Seven out of ten respondents claim they have invested, and almost one in five (19%) say they hold cryptocurrency
The event this week in Austin, Texas, draws 500 developers, who are key to the blockchain industry’s future.
The House of Representatives voting overwhelmingly in favor of a crypto market structure bill is an interesting prelude to CoinDesk's annual conference. We'll be talking about these things in Austin this week.
Quick Take As the end of the month approaches, significant options expiries for both Bitcoin and Ethereum are set for May 31. Bitcoin trades around $68,500 with a put/call ratio of 0.58, indicating a bullish sentiment among traders. The total open interest is roughly 68,000 BTC, translating to a substantial notional value of $4.7 billion. […]
The post Bitcoin options expiry indicates bullish sentiment, Ethereum shows mixed outlook appeared first on CryptoSlate.
The post Crypto Guru Forecasts Chainlink (LINK) Price Surge Could Hint Mega Altcoin Rally appeared first on Coinpedia Fintech News
Chainlink’s price continues to surge, with a significant 5% increase in the last 24 hours. This momentum has driven the cryptocurrency to achieve a monthly high of $18.82, indicating a bullish trend. Despite a slight pullback, Chainlink currently holds steady at $18.18, showcasing continued market strength. Meanwhile, prominent crypto analyst Michaël van de Poppe has …
Bernstein report projects Bitcoin and Ether ETF markets to reach $450B, driven by crypto price forecasts and ether's commodity classification, with positive implications for other tokens like Solana (SOL).
The post Bitcoin and Ether ETF markets poised to reach $450B — Bernstein appeared first on Crypto Briefing.
The post Hong Kong’s LBank Lists KNINE, Shiba Inu Reacts appeared first on Coinpedia Fintech News
LBank, based in Hong Kong, has announced the listing of KNINE, the governance token of K9 Finance. LBank has listed KNINE under the KNINE/USDT pair in the innovation zone. Users can now deposit KNINE into their bank accounts in preparation for trading, which is scheduled to commence today. The exchange will open withdrawals starting tomorrow. …
P2P.org unveils a first-of-its-kind Restaking API, streamlining Ethereum staking for intermediaries and enhancing user rewards.
The post P2P.org unveils first Restaking API for ETH, empowers intermediaries with automated staking solutions appeared first on Crypto Briefing.
Bitcoin (BTC) continues its captivating dance near its all-time high, leaving investors to ponder whether it’s a victory lap or a prelude to a potential tumble. While the price sits stubbornly around $68,000, new data reveals a market brimming with “extreme greed,” according to the Crypto Fear and Greed Index. This suggests investors are piling on, fueled by the belief that the digital gold is on an unstoppable ascent. However, beneath the surface of this bullish fervor lurk shadows of potential setbacks. Let’s dissect the forces shaping Bitcoin’s trajectory. Related Reading: Floki Floats 22% On Marketing Blitz, Aims For ‘World’s Most Used Crypto’ Title Greed For Bitcoin Up The Fear and Greed Index at 74 paints a picture of a market intoxicated by optimism. Investors are chomping at the bit, accumulating more BTC in anticipation of a price surge. This bullish sentiment might very well be a self-fulfilling prophecy, but a note of caution is necessary. Historically, periods of extreme greed have often ended with sharp corrections. Profit Taking: The Looming Sell-Off? With BTC brushing shoulders with its all-time high, the allure of profit-taking becomes irresistible for some investors. The temptation to cash out and lock in gains could trigger a wave of selling, applying downward pressure on the price. This dynamic highlights the double-edged sword of profitability. While it bolsters sentiment, it can also ignite a sell-off if not managed strategically. Short-Term Holders: A Recipe For Volatility? The analysis also reveals a rise in short-term holders (STHs). These investors, unlike their long-term counterparts, are more likely to react impulsively to market fluctuations. A sudden dip in price could trigger panic selling from these STHs, leading to short-term volatility for Bitcoin. Related Reading: Polkadot (DOT) Price Prediction: Analyst Sparks Bullish Frenzy With $10 Target Greed: Bullish Sentiment The bullish sentiment fueled by the Fear and Greed Index is a positive force. However, the risks of profit-taking, short-term holder behavior, and potential future miner capitulation cannot be ignored. The coming days will be crucial in determining whether Bitcoin can overcome these hurdles and propel itself to new heights or succumb to a correction. Miners: A Force To Be Reckoned With Meanwhile, miners – the lifeblood of the Bitcoin network – play a crucial role in price stability. When miner revenue dips, they’re forced to sell their BTC holdings to cover operational costs. This selling pressure can significantly impact the price. However, the good news is that miner revenue has been on an upswing recently, alleviating some concerns about a miner-induced sell-off. Featured image from Getty Images, chart from TradingView
Popular YouTube Co-founder Steve Chen is currently in the limelight as he revealed his support of the new Solana-based meme coin Pajamas (PAJAMAS), inspired by his beloved cat. This move marks Chen’s significant foray into the cryptocurrency landscape, indicating a shift from his prior emphasis on video technology to the ever-evolving digital currency market. Chen Supports […]
ENS’s proposal, dubbed “ENSv2,” will completely overhaul the network’s registry system, and transform it into a layer 2, an auxiliary network that provides cheaper transaction fees that is settled on Ethereum.
