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Altcoins News
TronWeekly
4w
263
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Solana NFT Marketplace Solsniper Ends Operations After 3.5 Years
- Solana NFT marketplace Solsniper closes after 3.5 years, ending operations on June 13, 2025.
- All NFTs will be delisted, bids refunded, with leaderboard data preserved.
- Solsniper shifts focus to AI tools, Telegram bots, and memecoin trading.
- NFT market slowdown evident with 63% volume drop since December 2024.
- Solsniper started as an analytics tool, expanding to a mobile app and NFT marketplace on Solana.
- The company clarifies it's not shutting down entirely, just its NFT-related products.
- Pending bids and balances will be refunded, leaderboard data kept for future use.
- New products launched include AI bots for crypto trading.
- Solana blockchain's core infrastructure unlikely to be affected by Solsniper's closure.
- Shutdown reflects broader trend with other NFT platforms closing.
- DappRadar data shows a 63% drop in NFT trading volumes since December 2024.
- NFT market volatility highlighted by Solsniper's exit, emphasizing the need to adapt.
- Solsniper's pivot signifies the evolving nature of the NFT sector.
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Bitcoinist
4w
299
Image Credit: Bitcoinist
Ethereum Bullish Bets Rise: ETH’s Cash-Margined Open Interest Skyrockets To New Levels
- Ethereum experienced a bullish momentum after a period of bearish pressure earlier this week.
- ETH's price saw a pullback on Thursday, falling below $2,700 and converting it back into a resistance level.
- Glassnode reported a significant surge in Ethereum Cash-Margined Futures Open Interest to a new all-time high of $20 billion.
- The surge in open interest suggests a resurgence of activity in the derivatives market, signaling increased interest in ETH without relying on crypto-backed collateral.
- Traders are increasing leverage with stablecoins, indicating ongoing bullish bets despite a minor retreat from $2,800 levels.
- ETH's recent pullback brought its price below key support levels, turning them into strong resistance levels.
- The Cost Basis Distribution levels at $2,760 and $2,700 are now acting as robust resistance points, impacting ETH's price movements.
- Glassnode notes that the cost basis bands are more evenly distributed, ranging from $2,760 to $3,420, with a significant resistance at $3,417.
- If ETH can reclaim the $2,700 and $2,760 range, its path to $3,420 may reopen, but the pace depends on holders' responses in the $2,800–$3,300 zone.
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TheNewsCrypto
4w
156
Altcoins Lead $1B Crypto Crash Amid Escalating Middle East Tensions
- Altcoins, including Ethereum, Solana, and XRP, dropped sharply following Israel's airstrike on Iran, leading to over $1.15 billion in crypto liquidations.
- Bitcoin also declined but remained more resilient compared to altcoins, falling to $104,976 with concerns of a potential retest of the $100,000 level.
- Bitcoin led the liquidations at $449.95 million, followed by Ethereum at $301.92 million and Solana at $53.46 million, with a majority being long positions.
- Market sentiment turned bearish as the long-to-short ratio decreased to 0.9223, indicating a tilt towards bearish positions.
- Geopolitical anxiety led to a broader market impact with S&P 500 futures losing 1.9%, and gold and oil prices surging as investors sought safe-haven assets.
- Iran reported civilian and official casualties, leading to reduced odds of a nuclear deal with the U.S. as tensions rise.
- Some market participants anticipate a potential rebound, while others are monitoring upcoming U.S. CPI data to gauge market sentiment.
- The article also discusses the evolution of decentralized exchanges (DEXs), highlighting what's new for 2025 in the crypto space.
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TheNewsCrypto
4w
236
Shiba Inu Dev Confirms TokenPlayAI Partnership as Start of Broader AI Integration Strategy
- Shiba Inu lead Shytoshi Kusama confirms partnership with TokenPlayAI for AI integration strategy.
- Collaboration launches Shib.fun gaming platform enabling no-code game creation through AI.
- Kusama hints at more AI partnerships in a forthcoming white paper to expand the ecosystem.
- Partnership with TokenPlayAI marks the beginning of significant developments in the community.
- TokenPlayAI introduces an AI-powered gaming platform for decentralized gaming experiences.
- Shib.fun platform attracts early interest with 22,021 entities on the waitlist.
- TokenPlayAI offers token rewards for player engagement, driving user adoption.
- Shib.fun from Shiba Inu aims to revolutionize Web3 gaming with on-chain AI-driven gameplay.
