The post Pepe Price Loses Crucial Support As Whale Transaction Declines To $48 Million: Is Pepe Heading Toward A Crash? appeared first on Coinpedia Fintech News
This week, the price of Pepe has not shown significant swings, consistently falling below key support levels. While the Bitcoin price has difficulty attracting buyers, the meme coin market is experiencing an increase in liquidations. Furthermore, interest from large-scale investors in the Pepe meme coin has decreased recently, potentially leading to a sharp drop in …
X CTO and chairman Elon Musk claimed the European Commission (EC) allegedly offered the social media platform an “illegal secret deal” to censor speech if it wanted to avoid being fined in the EU. Musk made the claims on social media on July 12 in response to the EC publishing the preliminary findings of an […]
The post Elon Musk claims European Commission offered X ‘secret illegal deal’ amid DSA probe appeared first on CryptoSlate.
Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end or early 2025. He claimed that the reduction in consumers’ spending is already hinting at this recession as households have no savings to spend and banks are tightening their lending standards. Related Reading: Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow? Berezin also alluded to the rising unemployment rate, which he noted shows that the labor market is weakening and hints at an imminent recession. The market strategist warned that the Federal Reserve’s tightening monetary policy will make matters worse as the Central Bank continues to “drag its feet” in cutting interest rates. A potential decline in the stock market could negatively impact the crypto market, given Bitcoin’s strong positive correlation with the S&P 500 at times. Whenever this happens, Bitcoin’s price, and by extension, the broader crypto market, is known to move in the same direction as the stock market. Furthermore, based on Berezin’s analysis, a recession could have the same impact on the crypto market since consumers will have less to invest in Bitcoin and altcoins, which could cause trading volumes to dry up and lead to price declines for these crypto tokens. The crypto market has also shown that it is not immune to macroeconomic factors, considering how it has reacted to the Fed’s decision not to reduce interest rates just yet. Some Positive For Bitcoin And The Crypto Market The US June Consumer Price Index (CPI) inflation data was released on July 11. It provided a positive for Bitcoin and the crypto market, showing that the inflation rate dropped by 0.1% from May and put the annual rate at 3%, the lowest over three years. This development has further strengthened the call for the Fed to cut interest rates, as inflation is cooling off in the country. Related Reading: Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First A cut in interest rates would boost investors’ confidence in investing more capital in risk assets like Bitcoin and other cryptocurrencies. Meanwhile, there is the belief that the Fed could cut interest rates by September if the monthly inflation data continues to show that inflation is slowing in the country. At the time of writing, Bitcoin is trading at around $57,000, down almost 2% in te last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The post MakerDAO to Invest $1 Billion in Tokenized U.S. Treasuries appeared first on Coinpedia Fintech News
MakerDao made a big announcement during ETHCC. MakerDAO is the protocol behind this $5 billion stablecoin DAI, which has announced a major shift in its reserve strategy. The platform plans to invest $1 billion of its reserves in tokenized US Treasury products. This move aims to take advantage of the US Treasuries stability and combine …
GME is up as GameStop expands its collectibles push, rising again after recent losses spurred by the absence of bull trader Roaring Kitty.
Centralized exchanges are becoming the new ground zero for hackers, as shown by a 900% increase in losses year-over-year.
According to a study released by CoinWire, the global cryptocurrency trading volume will see a notable increase, boosting it to over $108 trillion before the end of 2024. This figure is almost 90% higher than the trading volumes seen in 2022, signaling that a major potential increase in crypto transactions worldwide is on the horizon. […]
Senator Cynthia Lummis (R-WY) has asserted that incorporating Bitcoin into the US financial system can strengthen the US dollar and help it maintain its global dominance. She made the statement during a Fox Business interview on July 12, where she outlined her vision for a financially sovereign America and advocated for Bitcoin as a reserve […]
The post Senator Lummis says ‘Bitcoin in reserve’ can help dollar ‘remain strong’ appeared first on CryptoSlate.
XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox- and German government-led sell-off in the BTC market may spark renewed interest in the altcoin.
The German government's BTC sell-off may alleviate market pressure, potentially enabling Bitcoin to regain upward momentum and key price levels.
The post German govt runs out of BTC as Bitcoin eyes daily close above $58,000 appeared first on Crypto Briefing.
