Crypto Gamble Wipes Out 87% Of Smart Digital Group’s Market Value

Smart Digital Group’s Nasdaq-listed shares collapsed after the company announced plans to build a cryptocurrency asset pool focused on Bitcoin and Ethereum. Related Reading: Fed Chair Choice May Be Bitcoin’s Biggest Bull Trigger, CEO Says The selloff wiped out a huge chunk of market value in a single day, with the stock plunging roughly 87% […]

Bitcoin Negative Divergence Hints At Imminent Selling Pressure—Is ‘Uptober’ Under Threat?

Bitcoin is witnessing the development of a troubling divergence, which poses several questions about the sustainability of the cryptocurrency’s growth. Here’s the most important one so far — how does it affect price? Network Activity On Decline As Price Rises In a Quicktake post on the CryptoQuant platform, crypto pundit CryptoOnchain highlighted a growing negative […]

Solana ETF Amendments Roll In For The ‘Final Countdown’—Approval In 2 Weeks?

Since the Bitcoin and Ethereum products hit the exchanges in 2024, the crypto market has been looking to welcome additional spot exchange-traded funds (ETFs). Currently, the XRP and Solana ETFs appear to be next in line to hit the market, pending the approval of the United States Securities and Exchange Commission (SEC). On Thursday, September […]

Tether’s Half-Trillion Valuation Goal Catches Ark Invest’s Attention

Tether, the company behind the widely used USDT stablecoin, is said to be in talks for one of the biggest private fundraisings in crypto history. Related Reading: Bitcoin Miner TeraWulf Targets $3 Billion To Power Google-Tied Project According to multiple reports, the firm is exploring a $15 billion to $20 billion equity raise that could […]