Cryptocurrency

The co-founder of MicroStrategy says buying Bitcoin today would be like buying Manhattan for “paper and trinkets.”

The following is a guest post from Tim Haldorsson, CEO of Lunar Strategy. Over the first half of this year, one thing has become obvious: AI and crypto are combining to create powerful technologies. By integrating on-chain tools, builders are creating smarter, more secure, and more efficient ways to support AI tasks, verify data, and The post Is crypto-AI the investment opportunity of the cycle? appeared first on CryptoSlate.

“Jeo Boden” is now 98.2% off an all-time high set three months ago, while “Kamala Horris” has rallied by 3,875% since May. Some political meme coins have market caps in the millions. As if the crypto markets weren’t crazy enough,…

The Bitcoin advocate aims to influence the political leader to consider Bitcoin a viable and strategic component of the national economy.

Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100. However, amidst this price crash, CryptoQuant analyst burakkesmeci has made an important observation with a potential impact on market movement. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance? Ethereum Open Interest Surges By $1.5 Billion In Three Weeks In a Quicktake post on CryptoQuant, burrakesmeci shared that the Open Interest (OI) on Ethereum has risen by a remarkable $1.5 billion in the past three weeks. For context, Open Interest refers to the total number of outstanding positions for a particular asset. Generally, an increase in Open Interest indicates a rise in market participation for any asset i.e., more traders are opening long or short positions on Ethereum. With this rise in open positions, there is likely an equal increase in the number of leverage trades.  Burakkesmeci expressed that a surge in liquidations should also be expected as leveraged trades, which are open with borrowed funds, are always closed once an insufficient price margin occurs. Furthermore, This increase in leverage trading liquidations is expected to produce a high market volatility, resulting in unpredictable and rapid price movements.  In regards to price action, a rise in Open Interest indicates the current market trend is gaining stronger. Therefore, despite Ethereum’s price dip in the last week, the prominent altcoin is likely to extend its 7.01% gain of the past three weeks in the coming months.  At the time of writing, Ethereum presently trades at $3,278.80 with a 3.46% increase in the last 24 hours. The altcoin appears to be attempting a market recovery with a strong resistance expected at the $3,500 region. However, if the current buying pressure proves insufficient to break past this barrier, Ethereum could return to the $3,100 price mark or even slide as low as $2,900. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline Ethereum Spot ETFs Net Outflows Reach $469 Million In another development, the newly launched Ethereum Spot ETF market has now recorded a cumulative outflow of $469.83 million in its first three days of trading. Data from Farside Investors identifies Grayscale’s ETHE with a total outflow of $1.51 billion as the major cause of this current market position.   Meanwhile, BlackRock’s ETHA continues to lead the market with inflows worth $354.8 million, followed closely by Bitwise’s ETHW with $265.9 million.  Like their Bitcoin counterparts, the debut of the Ethereum spot ETF has been accompanied by a significant price drop. However, it remains uncertain whether these Ethereum ETFs will eventually trigger a price surge akin to the one experienced in the Bitcoin market during the initial two months of BTC Spot ETF trading. Featured image from Investopedia, chart from Tradingview.com

The crypto community remains divided as Zhao attempted to clarify her past actions and emphasize her commitment to transparency and accountability in future endeavors.

The Bitcoin 2024 conference today in Nashville features an all-star lineup of speakers including Donald Trump, Vivek Ramaswamy, Max Keiser and more.

Day two of the Bitcoin 2024 conference in Nashville was a whirlwind of insights, forecasts and political statements, reflecting the growing influence of Bitcoin across multiple sectors.  With notable figures such as Michael Saylor, Edward Snowden, and independent presidential candidate…

A joint report from Coinbase and Glassnode highlights Ethereum growth amid a decline in price correlation across assets.

Prices have been fairly unimpressive this week—but a lot has happened.

Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution.

The approval of Ethereum ETFs promises to attract substantial capital inflows from investors who prefer the regulated environment of traditional financial markets.

