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Cryptocurrency News
Coin Telegraph
19h
136
Image Credit: Coin Telegraph
Bitcoin hits new all-time high of $109K as trade war tensions ease
- Bitcoin surged to a new all-time high of $109,400 following a temporary trade agreement between the US and China, easing macroeconomic fears and boosting investor confidence.
- The agreement led to a 90-day tariff suspension, removing the risk of sudden re-escalation, which had a significant impact on risk appetite among both traditional and cryptocurrency investors.
- Bitcoin had briefly dropped to a year-to-date low of $74,434 in April after US President Donald Trump announced reciprocal import tariffs, affecting global markets.
- Bitcoin's recent rally to over $109,000 was attributed to geopolitical de-escalation, improving regulatory optics, and macroeconomic tailwinds, with analysts predicting a possible rally to $114,000-$120,000 or even above $130,000 by the end of 2025.
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Hackernoon
19h
18
Image Credit: Hackernoon
Nexchain Crypto Presale is Now at Stage 13
- Nexchain is currently at Stage 13 of its presale and has raised $2.4 million, attracting attention from intelligent investors due to its innovative approach in developing a next-generation Layer-1 blockchain with real-world functionality and user-centric governance.
- Nexchain offers fast block finality, low transaction costs, and NEX token for fee payments and validator incentives, along with staking opportunities for users to actively engage in network consensus.
- The cryptocurrency market is witnessing notable developments, including Chiliz-Naver Pay collaboration, Cake Wallet's secret transactions feature for Bitcoin users, and MakerDAO's governance asset update to the SKY token.
- Nexchain's performance in its presale signifies a shift in investor focus towards assets with tangible applications, solid tokenomics, and promising development potential, positioning it as a promising investment in the growing crypto market.
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Coindoo
19h
351
Image Credit: Coindoo
21% Rally In a Choppy Market? Unilabs Could Outshine XRP This Season After Passive Income Program Launch
- XRP has recently recovered 21% amidst a volatile market, while Unilabs (UNIL) has gained more attention due to its passive income program launch.
- Unilabs presale has attracted significant investments, raising over $660,000 and is seen as a promising choice amidst Ripple's regulatory uncertainties.
- XRP price faces hurdles due to the SEC case, trading at $2.35 with support near $2.32 and struggle near $2.60, leading investors to consider Unilabs for stable returns.
- Unilabs offers a passive income model with AI-driven asset management, high-yield staking pools, and transparent profit pools, making it an appealing option for investors seeking growth.
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Crypto-News-Flash
19h
51
Image Credit: Crypto-News-Flash
Whales Fuel XRP Momentum With 110M Token Buy—500% Rally Next?
- Large XRP holders have accumulated 110 million tokens in the past five days, raising speculation of a potential rally reminiscent of 2024.
- Despite a recent 10% price drop, whales continue to buy XRP, with anticipation of a breakout as these major holders add to their stacks.
- XRP showed strong performance in 2024, with a 238.4% surge and reaching a six-year high of $2.90, boosted by regulatory approval for RLUSD stablecoin.
- Amid bullish predictions for XRP reaching $3 to $7 soon, market signals show mixed trends with a drop in trading volume and slight bearish tilt in the short term sentiment.
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TronWeekly
19h
296
Image Credit: TronWeekly
FTX is Set to Begin $5 Billion Payouts to Users on May 30
- FTX will begin distributing over $5 billion to approved users and creditors on May 30, nearly three years after the exchange collapsed.
- Repayments as part of the bankruptcy process mark a significant step in returning money to those owed by the bankrupt exchange.
- Four main creditor groups will receive between 54% and 120% of the total amounts owed when FTX collapsed in November 2022.
- Critics have raised concerns about using crypto values for repayments, fearing it may result in smaller returns due to market changes since the collapse.
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Bravenewcoin
19h
270
Image Credit: Bravenewcoin
XRP Price Prediction: XRP Eyes $5 Breakout as Raoul Pal and Analysts Signal Bullish Surge Ahead
- XRP price remains stable above $2.30 amid market volatility, with potential for further upward movement.
- Analysts highlight key resistance levels at $2.61 and $2.65 for XRP, projecting bullish momentum ahead.
- Raoul Pal predicts XRP could reach $5, citing bullish flag pattern and institutional developments.
- Technical indicators suggest XRP is preparing for a breakout, with potential short-term correction levels at $2.00 and $2.30.
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Bitcoinist
19h
329
Image Credit: Bitcoinist
Cardano Founder: Crypto’s Crisis Is Cultural, Not Just Technical
- Cardano founder Charles Hoskinson criticized the crypto asset industry for cultural issues over technical problems during a speech in Buenos Aires.
