Trading

On early Tuesday, Bitcoin’s value dropped sharply to $67,900. This marked a decline of over 3.3% from its Monday peak of approximately $71,200.  This downturn coincided with significant changes in the flow of funds within Bitcoin exchange-traded funds (ETFs), which switched to negative flows after 19 consecutive days of positive inflows. Bitcoin’s Price Drops Causes Over $100 Million in Liquidations According to data from Farside Investors, Fidelity Wise Origin Bitcoin Fund (FBTC) reported an outflow of $3 million. Similarly, the…

Following the recent price spike that brought Ethereum (ETH) close to the $4,000 mark, the second-largest cryptocurrency has experienced inflows and renewed market enthusiasm. This comes in response to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March  According to a report by CoinShares, digital asset investment products have witnessed a total of $2 billion inflows, contributing to a five-week consecutive run of inflows amounting to $4.3…

Shiba Inu (SHIB) became the most traded coin on WazirX in May 2024. The number of new accounts on the network skyrocketed by an astounding 3,436% within just 24 hours. In a tweet by India’s top crypto exchange, Wazir X, Shiba Inu (SHIB) has dominated the trading charts, surpassing Bitcoin (BTC), Floki (FLOKI), and Pepe (PEPE) in trading volume in May 2024. This notable performance highlights SHIB’s growing prominence among Indian crypto traders. Top five traded coins on WazirX in…

The post Insider Nets $978K Trading $HULK Causes 85% Price Drop appeared first on Coinpedia Fintech News An insider made a staggering 812x gain by trading $HULK, netting 5,753.6 $SOL ($978K) in just three hours. The trader spent only 7.1 $SOL ($1.2K) to buy 190.2 million $HULK (19% of the total supply) using four new wallets, then sold all for 5,760.7 $SOL ($979K). This massive sell-off caused the $HULK price to plummet by over 85%.

SEC Chair Gary Gensler indicated in a recent CNBC interview that the approval process for spot Ethereum ETFs could take longer than anticipated, with S-1 registrations unlikely to be approved imminently. Ethereum’s open interest in derivatives products has surged by 50.3% to $14 billion, setting a new record, with notable increases on the Chicago Mercantile Exchange. While everyone has been eagerly awaiting the launch of the spot Ethereum ETFs, SEC chief Gary Gensler recently said in a CNBC interview that…

In the dynamic world of cryptocurrencies, investors are constantly seeking opportunities to diversify their portfolios and capitalize on the market’s potential. As the altcoin ecosystem continues to evolve, three top crypto coins have caught the attention of savvy investors looking to expand their crypto holdings: Ripple (XRP), Binance Coin (BNB) and new market entrant, Angry Pepe Fork (APORK). Notably APORK is making waves as it aims to revolutionize the meme space with its “Conquer-to-Earn model  Ripple Token: Established Player in…

Bermuda, Bermuda, June 6th, 2024, Chainwire HashKey Global May 2024 Monthly Report released, the daily trading volume reached 348 million USD, representing a month-over-month increase of 173%. Launchpool's first-phase yield rate was as high as 37.68%, which made a notable impact on the market. Launchpool Introduces High APR to the Market The first Launchpool surprised the market with a high APR, attracting over 2,157 users who locked assets on the first day. The total amount pledged reached USD 109 million,…

Bybit allows Chinese users to register, reversing its strict ban, reflecting a shift in its operational policy. Bybit’s move to allow Chinese users raises internal concerns about potential regulatory repercussions and compliance challenges. Bybit, the world’s third-largest offshore cryptocurrency exchange, has recently allowed users in China to register and authenticate on its platform. This decision marks a shift from Bybit’s long-standing policy of prohibiting Chinese users, reflecting a cautious approach by its management team. Despite the previous restrictions, data suggests…

Pepe (PEPE) price has pumped more than 60 percent in the past 30 days to reach a new all-time high with over 239k on-chain holders. The high demand for meme coins has seen most utility-focused crypto projects lag in the ongoing crypto bullish outlook. As Bitcoin (BTC) price attempts to rally beyond its all-time high, above $73k, again after being trapped in a correction mode for the past two months, more short-term investors are diversifying into the altcoin industry to…