China’s room temperature time crystals could radically affect the timeline for the arrival of useful quantum computers.
DuelNow is the latest in a string of Web3 gambling venture deals amid surging activity on Polymarket.
International migration may spike in the future due to geopolitical instability, financial collapse or changes to the climate.
Solana (SOL) the world’s fifth-biggest cryptocurrency has outperformed Ethereum (ETH) in terms of price surge and trading volume over the last 30 days. Today, on August 1, 2024, a blockchain media outlet Wu Blockchain made a post on X (previously Twitter) stating that Solana has surpassed Ethereum in monthly Decentralized Exchange (DEX) trading volume. Solana …
Market volatility and geopolitical instability highlight the fragility of cryptocurrency investments, potentially deterring risk-averse investors.
The post Bitcoin drops 5%, triggers $312 million in liquidations amid Middle East tensions appeared first on Crypto Briefing.
MicroStrategy, a prominent Bitcoin holder, faces scrutiny regarding its cash flows ahead of its earnings report. On July 31, Michael Saylor, a prominent Bitcoin advocate, announced that the company would release its earnings on Aug. 1 after market close and host a live webinar to discuss the results. Cash flow concerns Bloomberg reported that MicroStrategy’s […]
The post MicroStrategy faces scrutiny over cash flow and Bitcoin holdings ahead of Q2 earning appeared first on CryptoSlate.
A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosu’s Sister Sparks New Memecoin Wave Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog. Related Reading: Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal Following the announcement, the crypto community saw the launch of several tokens inspired by the dog. Most of these tokens were deployed on Solana, initially pumping to millions in market capitalization. On its first day, the largest Solana-based Neiro meme coin reached a $100 million market cap. However, it has since plummeted over 80% to a market capitalization below $20 million, possibly due to the overabundance of Neiro tokens on the chain. The token was also heavily criticized after online reports called out alleged insider activity from the developers. Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the token’s supply and eventually sold it for $5.7 million. Since then, the meme coin has seen a massive 84% price drop, going from its all-time high (ATH) of $0.12 to trading at $0.019. Are The Dog Days Back? The Ethereum-based Neiro stole the show from its Solana counterparts. The token has seen remarkable growth in the last four days, hitting a $200 million market cap on August 1. Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros as a result. Additionally, the token reached a new ATH price of $0.20 after soaring 81% from the day before. Nonetheless, the developers of Ethereum’s Neiro have also been accused of insider trading. Following the massive surge, Bubblemaps alerted investors that the token allegedly “is heavily controlled.” According to the report, 78% of the memecoin’s supply was sniped at launch and quickly spread among 400 wallets. The firm revealed that the wallets had sold 12% of their holdings, around $4.5 million, by July 30. Investors seemed unfazed by the reports, with many calling the report “bullish news.” Others expressed excitement by the firm’s “fudding,” stating, “A lot of the most successful memes require supply control.” Related Reading: Solana Looks ‘Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming? Moreover, many investors consider “the dog days are back” and the “Doge legacy continues” with the Ethereum-based memecoin. To an X user, there are a few reasons why Neiro’s has become an overnight sensation, including its “SHIB-like narrative,” “concentrated attention,” and the “return of dog meta that always dominates Ethereum bull cycles.” As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
Morpho Labs has raised $50 million from over 40 investors, including Ribbit Capital, which also invests in Revolut, NuBank, Coinbase, Robinhood, Mercado Libre, Figure, and Uniswap.
The upheld extradition underscores global regulatory efforts to hold crypto leaders accountable, potentially reshaping industry oversight and trust.
The post Do Kwon extradition to South Korea upheld as Montenegro court rejects US request appeared first on Crypto Briefing.
The European Securities and Markets Authority released an opinion report to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesday.
The New York County District Attorney seized roughly $14,000 that Coin Dispute Network operators allegedly stole from users.
Melbourne, Australia, 1st August 2024, GamingWire
Galaxy Digital reported a net loss of $177 million for the second quarter, compared to a net profit of $1.6 million during the same period last year. Meanwhile, the firm’s net revenue for the second quarter stood at $53.7 million, down from $108.7 million in the same quarter last year. The firm largely attributed the […]
The post Galaxy Digital posts $177 Million net loss in Q2 amid market turbulence appeared first on CryptoSlate.
With major figures in the industry donating Bitcoin to endorse his campaign as the upcoming United States election draws closer, former president and presidential candidate Donald Trump has witnessed immense support from the crypto community. The latest donation towards Trump’s campaign came from Gary Cardone, a popular digital asset investor. Cardone Supports Trump With Bitcoin […]
The rise in DEX trading volume and market share signals a growing preference for decentralized and transparent crypto trading platforms.
The post DEX trading volume hits $186b in July, up 18% from June appeared first on Crypto Briefing.
