The U.S. Securities and Exchange Commission sued Ethereum software provider Consensys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that "engaged in the offer and sale of securities" and that its staking service violated federal securities laws.
VanEck and 21Shares' applications seem doomed under the Biden administration. But they include a deadline that lapses when Trump would be in office, if he wins the presidency in November.
The post Why Ethereum Could Lead the Next Altcoin Rally? appeared first on Coinpedia Fintech News
The cryptocurrency market has turned bearish in the midterm as Bitcoin’s (BTC) price slipped below $61k over the week. The notable cash outflows from the US-based spot Bitcoin exchange-traded funds (ETFs) in the past five days have weighed heavily on the bullish sentiments. On Friday, Bitcoin ETFs recorded their third consecutive day of inflows, with …
Curve Finance has implemented a fee switch for its crvUSD stablecoin to enhance adoption and ecosystem engagement, according to a statement released on June 28. Launched in 2023 by the DeFi protocol, crvUSD has faced adoption challenges. However, Curve noted that crvUSD has become an outstanding fee generator, outperforming all other Curve DEX pools by […]
The post Curve Finance unlocks new potential with crvUSD fee switch appeared first on CryptoSlate.
Solana has positioned itself as a strong contender for the next spot cryptocurrency ETF after Bitcoin Ethereum.
The post Solana could 8.9x as it becomes the next crypto ETF — GSR appeared first on Crypto Briefing.
The post Breaking : 21SHARES Files S-1 for Solana ETF appeared first on Coinpedia Fintech News
On June 28th, the ETF Issuer 21Shares filed the S-1 form with the U.S. SEC for the 21Shares Core Solana ETF. This move marks a significant step towards making Solana-based exchange-traded funds (ETFs) available to public investors. Ishares becomes the second firm to Just a day before, VanEck It took just one day for a …
21Shares files for a Solana ETF, following VanEck's lead, marking a significant development in crypto products.
The post 21shares files for Solana ETF in the US, calls a necessary step appeared first on Crypto Briefing.
Litecoin is rising, days after plunging to fresh Q2 2024 lows of around $70 in June. At the back of this resurgence is the surge in Ordinal inscriptions. Over 25 Million Ordinals Inscribed On Litecoin According to Litecoin, over 25 million ordinals have been inscribed on the proof-of-work network as of June 27. Of note, […]
The U.S. Supreme Court ruled 6-3 on Friday to drastically curb the authority of federal regulators, overturning a 40-year-old legal precedent that gave regulatory agencies leeway to interpret the laws they are tasked with enforcing.
The price of bitcoin has dipped about 15% during the second quarter.
Online bettors on blockchain-based betting platform Polymarket are predicting that US President Joe Biden will withdraw from the upcoming US elections after his spotty performance during the presidential debate against Donald Trump. Punters rate Biden’s chances of dropping out of the races at 38 cents against 63 cents. The bet has attracted over $7 million […]
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In a significant move, the United States Supreme Court has issued a ruling that limits the authority of federal agencies, including the Securities and Exchange Commission (SEC) to interpret laws deemed “ambiguous” through the rulemaking process. Given this development, the question is: is this ruling a victory for the crypto industry, and if so, how […]
BTC price performance offers little inspiration through the latest U.S. macro data, but concern is brewing among Bitcoin analysts over $60,000 support.
