Mammoth $200M Bitcoin single-day inflow to exchanges mirrors key 2023 moments

Quick Take Yesterday, Oct. 11, exchanges noted an inflow of around 8,000 Bitcoins, equating to approximately $200 million, signaling a significant shift in crypto market dynamics. Most of these transactions ranged from $1M to $10M, suggesting that ‘whales’ or large-scale investors were likely active, particularly as Bitcoin’s price fell below $27,000.

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Bitcoin Could Fall as Market Braces for Spread of Israeli-Hamas War

Several analysts have weighed in on the impact of the ongoing conflict on crypto markets, particularly bitcoin.

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Solana Outshines Bitcoin? A Dive Into Last Week’s Crypto Asset Inflows

Last week marked a noteworthy surge for Solana in inflows, leading the pack in altcoin investment interests and outshining Bitcoin. Solana’s recent performance particularly placed it in the spotlight as it amassed roughly $24 million, the altcoin registered its largest inflow since March 2022, according to a recent report from Coinshares.

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XRP Price Surges To $0.54, Here’s Why

Amid crypto prices being on a tear this week, with Bitcoin crossing above $28,000 in the early hours of Monday, the XRP price has done particularly well, rising over $0.54 in the past 24 hours.  Apart from the overall market strength, some factors have contributed to XRP’s current strength, ranging from easing legal troubles to […]

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Investors Fear Volatility and Risk, Particularly With Crypto. Here’s Why They Shouldn’t.

Erik Anderson of Global X explains how volatility – something many investors are scared of – can be a very good thing in crypto.

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Binance’s Russian Exodus: Did Key Players Shift To The New Kid On The Block, CommEX?

Binance, the world’s largest crypto exchange, recently made headlines with its decision to exit the Russian market. But the aftershocks of this have led to further revelations, particularly concerning the involvement of the platform’s former employees in the new exchange, CommEX.

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Crypto Analyst Points Out How Long It Will Take For XRP Price To Hit New ATH

XRP is one of the few cryptos that has been in the spotlight for the past few months as many traders wait patiently for XRP to finally go on a massive bull run. This has been particularly evident, with XRP being one of the most traded cryptocurrencies this year, surpassing cryptos like Solana and Litecoin. […]

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81 Binance Wallets Withdraw $31 Million In LINK, What This Mean For The Altcoin

Recently, Binance, one of the world’s leading crypto exchanges, witnessed an unusual pattern of withdrawals. Particularly, 4. 7 million LINK tokens, equivalent to roughly $31. 58 million, were suddenly withdrawn over a brief period by 81 newly minted wallets.

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Nansen Warns Of Potential Phishing Attacks Following Vendor Security Incident Exposing Customer Data

Crypto analytics platform Nansen has revealed that a bad actor accessed its admin system to provision customer accounts. On Sept. 20, a security breach by one of Nansen’s third-party vendors led to compromised customer access, underscoring the ever-present digital risk, particularly in the continually evolving arena of blockchain technology and cryptocurrency.

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Crypto Concern: Former SEC Official Sounds The Death Knell For NFTs And Digital Assets

In a scathing critique of the crypto industry, former Chief of the US Securities and Exchange Commission (SEC) Office of Internet Enforcement, John Reed Stark, has raised serious concerns about the viability and promises of digital collectibles, particularly non-fungible tokens (NFTs).

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Tether invests in Northern Data Group, hinting at AI and blockchain synergy

Tether, the company behind the USDT stablecoin, has made a strategic investment in Northern Data Group, a German crypto mining firm. While the exact investment amount remains undisclosed, the move is a significant endorsement of emerging technologies, particularly in the realms of artificial intelligence (AI), peer-to-peer (P2P) communications, and data storage solutions.

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Analyst Reveals Uncomfortable Truth About Majority of Crypto Projects: They Are Created to Enrich Founders

The cryptocurrency sphere is abuzz with worries, particularly surrounding the actions of Optimism and Arbitrum in “treasury management. ” These entities are making significant, unilateral decisions, leading many to question whether the majority of crypto projects are genuinely valuable or merely schemes designed to enrich the founders.

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From Bitcoin To Crypto: Weekly Guide To Key Market Events

The Bitcoin and crypto market is holding its breath in anticipation of the week ahead, particularly due to a singular, critical event: the US Federal Reserve’s interest rate decision followed by the FOMC press conference featuring Fed Chairman Jerome Powell.

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3 Ethereum-Based Tokens That Shone in August: QUBE, LDO, UNI

The crypto market brings us exciting events and opportunities almost every day, but very few catch our attention. August has been a month of surprises and consistent growth for some ERC20 coins. While many of them ignited the spark, three best altcoins particularly stood out: QUBE, LDO, and UNI.

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Crypto’s Newest Threat: Android Devices At Risk As US And UK Intel Agencies Raise Alarm

The crypto space, long viewed as particularly vulnerable to cyber criminals due to its nascent stage, faces fresh malware threats. A recent joint report from top intelligence agencies in the United States and the United Kingdom underscores this ongoing cyber tug-of-war.

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Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars

Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.

