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Altcoins News
99Bitcoins
4w
35
The Secret Reason Tether Is Buying Billions in Bonds: Paolo Ardoino Reveals Tether Is 7th Largest Buyer
- Without stablecoins like USDT, the $2.8 trillion crypto market would be significantly devalued.
- Tether's purchase of $33 billion in US Treasuries in 2024 makes it the 7th largest buyer of US bonds worldwide.
- The move aligns with potential US stablecoin regulations like the GENIUS Act, requiring collateral in US debt.
- Tether aims for financial stability, compliance, and market position through strategic Treasury accumulation.
- Tether's CEO, Paolo Ardoino, reveals the intention to comply with regulations and strengthen the company's foothold in the financial system.
- Tether's focus on compliance includes hiring a CFO to prepare for a full financial audit.
- USDC poses a threat to USDT's dominance if Tether fails to comply with US laws and regulations.
- The GENIUS Act signifies a potential requirement for stablecoin issuers to hold US debt as collateral for tokens.
- Tether's purchase of Treasuries not only aims for financial gain but also to uphold industry standards and regulatory engagement.
- The crypto market's dependence on stablecoins like USDT highlights the importance of compliance and transparency for stablecoin issuers.
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TheNewsCrypto
4w
97
Image Credit: TheNewsCrypto
Bounce Token (AUCTION) Records 83% Weekly Surge, Bulls Eye Further Gains
- Bounce Token (AUCTION) price has surged by nearly 83% in the last week, showing strong bullish momentum.
- The price is currently trading above the key moving averages, indicating positive momentum.
- Technical analysis suggests that the price is likely to reach new highs in the future.
- With increasing token holder count and strong bullish indicators, the price has potential for further gains.
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5 Likes
99Bitcoins
4w
289
Pump.fun Launches PumpSwap on Solana: Is This the End of Raydium (RAY)?
- Pump.fun played a significant role in boosting Solana through meme coins like Bonk and BOME, leading to SOL price surges.
- PumpSwap, a DEX launched by Pump.fun, directly competes with Raydium on Solana, potentially impacting its dominance.
- PumpSwap aims to provide a seamless token-swapping experience with zero migration fees and revenue sharing for creators.
- Raydium, previously benefiting from meme coin trading, might face a revenue hit as tokens migrate to PumpSwap.
- The launch of PumpSwap caused Raydium's native token RAY to drop by 11%, reflecting potential challenges ahead.
- Raydium's response to PumpSwap is LaunchLab, offering diverse features like multi-token support and fee locking for liquidity.
- Raydium emphasizes remaining competitive and adaptable, relying on a broader user base beyond just meme coins.
- While PumpSwap aims to disrupt the status quo, Raydium's established presence and versatility may help it withstand the competition.
- The dynamics between PumpSwap and Raydium highlight the evolving landscape of DEXs and meme coin trading on Solana.
- Ultimately, the battle between PumpSwap and Raydium raises questions about the future of decentralized exchanges on the Solana blockchain.
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99Bitcoins
4w
405
Metaplanet Appoints Eric Trump To Strategic Board In Bid To Lead Global Bitcoin Economy
- Metaplanet, a Japan-based Bitcoin investment firm, has appointed Eric Trump, son of former U.S. President Donald Trump, to its strategic board of advisers.
- Metaplanet aims to become a global leader in the Bitcoin economy and has set a goal to accumulate 10,000 BTC by the end of 2025.
- Following the announcement, Metaplanet shares surged 17.8% on the Tokyo Stock Exchange.
- Metaplanet's aggressive Bitcoin acquisition strategy positions it as one of the major corporate holders of Bitcoin.
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24 Likes
99Bitcoins
4w
66
Australia Proposes New Crypto Framework And Pledges Action On Debanking
- Australia proposes new regulatory framework to bring crypto exchanges under financial services laws.
- Crypto exchanges, custodians, and select brokerage firms will need to obtain an Australian Financial Services Licence.
- Smaller platforms and non-financial blockchain developers will be exempt from the regulations.
- The government pledges action on debanking and plans to introduce a regulatory sandbox in 2025.
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TronWeekly
4w
289
Image Credit: TronWeekly
VeChain ($VET) Targets $16 Trillion Tokenization Market for Sustainability
- VeChain is targeting the $16 trillion space of tokenization with $B3TR incentives and deflationary $VTHO mechanisms for long-term sustainability.
- $VET surged 25% to $0.15, with trading volume spiking 300% to 1.5 billion $VET post-announcement.
- Active accounts increased by 40% to 14,000 and average value per transaction increased to $600 from $500.
- VeChain aims to dominate the blockchain-based sustainable solutions market with the adoption of $B3TR and deflationary model for $VTHO, attracting sustained interest and investment.
