Author: coinadrenaline
Bitcoin has tumbled closer to the psychologically important $100,000 price level, dashing traders’ hopes of a new all-time high after Israel launched a series of airstrikes on Iran.Explosions reportedly rocked Iran’s capital of Tehran at 22:50 UTC on Thursday before Israel claimed responsibility for the attacks, which saw Bitcoin (BTC) drop 2.8% from $106,042 to $103,053 within 90 minutes before slightly recovering to $104,370 at the time of publication, according to CoinMarketCap.Bitcoin downtrend caught optimistic traders off guardThe drop caught traders offside, with approximately $427.84 million in long positions liquidated over the past 24 hours, according to CoinGlass data. Just…
Since 2019, we have supported UNICEF’s CryptoFund with recurring contributions, and we are excited about our most recent donation too. Today, I would like to share the story of our journey together, to recognize some of the achievements of our partnership, and to speak a bit more about what’s next. Why and how we started In a previous blog post, I explained how emerging economies represent a huge opportunity for Ethereum, and talked about the importance of asking ourselves “who would most benefit from Ethereum?” People living in emerging economies represent billions of next-generation users and developers of Ethereum. The…
Token supply spikes led to price drops across all five projects despite varying market cap changes MORPHO showed resilience, with minimal price loss and strong demand relative to its supply growth Emissions outpaced demand, reinforcing a pattern of post-unlock underperformance in token prices A 30-day supply analysis by Tokenomist (formerly TokenUnlocks) shows that major increases in token circulation continue to weigh on market performance. The report, covering five crypto projects, TAIKO, PYTH, MORPHO, NYAN, and SPEC, shows that higher float has not translated into stronger demand. All tokens listed recorded negative price returns, even in cases where market capitalization rose.…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s blistering second-quarter advance is tracking the strongest expansion in global liquidity on record, according to Real Vision chief crypto analyst Jamie Coutts, who argues that every additional percentage point of liquidity injected into the financial system “should” translate into a 20% gain for the cryptocurrency.…
The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors. Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion. Bitcoin (BTC) declined around 5%, trading at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, while Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) also lost ground, down 6% and 4% respectively. Data from CoinGlass shows that crypto liquidations surged 125% in a single day,…
Shares in sports betting platform Sharplink Gaming tumbled 73% in after-hours trading on Thursday after filing to register a large volume of shares for potential resale as the firm is soon to bet big on Ether.However, Sharplink Gaming chairman Joseph Lubin, who is also CEO of blockchain software firm Consensys, said that market watchers had misinterpreted the filing. Lubin says he and Consensys not sold sharesLubin said in a post on Wednesday that “some are misinterpreting” Sharplink’s Form S-3 filing with the Securities and Exchange Commission that registers the potential resale of nearly 58.7 million common shares.Lubin reiterated that it is…
Today, The Blockchain Group (ALTBG), listed on Euronext Growth Paris and recognized as Europe’s first Bitcoin Treasury Company, announced it has raised around €9.7 million through a mix of equity and convertible bond issuances. This move is part of their continued push to build out their Bitcoin Treasury Company strategy. The funding comes from multiple sources and was carried out through their wholly-owned Luxembourg subsidiary, “The Blockchain Group Luxembourg SA.” A major portion, about €6 million, was raised through a convertible bond issuance to TOBAM, with bonds priced at €6.24 per share. That price reflects a 30 percent premium over…
The world’s largest crypto exchange platform by trading volume is abruptly adding support for one decentralized finance (DeFi) application (DApp), causing its native token to skyrocket. In a new announcement, Binance says it is adding support for DeFi App (HOME), a DApp that aims to simplify decentralized trading as well as make it more accessible. After the addition, HOME skyrocketed, going from a low of $0.0201 on June 10th to a peak of $0.038 just two days later. The token has since retraced and is trading for $0.033 at time of writing, a gain of 10.3% during the last 24…
Bitgo has expanded XRP-related DeFi access by adding custody support for Flare and Songbird. The move enables institutions to securely store assets connected to the XRP ecosystem, with staking support planned. Bitgo Lights up Flare Support— XRP Institutions Get DeFi Infrastructure Digital asset infrastructure and custodian provider Bitgo announced on June 12 the addition of […]
Ethereum’s transition to proof of stake — The Merge — is near: devnets are being stood up, specifications are being finalized and community outreach has begun in earnest. The Merge is designed to have minimal impact on how Ethereum operates for end users, smart contracts and dapps. That said, there are some minor changes worth highlighting. Before we dive into them, here are a few links to provide context about the overall Merge architecture: The rest of this post will assume the reader is familiar with the above. For those wanting to dig even deeper, the full specifications for The…