- Hoskinson condemned crypto media for spreading unverified allegations and proposed veracity bonds as a solution to ensure accurate reporting.
- Legal and reputational pressure mounted on IOG as it faces investigations over ADA diversion during a network hard fork, an accusation Hoskinson denied.
- Hoskinson also highlighted legislative developments like the bipartisan GENIUS act and called for a shift towards a moral project in the crypto sector.
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TheNewsCrypto
19h
85
AdEx Unveils AURA Demo: AI Agent for Automated Trading Analysis
- AdEx has unveiled the AURA Demo, their AI agent for onchain activity analysis, which monitors Ethereum and Layer 2 activity to provide real-time insights and automated execution.
- AURA utilizes onchain data, AI models, and portfolio insights to offer tailored suggestions based on user behavior and risk tolerance, aiming at simplifying Web3 experience and portfolio growth.
- The AI agent by AURA can perform tasks like rebalancing portfolios, claiming airdrops, or participating in NFT mints autonomously and also serves as an intelligence layer for Web3 wallets and applications.
- Early AURA testers are receiving soulbound NFTs, enhancing AdEx's ecosystem with novel staking mechanisms and increasing the utility of its native token ADX.
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TheNewsCrypto
19h
14
5 Cryptos Ready To Explode This Bull Run: BLEM, BTC, ETH, XRP & XLM
- BitLemons ($BLEM), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Stellar (XLM) are identified as top crypto investments for the upcoming bull run.
- BitLemons ($BLEM) stands out with potential 30x gains and a fully operational crypto casino disrupting the gambling industry.
- BitLemons' revenue generation, game library, security audits, and tokenomics make it a promising investment choice.
- Bitcoin's recent milestones, institutional adoption, and price strength indicate potential for unprecedented highs in this bull cycle.
- Ethereum's resilience, technical indicators, and ecosystem position it for a significant rally towards previous all-time highs.
- XRP's institutional adoption, stablecoin launch, and price stability suggest potential gains in the upcoming market phase.
- Stellar's focus on cross-border payments, partnerships, and stability make it an attractive investment for long-term growth potential.
- BitLemons ($BLEM) offers explosive growth potential with its functioning platform and presale stages attracting investor interest.
- BitLemons combines real revenue generation with early-stage crypto growth, presenting a ground-floor opportunity for investors.
- Investors are encouraged to conduct their own research before making decisions in the volatile crypto market.
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TheNewsCrypto
19h
44
EVEN Taps Avalanche to Revolutionize Direct-to-Fan Music
- EVEN, a direct-to-fan music platform, is utilizing AvaCloud from Ava Labs to enhance its infrastructure, offering benefits such as speed, cost-effectiveness, and scalability as it expands.
- EVEN provides a platform where artists can release music directly to fans, enabling them to retain greater value, receive immediate payment, and control release dates, with one active fan equivalent to one sale.
- With AvaCloud support, EVEN offers transparent revenue distribution, real-time token gated access, and features to help artists understand and grow their fan base, allowing them to focus on enhancing creator and fan experiences.
- Luminate recognized EVEN as the first superfan platform, enabling artists to impact their chart positions while benefiting from fan-powered monetization, showcasing the platform's unique approach within the music industry.
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Coin Telegraph
19h
77
Image Credit: Coin Telegraph
Crypto's real momentum isn't in the charts; it's in developer activity
- Amid market downturns in the crypto community, real development progresses as teams focus on building behind the scenes.
- There is a disconnect between sentiment-driven events affecting prices and actual progress in the industry.
- Regulatory momentum is increasing globally, with companies preparing for regulatory updates and shifts in US policies.
- Active developer numbers remain stable, indicating industry leaders' optimism and growth opportunities despite market fluctuations.
- Market corrections push the industry towards substance over hype, fostering advancements in technology like DeFi and NFTs.
- Blockchain's maturation involves focused development, regulatory engagement, and emphasis on user experience and utility.
- AI's integration with blockchain faces challenges due to biased data sets and limitations in access to diverse global data.
- Decentralized data solutions like DePINs can address biases in AI models and allow for broader inclusion of diverse data sets.
- The crypto industry looks towards a phase of productive growth, sustainable projects, and consumer-friendly regulations.
- Builders are urged to focus on long-term progress, sound business practices, and incremental changes for success in the crypto space.
