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Crypto Tuesday Drop Drives Bitcoin Below $58K, Ether Hits 7-Month Low
Flat markets turned sharply negative as U.S. stocks experienced significant losses after the three-day weekend.
Continuing a trend observed in recent weeks, cryptocurrencies experienced a sharp decline early in the U.S. trading day. About ninety minutes after U.S. stock markets reopened following Monday's Labor Day Holiday, Bitcoin (BTC) fell 1.5% to $57,800, while Ether (ETH) dropped 3% to $2,442, marking its lowest point since early February.
The CoinDesk 20 Index, a broad market gauge, was
Continuing a trend observed in recent weeks, cryptocurrencies experienced a sharp decline early in the U.S. trading day. About ninety minutes after U.S. stock markets reopened following Monday's Labor Day Holiday, Bitcoin (BTC) fell 1.5% to $57,800, while Ether (ETH) dropped 3% to $2,442, marking its lowest point since early February.
The CoinDesk 20 Index, a broad market gauge, was
"Bitfinex Traders Defy Bearish Trends with Bold Bitcoin Margin Longs"
The number of bullish bets made using borrowed funds has been steadily increasing since late August.
According to one analyst, traders on the crypto exchange Bitfinex are borrowing money to place bullish bets.
Perpetual funding rates have turned positive, and over-the-counter desks are seeing increased demand for higher strike call options.
"Green lending rates and long positions have historically been a strong indicator for bullish sentiment; the last two major spikes were preceded by signif
According to one analyst, traders on the crypto exchange Bitfinex are borrowing money to place bullish bets.
Perpetual funding rates have turned positive, and over-the-counter desks are seeing increased demand for higher strike call options.
"Green lending rates and long positions have historically been a strong indicator for bullish sentiment; the last two major spikes were preceded by signif
Bitcoin's Path to $110K Remains Intact, But a Drop Below $40K May Come First
According to crypto analysts, Bitcoin (BTC) is on track to reach $110,000 by 2025, based on technical patterns. However, some caution that a significant dip, potentially below $40,000, could happen first.
The bullish forecast is primarily driven by the "Cup and Handle" pattern, a widely recognized formation in technical analysis that signals a continuation of an upward trend. Crypto analyst Titan of Crypto suggests that Bitcoin could be poised for a major breakout, potentially hitting $110,000
The bullish forecast is primarily driven by the "Cup and Handle" pattern, a widely recognized formation in technical analysis that signals a continuation of an upward trend. Crypto analyst Titan of Crypto suggests that Bitcoin could be poised for a major breakout, potentially hitting $110,000
"September Concerns for Bitcoin: Historical Weakness and the Impact of Potential Fed Rate Cuts"
Bitcoin and cryptocurrency prices have soared this year as the U.S. dollar index hits year-to-date lows, with the Coinbase CEO recently unveiling an AI breakthrough.
The bitcoin price is currently hovering around $60,000 per bitcoin, up from January's lows of under $40,000, as traders anticipate that a new liquidity boost from the Federal Reserve could push the bitcoin and crypto market to the "cusp" of a significant move.
Now, with China preparing to unleash a bitcoin price bombshell, concerns
The bitcoin price is currently hovering around $60,000 per bitcoin, up from January's lows of under $40,000, as traders anticipate that a new liquidity boost from the Federal Reserve could push the bitcoin and crypto market to the "cusp" of a significant move.
Now, with China preparing to unleash a bitcoin price bombshell, concerns
OKX Receives Major Payment Institution License in Singapore
Cryptocurrency exchange OKX has been granted a Major Payment Institution (MPI) license in Singapore, according to a recent announcement. This license allows OKX to provide a range of payment services, including:
Digital payment token services
Money-changing services
Cross-border money transfer services
The MPI license is issued by the Monetary Authority of Singapore (MAS) and is a significant milestone for OKX as it expands its presence in the region.
