Crypto portfolio app CoinStats has unveiled an innovative artificial intelligence (AI)-powered Exit Strategy feature on its platform, empowering traders to optimize their profits effectively, according to a Feb. 2 statement shared with CryptoSlate. The feature would allow crypto investors to strategically determine the optimal selling price for their cryptocurrency assets…

Tether CEO Paolo Ardoino slammed Wall Street giant JPMorgan’s “hypocrisy” to raise concerns about the stablecoin issuer’s dominant position in the cryptocurrency market while being the “biggest bank in the world.” In a Feb. 2 statement sent to CryptoSlate, Ardoino stated that Tether’s market dominance has proven crucial for the…

Solana-based Jupiter airdrop has generated substantial excitement, driving decentralized exchange (DEX) trading activity on the layer1 blockchain network beyond that of Ethereum. Data from DeFillama shows that Solana-based DEXs facilitated trades totaling $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the…

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The short-to-long-term realized value (SLRV) ratio is an often-overlooked metric that provides nuanced insights into investor sentiment. The ratio compares the percentage of Bitcoin that was last moved within a short timeframe (24 hours) against the percentage moved in a longer timeframe (6-12 months) to show whether the market leans…

FTX bankruptcy estate intends to sell its $175 million general unsecured claim against the collapsed crypto lender Genesis, according to a Feb. 2 court filing. FTX proposed to divest these claims through public auctions or private transactions, either in entirety or in parts, with single or multiple purchasers. The generated…

Quick Take Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge. This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security. The previous…

The United States Department of Justice (DOJ) has taken legal action against three individuals—Robert Powell, Carter Rohn, and Emily Hernandez—for their involvement in a Sim-swapping scam in November 2022. The charges brought against them include fraud and identity theft. This case has raised eyebrows due to its potential connection to…

Quick Take The 15th day in the evolving landscape of Bitcoin ETFs displayed a rather moderate pace with only $38.5 million in net inflows, according to BitMEXResearch. The Grayscale Bitcoin Trust (GBTC) observed its lowest amount of outflows since day one of the trading period, recording a drop to $182…

As Bitcoin’s short stint below $40,000 caused quite a stir in the market, one could expect that its recovery to $42,000 would have caused a spike in retail trading activity. With short-term holders making up the majority of what we call “retail” traders, a quick jump in Bitcoin’s price would usually…