XRP’s price continues in a bearish state amidst an ongoing broader market selloff. The cryptocurrency market, including leading assets Bitcoin (BTC) and Ethereum (ETH), shows no signs of recovery, with both down by 2.88% and 3.95% to $39,736 and $2,322, respectively. XRP is also in the bearish league, experiencing a 2.59% drop in the past…
Today, the Shiba Inu burn rate experienced a notable increase, coinciding with significant SHIB whale activity during a price downturn. Shiba Inu, a leading meme coin on the Ethereum blockchain, created a frenzy in the broader crypto market on Tuesday with a remarkable surge in burn activity. On-chain data from Shibburn revealed a staggering 459%…
Following CryptoCom’s delisting announcement, the Terra Classic price has dipped below the pennant pattern, signaling a potential extended correction ahead. Amid crypto market uncertainty, the Terra Classic price, after a downward shift, is now trading sideways above the $0.0001 level, a key support corresponding to the 78.6% Fibonacci Retracement. This aligns with the formation of…
Chainlink and Circle are teaming up to transform the cryptocurrency landscape, with a particular focus on improving inter-chain transactions involving USDC, a widely recognized stablecoin. The partnership involves the utilization of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) in conjunction with Circle’s Cross-Chain Transfer Protocol (CCTP). This collaboration provides developers with the tools to build applications facilitating…
The crypto market experiences a downturn, witnessing a $100 million liquidation over 24 hours. This decline is attributed to factors such as profit-booking, uncertainty in the market outlook, and the impact of the Spot Bitcoin ETF. Amid a crypto market selloff on January 22, the cryptocurrency market witnessed a significant downturn, resulting in over $100…
Shiba Inu, an Ethereum-based altcoin, saw a notable surge in traction today with its burn rate spiking by 200%. Shiba Inu, often touted as the “Dogecoin killer,” experienced a notable surge in popularity within the broader crypto market on Monday. The token’s burn rate, as reported by Shibburn, exhibited a remarkable increase of over 200%…
Nearly two weeks post the approval and listing of various spot Bitcoin exchange-traded funds (ETFs) in the United States, it is safe to assume that the event had already been factored into the fourth quarter of 2023 Bitcoin (BTC) bullish breakout. The recent swift Bitcoin selloff from whale traders, short-term holders, and miners has significantly…
Crypto analyst Ben Armstrong forecasts a Bitcoin rally to $50,000, emphasizing its rebound from crucial support, marking the third occurrence. Additionally, Armstrong predicts a target of $11 for Cardano, the layer-one blockchain cryptocurrency. Renowned crypto influencer Ben Armstrong predicts a Bitcoin surge to $50,000 following the cryptocurrency’s rebound from crucial support. In a recent video,…
Indian exchange Flitpay has added Shiba Inu (SHIB) to its list of supported cryptocurrencies. Now, users on the Flitpay platform can easily buy, sell, and trade SHIB along with other digital assets. This move reflects Flitpay’s commitment to offering a diverse range of cryptocurrencies and staying responsive to the preferences of the growing crypto community…
Aave’s community has made a significant decision by overwhelmingly supporting the deployment of Aave V3 MVP on the Neon EVM mainnet. This unanimous decision, visible on the snapshot page, marks a crucial moment for Aave, signaling a new phase of innovation and growth. This move highlights the community’s united vision and dedication to leading transformative…
According to Bloomberg, Elon Musk and investors are in talks to finalize terms in the coming weeks. The discussions revolve around the potential acquisition of computing power, either in addition to or instead of xAI equity shares. Elon Musk refuted a report that claimed his AI company, xAI, had secured $500 million from investors for…
Securities regulators in Canada are suggesting new rules to bring more clarity and reduce risks for public investment funds involved in crypto assets. The proposed changes aim to limit the actions that public investment funds can take with cryptocurrencies and establish specific standards for holding these digital assets. Proposed Crypto Regulations for Canadian Investment Funds…