Key Highlights:
OKX is one of the first cryptocurrency exchanges to receive the MPI license in Singapore
The license enables OKX to offer a wider range of payment services to customers in Singapore
The move is seen as a positive development for the cryptocurrency industry in Singapore, which has been actively promoting fintech innovation while maintaining strict regulatory standards.
About OKX:
OKX is a leading cryptocurrency exchange that offers a range of services, including spot and derivatives trading, staking, and more. With the MPI license, OKX is well-positioned to expand its services in Singapore and further establish itself as a trusted player in the cryptocurrency industry.
Cryptocurrency exchange OKX has been granted a Major Payment Institution (MPI) license in Singapore, according to a recent announcement. This license allows OKX to provide a range of payment services, including:
Digital payment token services
Money-changing services
Cross-border money transfer services
The MPI license is issued by the Monetary Authority of Singapore (MAS) and is a significant milestone for OKX as it expands its presence in the region.
Key Highlights:
OKX is one of the first cryptocurrency exchanges to receive the MPI license in Singapore
The license enables OKX to offer a wider range of payment services to customers in Singapore
The move is seen as a positive development for the cryptocurrency industry in Singapore, which has been actively promoting fintech innovation while maintaining strict regulatory standards.
About OKX:
OKX is a leading cryptocurrency exchange that offers a range of services, including spot and derivatives trading, staking, and more. With the MPI license, OKX is well-positioned to expand its services in Singapore and further establish itself as a trusted player in the cryptocurrency industry.
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and get exclusive rewards. Don’t miss out on this opportunity to boost your crypto journey! 💥**Start trading now and elevate your portfolio!*
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and get exclusive rewards. Don’t miss out on this opportunity to boost your crypto journey! 💥**Start trading now and elevate your portfolio!*
**Dogecoin (DOGE) Whales Retreat as September Begins**
Significant shifts have been observed in the Dogecoin (DOGE) market as September arrives. Data from IntoTheBlock reveals that large investors, or "whales" who hold at least 0.1% of DOGE’s circulating supply, have drastically reduced their on-chain activity since the start of the month.
Specifically, daily inflows into whale wallets have plummeted from 229.49 million to 27.96 million DOGE, an 87.81% drop. Outflows have also decreased sharply, from 181.29 million to 17.42 million DOGE daily, marki
Specifically, daily inflows into whale wallets have plummeted from 229.49 million to 27.96 million DOGE, an 87.81% drop. Outflows have also decreased sharply, from 181.29 million to 17.42 million DOGE daily, marki
40,000 BTC Withdrawn in 48 Hours: What’s Going On?
Recent on-chain data reveals a significant shift in the Bitcoin market. In the past 48 hours, approximately 40,000 BTC has been withdrawn from crypto exchanges. This notable outflow coincides with a period of relatively flat Bitcoin prices, suggesting that major market players may see the current price as an attractive buying opportunity.
At the time of this report, Bitcoin had risen by 1.11% over the past 24 hours, trading at $59,478, following a peak of $61,194 in the previous trading session
At the time of this report, Bitcoin had risen by 1.11% over the past 24 hours, trading at $59,478, following a peak of $61,194 in the previous trading session
Trump's crypto embrace is winning him votes
A recent poll shows that Donald Trump's efforts to win over crypto enthusiasts are paying off, with a significant lead among crypto owners.
2. Poll results: Trump leads among crypto owners
50% of likely voters who own cryptocurrency or related assets support Trump, while 38% support Kamala Harris.
3. Trump's change of heart on crypto
Trump had previously called cryptocurrency a "scam" in 2021 but has since changed his stance, which has helped him win over many in the crypto community.
4. Crypto
2. Poll results: Trump leads among crypto owners
50% of likely voters who own cryptocurrency or related assets support Trump, while 38% support Kamala Harris.
3. Trump's change of heart on crypto
Trump had previously called cryptocurrency a "scam" in 2021 but has since changed his stance, which has helped him win over many in the crypto community.
4. Crypto
**Crypto Market Blasts Past $10 Trillion Milestone**
The increasing interest from institutional investors in crypto assets could drive the total market value to over $10 trillion by 2030, signaling a major shift in the traditional financial landscape.
