Terraform Labs has recently come to a settlement agreement with the Securities and Exchange Commission (SEC), agreeing to pay a hefty fine of $4.47 billion for their involvement in fraudulent activities related to the defunct Terra blockchain. This settlement comes after the SEC filed charges against Terraform and its co-founder, Do Kwon, for securities fraud
Crypto
ENA, the native token of Ethena, has been experiencing considerable selling pressure in recent weeks. This downward trend led to ENA plummeting to $0.73, marking its lowest price point since May 20th. As a result, ENA stakers have suffered substantial losses, with the largest ENA staker unstaking their entire 23.24 million ENA holding, valued at
The cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, with Bitcoin and Ethereum posting gains of 3.4% and 2.43% over the past 24 hours, respectively. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to surpass $4,000. Investors
The financial sector is currently facing vulnerability in risk assets, leading market experts to raise concerns about potential economic factors that could affect the price of bitcoin (BTC) and potentially push it into a “slow bleed environment.” Concerns have arisen due to hesitations around whether United States authorities will make immediate cuts to interest rates.
The US spot Bitcoin ETFs, including GBTC, had a notable beginning in June despite some signs of diminishing hype. These ETFs collectively purchased 25,729 BTC in the first week of the month, almost matching the total amount acquired in May. The data from HODL15Capital revealed that since their introduction in mid-January, these spot Bitcoin ETFs
Bitcoin, the leading cryptocurrency, experienced a weekend with uneventful price actions. Despite a brief uptick towards $70,000, the asset quickly retraced back to familiar levels. This lack of significant movement left many traders and investors waiting for a breakthrough that never came. The accompanying altcoin market also displayed a similar sense of inertia. With the
Looking back at the last market cycle, altcoin and Bitcoin pairs experienced a capitulation in June 2019, just prior to the United States Federal Reserve cutting interest rates. Interestingly, the chart pattern for the current cycle mirrors that of the past. If history is any indication, we may be on the brink of another significant
The cryptocurrency market has been abuzz with speculation and predictions, with experts weighing in on the potential for Bitcoin to reach a new all-time high. CEO Markus Thielen of 10x Research recently shared his insights, pointing to a “head and shoulders” chart pattern that suggests a rally towards $83,000 in the near future. Despite hitting
Core Scientific, a key player in North America’s digital infrastructure sector, has revealed a groundbreaking strategic collaboration with CoreWeave, an AI Hyperscaler. This partnership involves a series of long-term contracts lasting over 12 years, marking a significant milestone for Core Scientific as it delves into the AI data center domain. Under this agreement, Core Scientific
Recently, Coinbase CEO Brian Armstrong announced that one million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. This surge in support has been attributed to various factors, including the threat of a Whitehouse veto and recent bipartisan victories in Congress. Armstrong highlighted the non-partisan nature of the movement and