to crypto users in the country.
Wintermute is Expanding to The U.S.
According to Gaevoy, Wintermute has added a new focus on the United States to its expansion plans going forward. To this effect, the company intends to increase its employee headcount by five or ten people – it currently has a team of 130.
The decision to expand its business

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CZ to Donate BNB And Other Tokens to TST And Broccoli Victims

9 days ago

Changpeng Zhao, founder and former CEO of the world’s largest crypto exchange, Binance, has decided to donate tokens he received from anonymous market participants to victims of the Test (TST) and Broccoli meme coin projects.
The prominent crypto figure clarified that while he has decided to help victims of TST and Broccoli, his actions should not be interpreted as an endorsement for any of the tokens.
What Led to CZ’s Donations?
On February 15, a pseudonymous Chinese university student named EnHeng announced that he would donate $50,000 in Binance Coin (BNB) to users who incurred losses after investing in the Libra (LIBRA) meme coin. The token, linked to Argentine President Javier Milei, has lost roughly 90% of its value after insiders drained the project’s liquidity.

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Russia Extends Regional Crypto Mining Ban to 6 Years as Energy Issues Escalate

December 24, 2024

The Russian government has extended its winter ban on local crypto mining operations to six years as energy consumption in the country rises to alarming levels. About a month ago, the government ordered crypto mining entities to pause their operations for the winter season. However, the ban has now been extended.
According to a report from local media Tass, the Russian Cabinet of Ministers has banned crypto mining, including local participation in mining pools, in select regions and territories from January 1, 2025, to March 15, 2031.
Russia Bans Crypto Mining in Select Regions
While the list of affected regions is not final, it includes areas like Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, the Donetsk Republic, the Lugansk

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Ethereum Key Metrics Point to Persistent Bullish Outlook for ETH: CryptoQuant

December 23, 2024

Key metrics on Ethereum are painting a bullish outlook for the network’s native cryptocurrency, ether (ETH), despite its sluggish momentum over the past weeks. The asset has struggled to match bitcoin’s (BTC) momentum following the conclusion of the United States presidential election, but on-chain metrics indicate a bullish trend in the near term.
According to an analysis by the pseudonymous CryptoQuant official EgyHash, factors like Ethereum’s funding rates and Estimated Leverage Ratio suggest traders are optimistic about ether’s profit potential.
Ethereum Metrics Paint Bullish Outlook
The Ethereum Estimated Leverage ratio indicates investors’ tendency to execute high-leveraged derivatives trades. The metric is currently at its peak, signaling a sustained risk appetite

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Crypto Industry Lost $2.3B to Cyber Threats in 2024: Cyvers Report

December 22, 2024

As 2024 gradually wraps up, the web3 security firm Cyvers has released a Security, Fraud, and Compliance Report for the year, detailing how much impact cybercriminals and their operations had on the crypto industry.
According to an executive summary shared with CryptoPotato, in 2024, the crypto industry lost over $2.361 billion to cyber threats across 165 incidents. This figure represents a 40% increase from 2023, when losses totaled $1.69 billion.
Access Control Incidents Lead to More Losses
Cyvers noted that access control incidents accounted for 81% of losses in 2024 despite comprising 41.6% of incidents. This type of attack led to the theft of $1.9 billion across 67 incidents, while code vulnerabilities enabled the loss of roughly $456.3 million across 98 incidents.

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These Challenges Affect Institutional Crypto Adoption Strategies (Survey)

December 22, 2024

A new survey by the blockchain infrastructure provider P2P.org has unveiled some challenges and trends affecting institutions’ crypto adoption strategies. It also highlighted opportunities that institutions could explore to adapt to the evolving practices in the crypto industry.
The survey included participation from more than 15 institutional players, with intermediaries, investment funds, and venture capital funds making up 46%, 31%, and 23% of the respondents, respectively. It is worth mentioning that intermediaries in this context refer to companies that manage assets on behalf of others, while institutions as a whole are those with large total value locked.
Trends Affecting Institutional Crypto Strategies
According to the results sent to CryptoPotato, 33.4% of

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This is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis

December 21, 2024

The crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value contributors.
According to the report shared with CryptoPotato, only Base, the layer-2 network launched by the largest American crypto exchange, Coinbase, experienced exponential growth in user count for 2024. Other networks, like Bitcoin and some Ethereum-based layer-2 chains, struggled to maintain their growth or even attract new users throughout the year.
Base and Ethereum Take the Lead
Flipside’s report revealed that Base’s monthly

