Binance is assisting in investigating the malicious attack on Turkish crypto exchange BtcTurk, according to Binance CEO Richard Teng.
Ethereum (ETH) is currently down by 0.75% as its price continues a range-bound movement seen all week. However, in its monthly timeframe, the most prominent altcoin displays a concerning performance with a reported loss of 6.40% according to data from CoinMarketCap. However, popular crypto analyst Ali Martinez has picked up a notable development on the Ethereum network which could spell good fortunes for price action in the coming days. Related Reading: Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish Ethereum Active Addresses Soar To 3-Month High At 617,170 In an X post on June 22, Martinez reported a significant spike in the active addresses on the Ethereum blockchain. Using data from blockchain analytics company Santiment, the crypto analyst noted there were 617,170 active Ethereum users on June 21, marking the highest value for this metric in the past three months. #Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr — Ali (@ali_charts) June 22, 2024 This development has sparked much speculation in the Ethereum community as a rise in active addresses often signifies an increase in network activity which is quite important following Ethereum’s overall negative performance in the last month. In theory, this is a positive omen for ETH’s price as higher activity corresponds with a rise in user transactions thus driving higher demand for the cryptocurrency and ultimately producing a price rebound. Many Ethereum enthusiasts would likely hope that this turns out to be the case when the altcoin breaks out of its current condition between $3,400 and 3,600. Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO ETH Propped For Major Rebound In other news, another crypto analyst Michaël Van De Poppe has also added to Ethereum’s chances of staging market recovery. Using the ETH/BTC price chart, van De Poppe stated that as long as ETH trades above the 0.05 price mark, the token’s downtrend is set to undergo a reversal soon. Currently, ETH trades around $3,504.42 with a 1.56% decline in the past week. Notably, the token’s daily volume is down by a staggering 52.93%, presently valued at $7.50 billion. If the bulls are able to mount massive pressure forcing an upward breakout, ETH may return to the $4,000 last seen in March. However, if the bears retain market control, Ethereum could fall as low as $3000, representing a potential 14% decline from its current price. It’s worth stating that all predictions are merely speculations and offer no guarantee. Investors are admonished to conduct proper research before buying any asset. ETH trading at $3,511 on the daily chart | Source: ETHUSDT chart on Tradingview.comFeatured image from, chart from Tradingview
CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized exchanges (CEXes) were unaffected. CoinStats is also investigating a scam notification some iOS and Android […]
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Crypto analyst Willy Woo recently explained what needs to happen for Bitcoin to continue its bull run. The flagship crypto has been on a decline for a while now and has failed to make a significant run since hitting its current all-time high (ATH) of $73,750 in March earlier this year. What Needs To Happen […]
Cameron and Tyler Winklevoss have been collectively refunded around $310,800 by the Trump 47 Committee since they exceeded the maximum amount of donation allowed by federal law, a campaign official told Bloomberg. The founders of Winklevoss Capital Management and Gemini crypto exchange each donated $1 million worth of Bitcoin (BTC) to former president Donald Trump, […]
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Cryptocurrency portfolio manager CoinStats has assured users that the security breach has been “mitigated,” and it will provide updates in due course.