Solana’s price is currently exhibiting a bearish trend, and analysts foresee the possibility of a dip to $60 due to increased market volatility and uncertainty. Solana’s recent price movement has experienced a slight decline, dropping over 3% to $91.93 amid bearish market influences. Analysts speculate that this minor dip could contribute to expectations of a…
X, formerly known as Twitter, has disclosed its intention to launch a peer-to-peer payment system slated for 2024, with potential integration involving Dogecoin. The announcement has spurred a positive response in Dogecoin’s price, as the community eagerly anticipates the cryptocurrency’s incorporation into X’s upcoming payment platform. Social media giant X, formerly Twitter, is set to…
The API3 price surge has caught the attention of investors aiming for the $4.0 target in the near future. In a remarkable move, the API3 cryptocurrency has experienced a robust rally, soaring over 100% within the last 24 hours. Currently, the API3 price stands at $3.05, marking a significant 95% increase, and boasts a market…
Elon Musk has strongly rejected Bloomberg’s report about xAI funding, dismissing it as “fake news.” This denial has sparked conversations about how trustworthy AI investment reports really are. The dispute raises questions about the accuracy and credibility of information in the realm of artificial intelligence investments. Elon Musk Challenges Bloomberg’s xAI Funding Report In a…
DOT found itself at a crucial demand zone in recent trading sessions. However, a glance at the Open Interest chart revealed a persistent bearish sentiment over the past few days. Polkadot (DOT) faced a significant 20.5% price drop over the past eight days, slipping from $8.58 on January 11th to $6.82 on the 19th. However,…
Challenging the UN report’s assertions on USDT, Justin Sun emphasizes factual discrepancies and Tron’s dedication to blockchain integrity. The report associates USDT with money laundering and scams in Southeast Asia, but Tether defends its role in supporting developing economies. Tron underscores its limited control over third-party actions on its decentralized network, reiterating its leadership in…
KuCoin has officially declared its backing for Saros (SAROS), a project based on the Solana blockchain. Deposits for SAROS are now open on KuCoin, and trading is scheduled to commence on January 19 at 11 AM (UTC). Saros brings unique features to the table, including non-custodial wallets, DeFi functionalities, and an NFT hub. This strategic…
Bitcoin’s price might drop to $34,000, facing additional selling pressure, and could remain stagnant at that level for a period before initiating the next upward trend. Bitcoin, the biggest cryptocurrency, faced significant selling pressure as its price plummeted to $40,000 today. This occurred due to substantial outflows from the Grayscale Bitcoin Trust (GBTC), which shifted…
Jamie Dimon, CEO of JPMorgan Chase, advises investors to avoid bitcoin, sharing his personal advice against getting involved. Despite acknowledging it’s a free country and not wanting to dictate choices, Dimon expresses indifference to Blackrock embracing bitcoin. He asserts that, in his opinion, the cryptocurrency is mainly linked to illicit activities, showcasing his cautious view…
Many countries are considering digital currencies as more people shift from physical cash to online payments. The U.S. is actively exploring the idea of launching its own Central Bank Digital Currency (CBDC) in the ongoing discussions about modernizing payment systems. In his recent campaign speech in Portsmouth, New Hampshire, Donald Trump explicitly stated that, if…
In a smart move to make index and mark prices faster and easier to get, the Sui Foundation, known for creating the Sui layer-1 blockchain, has joined forces with Stork, a company that provides off-chain data feed services. This partnership aims to change how traders and developers get important market data, bringing in a new…
The Solana meme coin called Dogwifhat is on the rise again, hitting a new record high price. This surge could potentially contribute to the overall increase of SOL, and interestingly, it’s not BONK leading the way this time. Dogwifhat (WIF) is the latest Solana meme coin making significant gains, with a remarkable 51% surge in…
