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Cryptography News
Coindoo
2w
245
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Ripple’s Billion-Dollar Bet on the Future of Finance
- Ripple recently acquired prime broker Hidden Road for $1.25 billion, with more acquisitions in the pipeline.
- Chief Technology Officer David Schwartz stresses that legacy financial institutions are slow in seizing digital asset opportunities, giving Ripple an edge.
- Ripple plans to integrate its stablecoin RLUSD into Hidden Road's brokerage services and further develop the XRP Ledger for enhanced flexibility.
- The company's upcoming innovations include a native lending protocol for XRPL and collaborations to facilitate asset transfers across various blockchains.
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Coindoo
2w
56
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Low Volume, Big Moves: Why Altcoins Could Be Poised to Rally
- Despite Bitcoin's recent surge, major altcoins like Ethereum are still below previous highs, prompting speculation on when the broader market will rally.
- Analysts, like Axel Adler, are optimistic about altcoins as declining trading volumes hint at potential accumulation before a potential rally.
- Average monthly altcoin exchange flow is currently at $1.6 billion, lower than the yearly average of $2.5 billion, indicating a phase of consolidation and accumulation.
- Historically, altcoins have surged after trading volumes dipped below $1.6 billion, signaling a potential setup for a future altseason and price rally.
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Coinjournal
2w
263
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Fartcoin remains bearish despite hitting $1; Check forecast
- Fartcoin is up 5% in the last 24 hours and now trades at $1.01 per coin.
- The memecoin remains bearish despite its recent rally.
- Fartcoin and other leading memecoins are still bearish while the broader cryptocurrency market shows recovery.
- Fartcoin is predicted to retest the $0.80 support level, with indicators currently bearish but a potential reversal supported by the broader market.
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Coindoo
2w
315
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Altcoins Face Renewed Pressure as Market Sentiment Sours Again
- Popular crypto trader shifts back to a bearish outlook on altcoins after recent weakness in the market.
- Analyst suggests many altcoins are seeing short-lived relief rallies, signaling that the broader correction may not be over.
- Solana (SOL) highlighted as an example, with a roughly 20% drop from a major resistance zone and potential support between $60 and $80.
- Traders cautioned that market capitulation phase may not have arrived, and both Bitcoin and altcoins could experience further falls before recovery starts.
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Coinjournal
2w
0
Image Credit: Coinjournal
What’s next for SEI after reclaiming $0.30? Check forecast
- SEI has reclaimed the $0.30 psychological level, paving the way for further rally.
- SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 hours, despite other major cryptocurrencies recording losses.
- SEI could rally to $0.430 as indicated by the bullish trend resuming, with the potential to reach a 6-month high.
- There is a possibility of SEI facing bearish market conditions, potentially retesting the $0.24 low and hitting the Transactional Liquidity (TLQ) around $0.19.
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Coinjournal
2w
134
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Jito price outlook as SOL Strategies announces acquisition of 52, 181 JTO tokens
- SOL Strategies acquires 52,181 JTO tokens as part of its Strategic Ecosystem Reserve (SER) to support key projects within the Solana ecosystem, starting with Jito Network.
- Jito's price has decreased by 2% over the past 24 hours, trading around $1.93 amidst the announcement, indicating a bearish trend.
- SOL Strategies aims to boost the Solana ecosystem through the SER funded by a portion of the company's validator revenue, with initial support directed towards Jito.
- While the acquisition by SOL Strategies demonstrates institutional investor confidence in Jito, technical indicators suggest a bearish continuation in the short term for JTO's price.
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Coinjournal
2w
259
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Genius Group to split $1B lawsuit proceeds between shareholders and its Bitcoin treasury
- Genius Group plans to split lawsuit wins between shareholder dividends and Bitcoin, aiming to share potential legal windfalls with shareholders and invest more in Bitcoin.
- The company is pursuing two lawsuits seeking over $1 billion in damages, one alleging violations under the RICO Act and seeking over $750 million, and the other focusing on naked short-selling and spoofing activities.
- If successful, proceeds from the lawsuits will be evenly split, with 50% allocated as dividends to shareholders and 50% used to acquire Bitcoin, potentially offering shareholders up to $7 per share in returns.
- Genius Group has increased its Bitcoin holdings and aims to grow them to 1,000 BTC, viewing Bitcoin as a long-term treasury asset and a hedge against inflation, although legal uncertainties remain around the lawsuits.
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Cryptoticker
2w
410
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Kraken Launches KRAK App: A Global PayPal-Killer for Crypto and Fiat Payments
- Kraken has launched the KRAK App, a peer-to-peer payments app allowing users to send and receive over 300 assets instantly, including local currencies and cryptocurrencies.
- Key features of the KRAK App include instant 24/7 payments, global accessibility in 100+ countries, support for 300+ assets, free or low fees for transfers, and the ability to earn yield.
- The app is built on Kraken's compliance infrastructure and offers both virtual and physical cards soon for spending. Users can earn $10 by completing their first transaction using a referral link.
