A crypto trader and analyst is expressing an overall bullish outlook on Dogecoin (DOGE) as the memecoin consolidates. Pseudonymous analyst Altcoin Sherpa tells his 11,300 YouTube subscribers that DOGE could eventually break out and soar to as high as $0.50. However, the analyst warns that DOGE has a relatively large market cap that could limit […]

The decentralized finance (DeFi) sector is witnessing a resurgence, marked by growth in key metrics such as active loans and total value locked (TVL) from their 2023 lows. DeFi lending, an important component that enables investors to lend their crypto holdings in exchange for interest, is an indicator of DeFi participation and overall market health. […]

Cardano (ADA) is currently competing with Ethereum in terms of large transaction volume. This is undoubtedly a positive development for the ADA ecosystem, especially since it indicates a wave of accumulation among the token’s large holders.  Cardano Matches Ethereum In Large Transaction Volume Data from the market intelligence platform IntoTheBlock shows that Cardano is witnessing […]

TL;DR Active Loans Surge: DeFi is making a comeback, with active loans reaching approximately $13.3 billion—the highest since early 2022. This metric reflects market health and suggests increased leverage, a potential sign of a bull market. Total Value Locked (TVL) Rebounds: After an 80% decline in 2023, DeFi’s TVL has rebounded impressively to around $96.5 […]

Polkadot has reached a crucial trading level again after posting a huge loss in the past two weeks. It has reclaimed key support and is now on the verge of breaking lower. The 2023 bottom is the next low to watch. The last two weeks have seen Dot’s price through another leg down in continuation […]

Ether ETFs posted a net inflow of $26.7 million on Aug. 1, with inflows into BlackRock’s fund outpacing outflows from Grayscale’s Ethereum Trust.

Bitcoin and Ethereum experienced a weak day of trading on Wednesday, with Bitcoin barely hanging onto positive flows while Ether bled US $77m. Bitcoin holdings were up a meagre US $299k, with BlackRock’s IBIT leading the way. Over on the Ethereum side, Grayscale’s converted Ether ETF experienced a massive US $133m in outflows. However, all […]

The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asset landscape. Christina Rolle, Executive Director of the Securities Commission, emphasized […]

Bitcoiner Samson Mow shares his take on US government’s possible plans to create BTC reserves

Russian lawmakers have reportedly passed a bill that will enable the nation to use cryptocurrency in international trade. Reuters reports that the law is expected to take effect in September. Russian Central Bank Governor Elvira Nabiullina says the first crypto transactions will likely happen within the year. The law will only allow businesses to use […]

While Bitcoin tested the upper region of our support zone, we believe that the low is likely in. Check out our thoughts on BTC-USD.

[PRESS RELEASE – Melbourne, Australia, August 1st, 2024] Get Good and Get Rewarded in Fortnite, CS2 and Overwatch Perion Labs introduces the all-new XP.GG, a gaming platform that lets gamers get rewarded by getting good at their favourite games. XP.GG features a Universal Battle Pass integrated across all XP.GG games. XP.GG will launch August 1 with Fortnite. Counter-Strike 2 and Overwatch competitions will […]

An analyst has warned that support levels weaken the more they are retested and Bitcoin is now doing a third consecutive retest of a major such level. Bitcoin Is Again Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new post on X, BTC’s latest drawdown has led to […]

Pump.fun crypto memecoins that make it onto Raydium have fallen since February and have remained “stagnant” at around 1.41% for months.