In recent months, the Chainlink price hasn’t quite been able to replicate the bullish strength it showed at the start of the year. And the past week was a prime example of the coin’s recent struggles, as the bulls failed to completely stamp control over the last seven-day period. However, it appears that the LINK price inconsistencies might be coming to an end soon, as a popular crypto analyst has identified a bullish pattern on the token’s price chart. How LINK Price Could Soar 48% To Reach $19 Prominent crypto analyst Ali Martinez has shared — via a post on X — an exciting prognosis on the future trajectory of the Chainlink price. According to the crypto pundit, the cryptocurrency, which has largely struggled, could be set for a price turnaround over the next few weeks. Related Reading: Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Here’s Why The rationale behind this bullish projection is the formation of an inverse head and shoulders pattern on the LINK four-hour price chart. The inverse head and shoulders formation is a technical analysis indicator that features a head (a lower low) in between two shoulders (usually a lower low and a higher low). This chart formation — whether in the normal or inverse form — is a significant indicator for identifying trend reversals. Specifically, the inverse head and shoulder pattern suggests a shift from a bearish to a bullish trend when the price breaks the neckline, an imaginary line that runs through the peaks of the troughs. Martinez noted in his post on X that the price of Chainlink could make a run towards the $19 mark over the next coming days. However, the cryptocurrency must break above the neckline around the $15 level, as shown in the chart above. A rally to the $19 mark would represent an almost 50% price leap from the current price. And a return to this price level would be most welcomed by the altcoin’s investors, having spent the last two months beneath it. Chainlink Price At A Glance As of this writing, the Chainlink price has jumped slightly above $13.5, reflecting a 3.6% increase in the last 24 hours. However, this price gain is not significant enough to wipe the token’s loss over the past seven days. Related Reading: Toncoin Under Pressure As TON Price Falls Below 100-Day SMA, $6 Looms According to data from CoinGecko, the LINK token experienced a 3% decline in value in the past week. Nevertheless, the cryptocurrency still ranks among the top 20 largest assets in the sector, with a market cap of more than $8.2 billion. Featured image from Unsplash, chart from TradingView

Husky Inu ($HINU) is the newest memecoin sensation to grace the crypto world. The project is currently in its second presale round and is quickly reaching its fundraising goals.

Based on the present rate of outflows, ETHE’s Ether reserves could be exhausted within weeks.

WienerAI ($WAI) has already raised over $8 million in presale funds, and with less than The post WienerAI Raises $8M in Presale, Less than 5 Days to Go appeared first on .

Several X accounts have commented on the social media platform’s default setting, which allows users’ data to be used “to train Grok.”

Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol’s on-chain metrics remained strong.  This is in contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which saw their market capitalization decline by 12% and 6%, respectively, over the same period. Related Reading: Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch? The key driver behind Polygon’s stability in network performance during the second quarter of the year, according to Messari, was the implementation of Ethereum Improvement Proposal (EIP) 4844 on the Polygon mainnet in Q1 2024.  This upgrade, which introduced “blobs” to the network, significantly reduced the average transaction fee on Polygon from $0.017 to just $0.01, resulting in a decrease of 41.1%. As a result, Polygon’s revenue derived from network transaction fees fell 40.6% to $4 million in Q2 2024. However, this drop was not due to a decrease in user activity, but rather the lower fees enabled by EIP-4844. In fact, Polygon’s user metrics continued to soar, with the protocol seeing strong growth across several key indicators.  On-Chain Activity And Ecosystem Growth According to the report, the average number of daily active addresses climbed to 1.2 million, a 47.6% increase quarter-over-quarter (QoQ). The average number of daily returning addresses rose even more, up 50.5% to 1 million. Moreover, new addresses being added to the network grew by 31.7% to 167,800 per day on average. The report also notes that Polygon’s transaction volume also held steady, averaging 4.1 million daily transactions, just below its all-time high and representing a 3.9% increase from the prior quarter.  In comparison, fellow Layer 2 networks Arbitrum (ARB) and Base saw average daily active addresses of 545,000 and 528,000 respectively. Related Reading: Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10? While Polygon’s decentralized finance (DeFi) total value locked (TVL) dropped 22.9% to $1 billion, this was largely attributable to the decline in MATIC’s price rather than a net outflow of capital. Messari reported that TVL denominated in MATIC actually increased by 38.1% to 1.8 billion tokens. However, DeFi protocols on Polygon saw mixed results, with Aave, Uniswap, and SushiSwap all experiencing declines in TVL ranging from 13% to 25%. Quickswap saw the largest drop at 35%. Lastly, Polygon’s non-fungible token (NFT) market also remained stable, with average daily NFT volume dipping slightly by 5.7% to $1.8 million. However, the number of daily NFT sales actually increased by 1.8% to 52,000, underscoring ongoing collector interest. At the time of writing, MATIC has experienced a mere 5% increase to a trading price of $0.512, after hitting a 2-year low of $0.428 on July 5th.  Coupled with this worrying price action, the token has seen a 30% decrease in trading volume over the past few days, amounting to $197 million, according to CoinGecko data. All of this has resulted in an 82% difference to MATIC’s all-time high of $2.91, which was set during the 2021 bull run.  Featured image from Shutterstock, chart from TradingView.com

