Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating
Friday, May 3,2024,07:30
The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the horizon in the absence of a full-blown market capitulation. Related Reading: Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook Measured Retreat, Not Mass Exodus Following the price drop, CryptoQuant, a cryptocurrency analysis platform, reported roughly $120 million in liquidated long positions (bets that the price would go up). This liquidation is noteworthy, but unlike previous selloffs at the same support level, it... .. read more..
FriendTech Token Launches, Airdrop & Version 2 Go Live
Friday, May 3,2024,07:06
The much-anticipated launch of the native token for FriendTech, a pioneering Web3 social media platform, marks a significant milestone in the evolution of decentralized networking. Following months of development and preparation, the Friend token has been officially introduced and is now actively trading on its decentralized exchange (DEX) hosted on the Base network. Market data The post FriendTech Token Launches, Airdrop & Version 2 Go Live appeared first on CoinGape . .. read more..
10 Different Types of Cryptocurrencies In 2024
Friday, May 3,2024,07:06
More than 10,000 distinct cryptocurrencies are thought to exist, and the number is still rising. These coins belong to different categories based on their blockchain, features, and utility. So, in this article, we will explain the 10 top types of crypto, which contain the most famous coins in the market. The post 10 Different Types of Cryptocurrencies In 2024 appeared first on CoinGape . .. read more..
3 Solana Meme Coins with 10X Gains Potentials in May 2024
Friday, May 3,2024,07:06
Meme coins have established a unique niche for themselves. Frequently stemming from online humor or popular trends within a specific group, these assets can occasionally shock individuals with their enormous profits. As May begins, three meme coins on the Solana blockchain show high potential gains that may surprise experienced investors. Let’s explore the world of The post 3 Solana Meme Coins with 10X Gains Potentials in May 2024 appeared first on CoinGape . .. read more..
Crypto Exchange Coinbase Had a Blowout First Quarter: Analysts
Friday, May 3,2024,06:33
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said. .. read more..
Kraken’s CF Benchmarks hits 50% dominance on crypto ETF market
Friday, May 3,2024,06:31
Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s… .. read more..
Bitcoin Spot ETFs In Hong Kong Gains Attention: Bloomberg Analyst Weighs In
Friday, May 3,2024,06:30
Following a successful first-day trade of Bitcoin Spot ETFs in Hong Kong, popular Bloomberg Intelligence expert Eric Balchunas has taken center stage to analyze the historical introduction of the products in the country. Hong Kong’s Bitcoin Spot ETFs Attract Notable Inflows On Tuesday, Eric Balchunas called Hong Kong Spot Bitcoin ETFs a market for ants, […] .. read more..
Ripple sell-off alert: 200 million XRP reserved for May dumps
Friday, May 3,2024,06:26
Ripple has reserved 200 million out of the 1 billion XRP unlocked in May for its monthly sell-off. This amount … Continue reading The post Ripple sell-off alert: 200 million XRP reserved for May dumps appeared first on Finbold . .. read more..
Is Apple’s stock buyback just a patch on a sinking Titanic?
Friday, May 3,2024,06:21
Apple (NASDAQ: AAPL) not only surpassed analysts’ expectations with its earnings but also unveiled some additional pleasant surprises during the … Continue reading The post Is Apple’s stock buyback just a patch on a sinking Titanic? appeared first on Finbold . .. read more..
Top 8 best AI-based DePIN tokens
Friday, May 3,2024,06:20
DePIN which stands for decentralized physical infrastructure networks, is one of the hottest Web3 trends. Crypto investors are pouring millions into the DePIN sector, which has already hit $25 billion in market cap. These projects leverage blockchain technology to develop, maintain, and manage infrastructure to build a more decentralized and transparent system. The role of The post Top 8 best AI-based DePIN tokens appeared first on CoinGape . .. read more..
Pro-XRP Lawyers Say Ripple Will Lose Motion Against US SEC
Friday, May 3,2024,06:20
The tussle between the U.S. Securities and Exchange Commission and Ripple Labs continues, with parties now arguing over the penalty Ripple should pay the SEC for violating securities law in offering XRP to institutional investors. Ripple argued the SEC violated the court deadline as it included an expert declaration in the remedies-related brief after the The post Pro-XRP Lawyers Say Ripple Will Lose Motion Against US SEC appeared first on CoinGape . .. read more..
