Galaxy Digital is showing strong support for Avalanche (AVAX) by investing $26 million in it. This investment will be locked in for two years and has caused a significant rise in AVAX’s price. As a leading firm in the cryptocurrency market, Galaxy Digital’s move highlights its confidence in AVAX and signals potential long-term growth for…
Superstate, a blockchain-based asset management firm, has adopted Chainlink’s technology to expand its presence in the rapidly growing tokenization market. By integrating Chainlink, Superstate aims to leverage decentralized infrastructure to enhance the security and reliability of its asset management services. This move reflects the firm’s commitment to staying at the forefront of blockchain innovation while…
In a recent interview with Donald Trump, Elon Musk suggested creating a “government efficiency commission,” hinting at a potential role in the White House. The interview, which took place on Monday, covered a wide range of topics including inflation, trade, nuclear power, and education. However, they did not discuss Bitcoin or cryptocurrency, which disappointed the…
This article analyzes Toncoin’s recent price action, highlighting its drop to the critical $6 support level after a bullish run. Toncoin is currently trading at $6.27, down 5.19% in the last 24 hours. Its market cap is over $15 billion, with a trading volume of $373 million. While the market cap has fallen by 5.21%,…
Bitcoin (BTC) ended the week above $58,000, but it may face challenges in making further gains over the next week. Late summer often brings difficulties for Bitcoin bulls, so BTC might trade sideways for a while. After a recovery from last week’s yen carry trade sell-off, Bitcoin’s price fell again towards the end of the…
As of August 12, she has a 52% chance of winning, putting her ahead of Donald Trump for the second time. This is a significant turnaround from June 27, when her chances were just 1% before Biden dropped out. Harris reached the 50% mark on August 10, and her chances have been boosted further by…
Bitcoin recently dropped below $60,000, which hit the broader crypto market hard. Ethereum and other altcoins also saw big drops, though DOGE held its support at $0.10. After a calm Saturday, the market turned down on Sunday, led by Bitcoin’s fall. Things got worse last Monday when Bitcoin dropped to $48,800, influenced by Japan’s economic…
Robert Kiyosaki, the author of “Rich Dad, Poor Dad,” recently used a quote from Winston Churchill to critique the traditional education system. On social network X, Kiyosaki shared Churchill’s metaphor about birds raised in cages to point out what he believes are major flaws in conventional education. He used this metaphor to argue for a…
Starknet (STRK) holders are showing strong resilience, refusing to give up despite the token’s tough performance. The upcoming mainnet upgrade offers a glimmer of hope, especially as network activity picks up again. The STRK price is currently positioned to potentially break out of a descending triangle, which could push it toward $0.62 if successful. Since…
VeChain is improving supply chain management by using blockchain technology to boost transparency and efficiency. Stellar makes cross-border transactions faster and cheaper while also supporting the creation of new digital currencies. Terra is innovating with stablecoins and a strong DeFi platform, offering stability and a range of financial services. If you want to diversify your…
Ripple’s CEO stated that their new partnership with the DIFC Innovation Hub will help boost blockchain technology in the region. Ripple is teaming up with the Dubai International Financial Center (DIFC) to support blockchain and crypto innovation in the UAE, particularly for early-stage companies and scale-ups. This collaboration is a major milestone for the DIFC,…
