The plaintiff in the class action lawsuit “plausibly alleged that DraftKings’ NFTs satisfy three prongs of the Howey test," wrote the judge.
The exaggerated fears of a Mt. Gox Bitcoin sell-off highlight the market's sensitivity to perceived threats, despite minimal actual impact.
The post Mt. Gox Bitcoin sell-off fears are exaggerated: CoinShares study appeared first on Crypto Briefing.
The post Top Memecoins Tokens To Stack In This Crypto Market Correction! appeared first on Coinpedia Fintech News
The cryptocurrency market has displayed a negative price action for the second consecutive day, indicating a rising bearish sentiment in the crypto space. Moreover, top tokens have leveled all their gains from the recent pump, highlighting a mixed sentiment. Following this, memecoins have displayed a similar trend by recording a significant correction in their respective …
Bitcoin has been in a downtrend since the beginning of June, struggling to gain upward momentum despite positive ETF inflows.
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
Quick Take According to crypto prediction platform Polymarket, users are betting on a 55% chance that President Biden will withdraw from the presidential race. This significant increase in odds is notable considering that before the first presidential debate on June 27, the market priced in just a 19% chance of Biden dropping out. The day […]
The post Odds of Biden dropping out of presidential race surge as high 63% on Polymarket appeared first on CryptoSlate.
The act of goodwill has gone viral on social media, restoring Nigerians’ trust in the crypto community.
The winds of volatility swept through the crypto market in June, sending the price of Bitcoin tumbling by $10,000. News of a massive Mt. Gox repayment, miner sell-offs, and government-related liquidations all contributed to the price dip. Related Reading: Bitcoin ATMs On The Rise: Crypto Goes Mainstream With Over 38,000 Machines Worldwide Yet, amidst the […]
The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.
In a recent SlateCast episode, Mark Yusko, CEO and co-founder of Morgan Creek Capital Management, joined host Liam “Akiba” Wright and CryptoSlate Senior Analyst James Van Straten to discuss Bitcoin’s future, market manipulation, and the evolution of money. Yusko shared insights on Bitcoin’s value proposition, the impact of ETFs, and the broader implications of crypto […]
The post Mark Yusko discusses Metaplanet Bitcoin buys, Bitcoin’s future, and market manipulation appeared first on CryptoSlate.
The U.K. is set to hold its first election in five years on Thursday and crypto is not a campaign-trail issue.
All user funds are safe following the network halt, according to Bittensor’s team.
Quick Take On July 2, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first outflow of July, as reported by Farside. The day saw a $13.7 million outflow, breaking a five-day trading streak of consecutive inflows. Leading the day’s activity was Grayscale’s GBTC, which recorded a substantial $32.4 million outflow, bringing its total net outflow to […]
The post ETF trading volumes on decline, failing to hit $3 billion since mid-May appeared first on CryptoSlate.
The downturn in political finance tokens highlights the volatility and speculative nature of the PoliFi sector amid election uncertainties.
The post BODEN meme coin drops 95% as broader PoliFi sector turns sour appeared first on Crypto Briefing.
The acquisition will provide a boost to BitOasis' plans to expand its presence across the region.
Onchain Highlights DEFINITION: The percent of circulating supply that has not moved in at least three years. Bitcoin’s percent of supply last active over three years ago has significantly increased. The Glassnode charts reveal that from January 2024 to July 2024, this metric rose from approximately 43% to around 46.5%. This trend signifies a substantial […]
The post Bitcoin’s dormant supply rises 3%, echoing past bull run patterns appeared first on CryptoSlate.
The post Fidelity & Signum Partner With Chainlink For Tokenized Asset Data appeared first on Coinpedia Fintech News
Fidelity and Signum announce a new partnership with Chainlink to transform tokenized asset data by integrating Net Asset Value data on chain. The innovative move aims to enhance transparency and real-time data access in the digital space. With Chainlink’s technology, NAV data can be securely and accurately updated on-chain and across both public and private …
The post Top Three Discounted Altcoins With Massive Potential In 2024 appeared first on Coinpedia Fintech News
Most altcoins have struggled this quarter and apart from Ethereum, Solana, and some meme coins, others have been performing poorly. However, according to analyst Altcoin Buzz, within these complexities, there are often opportunities. When market sentiment for altcoins is negative, which is currently the case, many strong projects experience price declines driven by market conditions …
Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.
The post Lido Prepares for Decentralisation Amid SEC Allegations appeared first on Coinpedia Fintech News
Lido, which is a leading liquid staking provider, is preparing for a big move. It is set to integrate a diverse set of Ethereum node operators. The said decentralisation plan of Lido aims to enhance its staking protocol. Interestingly, the development comes at the time the liquid staking provider is facing serious allegations from the …
The oracle solution said it amassed $4 billion in Total Value Secured across 100 individual clients.
