Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
BitMEx
Former BitMEX CEO Arthur Hayes Backs Memecoin PEPE With $250,000 Bet
Arthur Hayes, co-founder and former CEO of the cryptocurrency trading platform BitMEX, has recently made headlines with significant investments in the memecoin sector, particularly through his notable purchase of Pepe (PEPE). Hayes’ optimism towards memecoins, expressed in a recent social media post on X (formerly Twitter), has coincided with a significant surge in PEPE’s value, reflecting a broader resurgence in interest within the crypto market. PEPE Price Soars Following Hayes’ Investment On-chain analytics platform Lookonchain revealed that Hayes invested $250,000…
8 months ago
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BitMExPendle Foundation, BitMEX Co-Founder Moving PENDLE To Binance—What’s Going On?
PENDLE, the native token of Pendle, a real-world asset (RWA) tokenization platform, may be steady at press time. However, looking at CoinMarketCap data, the token is up 130X from its November 2022 lows and 41% from all-time highs registered in 2024. Whales Sending Tokens To Binance As prices cool off, there are emerging concerns. According to trackers, the Pendle Foundation, tasked with promoting the RWA platform, has been offloading tokens. At the same time, Arthur Hayes, the co-founder of BitMEX,…
8 months ago
Just In: BitMEX Launched The Most Volatile U.S. Election memecoins on BitMEX Spot.
The post Just In: BitMEX Launched The Most Volatile U.S. Election memecoins on BitMEX Spot. appeared first on Coinpedia Fintech News The BitMEX cryptocurrency exchange has officially started the sales and purchase of 2 of the most hyped PolitiFi memecoins ahead of the U.S. Presidential election. Reportedly, the tokens are MAGA memecoin ($TRUMP) and Kamalahorris ($KAMA). Notably, the TRUMP token is currently listed with a trading price of $2.61, a circulating supply of 43.99 Million TRUMP tokens, and has a…
10 months ago
Ethereum Price Tied To BitMEX Whales: Quant Uncovers Link
A quant has pointed out how the trends in the BitMEX exchange reserve have affected the Ethereum price during the past few years. BitMEX Ethereum Whales Have Shown Smart Money Behavior In Recent Years In a CryptoQuant Quicktake post, an analyst discussed a pattern in the ETH exchange reserve of the BitMEX platform. The “exchange reserve” here refers to an on-chain metric that keeps track of the total amount of Ethereum that’s sitting in the wallets of any given centralized…
12 months ago
BitMEX Co-Founder Arthur Hayes Embraces Volatile Sideways Market, Ups Holdings in Dogecoin (DOGE) and PENDLE
Arthur Hayes, the former CEO of BitMEX, announced investments in PENDLE and DOGE. Hayes predicted a Dogecoin ETF launch before the current market cycle ends, highlighting its cultural and financial significance. Arthur Hayes, former CEO of BitMEX and prominent cryptocurrency investor, announced via Twitter his recent investments in $PENDLE and $DOGE. Hayes expressed enthusiasm for the current “choppy sideways to down” price action in the cryptocurrency market, seeing it as an opportunity to bolster his portfolio. I'm loving this choppy…
12 months ago
BitMEX Co-founder Backs Meme Coins: A Boon For Dogecoin, Shiba Inu, PEPE?
Meme coins, the once-dismissed “joke” tokens, are rapidly solidifying their position in the multi-trillion-dollar scene. According to CoinMarketCap, meme coins now command a cumulative market cap of over $45 billion. Interestingly, they are on an upward trajectory as thousands of meme coins are minted predominantly on top platforms like Solana, Ethereum, and Base. Analysts and investors are taking notice as meme coins like BOME, PEPE, and Dogecoin boom. Most predict this subset of crypto will expand and become a core…
12 months ago
BitMEX Founder Predicts The Dawn Of ‘Crypto Valhalla’: When Will It Start?
In his latest essay titled “The Easy Button,” Arthur Hayes, founder of the crypto exchange BitMEX, delves into the dynamics of global monetary policies and their consequential ties to what he describes as the impending ‘Crypto Valhalla.’ Hayes analyzes the policy maneuvers of the world’s major economies, notably Japan, the United States, and China, and their effects on the crypto landscape. The Dawn Of Crypto Valhalla Hayes outlines the Federal Reserve’s potential strategy in coordination with the US Treasury to…
1 year ago
BitMEX Founder Arthur Hayes Sees Bitcoin’s Price Slump as Market Cleansing
Experts now suggest that bitcoin may have reached a local bottom and will gradually recover over the coming months. BitMEX founder Arthur Hayes, for one, noted that the leading cryptocurrency might see a surge in value if, as he predicts, liquidity increases in the economy next week due to Janet Yellen’s policies. Bitcoin May Have Hit a Local Bottom In his latest blog post, Hayes said bitcoin’s latest slump has “played out” as he anticipated, attributing it to various factors…
1 year ago
CFTC Commissioner to Join SEC as General Counsel
The United States government is trying to set an excellent regulatory policy for crypto. The Securities and Exchange Commission (SEC) will play a significant part in that effort. Now, the agency is getting some help in its endeavors. This week, the SEC confirmed hiring Dan Berkovitz as its general counsel. Berkovitz is currently a commissioner at the Commodity Futures Trading Commission (CFTC). He has held that position since 2018, so he has solid experience. Interestingly, Berkovitz's tenure at the CFTC lasts until…
4 years ago