In a recent analysis, JP Morgan’s Global Markets Strategy team has shed light on key developments within the Ethereum network that could significantly influence its classification under securities law. The report comes at a critical juncture for ETH, as the Swiss-based foundation is under investigation by the US Securities and Exchange Commission (SEC). Why Ethereum…
Popular meme coin Shiba Inu (SHIB) is exhibiting significant adoption as the crypto asset is witnessing a surge in social activity, demonstrating its stance as one of the leading coins in the cryptocurrency industry. Shiba Inu Social Activity On The Rise The development was reported by Shiba Inu’s team on the X (formerly Twitter) noting…
While Borroe Finance ($ROE) has been preparing for token launch in major exchanges, investors are optimistic about its price trend. However, despite their remarkable recent performance, established coins like Pyth Network (PYTH) and Algorand (ALGO) are losing investors’ interest. Will $ROE be able to outpace PYTH and ALGO? Let’s find out which are the best…
Despite a recent price dip in crypto, including Bitcoin, Raoul Pal, the founder of Real Vision, remains bullish, citing accelerating adoption and strong underlying fundamentals. In a recent post on X, Pal said though prices are dropping after strong gains, cryptocurrencies and its underlying technology are being adopted twice as fast as the internet. At this pace,…
Data has shown an increase in activity for Shiba Inu whales, teasing what could be a catalyst for an uptrend. Notably, the past few days have seen a surge in whale transactions, with data revealing a 340% increase in the volume of these large transactions. With SHIB now trading below $0.00003 and forming support at…
On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) as capital has been flowing into the coin at unprecedented rates. Bitcoin Realized Cap Recently Crossed The $540 Billion Mark In its latest weekly report, the on-chain analytics firm Glassnode has discussed the trend that has recently been taking place in…
For the past week, crypto exchange KuCoin has been at the center of a regulatory tornado. The charges filed last Tuesday include breaking several regulations and violating anti-money laundering (AML) laws in the United States. A recent report reveals that the exchange has faced significant challenges after the news of the lawsuits broke out. Despite…
Binance, one of the world’s largest cryptocurrency exchanges, is entangled in a complex situation in Nigeria. With no resolution in sight, the exchange has finally issued an official statement regarding its detained executive, Tigran Gambaryan, who faces money laundering charges after five weeks in custody. As the Nigerian government introduces additional charges against Binance, the…
Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level. 1.87 Million Bitcoin Was Acquired At Price Levels Higher Than $60,000 In its latest weekly report, Glassnode has shared how the supply distribution of Bitcoin looks in terms of which levels the investors…
Bitcoin’s (BTC) price is stabilizing at around $70,000 per token, with potential short-term dips below $66,000, just before the anticipated halving event scheduled for later this April. Previous halving events have led to significant increases in the prices of Bitcoin and other cryptocurrencies. This trend has many crypto influencers and analysts on the lookout for…