The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new post on X, Santiment has discussed how the various top coins in the cryptocurrency sector look on the MVRV Z-Score. The “Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures the deviation between the total value held by the investors of an asset (that is, the market cap) and what they used to purchase it (the realized cap). When the value of this indicator is positive, it means the holders of the given coin as a whole are currently holding net unrealized profits. On the other hand, the metric being below zero suggests the dominance of losses in the market. Related Reading: Bitcoin Crashes To $64,000: Will This Historical Support Hold? Now, here is the chart shared by the analytics firm that shows the trend in the MVRV Z-Score for different top assets by market cap over the past few months: As displayed in the above graph, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Toncoin (TON) are all currently in the positive territory of the MVRV Z-Score, suggesting that their average traders are currently enjoying profits. At the same time, XRP (XRP), Cardano (ADA), Shiba Inu (SHIB), Chainlink (LINK), Polygon (MATIC), and Uniswap (UNI) are witnessing their investors carrying a higher unrealized loss than profit. Generally, the investors in profits are more likely to sell their coins, and the likelihood of this profit-taking only increases with more gains they hold. As such, a high MVRV Z-Score has historically led to tops for any cryptocurrency’s price. Related Reading: Cardano Among Alts Likely To See Price Boosts, Santiment Says Of the four assets in positive territory of the indicator right now, Toncoin has the indicator at the highest level, suggesting that a selloff due to profit-taking could be probable for it. In the case of the coins inside the negative region, their prices could see a bullish outlook instead, as there may not be many sellers left for them now. Shiba Inu and Uniswap are particularly seeing the most deviation between the market and realized cap. “If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in have a greater probability of netting high returns for you,” notes Santiment. As such, coins like SHIB may be offering the best buying window right now, according to the MVRV Z-Score. SHIB’s Price Analysis Shiba Inu has consolidated sideways over the past month as its price still trades around the $0.0000168 mark. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com

The ultimate purpose of investing in crypto coins for many is to make a few The post How to Maximize Your Returns with Doge2014’s Hot Crypto Presale appeared first on .

Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not “tolerate any possibility of a repeat of the last 4 years.”

During the 2024 Bitcoin Conference in Nashville, Tennessee, Jan van Eck, CEO of global asset manager and Bitcoin exchange-traded fund (ETF) issuer VanEck, made headlines with his revealing comments about his personal Bitcoin holdings. Van Eck Reveals Personal BTC Holdings During his appearance at the conference, Van Eck began by sharing his perspective on Bitcoin’s growth and evolution over time, likening it to a “teenager” that is not yet fully formed, as many investor classes have not yet joined the market.  Related Reading: Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO Addressing his investment approach, Van Eck revealed that in his conversations with other attendees at Bitcoin conferences, he has found that they tend to hold significantly more Bitcoin in their portfolios. He further stated: Everyone I meet at Bitcoin conferences owns way more in their own portfolio, and I always say, wait a minute, I always want to tell people what I’m doing personally because they should know.  Interestingly, when asked about his portfolio, Jan Van Eck replied that he owns “well over 30%” in Bitcoin without disclosing the amount in BTC or USD. This disclosure comes as VanEck recently published a report outlining a significant bullish long-term price projection for BTC, suggesting that the Bitcoin price could reach a value of $2.9 million per coin by 2050. $2.9M Bitcoin Forecast By 2050 Per the report, Bitcoin’s scalability issues, which have historically hindered widespread adoption, will be resolved through the emergence of advanced Layer-2 (L2) solutions.  By combining Bitcoin’s “immutable property rights and sound money principles” with the increased functionality of Layer 2 technology, the asset manager envisions creating a new, globally accessible financial system. Under this optimistic scenario, the VanEck team believes that by 2050, Bitcoin could be used to settle 10% of the globe’s international trade and 5% of the world’s domestic trade.  According to the report, this level of adoption could lead to central banks holding 2.5% of their assets in Bitcoin, driving the price of the largest cryptocurrency on the market to a substantial $2.9 million per coin by the year 2050. Related Reading: Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch? In addition, the report estimates that Bitcoin L2 solutions could be worth a total of $7.6 trillion, or approximately 12% of Bitcoin’s total projected value. The asset manager further noted: Though it has established itself as an important store of value assets, our projection of its price more than 25 years into the future is predicated on the assumption that increasing numbers of people around the globe use Bitcoin as a medium of exchange. At the time of writing, BTC was trading at $67,600, up over 4% in the last 24 hours, after hitting a weekly low of $63,500 on Thursday. Featured image from DALL-E, chart from TradingView.com

