Ripple Transfers 100 Million XRP to Mystery Address
Ripple has transferred a staggering 100 million XRP (worth $48.61 million) to an anonymous address, raising questions about the potential impact on XRP’s price amid its recent recovery.
Crypto
Read More
EU Watchdog Warns of Crypto Exchange Concentration Risks
The European Securities and Markets Authority (ESMA) has raised concerns about the high concentration of crypto trading on a handful of exchanges, with Binance alone accounting for about half the market. This raises questions about the potential impact of a failure on the wider crypto ecosystem.
Decoding the Crypto Social Landscape
LunarCrush CEO Joe Vezzani believes that despite the upcoming Bitcoin halving, there might not be a significant shift in retail engagement, as social media data shows a decline in overall crypto-related activity and engagement, even as prices rise.
Bitcoin Surges Ahead of Halving, Stablecoins in Focus
Bitcoin has shaken off last week’s market jitters, briefly trading above $72,000 on Monday. Meanwhile, stablecoins were in the spotlight, with VanEck and Ripple Labs getting involved in new offerings, and a jury in New York finding Terraform Labs and its founder, Do Kwon, liable for civil fraud charges.
Crypto Surges Amid Short Squeeze and Technical Tailwinds
Several major cryptocurrencies, including Ethereum, Bitcoin, and Dogecoin, experienced significant price increases at the start of the week, driven by a confluence of positive catalysts. These include the potential for short squeezes, favorable technical trading patterns, and geopolitical tailwinds from leading Chinese money management firms.
XRP Trading Volume Soars 80% Amid Crypto Market Chaos
Amidst a massive $400 million crypto bloodbath, XRP’s trading volume skyrocketed by an astonishing 80%, surpassing $4 billion, as investors scrambled to liquidate long positions, resulting in a surge of market activity.
Galaxy Digital’s $100M Crypto Venture Fund Amid VC Resurgence
Galaxy Digital, Mike Novogratz’s crypto conglomerate, is reportedly in the early stages of raising a $100 million venture fund targeting early-stage crypto startups. This move comes as venture capital firms are rushing back into the crypto space, with the recent Bitcoin rally and the approval of spot Bitcoin ETFs reviving investor interest in the market.
Bitcoin Dives Below $67K, Crypto Market Suffers $426M Liquidations
Bitcoin’s price plunged below $67,000, leading to over $426 million in liquidations across the crypto market. The broader market experienced losses in tandem with Bitcoin’s dip.
Vitalik Buterin’s ‘Degen Communism’ for a Fairer Crypto Economy
Vitalik Buterin proposes ‘degen communism,’ a concept that combines the adventurous spirit of ‘degen’ culture with a structured approach to ensure market volatility doesn’t disproportionately harm smaller users. He suggests prioritizing smaller stakeholders during hacks or project collapses before compensating larger investors, promoting a more equitable system.
Top Decentralized AI Crypto Projects Surge on Token Merge Rumors
Three leading blockchain-based artificial intelligence projects, namely Fetch.ai, SingularityNET, and Ocean Protocol, have seen significant price surges following reports of discussions around merging their respective crypto tokens to develop a decentralized AI platform.