Cryptocurrency

News

  • Bitcoin Stuck: Here Are 2 Things That Must Happen For BTC To Break $72,000
    by Dalmas Ngetich on 13. June 2024 at 20:00

    At spot rates, Bitcoin is firm, but traders doubt the uptrend following the unexpected dump on June 11. Currently, Bitcoin is stable, trending above $67,000 and down despite gains on June 12. Still, even at this level, there are concerns because the coin, despite all the confidence across the board, remains below $72,000. This reaction line is emerging as a key liquidation area. If broken, BTC could unleash a wave of short liquidation, accelerating the lift-off to $74,000 and beyond. Will Bitcoin Demand Soar In Spot Markets? Taking to X, one on-chain analyst said that Bitcoin is stagnating at spot levels below $72,000 because hedge funds are short on futures. Related Reading: Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL? Though this has been a known development for a while, hedge funds have stacked their BTC shorts via the Chicago Mercantile Exchange (CME) by over $1 billion in the last week alone. Therefore, the analyst says two things must happen to reverse this effect and support prices. Although the BTC shorting on CME is not necessarily a bearish signal, hedge funds are hedging by playing a sophisticated arbitrate strategy, and coin holders must look at fundamentals. Hedge funds are simultaneously shorting BTC futures on CME and buying on the spot market. Therefore, for the coin to break $72,000 and pierce $74,000, the analyst said users must buy at least 2X the amount of BTC futures shorted in the spot market. BTC Prices Must Fall For Short Sellers To Exit If there is no incentive to lift spot prices higher, then Bitcoin prices must fall. Falling prices will encourage short sellers, in this case, the hedge funds, to exit their positions lest they continue paying funding rates. In a bearish market, and when futures prices begin to fall, short sellers must pay longs for the index not to deviate. Whether there will be a spike in demand in the spot market remains to be seen. However, what’s evident is that institutional interest in Bitcoin is there, only that hedge funds, as seen from their arbitrage trade using CME, want to profit, regardless of price movements. Related Reading: Dogecoin Under Pressure And ‘Going To Zero’, Analyst Says – Here’s Why The analyst also shared another chart to solidify the bullish outlook. The trader used the “Growth Rate” metric to compare changes in Bitcoin’s market and realized cap. Currently, the metric is at around 0.001, way below 0.002, meaning the market is highly likely overheated. Bulls might be preparing to make a comeback. Feature image from DALLE, chart from TradingView

  • Protocol Village: Manta Foundation Launches $50M EcoFund and Ecosystem Grand Program
    by Bradley Keoun on 13. June 2024 at 19:49

    The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.

  • Taiwan establishes association to help crypto firms self regulate
    by Cointelegraph by Turner Wright on 13. June 2024 at 19:49

    The association was formed after the country’s Justice Ministry proposed AML amendments for crypto firms that could result in penalties, including up to two years in prison.

  • Bill to Kill US Federal Reserve Was Inspired by Bitcoin Book
    by Andrew Throuvalas on 13. June 2024 at 19:42

    “The Bitcoin Standard” inspired Rep. Thomas Massie to bring back legislation to end the Fed for the first time in a decade.

  • Gensler confirms spot Ethereum ETFs will be approved ‘this summer’ during Senate hearing
    by Assad Jafri on 13. June 2024 at 19:33

    SEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US. Gensler confirmed that the ETFs would be able to launch by the end of summer, well The post Gensler confirms spot Ethereum ETFs will be approved ‘this summer’ during Senate hearing appeared first on CryptoSlate.

  • Trump or Biden? Why Crypto Could Decide the Next US President
    by Tor Constantino on 13. June 2024 at 19:16

    Polling data shows that crypto support could tip the balance in a close race for the White House. Here's how it could impact Biden and Trump.

  • 'Bitcoin is Exponential Gold', Says Fidelity’s Director of Global Macro
    by Nik Hoffman on 13. June 2024 at 19:09

    Fidelity's Jurrien Timmer said Bitcoin is an aspiring player on the store of value team.

  • Paradigm raises $850M for third crypto fund
    by Cointelegraph by Ana Paula Pereira on 13. June 2024 at 19:04

    Paradigm has been discussing its new crypto fund for the past few months as markets rebounded.

  • Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations
    by Rubmar Garcia on 13. June 2024 at 19:00

