Tokenization initiatives from BlackRock, JP Morgan and others presage a revolution in payments, wealth management and other key activities of Wall Street, says author Annelise Osborne.
The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.
Quick Take The aggregate supply of the top five stablecoins has reached $150 billion in market capitalization, with USDT (Tether) and USDC (USD Coin) leading the pack at $110 billion and $34 billion, respectively. BUSD, DAI, and TUSD make up the remaining $6 billion, with DAI at around $5.3 billion. Since the start of the […]
The post Top five stablecoins near all-time high with $150 billion market cap appeared first on CryptoSlate.
Airdrop squatters are creating fake accounts on platforms for the sole purpose of farming airdrop tokens, thus taking away share from loyal users.
Crypto analyst JackTheRippler has raised the possibility of the XRP price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights. How XRP Price Could Rise To $100 JackTheRippler suggested in an X(formerly Twitter) post that the XRP price hitting $100 was “inevitable” once the case between the Securities and Exchange Commission (SEC) and Ripple came to an end. Furthermore, he predicted that XRP could rise to as high as $10,000, claiming that the crypto token hitting five figures was achievable after the lawsuit. Related Reading: Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading The analyst’s remarks again highlight the belief among members of the XRP community that the SEC’s lawsuit against Ripple has greatly hindered XRP’s growth. Specifically, the lawsuit is believed to be why XRP underperformed in the 2021 bull run, having made remarkable strides in the 2017 bull run (long before the lawsuit was instituted). Meanwhile, in his remarks, JackTheRippler alluded to XRP gaining regulatory clarity once the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who pointed out that it had gotten clarity following Judge Analisa Torres’ ruling that XRP isn’t a security. Interestingly, XRP has failed to mount any significant run despite gaining this clarity last year. This is one reason why some XRP holders seem to have lost faith in the crypto token, as expectations were high following Judge Torres’ ruling. However, nothing much happened as the crypto token briefly rose on the back of the ruling but steadily declined in the following weeks. Therefore, these holders will likely be cautious about getting their hopes high despite JackTheRippler’s optimism since XRP could still maintain its unimpressive price action even after the SEC’s lawsuit is over. The SEC’s Lawsuit May Not Be Ending Anytime Soon Meanwhile, it is worth noting that the case between the SEC and Ripple could even drag on beyond this year, irrespective of the outcome of the penalties stage, as both parties are likely to appeal certain rulings. This means that XRP holders might have to wait a while to see if the crypto token hits $100 based on JackTheRippler’s prediction. Related Reading: Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed? If the case is prolonged beyond this year, XRP could miss out on achieving its true potential in this bull run if the lawsuit is indeed acting as a stumbling block to its progress. The lawsuit has, however, not stopped crypto analysts like Egrag Crypto from making bullish predictions for XRP in this bull run. He predicts the crypto token could rise to as high as $27 at this market peak. At the time of writing, XRP is trading at around $0.54, up over 2% in the last 24 hours, according to data from CoinMarketCap. XRP price shows bullish momentum | Source: XRPUSDT on Tradingview.com Featured image from Bitcoinist, chart from Tradingview.com
Detained Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, following an Abuja court’s ruling to postpone a scheduled bail hearing until after he is tried on money laundering charges.
Once dismissed as a fad, Meme coins are now emerging as serious contenders in the crypto market. In a recent post on X, an analyst boldly predicted that meme coins like Dogecoin, Shiba Inu, and Bonk are not just here to stay but are poised to command at least $100 billion in market cap in the […]
Stratos VC firm reveals a 109% net return in Q1, driven by Solana and memecoin investments, with a focus on Layer-2 Bitcoin solutions.
The post Venture capital firm reports 109% net growth Q1 boosted by meme coins appeared first on Crypto Briefing.
