Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital said that Bitcoin price action has been resilient despite ongoing challenges such as the...
Read More »Bybit Bitcoin and USDT Holdings Surge According to 12th Proof of Reserves Report
Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held 48,298 BTC against a user balance of 44,872 BTC as of July 10th. The exchange’s wallets also contain 438,107 ETH and...
Read More »Bitcoin Rockets To $66,400, Triggering $131 Million In Liquidations
Bitcoin’s price surged back above $66,000 on Friday, reclaiming its highest market value since early June. The digital asset ripped from $64,102 at 13:27 UTC on Thursday up to $66,472 at 17:00 UTC. It trades for $66,332 at writing time. This is the highest price Bitcoin has achieved since early June, shortly after the Securities and Exchange Commission (SEC) approved Ethereum (ETH) spot ETFs for listing on national securities exchanges. Experts say the first set of Ethereum...
Read More »21,000 Bitcoin Options Set to Expire Today, What’s Next for BTC Price?
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Read More »XRP Soars 20% as Trading Volume Flips Bitcoin on South Korean Exchanges
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Read More »Bitcoin Pushes $66K Following Donald Trump Assassination Attempt, and More: This Week’s Crypto Recap
It’s been a good week for the cryptocurrency market. Its total capitalization increased by more than $250 billion, currently sitting above $2.5 trillion, thanks to considerable gains across the board. But what seems to have triggered this recovery is an event that many describe as one of America’s darkest days. Indeed, it was the assassination attempt of US Presidential candidate Donald Trump that fueled the market’s recovery. The reason is pretty simple. Many seem to believe...
Read More »Crypto Winter Hits Meme Coins as Dogecoin and Pepe Decline
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Read More »Experts Say Don’t Buy BlockDAG (BDAG) And DTX Exchange (DTX), ETFSwap (ETFS) Is The Only Presale Worth Buying
Experts have analyzed the potential of the ETFSwap (ETFS) platform to transform DeFi and the ETF market and have recommended that buying the presale is worth more than investing in BlockDAG (BDAG) and DTX Exchange (DTX). ETFSwap (ETFS) Is The Only Presale That Matters The ETFSwap (ETFS) platform is decentralizing the traditional finance marketplace by leveraging blockchain technology to provide tokenized versions of ETFs and real-world assets. as a means of bridging traditional ETFs...
Read More »Unpacking the WazirX Hack: What Happened and How Much Crypto is Lost
WazirX, the largest Indian cryptocurrency exchange, was hit by a security breach in one of its multisig wallets on Thursday. The incident resulted in the loss of over $230 million from the multisig wallet. Over $230 Million Stolen in WazirX Breach The company announced the attack in a post on X: At WazirX, our commitment to transparency and community welfare is paramount. There was a cyber attack on one of our multisig wallets. Below are the preliminary findings to clarify...
Read More »Hackers Trying to Brute Force Their Way into Mt. Gox Accounts Amidst Repayments
Mt. Gox creditors reported hackers trying to log into their accounts multiple times, with the defunct exchange sending them notifications through numerous failed attempts. As the exchange began paying its creditors, cybercriminals focused on breaking into their accounts to siphon large sums of bitcoin and Bitcoin Cash. Reddit users on the r/mtgoxinsolvency subreddit posted their experiences, confused about what to do now that they experienced the hacking attempts. User u/ovkovk posted, “Just...
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