Phantom, a leading crypto wallet on the Solana blockchain, stated that a recently reported vulnerability does not pose a risk to user funds, following criticism from a security researcher known as @CloakdDev. In a public statement, Phantom apologized for communication delays and emphasized that it remains committed to security. It added: “We believe it does […]
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Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano. Related Reading: Trader’s Hot Take: XRP Branded The ‘Biggest Meme Coin’ In Crypto Chainlink could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin. Chainlink 30% Price Surge Analysts said that Chainlink has successfully positioned itself in the blockchain landscape after breaking the slump that saw the token at its lowest level this year and gaining momentum to surpass its March 2024 high of $22.87 Data showed that the crypto token’s price skyrocketed by 40% to hit $26.85 per coin. The come-from-behind rally also pushed the market capitalization to nearly $17 billion. Meanwhile, LINK was up 30% in the last seven days, data from Coingecko shows. Market observers noted that LINK’s gains to reach $26.87 have allowed the token to get over the resistance level of $22.87, which some analysts suggested the token could be moving towards a highly bullish condition. The cup and handle pattern method showed there is a high possibility that Chainlink would reach its target of $37, which an analyst explains, “The profit target for this pattern is calculated by measuring the depth of the cup and projecting the same distance upward from the breakout point.” WLFI Acquires More Tokens One of the reasons seen by crypto analysts that drive Chainlink’s price in an upward direction is the Trump-associated WLFI which bought a significant number of tokens. According to Nansen, about $4.6 million worth of LINK tokens were acquired by WLFI, bolstering their Chainlink holdings to more than $6.6 million worth of tokens. Some analysts pointed out the possibility of the US Securities and Exchange Commission (SEC) approving a Chainlink ETF if an application is submitted, noting that Trump’s crypto policy could positively affect these tokens. Moreover, data showed that WLFI holds $179 million worth of Ethereum tokens together with other assets like USD Coin, Tether, Wrapped Bitcoin, AAVE, Ethena, and Tron. It is estimated that WLFI has a portfolio that exceeds $322 million in value. Now that we have governance moving along really well, this year I’m going to focus deeply on three big themes for Cardano: 1) Bitcoin DeFi on Cardano (Market is 4 times the size of Ethereum and Solana combined) 2) 24/7 work on scalability, including Leios 3) Making Cardano a… — Charles Hoskinson (@IOHK_Charles) January 18, 2025 Related Reading: Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy Possible Cardano Partnership Another factor that contributed to Chainlink’s price surge is the rumor that Cardano will have a partnership deal with the token. No less than the Cardano founder, Charles Hoskinson, hinted that a potential collaboration is underway, saying they are looking to build more partnerships this year. According to Hoskinson, one of his goals this year is to make Cardano “a peninsula, not an island.” “Integrations, integrations, integrations. Already got a meeting with Chainlink on the books,” the Cardano founder said in a post. Featured image from CoinFlip.tech, chart from TradingView
ETH’s price momentum slows amid leadership disputes at the Ethereum Foundation and Solana's expanding DApp market share.
Shiba Inu (SHIB), the popular and second-largest crypto meme coin, is poised for a price surge as it has formed a bullish price action pattern on its four-hour time frame. In addition, the overall market sentiment appears to be shifting from a downtrend to an uptrend, with SHIB seeming to breach its prolonged consolidation or …
Brian Armstrong said his cryptocurrency exchange would delist USDt if Tether cannot comply with any new US legislation.
A Solana wallet tied to renowned blockchain investigator ZachXBT has been accused of withdrawing nearly $4 million from a memecoin project associated with his name. The controversy comes amid a community-led effort to raise funds for his investigative work. ZACHXBT token Blockchain data shows that an address allegedly belonging to ZachXBT, identified as investigations.sol, received […]
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Knowing when to buy and when to sell Bitcoin can be nerve-racking for investors, but a BTC macro cheat sheet from Cane Island Digital could ease the process.
A study by the Department of Veterans Affairs says that drugs like Ozempic can do plenty more than just help with weight loss.
The deal combines the issuers of the second-largest stablecoin and the largest onchain money fund by market cap.
Wingbits' aim is to offer rewards-based flight tracking using cryptographically-secured ADS-B receivers.
The US financial watchdog announced on Jan. 21 a task force aimed at developing a regulatory framework for digital assets.
Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, raising concerns among investors. As the broader crypto market shows signs of strength, Ethereum’s underperformance has sparked fears that this cycle may not deliver the returns many expected from the leading altcoin. Sentiment in the market is shifting, with some questioning whether Ethereum can reclaim its former dominance amid fierce competition from emerging projects. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target However, a closer look at key metrics offers a more optimistic perspective. According to the MVRV Pricing Bands chart, Ethereum is still far from its previous all-time high (ATH). This metric, which evaluates the market value relative to realized value, suggests that ETH has significant room to grow in the coming months. While the current price action may seem discouraging to some, historical data indicates that Ethereum often lags in the early stages of a bull market before catching up with explosive moves. For long-term investors, this could represent an opportunity rather than a setback, as Ethereum’s fundamentals remain strong and its ecosystem continues to expand. As the market anticipates the next phase of growth, all eyes are on Ethereum to see if it can reclaim its leadership role and deliver on its potential. Ethereum Preparing To Surprise The Market Ethereum has faced significant challenges over the past month, remaining in a downtrend since mid-December. The cryptocurrency has dropped as much as 29% in less than 30 days, testing the patience of investors as the broader market shows strength while ETH struggles to gain momentum. Trading below key supply levels, Ethereum’s performance has raised concerns about its ability to keep up with the overall crypto rally. Despite the bleak sentiment, some analysts see Ethereum’s current situation as an opportunity rather than a setback. Top analyst Carl Runefelt recently shared insights on X, pointing to the MVRV Pricing Bands chart as a key indicator of Ethereum’s potential. According to Runefelt, ETH is far from its all-time high (ATH), suggesting significant room for growth. He confidently stated that a $7,000 price target for Ethereum is only a matter of time, given its long-term fundamentals and historical market cycles. Runefelt also highlighted Ethereum’s readiness to change the bearish sentiment surrounding it. As the second-largest cryptocurrency by market cap, Ethereum’s extensive ecosystem and institutional adoption remain strong drivers for future growth. Related Reading: Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’ For investors with a long-term outlook, Ethereum’s current underperformance could represent a strategic entry point. With sentiment poised to shift and key metrics signaling room for growth, ETH has the potential to recover and reclaim its position as a market leader. ETH Price Testing Key Demand Ethereum (ETH) is currently trading at $3,302 following days of heightened volatility and sustained selling pressure. Despite the challenging market conditions, ETH has demonstrated resilience by holding above a key demand zone near the 200-day exponential moving average (EMA) at $3,127. This critical level has acted as a strong support, signaling that buyers remain active even amid market uncertainty. For Ethereum to reclaim bullish momentum, the price needs to break above the $3,520 resistance level with conviction. This move would not only reinforce confidence among investors but also pave the way for further upside. Holding above $3,520 is essential for confirming a shift in market sentiment and establishing a foundation for a sustained rally. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH As ETH navigates these pivotal levels, traders are closely monitoring its ability to maintain support and generate upward momentum. A successful push above $3,520 could trigger increased buying activity, potentially setting the stage for Ethereum to resume its uptrend. However, failure to clear this resistance could lead to continued consolidation, delaying a potential recovery. For now, all eyes remain on Ethereum as it tests key technical levels in a bid to regain its position as a top-performing asset in the crypto market. Featured image from Dall-E, chart from TradingView.
The official President Donald Trump memecoin called TRUMP launched on Jan. 17 and soared to a $72 billion market valuation within just two days. Backed by the Trump family, the crypto ignited significant public interest while simultaneously becoming a lucrative target for fraudsters. A report by Web3 security firm Blockaid highlighted the rapid escalation of […]
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The Official Trump (TRUMP), a recently launched meme coin on the Solana blockchain, is making waves and gaining significant attention from crypto enthusiasts. Today, January 22, 2024, the TRUMP meme coin is poised for significant upside momentum due to the formation of bullish price action on the hourly time frame. TRUMP Technical Analysis and Upcoming …
DOGE is being sued by an ethics watchdog, a nonprofit law firm, a federal workers union and a nonprofit members organization.
Buterin labeled inflammatory X posts about the head of the Ethereum Foundation as "pure evil."
Osprey Funds and Rex Shares have submitted filings to the US Securities and Exchange Commission for multiple crypto ETFs, including three focused on memecoins.
While Bitcoin short-term holders’ profit increased, panic selling was also evident around $100,000 despite clear technical support above $95,000.
President Donald Trump has signed an executive order to officially pardon Ross Ulbricht, fulfilling a key campaign pledge.
In a recent development, Robinhood Crypto announced on Tuesday that users in Spain can now use the platform’s trading, staking, and investing services. This marks the company’s latest expansion in Europe, after the implementation of the EU’s Markets in Crypto-Assets regulations. Johann Kerbrat, general manager of Robinhood’s crypto unit noted that in terms of total …
Cupertino, California, 21st January 2025, GamingWire
In a Tuesday announcement, the SEC admitted it “can do better” when it comes to crypto regulation.
The US Securities and Exchange Commission (SEC) announced the formation of a dedicated crypto task force on Jan. 21 — led by Commissioner Hester Peirce. Acting Chairman Mark Uyeda revealed that the initiative aims to create a comprehensive and clear regulatory framework for crypto assets, a much-needed step in a space marked by uncertainty and […]
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Glassnode’s Difficulty Regression Model estimates the cost to mine a single BTC at approximately $33,900.
The European Union's European Securities and Markets Authority wants nations in the EU to make sure that exchanges are complying with its stablecoin rules.
In a recent development, Circle has announced its acquisition of Hashnote, a leading issuer of tokenized real-world assets. Hashnote is the creator of USYC, a tokenized money market fund with over $1.3 billion in assets. The acquisition was finalized during the World Economic Forum in Davos, Switzerland. This move places Circle at the forefront of …
The day after Gary Gensler left his position and President Donald Trump was inaugurated, the U.S. Securities and Exchange Commission introduced a new cryptocurrency task force. This announcement, made today, criticized the regulator’s previous actions led by Gary Gensler. Hester Peirce of the SEC will head the task force aimed at setting a practical regulatory …
"I don't know much about it other than I launched it," Trump said. "I heard it was very successful. I haven't checked."
Clear regulations could transform US banks into key players in crypto payments, potentially reshaping the financial landscape.
The post Bank of America CEO sees US banks “come in hard” for crypto payments if regulations are in place appeared first on Crypto Briefing.
Amid the ongoing market volatility, XRP’s short sellers seem to be in trouble as market sentiment points toward a reversal. On-chain metrics suggest that the bulls are back in action, strongly supporting XRP, the native token of Ripple Labs. XRP’s Major Liquidation Area Data from the on-chain analytics firm Coinglass revealed that short sellers are …