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Cryptography News
Coindoo
1w
251
Image Credit: Coindoo
Bitcoin Network Activity Signals Calm Before Next Move, Says Analyst
- Bitcoin's network activity shows a stabilization in average transfer volumes, indicating a balanced holding pattern in the market.
- Since hitting a high earlier this year, Bitcoin's average transfer volumes have eased to around $58.7 billion, within a historically significant range of $40 billion to $80 billion.
- The range of $40 billion to $80 billion is seen as a gauge of network health and investor commitment, with spikes toward $80 billion aligning with price tops and dips toward $40 billion signaling temporary slowdowns.
- The current 'balance zone' on the network is viewed as a period of market indecision rather than weakness. If volumes climb past $80 billion, it may indicate renewed bullish momentum, while a drop below $40 billion could suggest a broader correction.
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Coinjournal
1w
21
Image Credit: Coinjournal
AI crypto Block3 launches presale at $0.01, prices to jump soon
- Block3 launches token presale at $0.01 aiming to disrupt game development economics and timelines.
- The project introduces Trinity, an AI-powered engine for game development, capable of generating entire playable games based on user prompts and feedback.
- The BL3 token powers Block3's platform and is designed for real-world utility within the gaming ecosystem.
- The BL3 token presale will occur over 30 stages with a cumulative price increase of 312%, aiming to incentivize early adoption and offer long-term value to participants.
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Coinjournal
1w
157
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Bitcoin Pepe presale heats up as Anemoi pours 40% of cash into BTC
- Anemoi International boosts Bitcoin exposure to 40% of its cash reserves, signaling a shift in treasury strategy towards crypto assets.
- The company eyes up to 75% crypto allocation amid concerns over the US deficit.
- Bitcoin Pepe presale draws $16.2 million with a July 31 listing and a 30% buyer bonus, fueling excitement in the crypto market.
- The increased Bitcoin investment by Anemoi and the impending listing of Bitcoin Pepe on major exchanges showcase the growing interest and adoption of cryptocurrencies.
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Coindoo
1w
76
Image Credit: Coindoo
Solana Reclaims Market Strength, Analyst Eyes Big Week Ahead
- Crypto analyst Bluntz sees signs of recovery in the Solana ecosystem, expecting a bullish run for SOL and tokens on its network.
- He notes SOL broke a persistent downward resistance line, paving the way for a potential rally.
- Bluntz highlights Pudgy Penguins (PENGU) as a standout token with the potential for an upward price reversal.
- The analyst suggests a possible shift in capital from Bitcoin to altcoins, hinting at a positive outlook for Solana and associated projects.
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Coinjournal
1w
59
Image Credit: Coinjournal
Best crypto presales to buy now as crypto ETF approval odds jump over 90%
- The potential approval of multiple crypto ETFs could benefit altcoin and meme coins like Bitcoin Pepe.
- Crypto market trades lower, with Bitcoin near $107,000 as investors remain cautious.
- Odds of spot crypto ETF approvals increase to 95%, with tokens like Ripple, Solana, and Litecoin leading.
- Bitcoin Pepe's presale raises over $16.2 million, with plans for final listing announcement on July 31.
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Coindoo
1w
302
Image Credit: Coindoo
Pi Coin Price Prediction For the First Week of July
- Pi Coin experienced a 4.56% decline in the past 24 hours, signaling a negative outlook for the upcoming week.
- Post-Pi2Day announcements disappointment led to profit-taking and a reversal near the $0.54 resistance level.
- Technical breakdown with Pi Coin breaching key support levels and dropping below moving averages indicates continued weakness.
- Predictive data suggests a short bias for Pi Coin into mid-July, with potential returns exceeding 20% if the downtrend persists.
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Coindoo
1w
379
Image Credit: Coindoo
Analyst Warns Bitcoin Bounce Could Be a Trap
- Popular analyst known as 'il Capo of Crypto' warns that the recent bounce in Bitcoin's price may be a temporary pause before another significant drop.
- Bitcoin briefly dropped to $100,000 last week but has since rebounded to around $107,415. However, il Capo believes there are no signs of market capitulation.
- He predicts Bitcoin could fall below six figures again, testing a support level between $92,000 and $93,000. If this level fails, a deeper decline to $60,000–$70,000 range is possible.
- Il Capo also warns altcoin investors of potential sharper declines if Bitcoin starts descending, possibly losing between 50% and 80% of their value. He views the broader crypto market as overexposed and vulnerable to another correction wave.
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Cryptoticker
1w
21
Image Credit: Cryptoticker
Dogecoin Prediction: How High Can DOGE Go in July?
- Dogecoin (DOGE) price has been consolidating after a decline from its recent high near $0.25, with traders monitoring for a breakout.
- The daily chart and RSI suggest a potential accumulation phase, hinting at the next move up or down for DOGE.
- Key support for DOGE is at $0.1623, with resistance levels at $0.17, $0.20, and potentially up to $0.23–$0.25 if bullish momentum continues.
