In a recent analysis, a pseudonymous crypto expert who goes by @itsALLrisky on X (formerly Twitter) presented a compelling case for Dogecoin’s sovereignty, asserting that the popular meme coin may thrive without the need for a Dogecoin ETF.
In a remarkable turn of events, the Bitcoin NFTs market witnessed a significant shift in dynamics last month, as Bitcoin emerged as the dominant force, stealing the spotlight from traditional players like Ethereum, Solana, and Polygon. The rise of Bitcoin in the NFT space was nothing short of extraordinary, as it accounted for more than … Read more
In the lawsuit between the US Securities and Exchange Commission (SEC) and Binance, the regulator has filed a notice of supplemental authority, citing the judgment in SEC v. Terraform Labs as a key precedent. This move is a strategic effort by the SEC to leverage the Terra ruling in its case against Binance, Binance.US, and … Read more
Pro-XRP lawyer John Deaton has publicly volunteered to testify at an upcoming congressional hearing on digital assets, financial technology, and inclusion. The hearing, scheduled for January 10, 2024, by the Digital Assets, Financial Technology, and Inclusion Subcommittee of the House Financial Services Committee, aims to examine the impact of the Financial Stability Oversight Council’s (FSOC) … Read more
In a move concerning crypto, the European Banking Authority (EBA), in collaboration with the European Systemic Risk Board (ESRB) and the Financial Stability Board (FSB), has announced a joint initiative to investigate the interconnectedness of legacy banks with non-bank financial institutions (NBFIs)essing the banks’ balance sheet exposures to non-banks, delving into the murky waters of … Read more
Raoul Paul, a seasoned crypto investor, has recently shed light on the cyclical nature of the crypto markets. In a recent interview with Scott Melker, another notable investor, Paul painted a vivid picture of these cycles, likening them to the changing seasons. 1. Crypto Cycles Decoded: 2. Recurring Patterns: 3. Market Turbulence After Matrixport’s … Read more
A recent report by Raw Story sheds light on a Republican congressman who allegedly violated a federal financial disclosure law by failing to report two crypto purchases within the required timeframe. The congressman in question, Rep. Mike Collins (R-GA), reportedly purchased Ethereum (ETH) on October 9 and November 5. However, Collins did not publicly disclose … Read more
The burn rates of Dogecoin rivals Shiba Inu and FLOKI have seen a significant spike over the last few days. Interestingly, the spikes in the burn rates of both of these meme coins are almost identical, raising questions of whether there is a coordinated effort going on to drastically reduce the available supply of both … Read more
ACE, one of Taiwan’s leading crypto exchanges, founded by David Pan and Lian Nan in 2018, is under investigation for a major fraud case exceeding NT$1 billion ($32M). Recent reports reveal that the exchange, known as “ACE Exchange,” allegedly engaged in fraudulent activities and was subjected to a thorough investigation by the New Taipei City … Read more
On-chain data shows the Bitcoin long-term holders haven’t reacted much to the crash as their supply has stayed near all-time highs. 1. Bitcoin Long-Term Holders (LTHs) Accumulating: 2. Diamond Hands and Market Dynamics: 3. Short-Term Holders (STH) and Market Implications: 4. Bitcoin Long-Term Holder Supply Trend: 5. Market Outlook: Note: The blog post also mentions … Read more
