Author: News Room
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…
Optimism (OP) price has surged 43.40% in the last seven days, showcasing strong bullish momentum in the market. The uptrend is supported by rising trend strength, with the ADX confirming growing momentum and EMA lines showing a bullish setup. Despite the rally, a declining trend in daily active addresses suggests caution, as it may indicate reduced network activity and potential pressure on OP’s price. Whether OP can sustain this momentum to test resistance at $3 or face a deeper correction depends on the strength of buyer interest in the coming days. OP Current Uptrend Is Strong Optimism currently has an…
This week, the crypto economy soared to an astounding $3.29 trillion. Bitcoin (BTC) rose by 10%, while ether (ETH) followed closely with a 9% uptick. Meanwhile, a wide array of alternative digital currencies posted impressive gains, with many achieving growth in the double- and even triple-digit range. From DOGE to XLM, Crypto Market Thrives As […] Read the full article here
The race to launch the first Solana-focused exchange-traded fund (ETF) is heating up, with four major issuers filing applications with the Chicago Board Options Exchange (CBOE). This development seems to have triggered a charge leading to the price of Solana’s native SOL token to a new all-time high (ATH), pushing it almost past $263 only hours before this writing. SEC Filings and Optimism The applications are from Bitwise, Canary Capital, VanEck, and 21Shares and have been filed as Form S-1s and 19b-4s with the U.S. Securities and Exchange Commission (SEC). Notably, Bitwise’s S-1 submission, dated November 21, indicates its intention…
Bitcoin prices rose above $99,000 on Thursday, November 21, as the digital currency came ever closer to breaking through the $100,000 level. The world’s most popular cryptocurrency reached nearly $99,400, according to Coinbase data from TradingView. The digital asset, which has generated substantial visibility at many points, has managed to draw even more eyeballs recently as highly favorable market conditions push it to a string of fresh, all-time highs. “The sentiment for Bitcoin is extremely bullish right now: From traders, media, retail investors an big institutions: Everybody wants to be part of the actual bull run which might be still…