Cryptocurrency

WonderFi's Expansion into Australia and the Future of Crypto Industry

Wednesday. August 14 at 12:30 PM

1 min. read

Dean Skurka, the president and CEO of WonderFi, along with Tim Lo, the head of the Australia and Asia Pacific markets, spoke with Cointelegraph at the Blockchain Futurist Conference in Canada about the company's recent expansion into Australia and the outlook for the crypto sector. Skurka highlighted that entering the Australian market marked WonderFi's first step in global expansion, citing similarities in demographics and regulations with Canada. He emphasized the company's strategic focus on long-term market service. Skurka also noted the increasing crypto adoption and anticipated advancements in user interfaces. Lo, from WonderFi's APAC markets, shared his perspective on the industry's early stage, foreseeing institutional investors' growing interest in digital assets. He discussed the potential for market growth with the introduction of crypto ETFs in the US. Skurka previously linked retail investors' engagement in digital assets to interest rate cuts and ETF launches, suggesting a gradual increase in market participation over the coming months.

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Hedera's HBAR Value Declines by 12% in a Week

Monday. January 13 at 10:00 PM

Hedera's HBAR has seen a 12% decrease in value over the last week, currently trading at $0.26, its lowest in seven days. Futures traders are showing a preference for short positions, indicating a bearish sentiment with a Long/Short Ratio of 0.86. This ratio suggests more short positions than long ones, signaling an expectation of further price drops. The declining open interest in the HBAR futures market supports this bearish outlook, falling by 17% to $315 million. The drop in the Accumulation/Distribution Line by 6% on the daily chart indicates weakening buying activity. If selling pressure continues to increase, HBAR's price may fall below $0.24 towards $0.16. Conversely, a surge in demand could push the price up to $0.33. This analysis serves for informational purposes only and not as financial advice. Market conditions can change rapidly, so it's essential to conduct personal research and seek professional advice before making any financial decisions.

Cryptocurrency

Cryptocurrency ETPs Experience Inflows Amid Bitcoin Sell-Off

Monday. January 13 at 9:00 PM

Cryptocurrency exchange-traded products (ETPs) saw a modest $47 million in inflows last week following a significant drop in Bitcoin investment products. CoinShares reported that investors injected around $1 billion into crypto ETPs during the second trading week of 2025, which was offset by $940 million in outflows. The outflows were influenced by new macroeconomic data and Federal Reserve minutes indicating a stronger US economy. Despite this, Bitcoin investment products received $213 million in inflows for the week. Ethereum ETPs experienced the largest outflows at $256 million due to a broader tech sell-off. XRP, on the other hand, saw significant inflows of $41 million. The US, Switzerland, Germany, and Canada were major contributors to crypto ETP inflows, while Hong Kong and Sweden saw notable outflows. Overall, the crypto market remains dynamic with various factors influencing investment decisions.

Cryptocurrency

Analysis of Celestia's Price Decline

Thursday. January 9 at 8:00 PM

Celestia's (TIA) price has dropped significantly, decreasing by over 15% in the past 24 hours and nearly 40% in the last 30 days. With a market cap of $2.2 billion, bearish signals are prevalent in technical indicators, including a death cross formation, indicating the potential for further decline. While TIA is holding support at $4.54, market sentiment remains negative, requiring a breakthrough of $5.50 resistance for recovery. The Average Directional Index (ADX) for TIA has risen to 35.2, showing a strengthening downtrend. The directional indicators reveal a decline in buying pressure (+DI) and a surge in selling pressure (-DI), confirming seller dominance. Ichimoku Cloud analysis indicates a strong downtrend, with the recent death cross intensifying bearish momentum. TIA's price faces downward pressure unless buying interest increases. Breaking back into the cloud for recovery seems unlikely based on current indicators.

Cryptocurrency

Success of a Solana Trader in Cryptocurrency Investments

Thursday. January 9 at 7:00 PM

A Solana trader has gained attention for earning nearly $20 million each from $ai16z and $Fartcoin, boasting an 89.07% win rate over the last month. By investing early in low market cap cryptocurrencies, the trader has achieved significant profits, as indicated by on-chain data. Recent movements show a shift towards other low market cap cryptocurrencies. With the crypto industry flooded with numerous cryptocurrencies, selecting promising ones to invest in can be overwhelming. However, some investors like this Solana trader stand out with remarkable returns, making crypto investments seem effortless. Notably, the trader's success with $ai16z and $Fartcoin has been exceptional, with returns of 6,400x and over $18 million respectively. The trader's recent investments in tokens like $OPAIUM and others suggest a continued interest in high-risk, high-reward opportunities. Keeping an eye on these low market cap cryptocurrencies, particularly $OPAIUM, could prove beneficial.

Cryptocurrency