Bitcoin, not a bird or plane, but the cryptocurrency that’s been on a soaring journey, has hit a roadblock. The latest bull run, which lasted over a year in an upward trend, has encountered its first obstacle. The rally came to a halt because of a powerful sell signal that acted like a strong barrier,…
Dogwifhat (WIF) saw a big price jump recently, in line with the rising popularity of meme coins on the Solana blockchain. This surge indicates a notable increase in excitement and involvement in the world of Solana-based meme coins. The well-known Solana meme coin, dogwifhat (WIF), saw its price shoot up by around 25% shortly after…
On January 18, Binance Futures is set to introduce a DOGE Perpetual Contract, allowing trading with up to 75x leverage. This contract will be USDC-margined, offering users an opportunity to engage in leveraged trading with DOGE. Binance Futures, Binance’s trading platform for derivatives, is expanding its services by introducing a USDC-margined DOGE Perpetual Contract on…
In today’s cryptocurrency market, the ongoing correction seems to pause as Bitcoin makes an effort to maintain a position above $42,000. The key question is whether the recovery will continue. In today’s cryptocurrency landscape, there’s a slight relief in the ongoing correction as Bitcoin attempts to stabilize above $42,000. Despite the introduction of spot Bitcoin…
The XAI price experienced a boost after the Layer-3 gaming platform carried out a substantial airdrop of 125 million XAI tokens last week. Recently, the native cryptocurrency XAI of the gaming-focused “Layer 3” network Xai blockchain, which operates on the Arbitrum platform, experienced a notable surge. Currently, the XAI price is up by 24.69% at…
Gulf Binance, the collaboration between Binance and Gulf Energy, has officially started offering complete cryptocurrency exchange services to the public. This announcement was made by the company today. Gulf Binance, a partnership between Binance and Gulf Innova in Thailand, has introduced its cryptocurrency exchange services to the wider public in Thailand. This comes after conducting…
Some of the major cryptocurrencies are currently going through a correction, which means their prices are going down. However, there is a possibility that this trend could turn around, and they might start going up again. Shiba Inu’s chart for SHIB/USDT shows a pattern called an ascending triangle. This is a well-known technical shape, and…
Recent on-chain data reveals that the supply of Chainlink (LINK) on exchanges is at its lowest point in about four years. This could be seen as a positive sign for the future performance of LINK. The data, sourced from on-chain analytics firm Santiment, indicates that the recent rise in LINK’s value coincides with a decrease…
Binance has introduced MANTA Network as its 44th project, strategically aligning with the impressive growth of Manta Pacific, which now boasts a Total Value Locked (TVL) surpassing $800 million. This move showcases Binance’s commitment to innovation and its recognition of the significant impact of Manta Pacific in the decentralized finance (DeFi) sector. The addition of…
Toncoin experienced a rally, pushing its native token TON’s price up by around 15% in the last two days, hitting $2.35 on January 15. Instead of jumping to conclusions about what might have caused this surge, let’s examine the coin’s technical aspects and on-chain metrics. This analysis will help us understand potential price changes in…
Injective, a decentralized finance (DeFi) app platform, has shared exciting news that they plan to stake 50% of the total supply of INJ tokens. In a recent post on January 15, Injective highlighted the remarkable growth of its monthly staking protocol. As of January 14, over 47.7 million tokens are being staked, making up 47.7%…
With the introduction of the US Bitcoin ETF, the crypto scene is witnessing an unexpected rise in altcoins, shaking up the landscape and posing a challenge to Bitcoin’s usual dominance. It’s been four days since the exciting approval of the first-ever Bitcoin ETF in the US, and three days since it officially started trading. People…
Despite a general decline in the crypto market, Dogecoin, a leading meme coin, has shown resilience with a 3.5% surge in the last 24 hours. This positive movement comes as Bitcoin experiences an 11% drop from its weekly high, currently trading at $42,700 compared to $48,400. According to data from TheCoinMonitor, a significant amount of…
