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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Singapore’s Central Bank Bans Crypto Founders from Financial Markets
Singapore’s central bank, MAS, has banned Three Arrows Capital founders for nine years due to breaches including false information. Key Points Singapore’s central bank, the Monetary Authority of Singapore (MAS), has taken action against Three Arrows Capital, one of the major cryptocurrency firms, by banning its founders from participating in financial markets within the city-state for a period of nine …
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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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Study Reveals Almost Half of Institutions Offer Digital Asset Services
Nearly 50% of asset management institutions in the US, UK, and Europe offer digital asset services despite regulatory challenges. Key Points A recent survey conducted by Coalition Greenwich and Amberdata has found that nearly half of asset management institutions in the United States, UK, and Europe offer digital asset services to their clients. The study, titled “Digital Assets: Managers Fuel …
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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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Shiba Inu Token $SHIB Transferred from Coinbase to Inactive Account
A massive $SHIB transaction from Coinbase to a dormant account raises intrigue, while the token’s value soars post-SEC announcement. Key Points In a recent observation of blockchain data by 0xScopescan, a notable transaction involving the Shiba Inu token ($SHIB) has caught the attention of the crypto community. The transaction involved a dormant account that received a massive 841 billion $SHIB, …
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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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Ripple (XRP) Price Drops 25% After SEC Win
XRP’s value dips almost 10% in a week amidst broader crypto market stagnation, despite recent positive developments in the wake of Ripple’s SEC case. Key Points In the midst of a lackluster price movement across the wider cryptocurrency market, XRP experienced an unusual downward trend. The cryptocurrency recently became the fifth-largest crypto by market cap owing to Ripple’s partial but …
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