The Ontario Securities Commission (OSC) has granted Purpose Investments Inc. the approval to launch a spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX). This particular ETF will offer CAD-hedged, CAD non-hedged, and US dollar XRP products from June 18 onwards. Interestingly enough, Purpose Investments is the same financial entity that launched the […]
It’s not every day the sitting president of the world’s most powerful country publicly threatens to assassinate someone. Even rarer when that other person is the leader of a foreign country. And it’s certainly unprecedented (and impressive) that the whole thing went down on X. Crypto markets did not respond well. The combination of […]
On-chain data shows Ethereum whales have recently ramped up their accumulation, a sign that could be bullish for the asset’s price. Ethereum Whales Have Been Buying Big According to data from the on-chain analytics firm Glassnode, the Ethereum whales have been participating in a very significant amount of accumulation during the past week. Related Reading: […]
Invesco, a $1.9T asset manager, has announced the appointment of Kathleen Wrynn as its main crypto ETF manager. Former JP Morgan veteran, Wrynn is tasked with organizing Invesco’s digital asset strategy and managing its portfolio. According to an Invesco statement, the company has $1.6 billion in digital asset ETFs under management, including three Blockchain and […]
Canary Capital’s head of trading raised the possibility of Bitcoin ($BTC) hitting $150K, but with a huge ‘if’. Despite that, the world’s biggest cryptocurrency is hovering between $103K and $108K this week. And if $BTC experiences another bull run soon, expect the best presales like BTC Bull Token ($BTCBULL) and Bitcoin Hyper ($HYPER) to experience […]
The US Senate is reportedly poised to approve significant legislation regulating stablecoins. This bill, known as the GENIUS Act—an acronym for “Guiding and Establishing National Innovation for US Stablecoins”—marks a pivotal moment for the crypto industry as it seeks to gain legitimacy and instill confidence among consumers. The legislation will soon move to the House […]
Gemini has accused the Commodity Futures Trading Commission (CFTC) staff of waging a “trophy-hunting lawfare” campaign based on “fabricated” statements and unfairly weaponizing the Commodity Exchange Act (CEA) against the crypto exchange for over seven years. Related Reading: Forza Crypto! Top Exchange Token Soars 30% Following Collab With Italian Giant Juventus Gemini Slams DOE Staff […]
Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498. This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends While ETH’s price action has turned negative, on-chain....
According to reports, Eric Trump insists he has no formal connection to Tron’s Nasdaq listing plan, even though he is named as an advisor to the firm handling the deal. Related Reading: War Worries, Bitcoin Gains: Strategy Adds $1 Billion To Treasury His statement came after growing chatter about the overlap between politics and crypto. […]
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has surged into a zone that has historically signaled overpriced conditions for the asset. Bitcoin NVT Golden Cross Has Crossed Above 2.2 In a new post on X, CryptoQuant author Darkfrost has talked about the latest trend in the NVT Golden Cross of Bitcoin. The NVT Golden Cross is an indicator based on another metric known as the NVT Ratio. The NVT Ratio keeps track of the ratio between the BTC market cap and transaction volume. The idea behind the indicator is that the ability to transact coins (as gauged by....
Amid the tension in the Iran-Israel conflict, the cryptocurrency market experienced another daily pullback. Bitcoin (BTC), which had just recovered from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the $103,000 mark in the past 24 hours. However, some analysts believe that the flagship crypto is preparing for a big move in the coming weeks. Related Reading: Ethereum Eyes Big Move As Price Compresses Between Key Levels – $2,100 Or $4,000 Next? Bitcoin Could See Massive Move Soon On Monday, Bitcoin attempted to break its post-November range high but failed to hold the....
While Bitcoin (BTC) continues to trade near its all-time highs (ATHs), trading volume on major exchanges has sharply declined in recent months. This downturn has raised concerns about the sustainability of the current rally. Bitcoin Trading Volume On Exchanges Slumps In a recent CryptoQuant Quicktake post, contributor caueconomy highlighted the significant drop in BTC trading […]
PricewaterhouseCoopers (PwC) has just released its Digital Euro Cost Study, which estimates the costs involved in introducing a digital euro at €18B, most of which will be borne by local retail banks. Commissioned by several European banking associations (EACB, EBF, ESBG), the findings reiterate what Bitcoin maximalists have been saying forever: why not just use […]
Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000 reached last month. The asset has been consolidating within this band for several weeks, with no clear breakout yet in sight, indicating a moment of uncertainty or possible transition in market direction. A CryptoQuany analyst known as Gaah has offered insights into....
