The post Ethereum Open Interest Reaches $14B High appeared first on Coinpedia Fintech News
Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum. …
The post Ethereum Rockets as On-Chain Activity Soars Wirth ETF Approval Buzz! appeared first on Coinpedia Fintech News
Ethereum’s price has surged nearly 20% in a thrilling turn of events, hitting a remarkable $3600 overnight. The market is electrified, fueled by whispers of an imminent Ethereum ETF approval. On-chain indicators are flashing bullish signals with a staggering 89.41% increase in transfer volume, reaching 2,211,662.14 coins. Active addresses have spiked by 9.44%, totaling 499,570, …
The post Crypto VC Funding Surges to $2.4B in Market Resurgence appeared first on Coinpedia Fintech News
The crypto industry has shown an exceptional resurgence, with VC funding rising to $2.4 billion, a 40.3% increase from the last quarter, exhibiting market resilience and potential for growth. It also displays a 44.7% rise in deal volume. The deals included $106 million raised by TogetherAI, $100 million secured by Eigenlayer, and $73 million garnered …
The post K9 to Burn 410M KNINE Tokens in Tribute to Vitalik Buterin’s SHIB Burn appeared first on Coinpedia Fintech News
In a recent X post, K9 disclosed plans to burn 410M KNINE tokens to honor Vitalik Buterin’s massive SHIB burn in 2021. An impressive 81.66% of the votes supported the proposal to burn 410M KNINE, while the remainder opposed the initiative. Notably, the K9 team will send 410M KNINE tokens to a dead blockchain wallet …
The post Pump.fun Exploiter Arrested in London, Addresses Scandal in X Posts appeared first on Coinpedia Fintech News
Media reports have confirmed that the individual who exploited $1.9 million from the meme coin marketplace Pump.fun was recently arrested in London. The exploiter has been identified as Jarrett Dunn, a former Pump.fun employee. Dunn is accused of leveraging admin privileges and flash loans to siphon nearly $2 million. Using the alias StackOverflow on X, …
The post DOGE Army Enthusiastically Await X Payment Service In 2024 appeared first on Coinpedia Fintech News
DogeDesigner, an insider from the X and Dogecoin’s team has revealed on X that the X Payments service is expected to launch later in 2024. The enthusiastic dogecoin army is keenly anticipating the feature on Elon Musk’s platform. However, Elon Musk has not made any statements about the future of DOGE being the official currency …
The post Ripple Labs Reports 108% Surge in XRPL Transactions for Q1 2024 appeared first on Coinpedia Fintech News
In the latest report released by Ripple Labs Inc., total XRPL transactions increased by 108%, rising to 251 million from 121 million in Q4 2023. New applications and users drove this impressive growth. Additionally, its volume on the DEX increased by 5% from the previous quarter. Despite these developments, the number of new wallets on …
The post Coinbase Predicts Strong Second Half for Ethereum in 2024 appeared first on Coinpedia Fintech News
Although Ethereum has underperformed year-to-date, Coinbase analysis suggests ETH will perform well in the latter half of 2024. There’s a 30-40% chance of potential approval for an ETH SPOT ETF and a high possibility of a successful lawsuit if rejected. Ethereum has strengthened its long-term positioning due to its unique advantages, such as a strong …
The post Coinbase Predicts Bullish Surge for ETH Despite 2022 Underperformance appeared first on Coinpedia Fintech News
The leading CEX, Coinbase, is quite bullish on ETH’s price potential despite its underperformance in 2022. The exchange claims that ETH may surprise to the upside in the coming months and considers Ethereum to be the heart of the existing DeFi landscape, a position unlikely to change anytime soon due to the widespread adoption of …
The post Notcoin Airdrops 80 Billion Tokens as It Debuts on TON Blockchain appeared first on Coinpedia Fintech News
The viral Web3 clicker game Notcoin is now live on the TON (The Open Network) Blockchain, airdropping more than 80 billion NOT tokens as it opens for trading. Notcoin has allocated over 90% of the airdropped tokens to miners, with the remaining 7.9 billion NOT tokens redeemable from NFT vouchers. This airdrop comes ahead of …
The post SHIB Whales Make Major Move Of 3 Trillion SHIB to Robinhood appeared first on Coinpedia Fintech News
A recent tweet from Whale Alert revealed that an anonymous whale moved a staggering 3 trillion SHIB, worth $75 million, from an unknown wallet to Robinhood. SHIB whales have been highly active this week. Previously, Cumbersome transferred 144 billion SHIB meme coins to Coinbase, and before that, 50.36 billion Shiba Inu were deposited to OKX. …
The post Coinbase Targets Service For Self-Managed Pension Funds: Bloomberg appeared first on Coinpedia Fintech News
