This week, the cryptocurrency market has been volatile. Bitcoin hit a high of $71,946.46, Ethereum broke through a key resistance level on expectations of an ETF approval, and Chainlink (LINK) saw strong price gains despite overall altcoin volatility. This suggests growing bullish sentiment toward LINK in the crypto community. Given the current market volatility, there…
Learn about Mysten Labs’ impact on the UAE’s technology scene with its new hub for cryptography and AI innovation. Explore the significant developments and what they mean for the future. Mysten Labs’ co-founder has launched an innovation hub in the UAE, emphasizing modern cryptography and AI. This initiative aims to establish the UAE as a…
Since breaking out of a bullish pattern recently, FLOKI’s price surged over 30%, indicating potential for more gains ahead. However, after a month of gains, FLOKI’s daily chart turned negative, with mixed signals on whether the bullish trend will continue or face challenges. Investors are now monitoring these indicators closely to determine FLOKI’s future trajectory….
Tech tycoon Elon Musk, who bought Twitter in October 2022 for $44 billion and renamed it X, has announced an upgrade to a key feature of his social media platform. This feature, called Community Notes, helps verify real information and correct false information. The announcement excited many XRP fans and meme lovers in the X…
Shiba Inu (SHIB) faced a bearish downturn as it couldn’t maintain its recent price gains over the past 24 hours. As of now, Shiba Inu is down by 1.68%, trading at $0.00002553. This decline is part of a broader trend, with SHIB’s value slipping 4.44% over the last 30 days, fluctuating between a low of…
Pepe Coin has surprised the market by reaching new heights despite experiencing significant liquidations. Its price soared to a new all-time high (ATH), making it a focal point in the cryptocurrency community. Despite facing challenges like substantial liquidations in the last 24 hours, Pepe Coin continues to advance in its cryptographic journey, achieving notable milestones….
On Wednesday, Nvidia Corp. (NASDAQ: NVDA), a top provider of AI software and hardware, announced its first-quarter fiscal 2025 earnings. The company reported $26 billion in revenue for the quarter, marking an 18 percent increase from the previous quarter and a substantial 256 percent rise compared to the same period last year. Nvidia (NVDA) Reports…
Recently, the cryptocurrency Shiba Inu (SHIB) has garnered attention due to a significant increase in its burn rate, which measures how many tokens are permanently removed from circulation. SHIB, well-known as a meme coin, has sparked renewed interest in the crypto community with its latest developments. As of Wednesday, May 22, the burn rate for…
Trump’s campaign has announced it will accept cryptocurrency donations for the 2024 presidential election. They’re accepting various currencies like Bitcoin, Ethereum, Dogecoin, Ripple, Cardano, Shiba Inu, Solana, and USD Coin. Supporters can contribute using wallets like Coinbase Wallet and MetaMask, marking a pioneering step in digital fundraising for political purposes. Trump Campaign’s “Crypto Army” Strategy…
DWF collaborates with Jupiter to pioneer innovations in the RWA sector. The Grand Unified Market initiative aims to integrate diverse assets into the Solana ecosystem, drawing participation from established players within the community. Digital Wave Finance (DWF), a major player in the crypto industry this past year, continues to attract attention with its recent developments….
