Trend Digest – Your Reliable Guide to Cryptocurrency News
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Abstract launched with 711,000 transactions on day one, but total value secured remains low at $33.37 million. NOXA’s total value locked dropped sharply from $515,000 to $109,231, reflecting weak investor confidence in liquidity. PENGU token plunged 37% in a week as traders reacted to unmet expectations and a struggling NFT market. Abstract, the new layer-2…
CME’s Bitcoin options skew hits record levels at 4.4%, indicating aggressive call buying and growing institutional confidence in crypto markets. BlackRock’s IBIT leads ETF inflows with $661M contribution, part of $3B+ accumulated over four consecutive days of institutional buying. Long-term holders establish new support at $100K by reducing holdings from 14.2M to 13.1M BTC, marking…
Following MiCA’s rollout, major crypto exchanges like Crypto.com and Coinbase have delisted USDT and other tokens. While USDT faces challenges in Europe, Circle’s USDC has gained traction due to its MiCA compliance. Tether acknowledges the MiCA regulatory framework’s role in supporting growth but emphasizes the complexity and risks it presents for EU-licensed stablecoins. USDT stablecoin…
Metaplanet is raising $745M through stock issuance to increase its Bitcoin holdings. The company aims to acquire 10,000 BTC by 2025 and 21,000 BTC by 2026. Since adopting Bitcoin in 2024, Metaplanet has accumulated 1,761 BTC. Metaplanet Inc, a financial services company based in Japan, has a landmark capital raise in the Asian equity market,…
Analysts highlight XRP’s four-hour triangle pattern, suggesting a swift bullish breakout near $5.85 in upcoming hours. Elliott Wave projections point toward resistance at $4.55 and potentially soaring up to an $18.23 target. Recent $103.65 million outflow signals caution, yet rumors of Elon Musk’s deleted post spark intense optimism. Despite declining 11% in the last 24…
Hive Digital is acquiring Bitfarms’ 200 MW Yguazu mining facility in Paraguay for $85 million. It aims to reach 25 EH/s by Q3 2025, capturing 3% of the global Bitcoin mining network. Bitfarms will reinvest the proceeds to expand its US operations with a 1 GW growth target. Hive Digital Technologies has announced plans to…