Author: Digicoinvision
Bitcoin fell to its lowest levels since July 8 after Wall Street opened on Friday, with prices sliding and traders scrambling to reassess short-term plans. According to CoinGlass, 24-hour crypto liquidations neared $540 million as selling pressure intensified on major exchanges. Related Reading Whales And Exchange Distribution Pressure Based on reports from market watchers, heavy selling by large holders helped push the drop. Distribution on Binance was highlighted by traders as a key factor that worsened losses. Bitcoin lost nearly 5% on the day, and some large accounts were linked to the wave of sales that triggered stop orders and…
Bitwise Chief Investment Officer Matt Hougan said Solana could soon set new all-time highs, mirroring Bitcoin and Ethereum’s record runs earlier this year.Hougan argued that SOL is set to benefit from the same forces that propelled BTC and ETH to new highs this cycle, namely exchange-traded fund (ETF) inflows, large capital firms entering the market, and simple, compelling narratives that resonate with investors.He wrote in a social media post:“The formula is simple: ETF fund flows + fund companies + a simple story = all-time highs. It applies to Bitcoin, it applies to Ethereum, it applies to Solana.”Path to institutional adoptionSolana,…
Key Takeaways On 29 August, HBARs’ price slipped by 4.75% to $0.2290, with shorts climbing to $2.96 million. A descending triangle threatened a 20% drop though. Can $3.18 million outflows truly offset short dominance? Hedera [HBAR] has been trading sideways for the last seven days. At the time of writing, its price charts hinted at potential downside in the near term though. In fact, the broader market sentiment has remained weak. Especially since major assets such as Bitcoin [BTC] and Ethereum [ETH] also fell over the last 24 hours. The negative outlook across the crypto market appeared to influence HBAR, pushing it towards…
Join Our Telegram channel to stay up to date on breaking news coverage Crypto asset manager 21Shares has filed for a spot Sei (SEI) ETF (exchange-traded fund), joining a wave of 92 firms that Bloomberg says are rushing to launch crypto ETFs. According to an S-1 registration statement filed with the Securities and Exchange Commission (SEC), the proposed SEI ETF will tap crypto price index provider CF Benchmarks to track the altcoin’s price using data from various crypto exchanges. Coinbase Custody Trust Company would act as the proposed fund’s custodian. 21Shares also floated the idea of staking SEI to generate…
Spot Bitcoin and Ether ETFs recorded outflows on Friday as the Federal Reserve released key inflation data showing price pressures are creeping higher under President Donald Trump’s trade policies.According to SoSoValue data, Ether (ETH) ETFs saw a net outflow of $164.64 million, reversing five straight days of inflows that had added more than $1.5 billion to the asset class. Bitcoin (BTC) ETFs also turned negative with $126.64 million in net outflows, their first daily loss since Aug. 22. Total assets under management dropped to $28.58 billion for Ethereum and $139.95 billion for Bitcoin.Fidelity’s FBTC recorded the steepest single-day outflow at…
The DAO, though not a product developed by the Ethereum Foundation, has been a hot topic as of late, both internally in the organisation as well as within our community. The Hard Fork is a delicate topic and the way we see it, no decision is the right one. As this is not a decision that can be made by the foundation or any other single entity, we again turn towards the community to assess its wishes in order to provide the most appropriate protocol change. The specification proposed for the hard fork that is being implemented in the Geth client is…
Cryptocurrency adoption is growing faster than ever in 2025, and one of the biggest trends shaping the industry is mobile Bitcoin mining. With the rise of smartphones and cloud-based apps, anyone can now mine Bitcoin on the go, eliminating the need for expensive hardware, high electricity costs, or advanced technical skills. This new approach allows users to get free BTC at no cost through cloud mining platforms that handle the heavy lifting. By simply connecting through a mobile app, miners can start earning Bitcoin passively—whether they are at home, at work, or on the go. One of the most trusted…
Spot Bitcoin and Ether ETFs recorded outflows on Friday as the Federal Reserve released key inflation data showing price pressures are creeping higher under President Donald Trump’s trade policies.According to SoSoValue data, Ether (ETH) ETFs saw a net outflow of $164.64 million, reversing five straight days of inflows that had added more than $1.5 billion to the asset class. Bitcoin (BTC) ETFs also turned negative with $126.64 million in net outflows, their first daily loss since Aug. 22. Total assets under management dropped to $28.58 billion for Ethereum and $139.95 billion for Bitcoin.Fidelity’s FBTC recorded the steepest single-day outflow at…
More than 51,000 traders incurred losses on Kanye West’s recently launched memecoin, highlighting the potential risks of trading celebrity-endorsed tokens with no intrinsic technological utility.The Kanye West-linked YZY token was launched on the Solana blockchain on Aug. 21. It rallied 1,400% within the first hour before losing over 80% of its value. Of the 70,200 traders who invested in the celebrity-endorsed token, more than 51,800 realized losses, with three traders losing over $1 million, according to blockchain data platform Bubblemaps.“Meanwhile, 11 wallets made $1M+,” wrote Bubblemaps in a Wednesday X post.Amid large-scale losses from the majority of the token’s traders,…
The Bitcoin price has experienced a notable downturn, with the market’s largest cryptocurrency retracting 8% in the monthly time frame. This decline has sparked significant criticism on social media, particularly against the crypto exchange Binance, which some investors accuse of contributing to the current market slump. Binance Behind The Bitcoin Price Slump? Market analyst DeFitracer shared insights on social media site X (formerly Twitter), questioning why the market is experiencing a sell-off despite what he describes as an oversaturation of positive catalysts. These include record inflows into crypto exchange-traded funds (ETFs) and anticipated interest rate cuts by the Federal Reserve…