Gekocrypto Global News

Avalanche (AVAX) Set for 2025 Bull Run with $382 ATH Target Ethereum and Meme Coins in the White House? Trump’s $5.43M Crypto Portfolio Swells SEC Amends Binance Lawsuit, Alleging Wash Trading and More Up to $1.3 Billion in Ethereum From PlusToken Ponzi Scheme Set to Hit Exchanges: Analysts Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve Rock and Roll Legend Elvis Presley Immortalized as NFT Singapore heightens risk factor of exchanges to counter terrorist financing UltraShort Bitcoin ETF Offering 2x Inverse Returns Sees Record Volume as BTC Holds Above $90K Cardano Whales Keep Buying – Price Holds Above Crucial Mark Discover the Top 5 Cryptocurrency ICOs of 2024: Exciting Opportunities You Should Not Overlook FTX sues Binance and ex-CEO Zhao, claims $1.8 billion fraudulent transfer Smart Money: Data Shows Institutions ‘Buying the Dip’ After Recent Price Crash

TLDR Institutions have been buying cryptocurrency following the recent market slump, according to data from FalconX. Bitcoin trading volume is almost three times higher than Ethereum’s among institutional investors. Various types of institutional investors, including proprietary trading desks, hedge funds, and venture funds, were net buyers during the dip. The crypto market recovery coincides with a broader market sell-off that affected major stock indices. FalconX’s head of research, David Lawant, indicates that institutional investors see a positive medium and long-term outlook for crypto assets despite short-term volatility. In the wake of a significant cryptocurrency market correction that wiped out approximately...

07.08.2024

SEC Amends Binance Lawsuit, Alleging Wash Trading and More

By Mark Hunter 1 month agoMon Oct 21 2024 07:09:16 Reading Time: 2 minutes The SEC has filed an amended complaint against Binance, adding allegations of wash trading Other new claims involve the misrepresentation of investor protections on Binance.US, particularly surveillance systems that were promised but never implemented The updated filing includes more details on the extent of CEO Changpeng Zhao’s control over U.S. operations, emphasizing efforts to evade U.S. regulatory oversight The Securities and Exchange Commission (SEC) last week amended its complaint against Binance , adding additional charges involving wash trading and investor misrepresentation. The amended complaint alleges that...

21.10.2024

Ethereum Trading Volume Surges Amid Record Futures Activity And ETF Inflows

Ethereum’s trading volume has seen a significant spike in November, jumping by 85% from $3.84 billion to $7.13 billion mid-month. This surge comes as a result of increased interest in $ETH, fueled by the launch of Ethereum ETFs and a wave of post-Trump optimism in the market. Ethereum Futures Open Interest has also reached new heights, climbing to a record $21.35 billion, according to Coinglass. The top exchanges for ETH futures include Binance, Bybit, CME, and OKX, all of which have contributed to this surge in futures activity. Ethereum ETFs Recorded Net Inflows The momentum continued on November 22, when...

26.11.2024

All News

Did MicroStrategy Buy Bitcoin Over the Weekend? Rumors Point to a Major BTC Accumulation!

Michael Saylor’s MicroStrategy is once again making headlines, and this time, it’s about a potential Bitcoin buying spree that could shake the market. Rumors are swirling that the company might be poised to acquire up to 100,000 BTC, with analysts linking the move to the QQQ index rebalancing on Black Friday. What’s even more intriguing is that a major announcement could be coming as soon as Monday. Could this be the start of another massive Bitcoin push? Crypto enthusiasts are buzzing with anticipation—here’s what you need to know. A Familiar Bitcoin Buying Pattern Renowned analyst The ₿itcoin Therapist noted on...

Binance Coin hit hard: BNB loses 31%—Brace for more pain?

contributor The BNB price plunges 31% amidst a broader market crash. Widespread liquidations and outflows exacerbate the downturn. Binance Coin [BNB] has been badly affected, leading to a steep fall of 31% over the past four days. This decline was part of a wider market crash that has led to major losses for most cryptocurrencies. The global crypto market was suffering from sell-offs, and BNB was not an exception. From $634.1 per coin to $434.5, the price of this coin went down, breaking crucial support levels, thus raising fears of further declines in the future. Source: Tradingview The stochastic relative...

