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The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has plummeted to 68.5%, the lowest level observed this year. Historically, such a drop has preceded significant price surges; for example, a similar decline in 2023 was followed by a remarkable 273% increase in Bitcoin’s price. #Bitcoin UTXOs in Profit Drop to Lowest Level This … Read more
Ether holders are feeling increased pressure as recent market activity reveals. In the past week, a significant 312,183 ETH, valued at approximately $751 million, has been moved to exchanges. This move suggests rising uncertainty among investors about the future of Ethereum. Ether holders are facing increased pressure. In the past week alone, 312,183 $ETH (worth … Read more
The crypto community is buzzing after $NEIRO skyrocketed 175% following Binance’s announcement of the launch of its perpetual contract. While everyone’s in disbelief sidelined from the recent $NEIRO pump, WinterMute is bidding their own money and now has $150k worth at current prices. Woof. pic.twitter.com/d0XvvZ8GIX — Zach (@CryptoZachLA) September 6, 2024 While many remain on … Read more
The TON blockchain ecosystem has experienced remarkable growth this year, positioning itself as one of the most active players in the space. With close to 52 million addresses holding a balance, $TON has emerged as a key contender in the blockchain landscape. A key driver of this recent surge has been the $DOGS airdrop, which … Read more
Sui Network ($SUI) is making waves in the blockchain space, positioning itself as one of the most innovative platforms in the world. Currently, the network is testing a groundbreaking concept—using radio waves to conduct crypto transactions without the need for internet connectivity. This could potentially address one of the most significant limitations in the blockchain … Read more
During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s … Read more
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions … Read more
The U.S. Securities and Exchange Commission (SEC) has issued a bulletin warning about the risks of bitcoin and ether exchange-traded funds (ETFs), highlighting their speculative nature. The regulator urged investors to consider potential issues like price volatility, fraud, and lack of regulatory oversight. SEC Warns Investors About Risks in Bitcoin and Ether ETPs The U.S. … Read more
Crypto exchange Tokocrypto, a part of Binance Group, has achieved a major milestone by securing the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), allowing it to operate as a licensed crypto asset trader. This move highlights Tokocrypto’s commitment to regulatory compliance and strengthens its position in Indonesia’s growing … Read more
Bitcoin may rise to $90,000 by the end of the year if former U.S. President Donald Trump wins the presidential election, according to brokerage and research firm Bernstein. The firm’s analysts believe that Trump’s pro-crypto stance and regulatory reforms could boost the cryptocurrency market while a Kamala Harris victory may cause bitcoin to fall below … Read more