    The celebrity memecoin mania has added a new player with the recently launched Daddy Tate (DADDY). The token, promoted by the controversial figure Andrew Tate, has gained traction, surpassing Iggy Azalea’s MOTHER.  However, Tate is now accused of some concerning activity for crypto investors. Related Reading: Dogwifhat To Tumble? Analyst Sets $1 Target For WIF Andrew Tate Endorses DADDY On June 11, former pro kickboxer and controversial online figure Andrew Tate started promoting a new memecoin. The DADDY token was marketed as the direct competition to Iggy Azalea’s MOTHER, the most successful celebrity launch. Before he endorsed DADDY, Tate stated he held zero tokens but was aware there were hundreds of memecoins related to his likeness. Days later, he invited popular crypto trader Ansem to fight him in a boxing match, claiming this was “his cycle.” He also suggested that the loser donates $10 million to a token of the winner’s choosing. Tate’s approach received mixed reactions from the members of the crypto community. Content creator Jakey jokingly claimed that Crypto Twitter was the new YouTube. Another user stated, “Every day we get further away from god.” On Tuesday, Tate promoted the Daddy Tate memecoin, which was also received with mixed feelings and some criticism. The promotional posts targeted Azalea’s MOTHER while making sexist “jokes” and using domestic violence as a punchline. I heard about a coin called mother so now I’m supporting a coin called $DADDY to flip it for the patriarchy. We’re bringing the Gs back make me a fucking sandwich females. Tate’s Memecoin Called Out For Insider Trading On Wednesday, crypto analytics firm Bubblemaps accused the token of having “huge insider activity.” According to the firm, they found suspicious activity before Tate started promoting DADDY. Bubblemaps revealed that insiders allegedly bought 30% of the token’s supply at launch. On June 9, Daddy Tate’s team sent 40% of the total supply to the former kickboxer, which he promised not to sell. Additionally, he bought $10,000 worth of DADDY and burned it. Despite this, the token seems to “have a catch.” Per the report, 11 wallets are holding 20% of the supply. These wallets were founded through Binance with “nearly identical amounts at the same time.” Moreover, they bought the tokens, worth around $30 million, on June 9, before the team started to promote the token on X. The firm claims that the timing and amounts “strongly suggest” the wallets belong to the same group. Similarly, two other clusters hold an additional 10% of the supply and seem to be linked through a third wallet. Bubblemaps urged investors to remain cautious as the insiders “seem to be active on $DADDY and are trying to cover their tracks.” The firm warned that “one of these wallets could nuke the liquidity pool.” DADDY Surpasses MOTHER After Tate’s post about DADDY, the crypto community called him out for his posts. Some users suggested he returned when the token was a MOTHER’s level. At the time, Daddy Tate had a $45 million market capitalization and was trading at $0.1499. Nonetheless, DADDY gained traction on Wednesday, surging to $0.36. In 24 hours, the token increased by 143% to a new all-time high (ATH) and reached a $280 million market capitalization. This performance saw the memecoin surpass MOTHER despite the controversial promotion and insider activity allegations. Since then, the token has retraced to the $0.24 price level, a 32% decline in the last 12 hours. DADDY had a market cap of $240 million at the time of writing. Meanwhile, MOTHER saw a 46% surge on Wednesday, which propelled the price from $0.15 to $0.22. In the following hours, the memecoin’s price declined 36% to the $0.14 range before recovering. Related Reading: FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay As of this writing, Azalea’s token is trading for $0.17 and has a market capitalization of $169 million. Despite retracing nearly 40% since its June 5 all-time high, MOTHER still exhibits a 1,900% increase from its launch two weeks ago. Featured Image from Unsplash.com, Chart from TradingView.com

  • Telegram Games ‘Tapswap’ and ‘Yescoin’ Launching Tokens on The Open Network
    by Andrew Hayward on 13. June 2024 at 18:53

    After the huge Notcoin airdrop and the Hamster Kombat hype, other Telegram-based games are coming to The Open Network (TON).

  • Curve founder repays 93% of $10M bad debt stemming from liquidation
    by Cointelegraph by Zhiyuan Sun on 13. June 2024 at 18:52

    The DeFi protocol's native token plunged by 28% in a single day due to liquidations stemming from a hack attempt.

  • Tim Ryan: Crypto is gaining popularity among Democrats, ‘Gensler will be gone’ soon 
    by Micah Zimmerman on 13. June 2024 at 18:42

    Former Democratic Representative Tim Ryan believes crypto is gaining popularity in the Democratic party. With crypto gaining popularity as a political issue in the United States, it’s no surprise that Democrats are starting to embrace the crypto industry. This not-so-subtle…

  • ‘Clown World:’ Crypto Community Lambasts Biden Over Coinbase Campaign Donation Plan
    by Martin Young on 13. June 2024 at 18:35

    The Joe Biden election campaign has come under heavy fire from the crypto community for an apparent acceptance of digital asset donations. 

  • President Biden announces picks for SEC, FDIC and Treasury leadership
    by Cointelegraph by Turner Wright on 13. June 2024 at 18:25

    CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC.

  • GameStop Servers Crash as Fans Flood Board Meeting for Signs of Roaring Kitty
    by Ryan Gladwin on 13. June 2024 at 18:21

    Overwhelming interest from GME investors crashed GameStop’s board meeting servers, leaving investors wondering about Roaring Kitty’s position.

  • With a 13% surge in Notcoin, this gaming token’s potential for explosion looms
    by Guest Post on 13. June 2024 at 18:10

    Notcoin rises 13% post-debut, ranking 2nd. PlayDoge raised $4.1M in 3 weeks, sparking comparisons. #partnercontent

  • Paradigm announces $850 million fund for early-stage crypto projects
    by Benson Toti on 13. June 2024 at 18:07

    Paradigm, a crypto-focused venture capital firm, has announced a new $850 million fund. Matt Huang, co-founder and Managing Partner at Paradigm, said in an announcement that the VC platform’s third fund will focus on crypto projects in their earliest development…

  • Bitcoin and Ethereum Are Cooling Off—But Gaming Token Prices Are Down Bad
    by Ryan Gladwin on 13. June 2024 at 18:07

    Think Bitcoin and Ethereum losses this week are rough? Many major gaming tokens are plunging, down as much as 40% over the past seven days.