A new meme coin on the Solana network, called Dogwifhat, has surpassed its competitor Floki, which operates on the Ethereum blockchain, in terms of market value. This indicates a notable achievement for the Solana-based token. A recently emerged meme coin called Dogwifhat (WIF), built on the Solana blockchain, has surpassed the market capitalization of its…
The daily cumulative trading volume has experienced a significant decrease, dropping from $100 billion to $50 billion. Despite ongoing dips in the market, investors are viewing these fluctuations as opportunities that may yield future benefits, particularly in the context of upcoming ETF developments. Amidst these market changes, analysts are closely examining predictions for AVAX, CEEK,…
Dogecoin (DOGE) is getting a new purpose, thanks to Elon Musk, the world’s richest man. It’s been revealed that the popular meme coin will be accepted as a payment method for one of Musk’s upcoming projects. A Dogecoin community member known as DogeMemeGirl highlighted that DOGE is set to be accepted at Tesla’s upcoming supercharging…
Cardano’s native tokens have experienced substantial growth, adding an impressive 1.9 million to their count. This noteworthy increase reflects the growing activity and adoption of native tokens within the Cardano ecosystem. It suggests a vibrant and expanding ecosystem, as users engage with various tokens built on the Cardano blockchain. The surge in native tokens is…
Shiba Inu made a big impact on the global market as the token saw an impressive 6000% increase in its burn rate. Shiba Inu, a leading meme coin on the Ethereum blockchain, created a buzz in the crypto market as it recorded a colossal upswing in its weekly burn rate. According to on-chain data from…
The Hedera Council has approved the allocation of 5 billion HBAR for development, with a significant portion directed towards initiatives like the HBAR Foundation. This strategic decision comes on the heels of Hedera’s robust performance in 2023. The Hedera Council has taken a strategic step to boost the growth of the Hedera network. They gave…
A member of the Shiba Inu team recently shared what’s coming up for Shibarium and the exciting projects the team plans to release soon. Shiba Inu’s official marketing expert, known as Lucie on social media, recently took to Binance Square to communicate directly with the SHIB community. In a post, she shared insights into what…
Franklin Templeton has taken a significant step ahead in the competition for Spot Bitcoin ETF fees by reducing its fee by 10 basis points. This move positions Franklin Templeton as the provider with the lowest fee in this category. In a major development, Franklin Templeton, the issuer of the Spot Bitcoin ETF, has made a…
Bitcoin Cash (BCH) has recently surged by double digits, surpassing the $280 mark. This breakout follows a delayed response to the approval of spot Bitcoin ETFs. The price increase is a positive development for BCH holders who have patiently awaited the upward movement in response to broader market dynamics. Bitcoin Cash (BCH) Gains Momentum After…
The current BNB price is maintaining its gains above the crucial $300 level, displaying positive indicators that suggest a potential rally towards the resistance zone at $350. The BNB price is on an upward trajectory, surpassing the $300 resistance level and currently trading around $310. Notably, it is closely tracking the 100 simple moving average…
When the SEC gave the green light to all Spot Bitcoin ETFs, the price of $BTC didn’t show much change. In contrast, Ethereum (ETH) took off, skyrocketing by over 10% in a single day. If you were just casually checking out the crypto scene on Wednesday, things might have seemed a bit puzzling. They said…
Elon Musk recognized the technical excellence of the Bitcoin system and expressed his openness to the idea of using Bitcoin. He appreciates the engineering capabilities that support the Bitcoin infrastructure. On January 10, 2024, billionaire Elon Musk acknowledged the impressive technology of the Bitcoin system. He made these comments as the United States approved the…
Terra (LUNA) has shared a crucial update for non-fungible token (NFT) projects operating on its network. The announcement, posted by the official Terra X handle, brings attention to an upcoming era on the Terra network. According to the notice, interchain NFTs are set to debut on Cosmos, facilitated by the cross-chain NFT platform Ark Protocol….