Category: Crypto

The institutionalization of cryptocurrencies is accelerating rapidly. Crypto derivatives exchange Deribit’s on-demand liquidity tool, the Deribit Block Request-for-Quote (RFQ) interface, has registered a cumulative trading volume of over $23 billion in less than four months since its debut in early March. Deribit is a prominent derivatives exchange, offering the world’s largest options market for traders…

The number of whale wallets holding large amounts of XRP XRP has increased to a record high in a sign of confidence in the cryptocurrency’s price prospects. “There are now over 2,700 whale & shark wallets holding at least 1M XRP for the first time in the asset’s 12 plus year history,” blockchain analytics firm…

On-chain data shows the exchange inflows related to the stablecoins USDT and USDC have seen a sharp plunge. Here’s what this could mean for Bitcoin and other cryptocurrencies. Stablecoin Exchange Inflows Have Dropped Below Yearly Average In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the…

Ethereum (ETH) is attempting to retest the local range highs following last week’s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move. Ethereum Eyes Range High Resistance Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of…

Social media giant X suspended Pump.fun’s official account and co-founder Alon Cohen’s personal handle on June 16, alongside other memecoin-related platforms including GMGN, Bloom Trading, BullX, ElizaOS, and more earlier on Tuesday. The platform issued no reason, triggering speculation about internal policy enforcement or wider regulatory intervention, but sparked grapevine talk in crypto circles of…

Dogecoin (DOGE) climbed 4.29% over the past 24 hours, rising from $0.173 to $0.180, as broad market liquidations swept through the crypto market during the Israel–Iran conflict. The token broke key resistance at $0.177 on above-average volume and held firm near new highs despite intensifying global uncertainty. News Background The Israel–Iran escalation triggered a wave…

Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support. ADA price started a fresh decline below $0.70 and $0.680. The price is trading below $0.680 and the 100-hourly simple moving average. There is a key bullish trend line forming with support…

The crypto market has been experiencing a rebound during today’s session with Ethereum showing strong momentum. The second largest crypto by market cap has been trending sideways displaying an increasing selling pressure on higher timeframes, but today ETH holders seem hopeful of further gains. At the time of writing, Ethereum is trading at around $2,600…

XRP price started a fresh increase above the $2.20 zone. The price is now correcting gains and might find bids near the $2.2150 zone. XRP price started a decent upward move above the $2.20 zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a key bullish trend line…

Crypto asset investment products experienced another challenging week as capital outflows continued for a second consecutive period. According to the latest report from CoinShares, a total of $584 million exited crypto-focused investment vehicles, pushing the two-week cumulative outflows to $1.2 billion. This movement coincides with investor uncertainty surrounding the likelihood of interest rate cuts by…