  • XRP Continues To Struggle Below $0.5, Ex-Ripple Director Reveals Why Price Action Remains Muted
    by Scott Matherson on 13. June 2024 at 18:00

    It is no longer surprising that  the XRP price movement has stagnated around $0.5 in the past few months despite various positive developments for Ripple. This lackluster price action has left many XRP investors feeling wanting, especially considering the positive price action of other cryptocurrencies.  Sean McBride, a former director at Ripple, believes XRP is unlikely to register a significant breakout until Ripple’s ongoing lawsuit with the SEC concludes. Ongoing SEC Lawsuit Weighs Heavily On XRP Ripple’s legal battle with the SEC has been dragging on for over three years, and it continues to cast a dark cloud over XRP’s price. Ripple scored a partial win in July 2023 when Judge Torres decided that XRP to retail investors is not a security. This decision resulted in a temporary increase in the price of XRP to $0.90. However, the embattled crypto token now finds itself stuck below $0.50, unable to break out despite various rebounds and periods of dominance by the bulls. Related Reading: Crypto Analyst Predicts Cardano Price Will Rally 370% To $2, Here’s The Timeline A recent example of this repetition was observed in the past 30 days when a period of bull dominance saw XRP trading just above the $0.5 price mark for three weeks. However, like before, XRP’s price has failed to maintain its position above this level, and the crypto now finds itself trading around $0.48. As McBride noted on social media, nothing significant will happen to XRP’s price until Judge Torres makes her decision. This is in relation to the pending decision on whether the sale of XRP to institutional investors qualifies as the sale of securities. According to the former Ripple director, a clear judgment from the judge would finally enable institutional investors to decide their stance on Ripple and XRP.  “Nothing significant is going to happen with the price of XRP until Judge Torres makes her decision,” McBride said. “This could open up the door for US institutions working with Ripple to ‘flip the switch’,” he continued. I think I’ve mentioned this before. Nothing significant is going to happen with the price of XRP until Judge Torres makes her decision. So anyone expecting anything different is delusional. The next big piece of this is clear legislation in the US. Hopefully that is on the way… — Sean McBride (@seanmcbride16) June 11, 2024 What Will It Take For XRP Price To Break Out of Its Slump? Before XRP can truly break out of its slump, the lawsuit with the SEC must be resolved. As long as the case drags on, uncertainty will hang over the token and suppress the price. A settlement or victory for Ripple would remove this roadblock and likely send the price of XRP surging. Of course, XRP would need to outperform the market to compensate for lost ground over the past three years. However, a loss could deal a major blow to XRP and cause the price to plummet further. Related Reading: Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH According to one crypto analyst known as EGRAG CRYPTO, it is only a matter of time before all the rotational profits start flowing into XRP. This, in turn, would lead to XRP’s price breaking out of a descending triangle and pushing towards a target of $7.5.  

  • Bitfarms to boost US presence with Pennsylvania expansion amid Riot takeover bid
    by Oluwapelumi Adejumo on 13. June 2024 at 17:52

    Bitcoin miner Bitfarms is set to expand its operations in the US by leasing a site in Sharon, Pennsylvania, and deploying miners that can output 600 PH/s of hashrate. In a June 13 statement, the firm said the site’s initial capacity will be 12 megawatts, with plans to expand to 120 MW by 2025. Bitfarms The post Bitfarms to boost US presence with Pennsylvania expansion amid Riot takeover bid appeared first on CryptoSlate.

  • Galaxy Digital CEO believes meme coins have more to offer than laughs
    by Vivian Nguyen on 13. June 2024 at 17:43

    Mike Novogratz discusses the substantial market presence of memecoins, with a focus on their narrative and investment potential. The post Galaxy Digital CEO believes meme coins have more to offer than laughs appeared first on Crypto Briefing.

  • Pyth Network launches GMCI 30 crypto market index
    by Micah Zimmerman on 13. June 2024 at 17:34

    The Pyth Network has announced the launch of the GMCI 30 Index Price Feed, making the GMCI crypto market price index accessible to over 60 blockchain ecosystems.  This launch is a step towards providing smart contract and blockchain developers with…

  • Azalea’s MOTHER Token Could Slump Despite Magic Eden Integration
    by Crispus Nyaga on 13. June 2024 at 17:32

    Rapper Iggy Azalea’s MOTHER token is gaining traction among traders and speculators. MOTHER token’s price has surged by over 2,900% from its all-time low, giving it a market cap of over $153 million. Rapper Iggy Azalea, best-known for singles like…

  • Traders: Bitcoin price needs “fresh all-time highs” to end pump-and-dump cycles
    by Cointelegraph by Nancy Lubale on 13. June 2024 at 17:18

    Bitcoin price requires high demand side liquidity to push the price out of a long-lasting consolidation.

  • Chinese court sentences gang for money laundering using digital yuan
    by Cointelegraph by Derek Andersen on 13. June 2024 at 17:17

    The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.

  • Coinbase’s State of Crypto report: Here’s what we learned
    by Connor Sephton on 13. June 2024 at 17:07

    A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies — and The State of Crypto report says they’re bullish on stablecoins too. Coinbase’s latest The State of Crypto report has landed — and as…

  • Gary Gensler: Ethereum ETFs likely approved by end of summer
    by Naga Avan-Nomayo on 13. June 2024 at 17:04

    Spot Ethereum ETF proponents were handed a boon during a Senate hearing, as SEC Chair Gary Gensler said applications were advancing. 