A crypto analyst has disclosed reasons why the price of Bitcoin could witness more declines to $52,000 lows. According to the analyst, Bitcoin has broken key support levels, which indicates a potential shift from a bullish to a bearish position. Analyst Projects Bitcoin Crash To $52,000 In a post on X (formerly Twitter) on June 21, crypto analyst, Justin Bennett predicted that Bitcoin could witness a price crash to key ranges between $52,000 and $54,000. He shared a price chart illustrating Bitcoin’s recent decline, highlighting that its price remains range-bound, showing no clear downward or upward trend as it trades between support and resistance. Related Reading: XRP Exhibiting Unusual On-Chain Behavior, How Will This Affect Price? While Bennett believes that Bitcoin could plummet to $52,000, the analyst cited several reasons for this bearish outlook. He revealed that Bitcoin has broken past a key trend line from October 2023, suggesting a shift to more bearish territory. Additionally, the analyst noted market imbalances between February 26 and 27, indicating the possibility of less accumulation and more selling pressure for Bitcoin. Bennett also highlighted the presence of significant liquidity below the $56,500 price threshold for BTC. He suggested that markets often move towards areas with higher liquidity due to the concentration of buying and selling of Bitcoin. As a result, the potential for Bitcoin to drop below $60,000 is greater. On the upside, Bennett has disclosed the possibility for Bitcoin to have a bullish turnaround above $72,000, potentially capturing liquidity at these levels. However, the analyst also considers this a less likely scenario given the current state of the Bitcoin chart. “I’ve been a supporter of crypto since I got involved in 2020, but facts are facts. The charts don’t look great, and the stock market is the only thing keeping crypto from falling off a cliff,” Bennett stated. Investor Interest In BTC Is Waning In one of his latest X posts, crypto analyst, Ali Martinez disclosed that investors’ interest in Bitcoin has begun to diminish. According to the analyst, BTC is experiencing a significant downturn in exchange-related on-chain activities. Additionally, the pioneer cryptocurrency is presently witnessing a substantial drop in its network usage, suggesting a shift in demand for Bitcoin. Martinez has suggested that the crypto market may be turning their attention to Ethereum, the world’s largest altcoin. He disclosed that the “crowd was growing more optimistic about Ethereum,” highlighted by the surge in the cryptocurrency’s social media mentions. Related Reading: Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales? This change in investor sentiment could be attributed to the imminent launch of Ethereum Spot ETFs, which is expected to attract significant inflows into Ethereum’s market and potentially drive up the cryptocurrency’s price. Martinez also shares similar sentiments with crypto analyst Bennett, predicting a possible price correction for Bitcoin toward new lows at $54,930. At the time of writing, the price of Bitcoin is trading at $64,265, reflecting a 2.87% decline over the past week, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
American rapper and actor 50 Cent was recently at the center of a meme coin saga on the Solana network. The rapper refuted promoting the GUNIT meme coin, claiming his X (formerly Twitter) account was hacked by individuals pushing the cryptocurrency. Related Reading: Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout Hackers […]
The U.S. Securities and Exchange Commission has dropped its case against Ether. However, in another crypto case, the regulator still demands billions in penalties from Ripple.
The Dogecoin price slump might be over very soon, according to a little-known but important indicator called the Gaussian Channel (GC). As recently noted by a crypto analyst known pseudonymously as Trader Tardigrade, the Gaussian Channel recently flashed green on the DOGE weekly chart, suggesting the crypto could surge to the upside for the next wave. DOGE’s Gaussian Channel Flashes Bullish Green The Gaussian Channel is a comparatively less well-known technical indicator among crypto experts, in contrast to other famous technical indicators such as moving averages, RSI, and MACD. The Gaussian Channel plots two curves derived from normal distribution to identify areas where the price is trading at extreme highs or lows relative to its recent range. Interestingly, the price of DOGE has been known to react positively whenever it reaches the green zone of this lesser-known but powerful tool. Related Reading: Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales? According to a DOGE weekly chart shared on social media platform X by analyst Trader Tardigrade, recent price action has seen the cryptocurrency hitting the green zone of the Gaussian Channel. This is a very bullish development that could signal a major move higher is imminent. “When the time is up, #Dogecoin will surge incredibly,” the analyst said. A more in-depth examination of the chart reveals two earlier instances in which Trader Tardigrade identified similar patterns for Dogecoin and the Gaussian Channel. The first time the Gaussian Channel turned green was in 2016, allowing DOGE to go on a multi-year journey, which saw it setting multiple all-time highs in 2018. A similar pattern occurred in 2021 and 2022, which saw DOGE surging astronomically to peak at its current all-time high. How High Can It Drive Dogecoin Price? Of course, no one can predict exact price targets. However, if history is to repeat itself, DOGE is expected to exhibit bullish action for the next few years. According to the analyst, a potential surge could see DOGE break past its current all-time high into new price territory. His most optimistic outlook has Dogecoin breaking past its $0.73 this year and entering $1 by 2025. Trader Tardigrade noted a final price target well above $6.5, representing an increase of over 5,100% from the current price level. Related Reading: Bitcoin Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here’s When Considering the current DOGE price action, this ultra-bullish price target might seem unrealistic to some of the best meme coin enthusiasts. At the time of writing, DOGE is trading at $0.1235 and is down by 9.44% in the past seven days amidst a broader market decline. There are many price resistance levels to overcome before investors can be confident of a DOGE rally. According to data from IntoTheBlock, DOGE whales have been reducing their holdings in the past year. This selloff has seen their collective holdings drop from 45.3% from a year ago to about 31% today. Featured image created with Dall.E, chart from Tradingview.com
The CEO of Bubblemaps joined the Space to watch and was treated to an “absolutely savage” show.
