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A closely followed trader is offering his two cents on why he thinks memecoins have exploded in popularity among crypto traders.
Pseudonymous analyst Jack Sparrow tells his 251,000 followers on the social media platform X that traders are not sinking capital on memecoins because they believe in their fundamentals or whether meme communities will serve as the cornerstone of the future of finance...
Research from crypto exchange Bitfinex warns that reactions to recent rate cut news could bring down crypto prices in September.
In its latest research, Bitfinex speculates that Bitcoin (BTC) could fall as low as $40,000 over the coming weeks.
“If we were to speculate, we would caution to expect a 15-20% decline when rates are cut this month, with a bottom of $40-50,000 for BTC. This is not an...
A closely followed crypto analyst is warning that on-chain metrics suggest investors are losing interest in Bitcoin (BTC) amid the extended correction.
In a new strategy session, crypto trader Ali Martinez tells his 70,000 followers on the social media platform X that the warm supply realized price metric is signaling bearishness for Bitcoin.
Bitcoin’s warm supply realized price metric tracks...
Fundstrat’s Tom Lee is issuing a warning that financial markets should be navigated with caution until the 2024 US election concludes.
In a new interview with CNBC, Lee says that investors may receive a better chance to go long in the coming weeks.
“I think investors should be cautious… For the next eight weeks…
It’s been up seven out of the eight months this year, so we know it’s an incredibly...
Police in South Korea have captured a cryptocurrency scammer who reportedly defrauded millions of dollars from unsuspecting victims.
According to the South Korean publication Newsis, the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit arrested and indicted the suspect, Mr. Kim, over fraud and various other charges.
Per the report, Kim allegedly lured 158 victims into a...
Binance CEO Richard Teng is demanding that Nigerian authorities release Tigran Gambaryan, an executive of the exchange who has been imprisoned for seven months.
Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, was first detained by Nigerian police in February and charged with aiding Binance in tax evasion and money laundering.
Gambaryan was arrested with another...
A widely followed crypto analyst believes that Ethereum (ETH) and one of its competitors are setting up for big recovery rallies.
Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Ethereum could soon soar by double digits after testing the $2,100 level and then breaking out of a descending trendline.
“High $2,100s / low $2,200s then bounce.”
Source...
The Cardano (ADA) blockchain officially rolled out its long-awaited Chang hard fork, ushering in a new era of decentralized governance for the project.
The upgrade enables decentralized voting and unlocks a 1.5 billion ADA “sovereign wealth fund” for the community, according to Cardano creator Charles Hoskinson.
With ADA trading at around $0.332 at time of writing, that wealth fund is worth...
A widely followed cryptocurrency analyst and trader is turning bearish on Ethereum (ETH) competitor Solana (SOL).
The analyst pseudonymously known as Bluntz tells his 273,500 followers on social media platform X that SOL against Bitcoin (SOL/BTC) may soon plummet in value.
“SOL/BTC on weekly looks horrid, legit looks proper topped out to me with the complacency shoulder and everything. Still...
Circle chief executive Jeremy Allaire thinks digital currencies will enable the same ballooning transformation for money velocity as the internet did for information publishing and software development.
In a new interview with Empire, Allaire says that the “physics of the internet,” which he defines as the capacity of interconnected computer networks to synchronize states, is allowing people to...