Ryan Salame, a deputy of FTX crypto king Sam Bankman-Fried, jailed
submitted by /u/ElderberryForward215 [link] [comments]
submitted by /u/ElderberryForward215 [link] [comments]
https://www.cspr.shopping/ Third attempt posting this. This is quite interesting. Some good names on the retailer list and it should bring some exposure and volume to the chain. I've been following the project since ICO and i'm still hopeful. Glad to see they are still building. What are your thoughts? I know that CRO offers a…
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After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May.
An analyst has explained how the Bitcoin rally could still have room to run before hitting a top based on the data of this indicator. Bitcoin Macro Oscillator Isn’t At Historical Top Zone Yet In a new post on X, analyst Willy Woo has discussed the recent trend developing in the Bitcoin Macro Oscillator (BMO). This indicator combines four different metrics to provide an oscillating value around the zero mark. The indicators in question are the market Value to Realized Value (MVRV) ratio, Volume-Weighted Average Price (VWAP) ratio, Cumulative Value-Days Destroyed (CVDD) ratio, and Sharpe ratio. Related Reading: Is Mt. Gox A Worry For Bitcoin? Crypto Analyst Weighs In The chart below shows how the oscillator based on these metrics has fluctuated in value over the past few Bitcoin cycles. From the graph, it’s visible that tops in the cryptocurrency’s price have historically coincided with the metric reaching relatively high levels. More particularly, the 2013 and 2021 tops occurred when the indicator breached the 1.8 level, while the 2017 peak occurred when the oscillator hit 2.4. So far, in the current rally, the oscillator has achieved a peak value of 1.2. This high coincided with the asset’s all-time high (ATH) price, which continues to be the top of the run thus far. When considering the historical precedent, though, this value doesn’t seem to be high enough for the top to have been cyclical. As the coin’s price has consolidated since this high, the oscillator has cooled off, now hitting just 0.69. Thus, the asset has gained more distance from the zone where tops have occurred in the past. “This 2.5 months of consolidation under bullish demand has been very good for Bitcoin; it means the price has more room to run before topping out,” notes Woo. The analyst suggests that BTC could now have 2 to 3 levels of the BMO to climb before reaching the macro top. Woo has also pointed out a potential positive sign brewing for Bitcoin regarding its net capital flows. Below is a chart showing this metric’s trend over the last few years. As displayed in the graph, net capital flows into Bitcoin were quite high during the surge toward the price ATH, but money stopped flowing in as the asset fell into sideways movement. Related Reading: Ethereum Deposits At 4-Month High: Whales Preparing For Selloff? During May, though, the net flows have finally reversed the trend, as they have been on the rise once more. This fresh demand can naturally be bullish for the cryptocurrency’s value. BTC Price Bitcoin surged above the $70,500 level earlier, but the coin has since slumped back down, trading around $67,800. Featured image from Dall-E, woocharts.com, chart from TradingView.com
Libertarian Argentina has “enormous possibilities” under his leadership, Milei tells Sam Altman.
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging from the woodwork, including one leveraging Bitcoin’s Runes protocol for minting. Trump-Themed Meme […]
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation.
I thought it was clear that launching your own token is deemed to be illegal in many countries (especially the US) as they are considered securities. So what’s the deal then with these celebrities launching their own tokens? I mean you have Iggy Azela, Soulja Boy, Davido, and others just blatantly launching coins through their…
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A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, […]
Shiba Inu is currently the talk of the crypto market after mounting a 15% surprise rally. However, beyond the price rally, SHIB is shining in other places, and one of those is the open interest. This metric has seen a significant increase, with potential implications for the SHIB price going forward. Shiba Inu Open Interest Sees 85% Surge The Shiba Inu open interest in up over 85% in the past day as the price has gone on a recovery trend. Open interest tracks the futures or options contract for a particular asset, given a total of how much money is invested in that asset’s derivatives at a time. This means that the amount invested in Shiba Inu derivatives over the last day has seen a significant jump. Related Reading: Ethereum Spot ETFs: Report Shows Grayscale Could Keep ETH Price Down With $110M Daily Outflows The 85% figure is taken from an average of two increases in the Shiba Inu open interest across the Binance and ByBit exchanges. According to data from Coinglass, the SHIB open interest in Binance rose more than 60% in the last day. In the same vein, the Shiba Inu open interest is up more than 111% on the Bybit exchange in the last day. So on average, the open interest for the meme coin is up a whopping 85% in 24 hours. Dollar figures also show the significance of this jump and just how much crypto investors are moving into Shiba Inu. The current open interest on the Binance exchange is $136.79 million, which means whatever $82 million flowed into SHIB derivatives product in one day. On the Bybit exchange, the rise is similar, currently showing a total of $96.16 million in open interest. At a rate of 117.81%, it means that around $50 million flowed into SHIB derivatives on the exchange. Combined, the Shiba Inu open interest if up around $135 million in one day. SHIB Price Still Seeing Upside The drastic rise in the Shiba Inu open interest is undoubtedly a positive development for the SHIB price. This rise has now sent the open interest toward its previous all-time high of March 5, 2024. If history is anything to go by, if the open interest hits a new all-time high, then the meme coin could be looking at a new yearly peak toward $0.00004. Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed? Amid the surge in open interest, the SHIB price also rose around 16% at the same time. The price has since corrected back downward, but according to data from the token tracking website CoinMarketCap, the meme coin is maintaining 24-hour gains of 7.77%. Interestingly, the surge saw Shiba Inu briefly overtake Cardano and claim the 10th spot on the list of largest cryptocurrencies by market cap. However, with the price correction, Shiba Inu has fallen back down once more to 11th place. Featured image created with Dall.E, chart from Tradingview.com