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The crypto sector is currently enduring a “quiet quitting crisis,” according to a hedge fund and digital asset veteran.
Quiet quitting, a term that was popularized in 2022, refers to employees who do the bare minimum level of work their jobs require and “quit” the idea of doing anything extra.
Travis Kling, the founder and chief investment officer of Ikigai Asset Management, says the phrase...
A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday.
According to on-chain data tracker Lookonchain, a deep-pocketed whale with an Ethereum (ETH) address beginning with Oxceef was close to being liquidated on the decentralized finance (DeFi) platform Compound after Bitcoin dropped to as low as $52,550 on...
US governmental authorities are attempting to gain access to an incarcerated Binance employee in Nigeria, according to a local reports.
In February of this year, Binance executive Tigran Gambaryan was arrested alongside a colleague, Nadeem Anjarwalla, who managed to escape the country.
The pair had traveled to Nigeria to engage in regulatory talks.
Gambaryan has been imprisoned in Nigeria since...
An analyst who nailed the pre-halving Bitcoin correction believes BTC and crypto are close to witnessing either a bounce or a sustained reversal.
Pseudonymous analyst Rekt Capital tells his 499,300 followers on the social media platform X that Bitcoin and crypto have been seeing strong selling pressure as of late.
The analyst thinks that sellers will not be able to maintain the downward pressure...
Russia is looking at crypto to mitigate the effect of sanctions and bolster its international payments ability, according to a new report from Chainalysis.
Chainalysis says that Russia is positioning itself in an attempt to overtake the US as the global leader in crypto mining, passing a new bill allowing legal entities and registered entrepreneurs to mine digital assets.
“This regulatory move...
While the global market grappled with uncertainty, South and Southeastern Asia economies – particularly India, Indonesia and Malaysia – have emerged as unexpected investment hotspots.
With strong GDP (gross domestic product) growth, favorable inflation rates and thriving stock markets, these nations offer promising opportunities for investors looking to capitalize on the region’s economic...
The CEO of Tether says that the stablecoin issuer’s synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king.
In a new interview with Bloomberg, Paolo Ardoino says the firm could have chosen Bitcoin to back aUSDT but BTC’s tendency to go through wild price swings made gold a more preferable option.
“Until 1971,...
Digital assets manager CoinShares says that institutional crypto investors pulled hundreds of millions in capital from digital asset products last week.
In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products suffered $726 million in outflows last week driven by strong economic data releases.
“Digital asset investment products experienced...
A closely followed crypto strategist believes that one decentralized finance (DeFi) altcoin is gearing up for “explosive” rallies.
Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that the native token for lending platform Aave (AAVE) could soon spark another leg up after trading in a range for weeks.
“AAVE’s true move coming again soon. I caught it...
The Commodity Futures Trading Commission (CFTC) is filing a motion to shut down Kalshi’s election betting markets after the firm scored up a legal victory against the regulator.
According to new court documents, the CFTC is asking a US court for an emergency stay of a judge’s recent decision to overturn the regulatory body’s order to stop Kalshi from offering election betting contracts.
The CFTC...