Author: Digicoinvision
The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new post on X, Glassnode has talked about an Ethereum indicator from its joint report with cryptocurrency exchange Coinbase. The metric in question is the “Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as a whole are holding right now. The metric works by going through the transaction history of each coin on the network…
Nasdaq-listed Thumzup Media Corporation has approved a new treasury strategy that will allow it to hold several cryptocurrencies in its balance sheet. The company announced on July 17 that its Board of Directors has authorized the company to hold up to $250 million in cryptocurrency. The approved assets include Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Dogecoin (DOGE), Litecoin (LTC), and the stablecoin USD Coin (USDC). Thumzup stated the decision is part of a wider strategy to remain at the forefront of digital finance and expand its exposure to the crypto market. In parallel with its growing AdTech platform,…
Key Takeaways MNT surged 21% in a week, driven by whale accumulation and bullish futures sentiment. Despite RSI cooling, strong buying and positive funding rates suggest potential for further upside. Mantle [MNT] has traded within an ascending channel since its breakout from a multi-month downtrend last week. On daily charts, the altcoin surged from a low of $0.72 to a 2-month high of $0.85. After reaching these levels, MNT faced a solid rejection, leading to a retracement. As of this writing, Mantle was trading at $0.7817, representing a 21.47% increase over the past seven days. But MNT remains resilient despite…
Thumzup Media Corp. has approved plans to hold up to $250 million in crypto, expanding its treasury beyond bitcoin to include ethereum, solana, ripple, and more. Bold $250 Million Expanded Crypto Treasury Strategy Authorized by Thumzup Media Thumzup Media Corporation (Nasdaq: TZUP) has received board approval to hold up to $250 million in digital assets. […]
Crypto market watchers are warning of a potential correction as whales offload billions of dollars in Bitcoin, even as the US Senate passes three major bills aimed at clarifying digital asset regulation.A Satoshi-era whale awakened after 14 years of dormancy and moved $9.6 billion worth of Bitcoin (BTC), which he received in April and May of 2011, Cointelegraph reported on Thursday.The whale may have opted to sell due to concerns related to the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, as the “US government moves to enforce audit requirements on stablecoins,” according to Jacob King, financial…
Bitcoin exchange-traded funds (ETFs) and other institutional Bitcoin products may be reshaping a core crypto ethos rooted in Satoshi Nakamoto’s original vision. According to onchain data, Bitcoin self-custody has been steadily declining since January 2024 — the same month Bitcoin spot ETFs were approved.After nearly 15 years of growth, the creation of new Bitcoin (BTC) addresses is slowing down, while active addresses have dropped sharply from nearly 1 million in January 2024 to around 650,000 in late June, reaching levels not seen since 2019.“Since spot ETFs became available the growth rate of self-custody users has been in decline,” said on…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…
When the market starts to stir, promising coins take center stage, and right now, Cardano, AAVE, and BlockDAG are doing just that. Cardano (ADA) has bounced back sharply from under $0.60, setting the tone for a bullish run as charts support a strong Cardano price prediction. Meanwhile, AAVE’s total deposits surged to $50B, triggering a new AAVE price surge and signaling renewed interest across the DeFi space. Finally, there’s BlockDAG, grabbing attention with its unique Buyer Battles. Every day, 50M BDAG coins are up for grabs, and whatever isn’t sold gets handed to the top buyer, completely free. And with…
The securities fraud lawsuits facing Michael Saylor’s company Strategy could take years to play out — if they go anywhere at all, according to legal experts. Strategy, formerly MicroStrategy, pioneered the use of Bitcoin (BTC) as an asset reserve for corporate treasuries. The company has been since 2020 making regular purchases of Bitcoin, with over 601,550 BTC in its balance sheets and no plans to cap the accumulation.Now, Strategy has investors questioning its crypto approach. As of mid-July, at least seven law firms have filed complaints against Strategy. Many of the complaints have similar claims, echoing that the defendants overstated…
Join Our Telegram channel to stay up to date on breaking news coverage The non-fungible token market, which previously experienced a period of intense hype and rapid growth, followed by a significant downturn, is making a resurgence. The recent NFT market surge is fueled by NFTs’ shift towards practical applications and a focus on utility beyond digital art and collectibles. In recent days, the daily trading sales volume for NFTs has returned to +$20 million. Below, we have listed some of the top-selling NFTs this week: 1. Pudgy Penguins NFT Collection Pudgy Penguins, a renowned non-fungible token collection from the…