Binance experienced a surge in Ethereum buying as traders aggressively acquired the top altcoin in anticipation of a spot Ether ETF approval. The demand was driven by optimism about the ETF’s potential approval, leading traders to buy Ethereum through market orders, despite higher prices. CryptoQuant observed a record-breaking spike in Ethereum’s Net Taker Volume on…
Fidelity has updated its essential S-1 form for an Ethereum ETF, clarifying that no staked tokens will be included. The SEC is currently reviewing Fidelity’s submission against the backdrop of evolving cryptocurrency regulations. This move by Fidelity aligns with a broader effort among major financial institutions to seek approval for Ethereum ETFs. Fidelity Files Updated…
New York Attorney General Letitia James has reached a $2 billion settlement with Genesis, the bankrupt cryptocurrency firms. This agreement is designed to help investors who suffered losses, particularly through the Gemini Earn program, with over 29,000 New Yorkers affected. The settlement includes setting up a fund to compensate defrauded investors and prohibits Genesis from…
A trader known as “dimethyltryptamine.eth,” who previously made a massive profit of 107,000x with Pepe coin, has now shifted focus to WOJAK coin. He sold MOG and purchased significant amounts of WOJAK in the past 24 hours. This trader, who famously turned $251 into $26.9 million with Pepe coin, has sparked excitement in the crypto…
The approval of the Ethereum ETF has sparked a bullish trend in altcoins, setting the stage for a potential rally among meme coins. These coins benefit from strong community backing, low market capitalization, and the potential for significant price movements. Leading the charge are top performers like PEPE, FLOKI, and BONK, which are poised to…
Bitcoin has climbed 5.57% in the past 24 hours to reach $70,914.89, marking a 13.43% increase from last week. Meanwhile, Ethereum has surged 16.45% since yesterday, trading at $3,645.54, and showing a 24.08% rise over the week. Currently, Bitcoin’s market capitalization stands at $1,399 billion, while Ethereum’s is at $439.12 billion. The global cryptocurrency market…
The world’s second-largest cryptocurrency, Ethereum (ETH), has surged 20% in the past 24 hours, showing strong bullish momentum. This rise comes as there is increasing optimism about the approval of a spot Ethereum ETF. The SEC’s encouragement for ETF issuers to submit their 19b-4 filings has fueled large-scale buying by whales. As a result, ETH…
Grayscale CEO Michael Sonnenshein has resigned after a decade with the company. Peter Mintzberg from Goldman Sachs has been named as his replacement. Michael Sonnenshein, who served as CEO of Grayscale Investments for a decade, has stepped down from his position. According to the Wall Street Journal (WSJ), Peter Mintzberg, currently the Global Head of…
Dogecoin, created in 2013 as a comic story or meme, has evolved from a light-hearted internet joke to a significant player in the cryptocurrency market. With its iconic Shiba Inu dog logo and vibrant community, Dogecoin has captured the attention of investors worldwide. Initially meant as a joke on the rising popularity of cryptocurrencies, Dogecoin…
Venezuela’s National Power Ministry has taken action against Bitcoin mining operations by disconnecting them from the country’s electricity grid and seizing more than 11,000 Bitcoin miners. This move aims to curb the high energy consumption associated with these mining farms, which has been straining Venezuela’s power resources. Venezuela’s Crackdown on Bitcoin Mining Farms Venezuela’s National…
The U.S. Congress recently passed a bill to reverse SEC’s Staff Accounting Bulletin No. 121, which currently mandates financial institutions to classify crypto assets as liabilities. However, President Biden has indicated he may veto the bill, underscoring his administration’s firm position on cryptocurrency regulation. The U.S. Congress has approved a bill aimed at changing SEC’s…
Cardano’s MVRV ratio has improved, signaling growing investor confidence and potential for positive price movements. Whale investors holding between 100 million and 1 billion ADA have increased their holdings by 11%. Additionally, ADA’s price has broken above a bullish flag pattern on its 8-hour chart, suggesting further upward potential. Cardano Shows Positive Signs with Improved…
Shiba Inu has experienced a surge in activity over the past 24 hours, with various entities, including large investors and exchanges, actively moving their SHIB holdings. This has led to an increase in significant transactions. Here’s a breakdown of these movements and the possible reasons behind them. Surge in Shiba Inu (SHIB) Transactions: What’s Happening?…
