Category: Latest news

[ad_1] Analyzing miner-to-exchange flows is crucial for understanding market sentiment, particularly when evaluating whether miners are liquidating or accumulating. A surge in Bitcoin inflows to exchanges has historically preceded an increase in sell orders, often leading to price slumps as the selling pressure increases. On June 3, miners transferred a considerable volume of BTC to…

[ad_1] Bitcoin’s dominance of the total crypto market cap spiked to 49.6% – a level not seen since late April 2021 – marking a 111-week high. The period around April 2021 related to the first wave of the previous bull cycle, with BTC peaking at $65,000 by early-April 2021. Despite China’s crypto ban and Elon…

[ad_1] Over the past week, $36 million flew out of Ethereum (ETH) exchange-traded products (ETPs), according to CoinShares data. This outflow of funds from Ethereum ETPs was the largest observed in a single week since the Merge in September 2022. This outflow of funds from Ethereum ETPs was the largest observed in a single week…

[ad_1] Quick Take In a deflationary collapse, a sell-off occurs that first results in leverage being wiped out first before then affecting panic sellers. Bitcoin open interest is minimal, remaining at or below 2% of the market cap since Silicon Valley Bank’s collapse, while holders remain price agnostic. The current value of the futures open…

[ad_1] Sturdy Finance paused its markets on June 12 following a protocol exploit – losses are estimated at around 442 ETH ($800,000) per Peckshield. In a statement, the team confirmed it was aware of the exploit, adding that no additional funds are at risk and no user actions are needed currently – with more information…

[ad_1] Andreessen Horowitz (a16z) General Partner Chris Dixon praised the U.K.’s regulatory approach to crypto and announced expansion plans in the country, including opening a London office, marking its first international station outside the U.S. Recent months have seen U.S. regulators take an increasingly hostile stance toward the digital asset industry, with matters accelerating last…

[ad_1] Binance’s legal troubles are set to worsen, believes John Reed Stark, former chief of the Securities and Exchange Commission (SEC) Office of Internet Enforcement. As per Stark, the U.S. Department of Justice is likely working behind the scenes to bring criminal charges against Binance and its executives. In March, Binance and its CEO, Changpeng…

[ad_1] North Korea has built a shadow workforce consisting of thousands of IT workers, according to U.S. officials. This shadow workforce is linked with North Korea’s cybercrime operations and is used to carry out massive crypto hacks, The Wall Street Journal reported on June 11. For instance, these shadow workers targeted a Sky Mavis engineer…

[ad_1] The U.S. crypto industry needs regulatory clarity, which can only come from Congress or through case law, Coinbase CEO Brian Armstrong told The Wall Street Journal. Armstrong said there’s an ongoing power struggle between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and Coinbase has been “caught in the…

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