VeChain (VET) could rise to $0.60 in six months, with increasing market interest despite the current bearish trend. Indicators like RSI and MACD suggest a possible trend reversal, as buying pressure builds and bearish momentum weakens. Recent price gains show growing confidence and potential for further bullish movement. Analyst Predicts VeChain (VET) Surge to $0.60…
Shytoshi Kusama, the lead developer of Shiba Inu, has been active on X, engaging with Jordan Jefferson, the founder of the MyDoge wallet. Jefferson recently announced an upcoming Dogecoin game, highlighting a new development for the Dogecoin ecosystem. In response, Kusama humorously endorsed Shiba Inu’s game, Shiba Eternity, while making a lighthearted jab at the…
Crypto analyst Lark Davis has identified nine reasons to remain positive about the market. He emphasizes that anticipated interest rate cuts could enhance market liquidity, benefiting risky assets like cryptocurrencies. Additionally, the significant growth in Bitcoin ETFs, including a recent inflow of $283.87 million, supports a bullish outlook for Bitcoin. Recently, Bitcoin’s (BTC) price has…
Ripple’s payment of a $125 million fine within 30 days could mark the conclusion of its prolonged legal battle with the SEC. Analysts are optimistic that XRP might experience a significant price surge, potentially reaching $525.55, driven by increased institutional adoption and record transaction volumes. However, technical indicators present a mixed outlook for XRP. The…
The Terra Luna Classic community has approved the long-awaited Tax2Gas proposal by core developer Genuine Labs, causing the LUNC price to rise by 5%. This major upgrade will be implemented on the Terra Luna Classic chain, simplifying the handling and calculation of taxes. The approval of this proposal is expected to have a significant impact…
Custodia Bank founder Caitlin Long has criticized the recent White House meeting with crypto leaders, deeming it ineffective. She highlighted concerns about Operation Choke Point, a U.S. regulatory effort to use financial restrictions to target the cryptocurrency industry. In response to recent enforcement actions by the U.S. Federal Reserve against the crypto-friendly Customers Bank, Tyler…
Donald Trump Jr. has issued a warning about scammers pretending to be members of his family in the lead-up to a planned crypto project launch. He emphasized that these scammers are exploiting the Trump name to deceive people. Eric Trump has also confirmed this warning, suggesting that the family may be increasingly focused on launching…
Binance has announced that its security team has successfully recovered or frozen over $73 million in funds stolen through various crypto hacks and scams. These funds, as of July 31, 2024, were connected to numerous external hacks that occurred across the crypto market. Notably, about 80% of the recovered funds came from external hacks, thefts,…
FTX and Alameda Research have been approved to repay $12.7 billion to creditors. The Commodity Futures Trading Commission (CFTC) waived civil monetary penalties to ensure the full repayment amount. Additionally, both FTX and Alameda are permanently banned from trading digital asset commodities. In a major update to the FTX bankruptcy case, New York Judge P….
Ripple’s international XRP and On-Demand Liquidity (ODL) sales remain unaffected by the recent court ruling. Judge Analisa Torres rejected the SEC’s proposed rules for regulating ODL sales. Following this favorable decision, XRP’s price surged 27% to $0.63. Ripple’s ongoing legal battle with the SEC has created significant buzz in the crypto industry. Many investors and…
The Brazilian Securities and Exchange Commission (CVM) has given the green light to a spot Solana exchange-traded fund (ETF). Developed by Brazilian asset manager QR Asset and managed by Vortx, the ETF is currently in a pre-operational stage. It is now awaiting final approval from the Brazilian stock exchange, B3, before it can commence trading….
