Bitcoin’s recent price action has shifted the liquidity landscape. During the decline below $60K, a significant amount of downside liquidity was absorbed as stop-loss orders and leveraged positions were cleared from the market. With the February low now swept, much of the immediate selling pressure beneath current prices has been
Ethereum developers are now in the final development phase of the Glamsterdam upgrade, which they plan to launch later this year. The development teams are now testing the Ethereum system on dedicated development networks while incorporating all the proposed Ethereum improvement proposals in a comprehensive testing environment. This is the
Kalshi’s recent move into perpetual futures is making waves across the derivatives market. In just two weeks, the prediction market platform’s recently introduced perpetual contracts produced over $5.5 billion in trading volume. It demonstrates the robust demand for regulated derivatives connected to cryptocurrencies in the US. For the business, which
Sam Bankman-Fried, the former CEO of FTX, has pursued legal avenues to challenge his conviction, even as he serves his 25-year federal prison sentence. In a new profile, he has discussed his experiences in prison as well as his efforts to reduce or overturn the sentence imposed on him. As
SPX6900 (SPX) was listed on South Korea’s Upbit and the second-largest exchange, Bithumb. It is currently trading at around $0.3853, after a surge of over 12.8%. If the current momentum sustains, the asset could likely break the higher crucial ranges. Besides, the asset’s market cap is stationed at $356.08 million,
The release version 3.2.0 of XRP Ledger is out now, marking a significant improvement to the underlying blockchain infrastructure. This time, developers have renamed the software used for operating the network from “rippled” to “xrpld.” As explained by the creators, it is more relevant for the software to have a
The recent outage at Anthropic’s Claude has sparked debates about the dependability of AI systems based on the centralized approach. The downtime made it impossible for users to use the software and revealed the high degree of dependence that many businesses have on specific AI software. After the incident, Grayscale
The Crypto Fear and Greed Index value is settled at 25, suggesting fear sentiment in the market. Among the digital assets, Stellar (XLM) secures a spot among the trending coins with a 16.28% gain in value. According to CoinMarketCap data, it currently trades within the $0.2212 zone. In addition, Stellar’s
BitMEX co-founder Arthur Hayes has been indulging in Ethereum accumulation, drawing the attention of institutional investors. According to Lookonchain, a wallet linked to Hayes received 3,000 ETH worth around $5.4 million from market maker Flowdesk. This transaction was seen to have occurred after optimistic geopolitical developments. Also, this move has
According to reports, the U.S. government has sent an additional $350,000 in cryptocurrency. This had been initially stolen from Alameda Research and other FTX-related accounts on the Binance platform, close to three years after the collapse of the cryptocurrency kingdom. This money will definitely help in paying off creditors due
