Category: Analysis

Terraform Founder Pleads for 5-Year Jail Term

Key Notes Terraform founder Do Kwon has requested that a US judge limit his prison term to five years.Kwon’s legal team mentioned that he has already spent about 3 years behind bars.Do Kwon pleaded guilty to the charges against him in August. Do Kwon, the Terraform founder who was implicated by the implosion of the Terra LUNA $0.0748 24h volatility: 3.2% Market cap: $51.47 M Vol. 24h: $12.89 M blockchain, is asking for only five years in a United States prison. He already pleaded guilty to the charges of conspiracy…

Arthur Hayes Again on a Buying Spree

Key Notes Arthur Hayes aggressively accumulated ENA, ETHFI, and PENDLE. His wallet shows multiple rapid transfers from FalconX and Cumberland. Hayes believes Bitcoin has already printed its cycle bottom. Arthur Hayes, the former BitMEX CEO and one of crypto’s most influential analysts, has resumed his crypto purchases, with his on-chain activity rocketing over the past 24 hours. The entrepreneur bought ENA ENA $0.29 24h volatility: 3.9% Market cap: $2.12 B Vol. 24h: $281.73 M , ETHFI ETHFI $0.81 24h volatility: 10.2% Market cap: $493.01 M Vol. 24h: $48.51 M ,…

Bitwise Is One Step Closer to Launching Avalanche ETF

Key Notes Bitwise has updated its Avalanche ETF filing with the SEC to include the management fee, ticker, and fee waiver. Its 0.34% management fee will be waived for a month. AVAX price has jumped following the news of the amendment and broader market rebound. Bitwise Asset Management is preparing to launch its spot Avalanche Exchange Traded Fund (ETF). In line with this, it has filed an updated S-1 with the US Securities and Exchange Commission (SEC), detailing the management fee, ticker, and fee waiver. Following the news of the…

Analyst Says Get Ready For XRP Price Above $4 This Cycle

Despite the XRP price struggling to stay afloat in the current market, it has not deterred the bulls from continuing to push for higher prices. This is amid the XRP ETF launches that have taken place over the last week, X triggering a significant amount of inflow into the cryptocurrency. The calls for new all-time high prices to surpass its 2018 $3.84 peak have only grown louder, with timelines getting shorter. This time around, one analyst has predicted a new all-time high, with what they call a “true Elliot Wave…

Bitcoin Price Reclaims $91,000, Is Bottom Finally In?

Key Notes CoinMarketCap data shows that Bitcoin price has recovered to hit $91,000. JPMorgan analysts predicted a 25-basis-point rate cut in December. 10X Research’s analysts believe that BTC price is more influenced by Fed communication than the rate changes themselves. Bitcoin BTC $91 590 24h volatility: 5.4% Market cap: $1.83 T Vol. 24h: $77.24 B price has topped $91,000, suggesting a gradual crypto market rebound after an intense series of declines. At the same time, analysts are still concerned that the rally may be short-lived. Their speculations find support in…

ETH Reclaims $3,000 Ahead of Fusaka Upgrade

Key Notes If bulls manage to hold ETH price above $3,000, it could stage the next move to $3,400. BlackRock’s ETHA ETF has recorded strong inflows, scooping 16,629 ETH, worth $50 million. The Ethereum Fusaka upgrade is expected to boost Ethereum’s scaling capacity. Amid the broader crypto market upside, Ethereum ETH $3 035 24h volatility: 4.3% Market cap: $366.28 B Vol. 24h: $21.42 B price has also gained 4% today, reclaiming the $3,000 levels. This comes as investors await the Fusaka upgrade scheduled next week on Dec. 3. Furthermore, with…

1.55B USDC Floods Coinbase as Bitcoin Hits $91K

Key Notes Coinbase saw a net inflow of 1.55 billion USDC in 24 hours. Bitcoin broke above $91,000 as the market turned bullish. Bitcoin and Ethereum recorded notable outflows from CEXs. The strong USDC USDC $1.00 24h volatility: 0.0% Market cap: $75.93 B Vol. 24h: $14.16 B inflows into Coinbase, a leading centralized cryptocurrency exchange, triggered a market-wide buying spree. According to data from CoinGlass, Coinbase saw a net inflow of 1.55 billion USDC, the second-largest stablecoin, over the past 24 hours. On the other hand, most of the major…

Upbit Hit by $38M Unauthorized Withdrawal of Solana Assets

Key Notes Upbit confirmed that multiple tokens were affected, including DeFi and meme tokens. The exchange assured that it will fully compensate users from its own reserves. Upbit operator Dunamu announced a major partnership with Naver and Naver Financial, committing 10 trillion won for the AI and Web3 ecosystem. On Nov. 27, South Korea’s top crypto exchange Upbit revealed an abnormal $38.5 million outflow on the Solana blockchain network. The breach has reportedly affected several tokens, including SOL SOL $143.7 24h volatility: 2.9% Market cap: $80.41 B Vol. 24h: $6.00…

Dogecoin (DOGE) Shows Controlled Strength as Traders Eye Key Resistance Above

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 Price Pauses Upside Momentum While BTC and ETH Accelerate Their Recovery

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…