Cryptocurrency

News

  • Aussie admits to promoting BitConnect crypto services without a license
    by Cointelegraph by Ciaran Lyons on 18. May 2024 at 5:25

    The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.

  • PEPE and KANG witness surge in whale activity amid price rally to new all-time high
    by Guest Post on 18. May 2024 at 5:23

    Pepe and KangaMoon token holders are seeing a surge in whale activity as their prices reach new all-time highs. #sponsoredcontent

  • Over 80% of Newly Listed Crypto Assets on Binance Have Declined in Value: Data
    by Wayne Jones on 18. May 2024 at 4:15

    According to the analyst, most new tokens on Binance are listed with an inflated valuation despite lacking a substantial user base.

  • Biden may rethink SAB 121 vote veto due to political support for crypto
    by Cointelegraph by Daniel Ramirez-Escudero on 18. May 2024 at 2:48

    The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision?

  • Optimism Network Activity Metrics Approach Record Levels, Propelling OP 9% Higher
    by Ronaldo Marquez on 18. May 2024 at 2:00

    Layer 2 (L2) scaling solution Optimism reported a series of strong network metrics in the first quarter (Q1) 2024, with its native OP token surging 9% on the back of this bullish momentum. Optimism Sees Higher Activity And Rising Transaction Fees According to a recent Messari report, Optimism’s circulating market cap increased 11% quarter-over-quarter (QoQ) to $3.7 billion, while its fully diluted market cap rose 1% to $15.7 billion.  Despite the broader crypto market rally, with Bitcoin (BTC) and Ethereum (ETH) gaining 69% and 53% QoQ, respectively, OP’s market cap ranking slipped from 26th to 39th among all blockchain networks. However, within the Ethereum ecosystem, OP remains one of the top four rollups by market capitalization. Driving this growth was a significant uptick in Optimism network activity. Daily active addresses reached 89,000 in Q1 2024, a 23% QoQ increase, while daily transactions surged 39% to 470,000 over the same period. These metrics approached, but did not quite reach, their all-time highs in Q3 2023. Related Reading: Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000 The network’s revenue also saw a substantial 78% QoQ increase to $16 million, driven by higher activity and a 48% rise in the average transaction fee to $0.42. However, this average fee dropped significantly in the latter half of March due to the implementation of Ethereum Improvement Proposal (EIP) 4844, which reduced L1 submission costs by 99%. Total Value Locked Jumps 18% In Q1 Despite the fee reduction, Optimism’s on-chain profit for Q1 2024 increased 14% QoQ to $2 million. The network’s Total Value Locked (TVL) also grew by 18% to $1.2 billion, though its TVL ranking among all networks fell to 11th place. Within Optimism’s TVL, the DeFi sector dominated, accounting for 86% of active addresses. According to Messari, non-fungible token (NFT) applications and gaming followed with 6.9% and 6.7%, respectively.  TVL’s leading protocols included Synthetix ($307 million, +4% QoQ), Aave ($270 million, +52% QoQ), and Velodrome ($171 million, +10% QoQ). Optimism’s stablecoin market capitalization also grew significantly, reaching $809 million (+32% QoQ) by the end of Q1 2024. Circle’s USDC stablecoin and Tether’s USDT made up most of this, with USDT seeing a 64% QoQ surge to $512 million, or 63% of the total stablecoin market cap on Optimism. OP Rebounds Alongside Crypto Market Resurgence Despite Optimism’s strong performance across key metrics in Q1 2024, the network’s native token, OP, did not see a corresponding price increase at the end of Q1. Instead, OP followed the broader market downtrend, hitting an annual low of $1.80 just one month after hitting an all-time high of $4.84 in March.  However, OP has followed suit as the overall cryptocurrency market has seen a resurgence of bullish momentum in the past few days. In the past 24 hours, the token has recorded a 9% price increase and a 3% uptick in the past week, currently trading at $2.56.  Furthermore, CoinGecko data shows a 19% increase in OP’s trading volume over the past 48 hours, reaching $290 million. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally While this renewed bullish sentiment is encouraging, OP still trades 46% below its all-time high and faces significant resistance levels soon before a potential retest of this milestone.  The first key resistance is at $2.65, followed by $2.90, which must be overcome before the token can push towards the $3.00 level. Conversely, the $2.34 support level has proven crucial and must be monitored closely in case of any bearish resurgence.  Featured image from Shutterstock, chart from TradingView.com

  • Crypto personality pleads guilty to fraud after promising 60% 'fictitious' returns
    by Cointelegraph by Ciaran Lyons on 18. May 2024 at 1:26

    The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a "fictitious" cryptocurrency” wallet after promising significant gains.

  • Crypto Post-Mortem: Here’s How Pump.Fun Was Exploited For $2 Million
    by Rubmar Garcia on 18. May 2024 at 1:00

    Solana-based platform Pump.fun suffered an exploit that left the crypto community with many questions. The attack stole millions of dollars in users’ funds, but the reasons behind it and the exact amount of the loot were unclear. Amid the uncertainty, some claimed that a crypto Robinhood had emerged. Related Reading: Bitcoin Still Has “A Lot Of Room To Run Before Reversal,” Says Top Analyst $80 Million Taken In Crypto Heist? On Thursday, the platform Pump.fun announced its bounding curve contracts had been compromised. In the post, the team alerted users that all trading was temporarily halted while they investigated the incident. Pump.fun is a trading platform created to “prevent rugs” by ensuring that all created crypto tokens are safe. The platform allows users to easily launch instantly tradeable tokens with no presale and no team allocation. This solution became an extremely popular alternative among influencers and users who wanted to create tokens without the complexity or high costs of launching a project. It uses bonding curve contracts for the tokens, a mathematical model that determines a token’s price based on supply, increasing with the number of tokens bought. After the token’s market capitalization reaches $69,000, part of the liquidity is deposited on Raydium to be burned. Since the attack, the team has assured users that the contracts have been upgraded to prevent further fund loss, adding that the protocol’s total value locked (TVL) is safe. However, the community’s reports were contradictory and alarming. Some users claimed the attacker had taken $80 million in crypto from the platform’s bonding curve contracts, which worried the affected users. According to Lookonchain’s report, the hacker was quickly identified. At first, he pretended to be an unaware user, asking what the damages were. However, he later accused the platform’s founders of withdrawing the exact amount stolen a day prior. An X user claimed the individual chose to “be a Robin Hood, dropping hacked cash to $SOL communities.” The attacker also stated in a post his desire to “change the course of history.” However, his “heroic outlaw” endeavors affected 1,882 addresses. What Happened? Despite the speculation and the attacker’s posts, it was later revealed that he was a Pump.fun ex-employee. In its post-mortem post, the platform’s team revealed that the individual had used their position to misappropriate funds from the bonding curve contracts. The attacker illegitimately accessed the accounts after obtaining the private keys, “using their privileged position at the company.” The former employee used flash loans from Solana lending protocol to steal 12,300 SOL, worth around $1.9 million. Per the post, he borrowed SOL to buy as many tokens as possible in Pump.fun. When the tokens hit 100% on their respective bonding curves, the attacker used the keys to access the bonding curve liquidity and repay the flash loans. Fortunately, the attacker could only access $1.9 million out of the $45 million liquidity in contracts. Since then, the team has redeployed the bonding curve contracts and offered a plan to help affected crypto investors. Related Reading: Fetch.AI Soars 14.5% As AI Tokens Surge, Can FET Reach $4? To make users whole, the team will “seed the LPs for each affected coin with an equal or greater amount of SOL liquidity that the coin had at 15:21 UTC within the next 24 hours.” Moreover, they are offering 0% trading fees for the next 7 days. As a user pointed out, this action is “non-trivial” since Pump.fun makes $1 million daily from fees. Featured Image from Unsplash.com, Chart from TradingView.com

  • Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
    by Mike Dalton on 18. May 2024 at 0:48

    Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures The post Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end appeared first on CryptoSlate.

  • Crypto Analysts Reveal Sub-$1 Altcoins Set To Outperform In The Bull Run
    by Scott Matherson on 18. May 2024 at 0:00

    With the Bitcoin price having already seen a massive rally over the past year, crypto investors have turned their attention to altcoins. This is because altcoin season usually comes after Bitcoin finishes rallying and they present more potential for upside. Ahead of the second leg of the crypto bull market that is suppose to happen sometime this year, the crypto analysts at Analyst Buzz have revealed the top altcoins that are trading under $1 right now that could be a good buy. Still Bullish On Polygon’s MATIC The first of the altcoins featured on the list is Polygon’s MATIC. This comes as a surprise, as MATIC has been one of the only top altcoins that has failed to see any kind of outperformance in the last year. However, this could be part of the reason why the analyst feels the altcoin is set to outperform. Related Reading: Why Is This Crypto Pundit Warning XRP Investors To Be At Alert For The Next 3-12 Months Despite rallying in the last day, the MATIC price is still down more than 75% from its all-time high price of $2.92. This is in start contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which have either broken a new all-time high or come close to it this year. Ondo Finance Still A Top Contender Among Altcoins Ondo Finance has been making waves this year, and despite being relatively new compared to the other altcoins on this list, its performance has been among the top movers. The cryptocurrency was pushed into the limelight following its partnership with trillion-dollar asset manager BlackRock. In 2024 alone, the coin has seen an over 1,000% gain, going from $0.08355 to over $1 before correcting back downward. But despite this, the crypto analysts expect the altcoin to continue to perform well going into the bull run. Oasis Network (ROSE) Makes List Of Altcoins With Potential Oasis Network’s ROSE also makes it into Altcoin Buzz’s list of altcoins set to outperform in the bull market. This Layer 1 blockchain project had flown under the radar during the bear market, which eventually saw its price fall around 90% from its all-time high of $0.59. However, the price of ROSE is beginning to pick up now and is currently trading at what many call a steal at $0.091. Unlike the altcoins already mentioned, the ROSE market cap is still under $1 billion, which gives it a lot of room to run during the crypto bull market. Golem (GLM) Is Still In The Game? Featuring among the list of altcoins with the potential to outperform in the crypto bull market is GLM, the native token of the Golem platform. Golem has been in the crypto market for a while but it is only now that it is making its play as AI and computing become a leading narrative in the market. Related Reading: Why Did The Bitcoin Price Rise Above $66,000 Today? The project features a peer-to-peer distributed computing resource which allows users to interact directly with each other. As computing becomes an even hotter narrative, Golem could very well be a great investment. GLM is currently down around 57% from its $1.25 all-time high after a rather eventual start to 2024. Just like Oasis Network (ROSE), its market cap is still under $1 billion, making it one of the altcoins with the potential to run hard. Chart from Tradingview.com

  • Meme coin supercycle or liquidity crisis? Expert discuss RoaringKitty’s return
    by Gino Matos on 17. May 2024 at 23:55

    Keith Gill's return as RoaringKitty leads to a GameStop stock jump and potential meme coin supercycle, with crypto market liquidity remaining strong. The post Meme coin supercycle or liquidity crisis? Expert discuss RoaringKitty’s return appeared first on Crypto Briefing.

  • Kraken considers delisting USDT in Europe due to MiCA rules
    by Mike Dalton on 17. May 2024 at 23:15

    Kraken could drop EU support for Tether’s USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.” The EU’s regulatory landscape is set to change when the EU’s Markets in The post Kraken considers delisting USDT in Europe due to MiCA rules appeared first on CryptoSlate.

  • Solana Takes The Crown: CoinGecko Ranks It The Best, Leaving Ethereum Behind In Key Metric
    by Ronaldo Marquez on 17. May 2024 at 23:00

    The race to achieve the fastest blockchain transaction processing speeds is heating up, Solana (SOL) is in the spotlight as a new report from crypto data aggregator CoinGecko reveals some surprising findings.  The study analyzes the real-world transaction per second (TPS) performance of a range of large blockchain networks, both Ethereum-based and non-Ethereum (ETH) Virtual Machine (EVM) protocols. Solana Emerges As The Undisputed Speed Champion According to the findings, Solana has proven to be the fastest among large blockchains, with its actual daily average transactions per second (TPS) reaching a record high of 1,504 on April 6th, 202. Notably, this figure makes Solana 46 times faster than Ethereum, the second-largest cryptocurrency by market capitalization. Furthermore, Solana’s TPS is more than 5 times faster than Polygonm (MATIC), which currently holds the highest TPS among Ethereum scaling solutions. Related Reading: Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000 According to CoinGecko, this demonstrates the superior processing power of the non-EVM blockchain and its ability to handle a large influx of transactions, especially during periods of heightened market activity, such as the recent Memecoin mania, specifically within the Solana network. However, it’s important to note that despite Solana’s performance, the blockchain has only achieved 1.6% of its “theoretical maximum speed” of 65,000 TPS. This suggests that there is still significant room for improvement, and the network’s upcoming upgrades will be closely watched to see how quickly it can record even higher real TPS. Ethereum Scaling Solutions Lag Behind Non-EVM Blockchains The second-fastest blockchain in the study is another non-EVM protocol, Sui (SUI), which recorded its highest real TPS of 854 in July 2023 as the on-chain game Sui 8192 gained popularity. Other fast blockchains among the non-EVMs include The Open Network (TON) at 175 TPS and Near Protocol (NEAR) at 118 TPS. In contrast, the non-EVM blockchains that have recorded relatively lower real processing speeds are Aptos (49 TPS), Starknet (12 TPS), Bitcoin (11 TPS), and Thorchain (2 TPS).  Collectively, the 8 non-EVM large blockchains have an average peak TPS of 284, which is 3.9 times faster than the 17 largest EVM and EVM-compatible blockchains, which have an average of just 74 TPS. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally The EVM-compatible blockchain that has achieved the fastest real TPS is BNB Smart Chain (BSC), which recorded 378 TPS on December 7th, 2023, amid the surge in on-chain activity driven by the inscriptions craze. This performance places BSC as the fastest Ethereum-based blockchain, though it still lags behind the top non-EVM protocols. Similarly, the surge driven by inscriptions allowed Polygon to record 190 TPS on November 16th, 2023, making it the fastest among the largest Ethereum scaling solutions and 8.4 times faster than Ethereum itself. However, the leading non-EVM blockchains still outpacing even Polygon’s impressive speed. At press time, SOL was trading at $168, up nearly 7% in the last 24 hours and registering an impressive 720% gain year-to-date.  Featured image from DALL-E, chart from TradingView.com 

