“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju.
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Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections.
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The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.
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The cryptocurrency market has observed a remarkable fourth consecutive week of inflows, accumulating $185 million in the final week of May alone, culminating in a monthly total of $2 billion. This surge has elevated the year-to-date investment in digital assets to surpass $15 billion. The U.S. has played a pivotal role in this influx, contributing $130 million last week, despite simultaneous outflows from incumbent issuers totaling $260 million. Bitcoin has notably led these inflows, attracting $148 million and indicating a strong bullish sentiment.
Ether has also seen a resurgence in investor interest, with weekly inflows of $33.5 million, influenced by the U.S. approval of Ether ETFs, a move reversing previous negative trends. Additionally, Solana’s SOL recorded positive flows, ending May with $24.8 million in total investments. Despite some setbacks in multi-asset funds, which experienced $2.7 million in weekly outflows, the substantial inflows into major cryptocurrencies underscore a growing investor confidence and a promising outlook for the crypto market.
Sergey Nazarov explained how Chainlink could remedy centralized points of failure inherent in centralized information processing systems.
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Binance will ease European users’ transition from unauthorized to regulated stablecoins with a “sell-only” strategy.
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Bitcoin flirted with $70,200 on June 3, but traders fear excessive leverage might be a double-edged sword.
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Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:
General election season is well underway, and crypto companies are opening their checkbooks. A sign the bull market is truly upon us afterall, perhaps?
A $1.6 trillion asset manager came out swinging in the ether ETF fee war, but a competitor could be positioned to one-up them.
109
As promised, President Joe Biden on Friday vetoed H.J.Res. 109 — a pro-crypto bill that attempted to overturn the SEC’s Staff Accounting Bulletin (SAB) 121. The veto comes after a rare show of bipartisan support and cross-chamber cooperation required…
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Weekly inflows into crypto funds totaled $185 million for the last week in May, with monthly investment fund inflows reaching $2 billion.
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Whale activity in the cryptocurrency market is often a precursor to significant price movements. Recently, Toncoin (TON), the native token of The Open Network (TON), has witnessed a remarkable 237.5% increase in large transactions exceeding $100,000. This spike, observed over the last 24 hours, suggests that influential market players are realigning their investments, possibly in anticipation of a major market shift.
Crypto analyst Ali highlights the strategic nature of these movements, indicating that whales could be positioning for an upcoming price trend. “The substantial rise in large-scale Toncoin transactions underscores a strategic shift among significant holders, reflecting their readiness for potential market changes,” said Ali.
As TON’s price climbs by 2.42% to $6.63, making it the 10th largest cryptocurrency with a market valuation of $15.97 billion, the increase in whale activity could hint at a bullish future. Observers and participants await to see if this uptrend continues, signaling a robust period for Toncoin and possibly the broader crypto market.