ETFs match last week’s inflows in just 3 days. ETH Dencun upgrade goes, ETH coins broadly fall. ETH L2 costs for trading decrease dramatically. SOL nears $100bn FDV as activity soars. SOL DEX volume now 3x ETH mainnet. MicroStrategy plans $500m raise to buy more BTC. Franklin Templeton releases memecoin paper. AEVO faces FUD about tokenomics.
As meme coins recovered from their 2023 lows, expectations for coins like Shiba Inu are rising, with price targets being set for $0.0001. Reaching this price level would be a new all-time high for SHIB, but there are a number of factors that will drive the growth needed to reach it. Shiba Inu Needs Demand […]
Digital collectibles platform VeVe goes deeper into the comic book game with a dedicated app that features Marvel Comics NFTs.
Bifrost and Stacks unveil a partnership to bring Bitcoin staking and a new stablecoin, BtcUSD, to enhance the Bitcoin ecosystem.
US voters who own crypto favor Donald Trump in the upcoming 2024 presidential elections, according to new surveys conducted by Paradigm. The research-driven investment firm said on March 14 that 48% of crypto holders plan to vote for Donald Trump, while 39% plan to vote for Joe Biden — with 13% undecided. That represents slightly […]
The post Crypto owners favor Trump over Biden in 2024 election with 9% divide appeared first on CryptoSlate.
PREVIEW: CCP Games CEO Hilmar Veigar Pétursson tells GG all about Project Awakening, the on-chain evolution of Eve Online.
The Dogecoin open interest rose to a new all-time high earlier in March, and while there has been a small retracement, the open interest has continued to maintain very high record levels since then. Given this continuous high level, it could point to where the price of the meme coin is headed next using historical data. Dogecoin Open Interest Maintains High Level Open interest is a measure of the total number of futures or options contracts of a particular coin in the market at a give time. It can help to tell how much money is flowing into that particular asset, thereby revealing if there a high or love interest in the asset. Related Reading: Bitcoin Whales Are Cashing Out Amid Push To New All-Time High On Dogecoin’s part, its total open interest has been rising over the last few months, especially as the crypto market recovered, as shown by data from Coinglass. A natural consequence of this was that the price was also climbing at the same time as the open interest and thus, there is a high correlation between open interest and price. The DOGE open interest hit a new all-time high of $1.47 billion on March 5, and the meme coin has not looked back since. Despite a small decline in the following days, the open interest is rising once again, reaching $.144 billion on March 14 and taking the price with it. While the rise in open interest does point to a lot of bullishness in the market, historical performance during times like these also calls for caution. Taking a look at what happened the previous times that the Dogecoin open interest hit new all-time highs could give an idea of where the price is headed next. Where Can DOGE Go From Here? Over the years, there have been various points at which the Dogecoin open interest has reached new all-time highs and a trend has emerged, in a manner of speaking. Looking as far back as 2021 when the open interest hit ATHs multiple time, this trend plays out similarly. A sustained rise until a new all-time high is reached, with the price rising along, and then followed by a crash in open interest, as well as price. This was the case in September 2021 when the open interest reached a new all-time high and then again in November 2021 when it clocked another ATH. Related Reading: Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year Moving forward, the same trend is seen in October 2021 when the DOGE open rose close to its previous all-time high, but ended the same way as the previous ones – with a crash. These crashes almost always affect the DOGE price as well, causing it to drop to the levels before the surge in open interest. If this pattern holds this time around, then a crash might be ahead for the Dogecoin open interest and the DOGE price by extension. A likely scenario is a 20% drop that could send the DOGE price back toward $0.15 before the crypto market picks up steam once again. DOGE bulls hold up price | Source: DOGEUSDT on Tradingview.com Featured image from Decrypt, chart from Tradingview.com
The distribution of Bitcoin’s supply across various cohorts — shrimps, crabs, fish, sharks, and whales — can help us understand how each market segment behaves. Shifts in Bitcoin’s supply among these groups are heavily correlated with price movements and broader market trends, which is why understanding them is essential when analyzing the market. Shrimps represent […]
The post From shrimps to whales: Who’s buying and selling during this rally? appeared first on CryptoSlate.
The top 15 countries leading the AI tokens narrative in 2024 also include the UK and Trkiye, with the favorite tokens being TAO and RNDR.
Taking to X, one analyst now says Bitcoin is inching closer to a critical juncture. This “Danger Zone” has historically coincided with sharp price corrections before Bitcoin halving events, raising concerns about a potential crash in the coming weeks. Bitcoin Approaching “Danger Zone” According to price charts, Bitcoin is trading above $72,400 when writing. However, as time […]
A continued Grayscale sell-off added downward pressure to hot U.S. inflation figures announced Thursday.
Carbonated Inc. reveals backing by Andreessen Horowitz and Com2uS as its iOS and Android game MadWorld begins testing.
Carbonated Inc. reveals backing by Andreessen Horowitz and Com2uS as its iOS and Android game MadWorld begins testing.
Despite U.S. sanctions, North Korea’s Lazarus Group has resumed laundering stolen crypto funds through Tornado Cash.
Hong Kong’s Securities and Futures Commission (SFC) has added Bybit to its list of suspicious virtual asset trading platforms and issued a public warning about its unlicensed operations. In a March 14 warning, the SFC said the platform is unlicensed and expressed concerns that Bybit has offered its products to Hong Kong investors. Unlicensed operations […]
The post Hong Kong adds Bybit to its list of suspicious crypto exchanges appeared first on CryptoSlate.
