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Showing posts with the label digital assets

Crypto Exchange Gemini Secures $50 Million Funding From Nasdaq Ahead Of IPO

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Crypto exchange Gemini, founded by billionaires Cameron and Tyler Winklevoss, has secured Nasdaq as both a listing partner and an investor ahead of the company’s proposed initial public offering (IPO). Gemini aims to debut on the Nasdaq this Friday under the ticker “GEMI,” a timeline that is still dependent on market conditions, according to a Reuters report that cited sources familiar with the matter. Nasdaq will buy $50 million worth of the crypto exchange’s shares in a private placement at the time of the IPO, which aims to raise more than $300 million. That’s after Gemini said last week that it plans to selling 16,666,667 shares of its Class A common stock at between $17 and $19 per share. The exchange will also grant underwriters a 30-day option to buy an additional 2,396,348 shares.  The exchange’s arrangement with Nasdaq will extend to giving Nasdaq’s clients access to Gemini’s custody and staking services.  Meanwhil...

Number of Investors in Shiba Inu (SHIB) Stalls

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The number of new investors taking an entry position in Shiba Inu (SHIB) is moving at a snail’s pace. SHIB boasted approximately 1.5 million holders at the start of January, and nine months down the line in September, the numbers have barely moved up. According to the latest data from Etherscan, SHIB holders are still 1.539 million with a growth of just 0.002% over a month. In August, the number of holders was 1.535 million, and has grown by only 4,000 wallets. Also Read: What Happens If Shiba Inu (SHIB) Reaches $1? The development does not come as a surprise, as Shiba Inu has failed to generate interest among the investor community. The relentless price dip has made traders avoid the token as it is erasing all investments made this year. SHIB has dipped nearly 43% year-to-date and is among the least-performing cryptocurrencies in the market. The development has dampened investors’ mood as several other altcoins are delivering better profits. Investments in Shiba Inu Dries U...

Institutions Pile Into Ethereum As Futures Open Interest And ETF Inflows Leave Bitcoin Rivals In The Dust

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Institutional adoption of Ethereum is accelerating at a pace that now eclipses Bitcoin, with ETH futures open interest topping $10 billion and spot ETH ETFs seeing inflows ten times higher than their BTC rivals. The total notional open interest (OI) in ETH futures recently crossed above $10 billion for the first time on record, according to the CME Group. Notional OI represents the total dollar value of active or open contracts at any given time. “We’re certainly seeing a resurgence and renewed enthusiasm in Ether futures — especially as it relates to institutional participation,” CME Group’s global head of cryptocurrency products, Giovanni Vicioso, told CoinDesk. Large Open Interest Holder Count Hits A New Record The CME offers standard-sized contracts of 50 ETH as well as micro-sized contracts of 0.1 ETH. Earlier this month, the number of large open interest holders, who hold at least 25 ETH contracts at a given time, reached a record of 101.  T...

This statistic hints at extended Bitcoin losses in the next 7 days

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As Bitcoin (BTC) faces the renewed threat of plunging below the $110,000 support amid a broader market sell-off, historical data suggests the asset may be destined for more losses in September. Since 2015, Bitcoin has managed only a 40% win rate in September, with an average return of -2.5%, according to data from charting platform TrendSpider shared on August 25. Bitcoin seasonality chart. Source: TrendSpider The seasonality outlook points to a bearish trend, placing September alongside August as one of the least favorable months for BTC holders.  In contrast, months such as February and October have delivered outsized gains, boasting win rates of 82% and 90% respectively. BTC’s new bearish sentiment  Notably, the statistic emerges at a time when Bitcoin is grappling with fresh bearish sentiment, as whale selling and exchange-traded fund outflows weigh on investors’ confidence. To this end, analysts have laid out several scenarios for the flagshi...

