JPMorgan Chase & Co. has lowered its price targets for several bitcoin mining companies, citing declining bitcoin prices and increased network hashrate as primary factors. The investment bank’s report, released on Friday, also highlighted potential opportunities for certain miners despite the overall bearish outlook. The analysts at JPMorgan, Reginald L. […]
Bitcoin’s recent price action has defied expectations, leading to uncertainty among market analysts and traders. Cheeky Crypto, a self-proclaimed crypto analyst, has highlighted the unpredictable nature of Bitcoin’s market dynamics and expressed doubts about its future trajectory. One of the key factors contributing to Bitcoin’s unpredictability is the market’s liquidity. […]
Cardano (ADA) has been gaining bullish momentum, with the potential for a significant price increase. A bullish falling wedge pattern has formed on the token’s daily chart, suggesting a possible 100% rally if a breakout occurs. On-Chain Analysis Supports Bullish Outlook Several on-chain indicators support a bullish outlook for Cardano. […]
Bitcoin (BTC) experienced a sudden market correction on [Date], erasing $120 million in open interest as the market recovered from a week-long sideways movement. The sharp decline, which saw the price drop from approximately $62,000 to just around $59,900, exposed the vulnerability of over-leveraged long positions. According to data from […]
The cryptocurrency industry has emerged as a dominant player in U.S. politics. A new report by watchdog group Public Citizen reveals that crypto companies, executives, and investors have collectively spent an unprecedented $119 million to influence the 2024 U.S. congressional elections. This surge in spending underscores the growing political clout […]
A new report by the National Crime Agency (NCA) has revealed a staggering scale of cryptocurrency-related crime in the United Kingdom. The agency estimates that up to $5.1 billion in illicit crypto transactions are linked to the UK annually. According to the report, international criminal networks are leveraging cryptocurrencies to […]
Polygon (MATIC) has been a bright spot in a largely sideways market, defying the trend with an impressive 20% gain since last Friday. This bullish run comes as Polygon prepares for a significant update: the rebranding of its native token from MATIC to POL, effective September 4th. The 1:1 token […]
Chronicle, a decentralized oracle network, has integrated its real-world asset (RWA) oracle with M^0, an Ethereum-based stablecoin minting protocol. This partnership aims to enhance the security and transparency of M^0’s collateral verification processes. Oracles play a crucial role in connecting blockchains to the real world, allowing smart contracts to execute […]
BlackRock’s iShares Ethereum Trust (ETHA), the first spot ether exchange-traded fund (ETF) to launch in the United States, has surpassed the $1 billion mark in net inflows. This milestone makes ETHA the top-performing ether ETF in terms of net inflows, outpacing its rivals by a significant margin. According to SoSoValue […]
BSX Exchange, a decentralized derivatives trading protocol built on the Ethereum Layer 2 network Base, has raised $6.2 million in pre-seed and seed funding rounds. The latest seed round, worth $4 million, was led by Blockchain Capital, BSX announced on Wednesday. The pre-seed round, which raised $2.2 million a year […]
