News

Biden's Exit Paves Way for Crypto-Friendly Democratic Agenda

Explore how Biden’s endorsement of Harris along with his choice to resign from the 2024 race has introduced a new trend within a positive angle in direction of cryptocurrencies as depicted by the Democratic party. Discover the ways in which the whole of the crypto industry will react to this change.

Yagyesh Jaiswal

This non-reelection bid by President Joe Biden poses a distinct and tactical opportunity for the Democratic Party to appear and support the cryptocurrencies. Some of the above strategic shifts may revert the support of crypto votes in the next Presidential Election of 2024.

July's Crypto Inflows Top $3 Billion, Driven by ETFs

The global crypto market reports a net capital inflow of over $3 billion in July primarily in Multi-ETF, Bitcoin & Ethereum. Explore how these inflows contribute to the big scheme of things regarding the cryptocurrencies.

Yagyesh Jaiswal

Asset managers acquired greater than $3 Billion in fresh funds into crypto investment in July mainly due to Bitcoin and Ethereum ETFs. Such rise shows that there is a growing interest in the digital currency market by investors, more so with institutional ones.

Biden's Withdrawal From 2024 Election Liquidates $67M

An analysis of President Joe Biden's announcement in July 2024 that he would not seek re-election in 2024 led to a sharp drop and volatility in cryptocurrency prices, liquidating $67 million in leveraged long positions.

Yagyesh Jaiswal

This report examines the impact of President Biden's withdrawal from the 2024 election on the cryptocurrency market, analyzing price movements and over $67 million in liquidations of leveraged long positions that occurred within 30 minutes following his announcement.

Arkham Moves 304.5M ARKM Tokens to Coinbase Custody

Arkham has moved over 304 million ARKM tokens, approximately $487 million from its vesting contract to Coinbase Prime custody to adhere to tax and regulatory requirements.

Yagyesh Jaiswal

Blockchain company Arkham has shifted its ARKM tokens from a vesting contract to Coinbase Prime custody as it prepares to pay the necessary taxes on its holdings.

CBOE Sets Spot ETH ETF Launch Date On July 23rd

After extensive review, CBOE confirms top ETF providers like Fidelity will debut their Ether funds on July 23rd, with the potential to increase investment flows into Ether.

Yagyesh Jaiswal

A closer look at CBOE's announcement of the July 23rd listing for pioneering spot ETH ETFs from heavyweights such as Fidelity, VanEck, and others. Details on the ETF issuers, expected fees, and potential impact on Ether prices are analyzed.

S.Korea Enforces New Crypto Law for Crypto Users’ Benefit

South Korea, on 19th July implemented a new law with a focused aim of protecting its users in the crypto space.

Yagyesh Jaiswal

The newly enforced crypto law to protect users in the crypto space has been frowned upon by many crypto exchanges in South Korea, as they consider delisting several digital assets.

SOL & ETH Reach New Price Level As BTC Price Surge

Bitcoin and Ethereum have reached new price levels, as Bitcoin continues to make a significant impact in the crypto market.

Yagyesh Jaiswal

Solana has reached a new price result, breaking out of its “PENNANT” pattern, as Ethereum and other altcoins gain a slight increase in market price. Also, Bitcoin price surges have seen significant liquidation for shorts positions compared to what have been recorded for long positions.

Bitcoin Seen as Buffer Against Potential Collapse

As the US national debt nears $35 trillion, experts warn of economic instability. Erik Voorhees backed Bitcoin as a crucial stabilizer in the looming financial crisis, highlighting its potential to limit government power and Control to foster economic resilience.

Yagyesh Jaiswal

Total US national debt is rapidly approaching dangerous levels and Americans debate economic vulnerabilities and even future role of Bitcoin as an answer to fiscal crisis.

FTX Proposes $12.7 Billion Settlement in CFTC Dispute

FTX proposes a $12.7 billion settlement with the CFTC in order to finalize its bankruptcy process, aiming to resolve claims with significant credits from other bankruptcy payments. This strategic operation is designed to maximize payouts to creditors and minimize legal complexities.

Yagyesh Jaiswal

The Petition process that FTX has presented is a $12 billion rehabilitation plan with the CFTC, which can provide the resolution on the bankruptcy claims and try to simplify the process of rewarding the creditors with their investments.

Recap: Polkadot Decoded Silenced Criticism of a Dead Ecosystem

‘Polkadot Decoded’, was a fruitful event that brought to light the growth of Polkadot and the various important technological innovations that are needed to enhance the functionality of the blockchain.

Yagyesh Jaiswal

‘Polkadot Decoded' focused on highlighting significant developments that have taken place while also creating awareness among the general public about several innovations that will be launched on the platform in a few months. The new development includes the launching of new applications with simple features to improve user experience.

Trump Confirms Crypto Plans With Vice President Pick

Trump has made another big decision by choosing J.D. Vance, a Bitcoin holder as his running mate, to support his plans for the Bitcoin industry if elected President.

Yagyesh Jaiswal

Republican Presidential candidate Donald Trump has confirmed that his pro-crypto plans are not just words, as he decided to choose J.D. Vance, a Senator and a Bitcoin holder as his running mate.

Germany Completes Bitcoin Sell-off After 23 Days

Germany has sold all its Bitcoin holdings after 23 days, impacting the crypto market significantly. Explore the details and implications of this major divestment.

Yagyesh Jaiswal

Germany has sold all the Bitcoins that it seized for 23 days influencing the market trends in the process that is activated both by institutional and private buyers.

