US News

In the cryptocurrency boom of 2017, Binance emerged as a major player. The era was dominated by Initial Coin Offerings (ICOs), a trend where entrepreneurs would introduce a new crypto venture, create new tokens to raise funds (akin to issuing shares in an IPO) and utilize the proceeds for company development. Amidst Bitcoin’s soaring all-time […]

In a strategic move, Cathie Wood’s ARK Invest recently divested $5.02 million worth of Grayscale Bitcoin Trust (GBTC) shares, marking a deliberate adjustment to maintain their investment weight. This decision comes as GBTC has experienced a remarkable 76% surge since August, prompting ARK Invest to align its portfolio with a 9% allocation cap. As part […]

BTCUSD rally faces resistance and consolidation, signaling an impending downside. The second bounce off the rising trendline sparked a considerable rally, driving BTCUSD to the notable price level of $35000.00. Prior to the attainment of $35000.00, BTCUSD had formed a bullish order block around the $30000.00 psychological level. The impulsive momentum witnessed a decline as […]

ETHUSD is set to begin its reversal to the downside as the distribution phase ends. Following the formation of the $2030.00 high, ETHUSD was immersed in the discount as the bulls exited the market. The downtrend that emerged as a result of the crash from the $2030.00 high ended as the price approached $1530.00. Owing […]

There’s a renewed excitement among crypto enthusiasts surrounding Solana, and it’s not without merit. The value of SOL has soared by more than 350% in the past year. Positioned as a prominent Layer 1 project, Solana boasts a substantial user base of approximately 100,000 daily users, contributing to tangible revenue of around $50,000 per day […]

The U.S. Department of Justice Strikes a Balance: Advocating for Freedom, Yet Insisting on Location Constraints for Binance’s Former CEO, Changpeng ‘CZ’ Zhao. In a recent filing, the DOJ contends that Zhao is a manageable ‘flight risk,’ presenting a nuanced perspective on his status. CZ’s legal team counters, emphasizing his voluntary appearance in the U.S...

Bittrex Global announced the winding down of all trading activities to be effective on Monday, December 4, 2023. Following this decision, customers will have the option to withdraw their assets, marking the initiation of the winding-down process. This strategic measure ensures a systematic and organized conclusion to their trading operations. Bittrex Global acknowledges that the […]

BTCUSD declines as the market leaves the overbought region, as indicated by the RSI (Relative Strength Index). Following the retraction at $24900.00 of substantial support, a subsequent rally emerged. This gave rise to the formation of a bullish order block on the 28th of September, 2023. The consequential bullish order block played a pivotal role […]

In a pivotal development, Changpeng ‘CZ’ Zhao, the visionary founder of Binance, has resigned from his position as CEO, marking a consequential milestone in the aftermath of a substantial $4 billion settlement brokered with various United States regulatory agencies. The joint announcement by Zhao and multiple regulatory bodies on Tuesday not only signifies a decisive […]

BTCUSD faces resistance at $37400.00 after the October 2023 surge. Following the October 2023 financial landscape shift, a notable surge in buying momentum is evident, marked by a significant increase. However, this upward trend faced a hurdle as market conditions pushed prices to a critical supply zone at $37400.00. This shift impacted market dynamics. The […]