Leading US nonprofits are increasingly accepting crypto donations, marking a significant shift in charitable giving trends, according to a BanklessTimes report. Two out of the three top US-based charities have accumulated over $2 billion in donations since the start of the year after they began accepting crypto funds. Tech-savvy donors Bankless Times CEO Jonathan Merry […]
The post Crypto donations in the US hit $2 billion after top charities accept digital contributions appeared first on CryptoSlate.
In a post on X, one analyst has picked out a key on-chain metric that could signal the beginning of a strong leg up, similar to the explosive gains 2017. Currently, Bitcoin prices remain steady and edging higher. However, the coin failed to register sharp upswings, as most traders had predicted before the Halving event on April 20. Flow Indicator Dips: A Bull Run In The Making? Taking to X, the analyst said there has been a sharp drop in the 7-day average Flow indicator at leading crypto exchanges like Coinbase and Binance. When this was highlighted, the Flow indicator pointed to a decline from 161,000 to 76,000 BTC, a nearly 50% drop. Interestingly, a similar pattern emerged in 2017 before Bitcoin embarked on a historic bull run. Related Reading: Akash Network (AKT) Leads Crypto Top 100 With 46% Rise Today: Here’s Why The analyst said the Flow indicator dropped to 64,500 BTC across exchanges days and weeks later before prices exploded to around $20,000 in December 2017. For now, only time will tell if Bitcoin is preparing for a strong leg up. The coin remains within a bear formation, looking at the candlestick arrangement in the daily chart. Even though prices rose after Halving Day on April 20, sellers are in charge. As it is, the April 13 bearish engulfing pattern continues to define price action. Technically, a close above $68,000 might be the foundation for a rally towards $74,000 in the days ahead. Bitcoin Supply Rapidly Shrinking While the Flow indicator points to declining BTC across exchanges, another analyst has discovered an interesting development. Taking to X, another analyst noted that the available Bitcoin supply dipped below 4.6 million for the first time before April 20, when the network halved miner rewards. Since Halving reduces daily emissions by half, even if the current demand is sustained, the analyst says a supply squeeze will drive prices higher. Even so, as mentioned earlier, whether BTC will rally depends on the pace at which immediate resistance levels are cleared. Historically, prices tend to rally a few months after Halving Day. However, in the past few months, there have been notable deviations. For instance, prices soared to all-time highs before Halving Day. This is the first time this has happened. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit Finally Coming To An End With A Settlement? Beyond technical formations, the United States Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs in January 2024. Through this product, institutions are free to gain exposure through shares. These shifting dynamics will shape price action in the current epoch, possibly leading to new deviations from historical performances. Feature image from DALLE, chart from TradingView
SKALE Network reported $3.1B in Q1 fee savings, a surge in user activity, and strategic partnerships in 2024
The post Gasless EVM blockchain SKALE Network reaches 17 million unique users appeared first on Crypto Briefing.
Ether faces subdued demand as investors’ expectations of a spot ETH ETF approval continue to slump.
Financial advisers Legacy Wealth Management and United Capital Management of Kansas have each invested $20 million in shares of the Fidelity Wise Origin Bitcoin Fund (FBTC).
Amid election turmoil, state-run oil firm PDVSA is using USDT. But Tether vows to follow the law and block transactions.
A group of Brazilian developers managed to recover funds from a compromised wallet by applying MEV techniques.
The post Developers recover $200,000 in crypto from compromised wallet appeared first on Crypto Briefing.
Jack Dorsey's Block has completed its Bitcoin mining chip development, aiming to decentralize mining hardware supply and improve performance.
The post Jack Dorsey’s Block completes development of 3nm Bitcoin mining chip, now targets full mining system appeared first on Crypto Briefing.
