Author: News Room
A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a double-digit breakout. Crypto trader Michaël van de Poppe tells his 740,700 followers on the social media platform X that Aptos (APT) may surge by more than 65% from its current value after breaking out of a key resistance level. He also believes the announcement that Aptos will support stablecoin USDC on its blockchain is a bullish catalyst. “APT is one of those chains with a massive capacity to facilitate transactions. The price action looks excellent too. Broke a significant resistance zone and great…
[PRESS RELEASE – London, United Kingdom, November 22nd, 2024] The memecoin market is evolving rapidly, with Pepeto ($PEPETO) emerging as a project focused on supporting and integrating all memecoins through its multifaceted ecosystem. Offering features such as a zero-fee trading platform, a blockchain bridge, and a swap solution, Pepeto aims to enhance interoperability, accessibility, and liquidity in the memecoin space. With its presale price currently set at $0.000000093 and a total token supply of 420 trillion, matching that of Pepe, Pepeto seeks to establish itself as a competitive player in the memecoin ecosystem as it builds out its platform. A Revolutionary…
Bloomberg Intelligence showed that the U.S. Bitcoin ETFs broke over $100B for the first time, recording total assets of $104B against $121.65B for Gold ETFs. The U.S. BTC ETFs had a net inflow of $773M as Bitcoin rallied past $99K on November 22nd. Data from Farside revealed that more than $4B had flowed into U.S. BTC ETFs since the election. As of eight days ago, SosoValue’s data showed that U.S. BTC ETFs held $84B in total assets, equating to 66% of Gold ETFs’ total AUM. Bitcoin ETFs are on the rise to challenge Gold ETFs #Bitcoin vs Gold ETF inflows…
Charles Hoskinson, the creator of Cardano and one of Ethereum’s original co-founders, is a misunderstood genius who took the hard road, building a blockchain on foundations of academic research and rigorous engineering. Critics love to dismiss him as a loudmouth; some call him a villain. However, the facts suggest otherwise. Charles is undoubtedly one of the sharpest minds driving the evolution of decentralized technology, and perhaps it’s time we stopped overlooking that. The early days: Ethereum’s first CEO Charles’s crypto story began with Ethereum. In its infancy, Ethereum had a team of co-founders who didn’t exactly see eye-to-eye. Charles’s role…
The Cardano Foundation, responsible for developing the Cardano blockchain, released an updated proposal for the Cardano Constitution to improve the governance of the blockchain ecosystem. Creator Charles Hoskinson expressed optimism for the layer-1 network’s future. The draft of the Constitution, created on July 29th, forms the basis of this updated proposal, which incorporates changes from constitutional workshops, social media discussions, and expert and community feedback. Incidentally, the updated proposal is to be made available in Japanese, Spanish, Hindi, Portuguese, and other languages for ease of use for the community. Improving Accessibility and Transparency The updated proposal aims to “improve the…
While Ethereum bulls emerged today, propelling ETH back to the $3,400 range, significant selling pressure has hindered its price ascent. Recent analysis shows that a long-standing holder of Ethereum emerged to dump a large number of ETH tokens after the asset pumped by 10% today. Market watcher Lookonchain drew attention to this development in a recent disclosure, revealing that a whale was engaging in a continuous selling spree of ETH after being inactive for nearly a decade. Today alone, the whale cashed out nearly $4.5 million worth of ETH. Details of the ETH Tokens Under Liquidation Notably, the ETH tokens…
Binance, the world’s largest crypto exchange, has exceeded 240 million users globally, according to a Nov. 22 statement shared with CryptoSlate. This number means that the crypto trading platform has added 70 million new users this year, considering it finished 2023 with 170 million users. So, if Binance were a nation, its population would rank sixth globally, surpassing Brazil, Nigeria, and Russia. Binance CEO Richard Teng revealed that this growth stems from retail and institutional adoption. He noted that the exchange has seen a sharp rise in institutional onboarding, doubling rates in the past year. He stated that Binance now…
PNUT price has dropped more than 20% in the last 24 hours, following its recent surge after being listed on major exchanges, where it reached $2.28. This sharp decline highlights weakening momentum, as indicators like ADX and RSI suggest that the uptrend is fading. Despite this, PNUT still has the potential for a strong recovery if buyers return. However, if bearish pressure continues, PNUT could face a significant correction, testing key support levels and potentially losing more ground. PNUT Current Uptrend Is Fading Away PNUT currently has an ADX of 18.76, significantly down from above 50 just a few days…
SEC Commissioner Mark Uyeda advocated for safe harbors and regulatory sandboxes to foster crypto innovation during a Fox Business interview with Stuart Varney. Uyeda, a potential SEC chair candidate under Donald Trump’s administration, emphasized the need to end what Trump has termed the “war on crypto” and establish clearer regulatory guidelines. “Many crypto assets are not securities but are being labeled as such,” Uyeda said during the interview with Stuart Varney. He emphasized the importance of collaboration between Congress, the White House, and regulatory agencies to create a comprehensive framework for the industry. When questioned about his potential appointment as…
The price of the native token of smart contract platform Cardano ($ADA) has surged by more than 43% over the past week and over 140% in the last 12-month period amid a wider cryptocurrency market rally. ADA’s surge was notably accompanied by a rise in whale transactions. The cryptocurrency, as CoinDesk reported, has recently briefly surpassed the $0.9 mark on various exchanges – its highest level since May 2022 – amid the rise, to have a market capitalization of over $30 billion. The rally has been fueled by whale accumulation, with popular cryptocurrency analyst Ali Martinez noting that over the…