While the recent correction in the cryptocurrency market has caused prices of various digital assets like Bitcoin and Ethereum to hit multi-month lows, XRP has managed to show resilience. Despite briefly dropping below $0.50, XRP has actually seen a 3% increase over the past two weeks based on CoinGecko’s data. This has led to analysts
Impact
The recent surge in Bitcoin price above $62,000 has led to a shift in investors’ position and sentiment, according to on-chain analytics site Santiment. Traders on the Binance platform are reportedly moving from liquidated shorts to long positions after the price increase. While this change may signify renewed optimism in the premier cryptocurrency, Santiment has
The recent slump in Bitcoin post-Halving has had an impact on Solana meme coin traders, leaving many feeling blue. However, in a surprising turn of events, a new depressed rodent token named Sad Hamster has seen its price, denoted as HAMMY, explode overnight. The Sad Hamster meme has gained significant traction in the Solana meme
Eigenlayer, the leading project in Ethereum Restaking, is gearing up to launch its airdrop for collection on May 10th. BingX Exchange, a well-known crypto exchange, will be listing Eigenlayer’s token $EIGEN for trading immediately after the airdrop. The Significance of Eigenlayer in 2024 Eigenlayer has emerged as the most substantial Restaking project on Ethereum in
Rep. Maxine Waters has put forth the suggestion that Ms. Kristin Johnson, who currently serves as a Commissioner of the US Commodity Futures Trading Commission (CFTC), be nominated for the position of Assistant Secretary for Financial Institutions at the US Department of Treasury. Waters highlighted Johnson’s expertise in financial regulation and her dedication to maintaining
Crypto prediction website Telegaon has recently made a bold prediction regarding the future price of Cardano (ADA). According to their analysis, Cardano is expected to reach an impressive $45 by the year 2050. This prediction represents a substantial 8,900% price gain from its current level, which is sure to attract the attention of ADA holders
Coinbase recently announced a staggering revenue of $1.64 billion in the first quarter, surpassing the initially expected $1.34 billion. This remarkable surge in revenue coincided with a robust Bitcoin rally that has made a significant impact on the entire crypto market. The company’s earnings per share were reported at $4.40, well above the average analyst
In the fast-paced world of Web3, innovation and creativity are key drivers of success. One of the industry pioneers leading the way is Imaginary Ones, a blockchain-based platform that is reshaping the landscape of art, storytelling, and community engagement. With their recent milestone of 2 million downloads for their mobile game Bubble Rangers, Imaginary Ones
Recently, Fintech giant Block, which oversees Square and Cash App, has come under the radar of federal prosecutors from the Southern District of New York. Allegations of significant compliance failures have surfaced, following disclosures by a former employee regarding lapses in the company’s transaction monitoring systems. The alleged mishaps involve Square processing transactions with entities
Bitcoin has recently broken below the $60,000 support level for the first time in two months, signaling a potential shift in market sentiment. The euphoria that surrounded Bitcoin for the past 6.5 months seems to be fading, according to a new report from Glassnode. This shift is evident in the increasing distribution of BTC into