Bitcoin’s price dynamics have taken a significant turn as the $64,515 support level, once a crucial foundation, has now transformed into a formidable resistance after being breached. This pivotal change underscores a shift in market sentiment, with traders now watching closely to see if Bitcoin can reclaim this level or face further downward pressure. The […]
Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside. Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens. Related Reading: AI Crypto Fetch.ai (FET) Makes ‘Big Bounce’ – Volume Spikes Over 200% Ahead Of Merger Polygon To Rise To As High As $5 World of Charts predicted in an X (formerly Twitter) post that Polygon could rise to between $4 and $5 in the midterm. He made this prediction while stating that this might be the last chance to accumulate MATIC before the solid bullish wave, which he expects to happen soon enough. He suggested that this move for Polygon could occur during the imminent altcoin season. Interestingly, the crypto analyst expects Polygon to rise much higher than $5 in the long term. From the chart he shared, he hinted at the crypto token rising to as high as $40 by year-end or sometime in 2025. Meanwhile, he stated that a price between $10 and $12 was an “easy target” for MATIC. Data from the market intelligence platform IntoTheBlock shows that most of Polygon’s on-chain metrics are bullish, which could help contribute to the crypto token’s move to the upside. One of these metrics is the large transactions, which have been on the rise recently, suggesting that crypto whales are actively accumulating the crypto token. Furthermore, Polygon looks well positioned to enjoy a significant rally when the given altcoin season kicks off, considering that the Spot Ethereum ETFs are believed to be what will trigger this run for altcoins. That means that the rally could begin in the Ethereum ecosystem, where Polygon remains one of the most prominent Ethereum-based tokens. Time To Flip Bullish On Polygon Crypto analyst CrediBUL Crypto also recently suggested that Polygon’s bullish reversal was on the horizon. He revealed that he had been going short on the crypto token for a while now but stated that it was almost time for him to flip bullish on Polygon. Crypto analyst Mayor of Matic also recently highlighted a wedge pattern on Polygon’s pattern and stated that the breakout above the wedge will be “powerful.” Crypto analyst Crypt Kaleo had earlier in March highlighted Polygon’s chart and suggested that the crypto token was looking well primed for that move. As such, considering how long it has consolidated since then, this parabolic move could happen sooner rather than later. However,it remains to be seen if MATIC can rise as high as $5 as World of Charts predicted. Related Reading: Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa At the time of writing, Polygon is trading at around $0.56, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from TradingView
Billionaire finance mogul Masayoshi Son also said that AI will be 10,000 times smarter than humans by 2035.