Binance has listed Toncoin (TON) with several trading pairs, causing its price to jump over 10%. Trading started on August 8, 2024, and the Seed tag indicates that there could be higher price swings. In response, TON’s 24-hour trading volume surged by 90% to $657 million. Binance, the world’s largest cryptocurrency exchange by trading volume,…
Grayscale has introduced two new investment products: the Grayscale Bittensor Trust and the Grayscale Sui Trust. The Bittensor Trust will invest in TAO, the token for the Bittensor Protocol, which incentivizes the development of open-source AI. The Sui Trust will focus on SUI, the token for the Sui network, a layer-1 blockchain that supports decentralized…
Binance, the world’s largest cryptocurrency exchange, saw a net inflow of $1.2 billion in just 24 hours following massive sell-offs due to Monday’s market crash. This inflow is the highest recorded in a single day this year, according to Binance CEO Richard Teng. Richard Teng, CEO of Binance, cited data from Defi Llama showing the…
Polygon (MATIC) recently fell below the $0.50 support level, which is now acting as immediate resistance. Currently trading at $0.41, MATIC is under bearish pressure as market sentiment remains weak. On August 6, 2024, Coinglass data revealed a significant increase in MATIC liquidations, with short positions at $371.67K compared to long positions of $89.07K. This…
Bitcoin has seen a significant change in market dynamics over the past month. Large-scale holders, known as whales, have been accumulating substantial amounts of BTC. On-chain data shows that nearly 404,448 BTC, worth around $23 billion, have been moved into “permanent holder addresses,” indicating an accumulation phase. This trend comes amid global market uncertainties and…
The meme coin sector has bounced back from recent market losses. On August 6, Shiba Inu (SHIB) saw a 20% increase, along with a significant rise in transaction volume and burn rate. Overall, the meme coin market recovered, with its total value climbing above $40 billion, thanks to notable gains from Dogecoin, Pepe, and Bonk…
Cryptocurrency exchange Binance is facing a major tax issue in India after the country’s tax authorities issued a notice demanding a Goods and Services Tax (GST) payment of $86 million. The Directorate General of GST Intelligence claims that Binance collected fees from Indian customers for trading virtual digital assets without remitting the appropriate taxes, according…
Kamala Harris has chosen Minnesota Governor Tim Walz as her Vice Presidential candidate for the upcoming U.S. election. This news has added to the excitement around the presidential race, which has already been generating a lot of buzz, especially with the Trump versus Harris matchup. The latest announcement about Walz joining Harris has further increased…
Even with Bitcoin and Ethereum prices recovering, ETFs tied to these cryptos faced large outflows. Bitcoin ETFs saw over $400 million in withdrawals since early August. Ethereum ETFs had $341.35 million outflow in the first week and another $169.35 million the next week. Grayscale’s GBTC also experienced $69.12 million in outflows in just one day….
The Ethereum Layer-2 Ronin Bridge has reportedly been hacked, with two suspicious transactions indicating the theft of $12 million in crypto assets. This hack is a significant setback for the Ronin Network, leading to the loss of about $12 million in Ethereum (ETH) and USD Coin (USDC). This incident adds to the troubled history of…
With a 36% drop in Vechain (VET) price struggling to maintain bullish support at $0.020, the altcoin may face further declines. The ongoing bear market has hit Vechain hard, with an influx of supply putting pressure on altcoins. As the VET token’s decline continues, buyers are finding it difficult to hold the crucial $0.020 level….
The global financial markets are experiencing significant turmoil, with the crypto sector being no exception. South Korea’s stock market has plunged by 4%, officially entering correction territory. Meanwhile, Japan is facing its worst two-day drop in history, surpassing even the infamous Black Monday crash of 1987. This steep decline raises concerns about a potential larger…
On Monday, Cardano’s price fell to $0.3271, reflecting a 10.27% decrease from the previous day. This marks the largest single-day percentage loss for Cardano since July 4. The decline has pushed Cardano’s market cap down to $12.24 billion, now making up just 0.61% of the total cryptocurrency market cap. At its highest, Cardano’s market cap…
Ethereum has been severely affected by the recent market downturn, which has wiped out half a trillion dollars from the crypto sector. The price of Ethereum dropped 23% in under 24 hours, despite the recent launch of the first spot Ethereum exchange-traded funds (ETFs) in the U.S. Ethereum fell from about $2,900 late on Sunday…
