Day: April 23, 2024

Bitcoin Market Dynamics Still Positive Post-Halving

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In the midst of the dramatic changes that have occurred in the cryptocurrency space after the Bitcoin halving event, Bitfinex provides a perceptive analysis that reassures investors that the market dynamics of BTC have remained positive in the post-halving period. Bitfinex examines the on-chain data and finds encouraging signs for Bitcoin in spite of the United States economy’s current state of uncertainty in its most recent Alpha report, which was released on April 22. Bitcoin Market Dynamics Remains Bullish According to the Hong Kong-based crypto platform, exchange withdrawals of Bitcoin…

Capital inflows into spot Bitcoin ETFs reach $62m

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On April 22, the net daily capital inflow into spot Bitcoin ETFs was $62.09 million. According to SoSo Value, the top spot in capital inflows on April 22 was taken by the Fidelity Bitcoin Spot ETF (FBTC) crypto fund. It added $34.83 million to its balance sheet, bringing funds under management to $8.18 billion. Source: SoSo Value The investment product from ARK Invest and 21 Shares received $22.56 million, and iShares Bitcoin Trust (IBIT) received $19.65 million. The remaining Bitcoin ETFs received a total of $20.04 million. Bloomberg analyst Eric…

TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree

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The second-largest crypto token by market cap, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices.  Sun Allegedly Buys $405 Million Worth Of ETH In an X (formerly Twitter) post, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a mysterious wallet suspected to belong to Justin Sun. This wallet is said to have bought 127,388 ETH ($405.19 million) from Binance…

Altcoin season approaching? Insights from experts amid Bitcoin’s halving aftermath

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Can altcoins rebound? Analyzing expert predictions and key indicators following Bitcoin’s recent halving. In the wake of Bitcoin’s (BTC) recent halving event, the crypto market has been anything but predictable.  While many anticipated a surge in Bitcoin’s value, the reality has been a bit more subdued. In fact, the market remains relatively flat, lingering below the record-breaking highs witnessed in March 2024. Throughout this period of anticipation and adjustment, altcoins have taken a hit.  Investors seemed to have favored Bitcoin over its alternatives, causing a noticeable bleed in the altcoin…

Ethereum On-Chain Health Holds Strong Amidst OI Plunge

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Ethereum (ETH) stands as a bellwether for the industry’s ebbs and flows. As of press time, Ethereum was trading at $3,174, its price trying to reach the crucial $3,000 mark. However, beneath the surface of these seemingly stable waters lies a complex interplay of market forces and investor sentiment. Source: CoinMarketCap Ether’s Challenging Trajectory Since last week, the lower timeframes have seen repeated breaches of the $3,000 psychological threshold, and the enthusiasm surrounding the altcoin king has significantly waned. This downward pressure is further underscored by the notable drop in…

Patched Cosmos Bug Could’ve Put $150M At Risk, Says Firm That Reported It

“While this vulnerability has existed in ibc-go since the beginning, it only became exploitable due to recent developments in the Cosmos SDK ecosystem,” Asymmetric said in a blog post published Tuesday. The vulnerability was unlocked with the advent of “IBC middleware” – third-party applications built using CosmWasm, a WebAssembly-based smart contract runtime, that allows tokens to be used across blockchains. Source

Galaxy, Lightspeed Faction Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees

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