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Cryptography News
Coindoo
1d
34
Image Credit: Coindoo
Fidelity Sees Ethereum as the Stronger Long-Term Bet, Despite Solana’s Rapid Gains
- Fidelity sees Ethereum as a stronger long-term bet compared to Solana, despite Solana's rapid gains in revenue and total value locked (TVL).
- Ethereum's robust ecosystem, developer engagement, stablecoin usage, and TVL are highlighted by Fidelity as signs of its foundational strength.
- Solana's momentum is attributed to its low-cost, high-speed blockchain architecture, making it popular for trends like memecoins, though Fidelity cautions about market trends' cyclical nature.
- While Solana's upcoming Firedancer upgrade aims to enhance scalability, Fidelity maintains that Ethereum's fundamental value surpasses Solana's speed-driven growth for institutional and long-term investors.
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Coinjournal
1d
185
Image Credit: Coinjournal
Chainlink (LINK) accumulation hints at big breakout; check forecast
- Chainlink's LINK is up 4% in the last 24 hours, trading at $14 and is showing signs of a potential breakout towards $17 after weeks of accumulation around $13.
- The cryptocurrency market is on an upward trend, with Bitcoin above $109k and Ether crossing $2,600. LINK is among the top performers and is poised to rally higher.
- LINK has been accumulating between $12 and $14 despite recent positive developments, indicating a potential breakout. Analysts expect LINK to reach $17 soon.
- LINK's technical indicators are bullish, with RSI at 64 showing buying pressure. The coin could test resistance levels at $15.7 and $17.9, with strong support at $12.6.
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Cryptopotato
1d
311
Image Credit: Cryptopotato
Ripple Taps The Oldest US Bank to Custody RLUSD
- The Bank of New York Mellon Corporation (BNY Mellon) has been chosen to be the custodian for Ripple's RLUSD stablecoin.
- RLUSD was launched at the end of last year and is pegged to the US dollar at a 1:1 ratio, focusing on enterprise utility for cross-border payments.
- BNY Mellon has a history of involvement in the cryptocurrency market and will also provide transaction banking services to Ripple.
- This collaboration aims to bridge the gap between traditional finance and cryptocurrencies, targeting institutional-scale digital asset adoption.
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Coindoo
1d
201
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New Gold-Backed Crypto Venture Secures Billion-Dollar Funding
- Two firms secure $1.1 billion to challenge established players in the digital asset sector by tokenizing real-world assets.
- Funding includes $100 million in convertible debt and a $1 billion equity credit line for a gold-backed digital finance arm.
- New venture plans to purchase gold directly with its own capital for tokenization on blockchain networks, creating liquidity in-house.
- BioSig and Streamex aim to introduce the first tokenized gold instrument by early 2026, despite BioSig's stock decline after the announcement.
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Coinjournal
1d
98
Image Credit: Coinjournal
XRP price forecast as coins surges 2.19% to $2.33
- Ripple applies for a US banking license and CEO Garlinghouse is shaping national crypto policy, contributing to positive market sentiment.
- XRP price forecast shows an upward bias toward $2.40, with technical indicators indicating bullish momentum.
- Traders are monitoring for a breakout above $2.3531 to confirm bullish continuation and potential targets at $2.38 and $2.40.
- XRP's recent strength is attributed to regulatory clarity, legal victories, policy engagement, and technical improvements, supporting a bullish outlook for XRP's growth.
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NullTX
1d
113
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PEPE PRICE ANALYSIS & PREDICTION (July 9) – Pepe Brews For a New Wave as Meme Coins Resurges, But Volume Looks Low
- Pepe's market structure has been under bearish territory on the short-term scale, but sentiment is turning positive for meme coins.
- Pepe faced a significant loss but managed to stay above $0.00008 and has since been struggling to recover, with low volatility and buying pressure.
- Bulls are slowly regaining strength, with a potential for a significant increase in price if a strong commitment is shown, aiming to reclaim previous monthly highs.
- Key resistance levels for Pepe include $0.0000116, $0.0000136, and $0.0000163, while key support levels are at $0.0000083, $0.0000076, and $0.000006. Current spot price is $0.00001 with a bearish trend and low volatility.
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Changelly
1d
338
Image Credit: Changelly
Crypto Market Cycles: A Simple Guide for Beginner Traders
- Cryptocurrency market cycles follow repeating phases ranging from accumulation to distribution to downtrend.
- These cycles are driven by changing investor behavior, influenced by emotions like greed and fear.
- Understanding market psychology can help traders navigate different phases and make informed decisions.
- Crypto market cycles differ from traditional markets due to speed, volatility, and sensitivity to news.
- Halvings, supply cuts in Bitcoin every four years, often catalyze major crypto cycles.