  • Base records 212% increase in perpetual trading volumes
    by Gino Matos on 17. May 2024 at 22:45

    Base blockchain's trading volumes soar with JOJO DEX, capturing a significant share and showcasing user engagement in the ecosystem. The post Base records 212% increase in perpetual trading volumes appeared first on Crypto Briefing.

  • Feds Charge Chinese Nationals in $73 Million 'Pig Butchering' Crypto Scam
    by Jason Nelson on 17. May 2024 at 22:25

    The Department of Justice charged Daren Li and Yicheng Zhang with orchestrating a “pig butchering” cryptocurrency scam.

  • Infamous Pink Drainer Calls It Quits, Citing Mission Accomplished
    by Chayanika Deka on 17. May 2024 at 22:12

    The unexpected move comes as Pink Drainer claims to have accomplished its mission.

  • Changpeng Zhao teases writing project ahead of reporting to prison
    by Cointelegraph by Turner Wright on 17. May 2024 at 22:01

    On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing.

  • Unstoppable Bitcoin? CryptoQuant’s CEO Foresees Bull Run Extending To 2025
    by Samuel Edyme on 17. May 2024 at 22:00

    According to Ki Young Ju, CEO of CryptoQuant, the Bitcoin current market dynamics suggest a bullish phase that could extend well into April 2025. Ju’s analysis comes amid BTC’s current uptrend, which appears to be a continuation of that seen in March, when BTC achieved a new all-time high, surging above $73,000 for the first time. Related Reading: Analyst Utilizes Supply And Demand Principles To Determine Bitcoin Price Bitcoin Market Cap Growth Indicates Prolonged Uptrend, Says CryptoQuant CEO Notably, Ki Young Ju’s prediction stems from an analysis of Bitcoin’s market capitalization growth, which has been outpacing its realized capitalization — a measure of the market’s aggregate cost basis. This trend is a classic indicator of a strong bullish cycle and has been a reliable harbinger of sustained upward momentum in past market cycles. Ju’s analysis highlights that the market cap’s rapid growth compared to the realized cap suggests increased investor confidence and market momentum. This pattern has historically signaled prolonged bullish phases. If the current trends persist, this cycle is expected to continue, leading to significant gains in Bitcoin’s value over the next year and a half. #Bitcoin is in the middle of the bull cycle. Its market cap is growing faster than its realized cap, a trend that typically lasts around two years. If this pattern continues, the bull cycle might end by April 2025. pic.twitter.com/o4k8B1Rkhv — Ki Young Ju (@ki_young_ju) May 17, 2024 Bitcoin has shown a positive trend, with a 1.9% increase in the past 24 hours and an over 12% rise in the past two weeks. At the time of writing, it is trading around $67,201. Institutional Adoption And Market Sentiments Underpin Bullish Outlook The optimistic outlook for BTC is not just based on historical trends and market cap analysis. Recent developments in institutional adoption provide further support for this positive trajectory. Anthony Scaramucci, the founder and managing partner of SkyBridge Capital and a notable Bitcoin advocate, recently discussed on CNBC’s Squawk Box how US pension funds are beginning to invest in BTC. “When you do the homework on Bitcoin, you go towards Bitcoin…sometimes when you’re early you get some bumps and scrapes, but I think it pays to be early in Bitcoin and we are still early in Bitcoin,” says SkyBridge Capital’s Anthony Scaramucci. pic.twitter.com/HTfbwH5VJG — Squawk Box (@SquawkCNBC) May 16, 2024 This move by institutional investors, such as the State of Wisconsin Investment Board’s approximately $100 million investment in BTC, signals a broader acceptance and integration of BTC into traditional financial portfolios. Scaramucci emphasized that institutional BTC adoption is unfolding rapidly, and he anticipates more pension funds will pursue Bitcoin investments. He pointed out that regulatory approvals have opened the doors for large-scale institutional participation in BTC. This endorsement will make Bitcoin a staple in these institutions’ long-term asset allocation strategies. According to Scaramucci, understanding Bitcoin and the history of money is key to recognizing its potential. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally He remarked, Being early in Bitcoin is profitable, and “we are still early… sometimes when you’re early you get some bumps and scrapes.” Featured image created with DALL·E, Chart from TradingView

  • Scaramucci says institutional adoption of Bitcoin set to accelerate
    by Assad Jafri on 17. May 2024 at 21:59

    SkyBridge Capital founder Anthony Scaramucci believes institutional adoption of Bitcoin has begun in full force and will accelerate rapidly in the coming quarters. Scaramucci made the statement during an interview on CNBC, where he highlighted the growing acceptance of Bitcoin among major financial institutions and pension funds. Scaramucci pointed to Wisconsin’s recent announcement of its The post Scaramucci says institutional adoption of Bitcoin set to accelerate appeared first on CryptoSlate.

  • Ghana, Singapore conduct trade in semi-fungible token pilot project
    by Cointelegraph by Derek Andersen on 17. May 2024 at 21:44

    Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing.

  • How a Crypto Trader Made Over $100K With Two Tweets
    by Jason Nelson on 17. May 2024 at 21:31

    "Only in crypto." Meme coin Pacmoon rewarded one user with a hefty airdrop—which was bigger than expected thanks to a pal’s costly mistake.

  • Base.fun Streamlines Memecoin Launch Process in 1 Click & in $1
    by Crypto Daily on 17. May 2024 at 21:25

    Base.fun, a newly established platform designed to simplify the token launch process, has officially announced its launch.

  • Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder
    by Gino Matos on 17. May 2024 at 21:19

    EVM compatibility is driving the rapid growth of Move-based blockchains like Sui and Aptos, as explained by Movement Labs' co-founder. The post Move-based blockchains growth relies on EVM compatibility: Movement Labs co-founder appeared first on Crypto Briefing.

