On April 24th, COINOTAG reported a significant movement in the cryptocurrency market, as on-chain analyst yujinmonitor revealed that the Fantom Foundation has withdrawn approximately 11.074 million CRV, amounting to around $7.64 million, from the Curve liquidity pool. This strategic withdrawal occurred just minutes before the assets were transferred to Binance, one of the leading cryptocurrency … Read more
Bitcoin In a recent statement, Michael Saylor, CEO of Strategy, shared his vision for the company’s ongoing Bitcoin acquisition strategy. He emphasized that the company intends to keep buying Bitcoin as its price continues to rise. According to Saylor, as Bitcoin’s supply becomes scarcer, the price will increase exponentially. He explained that if MicroStrategy were … Read more
The cryptocurrency was trading sideways as of Thursday morning, while gold continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained flat over the past 24 hours, bobbing up and down just above $93K. Meanwhile, gold, which surged to … Read more
Key takeaways: Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000. Spot volumes are driving the Bitcoin price rally. Derivatives positions with a bearish bias remain at risk of liquidation. Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential conclusion to the 52-day bear market that bottomed at … Read more
(Image courtesy of Jen) Jen, a tech startup backed by Grammy-winning musician/producer Imogen Heap and headed by music-tech veteran Shara Senderoff, today is launching StyleFilters, a tool that allows people to infuse the distinctive audio sensibility of an artist’s work into their own generative-AI musical creations, while ensuring the original artist gets paid. “For so … Read more
Tether Investments S.A. de C.V.—the investment arm of the crypto firm—now holds a 6.18% voting stake in Juventus. Tether initially acquired an 8.2% stake in the Italian football giant in February. The stablecoin giant, which posted a $13 billion profit last year, has been deploying capital across a range of sectors. Tether, the issuer of … Read more
Bitcoin’s rally and a reported $200 million credit facility propelled Bitdeer Technologies (BTDR) to the No. 2 spot for top-performing stocks after an April 22 surge. Despite this, Callisto Research questions Bitdeer’s financial transparency and its opaque relationships with Chinese entities on a U.S. Commerce Department list. Callisto Research Argues Case for Shorting BTDR Following … Read more
The Chicago Mercantile Exchange (CME) Group, which operates the largest financial derivatives exchanges worldwide, recently announced that XRP (XRP) futures contracts will go live on May 19. According to the April 24 announcement, investors have the option of choosing between micro-sized contracts, featuring 2,500 XRP, or standard contract sizes of 50,000 XRP. All XRP futures … Read more
Bitcoin (BTC) and Ethereum (ETH) diverged in their trading, as reflected by the April options expiry event. BTC trades above its maximum pain level, while ETH is trading $100 under the maximum pain level. The April monthly options expiry is showing the disparity between BTC and ETH trading. BTC has a higher options volume expiring, … Read more
The crypto market had a rather bullish week and a positive 24 hours, as PolitiFi coins noted a surge. Led by the Official Trump token, the PolitiFi market grew by 29% and is collectively worth over $2.80 billion. BeInCrypto has analyzed two other Political meme coins for investors to watch as they piggyback on TRUMP’s … Read more