Tag Archives: AA News

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...

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...

Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of “global economic money” within the next decade or so. Allaire shared his vision in a June 19 X post, revealing the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins Could Revolutionize Global Economy Allaire noted that stablecoins, a ‘killer app’ for crypto, have enhanced cross-border commerce, reduced remittance costs, and provided banking solutions...

Crypto exchange Kraken says it got its money back from the “security researchers” that took $3 million from the platform this year. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees),” tweeted Nick Percoco, Chief Security Officer for Kraken, on Thursday. Kraken Gets Its Money Back Though Kraken first refused to identify the culprits, blockchain security experts at CertiK outed themselves on Wednesday as the ones behind the hack....

The decentralized layer-1 blockchain, The Open Network (TON), has grown into one of the most popular chains and is seeing high activity as users flock to the ecosystem. A CryptoQuant Quicktake by an analyst revealed that the network’s on-chain metrics are skyrocketing, with its daily transfer volume reaching 10% of Bitcoin’s figures. These parabolic metrics highlight the network’s unwavering growth. TON Reaches 10% of Bitcoin’s Capacity The average daily transfer volume of...

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...

Cryptocurrency investors have shown extreme levels of fear and uncertainty toward bitcoin (BTC) over the past month. According to on-chain data analysis firm Santiment, this extended period of negativity is unusual and could signal a potential buying opportunity for those who can endure the market’s inherent volatility. Record FUD Levels and Whale Accumulation Many investors are anticipating a rebound in bitcoin (BTC) prices after several weeks of stagnant trading. Despite...

According to a recent report, Montenegrin Prime Minister Milojko Spajić has been identified as one of the early investors in Terraform Labs. Court documents released by the U.S. Securities and Exchange Commission (SEC) reveal that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens, which at their peak were valued at $90 million. Spajić Faces Potential $90 Million Loss The documents indicate that Spajić was the 16th investor during Terraform Labs’ initial...

The cryptocurrency market has been lackluster, with top assets trading sideways, showing minimal volatility and limited price movement. Despite this period of stagnation, data suggests that most of these digital assets are undervalued and have more upside potential. SHIB, DOGE, ADA Immensely Undervalued According to Santiment’s latest findings, the 30-day Market Value to Realized Value (MVRV) ratio found several assets to be undervalued. A lower MVRV ratio indicates that...

After making a comeback above $0.50 yesterday, XRP noted a mild decline from the level in the past 12 hours or so. The brief uptrend, however, wiped its weekly losses, making XRP the only top cryptocurrency in the green during the same period, with a slight rise. Investors Flock to XRP In line with the price action, XRP saw a surge in open interest (OI) as traders continued to closely monitor the ongoing legal battle between Ripple and the US Securities and Exchange...