- Kusama's focus on AI integration builds anticipation among the community.
- Partnership with TokenPlayAI advances on-chain gameplay experiences with AI tools for game creators.
- Upcoming AI-focused white paper to reveal more AI partnerships in Kusama's vision.
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TronWeekly
4w
216
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XRP Draws in Big Players with Nearly $1B Put in to Support Ripple
- Eight major companies, including Nasdaq-listed Trident and VivoPower, invested over $986 million in XRP for various purposes like faster payments and creating crypto treasury reserves.
- XRP is gaining corporate traction with institutions investing nearly $1 billion, showcasing its potential in real-world utility such as addressing cross-border payments and blockchain-based finance.
- The eight companies collectively invested over $986 million in XRP, with notable investments from Trident, Webus International, VivoPower, Wellgistics, and Hyperscale Data.
- Trident plans to raise $500 million for its XRP reserve, Webus International allocated an estimated budget of $300 million for XRP-related activities, while VivoPower secured $121 million for its XRP investment portfolio.
- Wellgistics made a $50 million XRP investment to enhance payment speed and build up its crypto treasury, and Hyperscale Data committed $10 million to XRP.
- These investments demonstrate the confidence of major companies in XRP, emphasizing its attractiveness beyond traditional crypto choices like Bitcoin and Ethereum.
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TronWeekly
4w
312
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Ethena (ENA) Technical Analysis: Entry at $0.32, Targets Set for 400% Gain
- Ethena (ENA) is currently down 13.62% at $0.3242, trading volume also decreased.
- Technical analysts see potential long opportunity with a bullish target up to $1.35.
- Price forecasts for 2025 show mixed views, with bullish and bearish scenarios.
- Analyst VipRoseTr suggests entry at $0.32 and $0.31 with a stop-loss at $0.18 and targets set at $0.80 to $1.35.
- The macroeconomic environment, including falling U.S. inflation, may influence crypto market sentiment.
- A deep dive into ENA's technical chart reveals Fibonacci retracement levels suggesting resistance and consolidation zones.
- Key Fibonacci levels include $0.850, $1.049, and $1.359, aiding in defining risk-adjusted entry points.
- The technical strategy is supported by a stop-loss at $0.18, targeting a return exceeding 400%.
- Price predictions for 2025 vary, with estimates ranging from $0.72 to above $1.35 based on different sources.
- DigitalCoinPrice foresees a potential rise to $1.52 for Ethena while CoinCodex is less optimistic.
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TronWeekly
4w
370
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PLUME Plunges 6% Under Due to Intense Bearish Action: Is the Bottom Close?
- PLUME token has declined by over 6% amid heavy selling and bearish sentiment.
- Technical indicators suggest the possibility of a short-term bounce.
- Analysts advise traders to be cautious due to low liquidity.
- PLUME's value decreased by 6.21% to $0.0988.
- Analysts anticipate a potential end to the downtrend soon.
- Bulls need to reclaim $0.1024 for any chance at recovery.
- Technical indicators show PLUME is oversold, with RSI at 30.20.
- MACD indicator forms a bearish crossover, supporting a negative outlook.
- Support levels for PLUME are at $0.0952 and $0.0915, while resistance is at $0.1024.
- Traders advised to trade cautiously and use proper risk management strategies.
- Liquidity in the PLUME market is low, rated at 4 out of 10.
- Traders should consider stop-loss levels and avoid over-sized risks.
- Oversold signs could lead to a temporary bounce for PLUME.
- Caution is recommended until a successful reversal is observed for PLUME traders.
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TheNewsCrypto
4w
4
Cardano’s Hoskinson Defends $100M ADA-to-USDM Treasury Conversion Against Market Concerns
- Charles Hoskinson defends the proposal to convert 140 million ADA tokens to USDM stablecoin through over-the-counter trades and time-weighted average price mechanisms.
- The plan aims to address stablecoin liquidity shortages in Cardano's DeFi ecosystem and generate 5-10% annual returns.
- Cardano's 9.65% stablecoin-to-TV ratio is significantly lower than Ethereum's 195.3% and Solana's 127.4%.
- Decentralized Representatives express concerns about market impact from the proposed token conversion.
- Concerns include unsustainable selling pressure and potential market value depression of ADA.
- Alternative solutions presented involve minting crypto-backed stablecoins to inject liquidity without direct ADA sales.
- Hoskinson dismisses worries about market impact by highlighting ADA's significant weekly trading volumes.