  • Solana Set For “A Major 53% Price Move,” Analyst Reveals Why
    by Keshav Verma on 13. June 2024 at 17:00

    An analyst has explained how Solana could be setting up for a major 53% move based on a Symmetrical Triangle pattern forming in its price chart. Solana Has Been Travelling Inside A Symmetrical Triangle Recently In a new post on X, analyst Ali Martinez discussed a pattern that has recently taken shape in Solana’s daily price chart. The technical analysis (TA) pattern in question is a “Symmetrical Triangle,” which, as its name implies, looks like a triangle. The triangular shape comprises two converging trendlines, with the upper line joining successive lower highs and the lower one connecting higher lows. A key feature of this pattern is that these lines approach each other at roughly the same slope (hence the “symmetrical” in the title). Related Reading: Why Is Bitcoin Stagnant Despite ETF Inflows? Report Answers Like other TA patterns, when the asset price consolidates in the region bounded by these trendlines, resistance will probably be at the upper level and support at the lower one. A break out of either of these lines can suggest a continuation of the trend in that direction. Naturally, a break above the triangle could be a bullish signal, while a decline under the pattern could lead to a bearish outcome. Similar to the Symmetrical Triangle, there are other triangle patterns in TA. A couple of popular ones include the Ascending and Descending Triangles. These patterns differ from the Symmetrical Triangle in that one of their trendlines is parallel to the time axis. Now, here is the chart shared by the analyst that shows the Symmetrical Triangle that the 1-day price of Solana has been trading inside over the last few months: As the above graph shows, Solana has been closing in at the tip of this Symmetrical Triangle pattern recently. As consolidation becomes tighter, a break out of the pattern naturally becomes more probable. As mentioned earlier, which of the two lines the breakout happens from sets the direction the potential price move would go. “Keep an eye on the $143 support and $178 resistance levels to gauge the direction of the SOL trend,” notes Ali. Related Reading: Is Bitcoin Overheated Right Now? This Metric Suggests No From the chart, it’s apparent that Solana is currently floating near the bottom line, so a retest could be coming up soon. If bullish momentum has to return for the coin, this retest must be successful. Moves resulting from a breakout of a Symmetrical Triangle may be the same length as the triangle’s height. In the case of this Solana Symmetrical Triangle, the height represents a price swing of 53%, so Ali believes that a breakout would also set the coin up for a move of a similar scale. SOL Price Solana hasn’t had the best times during the last few weeks, as its price is now down to $149. It remains to be seen whether a potential upcoming retest of the Symmetrical Triangle support would change the coin’s fate. Featured image from Shutterstock.com, charts from TradingView.com

  • Solana token BEER crashes 85% following insider sell-off
    by Gino Matos on 13. June 2024 at 16:58

    Insiders sell over $15 million in BEER tokens, causing an 85% crash on the Solana network. Wazz reports control of supply led to the dump. The post Solana token BEER crashes 85% following insider sell-off appeared first on Crypto Briefing.

  • Here’s what happened in crypto today
    by Cointelegraph by Cointelegraph on 13. June 2024 at 16:55

    Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

  • P2P.org partners with OKX to provide institutional staking services
    by Cointelegraph by Vince Quill on 13. June 2024 at 16:47

    The staking services company and validator reported that it reached $7.5 billion in total value locked in April.

  • SEC may receive ‘only a fraction’ of Terraform’s settlement
    by Cointelegraph by Ana Paula Pereira on 13. June 2024 at 16:37

    The U.S. SEC still has to queue up behind secured creditors to receive a payment from Terraform Labs’ multibillion-dollar settlement, if any.

  • Football Moments That Could Be Sold As NFTs
    by Adrian Barkley on 13. June 2024 at 16:27

    When we think of iconic sports, there is no other one like football. Football is the sport that surrounds the world and is the most watched, played and loved form of entertainment around the world.

  • Donald Trump Declared Himself the “Crypto President” – Top 5 Altcoin Picks Prior to the...
    by Crypto Daily on 13. June 2024 at 16:24

    Donald Trump declared himself the “crypto president” during a fundraiser that was held in San Francisco. Moreover, the Former President promised to end what he calls the “Biden-Gensler crusade against crypto.” Donald Trump is the Republican presidential candidate,

  • Gensler says FTX ‘is not unique,’ warns crypto exchanges are commingling functions
    by Diego Almada Lopez on 13. June 2024 at 16:19

    SEC Chairman Gensler warns that FTX-like commingling is common in crypto exchanges, highlighting the industry's regulatory challenges. The post Gensler says FTX ‘is not unique,’ warns crypto exchanges are commingling functions appeared first on Crypto Briefing.

  • New 100X Altcoin Raboo Set To Dominate With Both Toncoin and Solana Bearish on 7 Day Chart
    by Crypto Daily on 13. June 2024 at 16:19

    Investors have started considering newer altcoins as a potential way to recover losses after tokens like Toncoin and Solana both experienced bearish moments over the past 7 days. With Raboo already dominating the memecoin ecosystem as one of the best cryptos to buy due to its innovative AI technology and potential for 100x returns.

  • Crypto Market Cools From Ethereum ETF Buzz But One Altcoin Gaining Traction Is This New 2024 Crypto...
    by Crypto Daily on 13. June 2024 at 16:16

    The US SEC approval of spot Ethereum Exchange-Traded Funds saw different responses from the crypto industry,

  • Web3 Sports Fantasy Game Maincard.io Now Live on TON
    by GamingWire on 13. June 2024 at 16:15

    Irvine, US, 13th June 2024, GamingWire

  • Terraform Labs to Dissolve After $4.5 Billion SEC Settlement Over LUNA, UST
    by André Beganski on 13. June 2024 at 16:13

    Terraform Labs' CEO said that the company will be winding down operations following a $4.5 billion settlement agreement with the SEC.

  • Helio revamps crypto payments for Shopify with Solana Pay
    by Benson Toti on 13. June 2024 at 16:12

    Helio has launched a new Solana Pay plugin to bring cryptocurrency payments to millions of Shopify merchants. The Web3 payments firm announced the update on Thursday, noting that enhanced features now offer broader token support, improved loyalty programs and smooth…

  • Bitcoin Supply on Exchanges Hits Dec 2021 Lows: What Does it Mean for BTC’s Price?
    by Chayanika Deka on 13. June 2024 at 16:10

    Investors are accumulating bitcoin as exchange reserves hit a 2-year low.