Crypto analyst Bluntz Capital has predicted a strong price surge for Bitcoin in the coming days, and a new all-time high could be in the books. Bluntz dropped his two cents on Bitcoin’s trajectory on the social media platform X, amidst various price outlooks for the cryptocurrency in recent days. Bluntz is well known for […]
Stablecoin issuer Tether told CryptoSlate that the firm would freeze any addresses linked to sanctioned entities. This decision comes in response to reports indicating that some state actors were leveraging Tether’s USDT tokens to circumvent US sanctions. A spokesperson for the firm said: “Tether respects the Office of Foreign Assets Control (OFAC) SDN list and […]
The post Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows appeared first on CryptoSlate.
A historical pattern currently forming in a Bitcoin on-chain indicator could suggest that a top may be near for the asset, if not already in. Bitcoin SOPR Ratio Is Forming A Historical Top Pattern Right Now In a CryptoQuant Quicktake post, an analyst has discussed about a pattern regarding the SOPR Ratio. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether the Bitcoin investors are selling their coins at a profit or loss right now. Related Reading: Ethereum To See Fresh Move Soon? What Futures Data Says When the value of this metric is greater than 1, it means that profit-selling is dominant in the market currently. On the other hand, the metric being under the threshold suggests the average holder is moving coins at some net loss. In the context of the current topic, the SOPR itself isn’t of interest; rather, it is a different version called the SOPR Ratio. The name may be a bit confusing as SOPR already contains a “ratio,” but the latter ratio here corresponds to the fact that this indicator compares the SOPR of two Bitcoin cohorts: the long-term holders (LTHs) and short-term holders (STHs). These investor groups make up for the two main divisions of the BTC market done based on holding time, with 155 days being the cutoff between the two. The STHs are those who bought within the past 155 days, while the LTHs include the HODLers carrying coins for longer than this timespan. Now, here is a chart that shows the trend in the 7-day moving average (MA) of the Bitcoin SOPR Ratio over the history of the cryptocurrency: The 7-day MA value of the metric seems to have turned around towards the downside recently | Source: CryptoQuant As displayed in the above graph, the 7-day MA Bitcoin SOPR Ratio had been heading up throughout 2023 and early parts of 2024, but recently, the metric has hit a top and reversed its direction. Whenever the SOPR Ratio is higher than 1, it means the LTHs, who are generally known to be resolute hands, are participating in a higher degree of profit-taking than the STHs. It would appear that as BTC had observed its rally and approached a new all-time high (ATH), these diamond hands had started harvesting some of the gains they had earned over their long holding time. And once the price set a new ATH, these investors participated in peak profit-taking. Since then, their profit-selling has been dropping off, although they are still harvesting notably higher gains than the STHs. In the chart, the analyst highlights how this pattern has been repeated at different points in the asset’s history. While the scale of the peak LTH profit-taking has been heading down over the cycles, it’s still true that the metric’s top has coincided with tops in the price during each of them. Related Reading: Dogecoin To $1: Analyst Thinks Dream Milestone Could Be Hit In Coming Weeks As the line drawn by the quant suggests, it’s possible that the latest peak in the metric may have in fact been the top for this cycle. This is only, however, assuming that the pattern of diminishing returns in the indicator holds to the exact degree judged by the line. It’s possible that the peak will still be higher than the current levels, while at the same time being lower than the previous cycle’s peak, thus still being in-line with the historical Bitcoin pattern. Whatever the case be, though, the fact that the SOPR ratio has apparently hit a top could still be a bearish signal, if only in the short term. BTC Price Bitcoin has been making some steady recovery over the last few days as its price has now surged back above $66,100. Looks like the price of the asset has been going up over the last few days | Source: BTCUSD on TradingView Featured image from Maxim Hopman on Unsplash.com, CryptoQuant.com, chart from TradingView.com
The commission will have until June 11 to decide on the Cboe BZX Exchange listing and trading shares of the Franklin Ethereum Trust.
Bitcoin price has gained 58% since January, but Unchained researcher Joe Burnett says there are plenty of reasons for investors to keep buying BTC.
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022.
Five new editors were added to help speed up the process of approving and merging Bitcoin Improvement Proposals.