Crypto analyst Kevin (formerly OG Yomi) has made a bullish case for Dogecoin (DOGE). Based on his analysis, the foremost meme coin could replicate its 2021 bull run when it enjoyed a price gain of 18,000%. Dogecoin Could Soon Replicate Its 2021 Bull Run Kevin suggested in an X (formerly Twitter) post that Dogecoin could soon replicate its 2021 run when it made a price gain of 18,000%. This came following his statement that DOGE is two to three weeks away from achieving its first weekly golden cross in four years. The analyst noted that the meme coin went “parabolic” for six straight months and enjoyed a price rally of 18,000% the last time this happened in 2021.  Related Reading: Cardano In The Spotlight: Why The $0.6 Level Is Important To ADA Crypto analysts like Javon Marks have also raised the possibility of Dogecoin replicating its 2021 run and even surpassing it at different points in this market cycle. Marks predicted that the foremost meme coin could enjoy a price rally of over 21,000% in this bull run and rise to $17. This prediction is based on Dogecoin’s historical breakout trend, in which the meme coin has enjoyed more significant price rallies in every subsequent bull run.  More recently, Marks stated that Dogecoin’s rise to $0.6533 is only a matter of time and that the meme coin could enjoy a 90% price rally to $1.25. While the analyst’s price prediction of $17 is undoubtedly ambitious since it will give Dogecoin a market cap of about $2.4 trillion, the price target of $1 looks more feasible, and this is a price level that some other analysts, like Altcoin Sherpa, have agreed that DOGE can reach.  In the meantime, investors hope that Dogecoin can successfully achieve the Golden Cross and that history will repeat itself. DOGE is well in need of such a move, considering how the foremost meme coin has underperformed in comparison to other major meme coins like Pepe (PEPE), Floki (FLOKI), and Dogwifhat (WIF).  One Last Opportunity To Buy DOGE Crypto analyst The Cryptomist recently suggested that investors will have one last opportunity to buy Dogecoin at a discount before it makes its parabolic move. Based on a rising wedge pattern highlighted on Dogecoin’s chart, she predicts that the foremost meme coin will still drop to as low as $0.08 and possibly $0.05.  Related Reading: End Of The Road? Shiba Inu’s Shibarium Sees Massive 80.3% Crash In Active Accounts However, she is bullish on Dogecoin long-term, stating that the foremost meme coin has a “high chance” of reaching $1 this year. Crypto analyst Crypto Kaleo also recently predicted that Dogecoin could drop to as low as $0.08 before it runs to $1. At the time of writing, Dogecoin is trading at around $0.129, up over 4% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

Bitcoin’s bullish pattern on the chart is signaling to crypto traders a potential 25% price increase from its current level.

Recent insights from a CryptoQuant analyst suggest that Bitcoin’s recent price action could be the beginning of more substantial movements. The analyst, sharing insights on QuickTake, points to historical data on Bitcoin’s price trends and newcomer activities. This data comparison shows that the most significant bull cycles in Bitcoin history have often peaked when the influx of new investors reaches a specific threshold—a phenomenon fueled by a fear of missing out (FOMO) among new entrants. Related Reading: Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop—Here’s Why Bitcoin Quiet Buildup Interestingly, the current cycle presents a deviation from this established trend. Instead of experiencing new inflows at price tops, Bitcoin’s price ascent this time does not align with a significant increase in newcomer investments. This observation suggests that current upward price trends are not the result of a massive influx of new market participants but rather likely supported by different factors within the broader financial ecosystem. The current bull cycle’s support appears to rely heavily on the introduction and performance of spot ETFs (Exchange-Traded Funds) focused on Bitcoin. These financial products have provided both seasoned and new investors a regulated pathway to invest in Bitcoin, potentially stabilizing its price without the direct participation of newcomers typically seen in past cycles. However, as the market adjusts to these instruments, the same CryptoQuant analysis suggests a potential shift may be on the horizon. According to the analysis, the minor wave of new inflows observed in the first quarter of 2024 is a precursor to what might become more pronounced market behavior in future cycles. The analyst elaborated that the lack of major new entrant inflows near price tops at these levels could indicate that Bitcoin will likely experience longer periods of upside move when more existing and novice investors start participating in the market. This pattern, once initiated, could lead to more strong and longer-lasting bull markets compared to those triggered by temporary FOMO. BTC Market Performance and Outlook Meanwhile, Bitcoin is still seeing some fairly bullish price action. So far, the asset is still maintaining its price mark above $65,000, with a current trading price of $67,495, up by 3.8% in the past 24 hours. Amid this price performance, notable analysts in the space have continued to be bullish on Bitcoin, sharing their respective optimistic views on its price action. Just recently, an analyst known as Moustache on Elon Musk’s social media platform X disclosed an interesting observation on BTC’s chart. Related Reading: Analyst Breaks Down Bitcoin’s Potential for Surge and Setback, Reveals 5 Key Trends According to the analyst, Bitcoin has been copying the famous Wyckoff Reaccumulation Model, indicating that a major surge is on the horizon. #Bitcoin Did you know that $BTC copies the famous Wyckoff Reaccumulation Model almost perfectly? I’ve been sharing this chart for weeks now. Don’t let yourself be shaken out here. Higher soon. $70,000 next. pic.twitter.com/xv3d3soYq9 — 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) July 25, 2024 Featured image created with DALL-E, Chart from TradingView

Bing search results organized by AI, now in limited release, will feature prominent links to external sites.

