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Coindoo
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Pakistan Prepares Trial Run for Digital Currency
- Pakistan, led by the State Bank of Pakistan (SBP), is preparing for a trial run of a digital version of the Pakistani rupee.
- The SBP aims to test the digital currency within the financial system, joining other countries exploring blockchain-backed currencies.
- In addition to the CBDC pilot, SBP is finalizing legislation to regulate the digital asset space, establishing standards for crypto-related activities.
- Pakistan's move towards digital currency follows the formation of the Pakistan Crypto Council (PCC), aiming to update financial infrastructure and align with global trends.
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Cryptoticker
1d
37
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Don’t Ignore XRP: The Price Pattern You Must See Today
- XRP price is showing signs of building upward momentum and pushing against key resistance levels on the daily chart.
- The Relative Strength Index (RSI) is trending higher, Heikin Ashi candles suggest strong buyer sentiment, and investors are speculating on whether XRP can break past $2.50 and aim for $3.
- Technical analysis indicates that XRP's recent bullish structure with higher highs and higher lows could lead to a potential breakout towards $2.60 and possibly $2.80, with $3 as a stretch target this month.
- Traders should watch for a possible pullback around $2.25 before a potential move towards higher levels, contingent on Bitcoin and market conditions remaining bullish.
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Coindoo
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347
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Pump.fun Token Sale Leaks Ahead of Official Announcement
- The highly anticipated Pump.fun token sale announcement was leaked, revealing that investors in Europe would be excluded from participating.
- Screenshots of the deleted announcement spread on social media, generating buzz about the upcoming token sale rollout.
- Another crypto exchange, Gate.io, had also accidentally disclosed similar launch details a day prior to Pump.fun's leak.
- Despite the unintentional disclosures, interest in Pump.fun's token sale remains high, with the market eagerly awaiting the official release on July 12.
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Cryptopotato
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3 Reasons a Cardano (ADA) Rally Might Be Closer Than You Think
- Cardano's ADA has witnessed a 7% price surge, nearing $0.60, fueled by bullish indicators.
- Whale activity, with notable purchases of 120 million ADA by large investors, hints at increasing market interest.
- ADA's exchange netflow turning negative and potential approval of a spot ADA ETF in the US could further drive price uptrends.
- Analysts like Sheldon The Sniper and Crypto King anticipate a significant rally for ADA, targeting levels above $1.
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Coindoo
1d
343
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New Zealand Cracks Down on Crypto ATMs and Tightens Cross-Border Cash Flows
- New Zealand tightens regulations on crypto ATMs and cross-border cash flows as part of anti-money laundering efforts.
- Authorities aim to disrupt illicit funds and criminal activities facilitated by the 221 existing crypto ATMs.
- Deputy Justice Minister announced broader investigative powers and increased access to financial data for intelligence agencies.
- Mixed industry responses with some welcoming better oversight while others highlight vulnerabilities like lack of identity checks at crypto ATMs.
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Coindoo
1d
64
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BlockDAG Tops Bullish Altcoins List With $334M Raise as Solana Price Outlook Wavers & Aptos Price Update Impresses
- BlockDAG raises over $334 million, offers limited-time price of $0.0016, and secures sports partnerships.
- Aptos shows strength in regulatory space with price near $4.78, potential ETF inclusion.
- Solana's ETF sparks brief jump to $158.30 before weakening, facing declining metrics.
- BlockDAG leads with low pricing, sports integration, and massive presale success.
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Coinjournal
1d
279
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South Korea’s crypto reform plans offer tax cuts and funding access to companies
- South Korea plans to recognize crypto businesses as venture companies, granting them access to tax breaks, state funding, and government-backed loans.
- The Ministry of SMEs and Startups introduced a proposal to reclassify virtual asset firms, aiming to reverse the rule that restricted crypto startups from the country's venture ecosystem.
- The move aligns with President Lee's pro-crypto economic strategy, marking a shift in policy to acknowledge the innovative qualities of crypto companies.
- The proposed legislative change, if enacted, could bring industry legitimacy, attract investors, and foster growth in South Korea's blockchain and crypto sectors.