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BTC at $180K, ETH to $6K, and More: Here’s VanEck’s Top Crypto Predictions for 2025

December 16, 2024

The crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the United States presidential election.
American investment management firm VanEck has shared ten predictions that could raise the crypto market’s valuation in the coming year.
Bullish Crypto Predictions From VanEck
VanEck’s first prediction focused on leading assets that would experience meteoric price growth next year. For example, BTC would attain $180,000, ETH would cross $6,000, SOL would surpass $500, and SUI would exceed $10.
The firm’s next prediction showed factors that could drive some of these price projections. With Trump’s bullish stance, VanEck expects the U.S. to adopt Bitcoin as a strategic reserve.
Following Trump’s selection of a

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These Crypto Institutional Trends Will Gain Momentum in 2025 (Nansen)

December 16, 2024

This year is gradually coming to an end, and while the crypto industry witnessed significant growth this year, particularly after the United States presidential election, 2025 is expected to be an even better year.
The on-chain analytics platform Nansen has shared with CryptoPotato key insights into important institutional trends that will gain momentum in the crypto market in 2025. However, these narratives are expected to do well under a clearer regulatory framework, which is anticipated under the Trump administration.
Institutional Interest to Rise in 2025
The crypto industry is likely to experience a surge in institutional interest in both listed crypto products. As a result, bitcoin (BTC) could become part of the default-balanced asset allocation among asset managers

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Robinhood Recorded $119B in Crypto Notional Trading Volume This Year: Report

December 15, 2024

The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months.
Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe.
Robinhood Releases End of Year Report
According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38 billion in crypto assets under custody as of November 2024. The entity said 2024 was an important year for its business because of the milestones it achieved.
Robinhood Crypto expanded its services in the United States by achieving full coverage in 50 states and territories, including Hawaii, Puerto

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Bitcoin ETFs Hit $50.5B in Cumulative Net Inflows in First Year

December 12, 2024

Nearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth.
Inflows into the 12 funds have surpassed 500,000 BTC.
Spot Bitcoin ETFs Attract Over 500K BTC
In an X post, Vetle Lunde, head of Research at the digital assets research firm K33, stated that spot bitcoin ETFs currently have 500,925 BTC in cumulative net inflows, worth over $50.5 billion at today’s price.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT) had achieved this milestone earlier. The fund became the fastest ETF in history to exceed $50 billion in asset under management (AUM), a feat it achieved in 228 days, beating the previous record of 1,329 days.
However, since Grayscale’s Bitcoin Trust had mostly recorded

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Crypto.com Joins Forces With Germany’s Deutsche Bank to Offer Banking Services

December 10, 2024

The leading Singaporean digital asset trading platform, Crypto.com, has announced a partnership with Deutsche Bank, a German-based multinational investment bank and financial services company, to offer banking services to users in select countries.
According to an official release, Crypto.com’s corporate banking services will be available to customers in Singapore, Australia, and Hong Kong for starters. The crypto exchange and banking entity intends to expand the reach of the partnership to Europe and the United Kingdom in the future.
Crypto.com Partners Deutsche Bank
Crypto.com said the latest development is a milestone for its operations. It will enhance banking services and establish a strong foundation in select regions.
Deutsche Bank’s head of new economy corporate

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Semler Scientific Tops Bitcoin Stash With $30M Purchase

December 6, 2024

The healthcare technology provider Semler Scientific has increased its bitcoin holdings once again with a $30 million purchase, bringing its total stash to 1,873 BTC.
According to an official release, Semler Scientific bought 303 BTC between November 25 and December 4 at an average price of $96,779 per bitcoin, including fees and expenses. The company made the purchases using proceeds generated from its at-the-market shares offering.
Semler Announces New BTC Purchase
Following the latest purchase, Semler said it had spent $147.1 million to acquire its bitcoins at an average of $78,553 per asset. At bitcoin’s current price of $98,450, the stash is worth more than $184.39 million. When BTC rallied above $103,000 on December 5, Semler’s portfolio was valued at over $192

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Binance Unveils On-chain Yields With Babylon Bitcoin Staking

December 5, 2024

The world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform.
According to an official release sent to CryptoPotato, Binance On-chain Yields will enable users to participate in on-chain protocols and earn rewards using their accounts on the crypto exchange.
Binance Announces On-chain Yields With Babylon
The new Binance feature will be kickstarted with the Babylon Bitcoin Staking product on December 10 at 10:00 UTC; however, subscriptions will be made available by 06:00 UTC on December 9. Babylon is a protocol that allows bitcoin (BTC) holders to stake their bitcoins and earn rewards.
Babylon BTC Staking will launch with a limited quota of 1,000 BTC available to users on a first-come, first-served basis. Binance said

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Experts and Analysts React to Bitcoin’s Surge Past $100K: What’s Next?

