Markets

It’s been a tough week, and there are no two ways around it. The total cryptocurrency market capitalization declined by more than $70 billion as Bitcoin’s price dipped below $64K. It’s been somewhat of a rollercoaster ride throughout the past seven days as the BTC price attempted to recover on a few occasions but failed to regain its position. Last Friday, the cryptocurrency tumbled toward $65K but the bulls were quick to recover during the weekend. As soon as the new week...

Historically, Bitcoin has played a crucial role in driving market trends. Due to this substantial influence over other cryptocurrencies, BTC has, time and again, served as a primary indicator. While long-term holders of Bitcoin started liquidating their positions in January, their Ethereum counterparts have been steadily accumulating. Divergence Among Ethereum Holders The behavior of long-term holders is crucial for gauging market cycles. As price increases, these investors...

Sealana is a chubby seal-themed meme coin that’s been making waves on the Solana blockchain. And with just four days left in presale and over $5 million in funding raised, early backers are speculating Sealana (SEAL) could explode in value after it hits the open market. Sealana Presale Raises $5M – 4 Days Left to Get Involved Sealana isn’t aiming to be another copycat meme coin. Instead, the token is setting itself apart with a design that hasn’t been seen before. This...

Stablecoin issuers now hold over $120 billion in US Treasury notes, becoming the 18th largest holder of US Debt and overtaking numerous nations. Out of the $120 billion, Circle holds about $29 billion and Tether holds a whopping $91 billion. The former holds short-dated US Debt, like repos, and the latter holds Treasuries. However, concerns begin to mount as demand for US Debt grows in the crypto industry and elsewhere, and the US needs to consider appropriate debt management measures....

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With spot Ethereum ETFs on the horizon in the United States, should existing Bitcoin ETF holders split their crypto holdings into ETH? In a Twitter thread on Thursday, Bitwise CIO Matt Hougan offered three reasons for why this might be a good idea. Why Bitcoin Holders Should Buy Ethereum The first, Hougan wrote, is for the sake of diversification. Since predicting the future of crypto is difficult, holding a stake in both leading assets can provide investors relief in case...

- Ad - Bitcoin traders are going in heavy on shorting BTC, expecting it to not cross $70,000 in the short-term. If it does, $1.6 billion in short contracts will be wiped out. The last time BTC hit that price was on June 8, after which it dropped to below $70,000 and went down even further to under $65,000. Despite that, the market looks incredibly bullish for BTC. BTC Open Interest (OI) stands 82% higher than it did during the start of the year. OI refers to the outstanding futures...

TL;DR Ethereum’s popularity surged after the US SEC closed a particular investigation related to the asset and Pantera Capital announced plans to invest $100 million in a spot ETH ETF. Other recently-trending cryptocurrencies include the Trump-themed DJT token, ENS, and Fetch.ai (FET), which saw a 30% price increase. Attracting the Most Attention The crypto market intelligence platform Santiment revealed that Ethereum (ETH) has witnessed the largest rise in trader interest...

The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat. The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in profit, thereby demonstrating its continued dominance in the market despite the launch of a flurry of different types of tokens...

[PRESS RELEASE – Palo Alto, United States, June 20th, 2024] Multi-year agreement combines Aptos’ blockchain technology and Web3 onboarding guidance provided by Aptos Labs with NBCUniversal’s globally recognized media and entertainment brands. Aptos Labs today announced a long-term strategic development agreement with NBCUniversal aimed at revolutionizing fan experiences, loyalty and gaming through blockchain technology and Web3. The agreement will explore integrating...