A jaw-dropping financial disclosure just pulled back the curtain on Donald Trump’s crypto holdings.
Clearly, the former president isn’t just talking the crypto talk – he’s walking the walk with a gigantic crypto portfolio.
We’re talking about millions in Ethereum, tucked away in a cold wallet. But that’s just the tip of the blockchain iceberg.
What other crypto tokens is he holding right now? Is he a HODLer or a trader? Read the full story!
Imagine ChatGPT with its own bank.
Well, Coinbase’s CEO Brian Armstrong thinks it’s the next big thing.
Armstrong’s latest idea? Giving AI language models like ChatGPT and Google’s Gemini their very own crypto wallets.
But here’s where it gets interesting. Coinbase has already launched a grant program, offering $3,000 to five lucky projects that can successfully marry AI with crypto wallets.
But how is it exactly gonna work? It is all just talks or has Coinbase already created the foundation of such programs? Read the full story!
This Solana-based memecoin darling is having a rough time. After pulling off a V-shaped recovery, WIF is now dipping.
We’re talking about a 30% dip since August 9.
But WIF isn’t the only memecoin feeling the burn. The whole pack is hurting, with Dogecoin, Shiba Inu, and Pepe all seeing red.
But WIF is taking it on the chin harder than other memecoins. It’s down 42% in the last month.
The future?
The charts show a head-and-shoulders pattern.
What does that mean? Is an upside coming or is the token going to face another major dip? Read the full story!
Bitcoin’s been continuously flirting with the $60,000 mark lately (and it just went down to $58K at the time of writing).
But the on-chain data is painting a unique picture.
75% of all Bitcoin hasn’t budged in over 6 months. That’s right, three-quarters of BTC is sitting pretty in wallets, unmoved since early 2024.
This level of hodling is unprecedented, especially considering Bitcoin has dropped 21% from its all-time high.
Moreover, according to data from CoinMarketCap, Bitcoin hodlers – defined as addresses that have been holding for longer than one year – currently account for 69.22% of all addresses (here’s how you can check this data).
This aligns closely with the Glassnode data and further reinforces the narrative of strong hands dominating the market.
What does this mean?
Well, historically, such strong hands often precede significant price movements. It’s like a coiled spring – the longer it’s compressed, the more explosive the release could be.
The interesting part? This holding trend is significantly reducing the supply of Bitcoin available for trading.
Basic economics tells us that when supply shrinks and demand stays steady (or increases), prices tend to go up.
We could be looking at a potential supply squeeze that might send prices soaring (NFA).
Now, let’s flip the coin. While long-term holders are sitting pretty, short-term holders are feeling the heat.
According to on-chain analyst James Check, over 80% of Bitcoin short-term holders (those who’ve held for less than 155 days) are underwater. Their holdings were acquired at higher than current spot prices.
According to him, this situation is eerily similar to what we saw in 2018, 2019, and mid-2021. Each of those periods signaled an increased risk of panic selling.
If these short-term holders start dumping their bags, we could see some downward pressure on prices.
While Bitcoin has been flirting with $60,000, popular analyst Rekt Capital points out that $60,600 is the real level to watch.
According to him, if BTC can close a weekly candle above this price, it would reclaim its post-halving “reaccumulation range” that was lost during the recent dip to six-month lows.