Institutions Fuel Crypto Market Growth Toward $10 Trillion by 2030
The crypto market has seen remarkable expansion, growing from a near-zero value fifteen years ago to a current capitalization of nearly $2 trillion.
Experts suggest that this rapid rise is just the beginning. By 2027, institutional i
Institutions Fuel Crypto Market Growth Toward $10 Trillion by 2030
The crypto market has seen remarkable expansion, growing from a near-zero value fifteen years ago to a current capitalization of nearly $2 trillion.
Experts suggest that this rapid rise is just the beginning. By 2027, institutional i
XRP's Global Push: How BRICS Ties Could Impact SEC's Ruling
XRP News Today: Will Ripple's BRICS Ties Impact the SEC's Appeal Decision?
Ripple, the company behind the $XRP
cryptocurrency, has been making headlines recently due to its growing ties with the BRICS nations (Brazil, Russia, India, China, and South Africa). As Ripple continues to expand its presence in these emerging markets, many are wondering if this will have an impact on the SEC's appeal decision regarding XRP's status as a security.
Ripple's BRICS Expansion
Ripple has been actively pursu
Ripple, the company behind the $XRP
cryptocurrency, has been making headlines recently due to its growing ties with the BRICS nations (Brazil, Russia, India, China, and South Africa). As Ripple continues to expand its presence in these emerging markets, many are wondering if this will have an impact on the SEC's appeal decision regarding XRP's status as a security.
Ripple's BRICS Expansion
Ripple has been actively pursu
**Elon Musk and Tesla Secure Dismissal of Lawsuit Alleging Dogecoin Market Manipulation**
A Manhattan judge has permanently dismissed a lawsuit claiming that Elon Musk and Tesla manipulated the price of Dogecoin (DOGE) through Musk's social media posts and public appearances.
U.S. District Judge Alvin Hellerstein ruled that Musk's statements about Dogecoin were "aspirational and puffery," not factual assertions that could mislead a reasonable investor.
The lawsuit, filed in 2022, accused Musk of using his influence on Twitter (now X) and a 2021 appearance on NBC's "Saturday Night Liv
U.S. District Judge Alvin Hellerstein ruled that Musk's statements about Dogecoin were "aspirational and puffery," not factual assertions that could mislead a reasonable investor.
The lawsuit, filed in 2022, accused Musk of using his influence on Twitter (now X) and a 2021 appearance on NBC's "Saturday Night Liv
**OKX Announces Listing of Hamster Kombat’s HMSTR Token in September**
HMSTR Token Launch on OKX
Hamster Kombat’s HMSTR token is set to launch on OKX on September 26, a move that is expected to generate substantial interest from gamers and traders alike. The token will debut on OKX's spot market, with the exchange planning multiple promotional campaigns to enhance user engagement.
Pre-Market Futures and Game Integration
For early access, OKX will offer USDT-margined Pre-Market Futures with up to 2x leverage. The HMSTR token, central to the TON blockchain-based gam
Hamster Kombat’s HMSTR token is set to launch on OKX on September 26, a move that is expected to generate substantial interest from gamers and traders alike. The token will debut on OKX's spot market, with the exchange planning multiple promotional campaigns to enhance user engagement.
Pre-Market Futures and Game Integration
For early access, OKX will offer USDT-margined Pre-Market Futures with up to 2x leverage. The HMSTR token, central to the TON blockchain-based gam
Russia's Gamble 39 billion ? Crypto to Bypass Sanctions
A new law in Russia allows for cross-border payments using cryptocurrency, which could help the country avoid international sanctions ¹. However, experts are skeptical about the effectiveness of this approach due to the traceability of blockchain transactions and the risk of even tougher sanctions ¹.
