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A cold wallet (12Gws) associated with the now-collapsed crypto exchange Mt. Gox transferred 32,371 B...A cold wallet (12Gws) associated with the now-collapsed crypto exchange Mt. Gox transferred 32,371 Bitcoin to an unknown wallet address starting with 1FG2Cv. According to the data intelligence platform Arkham, the transaction occurred at 7:38 UTC+8.

The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million on November 4, marking their se...The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million on November 4, marking their second-largest outflow day in history.

Two years after the FTX collapse, exchanges are focusing on asset transparency, but Coinbase remains...Two years after the FTX collapse, exchanges are focusing on asset transparency, but Coinbase remains the only major exchange without a public Proof-of-Reserves report.

The majority of that stash, nearly 30,400 BTC, was sent to '1FG2C…Rveoy', and 2,000 BTC wa...The majority of that stash, nearly 30,400 BTC, was sent to '1FG2C…Rveoy', and 2,000 BTC was moved to '15gNR…a8Aok' after first being transferred to a Mt. Gox cold wallet.

Tom Lee from Fundstrat Global Advisors and analysts from Bernstein foresee strong markets leading in...Tom Lee from Fundstrat Global Advisors and analysts from Bernstein foresee strong markets leading into 2025, irrespective of the results of the upcoming US presidential election. While Lee anticipates a broad market rally across various sectors, Bernstein pointed out Bitcoin's (BTC) resilience amid political uncertainty. Tom Lee, managing partner and head of research at Fundstrat, recently shared his insights on the matter.

The recent price movements of Bitcoin have reignited interest among analysts and investors as the cr...The recent price movements of Bitcoin have reignited interest among analysts and investors as the cryptocurrency approaches a significant event—the US election—later this month. A CryptoQuant analyst known as CoinLupin recently shared an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin’s Market Value to Realized Value (MVRV) ratio, a metric often used to assess Bitcoin’s value in relation to its on-chain fundamentals. With macroeconomic factors introducing uncertainty in the crypto markets, CoinLupin offered insights on the importance of the MVRV ratio for evaluating Bitcoin’s current market position. The MVRV ratio, currently around 2, indicates that Bitcoin’s market value is roughly double its on-chain realized value, reflecting the average price paid by all holders of the asset. CoinLupin stressed that the focus should be on observing changes in the MVRV trend over time rather than fixating on its absolute value. By employing the 365-day Bollinger Band for MVRV alongside the 4-year average—a common indicator of Bitcoin’s cyclical trends—the analyst pointed out that the MVRV ratio is currently above the long-term average and has recently surpassed its 365-day moving average. According to CoinLupin, this suggests that Bitcoin’s upward trend remains intact. He elaborated on the potential implications of Bitcoin’s MVRV levels, especially in relation to historical cycle peaks. In past cycles, Bitcoin has typically reached its peak when the MVRV ratio is between 3 and 3.6. Although Bitcoin’s current MVRV of 2 does not yet reach this peak range, the upward trend in the MVRV suggests that the market may still have room for growth if historical patterns hold. If the Realized Value (RV) remains steady, CoinLupin forecasts that Bitcoin would need to rise by approximately 43% to 77% to achieve an MVRV level between 3 and 3.6. This translates to a potential price target range of $95,000 to $120,000, assuming market conditions favor upward momentum. However, the analyst also noted that the Realized Value could increase as new buying interest develops, potentially pushing peak valuations beyond these estimates. After several weeks of building momentum to break through the $70,000 resistance, Bitcoin has once again dropped below this price point, suggesting there may not be sufficient momentum yet for further gains. So far, the asset has declined by nearly 1% in the past week. Currently, BTC is trading at $68,306, reflecting a slight 1% increase in price, with its 24-hour high at $69,317. Interestingly, despite the recent price dip, Bitcoin's daily trading volume has seen an increase during this period. Data from CoinGecko indicates that BTC's 24-hour trading volume has risen from below $30 billion last Monday to over $38 billion today.