The post Ripple vs. SEC: XRP lawsuit Nears Conclusion, Verdict Expected in July appeared first on Coinpedia Fintech News
Well, it looks like Ripple vs. is turning up the heat! As the SEC vs. Ripple legal battle nears its conclusion, legal experts are discussing the next steps. Unless the SEC introduces any unexpected developments, experts predict the much-awaited final verdict could come in July. Are we finally going to get the verdict we have …
Ripple Labs has filed a notice of supplemental authority to bolster its stance in the enduring legal face-off with the Securities and Exchange Commission (SEC). This filing was made to the United States District Court for the Southern District of New York in response to the SEC’s motion seeking remedies and final judgment. Ripple Uses […]
Token is down 70% on-week, or 82% on-month as the world wonders if Biden will end his campaign.
Decentralized AI network Bittensor paused blockchain transactions after its users’ wallets suffered an exploit that caused the loss of $8 million worth of assets. Earlier today, blockchain investigator ZachXBT told his Telegram Channel members that a Bittensor user was drained of 32,000 TAO, worth $8 million, because of a leaked private key. He wrote: “Bittensor […]
The post Bittensor suffers $8 million exploit, TAO price tumbles to six-month low appeared first on CryptoSlate.
The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH. Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the launch of the first spot Ethereum ETF. According to Geraci, current forecasts by Bloomberg predict a mid-July launch. He detailed the procedural timeline via X, stating, “Wen spot eth ETF? BBG sticking w/ mid-July. Amended S-1s due July 8th. Potential final S-1s by July 12th. Would theoretically mean launch week of July 15th.” In parallel, Steve Kurz, head of asset management at Galaxy Digital, confirmed to Bloomberg on July 2 that the U.S. Securities and Exchange Commission (SEC) might greenlight a spot Ethereum ETF before the month’s end. Related Reading: ETH Price Dips As Ethereum ETF Approval Faces Delay Kurz emphasized the extensive groundwork laid in collaboration with the SEC, drawing parallels between the proposed Ethereum ETF and Galaxy’s existing spot Bitcoin ETF (BTCO), created with Invesco. Kurz expressed confidence in their preparedness, remarking, “We know the plumbing, we know the process… The SEC is engaged.” Bloomberg ETF analyst Eric Balchunas also chimed in, aligning with the mid-July expectations. He highlighted the SEC’s recent instructions to Ethereum ETF issuers for amending their S-1 registration forms by July 8, suggesting possible further amendments. Notably, the SEC approved rule changes under 19-b4 in May, facilitating the listing and trading of such funds, though the issuance of funds remained pending final approvals. Ethereum Price Holds Above Key Support The anticipation of these approvals appears to be having a stabilizing effect on Ethereum prices. Crypto analyst IncomeSharks, commenting on Ethereum’s current price trajectory via X, noted optimism for a near-term breakout, stating, “ETH – Looking more optimistic for a Q3 breakout. Liking the chances of a run towards $4,000 this or next month.” According to the chart shared by him, ETH price needs to hold the region of $3,300 to $3,350 in order to rally to $4,000. Supporting this sentiment, Cold Blooded Shiller highlighted the crucial need for Ethereum to demonstrate momentum at the current price levels, specifically around the $3,400 mark, as a key indicator for a potential high-time-frame impulse. Related Reading: Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer “ETH is still in a fine position but it really needs to start showing some momentum soon. LTF divergences around this $3400 low are probably where I take one stab at trying to capture any HTF impulse away from the consolidation,” he remarked via X. Adding historical perspective, analyst Jelle (@CryptoJelleNL) compared the current market phase to Ethereum’s long consolidation in 2016-2017 before its massive rally, urging persistence and optimism: “In 2016-2017, ETH consolidated for 50+ weeks before rallying nearly 12000 percent. Today, people are giving up after less than 20 weeks, with ETH ETFs right around the corner. Stick to the plan boys. The best is yet to come.” At press time, ETH traded at $3,353. Featured image created with DALL·E, chart from TradingView.com
The post Cardano Price Set To Skyrocket, Amid Strong Investor Confidence In ADA appeared first on Coinpedia Fintech News
Cardano (ADA), with a market cap of $14.8 billion, has recently surged showing signs of a potential recovery after finding strong support at $0.3800. It has surpassed key resistance levels of $0.4150, outpacing Bitcoin and Ethereum. Despite hitting a high of $0.4225, ADA is currently consolidating its gains. However, what’s catching attention isn’t just ADA’s …
The digital asset industry added more than $750 billion in value in the first half of the year, the report said.