The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche blockchain, which accrues profits generated from Republic’s wide-ranging investment portfolio and services. Republic has attracted over three million investors and has deployed over $2.6 billion into various ventures, including the likes of Web3 firms Avalanche, DappRadar and Dapper Labs.Continue Reading on Cointelegraph More
Despite past regulatory challenges, including an $18.5 million settlement with the New York Attorney General and a $41 million fine from the Commodity Futures Trading Commission (CFTC) in 2021, Tether has continued to see growth in the circulation of its USDT stablecoin. It has now surpassed the circulation of its main competitor, USDC.In an effort to bolster confidence among users and regulators, Tether’s new CEO Paolo Ardoino has made a forward-looking announcement. Starting in 2024, Tether plans to enhance its transparency by publishing real-time data on its reserves. This move is seen as an attempt to address ongoing concerns about the backing of USDT and provide assurance to the market regarding the stability and reliability of one of the most widely used stablecoins in the world. The cryptocurrency community is closely watching these developments, as increased transparency from major players like Tether could have significant implications for the industry’s relationship with regulators and investors alike.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
A whale, known to have narrowly avoided the FTX/Alameda crash by timely withdrawing ETH from the exchange, executed a sale of 6,099 ETH for 12 million USDC at a price of $1,964 per ETH, pocketing approximately $14.3 million. This transaction, occurring just fourhours ago, has raised questions among the trading community: is this whale’s trading pattern worth emulating?Reviewing the whale’s historical activity since December 2022 reveals a series of 22 buy and sell actions, suggesting a strategic approach to trading. However, it is crucial to note that the whale does not consistently buy at the lowest and sell at the peak prices. Instead, they exhibit a pattern that sometimes involves buying and selling in quick succession, regardless of significant price fluctuations, indicating a complex that may factor in more than just immediate market prices.This behavior indicates a level of risk-taking and a nontraditional strategy that may leverage market sentiment, news or other indicators not immediately apparent to the average trader. The whale’s approach, while lucrative in some instances, also comes with its own set of risks, as rapid trading amid volatile price movements can lead to unpredictable outcomes.The community is often tempted to mirror the trades of these whales under the assumption that they have access to privileged information or superior market insights. However, the unpredictable nature of these “weird moves” suggests that copying such trading patterns without a deep understanding of the whale’s strategy could be precarious.The Ethereum market remains vibrant and fluid, with significant trades by whales adding to the complexity of market dynamics.This article was originally published on U.Today More
According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange tokens, circumventing financial regulations. The case has been ongoing since October 2018, when the former chair allegedly defrauded 100 billion won ($70 million) during negotiations for the acquisition of Bithumb from Kim Byung-gun, chair of the cosmetic surgery company BK Group. Prosecutors claim Lee knew about challenges in the BXA token listing but didn’t disclose it to Kim. Despite listing issues, Lee purportedly received payments without informing Kim about the decision not to list the BXA token.Continue Reading on Cointelegraph More
However, hardware wallet manufacturers need to overcome several challenges to compete effectively with software-based Web3 wallets. Unlike their software counterparts, hardware wallets require an upfront purchase and can be complex to use, especially for beginners. Additionally, like any physical wallet, hardware wallets are vulnerable to real-world security risks such as theft or structural damage — just like any physical wallet.Continue Reading on Cointelegraph More
Beyond the performance of Bitcoin (BTC), there is a subtle twist taking place on the BTC network, as by crypto analytics platform, Santiment. According to the platform, Bitcoin’s wallets have recorded massive fluctuations over the past few months, and the market has been largely erratic.In a dramatic twist, addresses with less than one Bitcoin have flooded the network, as holders with one to 100 units flatten out. As Santiment observed, Bitcoin wallets holding more than 100 BTC units are in the middle of what looks like a profit-taking campaign. The data shows that small Bitcoin addresses have hit a new high, with over 1.5 million more of these holders emerging in the past month. Those within the 1-100 Bitcoin cadre have lost 118 addresses over the past month, and large wallet holders with over 100 BTC have seen 19 addresses removed within the same time span.This highly anticipated product with a 90% is considered the predominant channel for institutional investors to make their way into the Bitcoin ecosystem. This event will also help take the price of Bitcoin to , with many it might usher in the next major bull market cycle.This article was originally published on U.Today More
The “max pain point” — the price level at which the most options would expire, worthless — is currently $36,000 for Bitcoin and $1,900 for Ethereum. Historically, prices tend to gravitate toward the max pain point as expiration approaches, causing traders to adjust their positions, which can lead to increased volatility.The Put/Call Ratio, at 0.49 for BTC and 0.41 for , indicates a higher number of call options, suggesting bullish sentiment among option holders. However, this ratio also underlines the risk of a sharp move in either direction, as options near their expiration.Looking back, significant options expiries have often coincided with increased trading activity and price swings, as market participants hedge their bets or double down on their market expectations. For instance, past expiries have sometimes led to a decline in prices as traders sell the underlying asset to manage their exposure, while other times, a rally follows if the sentiment is bullish enough to absorb the selling pressure.As these options expire, the immediate effects on the market will depend on the current sentiment and positioning of market players. While the expiry itself may not dictate long-term price trends, it can serve as a catalyst for short-term price movements. Investors and traders will be watching closely to see if the market aligns with historical patterns or if it charts a new course in response to the current economic landscape. This article was originally published on U.Today More
According to a report released by the Organization for Security and Co-operation in Europe (OSEC), select supervisory and law enforcement officials from Ukraine learned about advanced techniques and tools required to investigate financial crimes using virtual assets.Continue Reading on Cointelegraph More
