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Report: Ethereum and Solana Showcase Unique Market Dynamics in Recent Altcoin Trends

January 24, 2024

In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this phenomenon. Altcoin Dynamics Altered: Ethereum and Solana Lead Post-ETF Era In the latest edition of Glassnode’s “The Week…

Blackrock and Fidelity ETFs Lead the Charge in Bitcoin Accumulation, Holding Over $2.6 Billion in Combined BTC Assets

January 23, 2024

Recent data reveals that Blackrock, the globe’s leading asset manager boasting over nine trillion in assets under management (AUM), now possesses 33,430.56 bitcoin, valued at approximately $1.34 billion. Similarly, the financial powerhouse Fidelity has increased its…

Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide

January 23, 2024

On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks. Bears Take the Reigns—Bitcoin…

Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC's Expanded Security Definition

January 23, 2024

Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling their value, an element the SEC considers part of what makes some tokens securities. Coinbase CLO Argues Pokémon Collectibles…

L2 Protocol Manta Network Suffers DDoS Attack, Project Leaders Face Money Laundering Allegations

January 22, 2024

Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed to have severely limited…

CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex

January 22, 2024

The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective…

Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Favorable on Bitcoin, Ripple's XRP Ousted, and More

January 22, 2024

Grayscale stirred speculation by transferring 4,000 bitcoins, while Blackrock CEO Larry Fink endorsed bitcoin as “digital gold,” surpassing government influence. In regulatory news, Ripple’s XRP was removed from Hong Kong Virtual Asset Consortium’s top crypto index. Meanwhile, Elon Musk reaffirmed his commitment to Dogecoin, along with revealing that his company Spacex holds a substantial…

9 Freshly Launched Spot Bitcoin ETFs Gather Over 81,000 BTC, Valued at $3.39 Billion

January 22, 2024

Since Jan. 12, 2024, Grayscale’s newly transitioned spot bitcoin exchange-traded fund (ETF), GBTC, experienced a withdrawal of 50,106.59 bitcoin. Meanwhile, the nine newly launched spot bitcoin ETFs have collectively accumulated 81,366 bitcoin, valued at approximately…

Morgan Stanley Sounds Alarm on US Dollar's Dominance — Says Crypto Could Significantly Alter Currency Landscape

January 22, 2024

Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear…

Crypto Snipers Strike Gold as Traders Earn Millions in SAVM Token Launch Frenzy

January 22, 2024

Based on the recent report from Arkham Intelligence, the launch of the satoshivm (SAVM) token two days ago saw three adept crypto traders, often referred to as ‘snipers,’ each earning a profit of $1 million. Arkham’s findings revealed that the most proficient of these sniping addresses achieved a staggering gain of over a million dollars, accomplishing this feat in under 40 minutes. Lone…