Bitcoin Just Saw One of Its Fastest Crashes in History

Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. BTC price action is due “mean reversion” as a result. Analysis describes a “macro-driven” Bitcoin bear market now in progress. Bitcoin sees one of its

Crypto PACs Stack Millions Ahead of Midterms

Political action committees (PACs) representing the interests of the crypto industry have already secured millions of dollars in funding as the US heads toward its midterm elections. Super PACs are the uber-rich, no-limits, non-disclosure counterparts to crypto PACs. Last year, the industry spent at least $245 million in campaign contributions alone. The main super PAC

Gloria Zhao Quits as Bitcoin Core Maintainer

Bitcoin Core developer Gloria Zhao has stepped down as a maintainer and revoked her Pretty Good Privacy (PGP) signing key, ending about six years as one of the project’s gatekeepers.  On Thursday, Zhao submitted her last pull request to the Bitcoin GitHub repository, removing her key from the trusted keys and withdrawing herself as one

Why Privacy Coins Often Appear in Post-Hack Fund Flows

Key takeaways Privacy coins are just a step in a broader laundering pipeline after hacks. They serve as a temporary black box to disrupt traceability. Hackers typically move funds through consolidation, obfuscation and chain hopping and only then introduce privacy layers before attempting to cash out. Privacy coins are most useful immediately after a hack

Trend Research Dumps Over 400K as Liquidation Risk Rises

Ethereum investment vehicle Trend Research continued to reduce its Ether exposure, as the latest market crash pushed the treasury company to sell off its assets to pay back loans. It held about 651,170 Ether (ETH) in the form of Aave Ethereum wrapped Ether (AETHWETH) on Sunday. That amount dropped by 404,090, to about 247,080 on

Bitcoin Traders Say $58K is Key as Dip-Buyers Help BTC Rebound 11%

Bitcoin (BTC) rebounded above $65,000 on Friday, up 11% from 15-month lows below $60,000, as focus shifted to institutional dip buyers. Key takeaways: Bitcoin dropped to $59,000 on Thursday, liquidating over $1.1 billion in BTC longs. Bitcoin finally sees investors who are willing to “buy the dip” as prices dropped to sub-$60,000 levels. Traders have

NFT Market Cap Falls Back Near $1.5 Billion

The global non-fungible token (NFT) sector fell below $1.5 billion in total market capitalization, returning to levels last seen before the sector’s rapid expansion in 2021.  The retracement unfolded alongside a broader crypto market downturn over the past two weeks, CoinGecko data shows. On Jan. 23, total crypto market capitalization stood at about $3.1 trillion

ARK Invest Sells Coinbase And Buys Bullish Shares

ARK Invest, the asset manager led by prominent Bitcoin bull Cathie Wood, has shifted from buying to selling Coinbase stock, as the shares dipped 13% and hit multi-month lows. On Thursday, ARK offloaded 119,236 Coinbase (COIN) shares, valued at roughly $17.4 million, according to a trade filing seen by Cointelegraph. The sale comes just a

Pump.fun Expands Trading Infrastructure With Vyper Acquisition

Pump.fun has acquired crypto trading terminal Vyper, which will wind down its standalone product and migrate its infrastructure into the Solana memecoin launchpad’s ecosystem. On Friday, Vyper said core parts of its product will begin shutting down on Tuesday, while limited functions will remain accessible. Users were directed to Pump.fun’s Terminal (formerly Padre) to continue
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