Watch Out For XRP and Solana as Price Action Flashes Bullish Signals, Analyst Says
XRP and Solana are showing signs of strength again, with traders pointing to both institutional flows and technical setups as catalysts for a fresh rally. XRP is back above $3 after slipping under its 50-day moving average earlier this week, when whale selling dragged the token as low as...
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Chainlink Enters Critical Level As Bulls Gun For $40 — Here’s The Trend
Chainlink recently broke $25 after an interesting few days, rising double-digits in a single day to stage a test of $27. The price was initially rejected at this level, which would suggest that the momentum does not have as much support as expected. This puts the altcoin in a...
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Ether Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers
Cryptocurrencies surged late Friday after Federal Reserve President Jerome Powell struck a dovish tone at the Jackson Hole economic symposium, defying market expectations for a more hawkish stance. That has prompted asset managers to call for new all-time highs for bitcoin (BTC), ether (ETH) and select altcoins. What Powell...
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Tom Lee Calls Ethereum A 1971-Style Gold Moment As ETH Hits New All-Time High, Says ‘Very High Probability’ Of Flipping Bitcoin
Wall Street strategist Tom Lee is drawing parallels between Ethereum (CRYPTO: ETH) and the 1971 abandonment of the gold standard, predicting a “very high probability” that the cryptocurrency will eventually flip Bitcoin (CRYPTO: BTC) in market value. Check out the current price of ETH stock here. Lee, newly appointed...
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Australia Cracks Down On Binance: Orders External Audit Over Money Laundering Concerns
After navigating significant challenges in the United States regarding money laundering allegations that led to the resignation of its former CEO, Changpeng Zhao (CZ), cryptocurrency exchange Binance finds itself under scrutiny once again, this time in Australia. Binance’s AML And CTF Controls Under Fire The Australian Transaction Reports and...
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Ethereum Shorts Crushed: $259M Lost as Price Nears ATH
Ethereum came close to breaking its all-time high this week, and the fallout was brutal for anyone betting against it. Around 259 million dollars in short positions were liquidated, along with another 80 million in long positions. That adds up to more than 340 million dollars in crypto liquidations...
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SharpLink Greenlights $1.5 Billion Buyback to Support ETH Treasury
SharpLink Gaming has approved a $1.5 billion stock buyback aimed at supporting its Ethereum treasury. The idea is straightforward. If the company’s stock starts trading below the value of the Ether it holds, they’ll begin to buy back shares to increase the ETH-per-share ratio and protect long-term holders. Buybacks...
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Are Ripple XRP ETFs Inevitable After These Positive Updates?
TL;DR Following the recent delays by the US Securities and Exchange Commission, several filings for Ripple ETFs have been updated by the companies behind them. The asset’s price has also staged a remarkable recovery following the recent local bottom, especially after yesterday’s update on the legal case against the...
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This Bitcoin OG Dumps BTC for Ethereum After 7 Years of Silence
A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization. Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike. Change of Heart A dormant...
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$41M Crypto Scam Exposed: Taiwan Indicts 14 in BitShine Fraud Case
Taiwanese authorities have wrapped up a major investigation into one of the country’s most high-profile crypto-related fraud cases, filing charges against 14 individuals linked to the BitShine exchange. Prosecutors allege the group conspired with criminal networks to siphon NT$1.27 billion (approximately $41 million) from more than 1,500 victims through...
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