Solana-based HUND meme coin surges amid ETF hopes and NFT launch

Solana-based meme coin HUND has seen significant gains, surging over 17% and gaining trending status on Google. At the time of writing, HUND was still up 9%, exchanging hands at $0.00942 per data from CoinMarketCap. The crypto asset also saw a 3.7% rise in its daily trading volume, currently hovering around $4.6 million. HUND 24-hour […]

Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with […]

Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend […]

Has the Crypto Market Peaked? Here’s What the Experts Say

After a strong start this year, market participants are wondering what’s next for crypto. Not a whole lot, according to some. Others see further price gains throughout the second half of 2024 following one of the strongest showings in exchange-traded fund history. That’s come despite persistent inflation, geopolitical tension, and shifting politics on U.S. home […]

XRP Price Maintains Support Level: What It Means For The Bulls

XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend […]

Toncoin (TON) to Hit $8 If This Happens, Shiba Inu (SHIB) Is Anemic: Is It Good or Bad Thing? Bitcoin (BTC) at Pivotal Moment Reaching $63,000

Despite the marketwide bear trend, Toncoin looks unphased and just moves upward like it did a few weeks ago, despite the major shift. Thanks to a strong ecosystem, TON is unlikely to feel the pressure coming from Ethereum, Bitcoin and other “legacy” cryptocurrencies. One of the biggest messaging services in the world, Telegram, provides strong […]

Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish?

Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible overvaluation. Analyst: Bitcoin Is Overvalued, Here’s Why In a post on X, one analyst […]

U.S. Treasury issues new Cryptocurrency tax rules

The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules for those will come later in the year. Under the new framework, crypto brokers, hosted wallet services, and digital asset outlets must file 1099 tax […]

Bitcoin’s Bottom in Price Could Be Near or Already In, the Coinbase Premium Index Suggests

Bitcoin’s price premium on Coinbase has plummeted to negative levels rarely seen, CryptoQuant data showed. Similar readings in November 2022 and August 2023 foreshadowed imminent local price bottoms and subsequent rallies. Bitcoin (BTC) is trading at a deep discount on crypto exchange Coinbase, which could be a sign that the largest crypto asset’s price is […]

Krueger: Bitcoin Price to Double This Year

According to Fred Krueger, a popular Bitcoin advocate, the price of Bitcoin (BTC) could be on track to double between now and the end of the year. “No more turtle nonsense,” he added. The bullish prediction comes as the Bitcoin price is attempting to revive its bullish momentum. Earlier today, the price of Bitcoin peaked […]

Bitcoin (BTC) Faces Strong Volatility On Divergent US PMI Data

The price of Bitcoin (BTC) is seeing shocking volatility at the moment characterizing sharp selloffs and growth. At the time of writing, the coin’s price comes in at $62,743.35, up by 2.04% in 24 hours. Prior to this resurgence, Bitcoin traded as low as 3%, however, this bearish set-up was not sustained.

VanEck’s Matthew Sigel confirms Solana ETF is a bet on Trump victory

VanEck Head of Digital Assets Research Matthew Sigel confirmed speculation that the company’s Solana spot ETF proposal bets on Donald Trump winning the US presidency. The deadline for VanEck’s application is set for March 2025, which would put it well beyond the aftermath of the US Presidential elections in November. Sigel simply responded with a […]

There is a “Low Volatility Alert” on this Altcoin: “Be Prepared”

In a recent statement, an analyst from renowned cryptocurrency analysis firm CryptoQuant issued a “Low Volatility Alert” for Toncoin (TON). The analyst predicts that TON, which is currently trading near its all-time high, is about to experience a significant change in price volatility. Over the past few months, TON has entered a period of stability […]

Bitcoin Bulls Advance Price, Face Resistance at $64K

The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M […]

Coinbase Stock Price Prediction Hints $300 Rally as Bullish Pattern Emerge

Coinbase Stock Price Predicti: On Monday at 3:12 PM EDT, the U.S. market displayed relative stability with the S&P 500 index seeing a slight increase of 0.14% to $5469. Meanwhile, Coinbase’s stock stood out with a notable 5.6% rise to $235 within the day. This surge in Coinbase share value is largely due to a […]

On the Margin Newsletter: Unpacking the ‘big win’ in SEC v Binance

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Binance notched a small win in its […]

Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level

A crypto analyst has uncovered a new technical pattern in the Cardano price movements, signaling the potential for a substantial rebound. Echoing this optimism, another analyst has affirmed that Cardano may have hit its bottom and could be on the verge of rebounding to $0.8. Analyst Declares Cardano’s Price Bottom In an X (formerly Twitter) […]

Is This the Future of Ethereum Staking? Inside Lido’s Innovative CSM Testnet

In a notable advancement for Ethereum staking, Lido has announced the launch of the Community Staking Module (CSM) testnet, a significant step in its mission to democratize and decentralize Ethereum staking. This new initiative is designed to open up staking opportunities to a broader audience, initially targeting early adopters and soon, all node operators by […]

Ethereum (ETH) Price Analysis: Impact of ETF Launch and Subsequent Staking

Ethereum (ETH) price is expected to note a massive surge following the launch of spot ETH ETFs this week. However, the bigger question is whether the hype surrounding the ETFs will be able to bring interest back into staking or not. Spot Ethereum ETF Could Bring Major Changes Ethereum’s transition from proof of work to […]

AI Won’t Destroy Mankind—Unless We Tell It To, Says Near Protocol Founder

Artificial Intelligence (AI) systems are unlikely to destroy humanity unless explicitly programmed to do so, according to Illia Polosukhin, co-founder of Near Protocol and one of the creators of the transformer technology underpinning modern AI systems. In a recent interview with CNBC, Polosukhin, who was part of the team at Google that developed the transformer […]

NFT Sector Records Worst Performance in June: Sales Plummet Across the Board

Non-fungible tokens (NFTs), once hailed as the future of digital collectibles, experienced a sharp downturn in June. According to the crypto analytics platform Artemis, the NFT sector recorded the worst performance among 21 sectors, with a staggering 51.5% decline. This trend raises concerns about the sustainability of the NFT market. Sales Slump Across Major Blockchains: […]

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