Bitcoin is consolidating, struggling for gains, and looking at price action in the daily chart. Even with the rejection of lower prices, the coin has yet to follow through, decisively reversing losses of June 24. Should Bitcoin Traders Brace For More Losses? In light of this, one analyst on X thinks there could be more losses in the coming days. Posting on X, the on-chain analyst highlighted a worrying trend: Even amid the Bitcoin trading community’s optimism, sellers are relentlessly stacking up more short orders. According to the Bitcoin Net Taker Oscillator indicator, the reading is -1.5%. At this level, it is at the same point observed when prices rocketed to as high as $70,000 in November 2021 before dumping sharply throughout 2022. Bitcoin is trending at a near all-time high, roughly 20% from $73,800 printed in mid-March 2024. Although the uptrend of Q1 2024 defines the current formation, prices are retesting key support levels stacked between $56,500 and $60,000. If there are deeper losses, as the analyst projects, BTC could crash, reaching $50,000. This development would automatically disqualify the short-squeeze narrative in some quarters. Related Reading: WIF Heading For Rock Bottom? $2.2 Rejection Fuels Further Decline Compounding the bearish pressure, the analyst also picked out an uptick in long liquidations, rising to 13% as of June 27. The upswing in long liquidations means that leveraged traders across leading exchanges like Binance and OKX are now exiting at a loss. The analyst added that what’s happening regarding liquidation is similar to events in the 2019-2020 correction. Then, more long traders were liquidated, and within five months, BTC crashed by 46%. If the past guides, then it is likely that the same could unfold in the coming months. However, the analyst notes that if whales buy over 500,000 BTC, prices will stabilize and shoot higher. Bearish Sentiment Building Up: Time To Buy Bitcoin? Santiment data also reinforces this bearish narrative. In recent weeks, the number of users and traders expecting BTC to edge higher has been plunging across multiple social media platforms. Of note, bearish sentiment has been building up since the Bitcoin halving event and the sideways movement of prices since April 2024. Though traders were optimistic ahead of the Halving event on April 20, the failure of prices to breach $74,000 eroded confidence. Even so, the current bearish sentiment could be a contrarian indicator, especially considering the general resilience of bulls. Prices remain above $60,000, rejecting attempts for lower lows. Related Reading: Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst Often, declining trader and investor confidence accompany bottoms, a situation seen as of late June. Aggressive traders might view this as a loading opportunity, believing BTC is undervalued at spot rates. Feature image from DALLE, chart from TradingView
France, Austria, Germany and other countries are expected to have elections soon, following this month's European Parliament contest.
The post How To Make 1 Million Dollars With Crypto in One Year? – Most Promising Altcoins Today appeared first on Coinpedia Fintech News
The much-anticipated bull run and altcoin season are on the horizon. Market conditions are calm, but ready to burst with activity at any moment. This unique phase sees altcoins at their lowest before a potential surge. This could be a prime opportunity for striking rich in the crypto space. With some promising altcoins set to …
The Bitcoin community came to Julian Assange’s aid, helping ensure the WikiLeaks founders’ safe and debt-free return to Australia.
The creative world wrestled with the question of emerging technology at Partouche Club’s Joker Odyssey event series.
Quick Take This past week, there has been significant activity involving governments selling and moving Bitcoin, notably the German government selling and the US government moving some of its Bitcoin to an exchange. Observations reveal that the US government tends to sell Bitcoin during local market lows. Similarly, the German government’s recent sale of Bitcoin […]
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In a groundbreaking development for the cryptocurrency market, global asset management company, VanEck has filed for a Spot Solana Exchange Traded Fund (ETFS). Matthew Sigel, VanEck’s head of research has outlined several compelling reasons driving the firm’s decision to file for a Spot Solana ETF. VanEck Provides Reasons For Filing A Spot Solana ETF In […]
Explore various types of social engineering attacks and find out how these manipulative strategies exploit trust and vulnerabilities, leaving victims vulnerable to financial loss.
Curve Finance shifts from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and ecosystem integration.
