Tag Archives: crypto market

Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel

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The US-based cryptocurrency exchange Kraken recently secured a substantial $200 million investment from Citadel Securities, a global market maker. This investment values the exchange at an impressive $20 billion.  Kraken’s Growth Backed By Citadel Securities Citadel Securities has expressed enthusiasm about supporting Kraken’s growth, emphasizing the firm’s role in shaping the future landscape of digital… Continue reading Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel→

Analyst Breaks Down Why There Can’t Be 7 Million XRP Holders

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A recent comment from crypto analyst CryptoTank has brought attention to a long-standing misconception about the size of the XRP community. His post focused on the widely quoted figure of seven million XRP wallets and explained why this number does not represent the number of real holders.  The clarification arrives at a time when XRP… Continue reading Analyst Breaks Down Why There Can’t Be 7 Million XRP Holders→

Is Bitcoin Falling Because Of Strategy Sell-Offs? On-Chain Data Fuels Debate

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Bitcoin’s latest downturn has caused considerable speculation about whether Strategy’s (formerly known as MicroStrategy) massive holdings are playing a role in the market’s weakness. The concerns escalated sharply when wallet-monitoring platforms flagged large Bitcoin transfers linked to the company, sparking widespread claims that a major sell-off had begun.  The conversation gained even more traction when… Continue reading Is Bitcoin Falling Because Of Strategy Sell-Offs? On-Chain Data Fuels Debate→

Circle Stock Plummets By Almost 70% Post-IPO Debut, Analysts Issue Warnings

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Following a notable debut on the Nasdaq earlier this year, Circle (CRCL), the issuer of the USDC stablecoin, has experienced a significant decline in its stock value. After hitting a peak of $298 on June 23, just 18 days post-launch, shares have now dropped by 68%, trading around $82. Circle Faces Challenges As Lockup Period… Continue reading Circle Stock Plummets By Almost 70% Post-IPO Debut, Analysts Issue Warnings→

With Bitcoin At $94,000, Bitwise CEO Claims Crypto Has Endured A 6-Month Bear Market

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Earlier on Friday, Bitcoin (BTC), the leading cryptocurrency in the market, retraced further toward the $94,500 mark, intensifying concerns about a potential bear market for the broader digital asset industry.  In light of this, Bitwise CEO Hunter Horsley made some thought-provoking remarks about the current market conditions, suggesting that a bear market cycle has been… Continue reading With Bitcoin At $94,000, Bitwise CEO Claims Crypto Has Endured A 6-Month Bear Market→

SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classification

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In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets.  Howey Test And Token Taxonomy In Crypto  Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in… Continue reading SEC Chair Sets Out Plans For Crypto Taxonomy To Define Digital Asset Classification→

Winklevoss Twins Back Zcash (ZEC) Treasury Company With $58M Investment

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Following the recent comeback of privacy-focused cryptocurrencies, Cypherpunk Technologies has launched a $50 million Zcash (ZEC) treasury strategy backed by Winklevoss Capital. Cypherpunk Technologies Launches Zcash DAT On Wednesday, Leap Therapeutics announced the official launch of its Zcash Digital Asset Treasury (DAT) strategy and rebrand to Cypherpunk Technologies. The biotech company previously revealed that it… Continue reading Winklevoss Twins Back Zcash (ZEC) Treasury Company With $58M Investment→

Crypto Treasuries Shift Focus From Bitcoin And Ether To These Lesser-Known Altcoins

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Throughout the past year, Bitcoin (BTC) and Ethereum (ETH) have emerged as the primary focus for a growing trend of Digital Asset Treasuries (DATs), particularly driven by favorable pro-crypto regulations worldwide. However, recent reports from Reuters indicate that this focus is beginning to shift towards less popular altcoins.  DAT Firms Explore New Opportunities Beyond Bitcoin … Continue reading Crypto Treasuries Shift Focus From Bitcoin And Ether To These Lesser-Known Altcoins→

MEXC Users At Risk Of Losing Their Crypto? Ex-Public Advisor Exposes ‘Structural Rot’

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Crypto trader the White Whale, who had offered to serve as an advisor to crypto exchange MEXC, has retracted his offer. This came as he highlighted a ‘structural rot’ within the exchange, which puts customers at risk of losing their coins.  Crypto Advisor Exposes ‘Structural Rot’ Within MEXC In an the crypto exchange. He further… Continue reading MEXC Users At Risk Of Losing Their Crypto? Ex-Public Advisor Exposes ‘Structural Rot’→

Big Bitcoin Holders Are Selling, But Few Buyers Are Stepping In As Demand Weakens

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Bitcoin’s price has struggled to maintain stability above $102,000 in recent days, and data shows this is due to an apparent imbalance between selling pressure and fresh demand.  On-chain data from CryptoQuant reveals that while long-term holders have been actively taking profits, the market is showing limited capacity to absorb their sell-offs. This is a… Continue reading Big Bitcoin Holders Are Selling, But Few Buyers Are Stepping In As Demand Weakens→