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$CAH, currently 80% away from its recent all-time high of $53.77, has demonstrated remarkable resilience over the past month, bouncing back 100% from its recent lows. But what’s fueling this momentum, and is a significant upward move on the horizon? Let’s dive into the key on-chain factors driving $CAH’s potential breakout: Whale Activity: A substantial … Read more
In a significant development, the Polygon Foundation has announced the upcoming migration from $MATIC to $POL, a hyperproductive token designed to enhance utility, scalability, and productivity across the Polygon network. This transition, set for September 4, promises to redefine the role of native blockchain tokens. POL goes beyond the traditional and introduces the concept of … Read more
Litecoin ($LTC) has been on a volatile yet steady downward trajectory, mirroring the broader crypto market’s retracement. Notably, $LTC has historically moved counter to the market, but today’s decline suggests a shift in sentiment. $LTC is witnessing a significant decline in the number of small-balance holders, indicating that weak hands may be capitulating as the … Read more
In a surprising turn of events, Ripple has emerged as the fifth largest donor in the US election cycle, contributing a staggering $49.9 million. This move solidifies Ripple’s position as a major player in the crypto space, leading the pack in terms of political influence. 🚨BOOM! #Ripple has emerged as the fifth largest donor in … Read more
A whale who had previously excelled in Ethereum trades, earning a staggering $38M (+26.7%) from November 2022 to May 2024, has now suffered a significant loss. The whale deposited 8,825 $ETH ($24.1M) to Binance, leaving behind 10,619 $ETH ($28.5M) with an estimated total loss of $15.7M (-23%) from their ongoing third Ethereum trade. Market turbulence … Read more
A minor 2.2% price drop in Bitcoin over the past 24 hours has triggered a significant 7.5% decline in total open interest on exchanges. In contrast, Ethereum and Solana’s open interest has remained relatively stable. This disparity suggests a few key takeaways: 📉 While Bitcoin has seen a mild -2.2% price drop in the past … Read more
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal … Read more
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital … Read more
The U.S. Department of State and the Republic of Korea’s Ministry of Foreign Affairs co-hosted a symposium in New York City on Tuesday, focusing on protecting the virtual asset industry from exploitation by North Korea (DPRK) and disrupting its revenue generation. The event aimed to curb DPRK’s efforts to fund its weapons of mass destruction … Read more
Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves from scams, such as verifying URLs and using two-factor authentication. “Unfortunately, bad actors have been around for centuries and are not going away anytime soon,” … Read more