Crypto Market Faces $3 Billion Shockwave as FTX Plans to Sell Off Its Tokens

The cryptocurrency market may be facing an impending tremor, as an analytics firm has recently suggested that a potential 3 billion sell-off is looming, rooted in the potential liquidations of FTX’s massive cryptocurrency stack to repay creditors. A recent court filing has recently revealed that the estate of the once-giant cryptocurrency exchange, which filed for bankruptcy in November after collapsing […]

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Binance Sees Outflows of Over 200 Million X$RP in Mysterious Whale Transfers

A massive cryptocurrency whale has recently moved 210 million tokens of the XRP Ledger’s native asset, $XRP, out of leading cryptocurrency exchange Binance in a surprising move that set the token’s community abuzz. According to whale monitoring service Whale Alert, the whale moved nearly 42 million XRP to an unidentified cryptocurrency wallet before making several other transactions moving XRP out […]

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Institutional Investors Bet on Solana as $SOL Investment Products Record 9th Week of Inflows

Cryptocurrency investment products focusing on the smart contract platform Solana ($SOL), Ethereum ($ETH) rival whose performance was negatively affected by the collapse of FTX, have been seeing significant inflows so far this year, and recently recorded its ninth consecutive week of inflows. According to CoinShares’ latest Digital Asset Fund Flows weekly report, in a week in which cryptocurrency investment products […]

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SEC Lawsuit Hindered XRP's Market Adoption, Popular Crypto Attorney Says

Commenting on the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), John Deaton, the managing partner of crypto-centric law firm Deaton Law, has recently suggested the XRP’s broader market adoption was hindered by the regulator’s lawsuit. In a post shared with Deaton’s 290,000 followers on the microblogging platform X (formerly known as Twitter), he […]

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$XRP, $DOGE, and $LINK: Top 3 Altcoins to Buy in a Downturn?

In a recent video, prominent crypto analyst Ben Armstrong (aka “BitBoy Crypto”) discussed a hypothetical scenario where Bitcoin takes a major dip, causing altcoins to bleed out. He identifies three altcoins that he would feel confident accumulating more of in such a situation. Armstrong starts by mentioning XRP as a no-brainer choice for accumulation. He had previously predicted that XRP’s […]

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Polkadot ($DOT), Kusama ($KSM), and Cardano ($ADA) Lead the Crypto Development Race, Data Shows

The “blockchain of blockchains” Polkadot ($DOT) is currently the leading cryptocurrency network by development activity, and it’s followed by Kusama ($KSM), a public pre-production environment for it, and by smart contract platform Cardano ($ADA). That’s according to data from on-chain analytics firm Santiment, Polkadot has managed to maintain its position as the leading cryptocurrency in terms of development activity, with […]

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