Declining Exchange Balances Signal Long-Term Holding The balance of Bitcoin on exchanges has plummeted to its lowest level since March 2018, dipping below 2.3 million BTC. This significant decrease is largely driven by substantial outflows from major exchanges such as Binance and Coinbase, indicating a market shift towards a long-term...

As of June 1, new regulations have come into effect in Hong Kong, requiring all virtual asset trading platforms (VATPs) operating or marketing to investors in Hong Kong to be licensed by the Securities and Futures Commission (SFC). The SFC has revealed a list of two licensed crypto trading platforms...

As selling pressure eases and the overall market grows, Pepe (PEPE) has seen a significant price increase today, positioning itself to potentially challenge Shiba Inu (SHIB) and Dogecoin (DOGE) as the meme coin with the highest market cap. Current Performance: Technical Analysis: Market Cap and Potential: Conclusion:While PEPE faces some...

Stablecoin issuer Tether has acquired $100 million worth of shares in Bitdeer Technologies Group, a U.S.-listed Bitcoin mining company owned by Chinese billionaire Jihan Wu. Key Points: Strategic Move:This agreement marks a significant step for Tether toward becoming a major player in Bitcoin mining. Last year, the company began constructing...

A recent report reveals that 562 million people worldwide now own digital currencies, a notable increase from 420 million in 2023, representing 6.8% of the global population. Asia is at the forefront of this growth, with North America following closely behind. Overall, cryptocurrency adoption is rising globally, with significant increases...

The largest token associated with U.S. presidential candidate Donald Trump, MAGA (TRUMP), experienced significant volatility following Trump’s conviction on 34 felony counts of falsifying business records. Initially, the token’s value dropped by 16%, but it subsequently rebounded, reaching a new all-time high. Background:The charges stem from Trump’s alleged efforts to...

Bloomberg has reported that Tesla CEO Elon Musk and U.S. presidential candidate Donald Trump are in discussions regarding cryptocurrency policy, sparking widespread debate within the crypto community. Key Points: Trump Extends an Olive Branch to the Crypto Industry:During a speech at the Libertarian National Convention, former President Trump promised to...

The ongoing bull market in the crypto sector, fueled by regulatory breakthroughs and significant events such as Bitcoin halving and the approval of cryptocurrency ETFs in the US and Hong Kong, has driven prices to new heights. However, this positive momentum is also accompanied by a surge in losses due...

Insiders reveal that President Joe Biden’s re-election campaign has been reaching out to cryptocurrency industry figures over the past two weeks, seeking guidance on “crypto community and policy.” Key Developments: The latest engagement with digital asset experts follows the backlash from crypto advocates against the Biden administration’s veto of the...

The fervor for U.S. presidential meme coins continues unabated. On Wednesday, Trump’s meme coin reached an all-time high of $15.45. On May 29, the value of Trump Coin soared to $8.06 million. Additionally, various Trump-related crypto assets are emerging, including those mined using the Bitcoin Runes protocol. As interest in...