Binance’s Latest Proof of Reserves Shows Growth In User Assets Amid Significant Ethereum Transactions

On July 1, Binance released its 20th proof of reserves, showing a significant increase in user assets. User BTC holdings have risen by 4.01% since June 1, reaching 605,637 BTC. Similarly, user ETH assets saw a 1.01% increase, totaling 4.711 million ETH. However, user USDT assets experienced a decline of 2.54%, dropping to 21.51 billion … Read more

Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500

Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think … Read more

Bitcoin and Ethereum Plummet: Market Awaits Ideal Buy Opportunity Amidst Liquidation Fears

Bitcoin has recently fallen to a low of $56.7K, while Ethereum has dropped to $3.1K, prompting many traders to see this as a “buy the dip” opportunity. However, the best strategy might be to wait until the initial rush subsides. The ideal time to buy is when the market sentiment shifts to impatience and skepticism. … Read more

Whale 0x4a2 Makes A Comeback, Swaps 10B PEPE For 32.73 ETH After 10-Month Hiatus

After a 10-month period of inactivity, the cryptocurrency whale known as 0x4a2 (“dimethyltryptamine.eth”) has returned to the market. The whale recently swapped 10 billion PEPE tokens, valued at $112,000, for 32.73 ETH at a price of $0.0000112118 per token. This move is notable as 0x4a2 was among the earliest adopters of PEPE, having begun trading … Read more

Bitcoin Surges Above Key Support Level Amid Rising Demand

Bitcoin has reclaimed a crucial support level, indicating strong demand in the current price range. Of the addresses active in the past 24 hours, 237,000 have acquired Bitcoin between $61,000 and $62,600, highlighting the significant buying interest at these levels. Bitcoin is back above a crucial support level👇 Of the addresses active in the past … Read more

Ethereum Technical Analysis: ETH Surges Northbound Ahead of Anticipated ETF Listings

On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $3,457, with an intraday price range between $3,374 and $3,514. The 24-hour trading volume reached $10.35 billion, contributing to a market capitalization of $415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart highlights a strong uptrend originating around $3,348. The sharp rise … Read more

Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review

Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary … Read more

Whale Converts $PEPE To $ETH Amid Positive SEC Developments For Ethereum Spot ETF

In recent activity, the whale identified as 0x837 has made significant moves in the cryptocurrency market. Two days ago, he deposited his last 300 billion $PEPE tokens, valued at approximately $3.85 million, into Binance. This whale has since converted all his $PEPE holdings into $ETH. Just three hours ago, he withdrew 1,728 $ETH, worth about … Read more