Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Let’s have some fun: I created a list comparing the crypto world to Frank Herbert’s Dune world, what would your coin be?

This is after replying to someone on the daily asking me if Bonk is Solana’s Lisan Al’ Gahib because I compared Solana to the Dune world currency, Solari Here is what I replied [feel free to add on to it or make cases for changes]: I think Doge is probably *our Lisan Al’ Gahib* forged…
Read more

Bullish Bitcoin options dominate May’s $6.5 billion expiry

Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking.

Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute

The hostile offer comes after a private offer to the board was rejected in April.

WBTC address poisoner was exposed through ‘digital evidence’ — Match Systems

Experts discovered personal information about the attacker by investigating IP addresses and device data connected to the attack.

Solana validators to receive full priority fees as SIMD-0096 gains approval

submitted by /u/Spacesider [link] [comments]

Argentina on the Bitcoin Path: Can It Learn From El Salvador?

submitted by /u/Omn1Crypto [link] [comments]

Ethereum Deposits At 4-Month High: Whales Preparing For Selloff?

On-chain data shows that the Ethereum exchange netflow recently spiked significantly, a sign that could be bearish for the cryptocurrency’s price. Ethereum Exchange Netflow Registered A Large Positive Spike Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend that has been occurring in the exchange netflow metric for Ethereum. The “exchange netflow” here refers to an on-chain indicator that tracks the net amount of any given cryptocurrency entering into or exiting the wallets associated with centralized exchanges. Related Reading: Injective (INJ) Buy Signal That Led To 700% & 555% Rallies Forms Again When this metric’s value is positive, it means that investors are depositing a net number of tokens on these platforms right now. Generally, one of the main reasons holders may transfer to the exchanges is for selling-related purposes, so this trend can have bearish implications for the asset’s price. On the other hand, the negative indicator implies the exchanges are currently bleeding supply as outflows are outpacing the inflows. Such a trend may be a sign that the investors are accumulating, which can naturally be bullish for the coin. Now, here is a chart that shows the trend in the Ethereum exchange netflow since the start of the year 2024: The graph shows that the Ethereum exchange netflow has registered a positive spike recently. At the height of this spike, the exchanges received 140,660 ETH in net deposits. At the current price of the cryptocurrency, this amount is equivalent to almost $547 million. This is a huge amount and the largest net deposit spree these central entities have witnessed since January. “High inflows to exchanges are typically a sign of selling behavior, as people either try to claim profits or succumb to FUD,” notes the analytics firm. Interestingly, though, since these deposits have come, the asset’s price has increased. This could suggest that either the whales making the inflows haven’t pulled the trigger on selling these coins yet, or they never planned to sell to begin with. Of course, it’s also possible that the market demand has been able to absorb the selling if the whales have indeed sold. In the scenario where the whales made the deposits with the intention of selling but haven’t made the trade yet, Ethereum could feel a bearish effect. Related Reading: Altcoin Season Soon? Quant Says This Ethereum Pattern Could Suggest So It now remains to be seen how the cryptocurrency’s price will develop in the coming days and if these large deposits will play any visible role at all. ETH Price Ethereum had seen a pullback earlier, but the asset has managed to make a recovery, as its price is now once again floating above the $3,900 mark. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

Bitcoin investment inflows hit $1B as long-term holders accumulate

Inflows to crypto Bitcoin funds top $1 billion as BTC price remains stuck in a range below all-time highs.

Trump is NOT “better” for crypto.

There has been an overwhelming number of pro-Trump posts on this sub recently. All claiming that he is the god damned bitcoin messiah. My question is this: How fucking blind do you have to be to believe the lies of this dipshit? What in the world makes you think he's a pro-crypto candidate? Is it…
Read more