The outspoken privacy advocate said elections historically haven't changed much, and meanwhile railed against the threat AI poses to citizens.

The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates for significant institutional investment in the newly approved market. However, US states are also rushing to capitalize on the success of these ETFs by allocating a portion of their pension funds to reap profits and diversify their investments. Wisconsin, Jersey City, Michigan Allocate Millions To Bitcoin ETFs The first state to take the plunge was Wisconsin, which in May 2023 allocated approximately $98.6 million, or 2% of its pension fund, to BlackRock’s iShares Bitcoin Trust ETF. Now, two more states have joined Wisconsin in allocating state pension funds to Bitcoin ETFs. On Thursday, NewsBTC reported that the mayor of Jersey City, Steven Fulop, announced that it is updating its paperwork with the SEC to allow its pension fund to invest in Bitcoin ETFs.  Related Reading: VacEck Places $52.4 Million Price Tag On Bitcoin, But How Is This Possible? The latest state to join the Bitcoin ETF investment bandwagon is Michigan; as in an SEC filing on Friday morning, the State of Michigan Retirement System reported owning $6.6 million worth of shares in the ARK Bitcoin ETF managed by Ark Invest, amounting to 110,000 shares as of June 30th. However, Jersey City remains the only one that discloses the percentage of the fund’s investment in the Bitcoin ETF market and which asset manager will be selected to manage the fund’s allocation.  Still, this notes the significant traction that the new Bitcoin ETF market has gained over the past seven months among institutions and now these states, adding to the notable inflows and assets under management surpassing the $17 billion milestone, eclipsing tech-based ETFs.  BTC Price Rebound Fueled By Spot ETFs The Bitcoin price has steadily recovered over the past two weeks, rebounding from a 6-month low of $53,500 at the beginning of July. However, according to a new report by on-chain and market data analytics firm CryptoQuant, this price recovery has continued to rely on spot Bitcoin ETFs rather than a surge of new investor inflows. The CryptoQuant report examined Bitcoin price movements and new investor holdings over the past 8 years and found that in previous long-term bull cycles, the Bitcoin price peaked when the number of new entrants crossed a certain threshold, indicating a strong “fear of missing out” (FOMO) driving inflows. However, the firm contends that the current Bitcoin bull cycle does not exhibit the same trend of new investor inflows at price tops. Instead, the report noted that the recent spike in new inflows seen in the year’s first quarter appears to be just a temporary wave between longer-term cycle tops. Related Reading: Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says This suggests that Bitcoin’s recent price recovery has been driven more by the inflows into spot Bitcoin ETFs rather than a surge of new investors entering the crypto market.  While spot ETFs have supported the Bitcoin price, the report indicates that a more sustainable upside will depend on a return of new investor demand. When writing, the largest cryptocurrency on the market was trading at $67,530, up nearly 5% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com 

Presidential candidate Robert F. Kennedy Jr. pledged to sign an executive order on his first day in office if elected that would make Bitcoin a strategic reserve asset for the US. Addressing attendees at the Bitcoin2024 conference on July 26, Kennedy outlined a vision where Bitcoin would play a key role in enhancing America’s economic The post RFK Jr. vows to make Bitcoin strategic reserve asset, calls it corruption’s ‘greatest foe’ appeared first on CryptoSlate.

The presidential hopeful praised Bitcoin eloquently as a future support for the US economy and a way to fix broken American money and society.

“We have thrown all of our instruments at this,” a NASA scientist tells Decrypt, but more study is needed to determine the origin.

Grayscale must await final regulatory signoff on its registration filing before listing the fund

The two Republican senators claimed that if their party wins control of the Senate, they will stop the SEC’s “regulation by enforcement.”

The popular prediction market is taking wagers on the world’s biggest sports event.