  • Tether holds more US Treasuries than Germany, ranks 19th globally
    by James Van Straten on 17. May 2024 at 21:14

    Quick Take Tether reported a massive $4.52 billion profit in the first quarter of the year. Notably, the stablecoin issuer’s consolidated financial figures revealed that as of March 31, it held a staggering $91 billion in direct and indirect US treasury bill holdings. Meanwhile, the company also holds a substantial $5.4 billion in Bitcoin. Based The post Tether holds more US Treasuries than Germany, ranks 19th globally appeared first on CryptoSlate.

  • Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack
    by Cointelegraph by Christopher Roark on 17. May 2024 at 21:04

    The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

  • Crypto Alert: VeChain Bull Run Imminent, Expert Predicts 500% Rally
    by Christian Encila on 17. May 2024 at 21:00

    VeChain (VET), a blockchain platform focused on supply chain management, is stirring excitement in the crypto’s fan base. After a period of consolidation, VET is experiencing a surge in investor confidence, buoyed by a recent price increase and positive technical indicators. However, analysts remain cautious, highlighting the inherent volatility of the crypto market and the need for a measured approach. Related Reading: Filecoin On Fire: Analyst Torches Doubters With $15 Target Resurgence And Resistance Since the top altcoin has been trading sideways for more than a month, investors are turning to other potentially profitable cryptocurrencies. But, the last 24 hours have offered a different perspective that could potentially change the narrative in favor of VeChain. In the last day, VET has defied the broader market malaise with a commendable 3% price increase. This resilience comes after encountering a crucial support level, indicating a potential reversal of its recent downtrend. Currently, VET faces a critical test at the $0.04 resistance level. A successful breakout above this barrier could propel the price further upwards, while a rejection could lead to a pause or even a downturn. Technicals Whisper Bullish, Analysts Take Cautious Note The recent price action has triggered bullish signals from technical analysts. The breakout from a “Falling Wedge” pattern, a technical indicator suggesting a trend reversal, has instilled optimism. Popular crypto analyst World of Charts has set a lofty target price increase of 500% in the coming weeks. $Vet Bouncing From Solid Support (Accumulation Zone Area) Successful Retest Can Lead Massive Bullish Wave In Coming Weeks Expecting 400-500% Bullish Wave#Crypto #Vet #Vechain pic.twitter.com/r2eryHNEDL — World Of Charts (@WorldOfCharts1) May 16, 2024 However, seasoned investors know that technical analysis is just one piece of the puzzle. The overall market sentiment and unforeseen events can significantly impact VET’s price trajectory. VET’s Long-Term Potential While the short-term price predictions paint a rosy picture, the true value of VET lies in its underlying technology. VeChain’s focus on supply chain solutions has attracted partnerships with major corporations like Walmart China and DNV GL. These collaborations demonstrate the real-world applications of VeChain’s blockchain platform and its potential to disrupt traditional supply chain management practices. Increased adoption of VeChain’s technology by businesses could translate to long-term growth for the VET token, regardless of short-term price fluctuations. Related Reading: Did A Dogecoin Whale Just Sink The DOGE Ship? The $30-Million Transfer Mystery A Calculated Approach Is Key For VeChain, the coming weeks will be a test of its technical strength and market confidence. A successful breakout above the $0.04 resistance level could usher in a period of sustained growth. But regardless of the short-term price action, VeChain’s long-term potential hinges on its ability to deliver real-world value through its innovative blockchain solutions. Featured image from PBR, chart from TradingView

  • Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more
    by Cointelegraph by Ana Paula Pereira on 17. May 2024 at 21:00

    This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

  • Warren expresses support for SEC’s controversial SAB 121 bulletin
    by Mike Dalton on 17. May 2024 at 20:54

    Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which applies to companies that deal with crypto, is designed to provide accounting guidance. She said that SAB 121 “simply clarifies” how companies should account for risks related to crypto The post Warren expresses support for SEC’s controversial SAB 121 bulletin appeared first on CryptoSlate.

  • Reddit Stock Soars Following OpenAI Partnership Announcement
    by Wayne Jones on 17. May 2024 at 20:24

    OpenAI and Reddit collaborate to provide ChatGPT access to social media content, opening new avenues for interaction and insight.

  • Blockchain gaming investments reached nearly $1B in April
    by Cointelegraph by Tristan Greene on 17. May 2024 at 20:15

    The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

  • Telegram Founder Pavel Durov Says He’ll Hold $7 Million Notcoin Gift Until 100x
    by Andrew Hayward on 17. May 2024 at 20:11

    Pavel Durov holds 1% of this year’s biggest gaming token, donated by players. And he’s not selling his Notcoin—not now, at least.

  • Notcoin donates $7 million in tokens to Telegram and its founder Pavel Durov
    by Oluwapelumi Adejumo on 17. May 2024 at 20:08

    Notcoin, a play-to-earn game, has donated over 1 billion NOT tokens, worth approximately $7 million, to Telegram and its founder, Pavel Durov. In a May 17 social media post, the Telegram-based project shared a screenshot showing its donation and a message expressing its gratitude to the messaging application and its founder. “Thanks for everything you The post Notcoin donates $7 million in tokens to Telegram and its founder Pavel Durov appeared first on CryptoSlate.

  • Ethereum price rallies above $3.1K after unexpected regulatory victory
    by Cointelegraph by Marcel Pechman on 17. May 2024 at 20:05

    ETH price hit $3,100, backed by a favorable court ruling and increased network activity.

  • Here’s what happened in crypto today
    by Cointelegraph by Cointelegraph on 17. May 2024 at 20:03

    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.

  • Polkadot Price On The Verge Of Massive Breakout, Can It Reach $25?
    by Scott Matherson on 17. May 2024 at 20:00

