A naukri.com initiative
Cryptocurrency News
Coinpedia
1w
29
Image Credit: Coinpedia
BTC’s Plunge, DOT’s Major ETF Filing – Will BitLemons ($BLEM) Deliver the 17X Returns Investors Crave?
- Bitcoin and Polkadot experience significant volatility, with Bitcoin's price declining and Polkadot facing a 17% drop.
- BitLemons positions itself for potential growth with its GambleFi protocol, generating revenue and selling out its presale stages.
- BitLemons' revenue model as a disruptive crypto casino provides stability in a volatile market.
- Polkadot's ETF filing and upcoming 2.0 launch create potential for price recovery and long-term prospects.
Read Full Article
1 Like
Blockonomi
1w
303
Image Credit: Blockonomi
Solana (SOL) Price: Breaks Key Resistance as Whale Transfers $71.95 Million
- Solana's price breaks out from a descending parallel channel, with potential upside to $213.
- A whale transferred 494,153 SOL ($71.95M) to Coinbase Institutional, sparking market speculation.
- Technical indicators like Parabolic SAR and MACD have turned bullish, indicating a potential trend reversal.
- SOL must surpass the $170-$185 resistance zone to confirm an uptrend.
- Solana network usage surpasses Ethereum with 73.4 million monthly active addresses.
- Recent bullish momentum in Solana's price has broken key resistance levels in recent days.
- Analysts are divided on the outlook, with some seeing potential for a rally towards a $213 price target.
- A significant whale transfer of $71.95 million worth of SOL to Coinbase Institutional adds to market dynamics.
- Technical indicators like the Parabolic SAR and MACD suggest weakening selling pressure and building buying pressure.
- Solana faces a critical resistance zone between $175 and $185 that will test the current breakout attempt.
Read Full Article
18 Likes
Medium
1w
388
Image Credit: Medium
Cido’s Quantum-Optimized Data Solutions: The Future of Blockchain Indexing
- Cido is revolutionizing data indexing by integrating quantum annealing, a cutting-edge quantum computing technique that accelerates data processing and optimization.
- With quantum-enhanced indexing, Cido's system can handle massive datasets at speeds that traditional systems simply cannot match and ensures real-time access to blockchain data.
- Cido's quantum-optimized solution is built for scalability, allowing it to efficiently handle the complexities and scale of Web3 applications.
- By integrating quantum computing into blockchain indexing, Cido enables the integration of AI, machine learning, and predictive analytics, fueling innovation in sectors like DeFi, gaming, and NFTs.
Read Full Article
23 Likes
Coinpedia
1w
274
Image Credit: Coinpedia
SEC Dismisses Coinbase, Kraken, Gemini and Other Crypto Cases: Former SEC Lawyer Issues Warning
- The U.S. Securities and Exchange Commission (SEC) has dismissed cases against major cryptocurrency firms including Coinbase, Kraken, Gemini, and ConsenSys.
- Former SEC lawyer warns that dismissed cases cannot be re-filed, reducing the chances of further investigations.
- The current administration in the U.S. appears to be giving crypto more freedom, potentially leading to risks and significant investor losses.
- President Trump has shown support for cryptocurrency, aiming to make the U.S. a leader in digital assets with plans to add cryptocurrencies to the national reserve.
Read Full Article
16 Likes
Blockonomi
1w
219
Image Credit: Blockonomi
BlackRock’s Bitcoin ETF Records Highest Trading Volume Since November
- BlackRock’s spot Bitcoin ETF (IBIT) saw its highest trading volume since mid-November
- IBIT dropped over 11% last week, falling to $46.07, the lowest since early November
- Investors withdrew more than $1 billion from the ETF
- IBIT broke below the $50.69 support level, signaling more potential losses
Read Full Article
13 Likes
Blockonomi
1w
122
Image Credit: Blockonomi
Dogecoin (DOGE) Price: ETF Filing Signals Expanding Horizon for Crypto Investments
- Bitwise has submitted a 19b-4 filing to the SEC for a Dogecoin ETF, with Coinbase Custody and BNY Mellon managing assets
- Polymarket shows approval chances for a Dogecoin ETF climbed to 66% from 55% previously
- Despite ETF progress, DOGE price has dropped by 15.79% to $0.19, with trading volume declining by 11.69%
- Multiple asset managers including Grayscale and Rex Shares are also pursuing Dogecoin ETF approval
Read Full Article
7 Likes
Crypto-News-Flash
1w
25
Image Credit: Crypto-News-Flash
XRP Price Target: Millions Wager on $5—What’s the Catch?
