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A trader known for making timely altcoin calls thinks that one memecoin is gearing up for a big upside burst. Pseudonymous analyst Bluntz tells his 261,500 followers on the social media platform X that while he’s medium-term bearish on meme token dogwifhat (WIF), he thinks the altcoin is poised for a big bounce. According to Bluntz, WIF is flashing multiple bullish signals suggesting that it may...
Digital assets manager CoinShares says crypto products bled out last week to the tune of $600 million. In its latest Digital Asset Fund Flows report, CoinShares says that institutional investors are likely reacting to a more “hawkish-than-expected” Federal Open Market Committee (FOMC) meeting last week. “Digital asset investment products experienced outflows totaling US$600 million, the largest...
A major move for Bitcoin (BTC) is likely approaching as price moves through a rare ultra-low period of volatility, according to a closely followed on-chain analyst. Pseudonymous analyst Checkmate tells his 93,700 followers on the social media platform X that BTC has only moved 8.3% up or down in the last month, a rare occurrence for the flagship cryptocurrency. The situation suggests two...
Altcoins have taken another leg down to start the week while most digital assets continue a multi-month downtrend. At time of writing, the total market cap of all crypto assets (TOTAL) is valued at $2.32 trillion, down from $2.39 trillion earlier in the day – a $70 billion haircut. According to crypto data aggregator Coinglass, there has been over $242 million in liquidated positions, largely...
The co-founder of Binance is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer. In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people into clicking fraudulent links that drain their crypto wallets. “I have not issued any new...
The firm behind the largest stablecoin by market cap is launching a new digital asset backed by real gold. USDT issuer Tether is announcing a new digital asset backed by over-collateralized Tether Gold (XAUT) called aUSDT. According to the press release, aUSDT is the first product from a new line-up of offerings called Alloy by Tether. “Alloy by Tether introduces a novel category of digital...
Binance CEO Richard Teng is revealing his latest crypto predictions as Bitcoin (BTC) hovers in the mid-$60,000 range. In a new interview on the Bankless YouTube channel, Teng predicts that Bitcoin will soar past $80,000 before the year’s end. His prediction for 2025 is for Bitcoin and other digital assets to have an even better year than 2024 due to improving macroeconomic conditions. He also...
A commissioner with the U.S. Securities and Exchange Commission (SEC) says tokenization is gaining traction among blue-chip companies and can provide further efficiencies to global markets and investors. During the SEC’s 30th Annual International Institute for Securities Market Growth and Development, Commissioner Mark T. Uyeda explains how tokenization – the conversion of assets such as...
Blockchain tracking firm Lookonchain has spotted two sizeable traders capitulating on their memecoin positions as the digital assets market continues to correct. The firm says one trader with a seven-figure position capitulated on his Pepe (PEPE) holdings after holding for just over one month. “This PEPE trader capitulated and sold all 114.7 billion PEPE for 366.5 ETH ($1.27 million) at a...
A merging of crypto and artificial intelligence (AI) technology could give a $20 trillion boost to the global economy, according to asset management giant Bitwise. The firm’s senior crypto research analyst, Juan Leon, says in a new report that the intersection of crypto and AI will be “even bigger than people imagine.” Leon says the global race for AI supremacy has created an unprecedented...