Author: Max Bauer

Bitcoin’s resilience in the current market cycle is becoming increasingly evident, with data from crypto analytics firm CryptoQuant showing it leading the pack in proximity to its all-time high (ATH). Interestingly, TON and BNB are also showing relative strength, joining Bitcoin as the cryptocurrencies closest to reclaiming their peak prices. CryptoQuant’s Price Drawdown Heatmap reveals the stark contrast between Bitcoin and the majority of altcoins. While Bitcoin remains nearest to its ATH, followed by BNB, TON, SOL, and ETH, most other altcoins languish far from their previous highs, with drawdowns ranging from 74% to a staggering 97%. This disparity in…

Despite anxieties within the crypto community about the upcoming US election, Bitwise Chief Investment Officer Matt Hougan remains bullish on the industry’s future. He believes crypto adoption will continue its upward trajectory regardless of who wins the presidency. “Short-term, a Trump victory is better than a Harris victory,” Hougan stated, referring to candidates Donald Trump and Kamala Harris. “Long-term, Bitcoin, Ethereum, and stablecoins will thrive regardless of who wins.” This optimistic outlook contrasts sharply with the concerns of many crypto industry figures who fear a Harris victory would devastate digital assets. They point to the SEC’s ongoing crackdown under Gary…

The myth of Apple computer invulnerability in the crypto world has been shattered. A newly discovered Mac Trojan can compromise systems and steal crypto wallet private keys in a mere ten seconds, sparking serious security concerns. A recent video demonstration by SlowMist team member @im23pds revealed the alarming speed and efficiency of this attack, which tricks users into installing a disguised DMG package. The Attack Breakdown This attack bypasses Apple’s stringent security measures through a clever phishing strategy. Users are tricked into installing what appears to be legitimate software, but is actually a Trojan horse. While Apple’s review process generally…

As speculation mounts regarding Gary Gensler’s tenure as chair of the Securities and Exchange Commission (SEC), the cryptocurrency industry is closely watching the political landscape for signs of potential change. Gensler, in his three years at the helm, has become a polarizing figure in the crypto world, with many firms alleging that he has waged an unfair campaign against them. In response, the industry has poured significant resources into the 2024 election, aiming to secure Gensler’s ousting. Both major political candidates have signaled intentions that could affect Gensler’s future. Donald Trump, the Republican frontrunner, has vowed to remove Gensler if…

Bitcoin’s recent surge has been notable for a surprising absence: retail investors. Data from consumer platforms like PayPal and Coinbase, along with research from CryptoQuant, confirms muted retail activity in the cryptocurrency market. Instead, whales and institutional investors are driving Bitcoin’s momentum, now accounting for a larger share of the market. This shift is evident in the significant inflows into spot Bitcoin ETFs in the US, with large investors responsible for two-thirds of the $24 billion invested since inception. Several factors contribute to this retail absence:

Binance Research has released a study examining the explosive growth of memecoins, highlighting their nature as high-risk, high-reward investments in the current financial landscape. The report links the rise of memecoins to the expansion of global money supply and the increasing appetite for risk-on assets. While traditional investments like the S&P 500 and real estate absorb the majority of this capital, a portion flows into cryptocurrencies, with memecoins representing the most speculative end of the spectrum. The study also points to a shift in retail investor behavior, with many seeking alternative wealth generation avenues outside traditional finance. Memecoins, built on…

BlackRock’s BUIDL, the asset management giant’s first tokenized fund issued on a public blockchain, is expanding its reach beyond Ethereum. On-chain data reveals that Securitize, BlackRock’s partner in this venture, has deployed BUIDL on the Avalanche blockchain. Here you can see the contract adress of the reported development and below you can see the screenshot. BUIDL, which stands for BlackRock USD Institutional Digital Liquidity Fund, was initially launched on the Ethereum network, offering qualified investors access to US dollar yields. The fund allows investors to subscribe through Securitize Markets, LLC. Robert Mitchnick, BlackRock’s Head of Digital Assets, previously stated that…

The State of Michigan Retirement System has become the first pension fund to publicly disclose holdings in Grayscale’s Ethereum exchange-traded fund (ETF), a significant milestone for the Ethereum-based financial instrument that launched in July. Michigan Pension Fund’s Ethereum Investment Beats Bitcoin According to a recent 13F filing, the Michigan pension fund holds 460,000 shares of the Grayscale Ethereum Trust (ETHE), valued at approximately $10 million as of the end of the third quarter. This makes Michigan one of the top five holders of the fund, according to VanEck’s Matthew Sigel. The filing also revealed a holding of 460,000 shares in…

Cryptocurrency analytics firm Santiment reports that Bitcoin whales are exhibiting decreased activity ahead of the US election results, suggesting they are “expecting the unexpected” in this highly polarized political climate. While crypto traders anticipate heightened volatility, large Bitcoin holders have shown a decline in large transactions since a spike last week. Santiment highlights that spikes in whale Bitcoin transactions often signal potential price reversals for the broader cryptocurrency market. However, the current passivity among whales doesn’t necessarily indicate an impending price drop, a common misconception according to the firm. Instead, Santiment suggests that this behavior indicates whales are likely observing…

Cryptocurrency analyst James Van Straten believes Bitcoin is likely to rally after the US election, regardless of the winner, based on historical patterns. While short-term volatility is expected around the election results, Van Straten points to Bitcoin’s performance following previous US elections as a bullish indicator. Bitcoin Price Rallied After All Previous US Elections Bitcoin has witnessed three US elections since its inception in 2009, and each time, its price has rallied significantly, never returning to its pre-election day level. If this trend continues, Van Straten predicts a peak in Bitcoin’s price approximately one year after the election. Historical Precedents:…