Author: News Room

Bitcoin’s next halving event is the main fuel for the discussion about its future price, with most people anticipating $100,000. The chart shows Bitcoin is currently experiencing fluctuations. If we follow past patterns, Bitcoin might show strong growth after the halving. But, it is also possible that this growth will not be as great as before, considering the market’s capitalization and the presence of institutional funds. Right now, Bitcoin is trading around $65,493. It is important to look at the support level at $63,600. This is like a safety net – if the price does not fall below this, Bitcoin…

TRALA LAB is gearing up to shake things up in the gaming world with its latest commitment to zkSync, a cutting-edge technology set to revolutionize the industry. A subsidiary of Joycity, TRALA LAB has made a name for itself with hit games like ‘Gunship Battle’ and ‘Freestyle’, and now it’s ready to take things to the next level.—Teaming up with Matter Labs, TRALA LAB plans to harness its technical expertise to bring a whole new range of AAA games to zkSync. This collaboration isn’t just about making games; it’s about driving innovation and tackling the big issues facing the gaming…

The price of Toncoin (TON) is currently exhibiting a sideways movement, remaining in a state of consolidation. This phase can either lead to a rally or a correction, leaving the future direction of the altcoin in question. Toncoin at a Crossroads Investors in Toncoin are at a crossroads, especially with the price trading above the $5.00 mark, which is seen as a positive development for most. This optimism is largely due to the Global In/Out of the Money (GIOM) metric. It indicates that about 2.12 million TON, valued at over $10.9 million, would enter a profitable state once the altcoin…

On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […] Read the full article here

More than 12 million Binance Pay users can now use the dog-themed memecoin Floki (FLOKI) to purchase goods and services across the globe. Binance Pay is a crypto payment solution that has partnered with thousands of online and offline merchants. The Floki announcement materialized after an active couple of weeks for the memecoin. Floki and its sister project TokenFi, a crypto and asset tokenization platform, are reportedly primed to be the official partners of the World Table Tennis Championship hosted by South Korea this month, which is expected to draw 450 million viewers. Floki developers have also announced a project roadmap…

Coinbase, the largest crypto exchange in the United States, has selected the company that will spearhead the implementation of Bitcoin’s lightning network at the exchange. That partner is Lightspark – a lightning infrastructure provider led by PayPal co-founder David Marcus. Lightning Is Coming To Coinbase Per an announcement from Lightspark on Wednesday, their technology will give Coinbase customers access to “instant” and “cheaper” Bitcoin transfers and will lead to more lightning-related collabs with Coinbase down the line. The lightning network is one of Bitcoin’s most popular “layer two” networks, allowing users to complete transactions instantly instead of waiting on the…

Bitcoin (BTC) continues its price decline into the third day of April. BTC’s value momentarily dipped to $64,673 during the early trading hours in Asia. Nonetheless, a slight recovery was noted, with the cryptocurrency trading at $66,286 at the time of this report. The recent dip also marks Bitcoin’s lowest price point for the past seven days. Spot Bitcoin ETFs Outflows Stir Market Concerns Analysts are linking the recent downturn to outflows from US-traded spot Bitcoin exchange-traded funds (ETFs). According to Farside data, spot Bitcoin ETFs have experienced a cumulative outflow of $110.2 million during the early Asia market. ARK…

The decentralized Physical Infrastructure Network (DePIN) platform IoTeX, has secured a $50 million investment from a consortium of venture capital firms to accelerate the growth and adoption of its ecosystem. According to information shared with CryptoSlate, the investment round was led by SNZ Capital, Foresight Ventures, FutureMoneyGroup, Borderless Capital, and others, with the funds being allocated towards long-term staked IOTX, the native token of the IoTeX network, as well as investments in DePIN projects building on the platform. The IoTeX platform aims to connect smart devices and real-world data to blockchains, enabling developers to integrate Web3 technology into everyday life.…

The U.S. Securities and Exchange Commission has opened the window for comments on three ether spot exchange traded fund (ETF) proposals. The ETF efforts tied to Grayscale Investments, Fidelity and Bitwise will be subjected to a three-week comment period, according to notices posted Tuesday by the agency “to solicit comments on the proposed rule change from interested persons.” Despite rising hopes after the agency’s approval of bitcoin spot ETFs in January, industry analysts have become less optimistic that the regulator will follow suit with the products tracking Ethereum’s (ETH). The commission had been pressured into abandoning its earlier opposition of…

Bitcoin and Ethereum face losses as Treasury yields rise, potentially curbing crypto market enthusiasm. Traders re-evaluate positions amid rate cut expectations, with the Fed potentially holding rates steady. Crypto futures show decreased open interest and funding rates, indicating a potential end to the recent rally. Discover why Bitcoin and Ethereum are retreating, how the latest Treasury yield increase impacts sentiment, and what the market signals could mean for the crypto landscape in this in-depth analysis. BTC and ETH Slump Amid Revived Treasury Yield Strength Bitcoin BTCUSDT 1H Chart 3 APR Bitcoin (BTC) and Ethereum (ETH) nursed losses during Asian trading…