Coinbase is poised to develop a service targeting Australia’s self-managed pension sector, as reported by Bloomberg. Self-managed funds in Australia have increasingly held crypto since March 2019, with nearly A$1 billion ($664 million) allocated to crypto. This trend might be driven by the anticipated US spot ETF approvals, but MD John O’Loghlen claims it is …
The post SHIB Price Jumps 8.8% as ShibaSwap Launches on Shibarium Blockchain appeared first on Coinpedia Fintech News
SHIB’s price shot up by 8.8% over the last 24 hours as the DEX associated with Shiba Inu, ShibaSwap, went live on the Shibarium blockchain, an Ethereum layer 2 built by the SHIB token team. The developers emphasized that the increased use of the Shibarium blockchain for transactions will result in a faster burn rate …
The post Ripple Whales Accumulate 60 Million XRP appeared first on Coinpedia Fintech News
In May, Ripple whales, holding between 1 million and 10 million XRP accumulated 60 million tokens. This accumulation comes as XRP holders navigate the ongoing developments in the SEC vs. Ripple lawsuit. Notably, XRP has sustained a price of over $0.51 and is poised to test the $0.60 resistance level. Whale accumulation is typically a …
The post Budding Web3 Gaiming Company Raised $3.5 Million In A Round Led By Animoca Brands! appeared first on Coinpedia Fintech News
The crypto trading card game “Cross The Ages” recently raised $3.5 Million in a round led by Animoca Brands as its token gets listed on exchanges like KuCoin and Bybit. Previously, the project has raised $20 Million with $5 Million worth of inflow from its community. Moreover, the game backers include gaming giants such as …
The post Floki Inu Goes Live on Revolut Business, Expanding Reach in Europe appeared first on Coinpedia Fintech News
The Floki Inu team took to X to announce that FLOKI is now live on Revolut Business. The Revolut Business listing is set to make Floki Inu accessible to millions of European businesses. It will accelerate FLOKI’s vision of becoming the world’s most well-known and most used cryptocurrency. Revolut is the biggest neobank and retail …
The post Crypto Market Continues To Stumble As Bitcoin (BTC) Price Fails To Hold The $62K Mark! appeared first on Coinpedia Fintech News
Despite increased price volatility in the market, the BTC price repeatedly fails to hold its price above the $62K mark, highlighting a significant bearish influence in the crypto space. The price of Bitcoin has recorded a correction of $1,577.36 (-2.51%) within the past day. Currently, the star token is trading with a price tag of …
The post Solana DEX Cypher Developer Admits to Stealing and Gambling Funds appeared first on Coinpedia Fintech News
Cypher, a decentralized exchange on the Solana blockchain, faced a security breach in August 2023, resulting in a nearly $1 million loss. Developer Hoak confessed on May 14, 2024, to stealing approximately $315,000 from Cypher’s funds and gambling them away. In his public statement on X, Hoak admitted to similar misconduct several times. This revelation …
The post Lido Co-Founders and Paradigm Secretly Support New EigenLayer Rival Amid DeFi Tensions appeared first on Coinpedia Fintech News
Lido co-founders and the venture firm Paradigm are secretly funding Symbiotic, a new competitor to EigenLayer in the burgeoning “restaking” arena. Symbiotic, supported by Konstantin Lomashuk of Lido, Vasiliy Shapovalov, and Paradigm, currently aims to leverage Lido’s staked ether (stETH) for restaking. Additionally, studies reveal Symbiotic’s strategy to create a permissionless protocol for decentralized networks. …
The post GameStop Crypto Soars Over 350% in 24 Hours, Boosting Stock Price appeared first on Coinpedia Fintech News
GameStop Crypto, a Solana-based meme coin, witnessed a price rally of over 350% in the past 24 hours, which also sparked a rally in GameStop stock’s price. According to official statements by HTX and Bitget, the GMD token is set to be listed on these platforms, with the listing process on HTX already underway. Blockchain …
The post Render Token To Experience Massive Price Action Next Week As Nvidia Is Set To Reveal Its Q1 Earnings! appeared first on Coinpedia Fintech News
The tech giant Nvidia Corp (NVDA) has played an important role in the AI evolution over the recent time. Moreover, it has also rewarded its investors with a surge of 87.87% this year alone. Further, with only 9 days remaining in the release of Nvidia’s Q1 earnings, crypto investors are paying close attention to the …
The post BITFINEX Parent Company (iFinex) Collaborates With El Salvador To Develop Crypto Regulations! appeared first on Coinpedia Fintech News
iFinex, the parent company of BitFinex has announced a collaboration with El Salvador’s Government to develop cryptocurrency regulations. Additionally, Bitfinix securities will launch El Salvador’s first digital asset securitization project and involves raising $6.25 Million to construct a 5-story hotel near the international airport.
