BitMine Immersion Technologies currently holds a value of approximately 1.5 billion worth of Ethereum after the recent market crash. The aggressive action of the company is also associated with further optimism in the cryptocurrency industry, despite the doubts regarding the sustainability of the digital assets treasuries. BitMine Increases Ethereum Holdings. It was reported that BitMine…
Stablecoin giant Tether just unleashed 1 billion USDT for the crypto market. Analysts expect the event to trigger another bullish scenario for crypto, but others warn of possible market manipulation on the sidelines. Tether minted an additional 1 billion USDT on Sunday. The event, confirmed by onchain monitoring platforms and exchanges like Bitget, led analysts…
US spot Bitcoin ETFs faced significant outflows this week, totaling $1.22 billion, as the price of Bitcoin (BTC) tumbled from… For the full story, head over to TheCurrencyAnalytics.com.
The US dollar’s hegemony is over, as evidenced by China’s recent announcement of export controls on rare earth minerals, a critical component in electronics manufacturing and military defense applications, according to analyst Luke Gromen. China’s rare earth mineral export controls prohibit the sale of the critical minerals to the US military industrial complex, which backs…
An American retiree says more than $3 million in XRP vanished after he checked Ellipal’s mobile app on Oct. 15 and saw his balance gone, a discovery that spurred an on-chain tracing effort by pseudonymous analyst ZackXBT. CoinDesk has not independently verified the investor’s identity, balances, or the complete on-chain path. The account comes from…
It is reported that in a global operation called Operation SIMCARTEL, Europol has disrupted a large cybercrime-as-a-service (CaaS) network. The concerted campaign was aimed at a complex SIM farm operation, which was used to commit large-scale cyber fraud, phishing, and investment fraud. The police officers carried out 26 raids and arrested seven wanted offenders, as…
The meme coin market is showing renewed activity, with major players such as Pepe Coin (PEPE) and Shiba Inu (SHIB) indicating a new wave of investor confidence. While PEPE has a stated goal of reaching a market capitalization of $10 billion, available statistics suggest that both SHIB and the rapidly growing project Little Pepe (LILPEPE) are positioned for significant growth. A combination of…
Dogecoin (DOGE) is showing critical price action this week as it retests the lower boundary of an ascending channel on… For the full story, head over to TheCurrencyAnalytics.com.
Key points: Bitcoin can keep the bull market range in play if it reclaims $108,400 in the coming hours, says analysis. Volatility increases into the weekly close as thin order books see $200 million in 24-hour liquidations. Altcoin futures show just how traders have lost out since the last bear market bottom. Bitcoin (BTC) teased…
NYDIG is calling time on what it says is one of crypto’s most persistent myths: that stablecoins are pegged to the U.S. dollar. In a post-mortem on last week’s $500 billion crypto market sell-off, the bitcoin-focused financial services firm’s Global Head of Research Greg Cipolaro pointed to the instability of supposedly stable assets like USDC,…
