Author: News Room

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…

Shytoshi Kusama, known in the crypto space as a leading voice in the ecosystem around the Shiba Inu (SHIB) token, made a number of high-profile comments on social network X. The comments touched on both the entire cryptocurrency market and the popular meme-inspired Shiba Inu token in particular. Shytoshi Kusama dispelled doubts once again about the centralization of Shiba Inu, writing that SHIB is fully decentralized and all tokens distributed. As for the demand to burn more tokens, the influencer stated that in order to burn tokens they, the team of ecosystem developers, must burn them or figure out unique…

As of now, two heavyweight block producers are in charge of 95% of all Ethereum (ETH) blocks. This opens a path for potential transaction censorship opportunities associated with advanced MEV strategies. EIP 7805, an upcoming Ethereum (ETH) upgrade, might save the second largest blockchain from this, Jarrod Watts of Abstract Chain says. EIP 7805 to protect Ethereum (ETH) from transaction censorship: DevRel opinion Right now, Ethereum (ETH), the second-largest blockchain, might be vulnerable to transaction censorship. It became possible thanks to dramatic centralization of block production, with 95% of blocks controlled by two entities. FOCIL: Fork-choice Enforced Inclusion Lists, a…

Deribit will integrate Ethena’s USDe as collateral by January 2025. USDe’s decentralized model uses derivatives, unlocking new structured products. Ethena’s governance token ENA token hit an intraday high of $0.63 on the integration news. In a groundbreaking move for the cryptocurrency derivatives market, Deribit, one of the world’s largest crypto derivatives exchanges, has revealed plans to integrate Ethena’s synthetic dollar, USDe, into its cross-collateral pool. This integration, set to launch in early January 2025, is contingent upon receiving regulatory approval. USDe’s integration into Deribit Exchange Ethena’s USDe, a synthetic stablecoin pegged to the US dollar, offers unique decentralized backing through…