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Coindoo
1d
272
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Bitcoin Market Still Has Room to Run, According to Fractal Analysis
- Analysts at Alphractal rely on a model called the 'Recurring Fractal Cycle' to predict Bitcoin's market movements, suggesting more potential upside for the cryptocurrency.
- This model has accurately identified previous local tops and bottoms in the Bitcoin market, indicating that Bitcoin may still have room to grow based on historical patterns.
- Alphractal also highlights the increasing valuation of mining stocks like Iris Energy (IREN), signaling potential market volatility on the horizon. This divergence between Bitcoin's price and mining stock performance could lead to significant market shifts.
- While acknowledging that no model can predict the future with certainty, Alphractal emphasizes the significance of monitoring the 'Recurring Fractal Cycle' and the evolving relationship between mining stocks and Bitcoin market cap for insights into Bitcoin's future trajectory.
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Coinjournal
1d
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BONK price up 60% in 7 days: can the meme coin go higher?
- BONK, a meme coin on the Solana blockchain, has surged nearly 60% in the past week driven by market sentiment and speculation surrounding ETF-related demand.
- Key technical indicators point to continued accumulation, including negative net flows on exchanges and a potential Golden Crossover between 50 and 200-day EMAs.
- BONK broke out of a year-long falling wedge pattern but is currently trading at $0.00002128, down 5.95% in the last 24 hours.
- Traders are cautious as BONK approaches key resistance levels at $0.00002840, with potential support zones at $0.00002577 and $0.00003670. Speculation around BONK's inclusion in crypto ETF portfolios has contributed to its recent price surge.
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Changelly
1d
60
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What Is Copy Trading in Crypto and How Does It Work?
- Copy trading in crypto allows beginners to mirror skilled traders' actions effortlessly.
- Follow experienced traders automatically to learn strategies and avoid common pitfalls.
- Choose trusted platforms, diversify, and monitor trades for successful copy trading experience.
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Changelly
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How to Start Swing Trading Crypto: A Practical Guide
- Crypto swing trading offers a balanced approach between day trading and long-term holding.
- Swing trading involves holding trades for days, capturing short-term price movements in crypto.
- To succeed, choose the right assets, set up trading tools, and understand chart patterns.
- Follow a structured plan, use technical indicators, and manage risk for profitable swing trading.
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Changelly
1d
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Spot Trading in Crypto: A Simple Guide for Beginners
- Spot trading in crypto involves direct buying and selling of cryptocurrencies at current prices.
- It offers hands-on experience with real asset ownership, making it ideal for beginners.
- Spot trading is immediate, transparent, and high on liquidity compared to other methods.
- While simple and direct, spot trading lacks leverage and may expose beginners to risks.
- Overall, spot trading serves as a foundational method for entering the crypto market.
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Coindoo
1d
223
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Emirates Prepares to Embrace Bitcoin Payments Through Partnership with Crypto.com
- Emirates has partnered with Crypto.com to enable customers to pay for flights using Bitcoin and other cryptocurrencies.
- The preliminary agreement sets the foundation for Emirates to accept digital assets as a payment option for ticket bookings.
- The initiative, expected to launch next year, aims to support the UAE's efforts in becoming a global hub for digital finance and crypto innovation.
- Emirates sees the partnership as a way to appeal to tech-savvy travelers and align with evolving consumer behavior, potentially marking a milestone in mainstream crypto adoption in the travel industry.
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Coinjournal
1d
332
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BNY Mellon to custody Ripple’s stablecoin reserves
- Ripple partners with BNY Mellon to custody RLUSD reserves for regulatory compliance and institutional trust.
- BNY Mellon appointment aims to facilitate the movement of reserve assets and cash to support RLUSD conversions.
- The collaboration reflects a trend of traditional financial institutions entering the stablecoin space.
- Ripple also applied for a US banking charter and Federal Reserve master account to deepen its role in the US financial system.
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Changelly
1d
227
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What Is Leverage Trading in Cryptocurrency? A Guide to Start From
- Leverage trading lets you control more capital using borrowed funds or collateralized contracts.
- It amplifies profits and risk—small price swings can lead to liquidation of positions.
- Crypto leverage trading includes margin and synthetic margin, with various leverage ratios available.
- Risk management, leverage selection, and understanding margin setups are crucial for successful trading.
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