Tag: Bitcoin
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Bitcoin Retail Investors Cash Out $625M as Whales Hold Firm
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Retail Traders Sell While Whales Wait Retail Bitcoin investors have sent approximately 6,000 BTC—worth around $625 million—to Binance this month, signalling a wave of profit-taking among smaller holders. However, data from on-chain analytics platform CryptoQuant, published on 31 January, suggests that whale investors remain cautious, holding off on major sales despite Bitcoin’s ongoing bull run.…
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Bitcoin ETFs Rebound with Modest Inflows
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Bitcoin spot ETFs have bounced back with a modest net inflow of $18.44 million, marking a recovery from previous outflows. Despite limited movement, BlackRock’s IBIT led the gains, while Ark and 21Shares’ ARKB saw outflows. Bitcoin ETFs See Positive Momentum On a relatively quiet trading day, U.S. spot bitcoin ETFs registered a total net inflow…
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Fed Holds Rates Steady: Key Impacts for Crypto Markets
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The Federal Reserve’s first meeting of 2025 is set to maintain the status quo on interest rates, with a decision anticipated to leave the target range unchanged at 4.25%-4.5%. Scheduled for release at 19:00 UTC on Wednesday, the decision will be followed by Chairman Jerome Powell’s press conference at 19:30 UTC. While markets anticipate a…
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$16 million is invested by Changpeng Zhao in the Sign Project.
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YZi Labs, the investment firm founded by Binance‘s Changpeng Zhao, has announced a significant $16 million investment in the altcoin project Sign. This venture, which focuses on providing on-chain token distribution services, also garnered backing from notable firms like Altos Ventures, HackVC, and Amber Ventures. This latest funding initiative marks a meaningful expansion of YZi Labs’ portfolio, increasing…
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Bitcoin Bounces Back 5%, Reclaims $102K Amid Market Turmoil
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BTC demonstrates resilience as it regains six-figure territory despite a dip driven by stock market fluctuations. Bitcoin (BTC) staged a remarkable recovery on January 27, bouncing back 4.6% from local lows of $97,750 to reclaim the $102,000 mark. This surge followed a brief slump triggered by a sell-off in US equities, spurred by the launch…
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The top-ranked app in the Apple App Store is DeepSeek.
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DeepSeek recently surged to the number one position on the Apple app store. While the company’s large language models or LLMs appear comparable to market leaders like OpenAI and Meta, its claims of costing a fraction to train and develop the competitive AI models is shaking not just the US tech stocks, but also the…
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Analysts Discuss Dogecoin’s Possible Rise as It Aims toward $1
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Over the past year, Dogecoin (DOGE) has shown significant growth potential. Some experts predict that Dogecoin’s price could increase by 10,000%, potentially reaching $1 or more. Historical trends and new developments are fueling hopes for another major rally. What do experts, including Ali Martinez, say about DOGE and its future? Dogecoin’s Price History Points to…
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Trump’s Executive Order: A Game-Changer for Institutional Crypto Adoption
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US President Donald Trump has signed an executive order prohibiting the creation and use of central bank digital currencies (CBDCs) in the United States. The decision, announced on 23 January, is expected to reshape the landscape of cryptocurrency regulation and adoption in the country, positioning the private crypto market as a key player in the…
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THORChain in massive $200m debt; pauses network for restructuring votes
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On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its ecosystem. The platform owes nearly $200 million in ecosystem debt. In DeFi, ecosystem debt occurs when a blockchain owes more tokens than it holds, as seen with THORChain’s current situation. This often results from overambitious…
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Microstrategy’s Bold Move: Adds 11,000 BTC to its Holdings
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Microstrategy, the software intelligence giant, has made waves in the crypto world by acquiring 11,000 bitcoins worth $1.1 billion. This latest purchase brings its total holdings to a staggering 461,000 BTC, solidifying its position as a major player in the cryptocurrency market. According to a filing with the U.S. Securities and Exchange Commission (SEC), the…