The recent surge in ETH withdrawals from centralized exchanges indicates that crypto whales are anticipating a price recovery for Ethereum. Analysts have noted a significant decrease in the amount of ETH held on exchanges, reaching levels not seen since 2016. This trend is attributed to both small and large investors withdrawing their holdings, leading to
The Bitcoin market is currently experiencing an expiry event with around 20,000 Bitcoin options expiring, amounting to a notional value of $1.35 billion. While today’s expiry event is relatively small compared to previous weeks, a much larger expiry event is scheduled for June 28, with $6.7 billion worth of derivatives expiring. The current put/call ratio
The cryptocurrency market has been experiencing a period of stagnation, with major cryptocurrencies like Bitcoin unable to make decisive moves. Bitcoin’s price has been hovering around the $67,000 mark, failing to break through this crucial level. Despite attempting to push past $68K recently, the sellers managed to halt any further upside movement. This choppy price
STORM Partners, a leading blockchain services provider, recently made a groundbreaking announcement at the Web3Fest event in Switzerland’s “Crypto Valley.” Alongside Cardano, MultiversX, and other prominent projects in the crypto space, the company revealed its latest initiative, Lightningbox. This innovative Web3 Sandbox aims to drive digital transformation efforts for large enterprises in Europe by leveraging
Bubblemaps, a blockchain analytics platform, has recently brought to light some concerning allegations regarding insider trading activity in meme coin projects promoted by influencers Andrew Tate and Iggy Azalea. The platform revealed that at the launch of the DADDY coin, insiders had allegedly acquired a significant portion of the token supply, totaling over $45 million
Charles Hoskinson, the founder of Cardano, recently discussed the missed opportunities for a potential partnership with tech mogul Elon Musk on the Thinking Crypto podcast. Despite numerous outreach efforts by his team to Musk’s companies, including offers of free work to combat bot issues on X (formerly Twitter), the response has been silence. This lack
The European Banking Authority (EBA) has recently released a set of comprehensive guidelines focusing on recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. This regulation aims to provide a framework for the issuance and management of digital tokens in the European Union. It covers
The selection of the IOTA Foundation’s Web3 Identification Solution for the European Blockchain Sandbox program marks a significant step forward in the realm of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. This decision plays a crucial role in shaping discussions on regulatory considerations surrounding KYC and privacy, especially as decentralized finance (DeFi) gains
Coinbase recently expressed disapproval of the SEC’s proposed $2.6 billion budget for the 2025 fiscal year. The cryptocurrency exchange highlighted the lack of allocation towards real crypto rulemaking in the budget, which instead focused on enforcement measures. This criticism sheds light on ongoing tensions between regulatory bodies and industry players in the crypto space. The
The decision of major retail companies in South Korea, such as Lotte and Hyundai, to withdraw from the non-fungible token (NFT) market marks a significant shift in their digital strategies. This move comes in response to a slowdown in the NFT industry and a refocusing of resources towards their core business operations. Lotte Home Shopping,