The post Kaspa Crypto Jumps Big! Will KAS Price Record A New ATH This Month? appeared first on Coinpedia Fintech News
The cryptocurrency market continues to display a mixed sentiment as top tokens display a neutral price action whereas the mid-cap and low-cap altcoins have recorded significant price action in their respective portfolios over the past few days. On the other hand, the Kaspa (KAS) price has recorded a surge of 328% in its trading volume …
PEPE has been on a remarkable upward trajectory, showcasing significant bullish momentum that has caught the attention of traders and investors alike. This sustained uptrend suggests strong market confidence and growing optimism about the prospects of PEPE. As the cryptocurrency continues to climb, market analysts are closely monitoring key indicators and trends to gauge how long this bullish phase might last and what potential heights PEPE could reach. In this analysis, we will dive into PEPE’s price prospects with the help of some technical indicators. As of the time of writing, PEPE’s price was trading at around $0.00001531 and was up by 3.33% with a market capitalization of over $6.3 billion and a 24-hour trading volume of over $1.5 billion. Its market capitalization and trading volume are down by 3.51% and 26.3% respectively in the last 24 hours. Technical View Of PEPE Price With Indicators From the 4-hour time frame, the price of PEPE is still actively trading below the 100-day Simple Moving Average (SMA), which is a clear indication that it might be poised for a more bullish movement. The 4-hour Moving Average Convergence Divergence (MACD) also signals that PEPE might move bullishly as the MACD histograms show signs of moving above the MACD zero line. In addition, although the MACD line and the MACD signal line are trending below the zero line, the MACD signal line is seen attempting to cross above the MACD line, suggesting that the price of PEPE might still move upward. In the 1-day time frame, it can be observed that PEPE, after making a pullback is showing signs of undergoing a rally as it is dropping a daily bullish candlestick. Although the 1-day MACD is giving a bearish signal as the MACD histograms have dropped below the MACD zero line and both the MACD line and the MACD signal line have crossed while still above the zero line, there is the possibility that the development might turn bullish again based on the price action in the 4-hour timeframe. Future Prospects For The Meme Coin Based on the previous price action of PEPE, it can be observed that a high of $0.00001731 and lows of $0.00001313, $0.00001152, and $0.00000888 have been created which are key points in determining its next destination. If PEPE continues to move upward to the resistance level of $0.0001731 and breaks above it, it therefore means that it will move higher to create a new high. However, if it fails to break above this resistance level, it will begin a downward move toward the $0.00001313 support level. Should the price break below this support level, it might move even further to test the $0.00001152 level and probably other levels on the chart. Featured image from iStock, chart from Tradingview.com
In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.
May's crypto fund inflows hit $2bn, with the US leading at $130m and Ethereum seeing renewed interest after SEC ETF approval.
The post Crypto funds inflows surpass $15 billion and set new record appeared first on Crypto Briefing.
Roaring Kitty, one of the main orchestrators of the GME saga, could be on track to becoming the first GME billionaire if the pump continues.
The post Kraken Witnesses Largest BTC And ETH Outflows Since 2017 appeared first on Coinpedia Fintech News
Kraken witnessed an outflow of over 49,100 BTC, the largest since 2017. In terms of USD, this is the largest outflow in the exchange’s history, totaling $3.33 billion. It also saw a massive outflow of 572,100 ETH, equivalent to $2.15 billion! Kraken’s BTC reserves dropped to 2018 levels, holding 122,300 BTC. For Ethereum, Kraken’s reserves …
This episode explores how WeatherXM transforms weather data collection and forecasting using decentralized Web3 technology and the Internet of Things, making it more accurate, accessible and community-driven.
Crypto investors are eagerly awaiting the next chapter in Bitcoin’s story, and this veteran trader just offered a potential plot twist. Related Reading: Crypto Crime Busters: China, UAE Vow To Combat Telecom Fraud And Online Gambling In his analysis, Peter Brandt suggests Bitcoin could gallop towards a record-breaking peak of $130,000 to $150,000 by late […]
Matter Labs, the team behind Ethereum layer-2 network zkSync, announced on June 2 that it would drop all trademark applications for “zero-knowledge (ZK).” Last week, the firm came under intense scrutiny due to its attempt to trademark the ZK term. Industry stakeholders, including Polygon co-founders Sandeep Nailwal and Brendan Farmer, StarkWare CEO Eli Ben-Sasson, Polyhedra Network co-founder Tiancheng Xie, and Turing […]
The post Matter Labs drops controversial ‘zero-knowledge’ trademark effort appeared first on CryptoSlate.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.
