A naukri.com initiative
Altcoins News
Coindoo
2d
355
Image Credit: Coindoo
Why Tokenization Could Be a Game-Changer for Crypto
- Bitwise Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen believe that tokenization is gaining momentum, with traditional financial giants like Coinbase and Robinhood getting involved.
- Hougan, once skeptical, now views the shift towards blockchain-based trading of real-world assets as inevitable, stressing the potential for markets to operate continuously with tokenization.
- BlackRock CEO Larry Fink's endorsement of tokenization for all financial assets has added legitimacy to the concept, contributing to its acceleration.
- Bitwise's analysis suggests that blockchains like Ethereum, Solana, Chainlink, and XRP are well-positioned for the tokenization trend, potentially leading to significant sector growth and investment opportunities.
Read Full Article
21 Likes
Coindoo
2d
125
Image Credit: Coindoo
Binance Reveals New Reserve Data for July
- Binance released its 32nd reserve data report for July, showing overcollateralization across major tokens.
- Reserves exceed user deposits with 102.51% of user BTC, 101.11% of USDT, 100% of ETH, and 111.79% of BNB.
- User behavior shifts noted with decreases in Bitcoin and Ethereum balances, while USDT holdings increased.
- Binance tracked tokens include Solana, PEPE, SUI, WIF, TRUMP, Ethena (ENA), and Hedera (HBAR) alongside flagship assets.
Read Full Article
7 Likes
TronWeekly
2d
305
Image Credit: TronWeekly
SUI Tests $3.20 Following Higher-Low Formation
- SUI has shown signs of a potential uptrend with a higher low formation around $2.90.
- Technical indicators like RSI and MACD suggest a bullish momentum for SUI, possibly breaking above $3.20.
- SUI is approaching a resistance level of $3.20 with stable trading volume, hinting at a possible rally towards $3.50 or higher.
- SUI surpassed Solana in stablecoin transfers, indicating increased utility and trust within its ecosystem.
Read Full Article
18 Likes
TronWeekly
2d
305
Image Credit: TronWeekly
Don’t Miss Out: These Are the 4 Top Cryptocurrencies to Buy Now in July!
- The crypto market is seeing strong interest in cryptocurrencies like Dogecoin, Stellar, Aave, and BlockDAG, with growing volumes and price movements boosting market optimism.
- BlockDAG (BDAG) stands out for its hybrid blockchain model, high transaction speeds, and community-focused growth, with a $2M Summer Raffle creating buzz among buyers.
- Dogecoin remains popular for micro-payments, Stellar is a preferred choice for cross-border payments, and Aave continues to lead in DeFi lending.
- BlockDAG, with over $333.5 million presale funding and an innovative blockchain approach, emerges as a top cryptocurrency for future gains.
Read Full Article
18 Likes
TronWeekly
2d
289
Image Credit: TronWeekly
Pi Network Faces Market Strain as Token Unlocks Outpace Demand
- Pi Network is facing market pressure as the token supply exceeds market demand, with only 2.5% of the total 100 billion Pi tokens currently tradable.
- As more tokens are unlocked, the Pi Coin's price is experiencing downward pressure, currently hovering around $0.4612.
- The network's lack of transparency around token release schedules and absence of a concrete proposal for the release of the remaining tokens are raising doubts among market participants.
- Community members are calling for supply management measures like token-burning to address inflation concerns, but the Pi Network team has not confirmed any such features yet.
Read Full Article
17 Likes
Coindoo
2d
144
Image Credit: Coindoo
Ripple Expands RLUSD Strategy With Major Bank Partner
- Ripple announced on July 9 a partnership with BNY to oversee RLUSD's cash reserves and support operational functions.
- BNY's integrated banking solutions aim to enhance RLUSD's credibility among institutional users, strengthening its role in cross-border payments.
- RLUSD, pegged 1:1 to the U.S. dollar, prioritizes speed, cost efficiency, and regulatory compliance, meeting the needs of enterprise clients.
- Ripple's strategic partnerships with banks like BNY and AMINA Bank, along with regulatory approvals, are driving RLUSD's adoption as a trusted stablecoin for global transactions.
Read Full Article
8 Likes
Bitcoinsensus
2d
329
Image Credit: Bitcoinsensus
Ripple Taps BNY Mellon as RLUSD Custodian Amid Stablecoin Legislation Push
- Ripple Labs has partnered with Bank of New York Mellon (BNY Mellon) to have the financial institution act as the primary custodian of its new stablecoin $RLUSD, aiming to deepen institutional trust and regulatory alignment.
- BNY Mellon's selection as the custodian for RLUSD signifies a move to enhance institutional adoption and trust for the stablecoin, with both Ripple and BNY Mellon focused on facilitating digital asset adoption at an institutional level.
- The partnership comes in the context of the U.S. Senate approving the Genius Act, leading to increased competition among stablecoin issuers to meet stringent reserve, audit, and compliance requirements outlined in the bill.
- With BNY Mellon managing RLUSD's reserves, which were previously handled in-house by Ripple's trust company, the stablecoin gains access to BNY Mellon's extensive assets under custody, strengthening its institutional footprint and compliance positioning amidst changing U.S. stablecoin regulations.
