Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling…
Fundstrat Global Advisors’ Tom Lee and analysts from Bernstein predict robust markets heading into 2025, regardless of the results of the upcoming US presidential election. While Lee expects a broader market rally across sectors, Bernstein highlighted Bitcoin’s (BTC) resilience amid political uncertainty. Tom Lee, managing partner and head of research…
A prediction market Polymarket user sold nearly $4 million in bets related to former US President Donald Trump’s victory in the Nov. 5 elections in the past 24 hours. The investor had accumulated over $15.3 million in trading volume across 24 different markets. On-chain data revealed that the “whale” identified…
The State of Michigan Retirement System disclosed over $11 million in exposure to spot Ethereum (ETH) exchange-traded funds (ETF) in its latest 13-F filing. As a result, Michigan became the first state to invest in Ethereum and currently holds a larger position in Ethereum ETFs, compared to the $7 million…
A new report from Binance Research has raised red flags over the high risks in the memecoin market, revealing that 97% of these tokens have either failed or become inactive shortly after launch. The report also exposes widespread manipulation, where coordinated groups orchestrate pump-and-dump schemes that leave everyday investors bearing…
Crypto market volatility remained low ahead of the US presidential election as investors adopted a cautious, wait-and-see approach, according to the latest edition of the “Bitfinex Alpha” report. Bitcoin’s (BTC) implied volatility in the options market hovered around the low 40% range, reflecting restrained confidence in major price shifts and…
Two of the largest public Bitcoin miners — Marathon Digital and Riot Platforms — recorded their highest monthly Bitcoin production since the April halving event, despite the industry’s ongoing challenges with rising mining difficulty. On Nov. 4, Marathon Digital announced that it boosted its Bitcoin production by 2% to 717 BTC…
Bitcoin investors appear to be adopting a cautious stance as the Nov. 5 US elections approach. Following weeks of heightened interest in leveraged trading, recent data from Coinalyze shows that the leading crypto has experienced a notable decline in open interest, shedding around $2 billion over the past few days. This was…
VanEck said the Solana (SOL) network’s high user engagement and transaction volume largely reflect its low-cost, high-throughput design despite substantial revenues stemming from speculative memecoin activity. The firm’s latest analysis comes in response to speculation that Solana’s numbers are inflated by wash trading in memecoins. Many critics argue that this…
OSL Group Limited announced that its Japanese subsidiary, OSL Investment (Japan) Limited, has signed a share purchase agreement to acquire an 81.38% stake in local crypto exchange CoinBest K.K., according to a Nov. 4 press statement. This acquisition represents a significant move for OSL, marking its strategic entry into Japan’s…