- Sophisticated trading mechanisms like OTC transactions and TWAP execution are proposed to minimize price volatility during the conversion.
- Cardano's stablecoin metrics reveal room for improvement in stablecoin utility within the ecosystem.
- Community members criticize Hoskinson's assertion that large-scale conversions can occur without price impact, citing general cryptocurrency market behavior.
- Hoskinson remains confident in Cardano DeFi's growth potential to absorb the treasury conversion without negative price effects.
- Addressing criticisms, Hoskinson emphasizes strategic timing and proper execution mechanisms to manage the conversion and support ecosystem development.
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TheNewsCrypto
4w
129
VeChain Falls After 50-Day EMA Rejection as Derivatives Show Weakening Interest
- VeChain experiences a 5% drop after failing to surpass the 50-day EMA resistance at $0.02609.
- Open interest decreases by 9.48% to $62.85 million, with long liquidations totaling $419,000.
- A price breakdown below the $0.02199 support level could lead to a decline towards the $0.02000 psychological level.
- The cryptocurrency currently trades at $0.02222, facing increased selling pressure and potential testing of critical support at $0.02199.
- VeChain's recent rally from last week's turmoil, resulted in a 16% surge, halted at the 50-day EMA at $0.02609.
- Technical indicators present mixed signals, with the 50-day EMA acting as a strong resistance level.
- The bearish trend is reinforced by declining trends across the 50-, 100-, and 200-day EMAs, suggesting limited upside potential until broader trend changes occur.
- The possibility of VeChain revisiting the $0.02199 support level is heightened, potentially dropping below $0.02000 if that level is breached.
- Derivatives data indicates weakening sentiment, as open interest diminishes, long liquidations increase, and bullish positions face significant liquidations.
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TronWeekly
4w
321
Image Credit: TronWeekly
BERA Token Falls by 12%: Bearishness Takes Charge Generating Alarm in the Market
- BERA token has fallen by 12% and breached a major support level, signaling a bearish trend in the market.
- Technical indicators like RSI, MACD, and ADX suggest continued downside momentum and high volatility.
- Analysts advise waiting for a confirmed price above $2.13 before considering trades with strict risk management.
- The latest technical analysis shows RSI nearing oversold territory at 31.55 and MACD indicating bearish momentum.
- Market volatility is evident with a Bollinger Bands spread of 38.08%, and the ADX at 41.0 confirms the ongoing declining trend.
- Key support for BERA is at $1.87; a break below could lead to further decline to around $1.74, while a recovery would require a rise above $2.13.
- Experts caution against long positions without clear trend reversal signals and advise managing risk carefully.
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Bitcoinist
4w
236
Image Credit: Bitcoinist
$500 Million XRP Power Play: Singapore Giant Plans Massive Treasury Move
- Trident Digital Tech Holdings Ltd, a Singapore-based firm listed on Nasdaq, plans to raise up to $500 million to build a large-scale XRP treasury.
- The project is set to commence in the second half of 2025, pending regulatory approval and market conditions, with funding coming from equity sales, strategic investments, and structured deals.
- The company intends to purchase XRP tokens and engage in staking activities to maximize returns, with discussions already underway with major players in the cryptocurrency space.
- Trident aims to establish a long-term corporate XRP reserve, utilizing blockchain tools to modernize cash management and provide transparent updates to shareholders.
- A trend in setting up XRP reserves is emerging with other firms like Webus International, VivoPower International, Wellgistics Health, and Hyperscale Data Inc. also making significant moves in this area.
- Challenges lie ahead for Trident as large token purchases can impact market prices and ongoing legal uncertainties surrounding XRP globally have led to investor caution.
- Trident's stock experienced a nearly 40% drop following the initial announcement, driven by concerns about share dilution and market volatility.
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TronWeekly
4w
214
Image Credit: TronWeekly
Ethereum’s Institutional Surge Signals $740K Potential: A Digital Oil Thesis Unfolds
- Ethereum is becoming the foundation of the digital financial system with significant institutional support.
- Over 80% of tokenized assets operate on Ethereum's network, showcasing trust in its security and decentralization.
- Ethereum is positioned as a productive digital infrastructure, similar to oil in an industrial economy.
- ETH has a theoretical valuation model suggesting a price of $740,000 due to its key role in tokenized global finance.
- Despite its importance, ETH currently trades below its peak, indicating undervaluation.
- Investors overlook Ethereum's fundamental role, seeing it as a speculative asset rather than essential infrastructure.
