Cryptocurrencies

CryptoQuant analyst Woo Mingyu believes that large Bitcoin (BTC) holders have finished selling off and turned the trajectory of their supply upward, triggering a price rebound to $65,704.89. By his estimate, the transfer of coins from less resilient holders to whales is fully complete. The key signal is a reversal in the supply of large holders. According to Woo Mingyu, on June 14 a twelve-day decline in aggregate

Over five days, the owner of address 0xa2e8 made just 10 ETH trades, playing now long, now short, and closed nine of them at a profit. The cumulative result was about $4.93 million, with a win rate reaching 90%. Right now the trader is sitting in a large short: 17,000 ETH for $29.2 million at 20x leverage via cross-margin, and this comes after

Between June 8 and 14, Strategy acquired 1,587 BTC for $100 million at an average price of $63,024 per coin. After the deal, the firm's total reserves reached 846,842 BTC. The market value of the portfolio is estimated at $56.6 billion, equivalent to 4% of the asset's total supply. Source: BitcoinTreasuries. To buy the coins, the company used proceeds from the sale of […]

Singapore is launching a large-scale program to become the main hub for gold trading in Asia. Six of the world's largest banks have backed the idea, joining the creation of a new clearing system for physical gold stored on the island. In doing so, Singapore is entering into direct competition with Hong Kong, where its own clearing for the leading precious metal is planned for July. On Monday, June 15, the Deputy Prime Minister

BitMine Immersion Technologies, the largest public holder of Ether, last week bought an additional 76,881 ETH worth more than $135 million, bringing the total amount of the asset in its reserve to 5,620,754 coins. Their total value now stands at about $10 billion. Thanks to this purchase, the company has moved closer to the goal of its "Alchemy of 5%" plan — to capture 5% of […]