Recent data from Glassnode indicates that the balances of Bitcoin and Ethereum on centralized exchanges have dropped to record lows. Bitcoin balances on exchanges are currently at 11.6%, the lowest since December 2017, while Ethereum balances have hit 10.6%, the lowest since October 2015. The decline in exchange balances has been attributed to the introduction
Selling
The Ethereum price has been facing significant challenges recently, with the cryptocurrency extending its decline and testing the $3,720 support level. This decline has put ETH in a short-term bearish zone, with the price trading below $3,820 and the 100-hourly Simple Moving Average. The bulls have been able to defend the $3,720 support zone, preventing
Gemini exchange recently announced that users of its Earn product, which had been shut down, received $2.18 billion worth of their digital assets. This amount represents 97% of the total assets owed to Earn users, marking a significant recovery since the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The exchange
In recent news, Mt. Gox, a notorious bankrupt Bitcoin exchange based in Tokyo, Japan, has made headlines once again. The exchange executed a massive Bitcoin transfer to several unknown wallets, raising concerns within the cryptocurrency market about potential selling pressures and the impact on Bitcoin’s value. The Big Transfer On May 27, Arkham Intelligence, a
The recent events surrounding Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, have led to substantial financial losses for investors. Despite Binance’s initial promise to fully compensate victims of the virtual asset deposit service ‘GoFi,’ the asset claims of Gopax victims were sold at less than half their face value on May
As the Dogeverse (DOGEVERSE) presale comes to a close on June 3, 2024, investors are eagerly anticipating the next phase of this unique multi-chain offering. With over $15 million already raised, the popularity and potential of the $DOGEVERSE meme token are undeniable. The current price of the Dogeverse token stands at $0.00031, but many believe
The recent decision by the First District Court of Appeals in Florida to nullify an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US has sparked a wave of discussions in the crypto community. Earlier this year, the regulator banned Binance.US from serving Florida residents, citing “immediate danger” to the public
Bitcoin whales, investors holding more than 1,000 BTC in their balances, have been on a relentless buying spree despite the recent market dip towards $60,000. According to Thomas Fahrer, co-founder of Bitcoin-based company Apollo, these large investors have been accumulating BTC at an alarming rate, with their daily spending reaching billions of dollars. Fahrer’s report
Recently, Gala Games, a well-known blockchain gaming platform, experienced a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million. This breach has once again brought the issue of security in the crypto space to the forefront, highlighting the importance of robust internal controls in preventing such
Bitcoin, the world’s largest cryptocurrency, has recently shown a bullish signal through the Stablecoin Supply Ratio (SSR) Oscillator. This indicator, which compares the supply of stablecoins to Bitcoin, has broken below the lower Bollinger Bands, suggesting a potential upward movement in Bitcoin’s price. This unique technical pattern is crucial for traders and analysts who use