Tezos (XTZ) Poised For Huge Uptick: Analyst Predicts Surge to $3.95

You are here: Home / News / Tezos (XTZ) Poised For Huge Uptick: Analyst Predicts Surge to $3.95 Tezos is a blockchain platform known for its on-chain governance and energy-efficient proof-of-stake mechanism; its native token, XTZ, is showing signs of stability despite recent fluctuations. It is down around 2% over the past week but up 1% over the last 30 days, which indicates it has maintained itself rather resiliently amidst the volatile market. Currently, the price of XTZ stands at $0.772815. The cryptocurrency recorded a 24-hour trading volume of $35.49 million and conducted a market capitalization of $759.79 million. Its...

Binance Executive Released from Nigerian Custody, Money Laundering Charges Dropped

2024-10-23T15:06:18.845+02:00 W e d n e s d a y , 2 3 / 1 0 / 2 0 2 4 | 1 3 : 0 6 G M T by Jared Kirui Tigran Gambaryan has been in prison since April for allegedly laundering $34.4 million. His release was prompted by diplomatic pressures from US lawmakers and concerns over his health. Nigerian government dropped all money laundering charges against the detained Binance executive Tigran Gambaryan, local media publication Premium Times reported. The decision was revealed two days before a previously scheduled hearing, marking the culmination of months of diplomatic interventions....

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

Bitcoin hit a one-month high price, surging 5.5% over the past 24 hours. Solana rose 8%, topping $170 for the first time since early June. Crypto observers highlight the resiliency of decentralized blockchains as a malfunctioning software update caused worldwide disruptions in IT systems. The crypto rally resumed on Friday with bitcoin (BTC) notching its highest price in a month, while the world grappled with a major IT outage. BTC started rising from $64,000 during the early U.S. trading hours and broke above $67,000 later in the day for the first time since June 17. The price increase was accompanied...

Sonic Labs nears mainnet launch after completing airdrop snapshot

Sonic Labs achieves a major milestone with the creation of its genesis block, bringing it closer to the public mainnet launch. Photo: Box Mining Key Takeaways Sonic Labs completed its first block of transactions, marking progress toward its mainnet launch. Following the news, Fantom’s FTM token soared 20%, making Sonic Labs’ airdrop of 190.5 million $S tokens worth over $226 million. Sonic Labs announced its new blockchain produced its first block of transactions, marking a key step toward its mainnet launch. Genesis achieved. Block zero. Infrastructure deploying. Public soon. — Sonic Labs (prev. Fantom) 💥 (@0xSonicLabs) December 2, 2024 The...

Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K

Bitcoin traded above $60,000 on July 14 as an assassination attempt on United States presidential candidate Donald Trump sparked BTC price volatility. BTC/USD 1-hour chart. Source: TradingView BTC price spikes above $60,400 Data from Cointelegraph Markets Pro and TradingView tracked a crypto market surge as news of the attack, which Trump survived, came in. Local highs of $60,423 on Bitstamp marked Bitcoin’s BTC $58,977 highest value since July 4. Amid uncharacteristically strong performance for a weekend, traders looked to the weekly close and start of legacy market trading for proof that the rally had legs. “$60,500 reclaim would be awesome...

EthOS launches hardware device for Ethereum on-chain dApp interactions

DBS Bank has launched “Token Services” to enhance blockchain solutions for clients. Key offerings of the ‘DBS Token Services’ include Treasury Tokens, Conditional Payments, and Programmable Rewards. The services optimize liquidity management and streamline operational workflows. DBS Bank, Singapore’s largest financial institution by assets, has launched a new suite of products called “DBS Token Services,” aimed at enhancing blockchain-based banking solutions for institutional clients. This innovative initiative integrates tokenization and smart contract-enabled capabilities with the bank’s existing services, marking a significant step towards modernizing financial transactions in the digital age. The DBS Token Services The newly introduced DBS Token Services...

$3 Billion in Bitcoin and Ethereum Options Expiring Today, Market Brace For Volatility

The crypto market is bracing for a potentially wild day as $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts are set to expire today. These expirations are known for sparking sudden price swings, and traders are already on edge. Bitcoin has dropped nearly 5% in a single day, falling from its all-time high to $98K, while Ethereum has slipped to $3,890. But what happens next? Bitcoin Faces Big Expirations: Tension Builds Data from Deribit shows that 23,481 Bitcoin options contracts, worth about $2.29 billion, are expiring today. The put-to-call ratio for Bitcoin is 1.11, suggesting a slightly...