In a recently published video titled “Best Altcoins To Buy Now,” crypto influencer Lark Davis shared his latest insights on promising altcoins with his 546,000 YouTube subscribers. Known for his candid and straightforward approach, Davis emphasized the speculative nature of his recommendations and the inherent risks of crypto investments. Davis began by acknowledging Bitcoin’s role as the premier digital store of value, noting that while it remains the most secure asset in the crypto space, it is unlikely to deliver the high returns that some altcoins can offer. “If you’re after life-changing gains, then you have to risk life and limb in the altcoin jungle,” Davis remarked, underscoring the potential of altcoins to yield substantial returns, albeit with significant risks. He pointed out that Bitcoin, while being a solid choice for wealth preservation, probably won’t deliver 100x or even 10x returns in the near future. The approval of spot Ethereum ETFs is a significant development that Davis believes will bring attention to other altcoin projects, setting the stage for a broader “altcoin season.” He acknowledged that while memecoins often gain the most attention during these times, other projects with real utility deserve closer scrutiny. Davis expressed his intent to highlight coins with actual use cases, as these have better chances of surviving market cycles and potentially achieving long-term success. Best Altcoins To Buy Now The first altcoin Davis highlighted is Jupiter (JUP), a decentralized exchange (DEX) aggregator built on the Solana blockchain. Jupiter stands out due to its ability to consistently offer the best token prices by aggregating data from multiple exchanges. Davis emphasized the importance of Jupiter’s user-friendly interface, which simplifies the onboarding process for new users entering the DeFi space. This ease of use, combined with Solana’s recent popularity driven by memecoins, positions Jupiter as a key gateway for traders looking to capitalize on emerging trends. Davis detailed Jupiter’s significant trading volumes, noting that it frequently surpasses Uniswap. In March and April, Jupiter achieved $47 billion and $35 billion in trading volume, respectively. He highlighted Jupiter’s perpetual exchange feature, which offers up to 100x leverage, as a significant attraction for traders seeking substantial gains. Moreover, Jupiter’s staking rewards model incentivizes participation in project governance, providing stakeholders with additional benefits such as incentivized tokens, launchpad fees, and airdrops. Davis mentioned Jupiter’s plans to expand into the forex and stock markets, which could further enhance its utility and market position. Related Reading: Dogecoin Whales Buy $112 Million Worth Of DOGE As Crypto Investors Turn Their Attention To Meme Coins Next on Davis’s list is Aerodrome (AERO), a DEX operating on Coinbase’s Base ecosystem. Davis underscored the strategic advantage of having Coinbase, with its extensive user base of over 120 million, backing the Base ecosystem. This support, combined with the upcoming introduction of smart wallets to simplify user onboarding, gives Aerodrome a significant edge. Although there is no native token for the Base ecosystem yet, Davis believes Aerodrome’s token could serve as a viable alternative, benefiting from its role as a major DeFi platform within the ecosystem. Davis pointed out Aerodrome’s impressive total value locked (TVL) of around $700 million and a market cap of approximately $500 million. He suggested that as more Coinbase users engage with the Base ecosystem, the Aero token could see substantial appreciation. Davis revealed that he has increased his holdings in Aerodrome, confident that the platform’s growth potential aligns with his investment strategy. Davis also discussed SubSquid (SQD), describing it as the “Google of blockchains.” SubSquid is a comprehensive blockchain indexing solution designed to facilitate quick and cost-effective access to on-chain data. Davis explained that SubSquid acts like a decentralized filing cabinet, organizing data from multiple blockchains to enable developers to build decentralized applications (dApps) without the burden of slow queries. Supporting over 100 networks and utilized by more than 5,000 dApps, SubSquid offers a robust infrastructure for blockchain development. With a total token supply of 1.34 billion and a market cap of around $21 million, SubSquid presents a compelling investment opportunity, according to Davis. He compared SubSquid’s market position to that of The Graph (GRT), which boasts a market cap of $3 billion, suggesting that SubSquid has significant room for growth. Davis mentioned his participation in SubSquid’s private sale and his current holding strategy, watching for the project’s development and market performance. Related Reading: Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices? The Oasis Network (ROSE), a layer-1 blockchain focused on privacy and scalability, was