SUI Rallies 100%, But Signs Of Fatigue Emerge – Is A Drop Incoming?
Over the past 30 days Sui [SUI] has been on a roll, tripling its market capitalization and showing outstanding growth. Over 100% increase in value drove the token’s market capitalization above $5 billion. But as is always the case with cryptocurrencies, what rises must fall at least momentarily. The coin’s surge is exhibiting indications of…
Bitcoin Price Hope: Mt. Gox Delays Repayment Plan Until October 2025
In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors. Originally set for October 31, 2024, the new deadline for repayments has been pushed to October 31,…
Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming?
After briefly rising above $63,000 in recent days, renewing investor’s hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final…
SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’
The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto…
Explosive Growth: NEAR Protocol Caters To 3 Million Daily Users
As of Q3 2024, CryptoRank stated that 3 million addresses were active every day on NEAR Protocol, making it a major player in the blockchain world. This huge number is higher than both Tron (2 million daily active addresses) and Solana (2.4 million daily active addresses) during the same time period. The growth of NEAR…
Solana Blockchain On Fire, Registers 11% Growth In Just One Week
Solana is once again in the headlines, this time for having a major surge in development activity, keeping it ahead of its competition with Arbitrum and Avalanche. According to Santiment, the development activity regarding Solana has increased by 10.7% just within the last week, and the signal is clear that developers and projects alike are…
Could XRP Finally Hit $1? Key Factors To Consider, According To Analysts
Many XRP holders expect the altcoin to break $1 soon. XRP has traded around $0.50 for a while despite lingering pressure in the crypto market. Some analysts recently predicted that XRP’s long-awaited bull run will commence as Bitcoin’s dominance declines. XRP Price Forecast: Positive Signs Ahead? The current price projections for XRP from CoinCheckup suggest…
Critical Moment For Bitcoin: Analyst Reveals Key Psychological Turning Point
The recent Bitcoin price action appears to have caught the attention of market analysts, with a particular focus on its positioning between key psychological levels. A CryptoQuant analyst under the pseudonym “datascope” recently posted on the CryptoQuant QuickTake platform, providing an in-depth analysis of Bitcoin’s current price movements. The analyst highlighted that Bitcoin is at…
Bitcoin ETF Inflows Jump To $235 Million – Is The Bull Market Heating Up?
Bitcoin’s exchange-traded funds (ETFs) are once again generating headlines due to an extraordinary increase in inflows. An investment of $235.2 million in Bitcoin ETFs occurred on October 8, indicating a substantial increase in investor appetite. This surge, based on data from Farside Investors, follows a relatively uneventful beginning to the month, but it indicates a…
FTX Bankruptcy: Key Dates For The $16 Billion Payout And Potential Market Effects
On Monday, a US bankruptcy court officially approved the liquidation plan for cryptocurrency exchange FTX, allowing the company to repay its customers using approximately $16 billion in recovered assets. This decision comes at a critical time for the crypto market, as creditors are poised to receive more than $12 billion through the court-sanctioned payout plan,…