Quick Take The SEC’s 13F filings, which require institutional investors managing over $100 million in assets to disclose their equity holdings quarterly, reveal a growing interest in the newly launched spot Bitcoin ETFs in Q1 2024. Institutional investors have been acquiring shares in these ETFs, with two advisors, Legacy Wealth Asset Management and United Capital […]
The post Fidelity’s Bitcoin ETF attracted major institutional investors in Q1 appeared first on CryptoSlate.
The post Solana Holds Above $150 Amid Mixed On-Chain Metrics: Here’s The Next Price Level For SOL appeared first on Coinpedia Fintech News
Recently, Solana (SOL) has attracted considerable interest as its price has consistently recovered from previous lows. This positive trend followed Bitcoin’s recovery toward the $66,000 mark. Despite this bullish market sentiment, Solana has experienced a decline in its crucial on-chain metrics. However, several metrics continue to build strong buying demand for Solana, creating a mixed …
“Having an eye on the horizon makes things less crazy,” says the Consensus 2024 speaker.
With the crypto market on the rise once again, XRP has seen positive headwinds and this has triggered an improvement in sentiment among investors. This positive recovery has seen more crypto investors move to acquire the altcoin, pushing a very important holder cohort toward new all-time high levels. Wallets Holding More Than 1 Million XRP Nears ATH Over the last year, there has been a lot of selling among XRP investors as the price continued to struggle. This poor performance continued despite Ripple securing multiple partial victories against the United States Securities and Exchange Commission (SEC), prompting investors to jump ship. Related Reading: Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed? One XRP holder cohort that witnessed a lot of selling is the addresses holding at least 1 million XRP tokens. At current prices, it would mean that these wallets are holding at least $500,000 on the lower end of the cohort, making this the cohort that includes the dolphins and whales. The number of addresses holding at least 1 million tokens had hit its all-time high back in June 2023. But with the price falling, these large holders began to sell, and at one point, the number of wallets sat around 50 wallets below its all-time high of 2,014. However, with the crypto market moving toward another bull market, expectations are that the price of XRP will follow the rest of the market, prompting large investors to return. Data from Santiment, an on-chain data aggregation platform, shows that over the course of 2024, the number of wallets holding 1 million tokens or more rose steadily and by April, this figure is now sitting at 2,013, one wallet away from reaching its previous all-time high, and two wallets away from setting a new record. Why Are Large Investors Returning? One reason why large investors are returning to XRP could be that the indicators are finally turning bullish for the altcoin. There was also an opportunity for these investors to buy the tokens for cheap when the market crashed and altcoins like XRP suffered almost 40% losses. Related Reading: 3 Major Metrics To Watch Out For That Can Impact Ethereum Prices Popular crypto analyst TonyTheBull took to X (formerly Twitter) to reveal the significance of this price crash. According to the analyst, it was the final capitulation shakeout for the altcoin. Comparing it to a similar shakeout in 2017 shows that after this, XRP could go on a massive rally. No, this was the final capitulation shakeout in $XRP https://t.co/Z0uQ2GhS7v pic.twitter.com/qfWC6H8DNv — Tony “The Bull” Severino, CMT (@tonythebullBTC) April 23, 2024 The large investors could be expecting this rally as well, hence, why they have been buying up large amounts of coins. If the 2017 rally is anything to go by, then the XRP price could quickly barrel through $1, printing significant returns for investors. Price trends toward $0.6 | Source: XRPUSDT on Tradingview.com Featured image from U.Today, chart from Tradingview.com
On-chain data shows the number of big money investors has gone up for XRP recently, something that could be bullish for the coin’s price. XRP Holders With At Least 1 Million Tokens Are Back Near All-Time High According to data from the on-chain analytics firm Santiment, the amount of XRP wallets carrying at least 1 […]
The defunct crypto exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after its implosion due to a hack.