BlackRock records $500 million in outflows from these two cryptos

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U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) saw another wave of withdrawals yesterday, August 20, the fourth consecutive day of consistent net outflows. Bitcoin ETFs shed $311.57 million during the session, with BlackRock (IBIT) leading the sell-off with $220 million, according to data from SoSoValue on August 21. Ark (ARKB) had the same idea, dropping $76 million, while Fidelity (FBTC) and Grayscale (GBTC) posted smaller outflows of $7 million and $8 million, respectively. Ethereum ETFs also recorded substantial redemptions, with $240 million withdrawn on the day and BlackRock (ETHA) again taking the brunt of it, seeing $257 million in withdrawals.  Trading volumes still high Despite the net losses, trading volumes remained fairly high, suggesting investors are more likely to be repositioning rather than exiting the market altogether. Shifting strategies could be the result of both Bitcoin and Ethereum struggling to hold key...

Is the US targeting Solana devs in Russia with crypto 'infostealers'?

Russian Solana devs are being targeted by “infostealer” malware, possibly deployed by US state-sponsored actors, according to research by software supply chain security firm, Safety.  The findings, published by Safety’s Head of Research Paul McCarty, led to speculation from security news outlet The Register, that it could point to an attempt from the US to disrupt Kremlin-linked ransomware gangs. According to McCarthy’s research, a threat actor using a cryptocurrency-focused “infostealer” dubbed “Solana-scan” has been targeting Solana community members with Russian IPs. The malicious packages, “solana-pump-test” and “solana-spl-sdk,” were uploaded to the JavaScript registry NPM by someone with the username “cryptohan.” They pretend to scan “for Solana SDK components” while stealing data on crypto credentials and owned tokens.  “Cryptohan” is a popular moniker in the crypto community and was presumably chosen to give the malware...

Shiba Inu 156% Moonshot Driven by Whale War at $0.000014

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Shiba Inu price is actually facing a pretty decisive battle right now at the $0.000014 resistance level, where analyst predictions are suggesting a potential 156% surge if key support levels can hold. The memecoin is currently trading at around $0.00001318, as CoinGecko reveals, with some $257 million in daily volume, and it’s positioning itself for either a major breakout or maybe even a deeper correction. Javon Marks SHIB price prediction tweet with technical chart – Source: X How Shiba Inu’s Whale Sentiment, Burn Rate, and Shibarium Milestone Fuel Price Surge Source: Watcher.Guru Analyst Predicts 156% SHIB Rally Right now, things are getting pretty interesting for Shiba Inu price action, and analyst Javon Marks had this to say about the potential: “SHIB still fresh off of a divergence that was confirmed earlier this year and prices may only be preparing for a run in result of this! With that divergence, prices of Shiba could climb over 156% to reach the $0.000...

Altcoins Set To Ignite ‘Major, Major’ Moves After Ethereum Breakout, Predicts Analyst Kevin Svenson – Here’s His Outlook

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An analyst who accurately called Bitcoin’s (BTC) parabolic rally this cycle believes that it’s time for altcoins to take center stage. In a new video update, trader Kevin Svenson tells his 83,800 followers on the social media platform X that he’s keeping an eye on the altcoin index, the OTHERS chart, which tracks the total market cap of crypto excluding the top 10 digital assets and stablecoins. Svenson says that OTHERS looks primed for a major upside burst now that Ethereum (ETH) has broken out and is trading above the key psychological level of $4,000. “I think altcoins are going to see some major, major moves. I think money is going to flow into the altcoins rapidly once Ethereum breaks out and people realize Ethereum’s not dead – in fact, it’s a sleeping giant. Ethereum still has more than half of the total value locked in DeFi (decentralized finance) and is going to be the main infrastructure for stablecoins. In theory, stablecoi...

Ripple will unlock 1 billion XRP tomorrow 

Ripple is scheduled to unlock 1 billion XRP tokens from escrow tomorrow, August 1, as part of its standard monthly release process.  The token is currently trading at $3.17, with a market capitalization of $187.72 billion, and approximately 59.23 billion XRP in circulation (out of a 100 billion max supply). XRP price and volume movements XRP’s price has retracted from a monthly high of around $3.66 in late July, moving back to its present level of $3.17. The drop appears to reflect profit-taking and short-term speculator exits, rather than fundamental weakness; other major assets like Bitcoin and Ethereum declined by only 2–3% over the same timeframe, making XRP’s retracement more pronounced in relative terms. On July 30, XRP trading volume slipped modestly compared to earlier peaks, while analysts noted heightened whale activity, with more than 70 million XRP moving from dormant wallets, signaling accumulation from large holders.  Ripple unlock mechanics ...