December 5, 2024

Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market.
CryptoPotato received remarks from analysts at the crypto exchange Bitfinex and the on-chain analytics platform Nansen. Additionally, founders of traditional finance firms heavily invested in the leading digital currency dropped their opinions on the win.
Analysts React to BTC Above $100K
According to Bitfinex analysts, the halving earlier this year influenced bitcoin’s move past $100,000. Following the event in April, BTC supply was reduced by half, as was its emission rate and inflation,

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This Metric Suggests BTC Could See Sharp Uptick Within the Next 2 Months

December 3, 2024

Bitcoin (BTC) currently ranges between $94,000 and $96,000, but on-chain signals suggest the cryptocurrency is on the verge of a massive breakout. Data from blockchain analytics platform CryptoQuant indicates that BTC could witness a sharp and significant uptick within the next one to two months.
According to a report by pseudonymous digital asset analyst Crypto Dan, a signal usually seen once or twice in each bull market has just appeared. It indicates that BTC could skyrocket soon as it approaches the final phase of this cycle.
BTC Could Skyrocket in 2 Months
The signal called the golden cross of the Spent Output Profit Ratio (SOPR) indicator entails the SOPR 365-day moving average crossing the SOPR 30-day moving average. Only in bull seasons have these indicators

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Here’s Why Bitcoin Dominance is Less Likely to Decline Soon And What It Means for Altcoins

November 29, 2024

Despite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon.
Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull cycles.
Ju’s findings indicate that the altseason, where capital leaves BTC and flows into altcoins, may not be as close as market experts have predicted.
Bitcoin Dominance Less Likely to Fall
According to Ju, Bitcoin’s growth rate in this cycle makes it less likely for its dominance to plunge. The asset’s growth this year has been fueled by several factors, including the launch of spot exchange-traded funds

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Can Bitcoin’s Price Surge Above $100K? On-Chain Says So (CryptoQuant)

November 29, 2024

Bitcoin (BTC) is still far from the overvalued levels that indicate the end of a bull cycle despite having rallied above $99,000 last week.
According to on-chain data analyzed by CryptoQuant, the cryptocurrency can still surge past $100,000 to $146,000, the top target from a realized price valuation perspective. This perspective indicated the top price for BTC in previous cycles, including the rally witnessed in April-May 2021.
No Signs of a Bitcoin Market Top Yet
Bitcoin valuation metrics strongly signal that the cryptocurrency is still in a bull market and has not entered overheated levels yet. One indicator is the CryptoQuant Profit and Loss index, which hovers above its 365-day moving average.
Another metric is the CryptoQuant Bull-Bear Market Cycle Indicator, which

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Layer-1 Assets Rally as Market Anticipates Trump’s Pro-Crypto Administration: CryptoQuant

November 24, 2024

The promise of a pro-crypto regulatory environment led by the incoming administration of the United States President Donald Trump has triggered a positive effect among cryptocurrencies, with the native assets of layer-1 blockchains raking in substantial gains.
According to a CryptoQuant report, crypto assets like XRP, TRX, Toncoin (TON), SOL, ADA, the native assets of Ripple, Tron Network, The Open Network, Solana, and Cardano, respectively, have witnessed significant rallies since the conclusion of the U.S. presidential elections.
Layer-1 Coins on the Rise
Ripple’s native cryptocurrency, XRP, has surged over 120% to $1.40 since the elections, crushing the $1 mark for the first time in three years. Data from CoinMarketCap shows the asset is up more than 166% monthly and

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Bitcoin Fear and Greed Index Hits 3.5-Year High: Does it Hurt BTC’s Chances for $100K?

