Author: Digicoinvision
Sam “SBF” Bankman-Fried, the founder and former CEO of the bankrupt cryptocurrency exchange FTX, said his “biggest mistake” during the $8 billion collapse was handing control of the company to new management — a decision he claims cost him a last-minute opportunity to save the firm.Bankman-Fried, once the leader of the $32 billion FTX exchange, is currently serving a 25-year prison sentence for seven felony charges related to the collapse of FTX and Alameda Research in November 2022, which resulted in an $8.9 billion loss of investor funds.Looking back at the collapse of FTX, Bankman-Fried’s “biggest mistake” was handing over…
An alarming pattern of XRP whale activity has been noted, posing several questions about the sustainability of the cryptocurrency’s growth. Among the multiple questions currently being asked, one is more demanding of an immediate response: Is an XRP whale sell-off on its way? XRP Supply Surges Across Major Exchanges In an October 3rd post on the social media platform X, market analyst CryptoOnchain highlighted a recent shift in the behavior of XRP’s largest holders, the whales. The online pundit’s report was based on the Exchange Supply Ratio indicator, which tracks the proportion of XRP tokens on exchanges relative to its…
Key Takeaways Why is Solana’s $230 resistance weakening? With rotational flow absent and FOMO low, Solana struggles to push past $230 as heavy profits are realized and long clusters sit below. Could SOL see another drop before the next leg up? A flush of overexposed longs in the $200–$220 band could test support, but strong bids may clear weak hands and pave the way toward $250–$300. The market is still shrugging off the rotational bid. On-chain, investors are steering clear of altcoins, keeping risk flows capped. Supporting this, the Altcoin Season Index has fallen 4 points to 67, at press…
This week, the Ethereum Foundation decided to mix things up, cashing out 1,000 ether for stablecoins through Cowswap to bankroll research, development, and grants. The foundation pulled off the swaps over the past day, slicing the conversions into four clean, calculated transactions. Ethereum Foundation Turns $4.46M in ETH Into Stablecoins On Friday, the Ethereum Foundation […]
The cryptocurrency market still suffers from recent consolidation momentum, which sent most assets to previous lows. As pointed out today by market analyst Ali Martinez, LDO, the native token of the liquid staking protocol Lido DAO, is one of the victims facing challenges navigating strong bearish pressure in recent weeks and months. As per the data shared by the analyst, LDO has been trading in a downtrend since August, which saw its price drop from a high of $1.54 noted on August 11 to the current level at $1.2. With the Lido DAO’s market displaying weak signals, questions linger whether…
US-listed spot Bitcoin exchange-traded funds (ETFs) began the historically bullish month of October with their second-best week of inflows since launch, signaling renewed investor optimism.Spot Bitcoin (BTC) ETFs recorded $3.24 billion worth of cumulative net positive inflows over the past week, nearly matching their record of $3.38 billion in the week ending Nov. 22, 2024, according to data from SoSoValue.The figure marks a sharp rebound from the previous week’s $902 million in outflows. Analysts attributed the turnaround to growing expectations of another US interest rate cut, which has improved sentiment toward risk assets.Growing expectations of another US interest rate cut…
Digital asset treasury (DAT) companies that tokenize their stocks on the blockchain compound the risks to investors and their own businesses, according to several crypto industry executives.“Blockchains trade 24/7, whereas traditional markets have specific hours of operation,” Kadan Stadelmann, chief technology officer of the Komodo decentralized exchange platform, told Cointelegraph.Sharp onchain price movements that occur outside of traditional market operating hours could lead to a run on the stock of a treasury company that has issued both tokenized and traditional shares, without the company having sufficient time to respond to a price hit.Tokenized stocks have crossed $1.3 billion in value.…
Key takeaways: XRP (XRP) has repeatedly broken above the $3 level since its November 2024 boom, but each attempt has ended in a fakeout followed by deeper corrections.XRP/USD four-hour price chart. Source: TradingViewOn Saturday, its price once again slipped below its $3 support, coinciding with its 200-4H exponential moving average (EMA; green wave). Can the XRP price decline even further in the coming days? Let’s examine.XRP chart fractal puts 15% correction in playXRP is mirroring a bearish fractal that may trigger a 15% drop toward $2.60 in the coming days. In September, the token’s price formed a rounded top, then…
Crypto analyst Bobby revealed that the XRP price has completed a consolidation pattern, hinting at a potential parabolic rally for the altcoin soon. The analyst suggested that XRP’s price could rally to double digits once this rally occurs. XRP Price Eyes Rally To $19 As It Completes Double-Bottom Pattern In an X post, Bobby indicated that the XRP price has completed the macro double-bottom pattern, which it had spent over seven years building. The analyst’s accompanying chart showed that the altcoin is now gearing up for a rally to as high as $19 following the completion of this consolidation pattern. …
Key Takeaways What triggered OKB’s 18% price surge in the last 24 hours? A bounce from the 20-day EMA near $188 and rising retail accumulation fueled the sharp rally. What signals suggest OKB could test the $260 resistance level? Increasing Open Interest and aligned retail buying point to strong bullish momentum building toward $260. OKB [OKB] saw a sharp 18% price surge in the last 24 hours, at press time. The surge comes after the token bounced off from its 20-day Exponential Moving Average (EMA) near $188 on the daily chart. Earlier this month, OKB experienced a sharp 34% decline,…