Two U.S. Senators have introduced a bill designed to enhance the Secret Service’s ability to tackle cryptocurrency-related crimes. The proposed legislation aims to grant the agency more authority and resources to investigate and prosecute offenses involving digital currencies. This move reflects a growing recognition of the need for specialized law enforcement capabilities in the rapidly…
Dogecoin recently saw a large outflow from exchanges, with $30 million worth of DOGE being withdrawn. This could be a positive sign for the asset. The overall market decline has led to cryptocurrency liquidations soaring to $200 million, coinciding with this outflow. Recently, $30 million worth of Dogecoin was withdrawn from exchanges. This coincided with…
In July, the U.S. added 114,000 jobs, but the unemployment rate went up to 4.3%. This increase in unemployment has led to speculation that the Federal Reserve might lower interest rates soon. If the Fed cuts rates in September, it could help boost Bitcoin’s price, which is expected to be between $61,000 and $70,000 in…
Meme coins on Solana are booming, making it known as “the blockchain of fun and for the people,” according to one expert. In July, decentralized exchanges (DEXs) on the Solana network surpassed those on Ethereum in trading volume for the first time. According to DeFiLlama data, Solana surpassed Ethereum in overall trading volume for decentralized…
Cryptocurrency traders believe that Ether’s next move is crucial not only for its own price but also for Bitcoin. Ether is currently holding onto a critical support level and is at a tipping point. If it fails to maintain this support, it could lead to a decline below $2,800, which could have broader implications for…
The Islamic State (IS) group is now endorsing cryptocurrency to fund its operations, as long as it complies with Sharia law principles. A recent UN report reveals that IS affiliates are increasingly requiring Sharia compliance checks for their digital assets. The report also notes that IS has set up dedicated channels on Telegram, such as…
Famous cryptocurrency educator Investor Ben has set yearly price targets for ten crypto assets, including Bitcoin, Shiba Inu, Solana, and Avalanche. The ongoing conflict between Israel and Hamas, along with other global economic and sociopolitical events, has impacted the financial market, leading to a significant decline in the prices of various financial instruments, including cryptocurrencies….
Robert Kiyosaki, the investor and author of “Rich Dad Poor Dad,” has shared his thoughts on the current market crash with his followers on X. Despite the downturn, he believes that this is a time to look for opportunities. Kiyosaki sees potential for investors and entrepreneurs to grow their wealth, even in a crashing market….
Dogwifhat (WIF) has become a popular memecoin in the Solana ecosystem. Recently, a noteworthy transaction grabbed attention: someone, possibly using five different wallets, sold 14.53 million WIF tokens and turned an initial investment of $5,340 into $24 million. Although Dogwifhat’s market cap has dropped from $3.5 billion to $1.612 billion due to a recent market…
Elon Musk’s X app has recently obtained 35 state licenses for payments, moving closer to becoming both a social and financial platform. The community is excited about the possibility of using Dogecoin (DOGE) on X’s payment platform. Additionally, X has introduced new methods for content creators to earn money, aligning with Musk’s vision of integrating…
The strategy head at 21shares said the recent bitcoin selloff happened after the Federal Reserve kept interest rates unchanged. This was partly due to rising geopolitical tensions in the Middle East, causing a temporary shift to safer assets. He also mentioned that expected interest rate cuts later this year could increase global liquidity, benefiting risk…
Morgan Stanley is the first major Wall Street bank to let its financial advisors offer Bitcoin ETFs to clients. Starting August 7, 2024, advisors will be able to recommend these investments to eligible clients, according to CNBC. Morgan Stanley has about 1,500 advisors who can now recommend shares of BlackRock’s iShares Bitcoin Trust and Fidelity’s…
Worldcoin, once praised for its ambitious vision, is now encountering significant issues. Led by Sam Altman of OpenAI, the project is grappling with problems such as token dilution, market manipulation, and regulatory hurdles. These challenges have cast doubt on the project’s ability to achieve its goal of establishing a global digital identification system. As scrutiny…
Bitcoin (BTC) started August with a bearish trend and continued to drop in the past 24 hours. The price fell over 2 percent, trading around $63,981 on Friday morning. The decline also affected the altcoin market, reducing the total crypto market cap to about $2.39 trillion. As a result, over $245 million was liquidated from…