Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report

Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally. Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power In its latest weekly report, the on-chain analytics firm Glassnode has talked about the latest trend in the Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply of stablecoins. Stablecoins are cryptocurrencies that have their price tied to a fiat currency. The SSR specifically measures the supply of the stablecoins tied to the…

Polymarket Users Debate Ukrainian President Zelenskyy’s Outfit

Ukrainian President Volodymyr Zelenskyy’s outfit at a June 24 NATO meeting in the Netherlands has become the focal point of a fierce dispute between Polymarket bettors.  A user on Polymarket, a crypto-based prediction platform, created a betting market that asked whether Zelenskyy would wear a suit before July. To settle the bet, a photo or video must show Zelenskyy wearing a suit between May 22 and June 30. The market racked up nearly $79 million in volume. The result initially landed on “yes,” but has been disputed twice since and…

$3B in Bitcoin options expire on July 4 — will BTC retrace? 

Bitcoin may see a spike in short-term price swings as nearly $3 billion worth of options contracts approach expiration on July 4. According to data from Deribit, the leading crypto options exchange, these contracts are set to expire at 08:00 UTC, with the “max pain” price currently pegged at $106,000. This price level reflects the point where most options, both calls and puts, expire with little to no value, often resulting in the least payout to traders and the highest benefit to sellers. When expiry nears, price action sometimes moves…

Crypto Scam Victim Ropes 2 More Banks Into $20M Fraud Suit

The self-claimed victim of a crypto romance scam who recently sued Citibank for failing to catch red flags has just filed a second lawsuit targeting two other banks.  Michael Zidell sued East West Bank and Cathay Bank in a California federal court on Tuesday, accusing the banks of turning “a blind eye to their statutory duties and obligations.” He claimed he sent 18 transfers totalling nearly $7 million to the alleged scammers’ account at East West Bank, and made 13 transfers totalling over $9.7 million to an account at Cathay…

DeFi Development Corp. Stock Rallied After Recent Announcements

DeFi Development Corp. surged another 17% on Thursday after announcing it had purchased $2.7 million in Solana as part of its ongoing treasury strategy.  The stock price had already rallied the day before as the company released its business update for June, including plans to raise $112.5 million. DeFi Development Corp on Thursday said it bought 17,760 Solana (SOL) tokens worth $2.72 million at an average price of $153.10 per coin. After the acquisition, the company’s Solana stack stood at 640,585 SOL, worth approximately $98 million. The company said that…

Bitcoin Brushes $110K as Whales Pull Funds from Binance, What Are They Planning?

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

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Solana (SOL) Cools After Recovery — Resistance Proving Difficult to Crack

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Could Hit $50 If Ripple Gets Bank License: Crypto Pundit

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Vincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s bid for a US banking charter and…