The Turbo memecoin surged by over 2,000% in the last three months, sending its market capitalization above $600 million.
Azalea joins a growing list of celebrities unveiling ties to alleged serial scammer Sahil Arora as a project with the artist’s name nets $300,000 in presale.
DeFi protocol Aave plans to launch an “Aave Network” chain after completing its V4 upgrade. Stani Kulechov, the lending protocol’s founder, revealed this in a May 27 social media post, saying: “This is not a drill, Aave Network is planned to come after V4.” While Kulechov failed to provide additional information about the plan, he […]
The post DeFi protocol Aave to launch bespoke blockchain following V4 upgrade appeared first on CryptoSlate.
The Ethereum co-founder asserts the crypto community's right to redefine "inflation" as the increase in currency supply, challenging traditional economic definitions and addressing misinformation.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 28. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The post Russia China Turning To USDT To Settle Deals Amid Sanctions appeared first on Coinpedia Fintech News
Russian firms are increasingly turning to stablecoins like Tether (USDT) to settle deals with China. Specifically, commodities firms in Russia, particularly those dealing with metals and timber, have found stablecoins to be an effective solution for cross-border transactions due to their swiftness and cost-effectiveness. Stablecoins help mitigate the risk of frozen overseas bank accounts, a …
Crypto exchange-traded funds could see over $100 billion of inflows in the next two years, the report said.
Between killer cars, speedy mobility options, and a vibe that really clicks, Fortnite Chapter 5: Season 3 is a tremendous upgrade.
In his latest video update on YouTube, renowned crypto analyst Rekt Capital delved into the complex dynamics surrounding Bitcoin’s halving events, articulating a compelling case for why the market has yet to fully price in the halving which took place on April 19. Drawing on historical data and patterns, Rekt Capital provided an in-depth analysis of the cyclical nature of Bitcoin’s price movements post-halving, suggesting that substantial growth phases still lie ahead. Why The Bitcoin Halving Is Not Priced In Rekt Capital began by revisiting the historical impact of Bitcoin halvings, which occur approximately every four years and reduce the block reward received by miners by half. This constriction in supply, if demand remains constant or increases, typically leads to a significant price increase. “The Bitcoin halving is not priced in,” Rekt Capital asserted, pointing out that each previous halving led to a rally that not only reached but also surpassed previous all-time highs. “The halving every four years always precedes a fantastic surge in Bitcoin’s price action towards new all-time highs,” he noted. This consistent pattern forms a compelling narrative that the post-halving market dynamics are predictable to a degree, yet complex enough to remain partially unanticipated by the market. “Two phases remain in the cycle: The Post-Halving Re-Accumulation phase (red) and the Parabolic Rally phase (green),” he stated. Related Reading: Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3% Focusing on the reaccumulation phase that traditionally follows each halving, Rekt Capital highlighted that this phase typically lasts about 160 days. During this period, the market often sees a consolidation of price before a breakout leads to a parabolic rally. “We are currently in a reaccumulation period again in this cycle. This is post-halving reaccumulation,” he stated, emphasizing the significance of this phase in setting the stage for the next bull run. The analyst elaborated on the nature of these cycles, noting deviations in the current trends compared to past cycles. “This cycle is exhibiting an accelerated rate, with new all-time highs appearing 260 days prior to the halving, a first in Bitcoin’s history,” he explained. Such deviations suggest that while historical patterns provide a roadmap, each cycle can introduce new dynamics that affect market behavior. Related Reading: Bitcoin Bargains: Expert Reveals Ideal Buy Zones For Maximum Gain Rekt Capital did not overlook the potential risks and market corrections that could occur. He warned of the initial rejection often seen after reaching the high range of post-halving prices, a trend noted in previous cycles. “Every time we’ve seen an initial attempt to get to the range high resistance after the halving, that first attempt after the halving is one that rejects,” he explained. This observation is crucial for investors expecting immediate gains post-halving, as it tempers overly optimistic expectations with a realistic view of possible short-term retracements. The analyst also addressed the issue of diminishing returns in successive cycles, a factor that seasoned Bitcoin investors watch closely. While each cycle’s peak has historically been higher than the last, the rate of growth has slowed. “If this was a one-to-one extension from what we saw in the previous cycle, getting us to $250,000 might be unrealistic this time around, and we are probably looking at a more subdued increase,” he predicted. Nonetheless, Rekt Capital maintained a bullish outlook for the long term, suggesting that while the explosive growth rates of early cycles might not repeat, the overall upward trajectory of Bitcoin’s price post-halving remains intact. “This is going to be the most parabolic phase of the cycle where we see those gains come very quickly in a short space of time,” he concluded, affirming the significant opportunities that lie ahead for Bitcoin investors. At press time, BTC traded at $68,561. Featured image created with DALL·E, chart from TradingView.com
Certain on-chain signs point to a potential white hat, or ethical hacker, looking for blockchain vulnerabilities.