    Polkadot (DOT) has come under the spotlight with crypto analysts laying out bullish narratives for the crypto asset. One of them is crypto expert Michaël van de Poppe, who believes Polkadot could rise to as high as $25 in this bull run.  Polkadot Could Reach $25 On Next Leg Up Michaël van de Poppe mentioned in an X (formerly Twitter) post that Polkadot’s next rally will see it climb between $20 and $25. He explained that the crypto token has seen a substantial correction in the past months, but it showed enough strength by coming back to pre-rally levels. The analyst further claimed that Polkadot has bottomed, “especially since JAM Whitepaper came out.” Related Reading: PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In? As such, he believes that Polkadot is more than primed for this rally, which could propel it to such heights. The crypto analyst has been a big believer in Polkadot’s potential. He previously included Polkadot in a list of crypto tokens that he believes are undervalued. He claimed that DOT’s valuation was still at a cycle low, which had opened up a “huge opportunity” to invest in it.  Van de Poppe is very much invested in Polkadot because of its technology. In a previous X post, he highlighted how the JAM (Join-Accumualte Machine) Paper, which ushered in Polkadot 2.0, would revolutionize DOT’s ecosystem. He also claimed that Polkadot is the “second largest blockchain in terms of developers and growth.” Therefore, he expects DOT’s price to complement the team’s efforts soon enough.  Meanwhile, Van de Poppe expects Polkadot to reach as high as $20 in the third quarter of this year. For now, he believes that the $8 and $17 range are crucial resistance levels that the crypto token must break out of to enjoy such a parabolic rally.  A More Bullish Prediction For DOT Crypto analyst Crypto Thanos offered a more bullish prediction for Polkadot, stating that the crypto token climbing above $50 is “easily achievable” in this bull run. He believes this price is attainable because he expects institutions to get interested in large caps like Polkadot. He also noted Polkadot’s collaboration with Tie, which aims to increase institutional exposure and access.  It is worth noting that Polkadot’s all-time high (ATH) is currently $55, which makes Thanos’ prediction for the crypto token feasible. Crypto tokens are known to usually surpass their ATH in every bull run.  Related Reading: Why Is This Crypto Pundit Warning XRP Investors To Be At Alert For The Next 3-12 Months Crypto analyst Captain Faibik provided insights into what to expect from Polkadot in the short term. He predicts the crypto token will record a 35% “bullish rally” soon enough. He said a “major trendline breakout/retest has already been confirmed” for DOT on the four-hour timeframe chart.  At the time of writing, Polkadot is trading at around $7.11, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Chart from Tradingview.com

  • Steven Cohen's Point72 Also an Owner of Bitcoin Via Spot ETFs
    by Helene Braun on 17. May 2024 at 19:59

    Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing.

  • MakerDAO founder introduces new stablecoins: NewStable and PureDAI
    by Vince Dioquino on 17. May 2024 at 19:57

    MakerDAO founder Rune Christensen unveils NewStable and PureDAI to replace DAI, which has a $5.4 billion market cap. The post MakerDAO founder introduces new stablecoins: NewStable and PureDAI appeared first on Crypto Briefing.

  • Solana Meme Coin Penguiana Hits Softcap As The Presale Raises Over 1500 SOL, Set To Release P2E...
    by Chainwire on 17. May 2024 at 19:48

    [PRESS RELEASE – Dubai, United Arab Emirates, May 17th, 2024] Penguiana’s presale, the penguin-themed Solana meme coin, has now surpassed 1,500 SOL. The team believes this achievement underscores the growing interest surrounding Penguiana within the crypto and meme coin communities. Inspired by the playful and communal nature of penguins, Penguiana is more than just another

  • Aleph Zero Launches Alephoria: Exciting Airdrops, Tournaments, and Rewards Await Users
    by Chainwire on 17. May 2024 at 19:48

    [PRESS RELEASE – Zug, Switzerland, May 17th, 2024] Alephoria invites web3 users to the Aleph Zero ecosystem with an interactive initiative of campaigns as projects launch Aleph Zero–the privacy-oriented layer 1 blockchain–is gearing up for a surge of new users with its Alephoria campaign. Newcomers can look forward to airdrops and other promotional activities as

  • Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined
    by Cointelegraph by Prashant Jha on 17. May 2024 at 19:25

    The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

  • Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
    by Daniel Kuhn on 17. May 2024 at 19:17
  • zkSync gears toward final upgrade, community eyes airdrop by end of June
    by Vivian Nguyen on 17. May 2024 at 19:15

    ZkSync aims to empower users with a governance token airdrop, finalizing its community-led approach after the v24 upgrade in June. The post zkSync gears toward final upgrade, community eyes airdrop by end of June appeared first on Crypto Briefing.

  • Solana Meme Coin Penguiana Hits Softcap As The Presale Raises Over 1500 SOL, Set To Release P2E...
    by Crypto Daily™ on 17. May 2024 at 19:12

    Solana Meme Coin Penguiana Hits Softcap As The Presale Raises Over 1500 SOL, Set To Release P2E Game Demo Next Month

  • Crypto Is Getting Political—Ethereum Giant Consensys Wants to Stay Out of It
    by Sander Lutz on 17. May 2024 at 19:06

    As other firms spend millions on pro-crypto candidates, Joe Lubin tells Decrypt that Consensys has resisted the impulse. Here's why.

  • Bitcoin Whales Quiet Down – Here’s Why And What It Means For The Market
    by Samuel Edyme on 17. May 2024 at 19:00

    Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading. While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics. Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC across 15,907 wallets. Historically, increased activity from these large holders has often preceded significant price movements in Bitcoin, suggesting that their current quiet could lead to various market outcomes. The question remains: What does this reduced activity mean for the market’s future? Related Reading: Is Bitcoin’s Rally Over? Top Analysts Predict Imminent Price Corrections Analyzing Whale Activity: What This Means For Bitcoin A decline in whale activity could initially be interpreted as an indicator of lower market volatility. Significant moves by these large holders can profoundly affect Bitcoin’s price, often resulting in abrupt and unforeseen fluctuations. 🐳 While #Bitcoin‘s 100+ $BTC whale wallets continue to hold a high level of coins (11.79M), whale activity has dropped to its lowest level of 2024. There are currently 15,907 wallets holding at least 100 coins. It would be a #bullish sign if this rises. https://t.co/nldtOms3aT pic.twitter.com/Lyj4Epfp9a — Santiment (@santimentfeed) May 16, 2024 Consequently, a diminished presence of whales might lead to much market stability and predictability in the near term. However, this stability might contradict the typical trading behavior associated with crypto, where volatility often presents trading opportunities. Moreover, if these whales hold onto their Bitcoin rather than sell, this behavior could be interpreted as a long-term bullish signal. It suggests that these influential market players see the potential for future price increases and are choosing to hold their positions. This perspective is reinforced by the current trading price of Bitcoin, which is above $66,000, marking a nearly 5% increase over the past week. Indicator Shows Further Surge Ahead Adding to the analysis, Willy Woo, a prominent crypto analyst, discussed the latest trends in the BTC volume-weighted average price (VWAP) Oscillator. The VWAP is a trading benchmark that measures an asset’s average price based on price and volume over a specific period. This metric prioritizes price levels with higher trading volumes, offering a more comprehensive view of market trends. Woo’s analysis revealed that the Bitcoin VWAP Oscillator has been in negative territory for several months but has recently started to rise. The oscillator could soon reach a neutral point if this upward trend continues. Related Reading: The Hidden Forces Behind Bitcoin Price: Latest Insights From On-Chain Data This shift often signals that a bullish phase is on the horizon, based on historical patterns where the oscillator’s rise from negative to neutral has coincided with substantial price gains for Bitcoin. Still a lot of room to run before reversal or consolidation. Hate to be a trapped #Bitcoin bear right now. https://t.co/LGet9XVoQY pic.twitter.com/EgJ47mzNLG — Willy Woo (@woonomic) May 16, 2024 Featured image created with DALL·E, Chart from TradingView

  • Bitcoin ETFs show $1.3 billion inflows and bounce back from April’s slump
    by Gino Matos on 17. May 2024 at 18:53

    US Bitcoin ETFs recover from April's outflows with $1.3 billion in recent inflows, as total management exceeds $12.3 billion. The post Bitcoin ETFs show $1.3 billion inflows and bounce back from April’s slump appeared first on Crypto Briefing.

