Bitcoin falls under $60.000, memecoins outpace bearish trends, Germany sells $24 million in bitcoin

Dramatic long squeeze pushes bitcoin under $60.000 The recent drop in Bitcoin’s price to $60,000 was primarily driven by a “cascading long squeeze,” as detailed by Bitcoin analyst Willy Woo. This market dynamic emerged as more traders initiated long positions — bets on the price rising — which inadvertently set the stage for significant liquidations […]

SEC drops investigation into ether, bitcoin hodlers maintain 120% profit, $150.000 bounty to identify creator of Trump-themed DJT token

SEC drops investigation into Ethereum (ETH), price back above $3.500 The U.S. Securities and Exchange Commission (SEC) is closing its investigation into whether Ethereum (ETH) is a security, as stated by Ethereum developer Consensys. This decision follows Consensys’s request to the SEC to end the investigation after the approval of spot Ether ETFs in May. […]

Trump as “crypto president”, Bitcoin slips below $68.000, Tether VC has ambitious plans

Trump wants to become a “crypto president” Former U.S. President Donald Trump has pledged to become the “crypto president” as part of his 2024 campaign. At a San Francisco fundraiser, Trump declared his support for cryptocurrency, positioning himself against the Democrats’ stricter regulatory stance. Bitwise’s CIO, Matt Hougan, sees a shift towards regulatory clarity in […]

Cardano eyes epic breakout, Whale acquires $26.7M in ETH, Bitcoin sees profit taking around $70K

Cardano sees 28% surge in trading volume, ADA price poised for major breakout Cardano (ADA) has experienced a significant increase in trading activity, with the volume of derivatives trading surging by 28.9% over the past 24 hours, reaching $362.30 million according to CoinGlass. In the same period, spot market trading volume was $306.29 million, resulting […]

Mt.Gox transfers $9 billion of bitcoin to single address, Huge potential for ETF’s, Investor turns $2,700 of Shiba Inu into $1.2 million

Mt.Gox transfers $9 billion of bitcoin to single address Collapsed cryptocurrency exchange Mt. Gox has moved $9.62 billion worth of Bitcoin into a new wallet, marking the first significant on-chain movement from Mt. Gox-related wallets in over five years. This transfer, consolidating 141,686 Bitcoin into wallet “1Jbez” from several cold wallets, raises hopes among creditors […]

“Ether hits $8.000 in 2024”, Bitcoin price surges to $72.000, Records in Japan and Argentina

Standard Chartered: ether price hits $8.000 this year Standard Chartered anticipates that the U.S. Securities and Exchange Commission (SEC) will approve ether exchange-traded funds (ETFs) this week. The deadlines for the first round of spot ether ETF approvals are approaching, with VanEck’s due on May 23 and Ark Invest/21Shares’ on May 24. Geoff Kendrick, the […]

Solana memecoin GME pumps 460%, Tornado Cash developer sentenced to 64 months, Coinbase Recovers from Outage

GME Memecoin Surges 460% Following ‘Roaring Kitty’ Reappearance The GME memecoin, named after GameStop’s stock ticker but not officially linked to the company, experienced a dramatic 460% increase in value on Tuesday, as reported by Coingecko. This surge followed a substantial rally in GameStop’s stock, which was sparked by a post from Keith Gill, known […]

Cardano ecosystem grows, Traders short ethereum, FTX pays creditors

“EMURGO and GSR Collaborate to Drive Growth in Cardano Ecosystem” EMURGO, the commercial arm of the Cardano blockchain, has entered into a strategic partnership with GSR, a leading global cryptocurrency trading firm, to enhance the Cardano ecosystem. This collaboration focuses on utilizing GSR’s market liquidity expertise and financial services to strengthen the network infrastructure. Key […]

CZ sentenced to 4 months prison, Roger Ver arrested in Spain, Bitcoin dips below $58.000

Former Binance chief Changpeng ‘CZ’ Zhao sentenced to 4 months prison Former Binance CEO Changpeng Zhao was sentenced to four months in prison after pleading guilty to anti-money laundering violations in Seattle. Prosecutors had sought a 36-month sentence, citing intentional violations of U.S. laws to attract users and profit. However, the judge decided against a […]

Bitcoin dips below $63.000, “SEC will deny spot Ether ETFs”, CryptoPunk sells for 4,000 ETH

Bitcoin dips below $63.000 Bitcoin dropped briefly below $63,000 following a disappointing U.S. inflation report that showed higher inflation and slower economic growth than expected. This caused concern among investors, leading to a decrease in hopes for interest rate cuts this year. The U.S. first quarter GDP grew only 1.6%, lower than the expected 2.5%, […]