BNB is approaching a breakout from a bullish pennant pattern, hinting at the potential for reaching a new all-time high. Despite lower volatility recently, Binance Coin’s momentum suggests it could soon surge significantly, with its price currently poised at a critical level. BNB’s price has shown lower volatility in the past week. While several metrics…
Average investors often seek guidance from seasoned professionals for profitable investment opportunities. Cathie Wood, renowned for her expertise in disruptive technologies and innovative businesses, commands significant attention in the financial world. Wood and her firm, Ark Invest, are highly optimistic about a leading cryptocurrency, predicting it could surge to $3.8 million by 2030—an ambitious target…
Terra Luna Classic is considering a proposal to restore interblockchain communication (IBC) with the Osmosis protocol. This initiative aims to recover liquidity for LUNC and USTC tokens. If approved, transfers between Terra Luna Classic and Osmosis would resume under the Client ID 07-tendermint-12 on columbus-5, which references the expired Osmosis validator set. Proposal to Reactivate…
Chainlink’s price has surged by 20% over the past week, driven by increased accumulation. Recently, Chainlink (LINK) has gained significant attention and its price has risen substantially. LINK’s network activity rose alongside its price, showing promising metrics for continued price growth, although a few indicators suggested caution. Chainlink’s Recent Developments Chainlink (LINK) has seen a…
The Securities and Exchange Board of India (SEBI) has proposed guidelines to regulate cryptocurrencies to a government panel. SEBI suggests involving multiple regulators to oversee various aspects of cryptocurrency trading. On the other hand, India’s central bank, the Reserve Bank of India (RBI), considers cryptocurrencies a potential risk to the economy. They are concerned about…
Investors who bought the latest cryptocurrency listings on Binance in the past six months have seen their investments decline by over 18%, despite a general rally in the cryptocurrency market. A study by cryptocurrency researcher Flow revealed that more than 80% of these tokens lost value after being listed. Out of 31 tokens analyzed, only…
Prominent market analyst EGRAG has set multiple price targets for XRP, anticipating a retest of the “Line of Hestia” with an ultimate goal of $33. XRP has attracted significant market speculation, and EGRAG’s latest analysis outlines a roadmap for the cryptocurrency’s future price movements, building on his previous insights. Analyst EGRAG’s Insights on XRP’s Trend…
Solana’s price reaching $173 has excited investors, who see potential for further gains to $200 according to experts. This optimism is fueled by positive sentiment in the market and upcoming upgrades. Solana’s price has surged to $173, sparking excitement among investors who are closely watching its performance. Experts are optimistic about the rally continuing, especially…
Billionaire Elon Musk recently tweeted about a significant milestone reached by X. Musk, known for leading companies like Tesla and SpaceX, shared the news on social media, formerly known widely as Twitter. His announcement caught the interest of the XRP and DOGE communities, sparking enthusiasm and excitement among their members. Elon Musk Shifts Core Systems…
Telegram CEO Pavel Durov seemed to endorse the viral web3 clicker game Notcoin after its token launch on the TON blockchain. Notcoin has rapidly achieved a market capitalization of nearly $700 million, which Durov highlighted as an “amazing success story” in his Telegram channel. Notcoin’s Success on TON Blockchain Telegram CEO Pavel Durov appeared to…
Bitcoin’s price drop is seen as a normal correction and could lead to future growth, possibly reaching $100,000-$120,000. Analysts named top potential high-growth altcoins in 2024: INJ, LimeWire, DOT, SOL, ONDO. As Bitcoin consolidates, dropping up to 23% from its all-time highs, experts at Altcoin Daily remain optimistic. They believe Bitcoin could still reach $100,000…
The news of Bonk’s listing on Bithumb, South Korea’s second-largest cryptocurrency exchange, caused its price to jump by 7%. Bithumb plans to introduce Bonk and Zeta Chain (ZETA) to the Korean market on May 16th, sparking increased trading and excitement. This listing highlights how major exchange listings can significantly impact cryptocurrency values, potentially boosting BONK’s…
Cardano is having a calm month in the cryptocurrency market, yet whales are noticeably accumulating ADA tokens. According to IntoTheBlock, whales holding between 100 million and 1 billion ADA boosted their holdings by 11% through transactions last month. Brief: Last month, Cardano whales increased their ADA holdings by 11%. ADA is currently trading at $0.4594,…
The latest Chainlink platform update has significantly boosted confidence in the token, prompting whales to accumulate. Despite this bullish sentiment, the LINK community lacks the necessary strength, potentially complicating the continuation of the bullish trend. Bullish sentiment is sweeping through the crypto market, driven by Bitcoin’s strength and elevated performance of altcoins, including memecoins and…