Restoring trust to BTC in 2024: Let’s start with wrapping

Restoring trust to BTC in 2024: Let’s start with wrapping Aki Balogh · 1 month ago · 4 min read Utilizing discreet log contracts ensures user-controlled, decentralized wrapped BTC, restoring faith in cryptocurrency. 4 min read Updated: Jul. 13, 2024 at 1:03 am UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. The following is a guest post by Aki Balogh, CEO & Co-founder of DLC.Link Bitcoin (BTC) entered 2023 with immense promise. Though subject to natural ups and downs, its momentum hinted at a maturing asset class poised for mainstream adoption. A year later,...

Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target

Shiba Inu (SHIB) is capturing market attention as it consolidates at a critical level following an impressive 80% rally from recent lows. The meme-inspired cryptocurrency has shown remarkable resilience, and its current price action suggests a potential breakout at an aggressive pace if it can push above key resistance levels. Top analyst InvestingHaven recently shared a technical analysis on X, highlighting SHIB’s bullish potential for 2024. According to the analysis, Shiba Inu is currently holding strong at a critical Fibonacci retracement level, a signal that aligns with its positive trajectory for the year. This level is pivotal for SHIB, as...

Altcoin Season? Not Even Altcoin’s Month Right Now

Bitcoin’s price drop generally causes both concern and celebration, but the last few instances have only been the former. The dependence of the altcoins on Bitcoin has left them impaired, resulting in a failed Altcoin Season. Where Does Bitcoin Stand? Bitcoin’s price has declined sharply by 4% over the past 24 hours, dropping to $54,300. The dip below $55,000 raises concerns among investors, as this level represents the last significant support before a potential fall to $50,900. This $50,900 target corresponds with the double top pattern observed in March and July, indicating a possible additional 8% decline. Bitcoin Price Analysis....

Bitcoin Dominance Falls: Is Now the Time to Invest in Altcoins?

You are here: Home / News / Bitcoin Dominance Falls: Is Now the Time to Invest in Altcoins? Bitcoin dominance drops 10%, signaling a shift toward altcoins as they gain momentum and market share in the coming weeks. As Bitcoin’s dominance weakens, altcoins are surging, presenting new opportunities for investors looking to diversify. With BTC dominance declining, altcoins are rising rapidly, marking a shift in market focus towards alternative cryptocurrencies. Egrag Crypto presented the Bitcoin Dominance Index demonstrating the trends and tendencies that indicate the increase of the altcoins’ dominance. As pointed out by the analyst in the recent X...

$TURBO Price Drops 11% After Team-Linked Wallet Deposits 810M Tokens To Exchanges

The price of $TURBO experienced a sharp 11% drop in the past three hours following the deposit of 810 million tokens (valued at $9.97 million) to Binance and OKX. This large transfer was made by a wallet linked to the TurboToadToken team, raising suspicions of another major sell-off. This activity follows a familiar pattern for this wallet, which has been observed receiving $TURBO from the project’s developer and token vesting contract. These tokens are typically unloaded onto exchanges at market peaks, which often leads to price declines shortly after. Recent price movements in $TURBO have been dramatic. On September 29,...

Binance HODLer Airdrop launches Movement: Here’s How to Participate

Key Takeaways: High performance and security: Move Network is a Layer-2 on Ethereum using the Move programming language to achieve high transaction speed at 30k+ TPS and best security compared to other solutions. Ecosystem: More than 60 decentralized applications have already been working on testnet, and with support from such leading investment funds as Polychain Capital and Binance Labs, Movement Network is developing a very lively and promising blockchain ecosystem. Exciting airdrop opportunities: Join the Binance HODLer Airdrops program, which joins the distribution of the MOVE Tokens , unlocking investment opportunities in this highly promising blockchain project. Introduction to Movement...

Why Kraken, Coinbase And Uniswap Are Launching Layer 2 Blockchains.

Blockchain concept of interconnected Layer 2 chains. getty The blockchain ecosystem is experiencing an unprecedented proliferation of Layer 2 solutions, with crypto giants like Uniswap launching their own chain–Unichain. Onboarding and retaining users is key for any L2 blockchain, so both Coinbase and Kraken, Tier 1 centralized exchanges, have the upper hand by tapping into their already established user bases of 8.8M and 10M in 2024, respectively, as shared by BitDegree. According to L2Beat, an analytics platform focused on L2s, there are over a hundred L2 networks with various development stages and business positioning. This surge raises important questions about...