another recommendation. Davis highlighted its unique two-layer architecture, which separates consensus and smart contract execution to enhance privacy and scalability. This structure makes Oasis suitable for applications in finance, artificial intelligence (AI), and the metaverse. Davis emphasized the importance of privacy in blockchain applications, especially for attracting institutional users. He likened Oasis’s approach to Polkadot’s independent parachains and Avalanche’s subnet infrastructure. Davis pointed out Oasis’s robust ecosystem fund, supported by prominent investors such as Binance Labs, Pantera Capital, and Jump Capital. The network’s ongoing rebrand aims to emphasize its focus on decentralized AI, aligning with current market narratives. Collaborations with projects like the Ocean Protocol and the involvement of notable figures in AI further bolster Oasis’s credibility and potential. The native token, ROSE, has a market cap of around $600 million and a maximum supply of 10 billion coins. Davis disclosed that he acquired a significant amount of ROSE during the bear market and continues to monitor the project’s progress. Finally, Davis discussed Fantom (FTM), a layer-1 blockchain designed to challenge Ethereum’s dominance. He highlighted the upcoming Sonic upgrade, which will transform Fantom into a new blockchain, replacing the original. This rebrand, accompanied by technical enhancements, could drive significant interest and investment in Fantom. Davis praised Sonic’s impressive transaction speed of 2,000 transactions per second and sub-second finality, noting that these features position Fantom as a strong contender in the blockchain space. Davis revealed that he secured a substantial position in Fantom through an OTC deal and later doubled his holdings by purchasing more on Binance. He emphasized the potential of the Sonic upgrade to attract attention and investment, driven by the involvement of popular developer Andre Cronje. With on-chain statistics improving and renewed interest in the Fantom ecosystem, Davis remains optimistic about its prospects. In closing, Davis reminded viewers of the speculative nature of crypto investments and the importance of conducting thorough research. “Just because I like these coins doesn’t mean they’re guaranteed to succeed,” he cautioned. Davis’s insights reflect the dynamic and high-risk environment of the cryptocurrency market, where informed decision-making is crucial. At press time, JUP traded at $1.0977. Featured image created with DALL·E, chart from TradingView.com
The outcome of the elections will be a pivotal moment for the implementation of the MiCA regulatory framework and the approval of the first spot Ether ETF.
The promotional plugin steals cookies from users, which hackers use to bypass password and two-factor authentication verification and log into the victim’s Binance account.
Linea's unilateral block production halt after Velocore DEX hack sparks debate on decentralization and censorship resistance in the blockchain industry.
The post Linea faces criticism over block production halt appeared first on Crypto Briefing.
In a noteworthy development for the blockchain community, Consensys’ Linea Layer 2 blockchain has temporarily suspended block production following a recent security compromise that led to the exploitation of funds worth millions of dollars. The purpose of this swift move was to prevent any potential exploitation of user assets and to preserve the network’s integrity. […]
Keith Gill posted his GameStop options positions on the r/superstonks subreddit.
Bitcoin and Ethereum supplies on centralized exchanges have hit record lows following the introduction of crypto-related spot exchange-traded funds (ETFs) in the United States. According to Glassnode data, Bitcoin balances on exchanges have fallen to 11.6%, the lowest since December 2017. Ethereum balances are even lower at 10.6%, the lowest since October 2015. Spot ETFs […]
The post Bitcoin and Ethereum exchange balances hit record lows as spot ETFs drive withdrawals appeared first on CryptoSlate.
SingularityNET announces the merger dates for FET, AGIX, and OCEAN into the new ASI token, aiming to create a unified decentralized AI network.
The post Australia To Join The Spot BTC ETF Race Starting Tomorrow appeared first on Coinpedia Fintech News
The Monochrome Bitcoin ETF, Australia’s first spot Bitcoin ETF is all set to start trading on June 4, 2024. This move positions Australia alongside the US and Hong Kong in the rapidly growing BTC ETF market. Monochrome’s ETF has unique features like allowing investors to withdraw and self-custody their Bitcoin, setting it apart from other …
Australia is set to join Hong Kong, Canada and the U.S. in offering investors an ETF that invests in and directly holds Bitcoin.
The firm abandoned its trademark application for the term "ZK," short for "zero-knowledge," following pushback from competitors.
Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history.