  • Aleph Zero Launches Alephoria: Exciting Airdrops, Tournaments, and Rewards Await Users
    by Crypto Daily™ on 17. May 2024 at 18:49

    Aleph Zero Launches Alephoria: Exciting Airdrops, Tournaments, and Rewards Await Users

  • Crypto personality ‘T.J. Stone’ pleads guilty to wire fraud
    by Bralon Hill on 17. May 2024 at 18:44

    Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up…

  • OpenAI Exec Who Quit Says Safety 'Took a Backseat to Shiny Products'
    by Jason Nelson on 17. May 2024 at 18:43

    Jan Leike explains his resignation from OpenAI, citing a lack of support and concerns over the company's focus on AGI over safety.

  • Senator Lummis Posts Bitcoin Laser Eyes After Passed Crypto Legislation
    by Wayne Jones on 17. May 2024 at 18:35

    Senator Lummis exclaimed, " We (Bitcoiners) are so back" after the Senate bill to scrap anti-crypto banking policy passed.

  • Oklahoma enacts landmark legislation establishing rights to self-custody crypto
    by Assad Jafri on 17. May 2024 at 18:34

    Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference. Republican Governor Kevin Stitt signed the ‘Bitcoin Rights’ bill — HB3594 — into law earlier this week. The legislation The post Oklahoma enacts landmark legislation establishing rights to self-custody crypto appeared first on CryptoSlate.

  • Solana's SOL Could Hit $200 By Month End, Hedge Fund Founder Says
    by Krisztian Sandor on 17. May 2024 at 18:34

    The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in restaking arriving to the ecosystem.

  • Protocol Village: Oobit Collaboration With TON Lets Users Spend Tether Sent Over Telegram
    by Bradley Keoun on 17. May 2024 at 18:31

    The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.

  • US Treasury strategy would tighten virtual asset regulations, increase AI use
    by Cointelegraph by Derek Andersen on 17. May 2024 at 18:26

    The Treasury’s fight against illicit finance will focus on better regulations, greater enforcement and AI.

  • Price analysis 5/17: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB
    by Cointelegraph by Rakesh Upadhyay on 17. May 2024 at 18:26

    Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?

  • CoinGecko: Solana became fastest blockchain amid meme coin craze
    by Anna Kharton on 17. May 2024 at 18:20

    Solana proved to be the fastest among major blockchains, according to a report by CoinGecko.

  • Miners Eye Middle East as Next Region for Growth
    by Lorna Blount on 17. May 2024 at 18:18

    The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations.

  • Bitcoin Is Booming, Hits Highest Price Since the Halving
    by Mathew Di Salvo on 17. May 2024 at 18:11

    The price of Bitcoin just touched its highest point since last month's halving, hitting a level not seen in more than a month.

  • Outer Edge Riyadh Wraps Up Web3 Forum Connecting Tech Enthusiasts, Creators and Creatives from All...
    by Chainwire on 17. May 2024 at 18:05

    [PRESS RELEASE – Riyadh, Saudi Arabia, May 17th, 2024] Over 700 attendees from all over the world attended the edutainment forum co-hosted by Edge of Co., Animoca Brands, The Garage, and other prominent Saudi business entities As the Kingdom of Saudi Arabia emerges as a global hub for innovation, Outer Edge, founded by the Edge

  • Outer Edge Riyadh Wraps Up Web3 Forum Connecting Tech Enthusiasts, Creators and Creatives from All...
    by Crypto Daily™ on 17. May 2024 at 18:04

    Outer Edge Riyadh Wraps Up Web3 Forum Connecting Tech Enthusiasts, Creators and Creatives from All Over the World in the Kingdom of Saudi Arabia

  • MetaLend Introduces Cross-Chain Crypto Trading on Ronin Network
    by Chainwire on 17. May 2024 at 18:04

    [PRESS RELEASE – New York, USA, May 17th, 2024] MetaLend, a crypto trading platform for Web3 gaming assets, has announced its latest update: cross-chain trading on the Ronin ecosystem. This new innovative feature gives users the ability to trade gaming assets on Ethereum, Polygon, and the Binance Smart Chain. After launching as the exclusive DeFi

  • Blockstream's Rusty Russell Wants To Revamp Bitcoin Script
    by Bitcoin Magazine on 17. May 2024 at 18:02

    The Bitcoin script restoration project aims to bring back and expand the functionality of Bitcoin's script language.

  • Chainlink Becomes Crypto Winner With 21% Rally: What’s Driving This?
    by Keshav Verma on 17. May 2024 at 18:00

    Chainlink (LINK) has enjoyed a sharp surge of more than 21% over the past 24 hours. Here’s what data suggests could be behind this rally. Chainlink Has Surprised Crypto Market With Breakout In The Past Day While most cryptocurrency sectors have seen flat or small green returns over the last 24 hours, Chainlink has shown a decoupling as it has observed some sharp bullish momentum in this window. Related Reading: Bitcoin Still Has “A Lot Of Room To Run Before Reversal,” Says Top Analyst Here is a chart that displays how LINK’s recent performance has looked like: With this sudden burst, Chainlink has touched the $16.7 mark for the first time since the crash during the first half of April. While the asset has now retraced a major part of this plunge, it still hasn’t made a full recovery. Should LINK’s bullish momentum continue, though, it may not be too long before the cryptocurrency can reclaim the $17.8 level it was trading at just before the crash. As for where Chainlink stands in the wider market, the table below shows that, based on market cap, it’s currently the 15th largest coin. LINK isn’t too far off from Polkadot (DOT) now, so it’s possible that if the price rise continues, the coin will dethrone DOT and take over the 14th spot on the list. Now, what could be the reason for Chainlink’s sudden decoupling from the rest of the market? Data from the on-chain analytics firm Santiment may perhaps provide some hints. The Total Number Of LINK Whales Is At A 6-Month High Now As pointed out by Santiment in a post on X, Chainlink investors holding 100,000 tokens or more of the asset in their balance have recently seen their address count increase. This cutoff is equivalent to around $1.67 million at the current LINK exchange rate. Investors with holdings this large are popularly referred to as whales. Whales can be influential entities in the market because they can move a large amount of volume in a short span of time. As such, their behavior may be worth monitoring. From the graph, it’s visible that Chainlink’s total number of whale addresses has hit 564 after the latest rise, which is the highest the metric has been since October of last year. This increase in the number of whales on the network may be partially behind the surge that LINK has just seen. In the same chart, the analytics firm has also attached the data for another indicator: social dominance. This metric tells us about the share of cryptocurrency-related social media discussions that LINK occupies right now. Related Reading: XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally? This indicator has shot up alongside this rally, implying the interest around the coin has spiked. Historically, such a rise in attention has been a bearish sign for the asset, so it remains to be seen if these high values will be maintained. “If social dominance calms and FOMO doesn’t take over, bullish conditions are ahead,” notes Santiment. Featured image from iStock.com, CoinMarketCap.com, Santiment.net, chart from TradingView.com

  • Solana meme coins surge up to 210% despite Pump.fun incident
    by Gino Matos on 17. May 2024 at 17:50

    Despite a security breach at Pump.fun, Solana's meme coins saw a robust surge, with DogeBoy leading at a 210% increase. The post Solana meme coins surge up to 210% despite Pump.fun incident appeared first on Crypto Briefing.