- Traders are advised to watch for a break above $0.17 as a signal of a short-term trend reversal and to monitor RSI trends closely for DOGE's direction in July.
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Coindoo
1w
332
Image Credit: Coindoo
Ethereum Positioned for Massive Network Fee Spike, According to Fundstrat
- Younger generations are expected to shift away from traditional banking towards crypto-native institutions, leading companies like PayPal and credit card issuers to hold cryptocurrencies like Bitcoin and Ethereum as part of their operational capital.
- Firms like MicroStrategy and Metaplanet, which hold Bitcoin, are seen as early examples of the emerging financial architecture that larger institutions may adopt. This model is likely to benefit Ethereum significantly due to its infrastructure supporting stablecoins, tokenized assets, and real-world asset transactions.
- According to Fundstrat's Tom Lee, Ethereum is well-positioned to handle increased demand, with stablecoins already contributing around 30% of Ethereum's transaction fees. U.S. Treasury Secretary Scott Bessent's estimate of a potential $2 trillion expansion in the stablecoin market could lead to a tenfold rise in Ethereum's network fee revenue.
- Data from DeFiLlama indicates that Ethereum has generated over $20 billion in fees to date. With Ethereum's dominance in the stablecoin sector and real-world asset tokenization, Lee suggests that fee revenue could grow exponentially, validating Ethereum's potential for a substantial network fee spike.
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Cryptopotato
1w
345
Image Credit: Cryptopotato
You Should Own 40% Crypto in Your Portfolio: $300B Finance Advisory Firm Founder Says
- Founder of the $300 billion investment advisory firm, Edelman Financial Engines, suggests a significant allocation to crypto in investment portfolios.
- Ric Edelman recommends aggressive investors to own up to 40% in crypto, while suggesting 25% for moderate and 10% for conservative investors.
- He emphasizes that omitting crypto from a portfolio is effectively shorting the asset class, considering its historical outperformance.
- Edelman's bold recommendation comes amidst increasing institutional adoption and regulatory changes in the cryptocurrency market, with projections of Bitcoin potentially reaching $500,000.
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Coindoo
1w
127
Image Credit: Coindoo
Europol Helps Dismantle $542M Crypto Scam Network Operating Across Europe
- Europol assisted in dismantling a criminal network accused of running a $542 million crypto scam across Europe, defrauding over 5,000 victims.
- Three suspects were arrested in the Canary Islands, and two in Madrid with support from U.S., France, and Estonian law enforcement agencies.
- The group laundered money through a network of shell companies, payment processors, and crypto exchanges, using various tactics to obscure fund movement.
- This bust highlights international efforts to combat crypto-based financial crimes, with recent cases including frozen assets in Spain and seizures by U.S. officials in various fraudulent schemes.
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Coindoo
1w
221
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Ethereum Set to Test $3,000 as ETFs and Regulations Align
- Ethereum is expected to test $3,000 as ETF inflows and regulatory developments align.
- ETF allocations of over $1.1 billion in June indicate renewed interest from asset managers, supported by recent geopolitical stability.
- Upgrades to Ethereum's staking infrastructure have increased institutional appeal, with $26 billion in user fees generated by Ethereum-based applications.
- Speculation surrounds the inclusion of staking in spot ETFs, potentially driving Ethereum's price to $3,300.
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Financemagnates
1w
234
Image Credit: Financemagnates
Circle Moves to Become a US National Trust Bank after Bumper IPO
- Circle, the issuer of the USDC stablecoin, has applied to become a national trust bank in the US to oversee its stablecoin reserve.
- The move is seen as a way to strengthen oversight of the USDC Reserve and enhance infrastructure supporting the USD-pegged stablecoin.
- After a successful IPO, Circle seeks to become an OCC-regulated company to comply with upcoming regulations like the GENIUS Act.
- Circle is not the only cryptocurrency firm seeking a national banking charter in the US; other firms, including the crypto unit of Fidelity, have applied for the same licence.
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Coindoo
1w
272
Image Credit: Coindoo
Bitcoin’s Current Price Appears Neutral, Analyst Suggests Possible Room for Growth
- Analyst Adler focuses on Bitcoin Distribution by Realized Supply to assess current market conditions.
- Bitcoin is currently trading just above its annual average on this scale, indicating a neutral market zone.
- Historically, such neutrality has preceded strong directional moves in Bitcoin's price.
- Adler suggests that Bitcoin could see potential growth towards 60-70% on a yearly basis.
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Zycrypto
1w
345
Image Credit: Zycrypto
Boba Network Secures $70M And Resolves BOBA Token Overhang With FTX Recovery Trust Deal
- Boba Network secures a $70 million investment from Awaken Foundation and LDA Capital to support development and global expansion.
- The funding will be used to enhance infrastructure, drive ecosystem growth, and integrate AI capabilities into decentralized applications (dApps).
- Boba Governance Foundation resolves the BOBA token overhang through an agreement with FTX Recovery Trust, aiming to strengthen ecosystem stability.
- The strategic funding aims to boost network speed, security, developer participation, and the creation of AI-powered dApps across various sectors.
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