TL;DR Shiba Inu’s spike in large transactions and increase of investors currently in profit suggest the meme coin could be headed for further gains in the near future. On the other hand, slight drop in network growth and a 50% decline in SHIB’s burn rate indicate potential challenges ahead for price momentum. Showing Mixed Signals […]
Crypto market analysts have been scouring the charts looking for signals of an altcoin breakout. However, they have yet to make a big move and usually follow in the wake of a Bitcoin surge. On Sept. 24, Glassnode co-founder ‘Negentropic’ observed the Bitcoin/altcoin cycle noting that alts have followed the bullish momentum of BTC. “It […]
[PRESS RELEASE – Hamilton, Bermuda, September 24th, 2024] HashKey Global, a licensed virtual asset exchange, has announced the launch of a zero-fee campaign for futures trading, set to go live on September 27, 2024. Aiming to become the world’s largest licensed futures trading platform, HashKey Global is the first in the industry to introduce zero […]
[PRESS RELEASE – Vietnam, Vietnam, September 24th, 2024] RENEC Lend, a decentralized finance (DeFi) platform backed by the RENEC Foundation, is excited to announce a limited-time airdrop event for its native token, Relend Token (REL). As the anticipated REL listing on Solana and RENEC decentralized exchanges (DEXs) approaches by the end of September, this airdrop […]
Crypto investment products have continued to receive heightened investor interest as the funds recorded their second consecutive week of inflows. According to a report by the crypto investment firm CoinShares, global digital asset funds posted a total of $321 million in inflows last week. This figure, however, is slightly lower than the $436 million recorded […]
After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000. The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale. Bitcoin’s price actions were quite […]
Crypto markets have held on to last week’s gains over the weekend following a boost from the Federal Reserve’s 0.5% interest rate cut. This week has a number of reports on consumer sentiment, gross domestic product, and more inflation data. “Expect more volatility and larger swings as markets shift attention to the next Fed meeting,” […]
Solana’s biggest decentralized trading platform, Jupiter Exchange, has taken over SolanaFM, a leading Solana blockchain explorer. The parties have described the move as a way to speed up development in their data and infrastructure capabilities in order to improve their functionalities for the Solana community. Optimism About the Acquisition In an X post published on […]
Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which started in 2017. According to a September 18 CBC news story, following years of research into the potential for a digital version of the Canadian dollar, the local central bank has decided to move away from the initiative. Bank of Canada Rethinks Digital […]
While several central banks across the globe are actively exploring the feasibility of launching a Central Bank Digital Currency (CBDC), a recent survey has revealed that cash will not be going away anytime soon as a majority of consumers are not enthusiastic about using those products. The survey, conducted by Deutsche Bank, Germany’s leading investment […]