The winds of change are blowing through the Russian cryptocurrency market. Following Binance’s exit in early 2024, a digital exodus has unfolded, with users scrambling to find new platforms to house their digital assets. This shift in allegiance, however, has presented an unexpected opportunity for local players, igniting a land grab for dominance in the […]
US Space Force Major Jason Lowery has made a bold assertion regarding Bitcoin, describing it as a potential weapon system and emphasizing its strategic importance for national security. Lowery, who is also a national defense fellow at MIT, has been vocal about the need for the US military to prioritize the investigation and integration of […]
The post US major predicts Bitcoin recognition as a weapon system as catalyst for $100 million price target appeared first on CryptoSlate.
BNB Chain loses $80K worth of Bitcoin in potential exploit, raising questions about the attacker's identity and intentions as a possible white hat hacker.
The post Possible BNB Chain exploit sees $80K in BTC lost appeared first on Crypto Briefing.
Glassnode defines Bitcoin whales as the number of unique entities holding at least 1k coins. Year to date, these whales have primarily been making withdrawals, influenced by Bitcoin US ETFs. Notably, in the past ten trading days, there have been significant outflows from US ETFs, but a new trend has emerged: whale deposits onto exchanges. […]
The post Sharp rise in Bitcoin whale deposits amid ETF outflows appeared first on CryptoSlate.
Hong Kong's Securities and Futures Commission (SFC) will conduct on-site inspections of those crypto trading platforms interested in continuing to pursue their licensing applications as a key deadline looms, the regulator announced Tuesday.
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.
BTC price action shows sensitivity to Mt. Gox events, leaving $69,000 unclaimed as new support — to the frustration of Bitcoin bulls.
FanTV, fastest-growing socialFi dApp went live on Sui Mainnet last week Sui’s total active accounts ballooned by an impressive 2.6 million in the past week, with FanTV contributing 48% of this growth Dubai, 28 May 2024 – FanTV, a leading SocialFi platform empowering the Creator economy, announced today a major milestone of onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform. This achievement accounts for 48% of the 2.6 million wallet growth on Sui over the last week. This significant growth highlights the successful impact of integrating blockchain technology with social media platforms, enhancing user engagement and expanding the reach of decentralized networks. FanTV’s integration of Sui marks a pivotal step in the mainstream adoption of blockchain solutions in the content streaming landscape. Founded by Prashan Agarwal, ex-CEO of Gaana (one of India’s largest music streaming platforms that raised $115M from Tencent), FanTV with its unique Create / Watch to Earn offering is bringing the web2 user experience to the web3 ecosystem. FanTV allows Users and Creators to earn points for engagement and content creation on the platform. The earned points are then converted to the platform token and can be used for platform utility like promotion of content, tipping creators, buying creator keys, subscriptions, etc. FanTV has more than 4 million users and over 20,000 creators. FanTV’s inclusion brings significant growth, onboarding more than 1 million wallets to Sui, and solidifying its role in onboarding the masses to Web3. Prashan Agarwal, Founder and CEO, FanTV, expressed excitement about hitting this milestone, stating, “Partnering with Sui has enabled us to deliver even greater value to our users. As the fastest growing consumer social dApp, FanTV is committed to pioneering new frontiers in blockchain technology, user engagement and new avenues for creator monetization. This surge in established wallets is just the beginning of what we can achieve together. Our vision is to decentralize the creator economy and this is a good step in that direction.” “Thanks to FanTV’s recent integration of Sui, we’re able to see the truth of Sui’s tremendous capacity to handle dramatic upticks in wallets seamlessly, without any interruption to user experience,” said Greg Siourounis, Managing Director of Sui Foundation. “This massive growth is a testament to the power of collaboration and innovation, and we are excited to witness continued growth and adoption within the Sui ecosystem.” With this amazing feat, FanTV plans to shift its gear on global expansion and onboard over 100,000 creators and 10 million users in the next 12 months. For more information about FanTV, please visit https://fantv.world. About FanTV FanTV is the next-generation content creation platform, enabling everyone to create, consume, and get rewarded. The platform bridges the gap between traditional video streaming platforms and Web3-enabled video streaming experience. FanTV believes every person is creative, yet isn’t resourced well to create or get discovered in an ocean of centralized platforms and this leads to the incentivization of only the concentrated few. We seek to change that by arming everyone to be a Creator with all the tools that foster creativity enabled by advancements in AI and decentralize the ownership and discovery of content. FanTV’s vision is to attract the next billion users to Web3 by empowering the creator economy and democratizing content ownership. About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io Name – Prashan Agarwal Company Name – FanTV Email – ashish.kashyap@fantv.in Website – https://fantv.world/ Location Dubai UAE