Bitcoin is experiencing considerable volatility and uncertainty as it approaches a crucial week, wit...Bitcoin is experiencing considerable volatility and uncertainty as it approaches a crucial week, with tomorrow’s U.S. election expected to significantly influence its price movements. BTC is currently stable above the $68,000 level, which has transitioned from resistance to a strong demand zone. Analysts view this level as vital for maintaining bullish momentum, especially with high-stakes events on the horizon. Key data from Coinglass shows a marked decline in Bitcoin’s open interest, indicating that many investors are closing their positions due to the uncertainty surrounding the election and the Federal Reserve’s interest rate decision scheduled for Thursday. This drop in open interest reflects a cautious market sentiment as traders anticipate the election outcome and its possible impact on broader financial markets and Bitcoin’s path. With BTC managing to stay above this demand zone, the coming days will be critical for confirming its direction. A sustained hold could enhance BTC’s outlook, potentially leading to a breakout. Conversely, increased selling pressure related to market reactions could challenge this level. The upcoming week could be a pivotal moment for Bitcoin’s price movements as macro events unfold. Bitcoin Investors Preparing for This Week Bitcoin is poised for what could be the most defining week of this market cycle. Approaching all-time highs, BTC is facing increased volatility as two significant events take place: the U.S. presidential election and the Federal Reserve’s decision on interest rates. These events are set to influence both Bitcoin and global financial markets, potentially affecting international trade policies and economic stability. Recent data from Coinglass indicates that investors are preparing for a turbulent week, as open interest in Bitcoin has significantly decreased, with many traders closing their long and short positions ahead of the election. This retreat in open interest indicates caution, as the crypto market anticipates substantial volatility resulting from the election results and the Fed’s rate decision. Coinglass shared an analysis on X, stressing that Bitcoin’s price could see extreme fluctuations regardless of the election outcome, likening it to a “wild rollercoaster.” This week is crucial for Bitcoin and the broader global economy, with analysts suggesting that the election could influence international economic policies and trade relations for years to come. The Fed’s rate decision, set to occur just days after the election, adds further uncertainty, as it could determine the direction of monetary policy and market liquidity. With BTC hovering near historic highs, investors are closely monitoring these events to gauge market direction. Whether Bitcoin breaks to new heights or experiences a pullback largely depends on the evolving economic landscape. For now, Bitcoin remains on edge, with investors ready for a week that could shape its trajectory for the upcoming months. BTC Testing Crucial Liquidity Bitcoin is trading at $68,800 after failing to break its all-time highs last week. This week is expected to bring increased unpredictability to BTC’s price movements, driven by significant global economic events. Key levels to watch are essential: if Bitcoin can maintain support above $68,000, it will likely prepare for another attempt to surpass its record high. However, volatility may test this support, potentially shaking out “weak hands” before any substantial upward momentum. If BTC falls below $68,000, further pullbacks could ensue, allowing institutional buyers to accumulate before a renewed effort. If Bitcoin successfully breaks above its all-time high of $73,794, it will enter a price discovery phase, where the lack of resistance could trigger a rally driven by FOMO (fear of missing out) among investors. This upward momentum in a price discovery zone often leads to rapid price increases as more buyers enter the market. As Bitcoin approaches this level, market participants remain vigilant, anticipating a potential breakout that could redefine broader market sentiment and establish new highs for the cycle.

Deutsche Telekom, Europe's largest telecommunications provider, has announced a pioneering pilo...Deutsche Telekom, Europe's largest telecommunications provider, has announced a pioneering pilot project to operate Bitcoin mining infrastructure using surplus renewable energy. The initiative is a collaboration between Deutsche Telekom subsidiary MMS and Bankhaus Metzler, aiming to utilize excess electricity that would otherwise remain unused due to grid limitations or lack of storage solutions.

Michigan State has acquired shares from two Ethereum ETFs offered by Grayscale, making it the first ...Michigan State has acquired shares from two Ethereum ETFs offered by Grayscale, making it the first recorded State Pension Fund to purchase Ethereum ETFs. According to a filing with the US Securities and Exchange Commission (SEC), the State of Michigan has become a top five holder of Grayscale’s spot Ethereum, now holding almost half a million ETH shares.

