Blog – Codeum

Exchange Netflow Registers Negative Spike –

On-chain data shows the Bitcoin exchange netflow has registered a negative spike recently, a sign that may be bullish for the price. Bitcoin Exchange Netflow Has Plunged In Recent Days As pointed out by an analyst in a CryptoQuant post, a large negative spike in the netflow took place just yesterday. The “exchange netflow” is an indicator that measures the net amount of Bitcoin that’s entering into or exiting the wallets of all centralized exchanges. Its value is naturally calculated...

Binance Refutes Reuters’ Claims of Commingling: “Story is so weak”

Key Takeaways Reuters published an article on May 23, alleging that Binance commingled customer money based on an insider scoop. Binance denies the allegations, stating that Binance keeps customer and personal funds on two separate ledgers. Share this article Binance, the world’s largest cryptocurrency exchange by trading volume, is staunchly denying allegations made by Reuters that it commingled customer funds with its own revenue in 2020 and 2021. Patrick Hillmann, Binance’s chief strategy officer, dismissed the report on Twitter as conspiratorial and...

3 Crypto Projects That Keep Linking With Andrew Tate

Crypto Market News: Popular influencer Andrew Tate lashed out at Ben.eth, the creator of PSYOP cryptocurrency. The recent popularity behind memecoins like PEPE Coin led to...

Tether Commits to Buying Bitcoin ($BTC) Using 15% of Net Realized Profits

Leading stablecoin issuer Tether, the firm behind the USDT token, has recently revealed that it amassed $2.5 billion in excess reserves, and that it now plans to use 15% of its realized net operating profits to invest in the flagship cryptocurrency Bitcoin ($BTC). According to a recent...

As Uniswap’s exchange flow turns positive, is a UNI dump in sight?

More UNI flowed into exchanges than out. The current token value could decrease further. The exchange netflow position change of the governance token of the Uniswap [UNI] protocol surged to a yearly high, according to data from Glassnode. The position change is an indicator that refers to the difference between the number of tokens flowing into and out of exchanges. Is your portfolio green? Check the Uniswap Profit Calculator The times of wary spikes As for UNI, the metric has been on the...

FUNToken listed on a top tier exchange, MEXC –

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up FUNToken is excited to announce that it has been listed on MEXC, a top-tier cryptocurrency exchange. This is a significant milestone for FUNToken, giving users more options to trade and buy FUN on different exchanges. The FUN/USDT trading pair is available on MEXC as of May 9th, providing users with a fast, secure, and reliable platform to trade FUN. The listing on MEXC...

Crypto Whale Loses $500K+ Speculating on Pepe Memecoin

Key Takeaways PEPE memecoin was listed on Binance on Friday and went from $0.00000420 to $0.00000211, resulting in huge losses for investors One whale is seeing huge losses — up to $500,000 after investing $2.46 million into PEPE Share this article Following its Friday launch on Binance, the PEPE memecoin dropped 38% after three days, resulting in steep losses for speculators.Pepe Coin (PEPE), the memecoin launched on April 15, has experienced a significant price drop recently, losing 38% of its value in...

NYAG Introduces Legislation to Protect Crypto Fraud Victims

The New York Attorney General’s Office (NYAG) has introduced legislation aimed at protecting cryptocurrency investors from fraud. The proposed bill would require companies dealing in digital...

Shiba Inu Community Burns Over 3 Billion $SHIB Tokens in April

The Shiba Inu ($SHIB) community has eliminated a staggering 3,269,676,832 (3.26 billion) SHIB tokens from circulation in April 2023, in a reduction to the meme-inspired cryptocurrency’s total supply that was achieved through a total of 125 transactions. The total amount burned represents a significant decrease in the...

Bitcoin [BTC] long-term holders cash in: Will the market crumble under sell-offs

Bitcoin’s long-term holders have been cashing in on their profits, with the SOPR reaching a new milestone. The profitability of short-term holders is declining, and a downtrend in Bitcoin’s price may occur. After months of holding onto their Bitcoin [BTC], long-term investors have finally been able to cash in on their profits. It has been nearly a year since they have had this opportunity. But as these seasoned traders take their gains, some wonder if this could damper Bitcoin’s steady...