Solana: Why it’s not a good time to be a long trader

SOL’s Futures Open Interest has dropped to its lowest level in two months. Key technical indicators suggest that the coin’s price decline may continue. The open interest for Solana’s [SOL] futures contracts has dropped to its lowest point in the past two months, as reported by Coinglass, due to the overall market decline. The term … Read more

Bitcoin spot ETFs’ ‘Zero flow’ days – All you need to know

Bitcoin spot ETF sees zero netflow. GBTC holdings continue to decline. Since the successful authorization and debut of the Bitcoin [BTC] spot ETF, Grayscale’s Bitcoin assets have seen a decrease in value. For the first time since its inception, many platforms have reported no new investments following the ETF’s launch. Grayscale’s Bitcoin holdings halves A … Read more

Mango Markets exploiter trial heads to jury

After hearing the evidence presented during the trial, the jury is now considering their verdict on accusations against Avraham “Avi” Eisenberg for market manipulation and fraud linked to an $110 million scheme involving the Mango Markets decentralized exchange. In the United States District Court for the Southern District of New York on April 17, Judge … Read more

Elizabeth Warren supports enhanced U.S. sanction options for stablecoins

Senator Elizabeth Warren of the United States wrote a letter to Treasury Secretary Janet Yellen, expressing her concerns based on Deputy Treasury Secretary Wally Adeyemo’s testimony before the Senate Banking Committee on April 9. The focus of her letter was consistent with the discussion during the hearing: the importance of implementing effective measures against Money … Read more

Bitcoin slips below $60K, but some traders aren’t turning bearish on BTC just yet

The price of Bitcoin dipped under $60,000 momentarily in the run-up to the anticipated halving event. However, despite this brief setback, many traders continue to hold a positive view for Bitcoin’s future value due to recurring bullish trends and increasing institutional investment. Bitcoin remains in pre-halving “danger zone” In spite of Bitcoin (BTC) undergoing a … Read more