The prominent Web3 investor has held talks with investment banks, but is yet to finalize an advisor. Source
Animoca Looks to Go Public in Hong Kong or Middle East in 2025: Report
Day: June 26, 2024
Can Terra Classic Rise From The Ashes? 1,500% Increase Seen
Terra Classic (LUNC), the phoenix attempting to rise from the ashes of the infamous TerraUSD crash, is once again capturing investor attention. Coincodex analysts predict a modest 10.7% price increase by July 25th, while renowned crypto analyst Javon Marks throws a much bolder 1,500% surge into the ring. So, is LUNC poised for a bullish breakout, or is this just another mirage in the volatile crypto desert? Related Reading A Token Reborn: LUNC Capitalizes On Market Volatility LUNC, once the backbone of the collapsed TerraUSD (USTC) stablecoin ecosystem, has defied…
Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […] Original
BTC Hashrate decline spurs interest in altcoins: APORK, RNDR, APT emerge
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A break in Bitcoin’s hashrate uptrend raises concerns but boosts bullish sentiment for altcoins like Render (RNDR), Aptos (APT), and Angry Pepe Fork (APORK). A technical break in Bitcoin’s hashrate, which had previously exhibited a robust 18-month uptrend, has emerged as a cause for concern among cryptocurrency analysts. The true hashrate has fallen to 600 exahashes per second (EH/s). The move from the uptrend is a signal that mining…
Germany Moves 750 Bitcoin (BTC), Altcoins Bleed Liquidity
Bitcoin, after a brief surge above $62,000 in the early Asian session, retreated to $61,400. The price fell amid significant on-chain activity in the German government’s BTC holdings. According to blockchain sleuth Lookonchain, the eurozone’s largest economy transferred 750 BTC, valued at over $46 million, sending 250 BTC to crypto exchanges Bitstamp and Kraken, an indication that the country may be preparing to sell the tokens. This action, part of a divestment of BTC seized from a privacy website, added to bearish pressures in the market. The government holds over…
Many Crypto Entities May Not Know the Correct Deadline for Sustinability Disclosures Under MiCA: Risk Analyst
However, issuers of asset-referenced tokens (ARTs) and electronic money tokens (EMTs) are required to make sustainability disclosures from June 30, 2024, and crypto asset service providers are required to start making disclosure requirements by the end of the year, explained Rowan Varrall, Associate Director at DTI Foundation. Source
Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes
Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As bearish momentum persists, this analysis explores the possible outcomes for Bitcoin’s price movement and the broader implications for the cryptocurrency market. As of the time of writing, the market capitalization of…
Investcorp and Securitize Launch Fund Tokenization Partnership
“This partnership with Securitize continues Investcorp’s strong legacy as an innovator in alternative investments,” said Anthony Maniscalco, Managing Partner, ISCG, in a release. “The use of tokenization technology has the potential to increase efficiencies for investors, and also provides for a new era of accessibility. Through this collaboration, Securitize is bringing access to the GP staking strategy for a wider range of investors.” Source
Ether (ETH) Spot Exchange-Traded Funds (ETFs) to Attract $15B of Net Inflows in First 18 Months: Bitwise
“Some investors may have bought a bitcoin ETP and stopped there, thinking their crypto exposure was covered,” the report said, adding that this dynamic may be true in the U.S. also. Assuming ether ETFs only capture 22% of the market, as in Canada, cuts the estimate of net new inflows to $18 billion, and other factors chop off another $3 billion. Source
Law firm impersonators target crypto scam victims, FBI alarms
The FBI has issued a public warning that fraudsters posing as lawyers are contacting crypto scam victims, promising to help recover their lost funds. Bad actors may be using social media and other messaging platforms to impersonate law firms, contacting crypto scam victims and offering their services to recover lost tokens, the Federal Bureau of Investigation (FBI) warns. In a statement, the bureau says these scammers reference the FBI to validate their contact. Additionally, there are instances where scam victims “have contacted fraudsters on fake websites, which appear legitimate, hoping…