Last week witnessed the departure of $500 million worth of ETH from exchanges – implications for Ethereum explained.

Ethereum is presently valued at $2,290, showing a slight uptick of $0.17 over the past week. While exhibiting limited activity and hovering around the $2,300 mark for the majority of the week, insights from on-chain data regarding outflows shed light on the prevailing sentiment among traders. According to statistics provided by IntoTheBlock, decentralized exchanges witnessed…

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Experienced analyst forecasts upcoming price movements for Bitcoin and various altcoins in the months ahead.

In his statement, seasoned cryptocurrency analyst Michaël van de Poppe addressed the prices of Bitcoin and altcoins. Renowned cryptocurrency analyst Michaël van de Poppe recently divulged his forecasts for the trajectory of Bitcoin and altcoins in the forthcoming months in his latest update. Per the analyst’s insights, Bitcoin’s price is anticipated to undergo a consolidation…

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How can one cultivate the Diamond Rewards from Magic Eden in anticipation of the NFT Token Airdrop?Magic Eden’s Diamonds program offers rewards to Solana NFT traders dating back to 2021, alongside an upcoming token airdrop.

Magic Eden’s Diamonds program offers rewards to Solana NFT traders dating back to 2021, alongside an upcoming token airdrop. Here’s how to maximize your benefits from both.   Magic Eden has recently introduced a cross-chain rewards initiative, incentivizing engagement with its widely-used NFT marketplace across Solana, Bitcoin, Ethereum, and Polygon, while also presenting opportunities linked…

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As Anticipated: Coinbase Halts Trading for Bitcoin Clone Altcoin! Users’ Assets Liquidated

Coinbase announced in a statement that it will cease its support for the altcoin imitating Bitcoin. In an official statement, cryptocurrency exchange Coinbase declared the cessation of its support for the Bitcoin SV (BSV) altcoin on its platform. Previously, the exchange had communicated its intention to discontinue support for this particular altcoin and urged users…

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Hong Kong Advances Crypto Regulation with New Framework for OTC Trading Platforms

Hong Kong has unveiled plans to introduce a regulatory framework for over-the-counter (OTC) cryptocurrency trading platforms, signaling a significant step toward enhancing transparency and security in the digital asset market. The Financial Services and the Treasury Bureau (FSTB) is set to release a consultation document, with the primary objective of regulating OTC platforms to mitigate…

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Upbit’s Altcoin Surge: Unusual Trading Volumes Signal Market Buzz

Upbit, South Korea’s largest cryptocurrency exchange, has reported significant upticks in trading volumes for various altcoins. As the second-largest crypto exchange globally, after Binance, Upbit’s recent data highlights notable increases in the trading activity of specific tokens: 1. Axie Infinity (AXS): Upbit recorded a substantial 513.19% surge in one-hour trading volume, reaching $196k compared to…

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SHIBA INU TEAM BEGINS TESTING OF AUTOMATED SHIB TOKEN BURN MECHANISM

A crucial update on the development of Shibarium’s automated SHIB token-burning mechanism has been provided by RagnarShib, a team member of the Shiba Inu ecosystem. The testing phase for the Shibarium burn mechanism has officially commenced, taking place on Puppynet, the testnet version of the Layer 2 (L2) scaling solution. This progress represents a significant…

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Diving into the Solana Meme Coin Craze: Exploring the Potential Rise of Bonk Inu, dogwifhat, and Myro in 2024.

Solana-based meme coins like Bonk Inu, dogwifhat, and Myro are gaining traction, riding on the success of the Solana (SOL) blockchain’s recent surge. These meme coins, including Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have witnessed significant growth and are capturing the attention of investors. In this context, we sought insights from ChatGPT to…

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Miners Sell $600 Million Worth Of BTC In Two Days

Despite Bitcoin’s recent recovery above $43,000, on-chain data reveals that miners are actively offloading their BTC holdings, potentially signaling a selloff ahead of the upcoming halving event in April. The “miner reserve,” a metric tracking the total BTC held in miners’ wallets, has experienced a notable decline, indicating a potential increase in selling pressure. Over…

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