The post Charles Hoskinson Claims Trump To Be Better Than Biden appeared first on Coinpedia Fintech News
Cardano’s Charles Hoskinson has recently remarked on the potential impact of the November 2024 presidential elections on the crypto industry. His comment comes in response to a report by Blockworks which read that only a fool would cast their votes solely on crypto-related issues. He has alerted that not supporting pro-crypto candidates can lead to …
The post Mark Cuban Calls for SEC to Follow Japan’s Crypto Regulations appeared first on Coinpedia Fintech News
Billionaire Mark Cuban urges the US Securities and Exchange Commission (SEC) to emulate Japan’s crypto regulatory framework. He highlights the proactive measures of Japan post-Mt. Gox collapse and Coincheck hack, contrasting it with the perceived hostility of the SEC towards crypto. Cuban criticizes the SEC’s broad approach, hindering legitimate projects. In addition, Japan’s regulatory clarity, …
The post Bitcoin Whales Move $61M in BTC After Decade of Dormancy appeared first on Coinpedia Fintech News
Two dormant Bitcoin wallets, containing a total of 1,000 BTC acquired over a decade ago when BTC was $134 each, have recently become active. A wallet called “16vRq…qjzEa” moved 500 bitcoins on May 12, followed by “DUJuH…NgfC5″ with another 500BTC, now worth $61 million in total. These wallets received their BTC in 2013 and have …
The post Smart Money Player Invests In PEPE, FTM And MKR; Price Recovery Expected appeared first on Coinpedia Fintech News
A Smart Money player has shifted his focus toward the PEPE coin and other major cryptos, a strategic move that might signal potential price recovery. Insights from lookonchain reveal a notable allocation to Pepe coin along with Fantom and Maker which might be a calculated bet on the potential rise of the selected cryptos. On …
The post Is Ripple CTO Satoshi Nakamoto? Revealed appeared first on Coinpedia Fintech News
In a video shared on X from the XRP Las Vegas 2024 conference, featuring David Schwartz, was once again asked if he is the one behind the anonymous Bitcoin creator, Satoshi Nakamoto. The Ripple CTO, however, denied this stating that even though he had the skillset to create, he only discovered Bitcoin in 2011, which …
The post 75% of Ethereum’s Addresses Make Money While Only 13% Are Active appeared first on Coinpedia Fintech News
A substantial 75.82% of Ethereum addresses are “In the Money,” showing profits at the current price, with 88 million addresses benefiting. Conversely, 19.89% or 23.08 million addresses are “Out of the Money,” indicating losses if assets were sold now. However, active address analysis reveals that only 13.14% are profitable, 21.87% face losses, and a large …
The post Charles Hoskinson Criticizes Biden’s Crypto Policy, Urges ‘Vote Crypto’ appeared first on Coinpedia Fintech News
Cardano’s Charles Hoskinson criticizes Biden’s stance on crypto. He has called the idea of regulating crypto under the Securities Act of 1933 “an absurd statement” and has warned that due to the stringent crypto regulations, the US might lose all its cryptography experts and its rivals could weaponize them against the US. He also emphasized …
The post Elon Musk’s New Announcement On Tesla Sparks Excitement appeared first on Coinpedia Fintech News
Elon Musk’s announcement has created a buzz and excitement with his new announcement. He has created a new Tesla community on X, ‘Supercharger Community’ which has 10 members so far along with Musk, and any new candidate would require approval before they join the community. It is most likely created for Tesla users to hold …