According to a recent report by Bloomberg, hedge fund manager Scott Bessent, who was recently nominated to be the new Treasury secretary, will divest his Bitcoin ETF holdings. The billionaire American investor owns no more than $500,000 worth of shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT). Overall, Bessent has listed more than $500 billion worth … Read more
Recent analysis reveals that Shiba Inu (SHIB) is potentially forming a bearish head-and-shoulders pattern, indicating a significant shift in market sentiment. This formation, characterized by three peaks, suggests that traders should be vigilant as a break below crucial support levels may lead to additional selling pressure. According to COINOTAG, “The tendency for price to fall … Read more
Mango Markets, a Solana-based DEX, is shutting down operations following an SEC settlement, governance votes and legal troubles stemming from a 2022 exploit.
The anticipation surrounding the approval of a spot-based XRP ETF continues to grow, with key insights emerging from industry experts highlighting its potential significance. Currently, XRP is among several cryptocurrencies vying for approval as the SEC evaluates multiple ETF applications from various entities. As Ripple’s President Monica Long notes, XRP appears poised for recognition, indicating … Read more
MicroStrategy, recognized as a major player in the Bitcoin market, has significantly increased its holdings, now securing 2.1% of the total Bitcoin supply. The company’s aggressive Bitcoin acquisition strategy over the past months has placed it among the largest corporate investors in the cryptocurrency sector. “MicroStrategy’s consistent acquisitions demonstrate a commitment to Bitcoin as a … Read more
“If you’ve realized $10,000 trading Pump.fun’s tokens you’re a top 0.412% wallet,” said Adam Tehc, an onchain analytics expert. Realized profits are calculated when traders sell their tokens, solidifying gains or losses. Of the 13.55 million Pump.fun wallet addresses, only 55,296 wallets have reported profits exceeding $10,000. Source: Dune The data paints an even bleaker … Read more
The Supreme Court of Chile has ordered World to erase all records of the biometric data of a 17-year-old teenager. According to the court, several constitutional rights were violated by World’s iris-scanning activities. The data must be deleted within 30 days of this decision. World Gets Slapped by Adverse Legal Decision in Chile: Teenager Biometric … Read more
In a week marked by indecision, SHIB’s price reflects a tug-of-war between buyers and sellers, with recent fluctuations indicating a cautious trading environment. The trading volume has experienced a slight decline, signaling reduced investor activity as participants await clearer market signals. According to a recent analysis from CoinStats, “Neither buyers nor sellers are dominating at … Read more
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Mr. Donald Trump hasn’t even stepped back into the White House yet, but his usual chaos is already here. The International Monetary Fund (IMF) says his now-infamous tariff threats are pushing long-term interest rates higher worldwide. Kristalina Georgieva, the IMF’s Managing Director, called the situation “very unusual” during a press conference. Short-term rates are going … Read more