Crypto analyst RLinda has revealed that XRP is showing impressive strength despite the decline in Bitcoin and Ethereum’s price. She explained why XRP suddenly has such a bullish outlook, considering that the crypto token has underperformed since the start of the year.  XRP Is The “Strongest” In The Market RLinda mentioned in a post on TradingView that XRP is the strongest in the market. She noted that the crypto token has been holding quite well as traders and investors are again becoming bullish on XRP due to its “improving fundamental backdrop.” She alluded to the long-running legal battle between the US Securities and Exchange Commission (SEC) and how Ripple CEO Brad Garlinghouse recently stated that he expects the lawsuit to end “very soon.” Related Reading: Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First RLinda also mentioned the rumors that the SEC’s closed-door meeting on July 25 was related to a potential settlement with Ripple. As such, these bullish fundamentals have led to rising trading volumes, prices hitting local highs, and increased whale activity. Bitcoinist recently reported that XRP whales accumulated over 140 million XRP tokens this past week.  Network activity on the XRP Ledger (XRPL) has increased significantly, with a notable increase in the number of new addresses on the network and total addresses interacting on the network, both metrics at their highest levels since March. This again highlights the bullish sentiment that investors are beginning to have towards XRP in anticipation of higher prices.  These investors expect that the conclusion of the legal battle between the SEC and Ripple could trigger a massive rally for XRP, especially considering that this case is believed to have been a stumbling block to XRP’s growth in the 2021 bull run. XRP is also long overdue for such a rally, seeing how it has consolidated for over six years. As such, an end to the lawsuit could provide the much-needed catalyst to spark such price movement.  Interestingly, crypto analysts like JackTheRippler previously predicted that XRP could climb as high as $100 once the case between the SEC and Ripple ends.  Key Price Levels To Watch Out For RLinda mentioned that the price range between $0.6378 and $0.5712 is worth paying attention to from a technical perspective. She claimed that XRP’s price may test liquidity below the support before subsequent growth if it fails to break the resistance level at $0.6378. She also highlighted another crucial resistance level at $0.7440. Related Reading: Ethereum Whales Rapidly Accumulate ETH Amid Price Decline Meanwhile, according to RLinda, $0.5712 and $0.5100 are crucial support levels that XRP needs to hold above, as a drop below these levels could invalidate its bullish outlook. The analyst again alluded to the lawsuit and asserted that it would give XRP a “second life.” She suggested this could lead to a successful breakout from the $0.6378 price level, which she added will “open a new path” for the crypto token.  At the time of writing, XRP is trading at around $0.6, up almost 1% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S.

MicroStrategy executive chairman Michael Saylor said Bitcoin could help solve half the world’s economic problems, especially for countries struggling with challenges related to rising national debt. Saylor made the statement during his presentation at the Bitcoin2024 conference, where he emphasized the transformative potential of Bitcoin and its role in reshaping the global economy with digital The post MicroStrategy’s Saylor says first country to buy Bitcoin by issuing currency ‘wins’ appeared first on CryptoSlate.

US Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden’s proposed 30% tax.

The former National Security Agency contractor did not name any particular US or international lawmakers but warned many didn’t belong to the “tribe” of Bitcoiners.

Looking for the daily combo and cipher code for Friday, July 26? Here’s what you need to make bank in Telegram game Hamster Kombat.

Altcoins are in accumulation territory after experiencing a drawdown over the last 3 months.

“Triple maxi” Bitcoin bulls could earn a net worth of $214 million by 2045, Saylor said.

The Bitcoin bull turned the dial up to 10 before thousands of conference attendees in Nashville.

Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. Related Reading: Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance? From RNDR To RENDER Last year, the Render Network Foundation changed from Ethereum (ETH), where it was initially launched, to Solana (SOL). The move followed a community vote that passed two major upgrades for the Network. According to the announcement, the Solana switch was “proposed for faster transactions, cheaper fees, and the project’s needs to achieve more ambitious goals with more on-chain data and transactions.” The community also voted to rebrand the token from RNDR to RENDER, which would conclude in 2024. This month, the foundation informed users that many crypto exchanges, including Binance, Kraken, OKX, Crypto.com, and KuCoin, would automatically swap the RNDR tokens for the rebranded token on a 1:1 ratio. On Monday, the RNDR delisting from crypto exchanges began ahead of the scheduled migration on July 26. Exchanges halted most operations with the token, negatively impacting its performance over the week. Moreover, Whales seemingly contributed to the impact of the token’s price. Online reports revealed that some major holders sold their RNDR following the news, dragging the price from above the $7 support level to below the $6.5 price range. The token continued to plunge in the following days, dropping below the $6 mark, a 17% drop in four days. Nonetheless, the highly anticipated migration and listing of the new RENDER token seems to have kickstarted a price recovery. AI Token Skyrockets 17% Following Binance Listing The newly rebranded crypto AI token surged over 17% today after being listed by crypto exchange Binance. On Friday, the exchange announced that RENDER had been added to Binance Simple Earn, Buy Crypto, and Binance Convert. Additionally, it revealed that the Binance Margin and Futures options would be available today for the AI token. Meanwhile, the Auto-Invest option will be added on Monday, July 29. On that date, Kraken, the crypto exchange, will also list the RENDER and delist the RNDR. Investors and market watchers expressed their optimism over the rebrand and Binance listing. An X user claimed that, as the project begins this new era, “the RENDER token with this fresh chart of around $6.5 lows has potential to reach unimaginable heights.” Crypto analyst Coinboss considers that the token could “do a flipperino” if it has a clean break out above the $7 resistance level. A successful retest of the target could potentially lead the token to reclaim the $11 mark, further fueling a surge above RNDR’s all-time high (ATH) of $13.53. Another pseudonym crypto analyst believes RENDER could reach $10 soon, stating, “Thanks for the fud. See you above $10.” Some users also consider that investors will regret not getting the “greatest buying opportunity.” Related Reading: Solana’s Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin In the last 24 hours, the crypto AI token has seen a remarkable 140% surge in market activity, with $83.1 million daily trading volume. As of this writing, RENDER is trading at $6.89, a 15.6% rise in the past day. Featured Image from Unsplash.com, Chart from TradingView.com

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.

