Shift

According to the latest data from CryptoQuant, bears might be in control of Bitcoin given the asset’s funding rates reaching a negative level across all crypto exchanges, including Binance. For context, funding rates are essential in perpetual futures markets to ensure the price of perpetual contracts aligns closely with the spot market. These rates can be either positive or negative, depending on market conditions. A positive funding rate implies that long position holders pay shorts, typically signaling bullish sentiment. Conversely,…

Coinbase indicated plans for a cbBTC against the backdrop of Wrapped Bitcoin (WBTC), which has become controversial in crypto. While the product’s details are still unknown, Coinbase appears ready to dominate the market once again. Coinbase Gains Market Edge On WBTC Controversy The exchange’s announcement of a cbBTC turned heads, with pre-launch registration already live. Coinbase Layer-2 (L2) network Base hinted that it would run atop its blockchain, making it an alternative Bitcoin on Base, but this remains unclear. It…

Solana has recently been experiencing shifts in investor sentiment as market dynamics continue to evolve. As attention moves away from Solana, many investors are seeking new opportunities with high growth potential. In this context, MoonTaurus (MNTR) has emerged as a compelling alternative. MoonTaurus (MNTR) is rapidly gaining traction among investors who are drawn to its significant growth prospects. The new meme coin has generated excitement due to predictions of a 1300% increase in value. With an impressive early presale performance…

The conventional trading ecosystem has long been plagued by fundamental problems: most traders lose money trying to predict markets, trading creates adversarial relationships between investors, and high fees and counterparty risks are rampant. However, a revolution in the trading industry is on the horizon. Imagine a scenario where you don't need to foresee market moves to benefit. This is precisely what Untrading provides. Untrading Technologies Pte Ltd, a Singapore-based fintech firm, is driving this change with its decentralized asset management…

The post Raoul Pal Reveals Major Shift in Investment Strategy Towards Solana, Away From BTC, ETH appeared first on Coinpedia Fintech News Raoul Paul, the CEO of Real Vision and a prominent financial analyst, has recently disclosed his investment strategy reflecting a drastic shift. Pal has shifted from Bitcoin and other Altcoins, relocating a staggering 90% of his liquid assets into Solana.  90% Of Pal’s Network Allocated To SOL! In a recent video address, Pal explained his significant portfolio adjustment…

The post Marathon Digital Acquires $100M BTC, Declares Shift To HODL Strategy appeared first on Coinpedia Fintech News In a significant move, Marathon Digital has announced a $100 million Bitcoin purchase, bringing its total holdings to over 20,000 BTC. The company has also declared a shift to a full HODL (Hold On for Dear Life) strategy for its Bitcoin treasury policy, effective immediately. Under this new approach, they will retain all Bitcoin mined through its operations and plans to make…

Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price.  As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability.  However, industry experts, including CryptoQuant CEO Ki Young Ju and Alex Thorn, head of research at Galaxy Digital, have offered insights into this development, suggesting that the…

USDT now dominates over 40% of cryptocurrency transactions in Latin America, surpassing Bitcoin in regional popularity. Inflation and currency devaluation drive Latin American traders towards stablecoins, seen as more stable than volatile Bitcoin. A recent study by research firm Kaiko highlights a significant shift in the cryptocurrency landscape of Latin America. The report indicates that USDT, a stablecoin, now accounts for over 40% of all cryptocurrency transactions in the region, surpassing Bitcoin, which has long dominated the market. Source: Kaiko…

In a market that has long been captivated by the rapid rise and often speculative nature of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE, a notable shift is underway. According to Ki Young Ju, the CEO of CryptoQuant, the once-dominant meme coins are witnessing a decline in market influence, potentially signaling a maturing cryptocurrency landscape. The Decline of Meme Coins Dominance Ki Young Ju’s analysis reveals a significant reduction in the dominance of meme coins within the altcoin…