The cryptocurrency market has experienced a recent surge in selling pressure, particularly affecting meme coin PEPE. Large investors have been offloading their PEPE holdings, leading to concerns about the future of the coin. On-chain data from Santiment reveals that the reserves on exchanges have reached the highest level in two months, with 40.59% of the
Coinbase Prime, the leading crypto platform catered to institutional investors, has experienced a significant increase in trading activity after the introduction of spot Bitcoin ETFs in the United States. The analysis conducted by CryptoSlate reveals a surge in the inflow of funds to a hot wallet on Coinbase Prime over the past week. This wallet,
Financial authorities in South Korea are exploring the implementation of specific regulatory measures to address the misuse of cryptocurrency mixers in illicit financial activities. Originally designed for privacy protection, these mixers have increasingly become a tool for criminals to launder money, thus raising concerns among regulators. The Financial Intelligence Unit (FIU) of South Korea’s Financial
The Web3 gaming industry has become the latest target of a sophisticated scam that preys on developers and game enthusiasts. The scam begins innocuously enough, with a Twitter direct message from an account named @ameliachicel, offering an exciting job opportunity related to a Web3 game called MythIsland. The job is specifically for a Solidity position,
In recent days, Dogecoin (DOGE), the meme coin backed by Elon Musk, has experienced a significant price correction, witnessing a decline of over 14% in the past 30 days. The decline can be attributed to the waning sentiment surrounding the hype generated by the approval of Bitcoin Exchange Traded Funds (ETFs) and the lack of
In a recent prediction, Ash Crypto, a well-known figure in the crypto trading community, has suggested that the approval of US spot Bitcoin Exchange-Traded Funds (ETFs) could potentially drive the price of Bitcoin to $500,000. Drawing a parallel to the gold market, Ash Crypto highlights how the introduction of gold ETFs resulted in a significant
The recent actions taken by Celsius, a bankrupt lending firm, have garnered attention as the company transfers more than $125 million worth of Ether to crypto exchanges in an effort to repay its creditors. This move reflects the steps taken by other firms such as FTX and Alameda Research, which also resumed funds transfer activities
The U.S. Securities and Exchange Commission (SEC) has recently decided to postpone the trial against Terraform Labs and its former top executive. The SEC deemed a small delay necessary since Terraform Labs’ co-founder, Do Kwon, intends to attend the trial. Kwon has agreed to extradition from Montenegro and is expected to arrive in the U.S.
Chainlink’s native token, LINK, recently experienced a significant downturn, dropping below the crucial $13 support level due to speculations surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). However, the latest data suggests that LINK is now enjoying a “mild decoupling” from the rest of the altcoin
The crypto market is continuously evolving, driven by various factors such as the launch of Bitcoin ETFs and upcoming events like the Bitcoin halving in 2024. For investors looking to diversify and strengthen their investment portfolios, it is crucial to identify top cryptocurrencies that offer unique models and real-world utility. In this article, we will