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A mysterious whale has made a new entry into ChainLink cryptocurrency by accumulating 663,580 tokens on Sunday. The whale spent a staggering $16.5 million in the ordeal, holding more than half a million LINK in the wallet. The wallet address had previously indulged in swing trading Chainlink two years ago and took home a profit of $1.72 million. For the uninitiated, swing trading is a concept where investors map its growth and take entry positions between two days and a few weeks. Also Read: Chainlink LINK Price Prediction: Analysts Eyeing $73 Target They stick to a price target and quickly exit after reaching the point. They don’t indulge in the ‘buy-and-hold’ long-term policy but book quick profits after a target is met. Swing traders use technical Analysis to identify which stocks or cryptocurrencies are likely to rise next and invest in them after conducting thorough research. The anonymous whale had made $1.72 million by swing trading Chainlink cryptocurrency in ...

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The Hedera coin (HBAR) is up over 98% in the last 30 days, one of the strongest gainers on the crypto market. The boom comes as the crypto market overall is rallying, led by Bitcoin reclaiming $119,000 for a short period. The approval of several pro-crypto bills last week is also fueling the rally, and has analysts projecting a further surge for altcoins like HBAR. Should the Hedera coin continue this rally path, it could target and surpass its ATH sometime in August. Why is Hedera (HBAR) Spiking in Price? Hedera HBAR is also spiking after a promising development on the Hedera crypto ledger. Several financial heavyweights, including BlackRock & Fidelity, added representative tokens to HBAR’s ecosystem. The institutional interest in Hedera sent HBAR skyrocketing, making it one of the best crypto performers in July’s bullish market. In addition, HBAR’s market capitalization has restored the yearly peak levels, exceeding $12 billion for the first time since last January. Several cryp...

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Summary ⚈ Bitcoin trading near $97,000 puts $3.36 billion in shorts at liquidation risk. ⚈ A 3.14% BTC price rise to $100,000 would trigger mass short liquidations. ⚈ A 3.07% drop to $93,973 would also threaten $3.36 billion in long positions. Bitcoin’s (BTC) move to the upside could put crypto bears in quite a tough position if the cryptocurrency’s present rally continues.  The leading digital asset was trading at $96,950 at press time on May 2, having seen a 2.64% increase in price over the past week. BTC price 1-week chart. Source: Finbold Some $3.36 billion in Bitcoin short positions are at risk of liquidation if BTC prices reach $100,000, according to data analyzed and retrieved by Finbold from market intelligence platform CoinGlass . Bitcoin exchange liquidation map. Source: CoinGlass A 3.14% increase in BTC price could cause $3.36 billion in Bitcoin shorts to be liquidated So, what are the key levels to watch as Bitcoin approaches a ret...

Solana (SOL) is green on the day on reports that BlackRock is moving its blockchain-based money market fund onto the Ethereum (ETH) competitor’s network. Fortune reports that the world’s largest asset manager is adding its $1.7 billion BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to the Solana blockchain. Solana is trading for $145 at time of writing, up nearly 19% in the last week. Launched a year ago, BUIDL uses traditional money market funds, which investors use to store cash in the near term and earn yield on it, combined with blockchain payment properties. Solana is now the seventh blockchain compatible with the tokenized money market fund BUIDL, after its initial launch on Ethereum. BlackRock’s technology partner, Securitize, says the fund is expected to exceed $2 billion in cash and Treasury bills by early April. Says Michael Sonnenshein, COO at Securitize, “We’re making [money market funds] unboring. We are a...

MicroStrategy, the business intelligence company founded by Michael Saylor that;s now the biggest corporate holder of Bitcoin (BTC), has added to its haul of the digital asset. On Monday, Saylor announced that the publicly-traded company had acquired another 27,200 BTC for over $2 billion. The news coincided with the surge in Bitcoin price – which reached a new all-time high above $84k. Earlier, the world’s largest and most popular cryptocurrency had traded to above $82k. This follows sentiment from the Donald Trump election victory, which continues to create a bullish buzz. MicroStrategy its $22 billion in BTC purchases The latest Bitcoin purchase for MicroStrategy comes after the company raised $2.03 billion. Earlier, MicroStrategy had revealed plans to raise $42 billion to buy more bitcoins – a scenario that has added to the overall bullish sentiment around the benchmark cryptocurrency. Saylor said his company spent these proceeds on buyin...

Among the pieces being auctioned include a zombie CryptoPunk and Autoglyphs from Larva Labs as well as Dmitri Cherniak’s artwork ‘The Golden Goose’. Sotheby’s auction house said it will be selling off a digital artwork collection formed as part of collapsed crypto hedge fund Three Arrows Capital, or 3AC. In an April 19 announcement, Sotheby’s said it would auction off nonfungible token, or NFT, artwork assembled as part of 3AC’s digital portfolio in 2021. The firm will begin the auction with sales of seven NFTs that are part of the ‘Grails’ collection in May, described as “some of the highest quality and rarest works,” according to Sotheby's head of digital art Michael Bouhanna. Among the pieces being auctioned by Sotheby’s include zombie CryptoPunk #6649 and Autoglyph #187 from Larva Labs as well as Dmitri Cherniak’s artwork ‘The Golden Goose’, purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021. They paid 1,800 Ether (ETH) — roughly $5.8 million at the time — for ...

The issuance became the second major operations of the bank with the new class of assets. Russia’s largest bank Sber — formerly known as Sberbank — reported the first issue of gold-backed digital financial assets (DFAs). The bank considers DFAs to be a “great alternative” to investments amid dedollarization. On Dec. 26, Sber published the news about its first issue of gold-backed DFAs. A diversified metals seller and manufacturer, Solfer, became the first investor to obtain the issued assets. Gold-backed DFAs represent certifying monetary rights, whose price and volume depend on gold prices. According to juridical documentation of the issuance, the bank will provide up to 150,000 DFAs for potential investors to buy. The DFAs will be available to acquire until Jul 30, 2023. The document mentions “the high risks” for investors, ingrained in such kind of assets, including “the risk of illiquidity.” The first deputy chairman of the Executive Board at Sber, Alexander Vedyakhin, cla...