- Ethereum is transitioning from a passive value store to an active economic engine, offering various utilities beyond mere holding.
- Institutional acceptance of blockchain technology and clearer regulations are paving the way for Ethereum's increased institutional investment.
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TronWeekly
4w
22
Image Credit: TronWeekly
BlackRock Eyes XRP and Solana ETFs Amid Explosive Altcoin Momentum
- BlackRock faces mounting pressure to enter the XRP and Solana ETF race amid increasing excitement in the crypto investment space.
- ETF Store President Nate Geraci believes it's not a matter of if but when BlackRock will expand beyond Bitcoin and Ethereum into altcoin ETFs.
- XRP gains momentum following CME's launch of regulated futures, positioning it well for a potential spot ETF filing.
- Geraci suggests BlackRock, already a leader in Bitcoin and Ethereum ETFs, won't overlook the opportunity to extend dominance to altcoin ETFs like XRP.
- There are speculations that BlackRock might convert Grayscale's Digital Large Cap Fund, which includes XRP, into a standalone ETF for quicker market penetration.
- Market sentiment reflects strong investor expectations with a high probability of approval for a Solana ETF and XRP ETF.
- Bloomberg's Eric Balchunas hints at an 'Altcoin ETF Summer,' with Solana potentially leading the charge in the next wave of ETF approvals.
- Even with the buzz around altcoin ETFs, BlackRock remains focused on Bitcoin and Ethereum due to liquidity and maturity criteria.
- Various asset managers have submitted spot XRP ETF proposals, including Bitwise, 21Shares, WisdomTree, Grayscale, and Franklin Templeton.
- Approval for these proposals faces hurdles, with the SEC extending review timelines and requesting public comments on concerns around market manipulation.
- Internationally, offerings like Switzerland's AXRP ETP and the first spot XRP ETF approval in Brazil highlight XRP's global institutional appeal.
- As competitors progress and optimism grows, all eyes are on BlackRock to see if it will lead the charge into altcoin ETFs or risk falling behind.
- The evolving legal status of XRP and its expanding derivatives market could influence BlackRock's assessment of entering the altcoin ETF space.
- BlackRock's potential move into XRP and Solana ETFs comes as rival filings surge, hinting at a new phase in digital asset ETFs.
- Amid the growing interest in altcoin ETFs, the question remains whether BlackRock will make a strategic entry into this space to maintain its leadership position.
- BlackRock's decision to join the XRP and Solana ETF competition will be closely watched as the crypto investment landscape continues to evolve.
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Newsbtc
4w
245
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Daily Timeframe Says XRP Price Is On The Verge Of Breakout
- XRP price is showing signs of a potential breakout, with key resistance levels being tested for a possible surge above $2.33.
- Analyst Dark Defender points to a significant price shift on the daily chart, signaling a potential upward breakout for XRP.
- The resistance level above $2.3, if breached with a daily close above $2.33, could invalidate the downtrend and lead to further upside.
- XRP's 1-day price chart suggests a move towards a high of $3.39, a level not seen since the 2018 bull cycle, with a potential 61.43% surge.
- Rising Relative Strength Index (RSI) and EMA signals support a bullish scenario for XRP, indicating momentum building in favor of buyers.
- XRP's price action remains above key Exponential Moving Averages, hinting at a potential trend reversal favoring the bulls.
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Coindoo
4w
330
Image Credit: Coindoo
Coinbase Lists Fartcoin and Two Other Popular Altcoins
- Coinbase has listed PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN) on its platform.
- The new tokens can be bought, sold, converted, sent, received, or held on Coinbase.
- CAKE is an ERC-20 token on Ethereum, SQD runs on Arbitrum - an Ethereum Layer 2 solution, and FARTCOIN is based on the Solana blockchain as an SPL token.
- Coinbase enabled perpetual futures trading for Fartcoin on both Coinbase International Exchange and Coinbase Advanced.
- The exchange updated its asset roadmap to potentially include Sonic (S) as a new listing in the future.
- Worldcoin (WLD) support for send/receive features on Ethereum, Optimism, and the World Chain network was expanded by Coinbase.
- Coinbase aims to cater to market demand by offering a wider range of tokens across major blockchain networks.
- Coinbase's listing of Fartcoin indicates growing interest in memecoins among derivatives traders.
- Overall, Coinbase is expanding its ecosystem to provide access to a broader selection of tokens.
- The newly added assets are live on Coinbase's platform, including mobile apps for iOS and Android.
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