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The Sui Network recently unlocked 64.19 million $SUI tokens, representing 2.47% of the circulating supply. These tokens have been allocated for various purposes, including bolstering the community reserves. Typically, token unlocks can create market volatility, often leading to either a price surge or a significant sell-off. However, despite the token unlock, $SUI has maintained an … Read more
The Arbitrum project continues to face disappointment from the crypto community, with persistent token unlocks adding pressure to an already shaky sentiment. Today, 92 million Arbitrum tokens (approximately 0.93% of the total supply) will be unlocked, fueling concerns about further price drops. In addition to this, the project is dealing with the pressure of 4.28 … Read more
Bitcoin exchange depositing addresses have dropped to their lowest point since 2016, suggesting a significant decrease in the number of investors selling their coins on spot exchanges. This trend hints at a potential reduction in selling pressure, a bullish sign for long-term holders as fewer coins are being offloaded into the market. #Bitcoin Base Cost … Read more
According to CoinShares, digital asset investment products saw a notable $436 million in inflows last week, with Bitcoin dominating the field, attracting the entire $436 million. On the other hand, Ethereum experienced $19 million in outflows, highlighting growing bearish sentiment around the asset. Blockchain stocks also showed strength, receiving $105 million in inflows. According to … Read more
In the past 24 hours, over $270 million worth of BNB has been deposited onto Binance, signaling strong activity and interest in the token. This significant influx comes as BNB enthusiasts recall its impressive performance during previous market cycles. Approximately 280 days after the last Bitcoin halving, BNB saw a remarkable 7.5x increase from its … Read more
Despite being just a week old, $CATE has already captured the attention of Key Opinion Leaders (KOLs) and savvy decentralized exchange (DEX) traders. Though it’s currently down 50% from its all-time high, the token continues to see substantial accumulation from top holders, signaling strong investor confidence. In the last 24 hours, Smart Money buy volume … Read more
Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Cathedra Bitcoin Ditches Mining … Read more
On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: … Read more
Peter Schiff, Chief Economist and Global Strategist at Europac, has criticized the lack of coverage that major economic media outlets have given to the recent surge in gold prices to record highs. However, Schiff characterized this lackluster coverage and the absence of experts addressing this subject as “bullish.” Economist Peter Schiff Blasts Economic News Sites … Read more