Cryptoquant researchers warn bitcoin is teetering between historically undervalued levels and possibly the precipice of a prolonged bear market, with critical onchain metrics signaling heightened downside risks. Valuation Metrics Hit Cycle Lows: Is Bitcoin Primed for a Crash or a Rebound? Cryptoquant’s latest institutional insights report reveals bitcoin is navigating its most bearish phase of…
CoinEx, a global cryptocurrency platform, announced that it will be sponsoring the upcoming National Chess Federation of the Philippines (NCFP) Chess Championships, a national-level tournament. In addition to sponsoring the event, CoinEx also shared its partnership with Anichess, a free-to-play online chess game that adds a unique strategic twist by incorporating spells. CoinEx Sponsors NCFP…
On Tuesday, March 11, bitcoin ETFs experienced net outflows of $371 million, marking a full week of consecutive withdrawals. Ether ETFs also faced challenges, with $22 million in net outflows, extending their streak to five days. Market Caution Prevails With Bitcoin and Ether ETFs Seeing Continued Withdrawals Investors continued to reassess their positions in bitcoin…
Strategy announced that the company is planning to raise up to $21 billion through the sale of preferred stock. This is part of the company’s long-term plan to buy more bitcoin (BTC) and improve its position as the world’s largest corporate holder of the scarce digital asset. Strategy’s plan is to issue 8% Series A…
While Binance remains the most prominent exchange for token listings, a study by CryptoNinjas and Storible revealed that 98% of tokens listed on the exchange eventually dump, despite experiencing a strong initial price surge. The study found out that tokens listed on the largest crypto exchange by trading volume pump by 87% on average upon listing….
Japanese hotel developer and bitcoin treasury firm Metaplanet is borrowing ¥2 billion or roughly $13.5 million to buy more bitcoin (BTC). The company posted the announcement via its X account on Tuesday evening. Metaplanet currently owns 2,888 BTC and recently implemented a strategy that will see it purchase 21,000 bitcoin by 2026. The firm also…
After an auditing process for 2024, Tether Holdings Limited, the company behind the U.S. dollar-pegged stablecoin $USDT, reported a yearly net profit exceeding $13 billion and achieved all-time high records in the fourth quarter, according to the global independent accounting firm BDO. What’s the Significance? According to Tether, the audit findings reaffirm the accuracy of…
Sol Strategies has signed a definitive agreement to acquire three Solana validators, including the prominent Laine validator, and the analytics site Stakewiz.com. This move significantly boosts its staked SOL to 3.3 million and enhances its institutional staking services on the Solana blockchain. Sol Strategies Strengthens Solana Presence with Acquisition of Laine Validator and Stakewiz.com Canadian…
Shortly after former Philippine President Rodrigo Duterte was arrested based on an International Criminal Court (ICC) warrant, crypto enthusiasts swiftly launched Duterte-themed memecoins on the Solana-based Pump.fun platform. Despite the high-profile news, however, these memecoins have failed to attract significant investor attention or trading activity. Quick Take delivers key facts fast—concise, clear, and easy to read….
California has shut down 42 fraudulent crypto websites, exposing a $6.5 million scam that drained victims of an average $146,306 each. 42 Fraud Sites Dismantled—How Scammers Built Fake Crypto Worlds to Steal Millions California Attorney General Rob Bonta announced on March 10 that the state had taken decisive action against fraudulent cryptocurrency schemes by shutting…
