Bitwise CIO Matt Hougan said institutional interest in altcoins will surge next year due to potential regulatory clarity and the rise of exchange-traded funds (ETFs). In a new interview with Bloomberg, Hougan said institutional funding is in the early stages of expanding into other cryptocurrency assets besides Bitcoin (BTC). Hougan predicts that 2025 will be the year that institutional investors begin to include more diversity in their cryptocurrency investment strategies, just as they do in other asset classes such as stocks and bonds. “You’re already seeing it expand in practice. For example, many people were worried about the Ethereum ETF,…
Author: Crypto Flexs
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My experience of continuous passive income from cloud mining When I first heard about cloud mining, it seemed complicated; overwhelming. But to be honest, I was very eager to get a stable income without having to invest a lot of money in mining equipment and electricity consumption, so I decided to give online cloud mining a try. I found BCH Miner to be a platform that makes mining easy and profitable, even for a beginner like me. Just by signing up, I received a $10 bonus, which was a great start, and the $0.50 bonus every day was an additional…
On-chain metrics show that exchanges experienced a significant outflow of ETC worth $22.85 million. The ETC long/short ratio indicates strong bullish sentiment among traders. ETC, the native token of Ethereum Classic, is making waves with an impressive rally following a recent notable price drop. Overall market sentiment, including major assets such as Bitcoin (BTC) and Ethereum (ETH), appears to be shifting toward a price recovery following significant declines. Bullish on-chain indicators for Ethereum Classic Amid this ongoing price recovery, ETC has surged over 22%, attracting long-term holders as the price recovery enters territory where the altcoin could easily gain upward…
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Tai Mo Shan, a subsidiary of Jump Crypto, agreed to a $123 million settlement with the U.S. Securities and Exchange Commission (SEC) on December 20, accusing it of misleading investors about the stability of its TerraUSD (UST) algorithmic stablecoin before its collapse. Agreed.According to the SEC, Tai Mo Shan entered into an agreement with Terraform to purchase Terra LUNA (LUNA) at a deeply discounted price in 2021. Tai Mo Shan then purchased approximately $20 million in UST to maintain the algorithmic stablecoin’s 1:1 peg with the US dollar. . SEC Chairman Gary Gensler said of UST’s collapse:“This impact has rippled…
introductionThe cryptocurrency market is no stranger to volatility, but for passionate investors, market declines can present a golden opportunity. One cryptocurrency currently receiving attention is Solana (SOL). Its Realized Value (MVRV) ratio is undervalued, indicating it could be a potential candidate for future growth. In this article, we’ll look at what the MVRV ratio means for Solana, how to understand its signals, and actionable strategies to navigate the market for potential profits.Understanding Solana’s MVRV and why it mattersThe Market Value to Realized Value (MVRV) ratio is an essential on-chain metric that helps traders and investors determine whether an asset is…
New data from market intelligence firm Santiment shows that one of the altcoins that has enjoyed huge returns this year is rife with whale activity. In a new thread on social media platform – It is one of the leaders in terms of whale activity. Santiment also said that during the recent cryptocurrency market crash, high-net-worth investors are making moves to accumulate 10 digital assets, including VIRTUAL. “Despite the sizable cryptocurrency correction this week, several altcoins are seeing very large whale trades, indicating potential dip buying.” Other notable altcoins on the list include stablecoin issuer Usual (USUAL) and stablecoin Usual…
reporter Posted on: December 22, 2024 XRP fell again after a slight bounce in the last trading session. Whales remained in accumulation mode despite falling prices. Ripple’s (XRP) recent price drop has caught the attention of large investors as on-chain data revealed significant whale accumulation. These developments, combined with a neutral MVRV rate and stabilization of key support levels, point to a potential bullish reversal for the token. Ripple whale accumulation in earnest The whale holdings distribution chart shows a steady increase in Ripple balances among large holders. An analysis of wallets holding between 1 and 100 million XRP showed…
Top news of the week Hawk Tuah Influencer Speaks Out After Allegations of Memecoin Rug Pull Haliey Welch, the influencer behind the viral ‘Hawk Tuah’ video clip, issued a statement after her handle-bearing memecoin was quickly pumped and abandoned following its December launch. In a December 20 post, Welch said he was “fully cooperating” with lawyers representing investors in Hawk Tuah (HAWK) tokens. Cryptocurrency users filed a lawsuit against the project’s founders and partners. Welch himself was not named as a defendant in the suit. They alleged that they were involved in the promotion and sale of unregistered securities products.…
Top news of the week Hawk Tuah Influencer Speaks Out After Allegations of Memecoin Rug Pull Haliey Welch, the influencer behind the viral ‘Hawk Tuah’ video clip, issued a statement after her handle-bearing memecoin was quickly pumped and abandoned following its December launch. In a December 20 post, Welch said he was “fully cooperating” with lawyers representing investors in Hawk Tuah (HAWK) tokens. Cryptocurrency users filed a lawsuit against the project’s founders and partners. Welch himself was not named as a defendant in the suit. They alleged that they were involved in the promotion and sale of unregistered securities products.…