  • Injective price forecast: INJ chart points to a 46% jump
    by Crispus Nyaga on 13. June 2024 at 16:09

    Injective price has crawled back since mid-May as traders watch its ecosystem grow after announcing recent events. The INJ token rose to $30 and is hovering near its highest levels since April 12. It has rebounded by over 60% from…

  • Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market
    by Stephen Alpher, Krisztian Sandor on 13. June 2024 at 16:07

    SEC Chair Gary Gensler said he expected the new vehicles to have won full approval by the end of the summer.

  • Ethereum ETFs Likely to Launch This Summer, Says SEC's Gensler
    by Andrew Throuvalas on 13. June 2024 at 16:03

    Gary Gensler expects spot Ethereum ETFs to go live in the U.S. this summer, but still won't answer on the security vs. commodity question.

  • SEC chair sees spot Ether ETF S-1 approvals sometime in summer 2024
    by Cointelegraph by Turner Wright on 13. June 2024 at 16:02

    Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date.

  • Crypto for Advisors: Advisors and Crypto
    by Adam Blumberg, Sarah Morton on 13. June 2024 at 16:00

    In today's Crypto for Advisors newsletter, Adam Blumberg shares the key highlights and trends from the recent FA/RIA at the Consensus 2024 conference.

  • FOMO HOUR 137 - CRYPTO DIPS FURTHER
    on 13. June 2024 at 15:46

    Crypto falls after slightly hawkish Fed speech. BTC whales buy $1.4bn in 24hrs. Miners continue to be large sellers of BTC. BTC ETFs see $100m inflows. MicroStrategy to raise $500m to buy BTC. Egorov CRV debt positions begin to liquidate . Circle to support SOL for wallets. 4% of Turkey GDP used to buy stablecoins. QuantMatter say $11m stolen from OKX account. Biden to use Coinbase for crypto donations. Terraform Labs & Do Kwon set to pay $4.5bn fine. Franklin Templeton write report on SOL DePin. TON flips ETH for active addresses. Moonpay & Paypal integration goes live in EU & UK.

  • GameStop Stock Rises Amid Speculation Over Whether Roaring Kitty Sold
    by Murtuza Merchant on 13. June 2024 at 15:45

    GME shares are up Thursday as GameStop investors wait to find out whether Keith Gill, aka influencer Roaring Kitty, sold his options.

  • Privado ID spins off from Polygon Labs to target $101B digital identity market
    by Oluwapelumi Adejumo on 13. June 2024 at 15:45

    Privado ID has rebranded from Polygon ID and spun off from Polygon Labs to focus on the mainstream digital identity market. In a statement shared with CryptoSlate, Privado ID explained that the move aims to meet the global demand for online and on-chain digital identity solutions. It forecasted that the Digital identity solutions market will The post Privado ID spins off from Polygon Labs to target $101B digital identity market appeared first on CryptoSlate.

  • Before Meme Stocks, WallStreetBets Traders Mainlined Options
    by Nathaniel Popper on 13. June 2024 at 15:44
  • How Many Bitcoin Billionaires Are There?
    by Ali Shutler,Daniel Phillips on 13. June 2024 at 15:40

    Many of Bitcoin's early adopters are now billionaires, among the wealthiest people in the world. But Satoshi Nakamoto's wealth could eclipse them all.

  • Bitcoin Mining Stabilizes Power Grids Strained by AI Data Centers
    by Ryan Condron on 13. June 2024 at 15:39

    Bitcoin miners help expand the use of renewable energy and balance energy networks, says Ryan Condron, co-founder of Lumerin.

  • EU Body Publishes Final Draft Technical Standards for Prudential Matters: MiCA
    by Camomile Shumba on 13. June 2024 at 15:35

    The European Banking Authority (EBA) published on Thursday the final draft technical standards on prudential matters for firms to comply with that fall under the markets in crypto assets (MICA) legislation.

  • Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
    by Taras Kulyk on 13. June 2024 at 15:35
  • Can Bitcoin Be A Productive Asset?
    by Pascal Hügli on 13. June 2024 at 15:30

    A framework to analyze the nature and risk of different yield based products built on top of Bitcoin.

  • UNI In Trouble? Key Indicators Cites Potential Drop Amid Market Downturn
    by Godspower Owie on 13. June 2024 at 15:30

    Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.  Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases. This article delves into UNI’s price analysis with the help of technical indicators to determine the anticipated decline and provide insights into what traders and investors might expect in the coming days. The price of Uniswap has increased by 4.60%, trading at about $9.873 in the last 24 hours, with a market capitalization of more than $5.9 billion and a trading volume of more than $356 million as of the time of writing. UNI’s market cap and trading volume were also up by 4.28% and 19.98%, respectively. UNI Builds Bearish Sentiment On the 1-hour chart, UNI is attempting to move below the 100-day Simple Moving Average (SMA) as it has failed to move above the bearish trendline. It can be suggested here that Uniswap might go bearish. The 1-hour Composite Trend Oscillator also signals that the price of UNI might break below the 100-day SMA and go bearish as both the signal line and SMA crossed and are heading toward the zero line. From this Relative Strength Index (RSI) formation, it can be considered that UNI might go bearish if it moves below the 100-day SMA. Meanwhile, in the 4-hour chart, UNI’s price trades below the trendline and the 100-day SMA. The price of UNI is also attempting to drop a bearish 4-hour candlestick. Although the 4-hour composite trend oscillator indicates that UNI may go bullish, the price will certainly move upward on a short-term note and begin to decline again. The signal line and SMA line are heading toward the zero line, but this has continued for a while. Support Levels To Watch Out For If the price of UNI drops below the 1-hour 100-day simple moving average, it will begin to move towards the $8.748 support level. It may even decline more to test the $7.557 support level if it breaks below the abovementioned level. However, if Uniswap were to change course at any of the previously mentioned support levels, it would begin to rise toward the resistance level of $10.381. If the price breaches this resistance level, it might be poised to test the $11.801 mark and perhaps much higher to test other levels. Featured image from Adobe Stock, chart from Tradingview.com