The cryptocurrency sector is witnessing a new gold rush, and this time, it’s happening on a messaging app. Notcoin (NOT), a Telegram-based token, has exploded in value over the past week, surging 400% and reaching its all-time high of $0.027. This astronomical rise has left analysts scrambling to understand the driving force behind this social media-fueled frenzy. Related Reading: Is This The Ethereum Endgame? Investors Pull $3 Billion From Exchanges From Humble Beginnings To Meteoric Rise Notcoin’s journey began modestly as an in-game currency for a Telegram clicker game launched in late 2023. Players could earn NOT tokens by tapping a virtual gold coin, a simple yet addictive mechanic that attracted a large user base within the popular messaging platform. This initial success paved the way for a wider integration with Telegram in May 2024, allowing users to earn tokens through various “earning missions” and tasks. This play-to-earn model, coupled with the massive user base of Telegram, seems to be the key to Notcoin’s recent surge. The token’s skyrocketing price has also been fueled by a significant jump in daily transaction volume. Notcoin now boasts a daily trade volume exceeding $4.5 billion, placing it among the top four most actively traded cryptocurrencies. This surge in activity indicates a growing interest from investors and potential new users eager to capitalize on the play-to-earn opportunities offered by Notcoin. Whales And FOMO: A Recipe For Volatility? While the Notcoin rally is undeniably impressive, whispers of caution linger within the crypto community. The cryptocurrency market is notorious for its volatility, and such rapid price increases often raise concerns about a potential bubble. This is further amplified by reports from on-chain data provider Lookonchain. According to Lookonchain, a large investor (“whale”) profited significantly from the recent price surge. This whale reportedly purchased a substantial amount of wrapped Notcoin (wNOT) before the official listing of NOT. The price of #Notcoin( $NOT) has risen by more than 400% in the past 7 days. We noticed that a whale has an unrealized profit of $862K on $NOT. He spent 50,550 $TON($278K) to buy 46.4B $wNOT before $NOT was listed. 1000 $wNOT can be exchanged for 1 $NOT. On May 21, he… pic.twitter.com/Da29qniVzg — Lookonchain (@lookonchain) June 3, 2024 Lookonchain highlights that upon listing, the whale converted their entire holding of wNOT into NOT, resulting in an unrealized profit of over $862,000. The whale’s sizable holdings and potential future actions could significantly impact the token’s price stability. Another factor to consider is the fear of missing out (FOMO) currently driving the market. New investors, lured by the prospect of high returns, might be rushing into Notcoin without fully understanding the underlying technology or the risks involved. This could lead to a situation where the price becomes inflated beyond the token’s actual utility, setting the stage for a potential correction in the future. Related Reading: Worrying Signs For XRP: Price Tumbles As Demand Dries Up The Road Ahead For Notcoin Despite the inherent risks, Notcoin’s success highlights the growing potential of integrating cryptocurrency with established social media platforms. The ease of access and user-friendly experience offered by Notcoin’s play-to-earn model could be a blueprint for future blockchain integration within social media. However, the platform’s long-term viability hinges on its ability to maintain a healthy user base and demonstrate the real-world value of the NOT token beyond its current gaming and task-based applications. Featured image from Coben Executive & Corporate Advisory, chart from TradingView
Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions.
Quick Take Farside data shows that on May 31, Bitcoin (BTC) exchange-traded funds (ETFs) experienced another inflow, matching the previous trading day’s amount of $48.8 million. Despite the inflows, only two issuers reported positive net inflows. BlackRock’s IBIT ETF saw the largest inflow, with $169.1 million, raising its total net inflow to $16.7 billion. Fidelity’s […]
The post 14 straight days of inflows for Bitcoin ETFs as Ark abandons ETH ETF amid $100M BTC outflow appeared first on CryptoSlate.
Australia-based Monochrome Asset Management's Monochrome Bitcoin exchange-traded fund (ETF) (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, the company told CoinDesk.
'Spider-verse' producer Chris Miller said he doesn't want to "steal the generic plagiarized average of other artists’ work.”
The Technical Director at the Cardano Foundation, Matthias Benkort (also known as @KtorZ), has successfully encapsulated the entire Bitcoin blockchain within a single block on the Cardano blockchain. This announcement, made via X (formerly Twitter), has sent ripples through the blockchain community, highlighting the potential for advanced data management and interoperability between blockchains. A Breakthrough […]