The issuer of the VanEck Bitcoin Trust this week dropped its management fee to zero for a limited time in an attempt to attract more capital to that fund.
“It hasn't always been easy, but I'm very happy that I stood my ground,” says Hodlonaut of his long legal fight with Craig Wright, who claimed, falsely, to be Satoshi Nakamoto.
The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims.
Once a vocal skeptic who scoffed at Bitcoin's future potential, Peter Schiff now admits he's missed the boat.
Bitcoin could enter a period of consolidation before its next leg in the rally, observers noted.
Bitcoin hits a new high at $73.1k with a 2% increase, while Ethereum remains steady at $4050 and Solana sees a similar surge to $154. TON, RBN, RUNE, and QNT emerge as top gainers, capturing market attention. BTC's unprecedented rise is fueled by a record $1 billion in ETF inflows, coinciding with Ethereum's Dencun upgrade promising significant changes for Layer 2 solutions.
Cetera Financial Group has introduced a new initiative aimed at supporting financial advisors with the integration of spot Bitcoin ETFs into investment strategies. The policy, revealed in a March 14 press release, marks a pivotal step in accommodating the growing investor appetite for investment options involving Bitcoin. Cetera has an impressive roster of over 12,000 […]
The post Cetera Financial Group unveils policy to allow Bitcoin ETF exposure for RIAs, brokers appeared first on CryptoSlate.
SOL’s bullish momentum persists, but its TVL remains much smaller than some of its competitors.
The dominance war is on. CoinMarketCap data shows that Solana and BNB Chain, two popular smart contracts platforms after Ethereum, are emerging as strong contenders. In a post on X, one crypto analyst notes that SOL and BNB, the native currencies of Solana and BNB Chain, respectively, have been growing, subsequently expanding the market caps of their respective platforms. However, even with this price uptick, it has yet to attain the 5% level, a target for proponents of the two platforms. Will Solana Flip BNB To Fourth? When the analyst shared the screenshot on March 14, BNB Chain, powered by Binance Coin (BNB), held a slight lead with a 3.34% dominance, while Solana trailed behind at 2.72%. Related Reading: Solana Smashes Major Resistance Levels, New All-Time High Imminent? However, Solana has been on a tear. Not only is the coin outperforming Bitcoin and Ethereum, but it has been expanding rapidly, faster than BNB in the past few trading weeks. When writing, CoinMarketCap data shows that SOL is trading above $170, a multi-month high. Moreover, it is up 11% on the last trading day and 20% in the previous trading week. At this valuation, SOL’s market cap is up 12% to over $75 billion, cementing its position at fifth, trailing BNB. On the other hand, BNB remains at fourth, behind USDT–the most liquid stablecoin whose market cap stands at over $103 billion. BNB is up 2% the previous day but double digits in the past week of trading. Overall, the lack of inactivity, especially on the last trading day, means its total market cap, at over $90 billion, is stable, only adding 2% on the last day. When comparing the performances of Solana and BNB, the former has the upper hand. For example, from September 2023, SOL gained over 200% versus BNB. BNB pared losses from January, but the revival in Solana, considering the success of meme coins, means SOL might extend gains in the future. Solana Rally On FTX’s Bankruptcy Case Proceedings, BNB Shakes Off Regulatory Woes As the competition intensifies, the future remains uncertain. It’s unclear whether SOL will overtake BNB to claim the second most dominant smart contract spot after Ethereum. However, at the time of writing, what’s certain is that the spike in on-chain activity on Solana and the unfolding events around the FTX bankruptcy case could bolster SOL prices. Therefore, it’s highly probable that Solana’s dominance might catch up with BNB as the race to the 5% level intensifies. Related Reading: Brace For Impact: MicroStrategy Is Planning Another $500 Million Bitcoin Purchase In November 2023, Binance settled with United States regulators, including the Securities and Exchange Commission (SEC), agreeing to pay a $4.3 billion fine. As part of the deal, their co-founder, Changpeng Zhao, also had to resign as CEO. While BNB prices initially plunged, the token recovered steadily from the $300 level. Feature image from Shutterstock, charts from TradingView
The world’s richest man, Elon Musk, has broken his silence on when customers will be allowed to use Dogecoin to purchase Teslas. Musk also explained why he is so fond of the meme coin and has continued to support it all this while. Tesla Will Enable Dogecoin Payments “At Some Point” While addressing employees at […]
U.S. presidential candidate Donald Trump is the prevailing favorite of voters who own cryptocurrencies, according to a poll commissioned by crypto investment firm Paradigm and released on Thursday.
Crypto ownership is not highly correlation to party affiliation, but it could make up its own voting bloc, Paradigm poll says.
Drift Protocol – a crypto spot and futures exchange that operates on the Solana blockchain – plans to expand into "pre-launch markets," too, with a service that lets traders bet on the price of tokens before they start officially trading.
The tech billionaire still calls Dogecoin “the people’s crypto.”
The tides are turning for Bitcoin. In a sign of growing mainstream adoption, Bitcoin exchange-traded funds (ETFs) are witnessing a record influx of capital, even surpassing the daily production of new Bitcoins mined. This surge in investment, totaling a staggering $1.05 billion on March 11th, has sent shockwaves through the financial world. Related Reading: Bitcoin […]