BlackRock Triggers Bitcoin Sell-Offs With Half A Billion Dollars Dumped
The world’s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF. BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock…
USELESS Coin Proves Useful—Jumps 52% After Binance Listing
According to reports, USELESS coin surged 52% in a single day after becoming the first memecoin from LetsBONKfun to land on Binance. The price climbed from $0.19 to $0.33 during the initial burst, data from Coingecko shows, and many traders sold into that move overnight. Social interest rose alongside the price: 30-day growth was 42%,…
Bitcoin Buying Spree Ends On Coinbase: Temporary Pause Or Trend Shift?
Data shows the Bitcoin Coinbase Premium Gap recently broke its longest ever streak of positive values. Here’s what this could mean for the market. Bitcoin Coinbase Premium Gap Turned Negative Recently In a new Coinbase Premium Gap” refers to an indicator that keeps track of the difference between the BTC price listed on Coinbase (USD…
XRP Open Interest Just Hit A Fresh ATH Above $10 Billion, Will Price Follow Next?
XRP Open Interest (OI) has surged to a new all-time high, surpassing $10 billion across major crypto exchanges. This jump in futures activity comes as the XRP price climbs toward $3.48, its highest level in years. Historically, rising Open Interest has often coincided with significant price rallies, suggesting the potential for further upside in XRP’s…
Bitcoin Sees Massive 7,883 BTC Outflow From Coinbase – Are Institutions Loading Up?
As Bitcoin (BTC) continues to trade near its recent all-time high (ATH) of $111,980, activity on major crypto exchanges suggests that institutional investors may be strengthening their BTC holdings. Most notably, Coinbase – the leading US-based crypto exchange – recorded a net outflow of 7,883 BTC, raising speculation about renewed institutional demand and a potential…
Coinbase Confirms DOJ Investigation Following Major Security Incident
The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange. According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto…
Coinbase Stock Rises 5% After $2.9 Billion Deal To Acquire Deribit
One of the world’s largest cryptocurrency exchanges, Coinbase, announced on Thursday that it has agreed to acquire Dubai-based crypto derivatives exchange Deribit, for $2.9 billion, marking the largest deal in the crypto sector to date. Coinbase Expands Global Reach With Deribit The acquisition, announced on Thursday, involves a substantial financial commitment, with $700 million in…
Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000
New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment. Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics…
Coinbase Stocks Slide Over 30% This Quarter, Matching Post-FTX Collapse Lows
Shares of Coinbase (COIN), the largest crypto exchange in the US, have faced significant declines during the first quarter (Q1) of the year, primarily due to escalating concerns about the US economy and its impact on digital assets. Coinbase And Others Face Increased Volatility According to Bloomberg, Coinbase’s stock has dropped more than 30% since…
Altseason On The Way? Key DeFi Developments Signal Major Crypto Surge
In every market cycle, the altseason is an anticipated period for investors marked by a general altcoins’ price outperformance against Bitcoin. However, there have been many doubts over an altseason in the current bull run with crypto analysts citing a surge in the number of altcoins over the last four years. Interestingly, Bitwise Chief Investment…