Solana started a fresh decline from the $160 zone. SOL price is now consolidating losses and might decline further below the $145 level. SOL price started a fresh decline from the $160 resistance zone against the US Dollar. The price is now trading below $155 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $150 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $152 resistance zone. Solana Price Dips Further Solana price failed to continue higher above the $160....
Bitcoin may be gearing up for a renewed surge, but according to trader Josh Olszewicz, the bullish setup is walking a macroeconomic tightrope—and one wrong move could send everything tumbling. In his June 16 “Macro Monday” update, Olszewicz laid out a broad-based technical and macroeconomic case for why BTC is holding firm near all-time highs, while warning that the market’s resilience is underpinned by a single, fragile macro factor: liquidity. $150K Bitcoin? Only If Powell Doesn’t Pull The Plug “Crypto clearly doesn’t care. Legacy clearly doesn’t care,” Olszewicz said,....
Thailand’s finance ministry has unveiled a plan to drop capital gains tax on cryptocurrencies for five years. Starting Jan. 1, 2025, and running through Dec. 31, 2029, people selling coins like bitcoin through licensed Thai platforms won’t pay tax on those profits. The move comes as Bangkok tries to pull more trading activity under its roof while […]
XRP price started a fresh decline below the $2.20 zone. The price is now consolidating losses and might decline further below the $2.150 zone. XRP price started a fresh decline below the $2.20 zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2.180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it trades below the $2.120 support zone. XRP Price Dips Again XRP price failed to continue higher above the $2.280 level and reacted to the....
Tether acted swiftly Sunday when it froze $12.3 million worth of USDT on the Tron blockchain. Based on reports from Tronscan, this step targets wallets allegedly linked to money laundering and sanctions evasion. The company has not issued a public statement yet, but on‑chain data left little room for doubt. Related Reading: Amid Bitcoin Hype, Seasoned Trader Predicts Sudden Drop To This Level T3 Financial Crime Unit Shows Muscle According to Tether, its T3 Financial Crime Unit (FCU) partners with Tron and TRM Labs to track suspect transactions in real time. Since late 2024, the FCU has....
A South Korean court has acquitted Lee Hyung-soo, CEO of crypto investment firm Haru Invest, of criminal fraud charges linked to the alleged mismanagement of investor funds amounting to over $650 million. The decision, issued on Tuesday by the Seoul Southern District Court, comes nearly a year after Haru abruptly froze customer withdrawals and shut […]
Ethereum price failed to clear the $2,680 zone and declined. ETH is now consolidating losses and remains at risk of more losses below $2,500. Ethereum started a fresh decline below the $2,620 level. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,500 zone in the near term. Ethereum Price Dips Again Ethereum price failed to gain pace for a move above $2,680 and started a fresh....
Data shows Internet Computer has become the number one ranked coin in this metric, ahead of the likes of Ethereum (ETH) and Cardano (ADA). Internet Computer Is Number One Ranked On Dev Activity List In a new post on X, the analytics firm Santiment has shared how the top cryptocurrencies in the sector have ranked […]
Recent on-chain data suggests that Bitcoin (BTC) whales may be preparing for a potential rally, as Binance BTC withdrawals have seen a notable spike. Additionally, rising stablecoin inflows to exchanges indicate growing buy-side liquidity, reinforcing the market’s bullish sentiment. Bitcoin Whales Foreseeing Major Rally Ahead? According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin whales recorded one of the largest BTC outflows from Binance this month. The chart below shows that nearly 4,500 BTC were withdrawn on June 16. Bitcoin whales are defined as wallet....
Bitcoin price started a fresh decline below the $106,800 zone. BTC is now consolidating and facing resistance near the $106,200 zone. Bitcoin started a fresh decline below the $106,200 zone. The price is trading below $106,800 and the 100 hourly Simple moving average. There is a short-term triangle forming with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $103,500 zone. Bitcoin Price Dips Again Bitcoin price started a fresh decline after it failed to clear the $108,800 resistance zone. BTC....
Texas is now within a single, silent procedural heartbeat of creating the nation’s largest government-run stash of bitcoin. Senate Bill 21, the Texas Strategic Bitcoin Reserve and Investment Act, was dispatched to Gov. Greg Abbott on June 1 after clearing both chambers by wide margins. Texas Bitcoin Reserve Set To Become Law Under Article IV, […]
France faces a familiar problem: it often makes more electricity than it can sell. According to energy researcher Raphaël Bloch, the country wasted about € 80 million worth of power in 2024. Now, a group of lawmakers wants to put that extra juice to work. They’ve filed Amendment No. 547 with the National Assembly to fold Bitcoin […]
The Dogecoin price is recording significant losses across multiple timeframes as the crypto market experiences a spike in selling pressure. The memecoin has been one of the worst performing cryptos over the past months as bull fail to push its price above critical levels. Related Reading: On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge At the time of writing, the Dogecoin price trades at $0.17, recording a 13% loss over the past seven days. On smaller timeframes, DOGE saw a 3% decline only topped by Solana. Dogecoin price trends to the downside on the daily....
