and the distribution of digital products.
Coinspeaker
Bitcoin (BTC) Price Signals Potential Rally to $70K Fueled by Rising Demand from Institutional Investors
Bitcoin (BTC) price has been attempting to mirror the ongoing bullish recovery set by Gold and traditional stock indexes. The flagship coin closed Wednesday, August 21, trading around $61k, signaling a potential bullish pump ahead. However, Bitcoin price is not yet out of the woods based on technical and fundamental aspects.
Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone.
Coinspeaker
Crypto Exchange Bitget Adds Support for PayPal’s Stablecoin PYUSD on Solana
Cryptocurrency exchange Bitget announced today that it has added support for PayPal’s PYUSD stablecoin on the Solana blockchain, extending the digital asset to a broader range of users.
Coinspeaker
Former FTX Exec Ryan Salame Seeks to Void Guilty Plea Over Broken Government Promise
Ryan Salame, a former top executive at the beleaguered crypto exchange FTX, is asking a United States federal judge to cancel his guilty plea for violating campaign finance laws. He claimed the government failed to uphold a crucial part of the agreement.
Coinspeaker
NBA Star Jimmy Butler and ‘BitBoy’ Settle $340K Binance Promotion Lawsuit
Miami Heat’s Jimmy Butler and crypto influencer Ben Armstrong, widely recognized as “BitBoy”, have agreed to a combined $340,000 settlement to resolve a class-action lawsuit accusing them of promoting Binance, which is alleged to have sold unregistered securities.
The Bitcoin (BTC) market appears to be now experiencing a concerning trend, according to the latest report from an on-chain data provider, CryptoQuant. In the report, CryptoQuant discloses a notable slowdown in the growth of whale holdings, which refers to the accumulation of Bitcoin by large-scale investors.