Technical analyst Willy Woo recently shared insights on the state of Bitcoin inventory on exchanges. He highlighted that the market had been bearish due to significant BTC influx from the German and US governments, as well as Mt. Gox distributions. This influx resulted in an increase in paper Bitcoin, referring to derivatives like futures and
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The recent choppy consolidation in bitcoin’s price has left many market players feeling uncertain. However, a particular group of bitcoin holders, known as whales, seem to be taking advantage of the situation. Data from Santiment shows that whales holding between 100 and 1,000 BTC have increased their holdings by 94.7K BTC over the past six
In a bold move amidst the current market lull, Tokyo’s Metaplanet investment firm has acquired an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million. This purchase is part of a larger strategy announced on August 8, following the firm’s acquisition of a 1 billion yen loan, worth around $6.8 million, intended
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decrease in daily trading volume on Monday, with only $779.87 million being traded. This drop marks the third lowest daily trading volume, following the records set on February 5th and 6th, which were $649.17 million and $692.11 million, respectively. Despite an inflow of
Recently, Solana users on Reddit have fallen victim to a new malicious browser extension known as the “Bull Checker.” This extension, disguised as a meme coin tracker, has been able to evade detection systems and drain users’ wallets, causing significant financial losses. In the past week, Jupiter’s founder, Meow, uncovered the malicious activities of Bull
The cryptocurrency market recently witnessed a significant surge in cat-themed meme coins, leading to a rally that pushed the sector’s market cap above $40 billion. Popular assets like Popcat (POPCAT), Mog Coin (MOG), and Cat in a Dogs World (MEW) saw impressive gains, with POPCAT climbing nearly 30% to $0.50. This rise in cat-themed meme
The Democratic National Committee recently unveiled its 2024 Party Platform, outlining the party’s future political priorities for the upcoming election. However, what caught the attention of many was the glaring absence of any mention of Bitcoin, cryptocurrency, or blockchain in the ninety-two-page document. This oversight has left many in the crypto community questioning the party’s
Hut 8 Corp. recently reported a significant net loss of $71.9 million for the second quarter of 2024. This loss came as a surprise, especially considering the company experienced a 72% year-over-year revenue increase to $35.2 million. The discrepancy between the revenue growth and the substantial loss raises concerns about the company’s financial management and
TeraWulf’s second-quarter earnings report for 2024 revealed a 21% decrease in the amount of BTC mined compared to the same period in 2023. This decline in production could be concerning as it may indicate potential operational challenges or inefficiencies within the company’s mining facilities. Although TeraWulf’s revenue for the quarter increased slightly, surpassing the estimated
Norway, a country with a population of nearly 5.5 million, has been making significant investments in Bitcoin stocks. The government, with investments totaling $1.7 trillion for its citizens, now indirectly owns 2,446 BTC through its investments in crypto stocks. This increase in Bitcoin exposure is bullish news for the cryptocurrency market and paints a positive