Read Full Article
19 Likes
TronWeekly
2d
387
Image Credit: TronWeekly
Hedera (HBAR) Breaks Above $0.169 as Bulls Eye $0.1779 Resistance
- Hedera (HBAR) surged 3.81%, surpassing $0.169 with bullish momentum targeting $0.175 to $0.1779.
- Technical indicators like RSI at 74.52 and MACD remaining bullish signal strong upward pressure despite overbought conditions.
- Open interest climbed to $225.98M, with volume hitting $267.01M, supporting a sustainable uptrend.
- Liquidation heatmap shows key clusters around $0.170–$0.1779, heightening chances of a short squeeze.
Read Full Article
23 Likes
Coindoo
2d
148
Image Credit: Coindoo
Pi Token Falls Despite Strong Buying – What’s Going On?
- Pi token recently fell to $0.46, a 1.57% decrease, amidst suspicions of deliberate price suppression.
- Unusual trading patterns show large sell walls at $0.459 and significant buy orders at $0.457, fueling manipulation speculations by large holders.
- The theory gained momentum after the release of 270 million Pi tokens on July 4, indicating a strategic move to create uncertainty and accumulate tokens at a discount.
- While Pi Network retains strong support, users are advised to remain cautious, especially during periods of high token movement and uncertain market behavior.
Read Full Article
8 Likes
TronWeekly
2d
2
Image Credit: TronWeekly
Ethereum Whale Sells 33,585 Staked ETH Institutions Accumulate ETH
- An Ethereum whale sold 33,585 staked ETH (~$85 million), likely as a strategic portfolio rebalance, not panic selling.
- The whale still holds around 100,000 ETH (~$260 million), with much still staked, indicating a potential rebalancing of the portfolio rather than a loss of confidence in ETH’s future potential.
- Mega whale holdings hit a 5-year high, growing 9.31% in nine months, reflecting growing long-term institutional interest in Ethereum.
- Institutional interest in Ethereum continues to rise with aggressive acquisitions by entities like Cumberland, further reinforcing optimism about Ethereum's future potential.
Read Full Article
Like
Bitcoinsensus
2d
313
Image Credit: Bitcoinsensus
Shiba Inu Price: Will SHIB Pump—or Drop Before It Pops?
- SHIB broke the last daily low on June 22 and entered a two-week accumulation phase.
- Liquidity is building both above and below, indicating potential sudden price moves.
- A strong daily supply zone with imbalance overhead could act as a resistance zone if reached too early.
- The article discusses the possibility of SHIB climbing but highlights the presence of a key supply zone and advises caution to avoid potential market traps.
Read Full Article
18 Likes
Newsbtc
2d
207
Image Credit: Newsbtc
Elon Musk Drops Epstein ‘Peanut’ Bomb — PNUT Coin Explodes 10%
- Elon Musk's social media post criticizing US authorities for ignoring names on the Jeffrey Epstein 'client list' led to a surge in Solana's PNUT token value.
- Musk's post, referencing a squirrel named Peanut, coincided with a 10% increase in PNUT token's value, reaching $0.23 at one point.
- The token's trading volume spiked by 80% to $215 million, with its market cap nearing $224 million amid a trading frenzy driven by Musk's viral meme.
- While PNUT's value rose rapidly following Musk's post, caution is advised as meme tokens like PNUT lack fundamentals and their gains could reverse quickly.
Read Full Article
12 Likes
TronWeekly
2d
152
Image Credit: TronWeekly
Ethereum (ETH) Gears Up for $2,875 Test; Will Bulls Break Through?
- Ethereum (ETH) price has risen by over 6.6% in a week, currently trading at $2,621.81, with bulls targeting $2,875 resistance.
- Increased open interest in ETH perpetual futures suggests growing trader sentiment.
- Analysts are monitoring the quarterly volume-weighted average price (VWAP) as a key resistance level that could spark broader bullish momentum in the crypto market.
- Lack of spot market confirmation poses a risk of a potential bull trap, with key support levels offering strategic entry points for buyers.
Read Full Article
9 Likes
Coindoo
2d
361
Image Credit: Coindoo
Pump.fun Token Sale Leaks Ahead of Official Announcement
- The highly anticipated Pump.fun token sale announcement was leaked, revealing that investors in Europe would be excluded from participating.
- Screenshots of the deleted announcement spread on social media, generating buzz about the upcoming token sale rollout.
- Another crypto exchange, Gate.io, had also accidentally disclosed similar launch details a day prior to Pump.fun's leak.
- Despite the unintentional disclosures, interest in Pump.fun's token sale remains high, with the market eagerly awaiting the official release on July 12.
Read Full Article
21 Likes
Coinpedia
2d
302
Image Credit: Coinpedia
Can Toncoin Flip $2.88 Barrier & Retest $5 In The Short-term?
- Toncoin (TON) is trading at $2.81, showing small gains with a 1.5% increase in the last 24 hours.
- The TON Foundation clarified its involvement in the recent 'golden visa' issue, but investor confidence remains low.
- Expert analyst Ali notes resistance at $2.88 for bullish momentum, with Toncoin's price action resembling a descending triangle pattern.
- While the possibility of Toncoin retesting the $5 mark in the short term exists if the descending triangle pattern breaks to the upside, technical indicators currently show neutral signals, indicating potential sideways movement.
Read Full Article
18 Likes
For uninterrupted reading, download the app