More than six million Chainlink (LINK) tokens have been pulled from exchanges in the last seven days. This large outflow indicates growing confidence among LINK investors, as many are choosing to keep their assets in private wallets instead of centralized exchanges. With LINK’s price already showing signs of resilience, this trend might set the stage for further upward momentum, making…
Digital asset investment products recorded $436 million in inflows last week, a paradigm shift after a series of outflows reaching $1.2 billion. Crypto markets have much to anticipate this week, with a key moment on Wednesday as the Federal Open Market Committee (FOMC) decides the scale of September’s interest rate cuts. Crypto Investments Inflows Reach $436 Million Bitcoin (BTC) led…
TRX, the native coin of the Tron blockchain, has maintained a downtrend since August 25. Exchanging hands at $0.14 as of this writing, the coin’s value has since plummeted by 13%. With a growing bearish bias toward the tenth-largest cryptocurrency by market capitalization, its technical setup suggests that TRX is poised to extend this decline. Tron Derivatives Traders Look Away…
Bitcoin’s (BTC) ongoing struggle to break past the $60,000 mark hasn’t triggered a sell-off among holders. Instead, many are holding onto their assets, as shown by the decline in exchange activity. The number of daily addresses sending BTC to exchanges has hit a multi-year low, a trend that coincides with the market’s anticipation of the Federal Reserve’s decision at its…
Peter Schiff, a renowned economist and vocal critic of Bitcoin, endorsed former US President Donald Trump before the 2024 elections. Schiff’s endorsement of Trump signifies a political alliance that extends beyond their differing views on cryptocurrency, particularly Bitcoin. He has been long known for maintaining a strong anti-crypto stance. Schiff’s Consistent Anti-Bitcoin Stance Meets Trump’s Changing Views Schiff, known for…
Binance founder and former CEO Changpeng Zhao (CZ) is set to be released this month, as the 47-year-old crypto executive nears the end of his four-month sentence. CZ reached a deal with the US Department of Justice (DOJ) in late 2023, which initially sought a 36-month sentence. However, the court ultimately imposed a shorter term. Binance Former CEO to Go…
Toncoin (TON) and The Open Network blockchain are back in the spotlight, this time for positive reasons unrelated to an outage or price correction. On Sunday, September 15, the value of the USDT stablecoin issued on TON surpassed $1 billion for the first time. While Toncoin’s price has yet to respond to this development, the increased liquidity could serve as…
Ethereum’s (ETH) performance relative to Bitcoin (BTC) has seen a sharp decline since July 24, with the ETH/BTC pair now at its lowest point in three years. As market sentiment for ETH turns increasingly bearish, many analysts predict further declines in the coin’s value. This article breaks down key insights that ETH holders should be aware of as the situation…
Polymarket is managing to hold its ground despite regulatory pressures on election-related prediction platforms. The Commodities Futures Trading Commission (CFTC) recently introduced a proposed rule targeting prediction markets, which led to Kalshi becoming the latest platform affected. This uncertainty has begun to impact Polymarket, raising concerns about its future in the current regulatory environment. Polymarket Daily Active Traders Drop Nearly…
Cardano (ADA) price has struggled to recover its losses from the end of July, with the altcoin failing to breach the $0.39 resistance level. While this ongoing price action presents a bullish opportunity for some short-term investors, it could lead to a bearish scenario for the broader market. Without a clear breakout, Cardano’s price remains under pressure, increasing the likelihood…