ARK Invest Buys $4.4M More Bitmine Stock After ETH Milestone

Cathie Woodโ€™s ARK Invest bought more shares in Tom Leeโ€™s Ether treasury firm BitMine as the crypto treasury hit a milestone in Ether holdings.ย  ARK Invest purchased 101,950 shares worth around $4.4 million in BitMine Immersion Technologies (BMNR) on Monday, spread across three funds: The Ark Innovation ETF, which now holds a 2.6% allocation to BitMine, the Ark Next Generation Internet ETF and the ARK Fintech Innovation ETF, which holds similar allocations.ย  The three funds combined currently hold 6.7 million BitMine shares worth a total of $284 million, according to…

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XRP Price Action Heats Up โ€“ Bulls Eye $3.00 Breakout

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…

Bitcoin’s Most Resolute Diamond Hands Are Only Growing Older, Data Shows

Bitcoin long-term holders aged between 5 to 7 years old have lost $6.4 billion in Realized Cap over the past year, but selling isnโ€™t behind the fall. 5 To 7 Years Old Bitcoin Holders Have Been Maturing To Even Older Bands In a new post on X, on-chain analytics firm Glassnode has talked about how the Realized Cap associated with the 5 to 7 years old Bitcoin investors has changed over the past year. Related Reading The โ€œRealized Capโ€ here refers to an indicator that basically measures the amount of…

Ethereum Price Struggles Badly โ€“ More Downside Risk if Support Fails

Ethereum price started a fresh recovery wave above the $4,350 zone but failed. ETH is still struggling and might slide below the $4,270 zone. Ethereum is still struggling to recover above the $4,400 zone. The price is trading below $4,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $4,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a strong decline if it settles below the $4,220 level in the near term. Ethereum Price Could…

Sky Joins Bidding War for Planned Hyperliquid Stablecoin

Crypto protocol Sky has become the fifth crypto project to launch a bid to help the decentralized perps exchange Hyperliquid launch and issue a stablecoin. Sky co-founder Rune Christensen on Monday posted his projectโ€™s proposal to back Hyperliquidโ€™s USDH stablecoin, offering up Skyโ€™s resources and promising a customizable token with a yield rivaling US treasury bills. โ€œBy using Sky to power USDH, the Hyperliquid community will gain unbeatable advantages that no other stablecoin project can offer,โ€ Christensen said in his pitch.ย  Sky, formerly known as Maker, created and backs USDS…

Crazy Kitesurfer Zooms Right Past Sailers ๐Ÿ˜ฑ๐Ÿคฏ

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Bitcoin Price Struggles Near $113K โ€“ Will Bulls Force a Break?

Bitcoin price is struggling to recover above $112,500. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a recovery wave above the $110,800 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $110,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $113,000 zone. Bitcoin Price Faces Key Hurdles Bitcoin price started…

Lion Group Shifts to HYPE as Token Hits New All-Time High

Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain. The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average acquisition cost by โ€œtaking advantage of market volatility and accumulating HYPE at optimal prices.โ€ย  Lion Group CEO Wilson Wang said the companyโ€™s shift to hold all Hyperliquid (HYPE) โ€œthrough a disciplined accumulation process,โ€ would โ€œenhance…