The Bitcoin emoji hashtag on Twitter is no more, just days after Elon Musk said he pushed to kill the broader feature.

US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, highlighting the alignment of these values with American ideals of liberty and autonomy. Hagerty said during his appearance at the Bitcoin2024 conference on July 26 that the flagship crypto represents the fundamental principles of freedom The post Senator Hagerty says loving Bitcoin is in every American’s ‘DNA’ – praises Trump’s stance appeared first on CryptoSlate.

The Executive Chairman of MicroStrategy spoke Friday at Bitcoin 2024.

Jersey City has announced that its municipal pension plan will invest in Bitcoin (BTC) through spot Bitcoin ETFs, in what is being called a symbolic moment for the cryptocurrency industry as it considers wider adoption.

Bitcoin currently has a market capitalization of roughly $1.3 trillion, while the entire crypto market cap is roughly $2.4 trillion.

Solana price is up today, and charts suggest it could be en route to new all-time highs.

Dogizen Launch Imminent, Challenging Hamster Kombat and Catizen

Bioniq CEO Bob Bodily talks about Ordinals and the need for covenants on the Bitcoin network at Bitcoin 2024.

In an SEC filing, the state's pension fund disclosed holding 110,000 shares of the ARK 21Shares Bitcoin ETF as of June 30.

The Bitcoin miner is seeking partners to build BTC payment apps, a company executive said.

Galaxy launched a $113 million crypto fund on the week of the debut of the first spot Ether ETFs in the US. Nansen has also launched the industry’s first Ether ETF analytics dashboard.

The EigenLayer Foundation has announced an upcoming rewards program that will reward stakers and operators for securing Actively Validated Services. According to details in a blog post, the Ethereum (ETH) restaking protocol is also introducing a new incentive program that…

Bitcoin price is being driven higher by a new set of bullish catalysts.

The Federal Reserve Board said the termination of an enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, according to a July 26 press release. The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors. The Fed’s decision comes The post Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation appeared first on CryptoSlate.

Former FTX CEO Sam Bankman-Fried reportedly donated roughly $40 million directly to political candidates and PACs in 2022 before the collapse of his crypto exchange.

Former U.S. President Donald Trump is set to speak for 30 minutes onstage at Bitcoin’s biggest gathering. Here’s what you need to know.

$TEA memecoin has announced the latest roadmap update and the upcoming listing on a CEX. These milestones mark significant progress for the product-based memecoin that has quickly gained traction within the crypto space.

The Fed's decision to drop enforcement against Silvergate highlights ongoing regulatory scrutiny in the crypto banking sector, with the SEC still pursuing legal action. The post Fed drops enforcement action against Silvergate appeared first on Crypto Briefing.

Celebrity memecoins on Solana have become a dime a dozen this cycle, but data shows investors hardly see returns. Some 30 celebrity memecoins launched on Solana (SOL) last month as popular figures capitalized on the speculative investment culture gripping one…

Marathon CEO Fred Thiel said he would not comment on Harris’ policies because they are still unknown at this time.

Explore the potential rise of politicized memecoins like TRUMP (MAGA), Super Trump (STRUMP), and Kamala Horris (KAMA) following the 2024 US presidential election and Trump's speech at the Bitcoin 2024 Conference.

Stay updated with the latest crypto events: Bitcoin 2024 conference boosts BTC, Ethereum sees a rise in active addresses, and Ferrari introduces crypto payments. Discover the potential growth of Bitcoin and Ethereum.

Singapore Leads Global Web3 Index 2024 According to Coincub’s Global Web3 Index 2024, Switzerland, Singapore The post This Week In Crypto Asia: Singapore Leads Global Web3 Index 2024 appeared first on .

LEDGER FLEX product announced by Pascal Gauthier and Ian Rogers at The Bitcoin Conference — Easy, Secure Self-Custody, Free From Compromise. Ledger also announced Ledger Security Key, a new app allowing seamless login, essential for Proof of You

Ledger celebrates its 10th anniversary with the launch of Ledger Flex, an NFC-enabled wallet featuring secure E Ink touchscreen displays. The post Ledger launches new wallet with secure, contactless E Ink touchscreen displays appeared first on Crypto Briefing.

Investors must look for alternative profit opportunities beyond established projects such as Bitcoin ($BTC) in the volatile crypto world. Although they come with more risk, memecoins offer a great way to make substantial returns.

