The crypto market is known for its volatility and potential for quick gains. Investors often look for micro-cap coins with the hope of finding the next big thing. However, it is important to understand the risks involved in such investments and to tread carefully in the world of shitcoins and meme coins. While Bitcoin (BTC)
The recent surge in Bitcoin open interest has been notable, with the open interest reaching historical levels not seen since 2021. According to Coinglass data, the Bitcoin open interest has soared to over $24 billion, representing a significant 50% increase since the beginning of 2024. The last time the Bitcoin open interest reached such heights
In a recent announcement, cryptocurrency exchange Binance revealed that it would be discontinuing trading and subscription services for its leveraged token offerings. This decision, set to take effect on Feb. 28, will impact tokens such as Bitcoin, Ethereum, and BNB Coin. Binance plans to delist these tokens and cease redemption by April 3. The affected
Yuga Labs, a key player in the world of Web3 innovation, has recently made waves with its acquisition of PROOF. This strategic move is aimed at enhancing Yuga Labs’ position as a leader in the Web3 space. By bringing PROOF under its umbrella, Yuga Labs is not only expanding its presence but also solidifying its
Bitcoin (BTC) recently broke through the $50,000 mark, reaching levels not seen since December 2021. The cryptocurrency has continued to climb, currently trading above $51,900. Analysts at CryptoQuant attribute this surge in price to the high demand generated by recently approved spot Bitcoin exchange-traded funds (ETFs). With an estimated 75% of new investments in Bitcoin
In the last few days, the Bitcoin price has shown significant upward movement, surpassing the $50,000 mark for the first time in years. Nonetheless, a well-known crypto analyst on the X platform has raised concerns about potential bearish pressure in the near future. According to the analyst, investors should be prepared for a correction in
As the Bitcoin industry eagerly anticipates the arrival of a Bitcoin ETF, there is a growing concern that the custody of these assets may fall into the hands of traditional financial institutions like Goldman Sachs and JPMorgan. This shift towards institutional custodianship represents a departure from the original ethos of Bitcoin, which aimed to eliminate
Recently, US prosecutors filed a sentencing memo asking a federal judge to approve the plea deal involving Binance and its former CEO, Changpeng Zhao (CZ). The plea deal, which took place in November 2023, involved charges of money laundering and sanctions violations. This agreement required Binance to pay a staggering $4.3 billion in criminal penalties,
In anticipation of the fourth halving in just a couple of months, miners are ramping up their operations on the Bitcoin blockchain. The mining difficulty metric spiked by over 8% recently, reaching a new record high. This metric is crucial for maintaining the block production ratio and adjusts every 2,016 blocks based on the mining
Cardano’s price recently broke through the $0.61 resistance level on February 16, indicating a positive trend in the cryptocurrency market. This surge in price can be attributed to the substantial inflow of capital into the Layer-1 altcoin sector, making ADA one of the best-performing mega-cap crypto assets of the week. Despite this bullish momentum, the