Tag: Market

Movement Network to buy back tokens with $38M recovered from rogue market maker

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The organization behind the Movement Network said it will use $38 million recovered from a market maker to buy back MOVE tokens over the next three months. On March 24, the Movement Network Foundation said it recovered about $38 million in assets from a market maker tasked with providing liquidity on buy and sell orders for the Movement (MOVE) token on Binance.  Binance offboarded the market maker due to “market irregularities.” The exchange sanctioned the market maker, freezing its proceeds and forbidding it from further market-making activities.   Market makers provide…

1inch fund sells Ethereum and Wrapped Bitcoin holdings amid market rebound

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1inch’s investment fund is offloading portions of its crypto holdings despite a recent market rebound, signaling a strategic effort to cut losses and hedge against further potential downside. According on-chain monitoring X account EmberCN, the 1inch team’s investment fund recently sold 37.9 Wrapped Bitcoin (WBTC) at $86,578 each, totaling about $3.28 million, and 511 Ethereum (ETH) at $2,072 each, amounting to around $1.05 million. EmberCN revealed that from Feb. 2 to March 10, the fund spent a total of $44.22 million on WBTC, ETH, and 1INCH. This included purchasing 11,198…

How to use ChatGPT to predict crypto market trends

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Key takeaways To generate crypto market insights via ChatGPT, collect accurate historical and real-time data on prices, trading volumes and market capitalization. Organize data into clear formats, such as tables with consistent date formats and labeled columns, to help ChatGPT identify patterns and trends. Use precise and focused prompts to guide ChatGPT in generating actionable insights, enhancing the relevance and clarity of its responses. Cross-check ChatGPT’s outputs with up-to-date information from reputable sources before making trading decisions to account for potential inaccuracies. Predicting crypto market trends can feel like navigating…

Fidelity Seeks SEC Approval for Ethereum-Integrated US Treasury Money Market Fund Hosted 

Fidelity Investments has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Fidelity Treasury Digital Fund, an institutional-focused money market fund that will use blockchain technology to record share ownership while investing primarily in U.S. Treasury securities. Fidelity’s Proposed Fund Uses Ethereum Blockchain for Secondary Share Recording The fund, detailed in a […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Market May ‘Cool Off’ In 4 To 6 Weeks — But Here’s What Needs To Happen

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

The current BTC ‘bear market’ will only last 90 days — Analyst

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The current Bitcoin (BTC) bear market, defined as a 20% or more drop from the all-time high, is relatively weak in terms of magnitude and should only last for 90 days, according to market analyst and the author of Metcalfe’s Law as a Model for Bitcoin’s Value, Timothy Peterson. Peterson compared the current downturn to the 10 previous bear markets, which occur roughly once per year, and said that only four bear markets have been worse than the price decline in terms of duration, including 2018, 2021, 2022, and 2024.…

Time for XRP to hit new highs after SEC case over? IntelMarkets could rattle the market

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP prices may surge as Ripple’s legal battle ends, sparking optimism, while a new presale raises $11.7m. XRP prices were rangebound for years due to the Ripple vs. SEC legal case. However, the CEO of Ripple Labs, Brad Garlinghouse just announced that the case is officially over. With this positive news for XRP holders, speculations are starting to build as some anticipate XRP prices to reach new highs. Amid…