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Changelly
1d
216
Image Credit: Changelly
Bull and Bear Markets in Crypto: Everything Beginners Need to Know
- Understanding bull and bear markets in crypto helps in making smarter decisions.
- Crypto's volatility, emotional reactions, and impact of news can influence market cycles.
- Bull markets signify growth, optimism, high activity, and upward momentum.
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Coindoo
1d
319
Image Credit: Coindoo
Bitcoin Stalls Below All-Time High as Market Awaits Fresh Momentum
- Bitcoin is hovering near its all-time high of $111,900, but its rally has paused, reflecting growing investor uncertainty.
- Traders are hesitant to push the price higher without stronger catalysts, leading to muted demand and mild profit-taking.
- Analysts point to technical resistance near $110,000 and a potential shift in sentiment that could trigger a downturn.
- Bitcoin remains above its 200-day moving average, indicating a long-term bullish trend, but the market is awaiting a new driver for its next move.
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Coindoo
1d
250
Image Credit: Coindoo
Cardano Price Prediction: What Can we Expect in the Long-Term?
- Cardano's ADA was trading around $0.60 with a 4% gain on Wednesday, hinting at possible momentum recovery in the long term.
- Industry analysts suggest that Cardano's focus on scalability and network upgrades like Leios could lead to a strong recovery, attracting developers and users to the platform.
- Predictions indicate ADA could reach $3.85, surpassing its all-time high, potentially offering significant returns for investors by 2030.
- While growth depends on market conditions and competition with established players, Cardano's technology and potential 5x returns in five years make it an attractive investment option for long-term investors.
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Coindoo
1d
41
Image Credit: Coindoo
Bitcoin Futures Pivot to Long Positions — Is $112K the Next Stop?
- Bitcoin nears $109,000, showing recovery and increased futures open interest by 7%.
- Traders optimistic as long positions increase, eyeing potential breakout to $112K.
- Positive market sentiment supported by U.S. Fed policy shifts and growing institutional inflows.
- Recent Coin Days Destroyed spike seen as reshuffling before possible price surge.
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Coindoo
1d
273
Image Credit: Coindoo
Ethereum Defies Weak Network Activity as Price Holds Firm
- Ethereum's resilience in price is attributed to factors like institutional interest, stability in stablecoin activity, and upcoming U.S. legislation.
- Institutional investors are considering Ethereum as a store of value, leading to its incorporation into investment portfolios.
- Ethereum remains prominent in stablecoin issuance, ensuring liquidity and transactional relevance.
- Matrixport identified $2,500 as a vital support level for Ethereum's bullish momentum, alongside seasonal patterns favoring ETH performance in July.
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Coinjournal
1d
319
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Cronos (CRO) up 18% after inclusion in Truth Social’s Crypto Blue-Chip ETF
- Cronos's CRO token surged by 18% to reach a high of $0.1000 after being included in Truth Social's Crypto Blue-Chip ETF led by Trump Media & Technology Group.
- Altcoins such as Ether, Solana, XRP, Cardano, Aave, and Cronos have shown positive performance backed by strong fundamentals in the last 24 hours.
- CRO, the native coin of Cronos blockchain, is the top performer among the top 50 cryptocurrencies by market cap, with a potential resistance level at $0.1099.
- Technical indicators suggest bullish momentum for CRO with a potential rally towards the $0.1099 resistance level, but bears could bring it down to the $0.0793 support level.
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Financemagnates
1d
167
Image Credit: Financemagnates
New Zealand to Ban Crypto ATMs to Curb Money Laundering
- New Zealand will ban cryptocurrency ATMs and cap international cash transfers at NZ$5,000 to combat money laundering.
- The ban will affect the 221 crypto kiosks currently operating in New Zealand, aiming to disrupt financial crime and prevent criminals from turning cash into high-risk assets like cryptocurrencies.
- Australia recently implemented a similar measure, limiting crypto ATM transactions to AU$5,000 and strengthening customer checks to address financial scams.
- New Zealand is introducing a bill to enhance authorities' ability to tackle money laundering while streamlining compliance rules intelligently to focus on actual risks rather than burdensome paperwork.
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Coindoo
1d
335
Image Credit: Coindoo
Concerns Mount Around New Stablecoin
- Analysts and DeFi risk monitors are raising red flags about the new stablecoin USDf, as only a fraction of its reserves are on-chain.
- Approximately $25 million of USDf's reserves are on-chain, while the majority, about $610 million, is held off-chain in unspecified assets.
- Critics express concerns about the lack of transparency, with just 15% of reserves being stablecoins and 85% listed vaguely as 'other'.
- The controversy surrounding USDf has led to warnings of systemic risks, especially after a $9 million hack involving a platform that included USDf in lending systems.
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