The fund now holds more Ethereum than Bitcoin, despite the latter receiving regulatory approval for ...The fund now holds more Ethereum than Bitcoin, despite the latter receiving regulatory approval for an ETF earlier in January.

The Michigan State Pension Fund holds over $11 million in spot Ethereum exchange-traded funds. In a ...The Michigan State Pension Fund holds over $11 million in spot Ethereum exchange-traded funds. In a 13F filing, the Michigan Retirement System reported approximately $10 million in Grayscale's ETHE ETF and $1.1 million in the Grayscale Ethereum Mini Trust ETF (ETH). The Michigan State Pension Fund disclosed in a 13F filing that it acquired [...] The post Michigan State Pension Fund Reveals $10 Million in Ethereum ETF Holdings appeared first on CoinJournal.

Michigan's state pension fund has invested $11M in an Ethereum ETF, marking a significant miles...Michigan's state pension fund has invested $11M in an Ethereum ETF, marking a significant milestone for Ethereum ETF investments in US pensions. The post Michigan Becomes the First State Pension Fund to Invest in Ethereum ETFs with $11M Stake originally appeared on Crypto Briefing.

As Ethereum starts to exhibit positive price movement once again, the altcoin is experiencing a surg...As Ethereum starts to exhibit positive price movement once again, the altcoin is experiencing a surge of bullish predictions from various crypto experts regarding its short-term trajectory, indicating a potential rally in the coming weeks. A 63% Rally for Ethereum Could Be on the Horizon. In an optimistic post, market expert and [...]

Several analysts believe that Ripple's XRP is poised for explosive price action. An analyst kno...Several analysts believe that Ripple's XRP is poised for explosive price action. An analyst known as "StephIsCrypto" presents a bold and optimistic outlook for XRP, indicating that a significant price rally is on the horizon due to increased global liquidity. In a published analysis, Steph emphasized the token's historical connection with rising liquidity and structural patterns such as the descending channel and Bollinger Bands. According to Steph, these factors are key to setting up XRP for a price increase soon. At the time of writing, XRP was trading at $0.5052, up 0.5% in the last 24 hours, and has experienced nearly a 2% rally over the past week, according to Coingecko data. XRP's relationship with global liquidity shows that higher liquidity typically benefits Ripple's XRP, driving price rallies. In Steph's analysis, the liquidity of a token, or the available cash flow in the market, has historically helped XRP maintain its price action in previous cycles. Steph is now observing a similar trend, as global liquidity is increasing due to favorable central bank policies. He points to the potential actions of the Federal Reserve, which could inject more money into circulation, weakening fiat currencies but creating more capital. Steph views the token as a great investment opportunity when this liquidity surge occurs. His thesis regarding XRP is also based on the movement of the Weighted Global Liquidity Index (WGLI), which tracks the world's money supply by examining central banks' balance sheets and other significant financial statements. The analyst argues that this index reflects potential price movements of riskier assets, such as XRP. If the index trends upward, crypto assets tend to rise as well. According to Steph, every price surge of XRP has occurred immediately after an increase in the index. Currently, there's a divergence between XRP's price and the index; despite rising global liquidity, XRP's price appears stable. However, for Steph, this situation serves as a bullish signal. He also notes that the Bollinger Bands and the Descending Channel indicate a favorable run for XRP. Since 2021, XRP has been trading within a descending channel, characterized by multiple resistance levels and declining volumes. He highlighted that the asset's Bollinger Bands are compressed, which in the crypto space suggests likely price action. For instance, XRP's Bollinger Bands tightened in 2017, which was followed by a price rally. If the analysis and data trends hold true, the analyst anticipates that XRP could reach $14, representing a 2,670% increase.