Crypto analyst Ali Martinez has warned the crypto community not to get too excited about the recent market recovery trigger by Spot Solana ETFs filing. Bitcoin (BTC) and the broader crypto market witnessed a relief bounce following recent bullish developments, but the analyst highlighted what could send the market into a downtrend again. Why The Crypto Community Should Not Get “Too Excited” After Solana ETFs Rally Martinez mentioned in an X (formerly Twitter) post that the crypto community should not get too excited because $22 million will be liquidated from the crypto market if Bitcoin drops to $60,700. A significant amount in liquidations could lead to further decline in the crypto market, especially with other traders and investors looking to close their positions for fear of being liquidated. Related Reading: Why Is The Bitcoin Price Down Today? Martinez issued this warning following the market rebound made by Bitcoin and altcoins. This rebound followed news that asset manager VanEck had filed for a Spot Solana ETF with the US Securities and Exchange Commission (SEC). Solana, in particular, saw a price gain of over 8% and rallied to as high as $150 following the news. The crypto market was also buoyed in anticipation of the US presidential debate. The crypto community had anticipated crypto being a major talking point during the discussion, although that didn’t happen. Regardless, there is still enough reason for the crypto market to be excited, as VanEck’s filing for the first-ever Spot Solana ETF marks a significant milestone not just for the Solana ecosystem but the crypto ecosystem in general. Other asset managers can be expected to file for a Spot Solana ETF in due time, and the potential approval of these funds could usher in more crypto ETFs just as the approval of a Spot Bitcoin and Ethereum ETF motivated VanEck to file for this Spot Solana ETF. Meanwhile, the Spot Ethereum ETFs are expected to begin trading soon, providing more bullish momentum for the crypto market. Technical Indicators Also Point To More Rallies For Bitcoin Martinez recently highlighted an Adam and Eve bottoming pattern, which he claimed seems to be forming on Bitcoin’s chart. He stated that this signals a potential 6% rise towards $66,000 if Bitcoin can maintain a candlestick close above $62,000. Additionally, Martinez recently noted that the crypto market sentiment has turned into fear, which suggests that crypto prices are currently undervalued and that a market rebound is imminent. According to Martinez, Bitcoin’s relative strength index (RSI) also shows that this is a good time to buy the Bitcoin dip. Historical trends suggest that a parabolic rally is already on the cards for the flagship crypto. Once Bitcoin makes its move to the upside, the broader crypto market is expected to enjoy a massive bounce. Related Reading: Dogecoin Profitability Rises To 75% As Shiba Inu Plunges To 52% Crypto analyst Javon Marks also alluded to Bitcoin’s RSI and highlighted a bullish divergence pattern that had formed on Bitcoin’s chart which he claimed validates a bullish outlook for the crypto token. He predicted that Bitcoin could soon make a rebound to $72,000 and possibly new all-time highs (ATHs) should this bullish pattern hold. Featured image created with Dall.E, chart from Tradingview.com
As the U.S. electricity grid struggles with wide scale outages, crypto-powered demand response programs can save customers billions. These decentralized generative energy networks (or DeGEN) offer services valuable to customers and governments alike.
SnowBridge, a trustless cross-chain bridge designed to link Polkadot with Ethereum, is seeking approximately $6 million in DOT tokens funding from the Polkadot community. The firm’s proposal stated that the funds are intended to ensure Snowbridge’s long-term success, align the team’s incentives with the Polkadot community, and provide financial guarantees for the bridge’s users. Treasury […]
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The post DogeCoin Community Celebrates As Musk Turns 53 appeared first on Coinpedia Fintech News
Elon Musk turned 53 today as the Dogecoin community celebrates this remarkable event. A Dogecoin team member reminded that Musk’s date of birth has some sort of link with Doge Day, as the Tesla CEO had once jokingly pointed out. Doge Designer reminded the community that the world’s biggest DOGE fan was born ‘69 days …
Trident3 and LayerZero launch a new blockchain identity solution, facilitating secure and verifiable digital identities on 70+ blockchains.
The post LayerZero and Trident3 launch P2P digital identity on over 70 blockchains appeared first on Crypto Briefing.
“I thought that my heart would stop,” said Matthias Mende as he told Cointelegraph how he felt when he realized he lost $100,000 in crypto assets to a hacker.
Last week, the SEC gave crypto exchanges and digital asset traders 30 days to re-register their businesses, or risk enforcement actions.
The post Shiba Inu Price Poised For A Massive Rally As It Enter Into Buy Zone appeared first on Coinpedia Fintech News
Shiba Inu (Shib) often called a Dogecoin killer has recently made headlines once again. After a sharp decline below $0.000017, the meme coin has entered what analysts called a “buy zone. Shiba Inu now presents an appealing opportunity for those looking to enter the market at a low point amidst expectations of a potential rally …