The law, signed by President Vladimir Putin in late July, permits cross-border crypto payments but doesn't lift the existing ban on using cryptocurrencies for regular payments within Russia ¹. The c
The law, signed by President Vladimir Putin in late July, permits cross-border crypto payments but doesn't lift the existing ban on using cryptocurrencies for regular payments within Russia ¹. The c
**Bitcoin Falls Under $60K As BlackRock’s BTC ETF Registers Second-ever Outflow of $13.5M**
The value of Bitcoin has tanked ahead of the weekend following BlackRock’s Spot BTC ETF outflow. At press time, Bitcoin (BTC) is worth $59,367, with a minimal decline in the last 24 hours.
The value of BTC today is almost 3% lower than it was seven days ago. Historically, BTC has dropped further down on the weekend compared to its Friday Wall Street close.
Overall, BTC’s demand growth remains low and has turned negative in the last few weeks. According to data from Alternative.me, the crypto F
The value of BTC today is almost 3% lower than it was seven days ago. Historically, BTC has dropped further down on the weekend compared to its Friday Wall Street close.
Overall, BTC’s demand growth remains low and has turned negative in the last few weeks. According to data from Alternative.me, the crypto F
**Former FTX Exec Withdraws Request to Enforce Plea Deal**
Ryan Salame, a former FTX executive sentenced to 7.5 years in prison, has retracted his legal request for a New York court to enforce his plea deal or overturn his sentence. Salame initially agreed to the plea deal in exchange for prosecutors dropping their investigation into Michelle Bond, his partner and the mother of his child.
Salame's lawyers had argued that prosecutors improperly secured his guilty plea by promising to cease their investigation into Bond, a former SEC lawyer and crypto a
Salame's lawyers had argued that prosecutors improperly secured his guilty plea by promising to cease their investigation into Bond, a former SEC lawyer and crypto a
Billionaire Telegram CEO Released on 1.54 Billion PKR Bail, Must Stay in France
Durov faces charges including complicity in child pornography, trafficking, money laundering, and organized crime.
Telegram CEO Pavel Durov, facing legal troubles, was granted bail on Wednesday after paying €5 million ($5.56 million). He is also under judicial supervision, required to report to the police twice a week.
The Russian-born billionaire was detained at a French airport on Saturday and charged with 12 counts of complicity. According to Paris prosecutor Laure Beccuau, "Pavel Durov was
Telegram CEO Pavel Durov, facing legal troubles, was granted bail on Wednesday after paying €5 million ($5.56 million). He is also under judicial supervision, required to report to the police twice a week.
The Russian-born billionaire was detained at a French airport on Saturday and charged with 12 counts of complicity. According to Paris prosecutor Laure Beccuau, "Pavel Durov was
Big player alert: 1,000 BTC just moved—could it be the same whale behind July's $467M dump?
The whale who reportedly shook the market by dumping $467 million worth of Bitcoin in July has made another major move. On August 29, reports emerged that this whale withdrew 1,000 BTC, valued at approximately $59.6 million, from Binance, the largest digital assets exchange.
This transaction occurs as Bitcoin continues to face significant selling pressure, with its price down 14% over the past 30 days, hovering near the $60,000 level.
Bitcoin Whale Withdraws 1,000 BTC
According to data from Spot
This transaction occurs as Bitcoin continues to face significant selling pressure, with its price down 14% over the past 30 days, hovering near the $60,000 level.
Bitcoin Whale Withdraws 1,000 BTC
According to data from Spot
Binance saw $3.7b worth of BTC, ETH leave in 30 days
According to Coinglass data, Binance saw a staggering 51,398 Bitcoin leave the exchange over the past month. Notably, around 48,000 of these coins were withdrawn on August 27, coinciding with widespread complaints from Palestinian users about frozen assets on the platform.
Additionally, Binance, the largest crypto exchange by trading volume, experienced an outflow of over 275,200 Ethereum in the past 30 days, with 86,486 ETH leaving in just the last 24 hours. Combined with the Bitcoin withdrawa
Additionally, Binance, the largest crypto exchange by trading volume, experienced an outflow of over 275,200 Ethereum in the past 30 days, with 86,486 ETH leaving in just the last 24 hours. Combined with the Bitcoin withdrawa
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