Latest news from the Web3 ecosystem
Bitcoin's price chart is displaying patterns reminiscent of previous historical cycles, suggesting that the cryptocurrency's downturn may not yet have reached its nadir. Analysts are closely monitoring these formations for signs of further price depreciation.
A New York judge has denied Binance's request to move certain US investor claims against the crypto exchange to private arbitration, allowing these disputes to proceed in public court.
Major cryptocurrencies like Bitcoin, Ether, and Solana have experienced a downturn. Meanwhile, Decred and AI-linked tokens are seeing upward momentum as traders adjust their positions.
Bitcoin faces potential continued headwinds in March, as historical trends and current price resistance levels suggest a prolonged downtrend may persist.
Marathon Digital and CleanSpark saw significant pre-market gains following Q4 earnings, contrasting with CoreWeave's dip amidst mixed sector performance.
Eight wallets on Polymarket allegedly profited $1.2 million by betting on the outcome of ZachXBT's investigation into Axiom, sparking discussions about potential insider trading within the crypto space.
AllUnity, a German firm, has launched a regulated stablecoin backed by the Swiss franc. This move aligns with market expectations of the franc's appreciation.
US spot Bitcoin ETFs experienced their largest weekly inflows in six weeks, adding $1.1 billion over three days. This surge aligns with a rebound in Coinbase Premium, indicating increased US investor interest.
Spot Bitcoin ETFs experienced a significant surge in investor confidence, attracting $1 billion in net inflows over three days following a period of outflows. BlackRock's IBIT fund spearheaded this influx.
TeraWulf announced Q4 losses of $1.66 per share, driven by a decline in Bitcoin mining revenue. However, significant new contracts signal potential for future expansion.
Bitcoin miner Marathon Digital Holdings has announced a significant quarterly loss of $1.71 billion, primarily due to Bitcoin fair-value markdowns. The company is also pivoting towards AI and high-performance computing infrastructure.
Large Bitcoin ETF holders and treasury firms are proactively purchasing protection against potential price drops below the $60,000 mark, indicating a cautious market sentiment.