Bonk (BONK) saw a 7% price jump after news of its listing on Bithumb, South Korea’s second-largest crypto exchange. Bithumb will add Bonk (BONK) and Zeta Chain (ZETA) to the Korean won market on May 16. The anticipation of this listing has already boosted trading and excitement in the market, highlighting how listings on major…
The Shiba Inu ecosystem expands with the launch of ShibaSwap on Shibarium, its Layer-2 solution, positioning the Shiba Inu token for potential growth. Shibarium emerges as a DeFi contender in the crypto space. Enthusiastic Shiba Inu (SHIB) supporters rejoice as ShibaSwap debuts on Shibarium, the project’s long-awaited Layer-2 scaling solution. This milestone signifies a major…
Cumberland, a big player in crypto trading, recently moved a whopping 194 billion Shiba Inu (SHIB) coins to platforms like Coinbase and OKX. This has investors worried about a potential drop in SHIB’s price. Such large transfers suggest Cumberland might be planning to take advantage of market conditions or sell off their holdings strategically. Investors…
Shiba Inu’s important whale on-chain metric skyrockets by a whopping 1,510%, indicating shifts in investor sentiment during uncertain market times. But what does this surge mean for SHIB’s price? In a remarkable twist, the meme-inspired cryptocurrency Shiba Inu (SHIB) has witnessed a staggering surge in a key on-chain metric in just 24 hours. Shiba Inu…
Robinhood Crypto announces the launch of a Solana-staking product for its European customers, alongside introducing a limited-time 10% bonus for new users during their first 30 days on the platform. Robinhood Crypto has revealed plans to introduce a Solana-staking product specifically for European users. Alongside this, they’ve announced a bonus program for new customers, offering…
Despite efforts, the price of LINK struggles to surpass $16.041, consistently showing lower lows and highs, signaling a bearish trend. However, despite these challenges, the transaction velocity for LINK remains high, indicating ongoing frequent trading activity. Lately, Chainlink has experienced a surge in development activities on its network. This increase is particularly noticeable in the…
PEPE’s market cap exceeds $4.4 billion amidst a surge in the meme coin sector. Solana-based meme tokens ROAR and GME also witness substantial gains. Despite PEPE’s sustained climb, whales are seen taking profits, indicating active investor participation. PEPE, a memecoin featuring a frog theme, has soared to remarkable heights, boasting a market capitalization surpassing $4.4…
El Salvador, which is among the first countries to accept Bitcoin as official money, has set up a special website to show how much Bitcoin it owns. This website helps keep track of the country’s Bitcoin savings. El Salvador, with support from The Bitcoin Office, has launched a new online platform to track its Bitcoin…
Coinbase plans to relist Terra Luna Classic (LUNC) on some platforms to show support. The American cryptocurrency trading platform, Coinbase Global Inc., is getting ready for this relisting. This news, circulating on Crypto X, is considered a major positive development that could help Terra Luna Classic reach new all-time highs. Allegedly, Coinbase has reinstated LUNC…
Bitcoin’s recent 2% rise has sparked speculation about a potential new rally in the cryptocurrency. Several factors, including developments at the Chicago Mercantile Exchange (CME), the state of the U.S. economy, and the actions of long-term holders, are playing roles in driving the crypto markets into positive territory. Bitcoin has surged by 2% within a…
Despite significant volumes being transferred off exchanges, the struggle persists for Solana’s price. On May 13th, a staggering 23 million Solana [SOL] was moved to undisclosed wallets, as reported by Whale Alert. The first transaction alone amounted to $1.58 billion, indicating considerable activity within the Solana network. While data indicates that participants are holding onto…
In a surprising twist, Shiba Inu (SHIB) saw a remarkable 7% surge in value within just one hour, making a standout move amid a broader recovery in the cryptocurrency market. What makes this rise even more noteworthy is that it happened without any significant news or announcements over the weekend, suggesting that technical factors played…
Twitter CEO Jack Dorsey has announced a daring investment plan for Bitcoin. He plans to use 10% of Block’s profits from Bitcoin-related products to buy more Bitcoin. This strategy reflects a traditional method of building wealth that anyone can follow. Dorsey’s move to boost his Bitcoin holdings shows his trust in the cryptocurrency’s investment value….