According to the data, XRP whales did not participate in the overall market sell-off. Long-term holders also refrained from selling, suggesting that the token price could rebound. Despite the market being so depressed, Ripple (XRP) whales decided not to fan the flames. Instead, they decided to buy more tokens. According to Santiment, addresses holding more than 1 billion XRP tokens accounted for approximately 39.81% of XRP holders in mid-June. However, at the time of writing, that percentage had increased to 41.46%. Big business provides an escape route For the group of 1 million to 1 million, the balance increased from…
Author: Crypto Flexs
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Leading cryptocurrency exchange Binance has announced support for the Galxe (GAL) token swap, revaluation, and rebranding to Gravity (G). According to the official announcement, this transition involves several important dates and actions for users holding GAL tokens. Key Dates and Tasks At 03:00 (UTC) on July 15th, 2024, Binance will delist all existing GAL spot trading pairs, including GAL/.BitcoinCancel all GAL/USDT, GAL/TRY, and pending GAL spot trading orders. After that, trading for the new G/USDT and G/TRY pairs will open at 08:00 (UTC) on July 19, 2024. Deposits and Withdrawals Deposits and withdrawals of GAL…
Cryptocurrency markets have seen more than $665 million liquidated in the past 24 hours, with Bitcoin under massive selling pressure while Mt. Gox continues to move to pay out.Bitcoin Bitcoin -7.60% At the time of publication, it had fallen 7.4% over the last 24 hours to $54,422. Bitcoin price page on the block. The price drop occurred after a cryptocurrency exchange was closed. Moved about $2.7 billion worth of Bitcoin. We are preparing to make payments to our creditors starting early this month.A total of 230,541 traders were liquidated over the last 24 hours, bringing the total liquidation volume across…
A meme coin themed after Kamala Harris gained nearly 250% on Thursday, as pressure mounted on President Joe Biden to drop out of the presidential race following his poor debate with Donald Trump.According to Dex Screener, Kamala Horris (KAMA), a deliberately misspelled Solana token marketed with a crappy cartoon of the US Vice President, has seen its market cap increase from $3.5 million at the time of the June 27 debate to nearly $11.9 million.The price is down from its market cap all-time high of $22.2 million recorded on July 3.Citing seven senior sources from the Biden campaign, the White…
Binance, a major cryptocurrency exchange, recently announced that it will delist several margin trading pairs starting at 06:00 (UTC) on July 8, 2024.Details of deleted pairsThe affected pairs are:Cross Margin: DGB/BTC, TLM/BTCIsolated Margin: DGB/BTC, TLM/BTC, VOXEL/BTCAccording to the announcement, Binance will stop segregated margin borrowing for these pairs on July 7, 2024 at 06:00 (UTC). The delisting process includes closing users’ positions, performing auto-fills, and canceling all pending orders for the specified pairs. Users are advised to close positions and transfer assets from their margin wallet to their spot wallet before margin trading is suspended…
Bitcoin Bitcoin -7.36% The price fell below $57,000 after the cryptocurrency exchange Mt Gox closed on Thursday night. Almost 47,229 BTC moved (USD 2.71 billion) was transferred to another wallet address.The largest cryptocurrency fell 3.45% over the last 24 hours to trade at $56,851. Bitcoin price page on the blockAt approximately 8 p.m. ET, the now-defunct cryptocurrency exchange Mt Gox moved $2.71 billion worth of bitcoin from cold storage to an address.Cryptocurrency traders are watching Mt Gox’s payment updates closely. Movements made by the US and German governmentsIt is one of the countries with the largest holdings of Bitcoin.In late…
Solana Leading the cryptocurrency market crash. Bitcoin Monthly Reach low. Bear Indicators reveal Selling signal For ~ brush. Despite promising high returns, altcoins are notorious for their volatility. One of them is Solana, which has seen significant ups and downs in recent years. SOL is currently leading in daily losses after an impressive year-to-date performance, with gains of nearly 600%. Spurred by the significant decline in Bitcoin price, Solana is showing a worsening trend. Looking at the technical aspect, it can be seen that the market outlook for the token’s near future is not good. Solana falls along with the…
According to arkhamintelligence.com, Arkham Intelligence has announced a significant partnership with Turkish Süper Lig champions Galatasaray. The collaboration aims to improve the sports sector by leveraging blockchain analytics, with a particular focus on improving transparency and data-driven decision-making. Strategic Cooperation The partnership between Arkham Intelligence and Galatasaray will bring innovative blockchain solutions to the forefront of the sports industry. By integrating Arkham’s advanced analytics platform, Galatasaray aims to leverage the power of blockchain technology to optimize various aspects of its operations, from player performance analytics to fan engagement strategies. Enhance transparency and decision-making One of…
After briefly reaching $63,800 on July 1, the Bitcoin (BTC) price took a significant downtrend, hitting a low of $56,746 on July 4. This three-day decline represents an 11% drop from its all-time high, and despite efforts to reclaim support at $58,000, the price is still 21.5% below its all-time high of $73,757 recorded on March 14.Nonetheless, demand for Bitcoin derivatives and stablecoins in China suggests that traders are not ready to give up, suggesting the bull market is likely to continue into 2024.S&P 500 and gold near all-time highs as bitcoin price plungesThe S&P 500 hit a new all-time…
Cryptocurrencies have ushered in a new era of digital finance, offering unprecedented opportunities for investors. However, this new frontier is not without its challenges, particularly when it comes to regulation and taxation. The IRS has recognized the growing influence of cryptocurrencies and has stepped up efforts to ensure compliance and proper reporting. This crackdown has significant implications for investors who must navigate an increasingly complex landscape to avoid huge fines and legal issues.Investors need to be informed and proactive as the IRS’s focus increases. Understanding the IRS’s stance on cryptocurrency taxation and the steps required to comply can help mitigate…