Coinbase Stock Analysis: Is $450 Target Achievable After Strong Earnings?
Friday, May 3,2024,06:20
Coinbase (COIN) recently reported strong first quarter earnings for FY24, surpassing the Wall Street EPS estimate by over 400%. The COIN stock jumped over 8% ahead of the earnings call. However, the after market hours showed a different picture with a 3% decline despite the robust earnings report. Will Coinbase Stock Attain The Peak Target The post Coinbase Stock Analysis: Is $450 Target Achievable After Strong Earnings? appeared first on CoinGape . .. read more..
Upbit Listing for ZETA and OMNI Leads Up to 40% Price Rally
Friday, May 3,2024,06:20
South Korea’s largest cryptocurrency exchange Upbit recently announced the listing of two altcoins Zetachain (ZETA) and Omni Network (OMNI) leading to a strong spurt in trading volumes. This has led to a strong surge in both these crypto assets with prices jumping as high as 40%. ZetaChain (ZETA) Price Jumps 40% Soon after the news The post Upbit Listing for ZETA and OMNI Leads Up to 40% Price Rally appeared first on CoinGape . .. read more..
BitMEX’s Arthur Hayes To Buy These Cryptos In May
Friday, May 3,2024,06:20
BitMEX co-founder Arthur Hayes has sparked discussions in the crypto market by disclosing his cryptocurrency investment strategy for May. Notably, Hayes, known for his bold predictions and market insights, shared his picks in a recent article titled “Mayday.” Meanwhile, his choices provide valuable insight into his outlook on the market and potential opportunities for investors looking The post BitMEX’s Arthur Hayes To Buy These Cryptos In May appeared first on CoinGape . .. read more..
XRP News: Analyst Predicts XRP To Hit $1.88 Amid Price Rebound
Friday, May 3,2024,06:20
XRP, a cryptocurrency backed by Ripple Labs, garnered significant investor interest today as its price rebounded following a noteworthy movement in the red. Intriguingly, amid this upward movement embarked upon by the Ripple-backed token, a renowned crypto analyst shared an optimistic prediction for XRP’s price ahead. The prediction, stating that XRP’s price target of $1.88 The post XRP News: Analyst Predicts XRP To Hit $1.88 Amid Price Rebound appeared first on CoinGape . .. read more..
Kraken's Indices Provider Anticipates $1B AUM in Hong Kong ETFs by 2024 End: ...
Friday, May 3,2024,06:16
CEO Sui Chung sees South Korea and Israel as the next markets to list crypto ETFs. .. read more..
Warren Buffett’s Apple stock bet boosted by $110B buyback plan
Friday, May 3,2024,06:14
For all his talk of getting rich slowly, Warren Buffett certainly saw rapid and massive returns since he first invested … Continue reading The post Warren Buffett’s Apple stock bet boosted by $110B buyback plan appeared first on Finbold . .. read more..
Carvana stock short sellers lose $3.9 billion as CVNA surges
Friday, May 3,2024,05:58
With the recent impressive surge in the price of shares of online used-car dealer Carvana (NYSE: CVNA) after the release … Continue reading The post Carvana stock short sellers lose $3.9 billion as CVNA surges appeared first on Finbold . .. read more..
US Senators cite security concerns over Iran’s crypto mining sector
Friday, May 3,2024,05:44
Iran’s cryptocurrency mining sector is under fire as United States Senators Elizabeth Warren and Angus King believes its a threat to national security. According to a letter to National Security Advisor Jake Sullivan, Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen, sent on May 1,… .. read more..
Nancy Pelosi makes $2.6 million with stocks in a day
Friday, May 3,2024,05:36
When it comes to insider trades in US politics, the Member of the U.S. House of Representatives from California Nancy … Continue reading The post Nancy Pelosi makes $2.6 million with stocks in a day appeared first on Finbold . .. read more..
CZ sentenced and SBF’s deal: April’s crypto crime round-up
Friday, May 3,2024,05:27
Do Kwon remains in a tug-of-war between the U.S. and South Korea. Meanwhile, prosecutors are continuing to clamp down on crypto mixers. April’s been a pretty significant month when it comes to crypto crime. Where else to start than with… .. read more..