ETH ETF Spot Issuers Receive Positive Update Before Launch

SEC has given preliminary approval to three Ether Spots ETF issuers as trading activities are set to commence next Tuesday.

Yagyesh Jaiswal

The long-awaited Ether ETF launch is around the corner after the SEC gave preliminary approval to three of the eight spot issuers with trading activities set to kickstart next Tuesday. All spot issuers have also been asked to submit their final S-1 application form for approval.

Mt. Gox $12B Bitcoin Transfer Affects Bitcoin Market Price

Mt. Gox's major Bitcoin transfers to unknown wallets have impacted negatively the price of Bitcoin.

Yagyesh Jaiswal

The Price of Bitcoin has been slightly affected by Mt. Gox's major transactions involving 190,000 Bitcoin as they intend to start immediate repayment of Bitcoin to creditors before August.

Lazarus Emerges as Leading Suspect in Mega DMM $305M Hack

Lazarus emerged as the leading suspect in a crypto hack involving DMM as about $305 million was lost.

Yagyesh Jaiswal

In a $305 million hack involving DMM, North Korean-based cybercrime organization Lazarus has emerged as a potential suspect due to a comparison from recent transactions. However, $35 million has already been laundered through an online Marketplace in Cambodia.

Memecoin Surge Following Assassination Attempt on Trump

The failed assassination attempt on Donald Trump yesterday in Pennsylvania has seen some meme coins price surge by a significant percentage.

Yagyesh Jaiswal

TRUMP/WETH and $TREMP based on Ethereum and Solana respectively all had a significant increase in price after Donald Trump survived an assassination as many more meme tokens inspired by the Republican Presidential candidate are being created.

Crypto Voters Set to Impact 2024 US Presidential Election

Coinbase reports crypto voters as a significant, bipartisan force in the upcoming US presidential election, potentially swaying key battleground states.

Yagyesh Jaiswal

Coinbase highlights crypto voters as a major force in the 2024 US presidential election. These voters, largely young and diverse, show high enthusiasm and bipartisan tendencies, potentially influencing key battleground states.

Morgan Creek To Invest $500M In New Web3 Fund

Web3 is attracting interest as Morgan Creek becomes the latest company interested in making a big money investment. $500 million is the total figure the investment company intends to spend on their proposed Projects.

Yagyesh Jaiswal

Morgan Creek is set to join the Web3 trend as the company recently showed interest in raising $500 million for investment in key Web3 areas like artificial intelligence, and blockchain technology including chips and data.

Trump Has Verified That He Will Speak at Bitcoin 2024 Event

After a resounding endorsement of cryptocurrencies, US presidential contender Donald Trump has been confirmed to appear at the next national Bitcoin conference.

Yagyesh Jaiswal

A reverse decision by Donald Trump to support the Bitcoin industry and crypto as a whole has raised his support among many crypto firms with the Presidential candidate announced to be a speaker at the Bitcoin conference to take place in Nashville, Tennessee.

Analysts Predict New High For Meme Coins In Bull Run

Experts and analysts in crypto have some incredible predictions about meme coins later in the bull market, as leading meme coins such as DOGE, SHIBA, and FLOKI are expected to reach new highs.

Yagyesh Jaiswal

Meme coins are expected to lead the way in the current bull run, beating the number one digital asset Bitcoin as new highs have been predicted for DOGE, SHIBA, and FLOKI.

Over 6K BTC: German Government Makes Another Bitcoin Sale

Despite several warnings, the German government is still selling its own Bitcoin, causing a stir in the crypto market.

Yagyesh Jaiswal

The path taken by the German government is not encouraging although a financial institution has decided to make a strategic move to buy the deep.

Boost for Crypto Industry in UK Following Labour Party Election Victory

The Emergence of Labour Party in the just concluded UK general election is of great news to the crypto industry with nothing but positivity being all that is expected.

Yagyesh Jaiswal

The crypto industry has been boosted by the recent outcome of the United Kingdom general Election following a change in power after the Labour Party emerged victorious.

Tron CEO Makes an Offer to Buy Germany's Remaining BTC

The founder of TRON suggested starting negotiations with Germany to purchase the remaining Bitcoin holdings in that country worth $2B.

Yagyesh Jaiswal

Discover the TRON founder Justin Sun's recent offer to the German government to purchase the country's remaining Bitcoin holdings of 40,359 BTC, currently worth around $2.3 billion. It provides background on Sun and Germany's Bitcoin and analyzes the feasibility of such an acquisition.

Bitcoin Crashes to $54K: Fifth Largest Loss Since FTX

Bitcoin recently experienced a realized loss of $814 million following the news related to Mt. Gox's repayment plan. Short term holders bore the brunt of this loss accounting for $587 million due to panic selling triggered by the Mt. Gox updates.

Yagyesh Jaiswal

Bitcoin faced realized losses totaling $814 million with short term holders facing the impact as news surrounding Mt. Gox's repayment plan led to a sell off.

BTC falls below $60K as Mt Gox starts creditor repayments

The Bitcoin price fell more than 4% on July 3 to go below the critical $60,000 level for the first time since late May. Analysis shows a jump in historical Bitcoin trading, most likely due to the Mt Gox trustee beginning reimbursements to creditors after 10 years.

Yagyesh Jaiswal

Bitcoin price declined over 4% on July 3 to dip under the key $60,000 level for the first time since late May. Analysis shows a surge in old Bitcoin moving likely related to the Mt Gox trustee beginning repayments to creditors after 10 years of waiting. This article analyzes the factors that contributed to Bitcoin falling under $60K and whether the start of Mt Gox repayments was a primary catalyst.