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Unveiling the Bitcoin Halving Cycle: Rekt Capital’s 3 Key Phases

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According to crypto analyst Rekt Capital, the recent Bitcoin halving event remains a critical factor in shaping the cryptocurrency’s market dynamics. Taking place a little over two weeks ago, this event is believed to have a cyclical impact on Bitcoin’s price and the behavior of investors, unfolding in three discernible phases. Phase 1: Pre-Halving Retrace … Read more

Buterin Revives Hope for Encrypted Data: Is FHE the Future of Privacy?

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Vitalik Buterin, Ethereum’s co-founder, has reignited interest in Fully Homomorphic Encryption (FHE), an innovative encryption technology.  Buterin brought attention to his 2020 article titled “Exploring Fully Homomorphic Encryption,” sparking conversations about its potential to revolutionize data security. FHE’s key feature is its ability to perform calculations on encrypted data without the need for decryption, offering … Read more

MakerDAO on a Selling Spree: Unpacking $31.2 Million in MKR Sales Over 60 Days

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MakerDAO has recently conducted significant sales of its governance token, MKR, with notable transactions observed on the blockchain. According to data from Spot On Chain, MakerDAO’s Multisign 0xbba transferred 750 MKR, valued at $2.19 million, to Binance through an intermediary wallet at a price of $2,920. Spot On Chain analysis indicates that since its resurgence … Read more

Ripple v. SEC Lawsuit Update: May 6, 2024

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The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues, with Ripple filing additional support for its motion to strike new expert materials and responding to the SEC’s opposition to this motion. After the SEC opposed Ripple’s request to strike the declaration by its witness, Andrea Fox, Ripple’s legal team filed … Read more

Bitcoin Giant Awakens! Dormant Satoshi-Era Address Transfers $43.9 Million After 10 Years

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Recently, a dormant Bitcoin address, inactive for a decade and dating back to the time when Satoshi Nakamoto was actively involved, has become active again. This Bitcoin wallet, containing 687 BTC valued at $43.9 million, transferred its holdings to two different wallets on May 6. The wallet initially transferred 625.43 Bitcoin to an address starting … Read more

Ethereum (ETH) Whale Sales on the Rise: Are Big Investors Losing Faith?

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Recent data from on-chain transactions and trading activity indicate that Ethereum whales are undertaking significant sell-offs, sparking worries about their confidence in the asset’s long-term prospects. One notable instance involved a whale who, having purchased ETH at $1,890 last year, transferred 12,906 ETH ($24.39 million) from Binance to Lido. More recently, the same investor withdrew … Read more

Report Reveals Less Than 10% of Stablecoin Transaction Volume Originates from Genuine Users

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According to recent findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are deemed organic or originating from genuine individuals. Out of approximately $2.2 trillion in total transactions recorded in April, only around $149 billion were attributed to “organic payments activity” after filtering out transactions conducted by bots and … Read more

PORK, the Fork of PEPE, Faces Turmoil: A Closer Look at the Situation

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Pepe’s [PEPE] forked token, PepeFork [PORK], garnered significant attention within the crypto community as its social metrics surged. Despite the heightened social activity surrounding PORK, its price movement took a divergent path. A recent tweet from LunarCrush highlighted a noteworthy development regarding PORK, showcasing a surge in its social metrics. This spike in popularity could … Read more

Philippines Securities Regulator to Reveal Cryptocurrency Guidelines in Second Half

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The securities regulator of the Philippines is poised to introduce a regulatory framework for cryptocurrency assets and trading by the latter part of 2024. According to SEC Chair Emilio Aquino, the plans to release this framework were disclosed last week, with the aim of implementing it by the second half of the year, as reported … Read more

South Korea’s Updated Donation Laws: No Inclusion for Cryptocurrency

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According to a report by local media outlet Kyunghyang Shinmun on May 5, newly amended donation legislation in South Korea excludes digital currencies from accepted forms of donation. The Ministry of Public Administration announced that amendments to the “Donations Act” will permit various new donation methods, such as department store gift vouchers, stocks, and loyalty … Read more

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