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17 Likes
TheNewsCrypto
4w
267
Image Credit: TheNewsCrypto
Solana Price Slides Over 4%—Can It Bounce Back Above $135?
- Solana (SOL) dropped over 4.21% in the past 24 hours, trading at $127.74.
- Earlier surge driven by the launch of Solana futures ETFs, leading to increased institutional interest.
- Analysts anticipate Solana's price to reach $170 in the next seven days, but market volatility remains.
- Technical analysis shows mixed signals, with an ascending triangle pattern and bearish MACD line.
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TronWeekly
4w
253
Image Credit: TronWeekly
Dogecoin Short-term Update: DOGE $0.14, Support Hold the key For Upside
- Dogecoin is experiencing short-term weakness, struggling to hold key support levels amid market fluctuations.
- A bearish tweezer formation suggests a possible retest of the $0.143 support level before any potential rebound.
- DOGE needs to break past $0.176 resistance to confirm a bullish move and avoid extended consolidation.
- Traders are closely watching $0.143 as support and $0.176 as resistance for Dogecoin's next major price action.
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15 Likes
Coinpedia
4w
66
Image Credit: Coinpedia
Pi Network Price Prediction: Can PI Price Recover 50% Monthly Loss & Close the Q1 Trade Above $1?
- The Pi Network price has dropped below the crucial levels at $1, raising concerns over the next price action.
- The bearish influence prevails despite the price testing the lower support of the falling wedge.
- The stochastic RSI has reached the oversold zone, indicating a potential rebound.
- Uncertainty over the open mainnet launch and delayed listing on popular exchanges has impacted investor confidence in the PI token.
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4 Likes
Bitcoinist
4w
102
Image Credit: Bitcoinist
Ethereum Needs to Break This Key Level For A ‘Bullish Flip’, Analyst Predicts
- Ethereum (ETH) needs to surpass the $2,400 level to regain bullish momentum.
- ETH has potential for a bullish trend reversal if it breaks out of the symmetrical triangle pattern.
- Over 150,000 ETH have exited derivatives exchanges, indicating potential accumulation by institutional investors.
- Analysts caution that ETH may face downside and could drop to $1,060 or $800 if certain support levels are not held.
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6 Likes
TronWeekly
4w
111
Image Credit: TronWeekly
XRP’s Hidden Purpose: How It Was Meant to Break Banking Monopolies
- XRP, the cryptocurrency associated with Ripple, was designed to eliminate financial middlemen and not to support banks.
- Ripple's founders initially opposed institutional dominance and aimed to create a decentralized platform for transactions.
- XRP Ledger was created to disrupt the traditional banking system and empower individuals and businesses.
- The original purpose of XRP remains unchanged, focusing on financial decentralization and returning control to people.
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6 Likes
TronWeekly
4w
391
Image Credit: TronWeekly
HBAR Poised for Breakout with Strong Buy Wall and Key Resistance at $0.31
- HBAR maintains key support levels, trading within a defined range with potential for a breakout.
- Grayscale’s Hedera Spot ETF filing signals growing institutional interest and potential mainstream adoption.
- A strong buy wall supports HBAR’s price, while resistance around $0.31 could determine its next move.
- Bybit serves as a major hub for HBAR traders, educating investors about market opportunities.
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23 Likes
TheNewsCrypto
4w
75
Image Credit: TheNewsCrypto
KAVA Price Soars 11%, Becomes Crypto’s Top Gainer
- KAVA price is trading in bullish territory above key moving averages, showing bullish momentum.
- KAVA is up approximately 11% in the last 24 hours, placing it among the top performers.
- The analysis suggests a potential 30% to 40% price increase in the upcoming days.
- Kava's price shows positive indicators like RSI and MACD, with buyers aiming for further gains.
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4 Likes
TronWeekly
4w
233
Image Credit: TronWeekly
XRP Price Analysis: Consolidation at $2.43 Points to Potential Upside
- XRP is consolidating near $2.43, indicating potential accumulation before a big move.
- The resolution of the SEC vs. Ripple case has increased optimism and institutional support for XRP.
- Technical indicators suggest a neutral-to-bullish market with a possible breakout indicated by a Bollinger Band squeeze.
- Traders should look for a break above $2.47 and closely monitor the support level at $2.29.
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13 Likes
TheNewsCrypto
4w
66
Image Credit: TheNewsCrypto
Ethereum Battles Key Resistance at $2.3K—Recovery or Reversal Ahead?
- Ethereum has declined by over 2%, slipping into the $1.9K range.
- The market experienced a wave of liquidations, wiping out $33.12 million worth of ETH.
- Ethereum battles to break through key resistance at $2.3K for a potential recovery.
- The altcoin's price remains under pressure, and failure to hold support at $1,945 could lead to further decline.
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4 Likes
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