Ripple CEO Brad Garlinghouse has suggested that XRP’s dramatic price rally can be attributed to shifting regulatory dynamics in the United States. Following the resignation announcement of SEC Chair Gary Gensler and Ripple’s significant legal victory against the SEC earlier this year, XRP has experienced an extraordinary surge. Brad Garlinghouse, alongside Ripple’s Chief Legal Officer…
Shiba Inu has experienced a significant uptrend since September, pushing its price to multi-month highs. This rise allowed SHIB to capitalize on the bullish market sentiment and record a 24% gain over the past 24 hours. However, growing uncertainty among investors could delay the cryptocurrency’s ability to capitalize on its current momentum fully. As outflows…
Chainlink ($LINK) has recently experienced significant upward momentum, pushing its price near the $19 mark. However, a potential correction looms as technical indicators suggest a bearish reversal. The TD Sequential indicator, a widely respected tool for identifying market turning points, has flashed a sell signal on Chainlink’s three-day chart. This signal often appears at the…
November has been a significant month for cryptocurrency markets. The month had many new projects emerge as top performers. Data shared by Phoenix Group, today December 1, 2024, listed the ranking of top-performing crypto projects by MTD (Month-to-date Performance) for November 2024. The scoring system used by Phoenix Group examined many factors, including price increase…
David Marcus, the former head of Facebook’s blockchain project Libra, recently shared how political opposition led to the ambitious initiative’s downfall. In a detailed post on X, Marcus called the project’s failure “100% a political kill,” pointing to actions by government officials that effectively stopped it. ‘A Political Kill’ Libra, later rebranded as Diem, was…
Mining firm MARA Holdings, formerly Marathon Digital, announced plans to offer $700 million in 0.00% convertible senior notes due 2030 to qualified institutional buyers. The company may allow initial buyers to purchase an extra $105 million in notes within 13 days of issuance. $700M Convertible Notes Offering MARA plans to use up to $50 million…
Bitcoin’s exchange supply ratio has declined to 0.13, the lowest level since February 2018. This ratio, measuring the proportion of Bitcoin held on exchanges relative to the total circulating supply, was at 0.18 at the start of 2022 and 0.158 at the beginning of this year. Bitcoin Exchange supply ratio (Source: CryptoQuant) A decreasing exchange…
TL:DR; XRP continues to make the headlines, with another notable surge that pushed its price beyond $2.7 for the first time in almost seven years. On-chain data has attributed this mindblowing monthly rally to whales accumulating the asset, mostly on Coinbase. It almost seems like a repeat now when it comes down to XRP’s price…
Digital asset investment products experienced their second-lowest weekly inflows in the past eight weeks, totaling $270 million, according to CoinShares‘ latest fund flow report. This brings the total year-to-date inflow to $37.3 billion. James Butterfill, Head of Research at CoinShares, highlighted an unusual contrast in the flows across different assets within the class. He noted…
A Solana-based memecoin themed on viral Thai zoo hippo Moo Deng surged by more than 67% after it was listed on cryptocurrency exchange Coinbase on Monday. Its market cap is now pushing back towards $500 million after a two-week lull that saw the token’s price drop from $0.67 to $0.30. It is currently trading at…
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