Solana meme coin, Dogwifhat (WIF), has crashed below $2 this week, witnessing double-digit declines as investor interest in the popular meme coin begins to wane. Related Reading: Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout Dogwifhat Crashes 26% The price of Dogwifhat is currently trading at $1.8 as the doggy-themed meme coin […]
Solana, a leading blockchain platform, is experiencing a significant downturn as a persistent bearish wave sweeps through its market. This decline, driven by a combination of factors, has led to SOL’s price suffering a huge drop below the $140 support mark. Solana’s price has struggled to find stability, breaking through key support levels and signaling further potential losses. As bearish sentiment continues to dominate, traders and investors are closely monitoring the situation, seeking signs of a possible reversal or additional declines in the near future. Technical Indicators Signal Further Losses For Solana On the 4-hour chart, the price of SOL is beginning to decline again after a failed attempt to move upward. It should also be noted here that the digital asset is still actively bearish trading below the 100-day Simple Moving Average (SMA). The 4-hour Relative Strength Index (RSI) also suggests that Solana may be poised for a further decline as the signal line of the RSI indicator is attempting a reversal below 50% dropping toward the oversold. From the 1-day chart based on the current price movement, it can be observed that SOL is still actively bearish as it is still trading below the 100-day SMA. It can also be noticed here that it is attempting to start moving downward by dropping a rejection candlestick. Also, the RSI indicator reveals that SOL’s price may likely decline further as the RSI line is actively trending below 50% heading toward the oversold zone. It is worth noting that from the analysis and technical indicators on both the 4-hour and 1-day chart, it can be suggested that the price of SOL may extend its decline for a while. Potential Scenarios For SOL’s Price Movement Presently, Solana has broken below the $140 mark and is attempting a downward move toward the $118 support level. If SOL’s price breaks this level, it will continue to move down to test the $99 support level and may probably move on to test other lows if it breaches below this $99 level. However, if it fails to move downward as predicted and breaks above the $140 mark, it will start a move toward the $160 resistance level. Should it break above this resistance level, it will continue to move upward to test the $188 resistance level. Furthermore, Solana may witness a higher climb to test the $205 resistance level on the chart if it breaks the above support level and possibly heads on to create a new high. The price of SOL has decreased by 0.57%, trading at about $133 in the last 24 hours, with a market capitalization of more than $61 billion and a trading volume of more than $1.9 billion as of the time of writing. There has been a 12.94% increase in market capitalization in the last day despite the trading volume being down by 9.84%. Featured image from Adobe Stock, chart from Tradingview.com
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is facing choppy waters. A recent colossal transfer by Robinhood, a leading crypto exchange, has given jitters to SHIB enthusiasts, raising questions about the future of meme coins. Related Reading: Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout Robinhood’s Mysterious SHIB Shuffle Late on June […]
The Trump campaign refunded the Winklevoss twins after their Bitcoin donations went over the federal limit.
The post Winklevoss twins get Bitcoin donation refund from Trump campaign: Bloomberg appeared first on Crypto Briefing.
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal and regulatory frameworks.
AVAX token falls 10% after BtcTurk, Turkey's leading crypto exchange, suffers a hack, with 1.96M AVAX moved illicitly.
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The post Solana’s Crucial Upgrade As It Adopts ZK Compression appeared first on Coinpedia Fintech News
Solana blockchain welcomes a crucial upgrade for its scaling and performance metrics as it adopts ZK Compression. The CEO of Helius, a Solana infrastructure application expects the advancement to bring ‘10,000x scale improvements’ to Solana’s L1 design. In terms of cost-efficiency, ZK Compression results in over 5,200x cheaper transactions. Technically, the upgrade compresses the size …
The post Trump’s Campaign Refunds Winklevoss Twins’ Bitcoin Donation Exceeding Legal Limit appeared first on Coinpedia Fintech News
Co-founders of Gemini crypto exchange, Tyler and Cameron Winklevoss, recently made headlines by announcing $2 million Bitcoin donations ($1 million each) to Donald Trump’s presidential campaign. However, this major contribution towards a pro-crypto cause, could not be accepted ultimately as it totalled to 15.47 BTC per twin, and surpassed the federal legal limit for individual …
Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily in transactions, TON’s daily volume sits between $5-$10 billion. This, at first glance, might seem like a David-and-Goliath scenario. However, there’s a crucial detail to consider: TON is only four years old, a mere pup compared to Bitcoin’s seasoned presence. This rapid climb in transaction volume for such a young network suggests a growing appetite for TON’s capabilities, particularly for facilitating large transfers of digital assets. On-chain metrics of $TON are going parabolic! “The transfer volume ranges between $5.0B ~ $10.0B. For comparison, #Bitcoin‘s average daily transfer volume is around $50.0B. This indicates that #TON has already achieved between 10% Bitcoin’s capacity.” – By @JA_Maartun Read… pic.twitter.com/56VjsAGOwL — CryptoQuant.com (@cryptoquant_com) June 20, 2024 Related Reading: Tron’s USDT Triumphs: Daily Volume Climbs Above $53 Billion, Dwarfing Visa Crypto analysis reveals a tenfold increase in TON token holders over the past year, skyrocketing from 2.9 million to over 30 million. This surge in user adoption suggests a growing trust in the network and could potentially pave the way for a more robust and vibrant TON ecosystem. A larger user base translates to a wider pool of developer talent, increased opportunities for innovation, and ultimately, a stronger network effect that attracts even more users. Messaging App Integration: A Catalyst For Crypto Adoption? The unique advantage TON possesses lies in its connection to Telegram, one of the most popular messaging apps globally, boasting over 900 million users. This integration has the potential to be a game-changer for crypto adoption. Challenges Ahead For Toncoin However, there are still hurdles to overcome. The regulatory landscape surrounding cryptocurrencies remains complex, and TON will need to navigate these challenges to achieve mainstream adoption. Additionally, questions linger about the scalability of the TON network. Can it handle the massive influx of users that Telegram’s integration might bring? Meanwhile, as TON boasts impressive growth in users and transaction volume, its token price hasn’t quite mirrored this enthusiasm. In the last 24 hours, TON has dipped 0.5%, and over the past week, it’s down 10.4%. Featured image from California Business Journal, chart from TradingView
The post BabyDoge Partners With Yescoin To Expand Its Global Reach appeared first on Coinpedia Fintech News
BabyDoge has recently revealed its partnership with Yescoin, a Telegram-based game. The collaboration is set to expand the global reach of both projects. Yescoin has integrated a task in its game that allows engaging with BabyDoge’s socials, driving more interaction and growth across ecosystems. BabyDoge is partnering with Yescoin to leverage its gaming services where …
The post MicroStrategy’s Michael Saylor Reaction To Bitcoin’s Decline appeared first on Coinpedia Fintech News
Michael Saylor, the well-known Bitcoin proponent has an optimistic response to Bitcoin’s downturn. During Friday’s trading session, the Bitcoin price fell to more than a one-month low of $63,300 which also coincides with the substantial outflows of BTC ETFs and fading prospects of interest rate cuts in the United States. In the given backdrop, Saylor …
The post McKinsey Report Reveals Broader Tokenisation Adoption Still Far Away appeared first on Coinpedia Fintech News
Mc Kinsey and company in a report predicted that even in an optimistic scenario by 2030, the tokenized asset market might just be $4 trillion as financial institutions embrace blockchain technology for traditional financial instruments at a slower pace and a limited range of assets. It noted that the number could be as low as …
Dell's message on X follows his $2.1 billion cash out from his Dell Technologies Class C common stock holdings.
The post Nigerian SEC Amends Its Digital Asset Rules appeared first on Coinpedia Fintech News
The Nigerian SEC has amended its rules on digital assets Issuance, Offering Platforms, Exchange, and Custody. The amendment process is designed to enhance the regulatory environment to make it more responsive to the complexities of digital asset markets. The SEC has introduced a special compliance program called the Accelerated Regulatory Incubation Programme (ARIP) specifically designed …
The post Ethereum Gas Prices Hit Record Lows Amidst Layer 2 Surge appeared first on Coinpedia Fintech News
Ethereum’s network is scaling up impressively, with gas prices plummeting to their lowest in years and Layer 2 solutions experiencing record activity. This marks a significant step towards making Ethereum more efficient and user-friendly. Read on to gain more clarity about the fall of Ethereum gas prices. Record Low Gas Prices on Ethereum As of …
The post Bitcoin Bull Run: September 2024 the Turning Point For BTC Price, Here’s Why appeared first on Coinpedia Fintech News
Despite the current bearish sentiment surrounding Bitcoin, there is significant optimism about a potential bull run starting in September 2024. Analysts are closely watching aggressive buying of call options from September through December, hinting at major market movements during the US elections. But wait – what should you expect next? Here’s a detailed look. Bitcoin …