Crypto bots are automatically rug-pulling memecoins, extracting billions in MEV and ruining airdrops for users and projects alike.
The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering empty promises to the industry and Harris is signaling a new openness.
Quick Take Bitcoin experienced a sharp decline to below $63,000 on Aug.1 following disappointing economic data, leading to significant liquidations in the market. Over the past 24 hours, $300 million has been liquidated, with over $277 million of these being long positions. In just the past hour, $40 million has been liquidated, predominantly from long […]
The post Economic woes drive Bitcoin below $63,000 appeared first on CryptoSlate.
Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation’s court of appeals Thursday.
Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency. With this current price movement, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment. This article provides an in-depth analysis by evaluating the current market sentiment around Chainlink, examining key technical indicators, and identifying critical support levels along with their implications for LINK’s price stability. As of the time of writing, it had a market capitalization of over $7.7 billion and a trading volume of over $243 million.LINK was down by 3.75%, trading at around $12.82. In the last 24 hours, both the asset’s market cap and trading volume have declined by 3.72 and 1.67, respectively. Assessing Current Market Sentiment Around Chainlink Considering the asset’s price movements, it seems the current market sentiment around LINK is still negative. The price, currently, is actively trading below the 100-day Simple Moving Average (SMA), heading toward the $12 mark on the 4-hour chart. This suggests that the bearish trend might continue. With more selling pressure, this position indicates that Chainlink is likely to decline further as long as it remains below the SMA. The 4-hour Relative Strength Index (RSI) signal line has successfully dropped below 50% into the oversold zone. This suggests that selling pressure is growing, and the asset might experience further downward movement towards the $12.44 level. On the 1-day chart, LINK’s market sentiment is also negative, with the price trading below the 100-day SMA. LINK is showing a bearish trend as it moves toward the $12.44 support level, having formed two bearish candlesticks. If the price breaks below this key level, it could signal further bearish momentum and potentially drive the price toward other support levels. Finally, the 1-day RSI has also dropped below 50%, which further supports the possibility of further price drop. This decline suggests that bearish pressure is rising, as sellers are still active and influential in the market. The fact that sellers are still active implies that LINK will probably continue to decline. Identifying Critical Support And Resistance Levels Chainlink is currently on a bearish path, heading toward the $12.44 support level. If the price breaks and closes below the $12.44 support level, it may continue its bearish movement toward the next support range at $11.10 and possibly even lower levels. However, if the digital asset encounters resistance at $12.44 and fails to break below, it could lead to a potential upward move, reaching the $15.25 resistance mark. Should the price rise above this level, further gains could occur, targeting the $17.96 resistance point and beyond. Featured image from YouTube, chart from Tradingview.com
Notcoin, a viral tap to earn game has announced that it will launch a story driven web 3. Notcoin will launch this game in collaboration with NFT collection Lost Dogs and TON based NFT marketplace Getgems. This brings a new shift to the strategies of Notcoin that gained 30 Million players on its clicker game …
The bullish news continued on Thursday morning, but sellers remained in control of the market.
The largest stablecoin issuer, Tether, recently disclosed a record net profit for the first half of this year. This is undoubtedly bullish for Bitcoin, considering the company’s commitment to accumulating the flagship crypto with some of these profits. Tether Records Net Profit Of $5.2 Billion Tether revealed in its Q2 Attestation Report that it recorded […]
DWF Labs, a prominent crypto trading and market-making firm, is preparing to enter the booming stablecoin sector. In an Aug. 1 statement on social media platform X, Andrei Grachev, the firm’s managing partner, stated: “Following our plans to be a global web3 financial institution, I am happy to announce that DWF Labs is working on […]
The post DWF Labs to debut synthetic stablecoin amid sector’s explosive growth appeared first on CryptoSlate.
BTC price weakness fails to resolve the day after FOMC with Bitcoin liquidity grabs still the main talking point for traders.
The trading volume was largely boosted by new TradFi institutions, along with the launch of the first spot Ether ETFs.
In this ongoing bearish market sentiment, the Curve DAO (CRV) is gaining massive attention from investors and traders due to a significant price surge. Amid this upward momentum, a whale caught moving notable CRV tokens from Binance, as reported by an on-chain analytic firm Lookonchain. Whale moves 5.5 million of CRV from the exchange Today, …
The crypto market pulled back from the first-quarter's record highs during the three-month period.
The combination of political support, institutional adoption and favorable economic policies sets the stage for a potentially significant upward trajectory.
RippleX has announced that OpenEden will introduce tokenized U.S. Treasury bills (T-bills), a short-term government debt obligation backed by the U.S. Department of the Treasury, to the XRPL and its users for the first time. In the wake of this huge development, the XRP community has been issued an alert, as scammers might leverage the …