One widely followed crypto analyst says the native token of the XRP Ledger (XRPL) is on the verge of a rally. Crypto trader Ali Martinez tells his 68,700 followers on the social media platform X that XRP just needs to break through $0.90. “XRP has been consolidating within a symmetrical triangle for six years! A […]

TL;DR In July, the cryptocurrency ecosystem suffered losses of nearly $266 million due to 16 hacks, with the WazirX exchange being the most affected. Bharat Web3 Association is beefing up its cybersecurity following the WazirX hack, while Wisconsin has launched a cryptocurrency scam tracker. Despite the bans, China continues to face problems with crypto scams, […]

This week has been a tumultuous period across the crypto space as most altcoins continued to turn weak. Matic decreased by 3% since yesterday and is now looking weak daily, gathering momentum for a breakdown. Last month’s trading saw Matic through a small bounce (at $0.42) after reinitiating drops in the preceding month. That bounce […]

Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner, the opposition forces contested the election. This is due to the lack of a complete breakdown […]

Extreme skepticism of Ethereum (ETH) critics made seasoned researcher double his bet on Ether

Company Name: Theya Founders: Sriram Bhargav Karnati, Smeet Bhatt and Vikas Choudhary Date Founded: December 2022 Location of Headquarters: San Francisco, CA Amount of Bitcoin Held in Treasury: “It’s significant.” Number of Employees: 7 Website: https://www.theya.us/ Public or Private? Private Sriram Bhargav Karnati believes that top-notch security and usability are not mutually exclusive when it […]

A bill introduced yesterday by Republican Senator Cynthia Lummis aims to establish a US government-owned strategic reserve of one million Bitcoin, around 5% of the total supply. Lummis says establishing a strategic Bitcoin reserve will ensure the US dollar maintains its position as the global reserve currency and will strengthen the US economy. Neither of […]

Major cryptocurrencies are down, with SOL and XRP experiencing significant losses, yet investor sentiment remains neutral. Beam, the crypto of the gaming network Beam, has outperformed, gaining over 13% in a week amid strong gaming crypto narratives. Kaspa defies market trends, achieving new all-time highs and drawing excitement for its rapid block rates and swift […]

PODGORICA, Montenegro (AP) — A Montenegrin appeals court on Thursday upheld a ruling by a lower court to hand over a South Korean mogul known as …

Bitcoin has been on a rollercoaster ride ever since it reached its all-time high (ATH) of $73,737 back in March. However, regardless of that, several analysts and traders in the crypto community remain persistent in their bullish outlook for the asset. An example is Willy Woo, a well-known figure in the crypto sector. Earlier today, […]

The “makenowmeme” account on X purportedly provided a way for X users to create memecoins on Solana with a simple post.

The chief investment officer (CIO) of Bitwise Asset Management Matt Hougan is saying that there’s “big money” coming into the crypto space. In a new interview on the Wolf of All Streets channel, Hougan says that spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are likely to register massive inflows over the coming months. […]

A Singapore-based crypto exchange is launching a new platform to support up-and-coming digital asset projects. In a new press release, BingX says it’s launching BingX Labs, a new crypto project incubator that aims to help up-and-coming crypto projects with high potential efficiently distribute their tokens. According to the press release, BingX is interested in projects […]

Friday, August 2, will see around 37,000 Bitcoin options contracts expire with a notional value of around $2.4 billion. The options expiry event is smaller than last week’s end-of-the-month event but a little larger than the average expiry. Bitcoin Options Expiry Today’s tranche of expiring BTC derivatives has a put/call ratio of 0.58, which means there […]

Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted within five to seven years. […]

MicroStrategy’s Bitcoin holdings are on the rise

MicroStrategy Incorporated (Nasdaq: MSTR) reported its financial results for Q2 2024, revealing an increase in its Bitcoin holdings. The company acquired 12,222 bitcoins since the beginning of the quarter, at an average price of $65,882 per bitcoin, bringing its total holdings to 226,500 BTC, purchased for $8.3 billion at an average cost of $36,821 per […]

TL;DR The price of Kujira token (KUJI) has dropped by 42.68% in 24 hours, standing at $0.5451. The Kujira Foundation is facing a liquidation crisis with $5 million outstanding debt. The team insists that the situation is not comparable to the collapse of Terra, despite speculation. Kujira, a project based on the Cosmos blockchain, is […]