- Despite a 34% drop in XRP price, traders are holding firm with a $5 call option dominating Deribit’s market at $4 million.
- Many traders are using a strategy called covered calls, selling high-level out-of-the-money (OTM) calls while holding XRP to collect premiums and hedge risks.
- Analysts predict a potential 60-84% surge in XRP price due to bullish technical signals, breakout from a descending trendline, and consolidation within a bullish pennant pattern.
- For XRP to hit $5, a successful push beyond $3.50 is needed, maintaining the price above $2.50 and breaking resistance levels.
Read Full Article
1 Like
Bitcoinist
1w
232
Image Credit: Bitcoinist
Bitcoin Hashrate At Risk? US Trade War Could Hit 5% Mining Power
- The trade war between the US and Canada could disrupt Bitcoin mining operations, potentially affecting up to 1.5 million customers in New York, Michigan, and Minnesota.
- Miners in the US Northeast, specifically along the New York-Canada border, face a significant risk if Ontario curtails or halts electricity exports.
- The potential loss of 300-500 MW of Bitcoin mining capacity accounts for between 2.5% and 5% of global hashrate.
- Higher energy prices due to tariffs could make current Bitcoin mining machines unprofitable, leading to a decline in Bitcoin's hashrate.
Read Full Article
13 Likes
TronWeekly
1w
21
Image Credit: TronWeekly
Chainlink Rebounds to $15.25 Amid High Volatility and Whale Accumulation
- Chainlink surged from $13.18 to $15.25 within 24 hours, with trading volume rising to 120 million LINK.
- Whale wallets now hold 18.15% of LINK’s supply, valued at $2.93 billion, driving accumulation trends.
- LINK/USDT trading volume jumped 40% to $1.8 billion, signaling a potential trend shift amid market uncertainty.
- Chainlink has staged a notable rebound, outpacing other altcoins following a sharp market-wide downturn.
Read Full Article
1 Like
NullTX
1w
173
Image Credit: NullTX
Ethereum Experiences Market Volatility: A $4.1M Withdrawal and Bearish Predictions
- A significant withdrawal of 2,000 ETH ($4.1 million) occurred recently, illustrating Ethereum's market volatility.
- The withdrawal by Longling Capital from Binance to Aave reflects continued bullish sentiment towards ETH.
- Market watchers observed the large transaction from the Longling Capital wallet to Aave.
- The wallet borrowed stablecoins from Aave to potentially reinvest in Ethereum amid price fluctuations.
- Ethereum's price dropped below $2,000 on September 18 and is currently trading around $2,050.40.
- On-chain analysts like Ali Martinez predict a potential drop in Ethereum to $1,250 due to bearish trends.
- Concerns arise over outflows from Ethereum-related ETFs, hinting at weakening market confidence.
- Despite short-term price challenges, Ethereum's long-term fundamentals remain strong with ongoing network development.
- While market sentiment is mixed, institutional players are still actively participating in Ethereum-related activities.
- Ethereum's resilience and potential for recovery post-market stabilization highlight its enduring value in the crypto space.
Read Full Article
10 Likes
Blockonomi
1w
160
Image Credit: Blockonomi
Aave (AAVE) Price: Outperforms Market by 17% Following Major Economic Proposal from DAO
- Aave's AAVE token surged 21% following the announcement of a major economic proposal from Aave DAO.
- Aave's treasury has grown by 115% to $115 million since mid-2024, indicating its increasing popularity and financial strength.
- The proposal includes plans for increased profit sharing for AAVE stakers and a new 'buy and distribute' program using $1 million weekly for token buybacks.
- An innovative 'Umbrella' system is proposed to protect users from market crashes, aiming to provide a unique advantage for risk management.
- The proposal, named the 'Aavenomics update,' aims to increase value for token holders and enhance user benefits on the platform.
- One notable component of the proposal is the introduction of an Anti-GHO token offering valuable options for users, including debt elimination and additional rewards.
- Aave's focus on user protection and financial sustainability aligns with growing interest in DeFi platforms that prioritize innovation and risk management.
- The proposal's positive market response, with a 21% price increase, reflects investor confidence in Aave's future growth and token economics.
- Community feedback is being collected on the proposal, with plans to present a formal on-chain proposal for AAVE token holders to vote on in the future.
- Aave aims to strengthen its position in the DeFi ecosystem and deliver more value to its community through the proposed changes.
Read Full Article
9 Likes
NullTX
1w
37
Image Credit: NullTX
Bitcoin Faces Volatility Amid Panic Sell-Off, But Fundamentals Remain Strong
- Bitcoin experienced a sudden 10% price drop, triggering a panic sell-off in the cryptocurrency market with over $8 billion in open interest liquidated in 24 hours.
