Tag: 1.8M

SHIB Long-Short Ratio Suggests Bearish Sentiment as Over $1.8M in Bullish Bets Liquidated

A key indicator is flashing red for shiba inu (SHIB) as the recent price drop to two-month lows has shaken out leveraged bullish bets. The indicator in consideration is the long-short ratio derived from the perpetual futures market. It measures the number of active longs or bullish bets relative to shorts, providing cues on market sentiment. The ratio has dropped to 0.9298, indicating bearish sentiment among traders, according to CryptoX’s AI insights. This follows the forced closure or liquidation of long positions worth over $1.8 million since June 12, according…

Ross Ulbricht Auction Nets $1.8M in Bitcoin

boss

An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history. Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City. The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated. “I’ve left Arizona,…

Bitcoin still on track for $1.8M in 2035, says analyst

boss

Bitcoin remains on track to surpass $1.8 million by 2035 despite recent price corrections and waning investor appetite caused by ongoing global trade tensions, according to Joe Burnett, director of market research at Unchained. Speaking during Cointelegraph’s Chainreaction live show on X, Burnett said that Bitcoin is still in a long-term bullish cycle and could potentially rival or surpass gold’s $21 trillion market capitalization within the next decade. Despite tariff uncertainty limiting risk appetite among investors, research analysts remain optimistic about Bitcoin’s (BTC) long-term prospects for the next decade. “When…

Genius Group adds $1.8m to Bitcoin Treasury, now holds 172 BTC

boss

Genius Group Limited, an education and AI firm based in Singapore, has expanded its Bitcoin-focused strategy by acquiring an additional $1.8 million worth of Bitcoin. This acquisition brings the company’s total holdings to 172 Bitcoin (BTC), valued at $15.8 million, with an average purchase price of $92,006 per Bitcoin, according to a company press release. The move follows Genius Group’s earlier commitment to allocate at least 90% of its reserves to Bitcoin, aiming for an initial treasury target of $120 million. The firm, which integrates AI solutions into education, views…

Bitcoin-focused protocol Surge nabs $1.8m to bring Move-based rollups

boss

Bitcoin protocol Surge has raised $1.8 million in pre-seed funding to solve the network’s scalability issues. As the Bitcoin (BTC) ecosystem keeps facing unresolved scalability challenges, startups keep searching for a solution that would open doors for billions worth of dollars in liquidity from the decentralized finance space. Surge, a Bitcoin-centric protocol developed to unlock the BTCfi economy, has bagged $1.8 million in pre-seed funding to unlock the cryptocurrency’s “full potential as a global currency and a base layer for innovation,” per a press release shared with crypto.news. Supported by…

Blockchain Protocol Nexera Suffers $1.8M Exploit, NXRA Token Price Tumbles 40%

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

However, after the CFTC filed suit against Binance its former CEO, Changpeng “CZ” Zhao for similar offenses in March 2023, FalconX voluntarily “changed and enhanced its approach to collecting customer-identifying information” – including requiring customers to identify the location of the assets’ ultimate beneficial owners, the location of their corporate headquarters, and the location of employees controlling the investor’s Edge account. Source