このファンドは「UBS USDマネーマーケット投資ファンドトークン」、略して「uMINT」と呼ばれています。このファンドはブロックチェーンと呼ばれる技術に基づいており、特にEthereumの分散台帳技...このファンドは「UBS USDマネーマーケット投資ファンドトークン」、略して「uMINT」と呼ばれています。このファンドはブロックチェーンと呼ばれる技術に基づいており、特にEthereumの分散台帳技術を使用しています。しかし、これは投資家にとって何を意味するのでしょうか？なぜ重要なのでしょうか？UBSにとってのこの重要なニュースについてもっと探ってみましょう。uMINTファンドとは何ですか？uMINTファンドは[...]

One executive from 21Shares stated, 'Just as Amazon evolved beyond books to redefine entire ind...One executive from 21Shares stated, 'Just as Amazon evolved beyond books to redefine entire industries, Ethereum may also surprise us with revolutionary use cases that we can't fully envision today.'

The US Presidential election is just around the corner. By November 6, 2024, we will have the result...The US Presidential election is just around the corner. By November 6, 2024, we will have the results of...

The number of monthly active addresses on the Solana (SOL) network has reached 138 million this mont...The number of monthly active addresses on the Solana (SOL) network has reached 138 million this month, experiencing exponential growth throughout the year amid a broader recovery in the cryptocurrency market. According to data from Artemis, Solana had approximately 13.8 million monthly active addresses at the beginning of the year, with this number gradually increasing until ...

The Cardano (ADA) community came together to defend Charles Hoskinson, the founder of the blockchain...The Cardano (ADA) community came together to defend Charles Hoskinson, the founder of the blockchain, after he faced sharp criticism on X (formerly Twitter). The debate started on Saturday when a user with the handle 'Dclay' questioned Hoskinson's involvement in the project, suggesting that he might be hindering Cardano's progress in some way due to his personality and [...]

A basket of tokens, including TREMP, MAGA, and TRUMP, has surged nearly 90% since the presidential d...A basket of tokens, including TREMP, MAGA, and TRUMP, has surged nearly 90% since the presidential debate in September.

It's a 'do or die' moment for XRP, one trader suggested.

Next year could bring significant changes to the crypto market. Some tokens are anticipated to outpe...Next year could bring significant changes to the crypto market. Some tokens are anticipated to outperform others during the upcoming altseason. Solana, Tron, and CYBRO are emerging as leading candidates for substantial gains. This article examines the reasons these cryptocurrencies might take the lead in delivering strong returns. CYBRO Presale Achieves $3 Million Milestone: [...]

XRP kicked off the week on a positive note, trading at $0.51 with a modest 1.68% gain over the last ...XRP kicked off the week on a positive note, trading at $0.51 with a modest 1.68% gain over the last 24 hours, according to CoinMarketCap data.

The Cardano (ADA) community has come together to defend the network's founder, Charles Hoskinso...The Cardano (ADA) community has come together to defend the network's founder, Charles Hoskinson, after an online dispute sparked by harsh criticisms. The controversy began on Saturday when a user on X (formerly Twitter), using the pseudonym 'Dclay,' posted, 'Is Charles Hoskinson really the cancer of Cardano? Would this chain be a lot better without [...]

Zodia Custody, the digital asset custodian backed by Standard Chartered, is in discussions for a new...Zodia Custody, the digital asset custodian backed by Standard Chartered, is in discussions for a new round of capital raising. The institutional-grade digital asset custody solution aims to secure approximately $50 million to enhance its operational capacity, expand its product offerings, and broaden its market reach. This funding initiative follows a previous capital raise of $36 million.

Gene Zawrotny, a former executive, is suing Linqto for fraud, market manipulation, and other allegat...Gene Zawrotny, a former executive, is suing Linqto for fraud, market manipulation, and other allegations. He claims that Linqto inflated its user base, engaged in insider trading, and manipulated share prices. Gene Zawrotny, who was previously the Chief Revenue Officer at the Delaware-based investment firm Linqto, has filed a lawsuit against the company and two of its...

As the political landscape shifts in anticipation of the upcoming midterm elections in 2026, major p...As the political landscape shifts in anticipation of the upcoming midterm elections in 2026, major players in the crypto industry are making significant financial commitments to support candidates who advocate for favorable regulatory changes. Notably, venture capital firm Andreessen Horowitz, better known as a16z, has pledged more than $23 million to the political action committee […]

As American voters head to the polls today, the whole world awaits the outcome.