Former FTX executive Ryan Salame forfeits $5.9m Bahamas mansion
Friday, May 3,2024,05:24
Ryan Salame, the former co-CEO of FTX Digital Markets, has agreed to transfer his multimillion-dollar Bahamas home as part of a plea agreement in a criminal prosecution. According to a request filed by FTX Trading Ltd and connected debtors with… .. read more..
How much should you invest monthly to reach millionaire status by 2034
Friday, May 3,2024,05:20
Becoming a millionaire is a dream for many, but it’s not an unattainable goal if you start early and invest … Continue reading The post How much should you invest monthly to reach millionaire status by 2034 appeared first on Finbold . .. read more..
Here’s how much Warren Buffett will earn from Apple’s increased dividend
Friday, May 3,2024,05:17
Regarded as one of the greatest investors in stock market history, Warren Buffett, Chairman of Berkshire Hathaway (NYSE: BRK.A), follows … Continue reading The post Here’s how much Warren Buffett will earn from Apple’s increased dividend appeared first on Finbold . .. read more..
Aave community to review small-cap stablecoins on Aave V2
Friday, May 3,2024,05:14
The Aave community is set to vote on a new proposal to remove stablecoins like USDP and GUSD from Aave V2. The Aave community is gearing up to vote on a proposal by ChaosLabs, which suggests deprecating multiple small-cap stablecoins,… .. read more..
Jack Dorsey’s Block moves to dollar cost averaging for Bitcoin investments
Friday, May 3,2024,05:10
Block, the payments firm led by CEO Jack Dorsey, has begun a dollar cost averaging (DCA) program to expand its Bitcoin holdings, per a May 2 shareholder letter. Starting in April, the company has been allocating 10% of its monthly… .. read more..
Dropbox Sign Hit With Massive Data Breach, Here’s What Happened
Friday, May 3,2024,04:59
e-signature startup, Dropbox Sign confirmed there was a massive data breach by hackers who gained access and compromised sensitive customer information. The breach enabled the hackers to gain unauthorized access to a service account that was part of the product’s back-end. What Happened and What Was Compromised? According to a data breach notification published on The post Dropbox Sign Hit With Massive Data Breach, Here’s What Happened appeared first on CoinGape . .. read more..
PEPE Vs BONK: Sell or Hodl?
Friday, May 3,2024,04:59
After a recent global crypto market crash that saw Bitcoin price fall below $60,000, the crypto community is closely monitoring the performance of meme coins; PEPE and BONK. While investors may be uncertain on whether to sell or hold onto their investments, it is crucial to conduct a thorough analysis to help make a well-informed The post PEPE Vs BONK: Sell or Hodl? appeared first on CoinGape . .. read more..
Robert Kiyosaki Portrays Crypto Market Crash As “Time To Get Rich”
Friday, May 3,2024,04:59
Renowned for his financial insights, Robert Kiyosaki, author of the bestselling book “Rich Dad Poor Dad,” recently shared his perspective on navigating the turbulent waters of the Bitcoin market. Addressing his audience through social media platform X, Kiyosaki delved into the unique opportunities that arise during market downturns. He emphasized the potential for wealth growth The post Robert Kiyosaki Portrays Crypto Market Crash As “Time To Get Rich” appeared first on CoinGape . .. read more..
Shiba Inu News: Shibarium Hits New Milestone With Bor & Heimdall Hard Fork
Friday, May 3,2024,04:59
Shiba Inu’s layer-2 blockchain Shibarium has successfully undergone a hard fork, grabbing interest from the wider crypto community. After the successful Bor hard fork, the second upgrade the Heimdall hard fork, is aimed at the Shibarium blockchain’s transaction reliability and facilitating the network’s attainment of ‘deterministic finality’. Traders reacted immediately to the hard fork and The post Shiba Inu News: Shibarium Hits New Milestone With Bor & Heimdall Hard Fork appeared first on CoinGape . .. read more..
Bitcoin ETF Outflows Rebound To $34M As ARKB Buys The Dip
Friday, May 3,2024,04:59
The U.S. Spot Bitcoin ETF outflows narrowed to $34.4 million on Thursday, May 2. This marks a significant reversal from Wednesday’s gigantic outflow of over $563 million. Moreover, the recent rebound came amid a broader market recovery as the Bitcoin (BTC) price inched closer to $60,000, rebounding from the recent correction. Bitcoin ETF Outflows Slow The post Bitcoin ETF Outflows Rebound To $34M As ARKB Buys The Dip appeared first on CoinGape . .. read more..