- The exact cause of the crash remains uncertain, though it appears to be driven by panic and market psychology rather than a fundamental shift in Bitcoin's long-term prospects.
- Despite the recent market turbulence, Bitcoin's underlying fundamentals remain strong, with increased mining rig activity and withdrawals of over 25,000 BTC from exchanges.
- Significant outflows were recorded from Bitcoin-related ETFs, suggesting institutional investors are exercising caution and reassessing their investments.
- The continuous withdrawal of Bitcoin from exchanges indicates a growing number of long-term holders stacking up in anticipation of future price rises.
- Bitcoin's halving cycle and a stable price range between $15,000 and $30,000 are factors shaping market sentiment, which may be influenced by broader U.S. financial market conditions.
- Despite recent volatility, the overall outlook for Bitcoin remains positive, supported by strong fundamentals and a focus on long-term holding strategies.
- Investors are advised to monitor key indicators and market sentiment for potential signals of a rebound or further volatility in Bitcoin's price.
- Market sentiment in the U.S. financial markets is likely to impact Bitcoin's near-term price action, while the digital currency's value is expected to hold firm due to its solid foundation.
- In conclusion, while recent events have shaken the market, Bitcoin's resilience and growth trajectory suggest that the current dip is likely a temporary setback rather than the end of the bull cycle.
Read Full Article
2 Likes
NullTX
1w
324
Image Credit: NullTX
Smart Money Wallets Make Strategic Moves in AI, Meme, and DeFi Tokens
- Smart money wallets, held by institutions and elite traders, provide insight into future trends in the crypto space.
- Recent activities show accumulations in AI tokens, meme coins, and stablecoins integrated into DeFi protocols.
- Smart money allocations indicate growing interest in emerging trends in cryptocurrency.
- AI tokens like $DOGEAI and $SEN are attracting significant investments due to their innovative approaches combining AI and blockchain.
- $WINK, a meme-based token linked to Avalanche, saw notable accumulations by smart money wallets.
- Despite price corrections, tokens like $Mog are still garnering interest from strategic investors as potential comeback candidates.
- Stablecoins associated with DeFi protocols, such as $USR and $WBTC, are gaining attention from smart money investors for their strong performance and integration.
- Smart money's diverse interests span across AI-enhanced tokens, meme coins, and stablecoins in the DeFi space.
- These smart money movements offer insights into potential opportunities and trends within the digital asset market.
- Investors are paying attention to AI advancements, community-driven tokens, and the role of stablecoins in DeFi narratives.
Read Full Article
19 Likes
Intelalley
1w
350
Image Credit: Intelalley
Flowdesk Closes $102m Financing with Support from BlackRock
- Flowdesk, a digital asset trading and technology firm, has closed a $102m financing round.
- The round included equity financing from HV Capital, existing investors Eurazeo, Cathay Innovation, and ISAI, as well as a debt facility from funds managed by BlackRock.
- The additional capital will strengthen Flowdesk's position in the crypto industry and support global expansion to meet increasing demand for liquidity provision and OTC trading services.
- Flowdesk aims to become a liquidity provider for digital assets, ETFs, and tokenization, and has plans to scale its OTC derivatives business, launch a crypto credit desk, and invest in compliance and legal support.
Read Full Article
21 Likes
NullTX
1w
316
Image Credit: NullTX
Bitwise Files for Spot Dogecoin ETF: A Major Step Toward Direct Exposure to Memecoin Markets
- Bitwise has filed for a spot Dogecoin ETF, aiming to offer direct exposure to Dogecoin for traditional investors.
- If approved, the ETF would allow investors to invest in DOGE without using riskier instruments like futures contracts.
- The ETF could change the perception of Dogecoin as an investment-grade asset in the financial market.
- Bitwise's filing signifies its leadership in the memecoin ETF world, with a high chance of approval this year.
- The ETF provides a direct route for investors to access Dogecoin without owning it directly.
- Bitwise's collaboration with Coinbase and BNY Mellon ensures operational integrity and security for the ETF.
- This approach distinguishes the Bitwise Dogecoin ETF by holding the actual cryptocurrency instead of derivatives.
- The rise of memecoin ETFs, like Bitwise's Dogecoin ETF filing, reflects evolving acceptance of these assets in traditional finance.
- Approval of a Dogecoin ETF would further legitimize cryptocurrencies and set a precedent for other memecoin-related assets.
- Bitwise's initiative marks a significant step in mainstream adoption of memecoins and crypto financial products.
Read Full Article
19 Likes
For uninterrupted reading, download the app