The XRP price has outperformed its peers among the top ten largest cryptocurrencies on the market, experiencing a significant surge of 13.5% in the past week alone after experiencing a sustained decline from its yearly high of $0.745 in March. With an eye on a key Fibonacci level, the eighth largest cryptocurrency by market capitalization, currently valued at $26 billion, is poised for a potential price explosion that could send the XRP price to new yearly highs, coupled with a bullish announcement surrounding the token’s rise since Thursday. XRP Becomes Bridge Asset In $1.2 Trillion Market CoinGecko data shows a notable increase of 50% in trading volume over the past few days, demonstrating the renewed bullish sentiment surrounding the XRP price, along with a significant collaboration announcement with the world’s largest derivatives marketplace, CME Group, which has further strengthened XRP’s position in the market. Related Reading: Litecoin Is A Hub Of Whales: Over $2.85 Billion Of $100,000 Transactions Processed On Thursday, CME Group made a major announcement, revealing that starting July 29, the CME and XRP dollar reference rates and real-time indices will be included in its suite of benchmarks, positioning the token as a bridge asset in a market worth approximately $1.2 trillion. The XRP price has benefited from this announcement, as transparent pricing information is likely to increase liquidity, making it easier for investors to buy and sell XRP tokens, resulting in the current price surge of 4% witnessed in the 24-hour time frame. Additionally, this collaboration may open new doors for creating financial products, such as futures and options based on XRP, providing holders with additional ways to manage risks and maximize their investments. Brad Garlinghouse, CEO of blockchain payments company Ripple, which is closely associated with XRP, expressed his enthusiasm for the collaboration, emphasizing the importance of having a trusted benchmark reference rate as a critical step in adopting institutional crypto products. Garlinghouse praised the joint effort between CME Group and CFBenchmarks to create an XRP index, noting that the market has validated the need for such initiatives. Ripple’s CEO stated: First step towards institutional crypto products is to have a trusted benchmark reference rate. Nice to see CME Group and CF Benchmarks collaborate on this for an XRP index. The market has spoken. XRP Price Eyes $1.8 In addition to the news, technical analysis points to further upside for the XRP price if certain conditions are met. Crypto analyst Dark Defender recently noted in a social media post that XRP is testing the $0.462 Fibonacci level, which is key to the token’s prospects and expectations for the continuation of the uptrend. The analyst also spotted two bullish divergences in the price and the Relative Strength Index (RSI) numbers as they made higher lows on the weekly XRP/USD chart. This led Dark Defender to believe that if the XRP price breaks and consolidates above this level from today until Sunday, the cryptocurrency could begin a journey towards the $1.88 level, representing a 288% price increase from the current trading level of $0.465. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH Featured image from DALL-E, chart from TradingView.com
The third quarter of 2024 opened on a “sour note” thanks to Bitcoin selloffs from Germany and Mt. Gox, Coinbase Research says.
VC funding in crypto startups shows a declining trend, potentially signaling cautious investor sentiment and shifting focus within the sector.
The post VC funds pump $481 million into crypto startups in June appeared first on Crypto Briefing.
The AI boom is overloading data centers and straining traditional energy resources. Can decentralization, in the form of DePIN, offer a solution? Mitch Liu, CEO and Co-Founder of Theta Network, makes the case.
Retail and institutional traders have been buying Bitcoin on the dips, and the early-stage recovery in select altcoins suggests that the crypto market is in a bottoming stage.
Bitcoin, Solana, Ethereum, and even Cardano are slowing down following sharp price contractions in the past few days. The price drop means enthusiasm is punctured, negatively impacting on-chain activity. Runes Taking Over Bitcoin However, as the crypto market recovers from the sting of last week, it is emerging that the Runes Protocol is taking over […]
Prosecutors and Roman Storm's attorneys met in court Friday to argue over motions to dismiss the charges against the developer and address evidentiary questions.
This is the second crypto investigation the US securities regulator dropped this week.
A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal.
The real threat of a CBDC lies in quantum computing vulnerabilities. Developing a quantum-resistant design should be a priority for the United States.
The SEC's decision not to pursue enforcement against Stacks highlights the ongoing regulatory uncertainty and the need for clearer crypto guidelines.
The post SEC ends three-year investigation into Bitcoin L2 Stacks and its developer with no enforcement action appeared first on Crypto Briefing.
At the heart of the findings are the “blue check” verification systems and X’s alleged obfuscation of data.
Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 11-17.
The SEC has closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action, according to a July 12 blog post from the team. The investigation, which began more than three years ago, has been a significant chapter in the history of the Bitcoin Layer-2 network. STX was up 5.51% and […]
The post SEC ends years-long probe into Stacks without recommending further enforcement appeared first on CryptoSlate.
The SEC has closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action, according to a July 12 blog post from the team. The investigation, which began more than three years ago, has been a significant chapter in the history of the Bitcoin Layer-2 network. STX was up 5.51% and trading […]
The post SEC ends years-long probe into Slacks without recommending further enforcement appeared first on CryptoSlate.
The Crypto Fear & Greed Index measures how investors feel toward the market at any given time, ranking their willingness to put money into the market. Over the last year, this index has stayed reasonably high, completely avoiding Extreme Fear territory. However, this impressive streak came to an end after the Crypto Fear & Greed […]
The post SEC vs. Crypto – Two consecutive Victories for Crypto Ecosystem appeared first on Coinpedia Fintech News
Everyone knows about the SEC vs. Crypto game. It has been years since the SEC decided to go after various crypto organization and their tokens. One such case, almost forgotten by the community is SEC vs Blockstack, a blockchain software developer company.The U.S. Securities and Exchange Commission (SEC) has given the crypto industry another reason …
Bitcoin’s price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC.
MakerDAO's competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.