XRP Price: Whale Shifts 60M Coins As Ripple Files Its Motion, What’s Next?
Friday, May 3,2024,04:59
The XRP price experiences a surge of nearly 3% today, bolstering investor confidence following Ripple’s recent escrow lockup of 800 million XRP. Concurrently, attention is drawn to significant whale activity amidst ongoing developments in the Ripple vs. SEC lawsuit. Notably, the movement of 60 million XRP by a single whale to two crypto exchanges sparks speculation about The post XRP Price: Whale Shifts 60M Coins As Ripple Files Its Motion, What’s Next? appeared first on CoinGape . .. read more..
Fear Back For 1st Time Since October As Crypto Greed Takes The Backseat
Friday, May 3,2024,04:58
The luster appears to have faded from Bitcoin’s crown. After a stellar run culminating in a record-breaking price in late March, the world’s leading cryptocurrency has experienced a sharp correction, plunging investor sentiment into the abyss. This sudden shift can be attributed to a confluence of factors, with the “Fear and Greed Index” playing a […] .. read more..
Here’s how much Michael Burry is up on his Alibaba bet
Friday, May 3,2024,04:50
Though best known for his role in ‘The Big Short,’ the Michael Burry bet that has been drawing the bulk … Continue reading The post Here’s how much Michael Burry is up on his Alibaba bet appeared first on Finbold . .. read more..
Friend.Tech's Native Token Tanks to $2.5 After Debut
Friday, May 3,2024,04:42
Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform. .. read more..
Australia court sets precedent for crypto in non-cash payments
Friday, May 3,2024,04:35
Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court… .. read more..
Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook
Friday, May 3,2024,04:30
Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Related Reading: Is Ethereum Back? Record 267,000 New Users Spark Speculation Polygon’s Busy Streets: A Sign Of Growth Or Gridlock? The high traffic on Polygon’s virtual streets is undeniable. The consistent daily active addresses above 1 million suggest a thriving ecosystem. However, a closer look reveals a potential bottleneck. While the number of users has skyrocketed, transaction fees have ... .. read more..
R. Kiyosaki warns ‘the crash has begun’ and it is ‘a bad one’
Friday, May 3,2024,04:22
Amid his numerous warnings of an upcoming financial crash, famous investor and author of the best-selling personal finance book ‘Rich … Continue reading The post R. Kiyosaki warns ‘the crash has begun’ and it is ‘a bad one’ appeared first on Finbold . .. read more..
Buy Crypto In May, Go Away: Arthur Hayes Shares His Top Altcoin Picks
Friday, May 3,2024,03:20
In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends. Titled “Mayday,” his essay directly addresses the crypto market, which has experienced significant volatility since mid-April. Stealth Money Printing Is Commencing Hayes begins by noting the observable distress in the crypto markets, which he attributes to a confluence of factors including the end of the US tax season, anticipatory fears about Federal Reserve policy decisions, the Bitcoin halving event, and stagnating growth in the asse... .. read more..
Tether taps Chainalysis to track USDT activity on secondary markets
Friday, May 3,2024,03:13
Stablecoin issuer Tether has announced a partnership with blockchain forensics firm Chainalysis to develop a tool for monitoring secondary market activity. Tether is planning to enhance its oversight of the USDT market, as the firm has signed a partnership agreement… .. read more..
Jack Dorsey’s Block To Invest 10% Of Bitcoin Profits Into Monthly BTC Buys
Friday, May 3,2024,03:05
Jack Dorsey’s financial services and digital payments company, Block Inc., announced it will begin investing 10% of its monthly Bitcoin-related gross profits into BTC purchases. This announcement was made following the release of Block’s first-quarter earnings for 2024, which demonstrated substantial profits from its Bitcoin operations. Dorsey’s Block Will DCA Into Bitcoin Block reported Bitcoin-related […] .. read more..
Ryan Salame Ex-FTX Exec Relinquishes Bahamas Property in Legal Settlement
Friday, May 3,2024,03:00
Ryan Salame, previously serving as the co-chief executive of FTX Digital Markets, has reached a significant legal agreement regarding his multimillion-dollar property situated in the Bahamas. As part of a plea deal in connection to a criminal case, Salame has consented to the transfer of his Bahamian residence. This transfer forms a crucial component of The post Ryan Salame Ex-FTX Exec Relinquishes Bahamas Property in Legal Settlement appeared first on CoinGape . .. read more..
