Layer-1 blockchain Self Chain announced that it has terminated its CEO Ravindra Kumar after allegations of a $50 million over-the-counter (OTC) scam. The allegations broke on Friday with claims that Kumar was involved in a string of OTC scams including firms such as Aza Ventures, which published the allegations on Telegram. Kumar responded at the…
Ether’s ETH recent rally may be on shaky ground with one firm warning that last week’s price surge was largely fueled by speculative futures positions instead of a bump in organic demand. In a note on Monday, Matrixport opined that “leveraged traders have pushed [ETH’s] price higher in the absence of fundamental support,” adding that…
Crypto firm Unicoin has agreed to buy a 51% stake in Diamond Lake Minerals, a firm specializing in digital assets, setting the stage for a strategic rebrand and a shift into altcoin treasury. The deal, which was announced on Monday, will see Diamond Lake Minerals renamed to DiamondLake and refocussed on building a cryptocurrency treasury…
By Omkar Godbole (All times ET unless indicated otherwise) Markets are accustomed to violence in the Middle East. That, at least, is the conclusion you might draw from the way financial markets — especially oil — reacted to the U.S. airstrikes on Iran’s nuclear sites over the weekend and the threat of Iran blocking the…
The market technician known on X as Dr Cat (@DoctorCatX) has published a post that condenses years of his XRP/BTC work into one number—2,041 satoshis—and a set of time-stamped price targets that reach as high as $30 per XRP once Bitcoin hits $270,000. In the post, the analyst begins with a sharp rebuke of critics…
Sonic price rose, and Four, SPX6900, led crypto gains despite market turbulence. Top coins rebound as equities stabilise, signalling renewed investor confidence. SPX6900’s meme coin momentum underscores its volatile yet captivating market presence. The cryptocurrency market suffered massive selling over the weekend as Bitcoin dropped amid the US bombing of Iran’s nuclear sites. But as…
Key takeaways BTC continues to trade above $105k despite the ongoing Middle East crisis. Traders are focusing on today’s FOMC meeting results, which could move the markets. The cryptocurrency market has been bearish since the Israel-Iran crisis began. However, Bitcoin and other major cryptocurrencies haven’t recorded heavy losses as many would have expected. Bitcoin, the…
Key takeaways Ethereum’s ETH is trading above $2,200 after dropping to the $2,100 range on Sunday. Whales have opened $100 million worth of leveraged bets as they predict Ether to bounce back following the United States’ strike on Iran’s facilities. Whales bet big on Ether’s recovery Ether, the second-largest cryptocurrency by market cap, lost 14%…
Key takeaways AVAX is trading above $17 per coin after hitting the $15.90 mark on Sunday. Despite its recovery, AVAX could retest the $15 low before surging higher. AVAX surges 2% as broader market recovers The cryptocurrency market is having a positive start to the week following a bearish weekend. Bitcoin, ETH, AVAX, and other…
Bitcoin Magazine Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin Metaplanet has purchased an additional 1,111 Bitcoin for approximately ¥17.2 billion ($118.2 million), expanding its Bitcoin holdings amid growing corporate adoption of Bitcoin as treasury reserves. According to a company filing on June 23, the Tokyo-listed firm acquired the Bitcoin at an average price of…
