Pi Coin (PI) has gone down by another 2% today and currently sits at $0.5795 as the token’s circulating supply continues to rise. PI’s performance has been a bit disappointing for early adopters as the token has retreated by 80.6% after it touched its all-time high of $2.98 in late February. Since then, selling pressure…
SOL Strategies (HODL), the Toronto-listed digital asset firm focusing on Solana (SOL), said on Tuesday it has acquired over $18 million worth of SOL tokens, using proceeds from a newly secured financing deal. The company purchased 122,524 SOL for $18.25 million at an average price of $148.96 per token, according to a press release. The…
VanEck has filed paperwork to sell shares in an exchange-traded fund (ETF) tracking crypto exchange Binance’s blockchain. The asset manager submitted an S-1 document with the Securities and Exchange Commission (SEC) on Monday for a BNB ETF, becoming the first prospective issuer to file for such a fund in the U.S. BNB is the native…
Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind the fast-rising AI code editor Cursor. The now-defunct crypto exchange, through its trading arm Alameda Research, had invested $200,000 in Anysphere during its 2022 seed round. However, bankruptcy managers sold the…
SUI momentum appears to stall at this time after skyrocketing by double digits last week. Key Support levels: $3.2, $3 Key Resistance levels: $3.4, $4.1 1. Buyers Face Key Resistance After an impressive rally, SUI made a local top of around $3.9. Since then, the price entered a correction which sent it under the key…
TL;DR Shiba Inu boasts a strong holder base, with a big chunk of its 1.5 million+ investors holding the asset for over a year. Despite a 9% weekly dip, SHIB may be primed for a rebound, fueled by a spike in token burns, the advancement of Shibarium, and rising exchange outflows. SHIB is Ahead on…
Despite Bitcoin slipping to 93,738—down 0.5% from its May 2 peak near $97,900—underlying metrics point to a potential setup for renewed strength in 2025. Institutional appetite remains firm, with spot Bitcoin ETFs drawing over 4.5 billion in net inflows between April 22 and May 2. Such sustained inflows, particularly during a consolidation period, often indicate…
Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a Layer 1 network developed by Crypto.com, for Web3 applications. The 21Shares Cronos ETP, which trades under the ticker CRON, is listed on Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2654.32, down 2.2% (-60.12) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: BCH (-0.3%) and BTC (-0.8%). Laggards: SUI (-7.7%) and AAVE…
KuCoin has pushed back against claims suggesting it lost over 77% of its Bitcoin reserves since 2023. The crypto exchange labeled the circulating figures misleading and inaccurate, emphasizing its commitment to transparency and responsible reporting. KuCoin’s falling Bitcoin reserves? The controversy stems from a report by Onchain School, a data-focused platform citing data from CryptoQuant.…