On-chain data shows XRP shark and whale population has climbed to a new record alongside a spike in activity on the blockchain. XRP Wallets With 1 Million+ Tokens Have Set A New Record In a new post on X, the on-chain analytics firm Santiment has discussed the latest trend in a couple of indicators related to the XRP network. The first metric of relevance is the “Supply Distribution,” which tells us, among other things, the number of wallets that belong to a particular coin range. Related Reading: Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin? In the....
Dogecoin has once again returned to a familiar price range that has historically acted as a launchpad for upward moves. In the latest 4-hour candlestick timeframe, Dogecoin is now approaching the $0.168 to $0.172 support band, a level it previously bounced from earlier this month. Despite this price decline, the meme coin is technically ready […]
Ethereum has faced intense volatility in recent days as escalating tensions between Israel and Iran continue to rattle global markets. Despite the uncertainty, ETH remains resilient above the $2,500 level, signaling ongoing strength among bulls. However, Ethereum now trades just below a critical resistance level at $2,675 — a zone that has acted as a barrier several times over the past few weeks. A breakout above this mark could trigger renewed upside momentum and set the stage for a rally toward $3,000. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break....
Bitcoin is navigating a high-stakes environment as escalating Middle East tensions and mounting macroeconomic risks fuel market volatility. The flagship cryptocurrency is holding above critical support, with bulls maintaining control for now. However, hawkish conditions—driven by rising US Treasury yields, inflation concerns, and geopolitical instability—pose a real threat to Bitcoin’s strength. A drop below the […]
After months of sideways movement, XRP may finally be gearing up for a significant breakout. According to analysts, the popular altcoin saw a dramatic 700% surge earlier last year. Now, its price is positioned to exit a seven-month consolidation phase, which could set it up for its next bullish move. XRP Gets Ready For Major Bullish Move A recently published technical chart by market expert ‘Crypto Michael’ on X (formerly Twitter) reveals that XRP has been consolidating for seven months following a staggering 700% price rally, which was triggered by a breakout from a multi-year....
According to former BitMEX founder Arthur Hayes, Circle’s June 5 IPO has sparked what he calls “stablecoin mania.” He warns that this is only the beginning. Many new issuers will rush to go public. Most of them, he predicts, won’t last. Related Reading: Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In Surge Of Copycat […]
On Tuesday, the Senate achieved a significant milestone in cryptocurrency regulation by passing the GENIUS Act, a landmark bill that sets the first federal standards for stablecoins. The legislation, which secured a 68-30 vote, creates a regulated pathway for private companies to issue digital dollars under the federal government’s oversight. New Era For Stablecoin Regulation […]
Crypto analyst Michaël van de Poppe has declared that Ethereum is getting ready for a massive move to the upside. The analyst added a caveat, noting that ETH could still drop to as low as $2,200 before the uptrend begins. Ethereum Primed For A Massive Move To The Upside In an X post, Michaël van […]
Bitcoin has weathered a wave of volatility in recent days, triggered by the escalating conflict between Israel and Iran. As geopolitical tensions rise and global markets grapple with uncertainty, risk assets like BTC have faced increased pressure. Yet despite this turbulent backdrop, Bitcoin has managed to maintain its footing above key support levels, demonstrating notable resilience. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Currently trading just under its all-time high, Bitcoin is in a consolidation phase that many analysts....
Bitcoin is currently consolidating in a tight range between two major historical price levels—the all-time high (ATH) of $112,000 and the previous cycle’s peak at $103,600, set back in December. Despite heightened global tensions, particularly the escalating conflict between Israel and Iran, Bitcoin has held firm above key demand zones, signaling strong bullish intent even […]
Crypto Sat recently took to X to share a technical insight on Dogecoin, revealing that the asset is showing signs of accumulation following a sharp correction. According to the analyst, the 2-hour chart is beginning to shape a potential double bottom pattern. Should this structure be confirmed, it might signal a renewed upward push for DOGE, catching the interest of short-term traders and long-term holders. Make-or-Break Moment For Dogecoin: The Neckline Battle Ahead Dogecoin is currently displaying the characteristics of a double bottom formation, a classic reversal setup that could....
