The transaction, which stamps aside to value Payward shares at roughly $20 billion-a figure that could do the stomach round of the next Open Election Infomercial-was confirmed by Kraken’s co‑CEO, Arjun Sethi, personally delivering the info to Bloomberg with the distinction of not giving it a courtesy call to a London pub first.
In a post that’s basically the crypto equivalent of a soap opera cliffhanger, CryptoCon declared Bitcoin is headed south. Again. Because bear flags are so last season, but apparently they’re still in vogue for 86 days straight. And let’s not forget the seven bear flags since November 2021-because who doesn’t love a good pattern repeat? He says this is the moment everyone starts whispering, “Is the bottom in?” Spoiler: He says no. Because, of course.
Bitcoin, that fickle muse, had been loitering in the $70,000-$80,000 range, a consolidation so tedious it could make even the most ardent bull yawn. Analysts, those modern-day oracles, watched with bated breath, their charts a battleground where bulls and bears clashed in silent arithmetic.
Zcash (ZEC) saw a significant price increase of 75% in the last week, driven by renewed interest from individual investors in privacy-focused cryptocurrencies.
The crypto market, that fickle prima donna, retreated on Thursday, with bitcoin shedding 0.7% since midnight UTC, its Wednesday rally to $82,800 now a distant memory.
Recent data indicates a noticeable change in how large investors have been acting over the past few months.
This jolly collaboration, anchored in the Abu Dhabi Global Market (ADGM), the emirate’s financial free zone, will initially focus on the custody of Bitcoin and Ethereum. Rather sporting of them, what? But fear not, for their ambitions are as boundless as a Bertie Wooster scheme-they plan to expand into stablecoins, tokenized assets, and other regulated digital instruments. Pip pip!
The 30-day cumulative inflow has dropped from a whopping 2.6 billion XRP in March to a mere 736 million XRP. It’s like the whales decided to go on a juice cleanse, but for their portfolios. Large transfers to exchanges are usually the crypto equivalent of a dramatic exit-all eyes turn, and everyone wonders if the party’s over. But with inflows this low, it’s more like the whales are taking a nap, and we’re all tiptoeing around them.
According to the chronicles of crypto.news, Ethereum (ETH) ascended nearly 7% to a weekly zenith of $2,411 on Wednesday, before modestly retreating to the $2,300 threshold at the time of this narrative. The broader crypto market, ever the mirror of global anxieties, has entered a period of cautious tranquility, as Persia contemplates a pact with the West, promising to unchain the Strait of Hormuz and restore equilibrium to the world’s energy arteries.
According to data from Santiment released on May 7th, the market has rapidly shifted from fear to optimism. This change comes after weeks where the price of Bitcoin was negatively impacted by broader economic uncertainty and security issues within the crypto industry.