BingX has announced its investment division, BingX Labs, and has invested in a new project called Ag...BingX has announced its investment division, BingX Labs, and has invested in a new project called AgentLayer to create decentralized economies for autonomous AI agents. AgentLayer launched in September on BingX's launchpool and is currently listed on the exchange for trading.

This year has seen a significant surge in inflows for crypto investment products, reaching an annual...This year has seen a significant surge in inflows for crypto investment products, reaching an annual record of $29.2 billion, according to a recent report from CoinShares. Weekly net inflows for the past week alone amounted to $2.18 billion, driven by various market factors and heavily influenced by the political climate in the United States.

The industry needed a friend after the Biden Administration. However, partnering with Trump comes wi...The industry needed a friend after the Biden Administration. However, partnering with Trump comes with many risks, says Ben Schiller.

A Polymarket user, identified as a 'whale,' sold nearly $4 million in bets related to form...A Polymarket user, identified as a 'whale,' sold nearly $4 million in bets related to former US President Donald Trump's victory in the upcoming Nov. 5 elections over the past 24 hours. This investor had accumulated over $15.3 million in trading volume across 24 different markets. On-chain data showed that the 'whale' known as 'larpas' began to liquidate positions [...] The post Whale Sells $4M in Bets on Trump Victory on Polymarket Amid Election Uncertainty appeared first on CryptoSlate.

Coinbase, the largest cryptocurrency exchange in the US by trading volume, achieved a significant vi...Coinbase, the largest cryptocurrency exchange in the US by trading volume, achieved a significant victory in its battle to disclose Chokepoint 2.0 documents.

Tokenomist has revealed that $2.6 billion in new token supply is scheduled for release in November. ...Tokenomist has revealed that $2.6 billion in new token supply is scheduled for release in November. The data tracker specified that approximately $1.7 billion will be unlocked gradually, while $900 million in tokens will be unlocked all at once.

Singapore Gulf Bank has launched Bahrain's first regulated corporate banking services that are ...Singapore Gulf Bank has launched Bahrain's first regulated corporate banking services that are compatible with cryptocurrencies, bridging the gap between traditional and digital finance. SGB offers seamless and secure digital asset management for corporate clients, positioning Bahrain as a leader in digital finance in the MENA region. Singapore Gulf Bank (SGB) has officially launched its corporate banking services, marking a historic milestone as Bahrain's first regulated bank to...

Israeli billionaire businessman Idan Ofer has signed a significant agreement with the Chinese shipbu...Israeli billionaire businessman Idan Ofer has signed a significant agreement with the Chinese shipbuilding company Jiangnan...

Meta stated that sharing open-sourced AI technology within the US and with its allies will help main...Meta stated that sharing open-sourced AI technology within the US and with its allies will help maintain their 'technological edge' over China and other competitors.

Over the weekend, Binance and Coinbase were accused of demanding millionaire fees for token listings...Over the weekend, Binance and Coinbase were accused of demanding millionaire fees for token listings, sparking a conversation about listing requirements, competition between exchanges, and FUD (fear, uncertainty, and doubt). Several industry figures, including Justin Sun, Brian Armstrong, and Changpeng Zhao, commented on the issue, with Zhao denying the claims on Monday. Related Reading: XRP [...]

A group of major firms from traditional finance have teamed up to launch the Global Dollar Network, ...A group of major firms from traditional finance have teamed up to launch the Global Dollar Network, a regulation-compliant network aimed at accelerating the adoption of stablecoins.

Binance founder Changpeng Zhao, also known as 'CZ,' is back in the spotlight after spendin...Binance founder Changpeng Zhao, also known as 'CZ,' is back in the spotlight after spending four months in jail. One of Zhao's first public appearances was at the Binance Blockchain Week conference, where he shared insights about his experiences, future plans, and his current relationship with the exchange he founded.