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Coin Telegraph
19h
251
Image Credit: Coin Telegraph
How to handle crypto trading gains and losses on your balance sheet
- Properly accounting for crypto assets on your balance sheet is crucial for accurate tax reporting and financial transparency.
- Crypto trading activities should be recorded similar to stock trading, at fair market value on the day of purchase.
- In some countries like the US, crypto losses can offset gains, emphasizing the importance of tracking gains and losses for tax benefits.
- Treating cryptocurrencies as assets and documenting them is essential for compliance with tax laws and minimizing errors.
- Balance sheets play a vital role in understanding financial health, reporting taxes, attracting investors, and complying with regulations.
- Properly accounting for crypto gains and losses, understanding tax implications, and balancing assets are key aspects for individuals and businesses.
- When buying cryptocurrency with fiat money, record it at fair market value on the day of purchase and reflect on the balance sheet like stock trading.
- When selling cryptocurrency for fiat money, gains or losses should be recorded carefully for tax and reporting purposes.
- Crypto losses can lower taxable income in some countries, urging proper documentation and tracking of gains and losses.
- Staying organized, documenting all transactions, and consulting professionals for complex matters like Ethereum transactions are crucial for accurate crypto accounting.
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Pymnts
19h
240
Image Credit: Pymnts
Binance and Pix Team to Drive Instant Crypto Payments in Brazil
- Binance has integrated its payment solution with Pix, Brazil’s instant payment system, allowing people to use Binance Pay and Pix for instant payments in the local currency using cryptocurrencies.
- This integration is the first time Binance Pay has been integrated into a national payment system in the world, making cryptocurrencies more accessible and usable in everyday life for users in Brazil.
- Users in Brazil can make instant transfers and payments from their Binance accounts to any bank account or pay merchants accepting Pix, with transactions completed in seconds and supporting more than 100 cryptocurrencies.
- The rise of Pix in Brazil reflects a broader trend in Latin America towards digital payments, driven by the increasing use of mobile wallets and real-time payment systems, with cash rapidly losing ground as consumers shift to digital payments.
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Coindoo
19h
11
Image Credit: Coindoo
3X Tokens NOW! Best Cryptos for Beginners Include BTFD’s $300-to-$27K Opportunity, GOAT’s Pump, and SLERF’s Surge
- Three meme coins, BTFD Coin, Goatseus Maximus, and SLERF, are gaining attention in the crypto market for price moves, presales, and community hype.
- BTFD Coin is offering a 200% bonus in its meme coin presale before May 26, with analysts predicting potential significant gains.
- The Bulls Squad of BTFD Coin is driving momentum, aiming for a $0.006 target and offering a high ROI potential.
- Goatseus Maximus, with a market cap of $159 million, is making waves in the meme coin heavyweight division, showing strong trading volume and potential for a bigger run.
- SLERF, priced at $0.085484, is garnering attention for its steady rise and potential breakout above $0.10, appealing to both retail and pro investors.
- For beginners, BTFD Coin, Goatseus Maximus, and SLERF offer different moonshot potentials, with BTFD's 200% bonus creating a sense of urgency before its launch on May 27.
- BTFD Coin's bonus code 'LAUNCH200' triples tokens and presents an investment opportunity with high returns, making it a standout choice for newcomers in the crypto space.
- Readers are advised to conduct their research before engaging with any cryptocurrency-related content or actions to mitigate potential risks or losses.
- The market's attention is on these three coins, each offering unique features and potential gains, with BTFD Coin's presale offering a limited-time opportunity for investors.
- As the crypto market evolves rapidly, staying informed about emerging projects and conducting due diligence is crucial for investors looking to capitalize on potential opportunities.
- To maximize gains and stay ahead in the ever-changing crypto landscape, understanding market trends, conducting research, and being proactive in investment decisions are essential.
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Cryptopotato
19h
300
Image Credit: Cryptopotato
Metaplanet Faces Major Short Squeeze as Bitcoin Bet Defies Bears
- Metaplanet Inc., Asia’s leading Bitcoin treasury company, is Japan’s most shorted stock with over 25% of shares borrowed for short positions.
- Metaplanet reported record revenue of ¥877 million in Q1, with 88% attributed to its Bitcoin strategy and holdings of 7,800 BTC valued at over $800 million.
- Short sellers underestimated retail and institutional momentum, leading to a potential slow-motion squeeze for Metaplanet stock, which saw consecutive daily limit-up halts on the Tokyo Stock Exchange.
- Backed by Bitcoin, Metaplanet is garnering support from Bitcoiners and could intensify the short squeeze if retail investors join the rally, similar to the GameStop frenzy of 2021.
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