A significant cryptocurrency trader identified by wallet address 0x4a20 has opened a $64.6 million leveraged long position on Ethereum with 25x leverage through derivatives platform Hyperliquid. This marks one of the largest single bullish bets on ETH to date. Additionally,… Read More »Crypto Whale Amasses $64.6M 25x Leveraged ETH Long on Hyperliquid, Adds BTC and Altcoin Bets
Sophisticated Ethereum-based traders classified as ‘smart money’ have realized profits surpassing $73 million through high-leverage long positions across major cryptocurrency markets. The lucrative strategies primarily targeted blue-chip assets Ethereum (ETH) and Bitcoin (BTC), while also generating substantial returns from emerging… Read More »Ethereum Smart Money Scores $73M Profits in High-Leverage Long Trades
The UK Treasury is exploring plans to sell 61,000 Bitcoin seized from a Chinese Ponzi scheme, currently valued over $7 billion following cryptocurrency market gains, to address budget gaps. However, the potential sale faces significant delays due to ongoing legal… Read More »UK Treasury Contemplates $7B Bitcoin Seizure Sale Amid Legal and Operational Hurdles
Binance officially removed the Seed Tag designation from BONK, PEPE, EIGEN, ETHFI, and PENGU tokens today, signaling reduced perceived risk and acknowledging these projects’ enhanced operational maturity. The Seed Tag functions as a cautionary label on Binance for newer or… Read More »Binance Removes Seed Tag from BONK, PEPE, EIGEN, ETHFI, and PENGU Tokens
Ethereum (ETH) is currently navigating crucial price thresholds identified as key levels influencing its near-term potential. Market data analysis from Glassnode pinpoints a significant resistance zone for ETH between $3,877 and $3,987. Successfully breaching this range is viewed as potentially… Read More »Ethereum Faces Key Resistance Near $3,900; Support Holds at $3,434
Financial author Robert Kiyosaki has issued a cautionary forecast predicting significant price declines for Bitcoin alongside gold and silver. This bearish near-term outlook reflects heightened concerns about volatility across these asset classes. Despite anticipating temporary setbacks, Kiyosaki maintains strong confidence… Read More »Robert Kiyosaki Warns of Bitcoin and Precious Metals Declines While Affirming Long-Term Crypto Value
South Korea’s largest cryptocurrency exchange Upbit witnessed a 46.8% spike in trading activity, with 24-hour volume reaching $4.765 billion. The XRP/KRW trading pair led market activity, accounting for 15.26% of total volume. Other altcoins showing significant trading momentum included Doge,… Read More »Upbit Trading Volume Surges 46.8% as XRP/KRW Dominates South Korean Market
The Yala (YALA) project team has confirmed its token will be listed on Binance Alpha. This listing provides Binance Alpha users with early access to the YALA token, showcasing the platform’s commitment to offering exposure to innovative blockchain projects at… Read More »Yala (YALA) Token Secures Listing on Binance Alpha Platform
Bitcoin traders are navigating high-risk liquidation zones as fresh data reveals substantial leveraged positions poised for forced closure at key price levels. CoinGlass analytics indicate Bitcoin surpassing the $119,000 threshold could trigger approximately $411 million in short liquidations across major… Read More »Bitcoin Faces $922 Million Liquidation Risk at Critical Price Thresholds
XRP’s recent breakout above the $3.40 resistance level has signaled significant bullish technical strength, with analysts predicting short-term targets exceeding $5.50 and longer-term potential reaching towards $17. This move confirmed a combination bullish technical pattern, interpreted as a W-shaped recovery… Read More »XRP Technical Breakout Signals Bullish Momentum Amid Shift from Bitcoin, Targets Above $5.50
Ethereum is nearing the critical $4,000 price threshold after a 27% rally lifted its value to $3,745, driven by significant investor accumulation. Market data reveals over 317,000 ETH has been withdrawn from exchanges since early July, substantially curtailing immediate sell-side… Read More »Ethereum Tests $4,000 Resistance as Investor Accumulation Sparks Price Surge
A cryptocurrency whale executed a highly profitable trade by strategically swapping between Wrapped Bitcoin (WBTC) and Ethereum (ETH), ultimately gaining over 11 additional BTC. According to on-chain analyst Ai Yi, the whale first exchanged WBTC for ETH in early May… Read More »Crypto Whale Nets 11 BTC Profit from Strategic WBTC-ETH Trade
Prominent trader James Wynn has significantly increased his short position in Bitcoin (BTC), bringing the total value to $10.23 million. This substantial expansion reflects Wynn’s cautious stance regarding Bitcoin’s near-term price trajectory, particularly amidst ongoing market volatility. The move is… Read More »Trader James Wynn Ramps Up Bitcoin Short Position to $10.23 Million
Technical analysis of XRP charts suggests the possibility of a significant upward price movement. Key indicators point to the potential for a rally targeting the $17 price level, representing an increase of approximately 480% from current valuations. This projection stems… Read More »XRP Technicals and On-Chain Activity Indicate Potential Major Upside Rally
Bithumb exchange has announced a temporary suspension of Elrond Gold (EGLD) deposits and withdrawals to facilitate support for the upcoming MultiversX network upgrade. The suspension period will begin on July 24, 2024, at 09:00 UTC. Crucially, trading of all EGLD… Read More »Bithumb Announces Temporary EGLD Deposit/Withdrawal Suspension for MultiversX Network Upgrade
Institutional investors are aggressively accumulating Ethereum, purchasing over 58,000 ETH worth approximately $212 million through platforms including Galaxy Digital and FalconX. A single notable transaction involving a $50 million ETH buy on Binance highlights the intensified whale activity. Ethereum spot… Read More »Institutional Buying Frenzy and Record ETF Inflows Signal Ethereum’s Imminent Rally Beyond $4,000
Bitcoin’s share of the cryptocurrency market shrank over the past week amid a renewed altcoin rally, signaling notable shifts in investor allocation within the digital asset ecosystem. Data indicates Bitcoin’s market dominance (BTC.D) fell 5.66% during the observed period, dipping… Read More »Bitcoin Dominance Slips as Altcoins Rally Lifts Crypto Market Cap
Gemini co-founder Tyler Winklevoss and venture capitalist Arjun Sethi have publicly condemned JPMorgan for challenging the Open Banking Rule, warning that the banking giant’s stance could trigger fintech bankruptcies and erode US leadership in the cryptocurrency sector. Winklevoss emphasized that… Read More »Crypto Leaders Accuse JPMorgan of Undermining Open Banking Rule, Threatening US Fintech Innovation
A significant Bitcoin holder, often referred to as a ‘whale’, has realized substantial profits by selling a portion of their holdings on the Binance exchange. The whale offloaded 400 BTC, worth approximately $47.11 million, within a six-hour period. This sale… Read More »Bitcoin Whale Nets $92 Million Profit After Partial Sell-Off, Holds $128 Million in BTC
Bitcoin has decisively broken above the crucial $113,000 resistance level, signaling a robust bullish trend and establishing a confirmed price target of $137,000. This upward momentum is underscored by exceptionally strong market activity and near-universal profitability among holders. The cryptocurrency… Read More »Bitcoin Breaks Key Resistance, Targets $137,000 Amid Bullish Market Sentiment