Short positions on ETH have increased dramatically by about 40% in one week and 500% since November, resulting in record levels. “Never in history have Wall Street hedge funds been so short of Ethereum, and it’s not even close,” exclaimed the Kobeissi Letter on Feb. 10. The effects of this “extreme positioning” were seen earlier … Read more
Cryptocurrency ads were notably absent during this year’s Super Bowl despite the fact that the industry experienced a big bull run last year. This is a sharp difference compared to the 2022 “Crypto Bowl,” during which the ads of such companies as Coinbase, Crypto.com, and the failed FTX exchange were dominating following the 2021 bull … Read more
Central African Republic, a country popularly known for its attempted adoption of Bitcoin (BTC) as a legal tender akin to El Salvador, launched a Solana-based memecoin dubbed Central African Republic Meme (CAR). The CAR memecoin attracted huge attention from crypto traders, scaling to a market cap of nearly $1 billion and a 24-hour average traded … Read more
The crypto market is notorious for its cycles, and it’s on the verge of a seismic shift right now. The XRP price is climbing steadily, and while some traders are eyeing the elusive $10 milestone, AI has just identified a far bigger opportunity. A certain altcoin is gearing up for an explosive 600x surge, long … Read more
A staggering 60% of online daters suspect they’ve matched with a bot, while 61% are concerned about encountering fake profiles. AI-driven scams and botfishing are making it harder to find genuine connections.A survey of 90,000 users found that 90% of online daters want human verification on dating apps. Sam Altman’s World Network advocates for human … Read more
The new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. He remarked that individuals use these tools for cross-border payments to maintain an “opaque vision for taxation or money laundering.” Central Bank of Brazil States Stablecoin Volumes Linked to Tax Evasion and Money … Read more
Changpeng Zhao (CZ), the founder of the world’s largest cryptocurrency exchange Binance, has been on the agenda with the memecoin called TST, which he recently promoted, and lastly spoke about listings. Stating that decentralized exchanges DEXs automate token listings, CZ said that centralized exchanges CEXs should also list everything automatically like DEXs. CZ stated that … Read more
Ondo Finance saw increased activity and network growth over the past month. Its price action was relatively strong compared to other altcoins. Ondo Finance [ONDO] has announced the Ondo Chain, a purpose-built Layer-1 chain for institutional-grade RWAs. It is designed to solve problems faced by tokenized RWAs, such as incompatibility with DeFi and inadequate network … Read more
They’re becoming full-fledged projects with utilities, massive communities, and real earning potential. And if you’re looking for the best new meme coins to join now, this is your moment. One standout project making waves is BTFD Coin (BTFD)—and it’s not just about memes. Its presale is pulling in millions, and its 90% APY staking rewards … Read more
Spanish police arrested three British men in Costa del Sol for kidnapping a UK cryptocurrency broker and demanding €30,000 (approximately $31,000) for his release. The victim, a 34-year-old Hindi speaker, escaped by deceiving his captors into thinking he was calling a customer for a crypto wallet code, instead alerting a friend in London. His friend … Read more