Crypto Prices Today May 3: Bitcoin Nears $60K As Ethereum & Other Altcoins Re...
Friday, May 3,2024,03:00
The top crypto prices today registered a rebound as the Bitcoin (BTC) price surged past the $59,000 level. In addition, the Ethereum (ETH) price attained the $3,000 mark, losing hold on a crucial level. Moreover, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also recovered significantly. Major Crypto Prices Today 1. Bitcoin Price The post Crypto Prices Today May 3: Bitcoin Nears $60K As Ethereum & Other Altcoins Recover appeared first on CoinGape . .. read more..
23,000 Bitcoin Options Set to Expire Today, Where Will BTC Price Swing Next?
Friday, May 3,2024,03:00
The Bitcoin (BTC) price has bounced back once again by 4% in the last 24 hours moving closer to $60,000, ahead of the weekly Bitcoin options expiry. However, the positioning of the options market shows that it could be a dull summer in the derivatives market. 23,000 Bitcoin Options to Expire Greeks.Live reports that 23,000 The post 23,000 Bitcoin Options Set to Expire Today, Where Will BTC Price Swing Next? appeared first on CoinGape . .. read more..
Michael Saylor Attacks Ethereum Calling It A Security, Disapproves spot ETF
Friday, May 3,2024,03:00
MicroStrategy executive chairman Michael Saylor has made a bold statement against Ethereum stating that the world’s largest altcoin is a crypto asset security and not a commodity. His comments regarding ETH came on Thursday, May 2, while speaking at the MicroStrategy World 2024 conference. Michael Saylor Attacks ETH In addition to attacking Ethereum and calling The post Michael Saylor Attacks Ethereum Calling It A Security, Disapproves spot ETF appeared first on CoinGape . .. read more..
Coinbase Talks About SEC Lawsuits and Political Donations In Investor Letter
Friday, May 3,2024,03:00
On Thursday, May 2, cryptocurrency exchange Coinbase (NASDAQ: COIN) announced its Q1 results with higher-than-expected revenue amid the strong run-up in the cryptocurrency market and the launch of the spot Bitcoin ETFs. Coinbase Opens Up About SEC Lawsuit Coinbase Global Inc. delved into its ongoing legal matters with the US Securities and Exchange Commission (SEC) The post Coinbase Talks About SEC Lawsuits and Political Donations In Investor Letter appeared first on CoinGape . .. read more..
Top 10 Best Crypto Presales Backed by Major Funds and Investors
Friday, May 3,2024,03:00
Crypto token presales offer one of the best investment opportunities. And when they are backed by the major funds and investors, it also enhances their profit potential. Staying aware of such presales also enables an informed decision making. This article includes the top 10 best presales backed by major funds and investors. The post Top 10 Best Crypto Presales Backed by Major Funds and Investors appeared first on CoinGape . .. read more..
Ethereum Price: Whales Move 36K ETH As Price Regains Momentum, What’s Next?
Friday, May 3,2024,03:00
Despite a weekly pullback in Ethereum’s price trajectory, the world’s second-largest crypto by global market cap has once again sparked substantial investor attention. Today, on May 3, Ethereum’s price not only regained an upward momentum but also surpassed the significant $3K mark, a positive development that has reinvigorated the market, instilling a sense of optimism The post Ethereum Price: Whales Move 36K ETH As Price Regains Momentum, What’s Next? appeared first on CoinGape . .. read more..
Will SocialFi Fizzle? Dogecoin Founder Expresses A Cynical View
Friday, May 3,2024,02:05
Social media, once a platform for cat videos and vacation photos, is undergoing a potential revolution with the rise of SocialFi. This burgeoning trend promises to merge the familiar world of social networking with the decentralized power of cryptocurrency. But is SocialFi destined to be the next big thing, or just another flash in the […] .. read more..
BASE joins meme frenzy as BRETT takes off; GFOX set to top lists
Friday, May 3,2024,01:59
Coinbase's Base sees a memecoin boom, with utility-focused Galaxy Fox (GFOX) among those thriving, following BRETT's success. #partnercontent .. read more..