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Shiba Memu’s AI Evolution vs. Pikamoon’s Pikaverse Expansion: Price Breakouts Ahead?

2023 has seen a plethora of new crypto projects break out, perfect for those seeking to benefit from exciting new technological developments. Two names have particularly hit the public consciousness: Pikamoon, currently undergoing an expansion and a new meme coin that’s harnessing the power of AI, Shiba Memu.

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Dropbox cancels unlimited storage due to crypto mining concerns

Dropbox is transitioning from its once-unlimited Advanced storage plan to metered offerings, driven by rising misuse, including cryptocurrency mining activities. In response to the increasing misuse of its Advanced storage policy, particularly for cryptocurrency mining, Dropbox is shifting from its…

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Top Recent Crypto News To Watch Out For This Month

The cryptocurrency market is constantly evolving, and it can be difficult to keep up with the latest news and developments. However, there are a few key pieces of news that traders and investors should be aware of particularly this period, as they could have a notable impact on the market. The SEC Charges Two Alleged […]

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WSM, SONIK, and YPRED Offer A Glimpse Into the Future of Crypto: See Why Everyone’s Investing

It’s turning out to be one hell of a year for the crypto market, with several projects appearing that have some amazing potential. Whether it’s the incorporation of AI or a particularly unique meme coin, there are so many tantalizing prospects for crypto investors.

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CoinDCX Reduces Workforce By 12% Amid Crypto Trading Slump In India

Indian crypto exchange, CoinDCX, finds itself in trouble, announcing a notable reduction in its staff by 12% this week. The decision comes after a stark decline in virtual currency trading revenues, emphasizing crypto platforms’ larger challenges, particularly in India.

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Crypto Scammers Cashing In Big Time as Fake Friend Token Pumps Over 600%

The crypto community has witnessed a surge in the popularity of certain tokens, particularly those associated with trending themes or memes. One such token that has garnered attention is related to the FRIENDTECH trend.

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Crypto Whales Remain Active Amidst Yesterday’s Dump

The recent significant price drop in the crypto markets happened yesterday and it has left an atmosphere of uncertainty and volatility. The aftermath of this event has been marked by notable activities, particularly in the Bitcoin (BTC) realm.

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Bybit Crypto Trading Competition Frontrunners Disqualifed Amid Cheating Allegations

Bybit's disqualification of the top-ranking team is particularly significant given the magnitude of the competition. Considering the estimated participation exceeds 100,000 competitors, Bybit has pushed for "fair play.

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DeFiance Capital Gains Upper Hand In Jurisdiction Battle Against 3AC: Singapore Courts To Preside

The crypto finance world has witnessed numerous disputes, but few have been similar to that of the ongoing feud between DeFiance Capital and Three Arrows Capital Limited (3AC). Particularly, this dispute underscores the intricate interplay between traditional financial frameworks and the evolving dynamics of digital assets.

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What in the World Is Going on With Crypto Regulation?

Regulatory clarity has fueled crypto bull markets, demonstrated by Japan's 2016 adoption of crypto as payment and OCC's 2020 endorsement of crypto engagement. While global strides in clear crypto regulations are evident, particularly in Hong Kong, EU and UK, the US lags, emphasizing the need for enhanced regulatory certainty in the industry's advancement.

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Bitcoin Funds Witness Largest Weekly Outflows Since March: Report

The latest weekly report from CoinShares reveals that crypto investment products, particularly Bitcoin funds, saw major outflows for the third consecutive week. As investors continue to take profit, a total of $107 million in outflows was recorded in the previous week.

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Major Week Ahead For Bitcoin And Crypto: 3 Must-Watch Events

For the Bitcoin and crypto market, the upcoming week promises to be a pivotal one. While the US Consumer Price Index (CPI), Jobless Claims, Producer Price Index (PPI) and Michigan Consumer Sentiment are all on the horizon, three events stand out as particularly: the July release of the CPI and PPI data, as well as […]

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These Are The 4 Crypto Tokens That Are Set to Revolutionize The Market After Exchange Listings

There is no end to the number of great tokens out there, but let’s be real – not all of them are particularly revolutionary. Most just use the same concepts that other tokens have. However, a small number changes the game up quite a lot, bringing in exciting new ideas.

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XRP Army Happy With Elon Musk's New Tweet, Here's Why

Elon Musk has attracted many major crypto accounts with his new tweet, XRP army particularly happy with message of tech tycoon

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New US Senate Military Bill Comes With A Crypto Provision, But Is It Good

The US Senate recently passed a $886 billion Military Spending Bill which includes some provisions around the cryptocurrency industry. The 2024 National Defense Authorization Act (NDAA), which approved the defense amount to be spent in 2024, included provisions that seek to address crypto as a particularly vulnerable sector for illegal activities and financing terrorists. New […]

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Solana and Chainlink Are on the Rise, Yet Borroe Offers Better Long-term Prospects

Solana (SOL) and Chainlink (LINK) have been particularly successful during the first half of July. However, many crypto investors choose to diversify their portfolios with rewarding hidden gems like Borroe ($ROE).

