In a recent revelation by CoinShares, Cardano (ADA) has emerged as a frontrunner on the cryptocurrency market, witnessing a staggering 500% surge in fund flows within the past week. The weekly report on fund flows in cryptocurrency-focused investment products revealed that investments tied to Cardano reached a remarkable $1 million mark, marking a significant shift in investor […]
Category Archives: Coins
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According to analytics platform Lookonchain, a whale withdrew roughly $53 million worth of Bitcoin from Binance over the past five hours. The whale in question sold roughly $302 million worth of Bitcoin over the period from March 15 to March 15. Smart money accumulating Bitcoin? Some social media users started speculating about the possibility of large […]
During a recent interview on CNBC, Bitcoin bull Tom Lee opined that the markets were in a good position to rally. Lee has pointed to the fact that the median short interest in stocks has surged to the highest level in three years. “Now we just need a positive catalyst. I think as long as inflation […]
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According to cryptocurrency analytics firm Arkham, the German government is currently inching closer to liquidating its entire Bitcoin fortune. Earlier today, it sent roughly $286 million worth of Bitcoin to various exchanges, including Kraken and Coinbase. Now, the German state of Saxony has only one-tenth of the Bitcoins that were originally confiscated from one of the operators […]
A recent report by data analytics firm IntoTheBlock has spotlighted a concerning trend in the Cardano (ADA) ecosystem: a significant portion of ADA holders find themselves in the red. The analysis delves into the profitability of holders across various layer-1 networks, revealing stark disparities. Related Bitcoin emerges as the undisputed leader, boasting a high percentage of holders […]
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A well-known figure in the crypto industry, Justin Sun, founder of TRON (TRX) and chief adviser to Huobi, opened up in an unusual post on social networks. In particular, he responded to rumors regarding his Bitcoin investments. Sun expressed confidence in Bitcoin’s future but clarified that he did not take a long position at the $69,000 […]
Charles Hoskinson, the crypto billionaire who helped to found Ethereum and then created IOG and the Cardano blockchain, has taken to the X/Twitter social media platform to get an important message across to his followers. Hoskinson reminded the crypto community about the main goal of cryptocurrency: “Crypto doesn’t want to set the world on fire, […]
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Peter Brandt, recognised by many as a trading legend, has issued a crucial advisory regarding leveraged and inverse exchange-traded funds, or ETFs for short. Long story short, the trader expressed a strong aversion to these financial instruments, likening them to gambling. Why? He emphasizes that these ETFs represent bets on volatility rather than price direction, […]
Check out the top three news stories over the past day presented to you by U.Today. Binance to delist six trading pairs According to Binance’s recent announcement from April 24, it will remove and cease trading on six spot trading pairs. The delisting decision follows the exchange’s periodic review of all listed spot trading pairs; based […]