SONIC SVM (SONIC/IDR) Price Today
Papertrade accused of Ponzi scheme after collecting $5.5M fees and going offline
Papertrade, a platform targeting crypto users, collected $5.5 million in fees and sold $200,000 worth of pants before changing its rules amid Ponzi scheme concerns and going offline. The Crypto Business Bureau (CBB) labeled Papertrade a Ponzi scheme,...
Bitcoin trades at a discount on Coinbase for 44 days, signaling weaker U.S. demand or stronger selling.
The Coinbase Bitcoin Premium Index stayed below zero for the 44th straight day as of November 7, indicating Bitcoin was priced lower on Coinbase Pro compared to Binance. This persistent discount suggests weaker buying interest from U.S. investors or ...
Crypto address boosts Ether short by $3.2M, total short now $14.56M with $21.77M gains
A crypto address increased its short position in Ether (ETH) by about $3.2 million, bringing the total short to 6,543.11 ETH, valued at approximately $14.56 million. This position has generated cumulative gains of roughly $21.77 million. The update w...
Bitcoin falls back to $75K after briefly rising above $80K, pressured by weak demand and ETF outflows.
Bitcoin briefly rose above $80,000 but quickly fell back to $75,000, where it has consolidated for several days. The initial rally was driven by short squeeze and some buying activity, but weak spot demand, significant ETF outflows, and increased sel...
Bitcoin and Ether ETFs see $1.86B outflows in a week, signaling investor pullback.
Bitcoin (BTC) exchange-traded funds (ETFs) experienced $1.47 billion in outflows over the past week, including a single-day withdrawal of $366 million. Ether (ETH) ETFs also saw $391 million in outflows during the same period. These net outflows indi...
Bitcoin needs to break $76,000 to spark a bullish recovery amid extreme short positions and ETF outflows.
Bitcoin hovered near $75,800 as analysts noted that breaking above $76,000 could trigger a strong recovery after recent lows. Extreme short positioning in Bitcoin derivatives suggests a potential short squeeze, though this is not yet confirmed. Glass...
Strategy aims to become the world's Bitcoin bank, holding 845,000 BTC and pushing Bitcoin finance integration.
Strategy's CEO Phong Le announced the company is transforming into the "Bitcoin bank of the world," holding 845,000 BTC and focusing on merging traditional and decentralized finance. Executive chairman Michael Saylor supports this vision, urging bank...
Binance sees 232M USDT net inflow in 24 hours, up from 225M USDT on Oct 28
Binance recorded a 24-hour net inflow of 232 million Tether (USDT) on November 6, which is an increase of 7 million USDT compared to the 225 million USDT net inflow reported on October 28. This rise indicates growing investor interest or activity on ...
Korean crypto trading shows strong local concentration with STX and XRP leading turnover shares.
Korean cryptocurrency markets exhibit significant local trading concentration, with tokens like STX and XRP showing much higher turnover shares domestically compared to global markets. STX's Korean trading share is 21.4 times its global share, while ...
Arbitrum leads crypto gains with a 10.65% rise as most top coins advance.
Arbitrum (ARB) saw the largest 24-hour gain among major cryptocurrencies, rising 10.65% to $0.168. Most of the top 90 cryptocurrencies, excluding stablecoins, showed gains, with 67 advancing and 23 declining. Notable increases included Ether.fi (ETHF...