  • $1M bet ChatGPT won’t lead to AGI, Apple’s intelligent AI use, AI millionaires surge: AI Eye
    by Cointelegraph by Andrew Fenton on 13. June 2024 at 15:30

    $1M prize to debunk hype over AGI, Apple Intelligence is modest but clever, Google is still stuck on that stupid ‘pizza glue’ answer. AI Eye.

  • Exclusive: MAGAA coin to ‘create a community of like-minded individuals’
    by Naga Avan-Nomayo on 13. June 2024 at 15:24

    Politifi memecoin project, MAGAA, told crypto.news of possible plans to launch on Solana, in a bid to throw more weight behind Donald Trump’s campaign.

  • NEAR Foundation’s spin-off Nuffle Labs raises $13 million
    by Benson Toti on 13. June 2024 at 15:08

    The NEAR Foundation has announced that new spin-off platform Nuffle Labs, formerly NEAR Modular, has secured $13 million in funding. Nuffle Labs is spinning out from NEAR Foundation and Pagoda, with the new venture set to focus on improving NEAR’s…

  • Ether ETFs Should Be Fully Approved by September, Says SEC Chair Gensler
    by Jesse Hamilton on 13. June 2024 at 15:04

    U.S. Securities and Exchange Commission Chair Gary Gensler said that the final approvals for exchange-traded funds (ETFs) trading Ethereum's ether {{ETH}} should be finished this summer, he told senators in a budget hearing on Thursday.

  • Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process
    by Cheyenne Ligon on 13. June 2024 at 15:02

    FINMA announced Thursday that FlowBank’s minimum capital requirements were found to have been “significantly and seriously breached.”

  • SEC’s Gensler sees Ethereum ETF S1 approval this summer, trading to follow
    by Diego Almada Lopez on 13. June 2024 at 14:47

    SEC's Gensler signals a possible summer approval for the ETH ETF S1, marking a significant moment for digital asset securities. The post SEC’s Gensler sees Ethereum ETF S1 approval this summer, trading to follow appeared first on Crypto Briefing.

  • Early Buyers of Andrew Tate’s DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value
    by Shaurya Malwa on 13. June 2024 at 14:45

    There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.

  • Access Protocol launches $25,000 quest with Superboard to introduce transferable subscriptions
    by Oluwapelumi Adejumo on 13. June 2024 at 14:45

    Access Protocol has launched a Subscription Quest initiative with Superboard to introduce its new transferable subscription feature, which offers up to $25,000 in prizes. Transferable Subscriptions are designed to revolutionize interactions with creators. These subscriptions utilize compressed NFTs to enable the creation, purchase, sale, and transfer of Access subscriptions. According to the protocol, this feature The post Access Protocol launches $25,000 quest with Superboard to introduce transferable subscriptions appeared first on CryptoSlate.

  • Crypto experts deliver exciting Bitcoin price forecasts
    by Crispus Nyaga on 13. June 2024 at 14:27

    Bitcoin price has remained in a tight range in the past few weeks. It peaked at $71,935 last week, where it found substantial resistance. BTC was trading at $68,000 on Thursday, down by about 8% below its highest point this…

  • White House Expected to Nominate CFTC Commissioners to FDIC, Treasury Roles: Reports
    by Camomile Shumba on 13. June 2024 at 14:24

    The White House is expected to nominate Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation Chair media outlets have reported.

  • Investors flock to Rollblock amid Polygon and Ripple struggles
    by Guest Post on 13. June 2024 at 14:20

    Polygon and Ripple stumble as Rollblock catches investors' eyes with a robust ecosystem and potential for growth. #partnercontent

  • MicroStrategy To Raise $500 Million Using Convertible Notes To Buy Bitcoin
    by Tarang Khaitan on 13. June 2024 at 14:18

    The firm is already the single largest corporate holder of Bitcoin, with Bitcoin holdings that exceed 1% of the circulating supply of BTC.

  • Shopify Now Supports Hundreds of Crypto Tokens Through Solana Pay via Helio
    by Murtuza Merchant on 13. June 2024 at 14:16

    Payments can be made in Solana or BONK, for example, and buyers can access NFT airdrops and token-gated features.

  • In Defense of Fundamental Analysis Amid Memecoin Mania
    by Jupiter Zheng on 13. June 2024 at 14:14

    Engaging in memecoin markets without thorough analysis and a clear understanding of the risks involved is effectively gambling, not investing, says Jupiter Zheng, partner at HashKey Capital.

  • Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says
    by Will Canny on 13. June 2024 at 14:12

    Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.

  • Crypto Price Prediction: Where Will Cardano's ADA And Ripple's XRP Be If They Get Spot ETFs?
    by Adrian Barkley on 13. June 2024 at 14:08

    Top market experts forecast ETFSwap (ETFS) to reach $20, rising over Cardano’s ADA and Ripple’s XRP, amid Spot ETF speculations.