Ethereum Celebrates 9th Birthday; Analyst Predicts Imminent Altcoin Season Could Push ETH to US$7,000

The Fear and Greed Index has fallen to 61, reflecting mixed market sentiment despite recent optimism at the Bitcoin 2024 conference. Major cryptocurrencies like Bitcoin and Ethereum recorded losses, while XRP stood out with a 7% gain. As Ethereum celebrates its ninth birthday, its price remains below previous highs, despite recent bullish forecasts and ETF launches. The Fear and Greed Index is teetering on the brink to neutral, dropping from 69 points last week to a mere 61 points at the time of writing. The index reflects a market sentiment that despite a bullish Bitcoin 2024 conference seems unsure about...

5 US Economic Events That Could Impact Crypto Market This Week

Crypto markets are closely monitoring key US economic data this week to assess the health of the nation’s economy. As the year-end approaches, critical labor market reports — closely watched by the Federal Reserve—are on the calendar. Given the potential impact on portfolios, traders may adjust their strategies around these upcoming events. ISM Manufacturing The Institute of Supply Management (ISM) will release the November ISM Manufacturing data on Monday, December 2, marking the first business day of the month. This index, also called the purchasing managers’ index (PMI), offers a monthly snapshot of US economic activity. It is derived from...

Bitcoin Cools after Q1 Speculative Frenzy, Bull Run Possible

In January 2024, the crypto speculation index surged to nearly 60%, signaling intense altcoin speculation. However, it has since dropped below 10%, indicating a potential return to Bitcoin dominance. Bull markets are known for their periods of exuberance, but these periods can’t last forever. The crypto market is no stranger to the cycle of ups and downs, and recent data suggests a potential turning point for Bitcoin (BTC). Capriole Investments’ crypto speculation index, a measure of speculative activity in the altcoin market, has shown a dramatic decline. The index tracks the percentage of alternative cryptocurrencies with 90-day returns exceeding Bitcoin’s...

$180,000 Bitcoin Incoming Before BTC Goes ‘Higher Than We All Imagined,’ Says Top Analyst – Here’s His Timeline

A widely followed analyst is leaning bullish on Bitcoin (BTC) amid the flagship’s rally of close to 50% over the past 30 days. The analyst pseudonymously known as Pentoshi tells his 821,000 followers on the social media platform X that Bitcoin could go up by around 82% from the current level. But the analyst notes that his anticipated price increase is just one stop in Bitcoin’s path to seven figures. Advertisement “Eventually one day over $1 million. If you zoom out and think bigger. Hard to do when we live day to day at times. $180,000 still in 2026 at...

$WHY Token Surges To New High, Market Cap Exceeds $100 Million

The $WHY token has recently achieved a significant milestone, reaching a new price high and surpassing a market cap of $100 million. Currently trading at $0.0000002483, $WHY boasts a market cap of $104.27 million. In recent activities, new wallets have been created to purchase $WHY using $BNB withdrawn from Binance. A wallet identified as “0x6387” withdrew 83.5 $BNB (approximately $50,000) from Binance to acquire 208.23 billion $WHY tokens. Similarly, another wallet, “0x35bD,” withdrew 55 $BNB (around $33,000) from Binance to purchase 140.56 billion $WHY tokens. BNB Chain Contributed $200,000 In $BNB Liquidity For $WHY Over the past six days, the...

Bitcoin back at $55,000 after 8.5% recovery, ETF investors show “diamond hands”

Spot Bitcoin ETFs see record $5 billion trading volume, yet outflows remain minimal at 0.3% of total assets. Key Takeaways Bitcoin rebounds 8.5% to $55,000 as ETF investors show strong holding behavior. Spot Bitcoin ETFs experience record $5 billion trading volume with minimal 0.3% outflows. Bitcoin (BTC) is back at the $55,000 price level after a sharp 8.5% recovery over the past 24 hours. Spot BTC exchange-traded funds (ETF) investors’ activity has shown resilience so far, with ETFs such as BlackRock’s IBIT registering zero outflows on Aug. 5. Major altcoins registered even larger movements, such as Solana’s (SOL) 21.4% growth...

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Smart Money: Data Shows Institutions ‘Buying the Dip’ After Recent Price Crash