• Aug 07, 2024

Bitcoin Facing Selling Pressure From New Whales as BTC Hovers at $57,000

A perfect storm is brewing in the cryptocurrency market, as Bitcoin's price struggles to gain traction despite a recent uptick. While the flagship cryptocurrency managed a modest 0.5% gain to $57,350 in early European trading, according to data from CoinGecko. But underlying market dynamics tell a more complex story. A key factor contributing to Bitcoin's price weakness is the aggressive selling by new whales. According to data shared on Twitter by CryptoQuant Head of Research Julio Moreno, thes...

• Aug 07, 2024

Figure AI Debuts New Humanoid Robot to Challenge Tesla

Robotics startup Figure AI has unveiled the brand new Figure 02, the latest iteration of its humanoid robots following the debut of its Figure 01 model in March. The new model features significant upgrades, including enhanced AI systems, improved computer vision with six AI-powered RGB cameras, and a redesigned battery pack. Some changes give the model some advantages over its competitors, like its brand new set of hands. The new iteration has 16 degrees of freedom, which is more than any top-of...

• Aug 07, 2024

Microsoft and Palantir to Upgrade AI in Defense and National Security

Microsoft and Palantir on Thursday announced a partnership to enhance the national security capabilities of U.S. defense and intelligence agencies with AI, which the company says is a first within classified systems. Palantir is a data analytics company known for providing software platforms that help organizations integrate and analyze large, complex datasets. Through this new collaboration, Palantir's technologies will be integrated with Microsoft's Azure cloud computing services, including ad...

• Aug 07, 2024

Ethereum Can't Keep Up With Bitcoin Or Solana: What's Going On?

Even after Ethereum’s celebrated arrival on Wall Street, the price of ETH has failed to keep in step with rival cryptocurrencies this cycle. As the crypto market nosedived on Sunday, the ETH-to-BTC conversion ratio tapped a yearly low of 0.041, according to TradingView. Although digital assets—including ETH—have posted a solid recovery since then, the ratio remains at 0.043 at writing time. Many can’t help but find the trend unusual. In bull market years, altcoins have frequently outperformed Bi...

• Aug 07, 2024

Bitcoin, Ethereum, and Solana Surge as Traders Face Choppy Market

Crypto markets have surged—along with other risk-on assets like U.S. stocks—on news that the American economy may be stronger than previously thought. Bitcoin, Ethereum, and Solana have made big gains on Thursday, with smaller-cap digital coins and tokens also jumping significantly. The price of Bitcoin is currently at $59,401, a 24-hour rise of 8%. Ethereum is up even more over the same period and is now priced at $2,576—a 9% day jump, according to CoinGecko data. Solana is now trading hands f...

• Aug 07, 2024

BlackRock Bitcoin ETF Investors Hold the Line as Markets Rebound

As Bitcoin briefly plunged below $50,000 Monday, investors in BlackRock’s spot Bitcoin ETF were among some of the most steadfast investors in the crypto market. Despite Bitcoin’s price falling 10% in the past week, investors in BlackRock’s $19 billion product haven’t flinched, so far. While some spot Bitcoin ETFs have seen millions of dollars in outflows over the past few days, the iShares Bitcoin Trust (IBIT) has held the line. After IBIT flows were flat Monday and Tuesday, the fund saw inflow...

• Aug 07, 2024

The Open Network's TON Token Jumps Over 8% Following Binance Listing

The Open Network's native currency Toncoin (TON) is up by 8.2% on the day, following an announcement that crypto exchange Binance would list the token.  Per data from CoinGecko, TON is currently treading at $6.17, having surged to a peak of $6.41 Thursday morning. However, the token remains down on the week by almost 9%, following Monday's crypto market crash. ? @binance, the world’s largest digital asset exchange, has listed $TON! Users can now trade TON in pairs with BTC, USDT, FDUSD, and TR...

• Aug 07, 2024

Another Trump Meme Coin Has Pumped and Dumped—Here's What Happened

Yet another Trump-themed memecoin has soared and cratered—and no, it isn’t officially tied to the actual Trump family. Yet that’s what people seemed to think of the “Restore the Republic” (RTR) token, whose market capitalization ripped to over $100 million within an hour of its launch on Thursday. As of writing, however, its value has plummeted back to $9.2 million, according to DexScreener, which is a more than 90% reversal. Another Solana-based RTR token launched at roughly the same time and f...

• Aug 07, 2024

Blast Memecoin Pacmoon Migrates to Solana, Rebrands to ARMY

Blast meme coin Pacmoon (PAC) is migrating to Solana, less than four months after launching on the Ethereum layer-2 scaling network. The move will see the token renamed ARMY, as revealed by a promotional Twitter video. As per Pacmoon’s official site, users are encouraged to connect their Blast wallet, enter their Solana address, then burn their PAC tokens in order to be airdropped ARMY tokens—at an exchange rate of 1 PAC for 10 ARMY.  WE ARE MIGRATING TO SOLANA pic.twitter.com/UGoocA1V3U — PACM...

• Aug 07, 2024

OneCoin ‘Cryptoqueen’ Ruja Ignatova’s Assets Frozen by UK Court

London’s High Court has issued a worldwide freeze order for the assets of alleged OneCoin fraudsters, including those of the infamous ‘Cryptoqueen’ Ruja Ignatova. According to an announcement shared with Decrypt, the case—initiated by over 400 victims of the OneCoin Ponzi scheme—resulted in a freeze order on the assets of Ignatova and OneCoin co-founder Sebastian Greenwood, along with Christopher Hamilton, and Robert MacDonald. Hamilton and MacDonald allegedly helped launder the funds on behalf...