The US Justice Department transferred 54.89 billion Shiba Inu (SHIB) tokens seized from FTX, but their value dropped 85% from $1.55 million to about $235,500 during legal proceedings, meaning the government retained only 15% of the original dollar value. Binance founder Changpeng Zhao emphasized Bitcoin's fixed supply as a true inflation hedge, unlike AI which boosts productivity but can't protect purchasing power. Meanwhile, large investors accumulated 70 million XRP tokens worth around $77 million, defending support near $1.08 as XRP price stabilized. The crypto market shows signs of recovery with Bitcoin holding above $65,000 amid easing US inflation and renewed interest in Bitcoin ETFs.
Binance co-founder Changpeng Zhao argued that Bitcoin offers protection against inflation, a benefit he says artificial intelligence (AI) investments cannot provide. This comes as Wall Street anticipates AI spending to reach $725 billion this year, d...
Cryptocurrency markets saw a general decline with Bitcoin priced near $64,223, down 0.99%, and Ethereum falling 2.65% to around $1,874. Other major coins like Binance Coin and Solana also dropped slightly. This reflects ongoing market volatility and ...
Ethereum is gaining investor interest, with its price climbing 2.32% to approach $2,000 due to steady capital inflows. The ETH/BTC ratio has broken a 301-day resistance, signaling a rotation of funds from Bitcoin to Ethereum. This momentum is support...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
Glassnode's recent analysis highlights a key on-chain indicator showing that Bitcoin investors who bought 1-2 years ago are stabilizing their realized losses, suggesting a potential easing of selling pressure. This pattern, observed during past bear ...
