Author: Scott Dawson

Shiba Inu has recently become active again, but it is still not as active as it was in the past.Shiba Inu whales are slowly rebounding after a decline and the subsequent underperformance of the SHIB token, prompting more focus on on-chain metrics. SHIB had 47 major transactions on the last day, suggesting high activity from the large holders, after decreasing from its peak at 47 in the last week on June 29, proving that the whales are active again. Shiba Inu recorded a remarkable movement of 947.8 billion. It rose as high as 6 billion tokens per day. Approximately $6.24…

XRP is currently trading at approximately $0.47, while is diametrically opposed to bearish sentiment in derivatives markets, ChatGPT anticipated that the AI language model would rise to $4 if it ever breaks the long-sustained symmetrical triangle pattern. At the opening of the week, global crypto markets were in the red, with XRP, one of the most vulnerable coins of the top ten, slumping to near a week’s low of $0.46 before stabilizing at $0.476. Although XRP has been trading slightly downwards recently, ChatGPT predicts that it might go above $4 once it escapes from the symmetrical triangle, which has been…

This, together with the possible merging of Fetch AI, Ocean Protocol, and SingularityNET, has given much hope to the Crypto.com exchange’s current support statement. Indeed, Fetch AI continues to play a crucial role in driving the adoption of advanced Artificial Intelligence in Cryptocurrency, and this is even underscored by the performance of the FET coin over the last year. This is a clear indication that crypto AI is firmly entrenched in the market, given that its use recently expanded by 32%. While still in its early stages, Fetch AI sets itself apart by being an open-source architecture designed as an…

Following an intraday decline to $59,000, a well-known analyst has shared his/her opinion on BTC, claiming that the cryptocurrency will hold at the current prices. The crypto trader with almost half a million subscribers on X, known under the pseudonym Rekt Capital, posted a video urging people to buy BTC for a possible rise to $60k on the weekly chart. The analyst also points out that while the Bitcoin price cycle has been quicker in starting off in the present cycle, it has since slowed down, which means more of a conventional bull run is yet to be expected. Finally,…

Under the pressure of the Australian Securities and Investments Commission, the Australian NGS Crypto rebranded as “Hiddup,” an important shift in the company’s branding. The change from ‘Hive’ to ‘Hiddup’ was communicated by the company in order to avoid any trademark-related complications and to reduce the confusion that ensued after NGS Super sued Hive in 2022, local outlets reveal. Teaming up with the Australian Securities and Investments Commission, NGS Super sought an injunction against the crypto firm, claiming trademark infringement and having falsely represented itself as a company that is not associated with cryptocurrencies and being in the business of…

Bitcoin touched its 53-day low as miners are selling off their Bitcoin and the opening of long positions by investors is a major cause of Bitcoin’s fall to $60K, according to a Bitcoin analyst Willy Woo. A series of liquidation happens when too many investors open long positions and sell off their assets, while the price declines to avoid major loss. These phenomena cause the asset to drop in price further and affect other long positions. Speculators kept adding to new long positions, just adding more fuel for more liquidations in a cascading long squeeze. Willy Woo posted on June…

Andrew Kang, a founder, and partner at Mechanism Capital, predicted that Ethereum could drop its price to $2400 after the launch of Spot Ethereum ETFs. As per the data taken from CoinMarketCap, ETH is changing hands at $3,370, as anticipated by Kang, if it drops to $2400, the drop ratio is almost 30% from the current price. According to post on X on June 23, Kang stated that Ethereum attracts fewer institutional investors than Bitcoin. There are minimal incentives to convert spot Ether into ETF form, and the network’s cash flows are not very impressive. Kang said: How much upside…

The cryptocurrency exchange in Turkey, BtcTurk faced a cyber attack with almost $5 million in stolen funds, and Binance is assisting the exchange in this investigation. According to Binance CEO Richard Teng, cryptocurrency exchange Binance is reportedly assisting in the investigation of a malicious attack on Turkish crypto exchange BtcTurk, with over $5 million in stolen funds frozen so far. “Binance is assisting BtcTurk with investigations and have frozen over $5.3M in stolen funds so far,” Teng wrote in a June 22 X post. The exchange with active users of almost 5 million stated that the cyber attacks usually affected…

The Halving event reduced the reward of miners and now the higher operational cost is not a terrible level as said by one of the crypto analysts. “We are in a period of hash ribbon inversion, and blocks are coming in about 14 seconds slower than they should do. hat tells you that there is less hash rate online, blocks are being found slightly slower,” Glassnode lead analyst James Check aka stated in the June 21 X video. “About 5% of mining hashrate is struggling about the moment,” Check explained while talking about the amount of energy consumed by the…

Toncoin, a cryptocurrency that is issued by the Telegram messaging application, has been gradually taking its place in the crypto market, as evidenced by CryptoQuant’s recent report as one of the blockchain networks with the highest growth rates.  Despite the fact that TON is still a distant second to Bitcoin in terms of overall transaction volume, the company still appears to be poised for much further growth in the market. Quick Transactions: Small and Larbig in Cryptocurrency Velocity This is based on the fact that TON’s daily transaction volume is $5-$10 billion, significantly less than Bitcoin’s $50 billion; however, the…