Vaibhavv Ali
The price of PEPE is currently at $0.0000096, showing a decline over the past day and week. The cryptocurrency is trading near the bottom of a Symmetrical Triangle pattern, a level that has typically provided support. However, increasing pressure from sellers suggests a potential breakdown. According to one analysis, if the price drops below this … Read more
On September 4, 2017, the Chinese government, led by the People’s Bank of China and six other agencies, issued a comprehensive ban on initial coin offerings (ICOs) and required all domestic cryptocurrency exchanges to stop operations. This directive was a response to what the government considered “unauthorized and illegal public financing activity.” The government’s notice … Read more
REX-Osprey has changed the structure of its Solana-linked exchange-traded fund to better suit U.S. investors. The fund, which was previously a C-Corporation, is now classified as a regulated investment company (RIC), a change that took effect on September 1. This new structure eliminates the issue of “double taxation”. Now, any income or gains from the … Read more
According to Bloomberg Intelligence analyst James Seyffart, the U.S. Securities and Exchange Commission (SEC) is currently reviewing a record 92 applications for crypto-based Exchange-Traded Funds (ETFs). Many of these filings, particularly for Solana and XRP, are facing deadlines in October. Solana and XRP are the most popular altcoin ETFs, with eight and seven applications respectively. … Read more
Riot Platforms, a leading publicly traded Bitcoin mining company, reported a successful period of operations. The company sold 450 of its self-mined Bitcoin, which brought in $51.8 million in revenue. The rest of its mined Bitcoin was kept, increasing its long-term holdings. As of August 31, Riot’s total Bitcoin treasury reached 19,309 BTC, making it … Read more
New data from analytics firm Alphractal suggests that Chainlink (LINK) is in a critical accumulation phase. The token’s realized price—the average cost at which all circulating tokens were last moved—is around $15, which analysts see as a strong support level for long-term investors. Large investors, including wallets holding between 100,000 and 1 million LINK and … Read more
The article analyzes the recent performance of two major memecoins, Shiba Inu (SHIB) and PEPE, noting a general lack of action in the broader memecoin market. While both coins are in a consolidation pattern, SHIB has outperformed PEPE over the last week, with a minimal loss of 0.3% compared to PEPE’s 3.7% drop. Key takeaways … Read more
BitMine Immersion Tech has solidified its position as the largest corporate holder of Ethereum (ETH) with a recent acquisition of 14,665 ETH worth $64.7 million. The purchase was executed through Galaxy Digital and brings the company’s total ETH holdings to over 1.75 million, valued at approximately $7.7 billion. This puts BitMine well on its way … Read more
Ukraine is taking a significant step to formalize its digital asset sector by advancing a new bill that would give cryptocurrencies legal status and establish a tax framework. The proposed legislation would tax crypto gains at an 18% income tax rate, with an additional 5% tax dedicated to military support. To ease the transition, a … Read more
Bitcoin’s price is facing significant challenges to its recovery due to a combination of rising global bond yields and the strengthening price of gold. These factors are creating an unfavorable environment for risk assets like cryptocurrencies. Key headwinds impacting Bitcoin include: Rising Treasury Yields: Both the U.S. 10-year and 30-year Treasury yields have risen, with … Read more