Traders Warned Against Shorting Every Market Pump
Crypto analyst Whale Analysis cautions against shorting cryptocurrencies with unexplained pumps, citing CYBER, PERP, TRB, and HIFI as examples. Key Points In a recent post on the X app, Whale Analysis, a prominent figure known for helping people navigate the bear market, warned cryptocurrency traders against shorting every pump they encounter. According to Whale Analysis, there is a new trend …
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FTX Aims to Sell $3.4 Billion in Bitcoin, Ether, SOL
Cryptocurrency prices decline amid worries that FTX may sell $3.4 billion in assets to repay creditors, with Bitcoin, Ethereum, and other major tokens experiencing losses. Key Points Cryptocurrencies experienced a significant decline on Monday amid concerns over potential selling pressure from digital asset exchange FTX. Investors are wary that FTX may receive regulatory approval to sell its $3.4 billion worth of …
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Volume of Russian Ruble on Binance Plunges by 83%
Trading volume of Russian Rubles (RUB) and Ukrainian Hryvnia (UAH) on Binance has sharply dropped due to the Russia-Ukraine conflict and market conditions. Key Points The monthly trading volume of Russian Rubles (RUB) on the Binance Exchange has reportedly declined more than 83% in the past two years. The trade volume of Ukrainian Hryvnia (UAH) on the world’s largest crypto …
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Report Record Number of 48.5 Million Bitcoin Holders
Despite recent price fluctuations, Bitcoin hits a record 48.5 million holders, with whales accumulating more BTC and boosted investor confidence. Key Points In the ever-volatile space of digital assets, the largest cryptocurrency by market cap, Bitcoin (BTC), has captured the attention of crypto enthusiasts as the number of BTC holders reaches a staggering 48.5 million, exceeding the entire population of …
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Could an Early Decision Surprise Regarding the Delay of SEC’s Bitcoin ETF?
Anticipation builds around the U.S. SEC’s August 13 deadline for the ARK Bitcoin ETF decision, with experts predicting a likely delay. Key Points The impending decision regarding a Bitcoin exchange-traded fund (ETF) has sparked significant anticipation among investors and crypto enthusiasts. The second deadline for the U.S. Securities and Exchange Commission (SEC) to decide on the ARK ETF is set …
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Ripple Labs Achieves ISDA Membership
Ripple’s entry into the International Swaps and Derivatives Association (ISDA) signals growing acceptance of digital assets in finance, while bold predictions arise about XRP’s price potential. Key Points Ripple Labs, a prominent player in the cryptocurrency market, recently achieved a significant milestone by becoming a member of the International Swaps and Derivatives Association (ISDA). The ISDA, known for its association …
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Justin Sun and Others to Address Potential Curve Finance Bad Debt
Tron founder Justin Sun and other backers help Curve Finance founder Michael Egorov after a $47 million hack, stabilizing his loans and mitigating DeFi risks. Key Points Tron founder Justin Sun and other backers have come forward to alleviate a potential bad debt crisis faced by Curve Finance founder Michael Egorov. The decentralized protocol recently experienced a $47 million hack, …
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SEC Sues Hex Founder for Violation of Securities Laws
The SEC files a lawsuit against Richard Schueler (Richard Heart) for conducting unregistered offerings of HEX, PulseChain, and PulseX tokens. Key Points The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Richard Schueler, also known as Richard Heart in the crypto industry, for conducting unregistered offerings of three tokens: HEX, PulseChain, and PulseX. The SEC alleges that …
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Aptos Foundation to Host Global Aptos Hackathon
The Aptos Foundation plans a global hackathon in Singapore, encouraging web3 innovation in crypto verticals like DeFi and NFTs. Key Points The Aptos Foundation, the crypto organization behind the layer 1 proof of stake blockchain Aptos, has recently announced that it will be hosting a global hackathon in Singapore. The hackathon is scheduled to take place between September 11-13, 2023, …
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Influencer Layah Heilpern’s Scripted Conversation on Damex
Crypto influencer Layah Heilpern faces backlash as an on-chain sleuth exposes her scripted promotion of Damex, raising concerns about her credibility and undisclosed partnerships. Key Points The crypto community was left stunned when renowned on-chain sleuth ZachXBT exposed popular influencer Layah Heilpern in a recent Twitter post. The post shared a conversation between Layah and her manager Gideon Heilpern, where …
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