Speculation

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…

Factors contributing to Ethereum’s upward trajectory include a surge in open interest in the futures market. Moreover, there’s a resurgence in demand for ETH, driven by increased purchasing from Permanent Holders in anticipation of ETF approval. The recent developments around the approval of the spot Ethereum ETF have sent a strong undercurrent in the market driving the ETH price higher, per the Crypto News Flash report. Since the beginning of the week, the ETH price is already up by over…

Dogecoin (DOGE), a meme-inspired crypto, has recently experienced a significant surge in activity from large-scale investors, commonly known as “whales.” Recent data shows that the value of substantial transactions has nearly doubled in the last 24 hours. Dogecoin Transactions Soar As ETF Speculation Intensifies According to data from IntoTheBlock, the value of these large transactions exceeding $100,000 has significantly increased within the past 24 hours. This dramatic increase saw the total value surge from $1.53 billion to roughly $3.01 billion.…

The Shiba Inu community has been rife with speculation that BONE could finally be listed on Binance following the exchange’s latest call for projects to apply for a listing. BONE has gained over 9% in the past day on these speculations and the successful integration of ShibaSwap into Shibarium, the ecosystem’s layer 2 network. Could BONE be about to debut on Binance? This speculation has emerged over the past few days, leading to over 9% gains for the token, which…

Ethereum’s value soars by 18%, nearing $4,000 due to heightened ETF approval speculation. Potential SEC approval could significantly advance mainstream financial integration of cryptocurrencies. Ethereum has experienced a significant increase, rising 18% to a peak of $3,691, primarily driven by speculation that the U.S. Securities and Exchange Commission (SEC) might soon greenlight the first spot Ethereum ETFs. Analysts at Bloomberg have revised their approval probabilities for these ETFs from 25% to an optimistic 75%, reflecting a strong market sentiment. This…

Bitcoin ETFs have become more popular than gold ETFs among professional firms. Institutional investors now hold over $11 billion in Bitcoin ETFs, driven by the potential for high returns. Exchange-traded funds (ETFs) backed by Bitcoin have surpassed traditional gold ETFs in popularity among professional firms, marking a dramatic transformation in the investment environment. This trend shows that institutional investors are becoming more confident about digital assets, as revealed by recent data. Spot Bitcoin ETFs were present in the 13F filings…

The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip. Ethereum Rallies, But Questions Linger Ethereum (ETH) surged 3.7% in the last 24 hours, buoyed by a general uptick in the crypto market. This positive movement comes after a significant…

Ripple’s recent movement of 100 million XRP has sparked significant market speculation. Legal developments and celebrity comments continue to influence the cryptocurrency’s community and valuation. Following a detailed report by CNF, Ripple has continued its pattern of significant transactions, transferring 100 million tokens to an external wallet. This move has raised eyebrows and speculation about Ripple’s strategic motives, reflecting ongoing market monitoring and theories regarding their potential impacts on the cryptocurrency market. Elon Musk’s recent cryptic tweet, “The most entertaining…

Two weeks ago, we delved deep into the technical analysis of CHO, a token that's been buzzing loudly in the crypto community for the past three months, and even more so since its listing on BingX at the end of April. With its remarkable 522% percent surge up to this day, we're circling back to the same question: has the fervor surrounding it swamped, or are there signs of further ascent from these levels? RSI Lines Close to Crossing; Rebound…