Naomi Osaka, a top professional tennis player from Japan, has been open about diversifying her investments in cryptocurrency after noticing the hype around Dogecoin (DOGE), which was primarily led by Elon Musk. In a recent Bloomberg interview, Osaka revealed that she has been in talks with her agent about cryptocurrencies after reading about Dogecoin and its possibility to “pop up.” The tennis legend attributed Twitter’s crypto ecosystem to be the primary source of her interest in Dogecoin investments, way before she spoke to her agent about it. Osaka has also joined the nonfungible token (NFT) space by launching a collection …

Bitcoin (BTC) saw fresh local lows on Tuesday as limp price action diverged further from bullish sentiment. Bitcoin evades bullish continuation Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on Bitstamp after dropping $2,000 in hours. Part of a multi-day rangebound construction, the dip resulted in a push toward $48,000, with bulls still unable to gather momentum for an attack on $50,000. For popular trader Crypto Ed, $48,200 was the level to watch for continuation upward. “Showing some tricky moves, retest failed overnight with that dump,” he commented on the hourly chart. “Right now busy to …

Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC). In its “Digital Asset Fund Flows Weekly” report on Monday, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive week of inflows to altcoin funds, with investments into altcoin products increasing by 14.3% compared to last week’s $21 million. Ether (ETH) was the favored asset among institutional investors, with ETH-based products posting a weekly inflow of $17.2 million. The report noted that products tracking Ether and …

The Ethereum network continues to enjoy being the top smart contract platform in the blockchain industry. However, the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol. One project that has been gaining traction in August is Fantom (FTM), a layer one smart contract platform that utilizes a directed acyclic graph architecture as a means to solving the problems of slow transaction speeds and high transaction fees. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.15 on July 20, the price of FTM rocketed 500% …

There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September. Bybit data shows that since 2013, Bitcoin has closed September in the red for six years and has managed a positive monthly close only on two occasions. The best performance was in 2016 when Bitcoin rose 6.04%. However, September’s poor historical performance has not stopped small and large traders from accumulating Bitcoin in August. Ecoinometrics reported rising account balances for addresses holding 1,000 …

The cryptocurrency market once again finds itself waiting for some form of catalyst to get the prices moving, and this week commenced with the market moving sideways as Bitcoin (BTC) struggles to find its footing near $48,000. Several altcoins have managed to break free of the wider market malaise and post impressive gains, giving credence to Cointelegraph's Markets Pro data intelligence service, which is indicating that altseason has arrived. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Celo (CELO), Fantom (FTM) and Keep3rV1 (KP3R). Celo launches a “DeFi for the People” …

Every week, subscribers of Cointelegraph's data analytics platform receive a detailed breakdown of each algorithmic tool's performance. Over the weekend, Cointelegraph's Markets Pro data intelligence service, which offers institutional-grade research tools for crypto traders, shared the latest VORTECS™ Report with its subscriber community. The full report, available only to subscribers, zooms in on the past week’s biggest-gaining tokens as identified by the system's artificial intelligence tools and offers interpretations of the data that it makes available to traders. Here are some of the highlights of the latest report: Altseason is here. The Altseason Indicator, CT Markets Pro's metric that assesses …

Cream Finance, a major decentralized finance (DeFi) protocol focused on lending, has suffered a severe exploit, with a hacker stealing nearly $19 million from its platform. An unknown hacker has managed to gain $18.8 million in the latest flash loan exploit of the Cream Finance protocol through a reentrancy bug introduced by the Amp token, according to an investigation by blockchain security firm PeckShield. Announcing the news Monday, Cream Finance said that the protocol has stopped the exploit by pausing supply and borrow contracts on the Amp token. “No other markets were affected,” Cream Finance stated. C.R.E.A.M. v1 market on …

Solana (SOL) prices rose on Monday as traders speculated on what appeared to be a key but mysterious feature launch scheduled for later this week. The SOL/USD exchange rate climbed to a new record high of $103.06 following a 9.35% intraday rally. The upside move surfaced days after Solana introduced “Ignition” on its official media handles. However, the team provided little details about the tool but prompted the community to guess that it would be about burning SOL tokens. The speculation surfaced majorly because of Solana’s Ignition teaser video, which featured a purple flamed lighter. burn... — #A_freak_show_to_freaks (@JustDafong) August …

The enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost to on-chain activity. One protocol that has been gaining traction on the enterprise adoption front is XinFin Network, an enterprise-ready hybrid blockchain solution specifically designed to optimize international trade and finance. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.0673 on July 20, the price of the XinFin Digital Contract (XDC) token rallied 190% to establish a new …

On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test. In response to the speech, the U.S. dollar index (DXY) fell, the S&P 500 index rose to a new all-time high, and Bitcoin (BTC) surged about $1,500 in under an hour. This showed that market participants viewed the speech as “dovish.” Bitcoin’s uncertainty near the $50,000 mark has analysts divided about …

Whenever there's data out on futures contracts liquidation, many novice investors and analysts instinctively conclude that it's degenerate gamblers using high leverage or other risky instruments. There's no doubt that some derivatives exchanges are known for incentivizing retail trading to use excessive leverage, but that does not account for the entire derivatives market. Recently, concerned investors such as Nithin Kamath, the founder and CEO at Zerodha, questioned how derivatives exchanges could handle extreme volatility while offering 100x leverage. When a platform offers leverage or funds the customer to buy for more than the money in the account, the platform takes …