Exchange aggregators streamline crypto trading, enhancing market efficiency and accessibility while offering privacy and incentivizing user engagement. The post Crypto consolidation: Understanding the role of exchange aggregators in the market appeared first on Crypto Briefing.

The State of Michigan Retirement System holds 110,000 shares in ARK 21Shares Bitcoin ETF (ARKB), which amounts to roughly $6.6 million, according to a July 26 filing with the United States Securities and Exchange Commission (SEC). Bloomberg’s senior ETF analyst Eric Balchunas noted that the ARKB shares purchase represents a significant step in the adoption of The post Michigan pension fund adds $6.6 million in Bitcoin ETF holdings appeared first on CryptoSlate.

Bitcoin’s recovery from the $63,500 level is encouraging, but higher levels may face solid resistance from the bears.

MicroBT's founder and CEO, Dr. Yang, announced the latest generation of WhatsMiner products in Nashville.

A crypto PAC used roughly $1.5 million to fund a media buy for Democrat Emily Randall, while her rival’s campaign manager criticized the move as having “sold out” the district.

WienerAI, the AI-driven memecoin, enters its final presale phase with $8M raised, showcasing strong interest and confidence. #partnercontent

The State of Michigan Retirement System has invested $6.6 million in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The ETF investment, disclosed in a 13-F form filed with the SEC, represents a small fraction — 0.004% — of the state’s…

Solana-based memecoin, Husky Inu ($HINU, recently launched its presale with great success. While still in its early days, the presale shows no sign of losing momentum.

Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.

Melbourne, Australia, 26th July 2024, GamingWire

Rootstock verified the SNARK using BitVMX, which is Rootstock's modified version of BitVM

The asset manager is considering expanding tokenized securities to the Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.

Jan van Eck, the chief executive officer of investment management firm VanEck, has reiterated his bullish stance on Bitcoin by declaring at Bitcoin 2024 that ‘way over 30%’ of his portfolio is in Bitcoin. The VanEck CEO stated that he…

As Paris 2024 kicks off, Solympics jumps 18% in 24 hours while The meme games nears $300K in presale, attracting crypto traders' interest. #partnercontent

Andrew Left and Citron Capital have been charged by the SEC and DOJ for a multi-million-dollar fraud scheme—and GameStop fans are celebrating.

On stage at the Bitcoin Conference 2024 today, Jan van Eck announced that way over 30% of his portfolio is in Bitcoin. Van Eck, CEO of the investment management firm VanEck, frequently compares Bitcoin to gold, viewing it as “digital gold” and a potential store of value. In an environment where global monetary stimulus erodes The post ETF issuer Jan VanEck has ‘way over 30% of his portfolio in Bitcoin’ appeared first on CryptoSlate.

AI memecoin Raboo surges while Link dipped and Pepe fell sharply, highlighting market volatility. #sponsoredcontent

The Bitcoin chart flashed a crucial buy signal for investors, but BTC still faces significant resistance at the $68,500 mark.

Talking with crypto.news, Curve founder Michael Egorov argued that defi’s ecosystem still holds the biggest value proposition over speculative trends like memecoins.  During the 2021 peak, sometimes called crypto summer, decentralized finance took the driving seat. Defi tokens surged to…

Shiba Inu (SHIB) initially gained fame as a meme-based cryptocurrency and quickly captured the public's imagination with its playful branding and vibrant community

Elon Musk’s social media platform X has caused controversy within the cryptocurrency community due to The post Elon Musk’s X Sparks Controversy By Removing Crypto Emojis appeared first on .

The Layer 2 battle heats up as Solana nears flipping BNB, while crypto casino Rollblock rises rapidly, gearing for an epic rally. #partnercontent

The WienerAI presale is in its final stage and will end on July 31st. The meme coin is then expected to launch on Uniswap and other popular DEXs in the next few days.

Casa now lets users secure their Bitcoin vaults with YubiKey hardware security keys, bringing convenience and security to Bitcoin self-custody.

Institutional adoption of Bitcoin by pension funds signals growing mainstream acceptance, potentially influencing broader financial market dynamics. The post Michigan pension fund invests $6.6 million in Bitcoin via ARK 21Shares ETF appeared first on Crypto Briefing.

FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits.

Discover the Church of the Smoking Chicken Fish as SCF Price embarks on a holy The post Church Of The Smoking Chicken Fish Trending On Solana And Check This Presale appeared first on .

Arbitrum’s Decentralized Autonomous Organization (DAO) is reviewing a proposal to expand the network’s Orbit Chain to other blockchains beyond Ethereum. Expansion program In January, the Arbitrum Foundation introduced the Arbitrum Expansion program to extend its Orbit Chain to other Ethereum-based chains. The program allowed crypto projects to fork the Arbitrum codebase and tailor it to The post Arbitrum proposes expanding Orbit Chain beyond Ethereum appeared first on CryptoSlate.