  • Proton Mail exposing activist's info showed the limits of encryption
    by Cointelegraph by Alexander Linton on 17. May 2024 at 17:49

    An April report revealed that Proton Mail assisted Spanish police with locating one of its users, leading to questions about its guarantees of privacy.

  • zkSync hints at June token airdrop
    by Naga Avan-Nomayo on 17. May 2024 at 17:49

    zkSync tweeted about plans to hand over governance to the community next month, suggesting that a token airdrop is imminent.

  • Tether mints another $1B — Last time, it helped Bitcoin climb to $73K
    by Cointelegraph by Zoltan Vardai on 17. May 2024 at 17:21

    Bitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.

  • How Lorenzo Protocol is Supercharging Bitcoin DeFi With Liquid Restaking
    by Decrypt Staff on 17. May 2024 at 17:16

    The Bitcoin liquid restaking protocol is opening the door for Asian BTC capital to meet western projects, said founder Matt Ye.

  • MetaLend Introduces Cross-Chain Crypto Trading on Ronin Network
    by Crypto Daily™ on 17. May 2024 at 17:13

    MetaLend Introduces Cross-Chain Crypto Trading on Ronin Network

  • Kraken considers dropping USDT in Europe ahead of new regulations
    by Cointelegraph by Ana Paula Pereira on 17. May 2024 at 17:11

    With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoin listings.

  • Atleta Network Launches as First Blockchain Platform Tailored for Sports Industry, Revolutionizing...
    by Crypto Daily™ on 17. May 2024 at 17:06

    Atleta Network Launches as First Blockchain Platform Tailored for Sports Industry, Revolutionizing Web 3 Integration

  • Kraken ‘actively reviewing’ USDT suspension in EU under MiCA regulation
    by Anna Kharton on 17. May 2024 at 17:01

    Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU

  • 'Roaring Kitty Is the Villain': GameStop Trader's Tweets Are Getting Sad
    by Ryan Gladwin on 17. May 2024 at 17:01

    GameStop filed to increase its total shares by 15% and the market hated it, tanking the price even further. The GME bull isn't happy.

  • Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000
    by Scott Matherson on 17. May 2024 at 17:00

    A crypto analyst has made a daring prediction for Ethereum (ETH), setting the timeline for when the world’s second-largest cryptocurrency would embark on a significant rally to new all-time highs above $10,000.  Here’s When Ethereum Will Reach $10,000 A crypto analyst identified as ‘Yoddha,’ on X (formerly Twitter) has announced the timeline for Ethereum’s ascent above $10,000. According to Yoddha, Ethereum is expected to rally massively after a period of accumulation and decline, continuously rising above $10,000 by the end of the year.  Related Reading: Why Did The Bitcoin Price Rise Above $66,000 Today? The analyst’s ambitious predictions are based on historical trends exhibited by Ethereum from 2016 to 2024. He shared a chart depicting Ethereum’s price action over these years, highlighting periods of accumulation, interim peaks and volatility.  Yoddha disclosed that from 2019 to 2021, Ethereum witnessed a period of accumulation marked by multiple price fluctuations, including long declines and short rallies. Following this, Ethereum surged significantly, reaching a peak of $4,867 towards the end of 2021. This price range aligns with the cryptocurrency’s all-time high of $4,878, achieved during the previous bull market cycle in 2021.  Based on these historical trends, Yoddha identified a similar accumulation phase in Ethereum’s price movements during this current market cycle. The analyst noted that from 2022 to early 2024, Ethereum experienced an accumulation and slightly bearish phase.  Prior to reaching a record high of $4,088 on March 12, 2024, Ethereum had experienced a bearish trend in 2022 and 2023. The cryptocurrency also faced declines on several occasions in 2024, especially around April and May.  Yoddha has indicated that Ethereum has successfully concluded this accumulation and bearish period and is on track to witness a massive rally towards $15,346, extending into the end of 2024.  Analyst Says ETH Could Start Altcoins Season In another X post, Yoddha indicated that Ethereum could start the upcoming altcoins season. The crypto analyst has consistently emphasized the impending launch of the highly anticipated altcoins season in 2024.  He revealed that altcoins will begin to gain more attraction once the hype surrounding meme coins diminishes. Additionally, Yoddha revealed that 2024 could issue the biggest altcoins season, encompassing healthy pullbacks and new all-time highs. Related Reading: End Of The Road For BNB After 200% Surge? Mounting Resistance Threatens Rally Presently, the price of Ethereum is trading at $3,024, reflecting a 1.58% decline over the past month, according to CoinMarketCap. A surge above $10,000 will require the cryptocurrency to jump by more than $7,000, fueled by a notable uptick in investor demand and interest in the cryptocurrency as well as the potential introduction of an Ethereum Spot ETF in 2024.  Crypto analyst, Ali Martinez has revealed that currently, Ethereum’s TD Sequential is presenting a “buy signal” on ETH’s daily price chart. He predicts that Ethereum could witness a rebound of one to four candlesticks from its recent price drop. Chart from Tradingview.com

  • Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains
    by Stephen Alpher on 17. May 2024 at 16:56

    The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto's big rally this week continues.

  • Crypto firms rally behind FIT21 bill approaching US House floor vote
    by Cointelegraph by Turner Wright on 17. May 2024 at 16:55

    Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.

  • Ethereum ETF Approval Coming Sooner Rather Than Later, Says Coinbase
    by Mathew Di Salvo on 17. May 2024 at 16:45

    America's biggest crypto exchange Coinbase is confident that the SEC will approve spot Ethereum ETFs very soon, despite broader pessimism.

  • Notcoin donates $6.8m NOT to Telegram’s Pavel Durov
    by Naga Avan-Nomayo on 17. May 2024 at 16:43

    Following a recent airdrop, the Notcoin project expressed gratitude to Telegram founder Pavel Durov. 

