Day: April 6, 2024

ADA Price Ready To Soar As Cardano Network Hits New 88.6 Million Transaction Milestone

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The Cardano (ADA) price looks set for a significant move to the upside. The network recently hit a new milestone in terms of transactions processed so far, in addition to other bullish fundamentals that could also contribute to the price surge.  Cardano Has Processed Over 88 Million Transactions Data from Cardano’s latest weekly development report shows that the network has processed 88.6 million transactions to date. This is significant as sustained network activity can positively affect ADA’s price. Moreover, ADA has always been criticized as a “ghost chain,” this achievement…

Bitcoin ETFs see $203m net daily inflows ahead of halving

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Spot Bitcoin ETFs, or exchange-traded funds, witnessed a net inflow of $203 million on Friday, April 6, continuing a trend for the fourth straight day. According to SoSoValue, Grayscale’s ETF, GBTC, saw its net assets decrease by $198 million on the same day, pushing its total net withdrawals to $15.51 billion. Meanwhile, BlackRock’s iShares Bitcoin Trust, which trades under the ticker IBIT, led the market with a single-day inflow of $308 million, raising its total inflows to $14.77 billion. Bitcoin ETFs saw a net outflow of $85.8 million on Monday,…

Bitcoin ETFs See Three Days Of Bullish Inflow

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The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further bolstered by three consecutive sessions of net inflows into these investment vehicles. Bitcoin ETF Inflows Signal Long-Term Investor Appetite A recent dip in ETF activity sparked fears that the initial excitement might be short-lived. However, those fears have been quelled by a resurgence in inflows. According to data from SoSoValue, yesterday saw a net inflow…

Blockchain Sleuth ZachXBT Reports Alleged Harassment by IRS Criminal Investigation Unit

ZachXBT, a blockchain investigator, claims IRS-CI has harassed him for assistance in solving blockchain crimes, underscoring tensions between privacy and law enforcement. The world of blockchain investigations took an unexpected turn recently when famed pseudonymous investigator ZachXBT reported what he describes as borderline harassment by the United States Internal Revenue Service’s Criminal Investigation Unit (IRS-CI). ZachXBT, known for his meticulous work in tracking down fraudsters and scammers within the cryptocurrency space, has claimed that the IRS-CI has been overstepping personal boundaries in its attempts to solicit his expertise. ZachXBT took…

Arbitrum (ARB) Poised For Resurgence: Downtrend Reaching Climax?

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Generally, the crypto market has been experiencing a pullback after Bitcoin and many other coins like Ethereum have recorded a new all-time high of which Arbitrum (ARB) was not left behind. Arbitrum, which has a lot of potential with a market cap of over $3.8 billion and a circulating supply of 2,653,939,384 ARB has been trading below the 100-day Moving Average (MA) for some time now. However, recently the price of ARB has been showing some signs of reversing. As of the time of writing, Arbitrum was trading around $1.45,…

Can Whales Drive ADA’s Resurrection From Recent Dump?

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The Cardano price has been facing a significant amount of bearish pressure over the past week, declining by more than 12%. This recent fall coincides with a broader crypto market downturn, with other major altcoins suffering huge losses over the past week. Specifically, Cardano’s price decline has been largely linked to the recent sell-off of all ADA holdings by the Grayscale Digital Large Cap Fund (GDLC). On Thursday, April 4, the fund disclosed its decision to rebalance its portfolio by liquidating its Cardano assets (about 1.6% of the entire holdings).…

Bitcoin Whales Maintain Positive Accumulation Behavior Ahead Of 2024 Halving: Santiment

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Bitcoin began 2024 with a blast gaining by over 73% in the first quarter of the year to establish a new all-time high price of $73,750. And although BTC soon declined from this value following a turbulent price movement in the last month, its biggest stakeholders have shown a consistent accumulation trend throughout the first three months of 2024, indicating a high confidence in the asset’s profitability ahead of the upcoming halving event.  Bitcoin Whales Acquire $21.6 Billion BTC, Boost Market Dominance By 1.4% As Halving Nears In an X…

Is Not Holding ADA A ‘Red Flag’? Cardano Founder Thinks So

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Cardano (ADA)’s founder is a man of many words and many GIFs. Charles Hoskinson’s comments, whether you agree or disagree with them, tend to spark discussions in the crypto community. Hoskinson’s latest X reply spree covered issues from dating advice to his confidence in the ecosystem to Solana’s recent struggles. As a result, several conversations regarding those topics and Cardano’s founder’s perspectives on them spread across the X platform. Charles Hoskinson’s Dating Advice Charles Hoskinson offered some crypto-related dating advice in a reply to Lily Brodi, the creator of the…