- KRAK represents Kraken's shift towards becoming a financial super app, providing a crypto-native way for global money movement in a world where crypto, fintech, and banking intersect.
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Coindoo
2w
116
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Hong Kong Moves Closer to On-Chain Finance with Tokenized Asset Push
- Hong Kong is pushing towards on-chain finance through tokenized assets denominated in major currencies like USD, HKD, and offshore yuan, pegged to SOFR.
- Assets built on HashKey Chain will soon be distributed, representing a significant RWA tokenization project by a major Chinese brokerage in Hong Kong.
- CEO of GF Securities (Hong Kong), Zeng Chao, views the collaboration with HashKey as strategic for future growth in digital assets and on-chain financial services.
- The move aligns with Hong Kong's latest policy direction to support tokenized real-world assets and expand crypto licensing, with other firms like Guotai Junan International and Huatai International also venturing into crypto services.
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Coindoo
2w
173
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Bakkt Eyes $1 Billion Raise with Possible Bitcoin Play in Sight
- Bakkt is considering raising $1 billion through a variety of financial instruments like stocks and bonds with the option to buy Bitcoin or other digital assets.
- The company's recent registration filing allows for flexibility in tapping into capital markets to fund operations and potentially acquire cryptocurrencies.
- Bakkt has updated its investment policy to include crypto exposure, signaling a long-term goal of integrating digital assets into its corporate treasury.
- Despite some financial uncertainties and dependence on a departing client, Bakkt's potential crypto investments have generated cautious optimism in the market.
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Coindoo
2w
222
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Bitcoin Awaits Breakout as Wall Street Charges Ahead
- S&P 500 and Nasdaq futures hit new highs, driven by optimism from receding geopolitical tensions and expectations of a Federal Reserve rate cut.
- Bitcoin has been hovering just below $108,000, testing resistance without a breakout, while speculations arise that a rate cut could impact its performance.
- Analysts suggest that Bitcoin could surpass $109,000 and enter price discovery mode if equities continue to rise and capital flows into crypto.
- Despite technical barriers like stalled rally attempts and lack of volatility, sentiment remains bullish that Bitcoin will see a breakout supported by a strong traditional market and potential Fed rate cuts.
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Coinjournal
2w
307
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Euler price soars 27%, eyes new ATH as EulerSwap volume surges
- Euler Finance's token price has surged by 27% in the last 24 hours, reaching above $11 with a potential new all-time high (ATH) on the horizon.
- The increase in price coincides with a significant spike in daily trading volume on EulerSwap, the decentralized exchange of the Euler Finance ecosystem.
- EulerSwap has recorded a remarkable $230 million in trading volume in just three weeks, despite still being in beta.
- The surge in price and trading volume indicates growing market interest and liquidity, positioning Euler's token for a potential breakthrough to surpass its previous ATH of $12.97.
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Coindoo
2w
211
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How Bhutan Secretly Built a Billion-Dollar Bitcoin Treasury with Clean Energy
- Bhutan has built a billion-dollar Bitcoin treasury amounting to nearly 40% of its economy through mining powered by hydropower.
- The digital fortune was amassed through Bitcoin mining operations discreetly managed by state-owned Druk Holding & Investments and a partnership with Bitdeer.
- By using renewable energy for mining, Bhutan has avoided environmental concerns and used Bitcoin proceeds to fund various projects and salary increases.
- Bhutan's integration of Bitcoin into its national strategy without fanfare could serve as a model for other nations with access to clean energy, although market volatility poses risks.
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Coinjournal
2w
407
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Bitcoin Pepe’s presale sees robust inflows as BTC ETFs continue hot streak
- Bitcoin's price hovers around $107,000, just below its all-time high, amidst bullish sentiment and institutional inflows.
- US BTC ETFs have seen consistent inflows for 13 consecutive sessions, totaling over $2.9 billion, signaling rising institutional interest.
- Bitcoin Pepe, a meme-focused Layer 2 project, has attracted over $300K in presale inflows in the last 24 hours.
- Institutional interest in crypto investment products is on the rise, with ETFs like BlackRock's IBIT and Fidelity's FBTC leading in inflows.
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Financemagnates
2w
337
Image Credit: Financemagnates
Coinbase Hits All-Time High with Strong Bullish Signs: But What Do Analysts Think?
- Coinbase (Nasdaq: COIN) has surged to its highest price since its public debut in April 2021, with shares rising 4% to over $369 and gaining 1.6% in after-hours trading.
- The stock became the best-performing S&P 500 stock with a 12.1% gain, attributed to broader crypto sector sentiment and its recent inclusion in the benchmark index as the first crypto firm under financial services.
- Factors contributing to the rally include excitement from Circle's IPO, progress on stablecoin regulations in the US, and Coinbase's S&P 500 inclusion.
- Analysts have mixed views on COIN, with share price surpassing average targets. Some believe in further growth potential, while others anticipate a possible pullback in the future.
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