  • Bitcoin is the only decentralized currency, Tether CEO says
    by Cointelegraph by Helen Partz on 13. June 2024 at 14:03

    The CEO of the company behind the world’s largest stablecoin, Tether (USDT), believes that Bitcoin is the only unstoppable cryptocurrency.

  • Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL?
    by Scott Matherson on 13. June 2024 at 14:00

    Certain on-chain indicators paint a bullish picture for Solana (SOL), suggesting this may be an excellent time to purchase the crypto token. This aligns with Solana’s price movement on the chart, with technical analysts predicting that an upward trend might be on the horizon.  Solana Enjoying Greater Adoption Data from the market Intelligence platform IntoTheBlock shows that the number of daily addresses on the Solana network has been growing at an impressive rate. On June 11, over 1 million new addresses transacted on the Solana network. This development is significant as SOL could enjoy future price surges as more new users continue to trade on the network. Related Reading: Famous Analyst Dave The Wave Says Bitcoin Still Has Wiggle Room, Sets $300,000 Target The massive growth enjoyed by the Solana network has also translated to greater trading volume on the network, which is also bullish for the crypto token. Data from DappRadar shows that there has been a 62% increase in transaction volume on the Solana chain in the last 24 hours, with over 8.83 million transactions processed during this period.  Interstingly, Solana stands tall in this metric, as no other chain has processed this many transactions during this period. Solana has also processed more transactions than every other chain in the last seven days, with over 59.55 million transactions processed within this timeframe.  The growing interest in SOL has been partly thanks to the meme coin ecosystem on the network. Solana has become the go-to platform for traders looking to make massive profits from meme coins, which have so far been the best-performing crypto assets in this bull run.  Solana’s reputation as the home for meme coins has even attracted celebrities like Australian rapper Iggy Azalea, Caitlyn Jenner, and Andrew Tate to the network. Bearing this in mind, it only seems like a matter of time before Solana’s price reacts positively to its network growth and ever-increasing network activity.  Time To Buy SOL? Crypto analyst Altcoin Sherpa suggested that now might be a good time to buy Solana ahead of the meteoric price rally, which it could enjoy soon enough. The analyst said he expects “bigger things” for SOL later this year. For now, he expects Solana to keep chopping between $185 and $120 and just continue to witness a “prolonged period of consolidation.” Related Reading: Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH This period of consolidation is usually a good time for investors to accumulate the crypto token, considering that coins typically enjoy a parabolic uptrend after consolidating for a while. Meanwhile, Altcoin Sherpa claimed that this period of consolidation is healthy for Solana, given the huge run it has already had, rising to a yearly high of $209 on March 18. As to how Solana can rise, Altcoin Sherpa previously predicted that the crypto token will rise above $500 this year.   

  • Bitoro Network expands decentralized perpetual futures with Injective launch
    by Vince Dioquino on 13. June 2024 at 14:00

    Bitoro Network has launched on Injective, leveraging its advanced blockchain infrastructure to enhance the decentralized perpetual futures platform with new trading channels, staking vaults, and institutional client features. The post Bitoro Network expands decentralized perpetual futures with Injective launch appeared first on Crypto Briefing.

  • Tokenizing music catalogs: The next frontier for Web3 and music industry
    by Cointelegraph by Savannah Fortis on 13. June 2024 at 13:59

    At the Proof of Talk 2024 conference in Paris, Serio Mottola, CEO of Music Protocol, advocated for integrating blockchain technology into the already established billion-dollar music industry.

  • Manta Foundation launches $50m ecosystem fund
    by Benson Toti on 13. June 2024 at 13:50

    The Manta Foundation has launched its $50 million ecosystem fund, providing funding opportunities for projects looking to explore the Manta Network’s growing Web3 space. Manta Network is a modular layer-2 network that supports zero-knowledge (ZK) applications.  The project aims to…

  • Curve Finance CEO liquidated for $140 million of CRV
    by Gino Matos on 13. June 2024 at 13:48

    Curve Finance's Michael Egorov liquidated for $140M in CRV as prices fall, clearing debt after a significant sell-off. The post Curve Finance CEO liquidated for $140 million of CRV appeared first on Crypto Briefing.

  • Bitcoin price tracks $68K as ‘chicken’ crypto market shrugs off US PPI
    by Cointelegraph by William Suberg on 13. June 2024 at 13:47

    Bitcoin and altcoins are unmoved by a significant inflation slowdown shown in the latest U.S. macro data.

  • Blockchains Are Revolutionizing Public Goods Funding
    by Sophia Dew on 13. June 2024 at 13:45

    Rewriting how capital flows through society is arguably the biggest unlock in crypto. As blockchains compete for market share, we’re begging to see rapid experimentation with novel forms of funding that grow ecosystems, says Sophia Dew.

  • MicroStrategy Announces $500M Convertible Senior Note Offering to Buy More Bitcoin
    by Chayanika Deka on 13. June 2024 at 13:42

    The notes' conversion term provides flexibility to the traders, as it allows conversion into cash, MicroStrategy’s class A common stock or a combination of both.