For a prolonged period, Altcoins have remained in the shadow of Bitcoin, as the flagship asset dominated the crypto market with its powerful growth. However, all that could change soon. Many crypto analysts are currently pointing to a resurgence of the alt market, predicting an impending major uptrend. A Parabolic Altcoin Rally Looming Presently, a […]
Altcoins are beginning to show fresh momentum, as the Total3 chart, representing the combined market capitalization of all altcoins excluding Bitcoin and Ethereum, has just transitioned from a bearish to bullish structure. According to a new analysis, the breakout signals a potential trend reversal, raising the possibility that the market could be entering the early […]
Crypto analyst Daan Crypto has provided an analysis of the rising Bitcoin dominance, explaining why this will likely continue to surge. Based on his analysis, the altcoin season is unlikely to come anytime soon, with many alts suffering significant selling pressure while BTC accumulation increases. Bitcoin Dominance Surge Dashes Hopes Of Altcoin Season In an X post, Daan Crypto stated that the Bitcoin Dominance shows no signs of stopping following the latest surge above 64%. He indicated that the dominance will only continue to rise as more treasury companies try to accumulate Bitcoin.....
A new filing shows Trump Media & Technology Group moving into both crypto and telecom markets. The company behind Truth Social and Truth+ has asked the US Securities and Exchange Commission to register a Bitcoin and Ethereum ETF, according to reports. At roughly the same time, it unveiled plans for a $499 Trump‑branded smartphone and service plan. Related Reading: Record‑High Ethereum Open Interest Signals Institutional Confidence Truth Social Bitcoin And Ethereum ETF According to the registration statement dated June 16, the proposed ETF would hold 75% of its assets in Bitcoin and the....
XRP bulls appear to be facing one last test of conviction before the market’s next explosive phase, according to CryptoInsightUK’s video analysis released on 16 June. The British analyst argues that the token is sculpting an inverse head-and-shoulders formation whose right shoulder “still needs to form around the high-$1.80s” before any sustained rally can commence. How Low Must XRP Go? In the broadcast, he emphasised that “dense liquidity is below us,” pointing to a confluence of resting bids and stop-loss clusters between roughly $1.92 and $1.80. “I still think it comes down to make the....
Bitcoin’s recent price activity has been characterized by sharp swings as global uncertainties persist, particularly following the escalation of tensions between Israel and Iran. After plunging by nearly 5% amid the rising geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 and currently trading around $106,800. The past 24 hours have been highlighted by Bitcoin recovering toward $108,000 briefly again, but with escalating tensions in the Middle East, there’s a good chance it could crash soon. This aligns with an outlook from a crypto analyst, who noted that....
Here’s a list of the people who think a Solana ETF is incoming: everyone. And here’s a list of the people who think a $SOL ETF could send Solana – and Solaxy, a much-needed Solana Layer 2 – sky-high: also everyone. That’s right, Solana is gaining serious momentum. Cantor Fitzgerald’s analysts report that Solana-focused firms DeFi Development, Upexi, and SOL Strategies will raise each raise $250M this year for various crypto-related efforts, including $SOL treasuries. Both the pending $SOL ETFs and current treasury efforts underscore SOL’s strengths: a unified, low‑cost, and....
Tron, the blockchain launched by crypto mogul Justin Sun, is gearing up to go public on Nasdaq in the US. The move will occur through a reverse merger with Nasdaq-listed SRM Entertainment, whose stock has spiked by over 533% since the news broke. Once listed, the firm plans to scoop up and hold $210M of […]
The Dogecoin price has fallen back toward a major demand zone after the market crash saw the meme coin’s price fall below the $0.18 support. This has triggered a wave of sell-offs that have worked to keep the price suppressed throughout the weekend. But amid the bearish trend, there is the hope of reversal as […]
After a bleak weekend, the crypto market rallied Monday evening as JPMorgan Chase filed to trademark ‘JPMD’, which is suspected to stand for JPMorgan Chase Dollar and to be a stablecoin. Even if it prefers its own currencies. Wall Street’s grudging acceptance of digital assets has sent the crypto market back to the green. Even […]
Dogecoin’s Market-Value-to-Realised-Value (MVRV) Z-Score is printing just 0.28 – a level normally associated with capitulation, not euphoria. Yet the price of the ninth-largest cryptocurrency keeps carving a succession of higher highs and higher lows on the weekly chart, trading near $0.17 with a market capitalisation of roughly $26 billion in Monday’s late-New-York session. The juxtaposition between lethargic on-chain sentiment and resilient spot bids was laid bare in a chart posted to X by Kevin, the pseudonymous analyst behind @Kev_Capital_TA. “Dogecoin MVRV Score is still at....
Data shows a massive amount of Bitcoin has transitioned into the long-term holder group, a sign that HODLing sentiment is becoming stronger. Bitcoin Supply Has Moved From STHs To LTHs Over Past Month In a new post on X, CryptoQuant community analyst Maartunn has talked about how the Bitcoin supply held by the short-term holders […]