November 23, 2024

Bitcoin (BTC) has been flirting with the $100,000 mark over the last 48 hours as optimism for a higher rally engulfs the market. As a result, investors have become very greedy.
Data from the Crypto Fear and Greed Index, which tracks investor sentiment across the market, indicates that participants are in an extremely greedy phase. This is evident in the index figure rising above 90 to hit 94 for the first time in three years.
Investors Become Extremely Greedy
The fear and greed index gauges investor sentiment by analyzing several factors, including market volatility, social media trends, momentum, and Bitcoin dominance. When the index sits close to 0, it is usually a sign of extreme fear among investors, while a figure close to 50 signals neutrality in the market. As the

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Here’s What Users Expect as Donald Trump Begins Tenure as Crypto President: Bybit

November 23, 2024

It’s been barely a few weeks since the pro-crypto candidate Donald Trump won the United States presidential elections, and the digital asset market still feels the impact of that victory. As the Trump administration prepares to take complete charge of affairs at the White House by January, crypto users anticipate what this could mean for the industry.
According to a quarterly institution report by the digital asset exchange Bybit and the crypto research firm Blocks Scholes, market participants are expecting a transformative period in the industry, with a focus on areas like heightened institutional interest, regulatory reforms, and increased value for bitcoin (BTC) and altcoins.
Trump to Provide Regulatory Clarity
Trump was previously a crypto skeptic, but he eventually

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Retail Investors Persist in Holding ETH Despite Asset’s Recent Surge: CryptoQuant

November 22, 2024

Since the Trump Trade narrative ran its course in the crypto market, several digital assets, including Ethereum, have surged in value; however, while most coins have seen investors take profits, the same cannot be said for ETH.
According to a CryptoQuant report by pseudonymous analyst Onatt, retail ETH investors appear to be holding their positions instead of taking profits, suggesting that many traders still see the cryptocurrency as undervalued.
Retail ETH Investors Not Selling
Ether was worth $3,100 at press time, with a 24-hour slight increase of 0.2% and a seven-day plunge of 2.7%. The cryptocurrency has done well monthly, recording a 17.76% rally. Despite its 38% surge year-to-date, investors have remained persistent in holding their positions.
The evidence that

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Arthur Hayes Explains How Bitcoin’s Price Could Soar to $1M

November 12, 2024

Bitcoin (BTC) has been on a bullish price movement for over a week, fueled by Donald Trump’s presidential election victory. The leading cryptocurrency has unlocked multiple all-time highs (ATHs), tapping $90,000 earlier today.
Arthur Hayes, the co-founder of the BitMEX crypto exchange, believes that the crypto asset could attain a price height of $1 million if Trump’s administration adopted the Chinese government’s economic development model.
Trump’s Tenure to Boost the Economy
In his latest article titled “Black or White?” Hayes highlighted how Trump’s latest tenure as the United States’ 47th president could embrace China’s economic development model.
Calling it the “American Capitalism with Chinese Characteristics,” the BitMEX co-founder enlisted various adjustments he

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Bitcoin Shows Strong Fundamentals, Follows Patterns Seen in Previous Elections: CryptoQuant

November 10, 2024

Although crypto investors are still on the sidelines due to the just-concluded United States presidential elections, CryptoQuant analysts say Bitcoin is showing strong fundamentals and follows a bullish pattern seen in previous U.S. elections.
According to a weekly report, one positive fundamental from a valuation perspective is that BTC is currently fairly valued and not overvalued. This means that a positive catalyst stemming from the elections could trigger a major rally in the asset’s price.
Bitcoin’s Fundamentals Are Strong
Following the last three U.S. presidential elections in 2012, 2016, and 2020, BTC surged 22%, 37%, and 98% from the election days to the end of each year. So far, in 2024, BTC has recorded a similar performance. The crypto asset has already

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CRO Explodes by Double Digits as Crypto.com CEO Reveals 2025 Roadmap

November 6, 2024

Cronos (CRO), the native token of a blockchain developed and run by the cryptocurrency exchange Crypto.com, has recorded double-digit gains following the unveiling of the 2025 roadmap for the leading digital asset trading platform.
According to data from CoinMarketCap, CRO surged 31.9% from $0.072 to $0.095 a few hours after Crypto.com’s CEO Kris Marszalek revealed the roadmap. Although the coin had fallen slightly to $0.085 at the time of writing, it was still up 19% daily.
Crypto.com Unveils 2025 Roadmap
Crypto.com’s roadmap for next year shows the exchange is expanding its crypto offerings, adding stocks, banking, and card services.
In late August, the platform partnered with the multinational financial services giant Standard Chartered to offer banking and payment

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