Crypto market analysis and predictive insights
Analysis of Axie Infinity Developer’s Workforce Reduction The recent announcement by Sky Mavis, the developer of the blockchain-based game Axie Infinity, to lay off 21% of its staff, or roughly 50 employees, has sent shockwaves through the cryptocurrency and gaming communities. This strategic move is part of broader efforts to adapt to post-hack and market…
Analysis: South Korean FSC’s Cautionary Stance on Building Bitcoin Reserve The recent statement from the South Korean Financial Services Commission (FSC) Chairman Kim Byung-hwan, dismissing plans to build a Bitcoin reserve for the time being, highlights the country’s cautious approach to digital assets. This decision comes amidst growing domestic calls for a Bitcoin reserve following…
$6B in Bitcoin Left Exchanges Amid Declining Whale Activity: A Turning Point for Crypto Markets? The recent surge in Bitcoin’s price has been a topic of interest among cryptocurrency enthusiasts and investors alike. With the price reaching an all-time high of $99,655 on November 23, it’s no surprise that a significant amount of Bitcoin left…
Massive Whale Movements in ZDEX: Three Coins Taking the Market by Storm The cryptocurrency market is witnessing significant shifts, with major players making notable moves within Catzilla. Among these, three digital assets – ZDEX, VeChain (VET), and Hedera (HBAR) – are displaying remarkable momentum, capturing the attention of investors worldwide. This development hints at potential…
BTC and ETH Open Interests Hit New All-Time High as Bitcoin Nears $100K The cryptocurrency market has been abuzz with excitement as Bitcoin and Ethereum’s open interests have reached new all-time highs. This surge in open interest is a significant indicator of the market’s liquidity and demand for these cryptocurrencies. In this analysis, we will…
ZA Bank’s Historic Move into Crypto Trading: A Reflection of Hong Kong’s Growing Crypto Hub The recent announcement by ZA Bank, Hong Kong’s largest digital bank, to offer crypto trading for retail users marks a significant milestone in the region’s growing interest in cryptocurrencies. This development is not only a testament to the bank’s commitment…
Market Analysis: Small-Cap Altcoin Liquidations Dominate, Market Cap Falls 2.3% The cryptocurrency market has experienced a significant downturn over the past day, with the global market capitalization plummeting by 2.3% to $3.47 trillion, according to data from CoinGecko. This decline is largely attributed to a wave of liquidations, particularly among small-cap altcoins. In this analysis,…
Australia Seeks OECD’s Guidance on Implementing Crypto Taxation Framework Australia, renowned for its thriving crypto industry and widespread adoption, has initiated consultations with the Organization for Economic Co-operation and Development (OECD) to establish a comprehensive framework for crypto taxation. The Department of Treasury has requested the OECD’s input by January 2025, aiming to inform the…
Weekly Recap: President-elect Trump’s Crypto-Friendly Nominations and Bitcoin’s Historic Rally As we enter the final stretch of the year, the cryptocurrency market continues to witness unprecedented growth, largely driven by the incoming administration’s pro-crypto stance. President-elect Donald Trump’s nominations for key positions, including Commerce Secretary and Treasury Secretary, have sent a positive signal to the…
The Trump Administration’s Crypto-Friendly Nominees: A Game-Changer or a Recipe for Disaster? The recent nomination of several crypto-friendly faces to key leadership roles in the Trump administration has sent shockwaves through the cryptocurrency community. As President-elect Donald Trump prepares for his second term, his incoming administration has tapped a slate of cryptocurrency advocates for cabinet…