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Strategic shifts in investment portfolios can signal significant market movements. Recently, a notable whale, or large-scale investor, made headlines by completely exiting their position in Cardano (ADA) amidst an 80% drop from its all-time high (ATH). This whale has redirected their substantial capital into Retik Finance (RETIK), a burgeoning decentralized finance (DeFi) platform, sparking a rally as centralized exchange (CEX) listings boost the token's profile.  Here’s a closer look at the factors behind this dramatic investment shift and the subsequent…

The post Bybit’s Ben Zhou Shuts Down Insolvency Speculation With $11B Proof of Reserves appeared first on Coinpedia Fintech News Ben Zhou, the CEO of the cryptocurrency exchange Bybit, has now effectively dispelled negative rumours of the exchange’s liquidity issues or an alleged hack. The speculation that began on May 22 was especially actuated by false proof-of-reserves data relayed by Arkham Intelligence.  Similar to recent events involving FTX, Bybit faced scrutiny amid fears of fund withdrawals and doubts about its…

With the Nvidia earnings report smashing expectations as per usual, it might have been expected that crypto AI tokens surge on the news. None of it. Despite some positive price action going into the news announcement, crypto AI tokens generally experienced a drop in price. Nvidia earnings surpass expectations Nvidia is the darling of US stocks. One of the ‘magnificent 7’, $NVDA has been responsible for around 11% of the entire S&P 500 performance over the past year. Its eagerly…

Both Bitcoin (BTC) and Ethereum appear to currently be the center of attention in the crypto market so far, with Bitcoin recently hitting just above a 24-hour high of $71,650 mark, marking a 6.4% increase in the past 24 hours and nearly 20% over the past week. A prominent Crypto Analyst who has since been tracking Bitcoin’s movements has recently revealed insights into the asset’s latest trends, signaling a notable move ahead for BTC. Bitcoin’s Path Analyzed: What’s Coming? Crypto…

Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading. While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics. Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC across…

The post Xlink Shuts Down After $10 Million Hack on Ethereum and BNB Endpoints appeared first on Coinpedia Fintech News Xlink, a Bitcoin blockchain bridge, shut down on May 15 after suffering a $10 million hack. The security breach involved its Ethereum and BNB Smart Chain (BSC) endpoints. Xlink quickly reacted to the attack by temporarily suspending its operations. The attacker exploited compromised private keys via a phishing scheme and withdrew $4.3 million without authorization. However, a white hat soon…

The post Bulls Back Down as Long Liquidations and Deposit Spikes Signal Trouble Ahead! appeared first on Coinpedia Fintech News Following a $27M short liquidation, briefly hinting at bullish control, the market faces a reversal as long liquidations climb to nearly $20M. Furthermore, a 136.04% jump in net deposits on exchanges over the last 24 hours, exceeding the weekly average, suggests a shift in trader sentiment. This sudden movement indicates that investors are preparing to sell, increasing market supply. Such…

Antonio Juliano, the founder of dYdX Trading Inc., has announced his decision to “step down” as Chief Executive Officer (CEO), citing a mix of “personal and professional reasons.” This move marks a significant change for the company behind the decentralized derivatives exchange dYdX. Juliano will transition to the roles of Chairman and President, with Ivo Crnkovic-Rubsamen set to take over as CEO. Juliano Reflects On His Tenure And The Evolution Of dYdX Juliano’s tenure as CEO saw dYdX grow into…

London, United Kingdom, May 13th, 2024, Chainwire Robert Kiyosaki, the renowned businessman and best-selling author of the educational series, ‘Rich Dad Poor Dad’, joins Andrew Maguire, on this week’s episode of Live from the Vault.  This week, a precious metals commentary show hosted by the renowned London whistleblower takes viewers through the current economic landscape and explains how everyone can take steps to preserve their wealth. “I save gold and silver. I don’t save dollars.” Kiyosaki speaks on how everyday…