WazirX Offers 85% of Stolen User Funds as Rebalancing Ends
Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
Ether Has Underperformed, But Total Value Locked on Ethereum is Rising: Citi
Ether has dropped over 20% this year, but fundamentals are improving, the report said.
Bitcoin Whales Continuously Selling, But This Cohort Is Buying
On-chain data shows the Bitcoin whales have been distributing for a while, but this investor cohort has been scooping up their coins. Bitcoin Sharks Have Increased Their Supply Dominance Recently In a new post on X, analyst James Van Straten has discussed about how the Supply Dominance of the various Bitcoin cohorts has recently changed. […]
Hedge Funds Are Short Ether CME Futures Like Never Before. Is It Carry Trade or Outright Bearish Bets?
The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.
Analysts Give XRP, Dogecoin, Litecoin ETFs ‘High Odds’ of Approval
There’s a 90% chance Litecoin ETFs are approved, followed by 75% odds for a dogecoin ETF.
Grayscale ETF Application Helps Cardano’s ADA Outshine Bitcoin and Ether
The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF
South Korea Must Approve Crypto ETFs ‘Sooner Than Later’ – Korea Exchange Chief
Korea Exchange chairman Jeong Eun-bo recently pushed for the country’s approval of crypto exchange-traded funds (ETFs). Amid the country’s stock market crisis, he urged revamping South Korea’s financial industry to strengthen the market and compete with other nations. Related Reading: $2 Billion Gone: Trump Meme Coin Leaves Investors Scratching Their Heads South Korea ‘Needs’ Crypto […]
South Korean Lawmaker Cleared in High-Profile Crypto Scandal
A South Korean lawmaker, Kim Nam-kuk, was recently cleared of allegations that he “concealed” cryptocurrency assets. The case centered on whether South Korea’s laws at the time of the alleged concealment required him to declare his holdings. According to latest report from South Korean local news media Chosen Biz, Judge Jeong Woo-Yong of the Southern […]
Bitcoin Difficulty Jumps 5.6% To Set New Record: What’s The Cause?
On-chain data shows Bitcoin just got harder to mine as the network Difficulty has witnessed an increase during the latest adjustment. Bitcoin Difficulty Has Just Set A New All-Time High According to data from CoinWarz, the Bitcoin Difficulty has gone up in the most recent adjustment. The “Difficulty” here refers to a feature on the […]
Bitcoin And Politics Merge: Florida Moves Toward State Crypto Investment
The American state of Florida could be one of the pioneering local governments that allows a percentage of its state funds for cryptocurrency investments, particularly Bitcoin. Florida Senator Joe Gruters has filed a bill that would permit the US state to use 10% of its funds to buy Bitcoin. This political backing could entice other […]