  • IOTA price outlook: is it a buy after the latest ecosystem news?
    by Crispus Nyaga on 13. June 2024 at 13:41

    IOTA price has crashed hard in the past few months even after the network made several important ecosystem news. The token was trading at the psychologically important support at $0.20 on Thursday, down by over 52% from its highest point…

  • Bitcoin ETFs rebound with $100.8M in inflows
    by Andjela Radmilac on 13. June 2024 at 13:37

    Bitcoin ETFs saw a significant turnaround on June 12, recording a $100.8 million inflow. This marks a notable recovery from two consecutive days of outflows. While inflows exceeding $100 million haven’t been a rarity for spot Bitcoin ETFs, these inflows are especially significant as they come after a substantial outflow of $200.4 million on June The post Bitcoin ETFs rebound with $100.8M in inflows appeared first on CryptoSlate.

  • Important Update Regarding Ripple’s Stablecoin: Details
    by Dimitar Dzhondzhorov on 13. June 2024 at 13:36

    While the product's name was revealed, its exact launch date remains unknown.

  • Inflation and the Fed meeting: why should crypto traders monitor US macro data?
    by Anna Kharton on 13. June 2024 at 13:35

    Critical macro data were released in the United States at once, and the cryptocurrency market instantly responded to the latest reports. American authorities released several vital reports on June 12, including the Federal Reserve’s inflation data and interest rates. How…

  • US Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claims
    by Cointelegraph by Robert D. Knight on 13. June 2024 at 13:35

    U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.

  • BNB Chain and Binance Labs Collaborate With Top VCs To Launch BNB Incubation Alliance (BIA)
    by Chainwire on 13. June 2024 at 13:30

    [PRESS RELEASE – Dubai, UAE, June 13th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, and Binance Labs, the venture capital and incubation arm of Binance, today announced the launch of BNB Incubation Alliance (BIA). With the ethos of “building together to fast-track your Web3 journey,” the BNB Incubation

  • Crypto Just Got Hungrier: DevourGO Now Accepts Payments via Coinbase Commerce
    by Chainwire on 13. June 2024 at 13:29

    [PRESS RELEASE – Phoenix, United States, June 13th, 2024] Devour, the leading web3-powered food ordering platform, announced today that it’s simplifying crypto payments for millions of users with the integration of Coinbase Commerce into its DevourGO checkout. This innovative move allows crypto enthusiasts to seamlessly pay for their favorite meals using their existing Coinbase.com or

  • Terraform to dissolve following $4.47b settlement with SEC
    by Micah Zimmerman on 13. June 2024 at 13:27

    Terraform Labs plans to dissolve, leaving the Terraform community to monitor the blockchain ecosystem.  In the wake of a $4.47 billion settlement with the SEC, Terraform Labs has announced plans to dissolve, leaving the blockchain’s future in the hands of…

  • Terraform Labs to end operations, Terra community will take over
    by Cointelegraph by Josh O'Sullivan on 13. June 2024 at 13:25

    Terraform Labs is ceasing operations after a $4.47 billion settlement with the SEC, transferring control of the Terra blockchain to the community.

  • IOTA Foundation’s Web3 solution chosen for EU Blockchain Sandbox initiative
    by Rony Roy on 13. June 2024 at 13:08

    The IOTA Foundation, in collaboration with its partners, has developed a Web3 Identification Solution that has been chosen for inclusion in the European Blockchain Sandbox. Per a June 13 blog post, The IOTA Foundation, in partnership with wait.id, IDnow, Bloom…

  • Crypto Just Got Hungrier: DevourGO Now Accepts Payments via Coinbase Commerce
    by Crypto Daily™ on 13. June 2024 at 13:04

    Crypto Just Got Hungrier: DevourGO Now Accepts Payments via Coinbase Commerce

  • Crypto Just Got Hungrier: DevourGO Now Accepts Payments via Coinbase Commerce
    on 13. June 2024 at 13:02
  • P2P.org teams up with OKX to launch institutional-grade staking for ADA, DOT, KSM, and TIA
    by Vivian Nguyen on 13. June 2024 at 13:00

    OKX has partnered with P2P.org to introduce advanced staking for four major crypto assets, including ADA, DOT, KSM, and TIA. The post P2P.org teams up with OKX to launch institutional-grade staking for ADA, DOT, KSM, and TIA appeared first on Crypto Briefing.

  • Wu-Tang Clan's Secret 'Shaolin' Album Will Be Sold via $1 NFTs on Base
    by Sander Lutz on 13. June 2024 at 13:00

    Acquired for $4 million in 2021, the Wu-Tang Clan's exclusive album will be released via encrypted NFTs that unlock more tracks over time.

  • Hidden Road partners with Bitfinex after Bybit KYC issues
    by Cointelegraph by Helen Partz on 13. June 2024 at 13:00

    After halting support for BybBit’s crypto services in May 2024, Citadel-backed Hidden Road inked a new crypto partnership with Bitfinex exchange.

  • Consensys Helps Decentralize Hollywood With Film.io and VillageDAO Partnership
    by Ian Allison on 13. June 2024 at 13:00

    Film.io is the first partner to join VillageDAO, a smart contract framework and service provider for Web3 communities.

  • Zero-knowledge Manta Network launches $50M ecosystem fund
    by Cointelegraph by Zhiyuan Sun on 13. June 2024 at 13:00

    Early-stage projects building on Manta Network can receive up to $50,000 in grants.

  • BNB Chain to support early projects with new incubation alliance
    by Cointelegraph by Ezra Reguerra on 13. June 2024 at 13:00

    The announcement comes amid a recent surge in BNB’s price, reaching a new all-time high of $717.48 on June 6.

  • NEAR Foundation Forms Nuffle Labs With $13M in Funding
    by Jamie Crawley on 13. June 2024 at 13:00

    The spinout is aimed at advancing NEAR's modularity and bringing more decentralized development to the ecosystem.

Shopping Cart