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1Stablecoin expansion could drive the next cryptocurrency rally: CryptoQuant2MicroStrategy Raises Preferred Stock Offering from $250M to $584M3Stablecoin Expansion to Drive the Next Crypto Rally as Market Cap Hits $200B: CryptoQuant
‘Earn & Burn’ Could Push FET and ASI Alliance to New Highs
Over the past week, the token experienced a 10% decline, mirroring broader market volatility.
CryptoNews·2024/11/17 06:11
XRP rises over 20%, spurred by favorable regulatory environment, ETF filing
The price of Ripple’s XRP token has rocketed up over 20% in the past 24 hours, likely buoyed by hopes of a favorable regulatory environment and the resolution of its long-running legal battle with the SEC.21Shares recently filed for an XRP ETF, hoping to bring a fund to market in the likeness of its spot Bitcoin and Ethereum ETFs.
The Block·2024/11/17 02:26
Making Bitcoin a US reserve would boost its price into the millions
HappyCoinNews·2024/11/17 01:44
Goldman Sachs Holds $710 Million in Spot Bitcoin ETFs
HappyCoinNews·2024/11/17 01:44
Shiba Inu Price to Increase 90% as Burn Rate Increases
HappyCoinNews·2024/11/17 01:44
Dogecoin Investors Drop Class Action Lawsuit Against Elon Musk
HappyCoinNews·2024/11/17 01:44
VanEck: Solana ETF launch highly likely in 2025
HappyCoinNews·2024/11/17 01:44
Growing Legislative Support Accelerates Efforts to Hold Bitcoin in National Reserves
Cryptonewsland·2024/11/17 01:00
Top Upcoming Unlocks This Week: Web3 Projects to Watch for Maximum Profit
Cryptonewsland·2024/11/17 01:00
Bitcoin Exchange Reserves Drop Raise Speculations About Future Price Rally Potential
Coinotag·2024/11/17 00:33
Flash
- 16:49A certain address purchased 151.3 WBTC two hours ago, and has so far spent $228.5 million to increase holdings in WBTC and ETHAccording to on-chain analyst Yu Jing, a certain whale/institution has been buying and hoarding WBTC and ETH since December 2022. In the past two hours, it spent another 15 million USDT to buy 151.3 WBTC at a price of $99,124 each. So far, this whale/institution has spent a total of 228.5 million USDT purchasing BTC and ETH, with current unrealized gains reaching as high as $93.89 million: they bought 2,687 WBTC for $178.8 million USDT at an average price of $66,570; they also bought 17,792 ETH for $49.63 million USDT at an average price of $2,790.
- 16:47CryptoQuant CEO: Meme coins with practical use and mature systems may emerge in the futureCryptoQuant CEO Ki Young Ju posted on platform X, stating that although he is not a fan of Meme coins, he still believes they have potential value. The current phenomenon of Meme coins is similar to the original collective consciousness. These communities operate in ways similar to shared belief systems and may evolve from "shamanic movements" into more structured belief systems. Harmful Meme communities should be rejected, while those promoting positive spiritual energy can receive support. Although the value of Meme coins is limited at this stage, in the long term, Meme coins with practical uses and mature systems may emerge. In the future, religious organizations, charities, and non-governmental organizations may issue socially valuable Meme coins to provide new social and economic models for internet communities.
- 16:42Data: The funding rate of mainstream exchanges has turned negativeAccording to Coinglass data, as the price of Bitcoin continues to probe lower, the funding rate of perpetual contracts on mainstream exchanges has turned negative, reflecting a bearish shift in market sentiment. Analysts point out that a brief negative turn in Bitcoin's funding rate often signals the formation of a "local bottom". Historical data shows that when the funding rate turns from positive to negative, it is often accompanied by leverage liquidation and changes in market sentiment. However, this signal needs to be combined with other technical indicators for comprehensive judgment and cannot simply be regarded as a market bottom signal.