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Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg

The crypto exchange is still faced with significant regulatory challenges, the report said.

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Elon Musk Fires Another Tweet – But Did It Lift Dogecoin Price?

Elon Musk has consistently proven to be a pivotal figure in cryptocurrencies, particularly Dogecoin (DOGE), his crypto of choice. His influence on DOGE has been nothing short of remarkable, with any mention or action from him causing significant fluctuations in its price.

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XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board

In a long-awaited decision, Judge Torres ruled in favor of XRP in their case against the U. S. Securities and Exchange Commission (SEC) yesterday. The verdict is a positive development for the cryptocurrency industry, particularly with a focus on whether digital assets should be deemed securities in the US.

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Phishing Attacks Surge In Philippines As Crypto Adoption Gains Traction: Kaspersky

Phishing attacks have emerged as a formidable threat in the digital landscape, particularly with the rapid surge in cryptocurrency adoption. As the world becomes increasingly reliant on digital assets, cybercriminals are seizing the opportunity to exploit vulnerabilities within the system.

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The SEC’s arguments against Coinbase are ‘not particularly strong,’ law expert says

The U. S. Securities and Exchange Commission (SEC) provided a preview of the arguments it plans to use against Coinbase in a letter to the judge on July 7. However, the SEC’s case against Coinbase does not inspire much confidence, crypto lawyer James Murphy tweeted on July 9.

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Buterin criticizes US crypto policy’s detrimental impact on projects like Solana

Ethereum (ETH) creator Vitalik Buterin has expressed concern about the US approach to crypto regulation, particularly the impact on projects like Solana. In a tweet, Buterin expressed sympathy for the affected projects and stated that if Ethereum were to prevail…

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Solana Makes A Comeback: 15% Rally Signals Renewed Momentum

Solana (SOL) has staged an impressive comeback, igniting renewed momentum in the crypto space with a decent 15% rally. The blockchain platform has been making significant strides as of late, particularly in the realm of non-fungible tokens (NFTs).

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Crypto investors see value proposition in Chancer’s P2P betting solution

Chancer presale has seen investors buy over 38 million tokens in a few days. The excitement about this project stems from its value proposition, particularly in disrupting the online betting industry.

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Golteum (GLTM) Outshines Dogecoin (DOGE) and Shiba Inu (SHIB) in Navigating Market Challenges

The cryptocurrency market has been experiencing increased scrutiny and regulatory challenges, particularly with the recent actions of the Securities and Exchange Commission (SEC). As the SEC tightens its grip on the crypto industry, investors are seeking alternative digital assets that can provide a solid hedge against market volatility.

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Binance Key Executive Sees UAE As Major Operational Hub For Web3

Binance is looking to make the UAE its key operational hub to drive mainstream Web3 adoption, particularly in the Middle East. With crypto-friendly regulations, world-class infrastructure, and a forward-thinking government, the UAE ticks all the boxes for crypto businesses.

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Strategic Crypto Whale Moves $16M USDC to Binance, Following a $65.4M Ethereum Dump

A recent series of transactions by a particularly savvy investor, colloquially known as a ‘crypto whale’, has caught the attention of the market. Just a few hours ago, this astute player made a substantial deposit of 16 million USDC (USD Coin) into Binance, one of the world’s leading cryptocurrency exchanges.

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The Biden Administration Shows no Signs of Easing up on Crypto Despite Bitcoin’s Resurgence

Bitcoin has been enjoying a resurgence in recent weeks, with shares pushing higher amid a flurry of U. S. applications to start ETFs investing in the tokens. This resurgence has sparked renewed interest in the cryptocurrency market, particularly among traditional finance institutions.

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Short-term holders react swiftly to SEC lawsuits, sending Bitcoin deposits soaring on exchanges

The SEC’s lawsuits against Binance and Coinbase have had a notable impact on the crypto market, affecting the behavior of all market participants, particularly short-term holders. Short-term holders (STHs) are addresses that have held onto their coins for less than 155 days.

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Fire Gary Gensler: Lawmaker Takes Stand Against SEC Chairman’s Crypto Agenda

Lawmakers in the United States are taking a stand against the recent crackdown on the crypto industry by the Securities and Exchange Commission (SEC). Congressman Warren Davidson has been particularly vocal in his criticism of SEC Chairman Gary Gensler and has called for his removal.

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What Next for Cardano After SEC Lawsuit? $WSM & $YPRED Tokens Pump Despite Market Dip

The crypto landscape has been turbulent in recent days, particularly due to the U. S. Securities and Exchange Commission’s (SEC) allegations against certain major cryptos.   Cardano (ADA) is among those heavily hit by the SEC’s lawsuit, causing its value to drop over 25% in the past week.

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Crypto Scams Will Only Get Worse With AI, Cardano’s Charles Hoskinson Warns

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US Senator Elizabeth Warren Says Chinese Drug Lords Love Crypto

Cryptocurrency, offering pseudonymity and instant global transfers, is driving the global fentanyl trade, with organized crime groups, particularly from China, exploiting its benefits. Legislation may be the answer to disrupt this dangerous financial channel.

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