  • Bitcoin breaks through $67,000
    by James Van Straten on 17. May 2024 at 16:43

    Quick Take Bitcoin went above the $67,000 mark, nearly hitting $67,500 — its highest level since April 13. The remarkable rally has triggered a wave of liquidations within the digital asset ecosystem over the past 24 hours. Approximately $122 million worth of positions have been liquidated, comprising $39 million in long positions and $84 million The post Bitcoin breaks through $67,000 appeared first on CryptoSlate.

  • Dolce & Gabbana faces class-action lawsuit after alleged NFT delivery delay
    by Cointelegraph by Tristan Greene on 17. May 2024 at 16:36

    The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.

  • Elon Musk Says Neuralink Needs a Volunteer for 'Telepathy' Brain Implant
    by Jose Antonio Lanz on 17. May 2024 at 16:29

    Who's next? Elon Musk announced that Neuralink is accepting applications for the second test subject for its brain chip trial.

  • Introducing PCO Metaverse: Paving the Way for a New Era of Virtual Gaming and Creativity
    by Crypto Daily™ on 17. May 2024 at 16:23

    Introducing PCO Metaverse: Paving the Way for a New Era of Virtual Gaming and Creativity

  • Kraken may delist USDT in EU to comply with MiCA
    by Vivian Nguyen on 17. May 2024 at 16:21

    Kraken is reviewing its support for Tether's USDT in the EU as new MiCA regulations approach and impact stablecoin operations. The post Kraken may delist USDT in EU to comply with MiCA appeared first on Crypto Briefing.

  • Oklahoma passes bill protecting rights to self-custody crypto
    by Bralon Hill on 17. May 2024 at 16:21

    Oklahoma has passed a bill to safeguard residents' rights to self-custody digital assets, including crypto, effective Nov. 1.

  • Former Pump.fun Employee Exploits Withdrawal Authority, Causes $1.9M Loss
    by Chayanika Deka on 17. May 2024 at 16:16

    Pump.fun outlined plans to compensate affected users from the exploit.

  • Bitcoin ETFs compensate April outflows, analyst predicts long-term returns
    by Anna Kharton on 17. May 2024 at 16:14

    Spot Bitcoin ETFs offset April losses in the first two weeks of May.

  • NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update
    by Tracy Stephens on 17. May 2024 at 16:11

    All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally.

  • ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June
    by Oliver Knight on 17. May 2024 at 16:11

    Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June.

  • GameStop Meme Coin on Solana Down 69% as GME Frenzy Fades
    by Andrew Hayward on 17. May 2024 at 16:03

    Both GameStop shares and the unofficial GME meme coin on Solana have seen similar plunges from their high prices this week.

  • Token Terminal and Messari Release Research Reports on TRON Network For Q1 of 2024
    by News Desk on 17. May 2024 at 16:00

    Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector. Token Terminal Analysis Token Terminal’s comprehensive report offers crucial insights into key data points The post Token Terminal and Messari Release Research Reports on TRON Network For Q1 of 2024 appeared first on CryptoSlate.

  • 5 Secret Meme Coin Jewels You Need To Know About After VanEck's Game-Changing Meme Coin Index Launch
    by Crypto Daily on 17. May 2024 at 15:51

    Meme coins have never made such a splash as they have now. This is especially true following the recent launch of VanEck's Meme Coin Index, which will track many meme coins. Today, we will discuss the 5 top meme coins you should keep an eye on: KangaMoon (KANG), Dogwifhat (WIF), Floki (FLOKI), Book of Meme (BOME) and Bonk (BONK).

  • Why Rollblock (RBLK), Dogecoin (DOGE), and Pepe (PEPE) Are Trending Now
    by Crypto Daily on 17. May 2024 at 15:48

    In the fast-paced cryptocurrency market, three top altcoins have been making waves: Rollblock (RBLK), Dogecoin (DOGE), and Pepe (PEPE). RBLK has been trending for unveiling a hybrid GambleFi protocol, while the return of the GameStop trader has caused a spike in the meme coin market, with PEPE and DOGE being the two biggest beneficiaries.

  • Chainlink becomes top gainer, surging 20% following DTCC partnership announcement
    by Anna Kharton on 17. May 2024 at 15:40

    After announcing a new initiative, the Chainlink token has become a growth leader in the crypto market.

  • Why Bitcoin ($BTC) Investors Are Buying PawFury ($PAW)
    by Jana Serfontein on 17. May 2024 at 15:38

    As the crypto landscape evolves, even Bitcoin investors seek alternative opportunities. Among the thousands of altcoins on the market, PawFury is capturing significant attention.

  • Nigerian court denies bail to Binance executive, intensifying crypto industry tensions
    by Oluwapelumi Adejumo on 17. May 2024 at 15:37

    A Nigerian High Court has denied bail to Binance executive Tigran Gambaryan, citing concerns that he might flee the country. Gambaryan, who turned 40 today, has been held by the Nigerian government since February. Speaking on his detainment, Noah Perlman, Binance’s chief compliance officer, said: “On this very unhappy birthday, a reminder that Tigran Gambaryan The post Nigerian court denies bail to Binance executive, intensifying crypto industry tensions appeared first on CryptoSlate.

  • Best Meme Coin To Buy Right Now: Raboo Set to Eclipse PEPE, WIF in 2024 Meme Market, Say Analysts
    by Crypto Daily on 17. May 2024 at 15:36

    Pepe (PEPE)'s recent meteoric rally has sparked a frenzy in the meme market. The frog-themed meme coin registered a remarkable 100% increase in the last 30 days. Dogwifhat (WIF) is also on the rise after breaking its previous resistance level.

  • Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients
    by Helene Braun on 17. May 2024 at 15:26

    Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed.

  • Founder Institute Partners with Polkadot To Empower Web3 Startup Founders
    by Amara Khatri on 17. May 2024 at 15:06

    The Founder Institute has forged a strategic alliance with Polkadot, heralding the commencement of the inaugural Web3 cohort within its Core Program.

  • Bitcoin preps ‘golden cross,’ which last sparked 170% BTC price gains
    by Cointelegraph by William Suberg on 17. May 2024 at 15:06

    Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?

  • BTC Records Best Week Since March Amid US CPI Announcement and Big Names Buying Bitcoin ETFs: This...
    by Jordan Lyanchev on 17. May 2024 at 15:05

    BTC's price skyrocketed to over $66,000, big news from Shiba Inu's ecosystem, and more.

  • Binance executive denied bail in Nigerian money laundering case
    by Bralon Hill on 17. May 2024 at 14:57

    A Federal High Court in Abuja has denied bail to Tigran Gambaryan, a Binance executive, who faces charges of money laundering and tax violations in Nigeria. Justice Emeka Nwite ruled against granting Gambaryan bail on Friday, citing the executive’s potential…

Shopping Cart