Month: June 2024

Shiba Inu price breaks support; overtaken by Pepe in a key metric

Shiba Inu price has continued its downward trend as demand for the once-popular meme coin faded. The SHIB token was trading at $0.000017, its lowest swing since March. It has dropped by more than 60% from its highest point this year.  Shiba Inu, like Dogecoin, has underperformed the meme coin market this year as traders focused on newer tokens.  A good example of this is looking at the daily volume traded in centralized and decentralized exchanges. Data by CoinGecko shows that Shiba Inu’s volume in the past 24 hours stood…

Polymarket Contradicts Its Oracle Service in Rarity for Prediction Market

“This market will resolve to ‘Yes’ if a preponderance of evidence suggests that Barron Trump was involved in the creation of the Solana token $DJT. Otherwise this market will resolve to ‘No,’” the contract on Polymarket read. “Determination as to whether Barron was involved in the creation of $DJT will be made by this market’s decentralized resolver, UMA, and will take into account all available evidence as of 12 PM ET, June 23.” Source

Landmark Federal Case: Jury Declares Crypto Price Manipulation as Securities Fraud

In a landmark federal case, two men were sentenced for manipulating the price of a cryptocurrency and defrauding investors, marking the first instance where “a jury in a federal criminal trial found that a cryptocurrency was a security and that manipulating cryptocurrency prices was securities fraud,” said the head of the Justice Department’s Criminal Division. […] Source CryptoX Portal

Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How

boss

In a recent surge of online discussion, renowned crypto analyst and entrepreneur Willy Woo has made headlines with his optimistic prediction for Bitcoin’s future on Elon Musk’s social media platform, X. Woo suggests that Bitcoin, already gaining traction among traditional financial circles as an emerging asset class, could see exponential growth. He argued that if Bitcoin continues to be perceived at the scale of major asset classes, traditionally valued in the tens of trillions of dollars, it could potentially increase in value tenfold in the coming years. Related Reading Current…

Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale Transactions Soar

boss

Dogecoin (DOGE) whales look to have used this recent price crash as an opportunity to accumulate the foremost meme coin. This provides a positive development for Dogecoin, and the meme coin has already reacted positively, seeing how its price has recovered in the last 24 hours.  Dogecoin Whales Accumulate More DOGE Data from the market intelligence platform IntoTheBlock shows that Dogecoin witnessed $1 billion in large transactions these past few days. Large transactions refer to ones that involve $100,000 worth of Dogecoin or more being traded. An increase in the…

Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’

Ripple CEO Brad Garlinghouse has criticized SEC Chair Gary Gensler’s recent statements on the crypto industry, calling them “absolute nonsense.” The executive argued that Gensler’s actions and oversight failures could impact the upcoming election. He suggested that Gensler should be fired if he truly worked for the American people. Ripple CEO Brad Garlinghouse Criticizes SEC […] Source CryptoX Portal

Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000

boss

A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing “culling of weak miners” is complete. Speculators Contribute to Bitcoin’s Plunge According […] Original

Ethereum Price Tied To BitMEX Whales: Quant Uncovers Link

boss

A quant has pointed out how the trends in the BitMEX exchange reserve have affected the Ethereum price during the past few years. BitMEX Ethereum Whales Have Shown Smart Money Behavior In Recent Years In a CryptoQuant Quicktake post, an analyst discussed a pattern in the ETH exchange reserve of the BitMEX platform. The “exchange reserve” here refers to an on-chain metric that keeps track of the total amount of Ethereum that’s sitting in the wallets of any given centralized exchange. When the value of this metric rises, investors will…

Crypto Insiders Hope for Possible Mention in Biden-Trump Debate

The form letter from Stand With Crypto concludes: “Giving the major presidential candidates a chance to weigh in on this transformational technology in the first debate would go a long way towards educating the electorate and helping American crypto owners cast an informed ballot.” Biden’s record on digital assets is familiar to the industry, which need only review his executive orders, White House statements and the actions of the U.S. regulators he appointed, including at the U.S. Securities and Exchange Commission. Trump’s administration didn’t make significant moves in crypto, and…