Solana ETF crosses $100M in just 12 days

Solana (SOL) has seen remarkable growth thanks to growing institutional interest and the success of the recently launched exchange-traded fund (ETF). Namely, the Solana Staking ETF (SSK) managed to cross $100 million in assets under management (AUM) within just 12 days after its debut on July 2, 2025, according to a statement posted on Business Wire .  In the meantime, the network’s total value locked (TVL) reached $14 billion, while its tokenized stock volume hit $293 million in one month, more than all other chains combined. BREAKING: SOLANA HITS $293M TOKENIZED STOCK VOLUME IN 1 MONTH — MORE THAN ALL OTHER CHAINS COMBINED!!! pic.twitter.com/9LgZIvoHmU — SolanaNews.sol (@solananew) July 22, 2025 Solana on-chain activity surges The explosion of on-chain activity on the network is largely due to the fact that SSK is the first U.S.-listed Solana ETF to integrate on-chain staking rewards, which appealed to institutional and retail investors alike. ...

Shiba Inu’s Rise: 3 Strong SHIB Momentum Indicators

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Shiba Inu (SHIB) is one of the most sought-after cryptocurrency tokens for the world to interact with. The SHIB ecosystem is known for its clarity of thought and mindset, with transparent elements that the world can easily comprehend and make sense of. From Shibarium to the launch of the SHI stablecoin, the world is currently bracing for a major Shib surge and impact, possibly helping them remember the token’s 2021 price rally. As altcoins push for new price surges as Bitcoin claims $120K, will SHIB be able to emerge stronger than before? Also Read: BONK Delivers 20% Profits in 1 Day, Beats Shiba Inu & Dogecoin Three Signs Shiba Inu Is Brewing a Major Price Rally 1. Shiba Inu’s Chart Shows a Bullish Uptrend Source: Crypto News Shiba Inu is currently in the process of breaking its months-long consolidatory trend. The token is now eyeing a major price high of $0.000017 as markets continue to favor altcoins, with the Bitcoin frenzy gaining steady momentum. Per SHIB’s official X...

Bitcoin Dips To $116k: Minor Pullback Or Is The Bull Run Over?

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Bitcoin (BTC) had one of its most significant runs over the last few days. The largest cryptocurrency by market cap climbed to a new all-time high of $122,838 on July 14. BTC’s price has fallen by 5% from its recent peak. The asset’s dip has triggered a wider market correction. BTC is currently down 4.1% in the daily charts. Despite the pullback, BTC continues to glow green in the other time frames. The asset has rallied 7.1% in the weekly charts, 9.5% in the 14-day charts, 10.9% over the previous month, and 86.3% since July 2024. Source: CoinGecko Minor Bitcoin Correction, Or Is The Bull Run Ending? Source: Watcher.Guru The latest market dip comes amid a massive profit-taking phase. Whale activity has significantly surged on Binance, the world’s largest crypto exchange by volume. Experts have highlighted Bitcoin’s sudden rise from $108,000 to $123,000. The rapid rise has left a supply gap between $110,000 and $116,000. There could be sudden price fluctuations in...

XRP’s Next Move: Ripple’s New Pattern Suggests $50 in Sight

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Ripple (XRP) is one of the most sought-after cryptocurrency tokens to exist in the space today. The token is exploring new price horizons as markets have now returned to their prime, adapting to major price moves. XRP is currently up 6% in the last 24 hours. But a new candle formation on XRP’s chart is now showing a major price breakout of the asset to $50. What are the odds of the token exploring this massive high? Let’s break it down. Also Read: What’s Stopping Ripple (XRP) From Reaching $100? Ripple Eyes $50 Source – Crypto News Flash Ripple (XRP) is now eyeing a new major price point of $50, as specified by Egrag Crypto, a noteworthy cryptocurrency analyst. The expert shared how XRP’s price chart has now started to portray an intriguing new trend. This trend often denotes how XRP has a habit of spiking high on the radar once it’s through with the significant consolidation phase. The expert stated that the token has already started to display a three-gre...