Theo, a blockchain-based trading infrastructure provider, has raised $20 million in a funding round co-led by Hack VC and Anthos Capital, with participation from firms like Manifold Trading, Miranda Ventures, and Amber Group. The platform, founded by former quant traders, aims to give retail investors access to advanced trading tools like high-frequency trading and market making, typically reserved for institutional players. Theo’s infrastructure supports both centralized exchanges and DeFi protocols, with nearly $29 million in total value locked (TVL) as of April 23, though down from its February peak. The company is part of a broader trend of blockchain firms bridging institutional and retail finance, fueled by growing institutional interest in crypto via Bitcoin ETFs, tokenization, and stablecoins. A Coinbase-EY survey suggests most institutions plan to increase crypto allocations, with DeFi adoption expected to rise significantly in the next two years.
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Bitcoin Miner from 2010 Moves Part of 50 BTC Stash to Active Wallet
An anonymous Bitcoin miner from 2010 has moved part of their 50 BTC stash, valued at $3.4 million, to an active wallet linked to exchanges. The miner transferred 2.99 BTC to one wallet and the remainder to a change wallet, with significant interactions noted with exchanges like OKX and Coinbase.Despite the movement, the original 50 BTC remains untouched, indicating the miner’s ongoing activity in the crypto space. Analysis suggests this miner is not Satoshi, as the transaction patterns do not align with the Patoshi pattern, and the block was mined when other miners were active.
read moreMpeppe Emerges as Investors Shift Focus from Struggling Solana
As Solana (SOL) faces significant challenges, including institutional outflows and high volatility, Mpeppe (MPEPE) is emerging as a promising alternative for investors seeking growth. Mpeppe combines meme culture with decentralized finance, attracting attention for its potential high returns. While Solana’s recovery remains uncertain, Mpeppe’s innovative approach positions it as a compelling option for diversifying portfolios in the current market landscape.
read moreBitcoin Price Plunge Triggers $310 Million in Trader Losses
Bitcoin’s price has dropped approximately 6% in the past 24 hours, breaking the $58,000 mark to fall to as low as $56,900. A whale sold 3,500 BTC for $206 million in five hours through the Binance exchange, leading to concerns over low market liquidity and the impending Mt. Gox BTC payout. Over 110,000 traders lost about $310 million in the last 24 hours, with most stemming from long trades.
read moreWarning of Low Crypto Market Liquidity Amid Macroeconomic Shifts
The crypto market is experiencing low liquidity due to investors favoring safe-haven assets like gold and the Dollar Index. This shift is driven by the Federal Reserve’s decision to reduce market liquidity, leading to potential downside risk for high-risk assets like Bitcoin. Market makers’ impact on price stability is weakening, and Bitcoin faces significant resistance at the $63,000 level with limited support below.
read moreNavigating the Current Crypto Market: Insights from Top Analysts
The recent crypto market downturn has sparked interest in “buying the dip,” but caution is advised by a top analyst, Markus Thielen, who suggests that it may be premature to pursue this strategy for Bitcoin and Ethereum. Thielen’s bearish outlook is based on a comprehensive market analysis and warns of potential further declines before a significant rally. The market’s volatility is influenced by upcoming central bank announcements and various factors contributing to the recent price collapse, creating a climate of uncertainty and significant market sentiment swings.
read moreCrypto Market Volatility: Bitcoin and Ethereum Price Analysis and Predictions
This week’s central bank interest rate decisions are expected to impact the crypto market, with traders expressing optimism for Bitcoin despite expected volatility. Ethereum faces bearish sentiment in the short term, while altcoin deleveraging has contributed to market stability. Bitcoin’s price stands at $62,500 with a 7.5% drop, and Ethereum at $3,276 with a 6.8% decline in the last 24 hours.
read moreCardano, Ethereum, and Raffle Coin: Cryptocurrency Market Update and Analysis
Cardano (ADA) and Ethereum (ETH) are making waves in the cryptocurrency market, with Raffle Coin (RAFF) emerging as a promising newcomer. While Cardano (ADA) continues to gain investor confidence as a third-generation blockchain, concerns over Ethereum (ETH) ETF approval persist. Raffle Coin (RAFF) offers a decentralized platform for raffles and prizes, with a presale underway for early investors.
read moreXRP Price Hits New High Amid SEC Lawsuit Anticipation
XRP price hits new 2024 peak amid anticipation of SEC lawsuit deadline and XRP Ledger amendment. Bitcoin and Ethereum reach new all-time highs, but extreme greed conditions signal potential market corrections. Approval odds for a Spot Ethereum ETF diminish, with analysts stating it may not significantly impact Ethereum’s price.
read moreBitcoin’s Rapid Surge Raises Concerns Among Investors
Bitcoin has surged by over 40% in the past four weeks, nearing its record high. However, the cost of call options relative to puts suggests that investors’ bullish expectations may have materialized too soon, possibly due to heightened speculative sentiment and decreased demand for far-month options. This convergence in call-put skews indicates caution among investors regarding the possibility of further sharp rises.
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