Author: News Room
After several days of charting new local lows, Bitcoin’s price reversed its trajectory following the latest FOMC meeting and soared by over seven grand at one point. Numerous altcoins have performed even better on a daily scale, and some of the biggest gainers come from the meme coin cohort. BTC’s Recovery The primary cryptocurrency was in a state of a freefall ever since last Thursday, when it actually charted its latest all-time high of almost $74,000. This came after gaining over ten grand within the past week or so. The asset slumped by about eight grand the next day and…
Scott Melker, also known as the “Wolf of All Streets,” has shared some concerns regarding the bitcoin market. Pointing to his “top signals,” he cautioned that the market could “cool off massively for a few months before hopefully ramping up again in the fall.” This Market Could ‘Cool off Massively’ Scott Melker, also known as the “Wolf of All Streets,” shared his concerns regarding the current bitcoin market in a post on social media platform X on Monday. Melker is a well-known trader, investor, writer, and host of the Wolf of All Streets podcast. In 2020, he won the Binance…
Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms. This move marks an alignment between two of the most active DEXes in the Cosmos ecosystem, aiming to improve the overall trading experience and capital efficiency for users. PCL pools, which aim to provide the benefits of concentrated liquidity without requiring active management, will be offered alongside Osmosis’s existing “supercharged liquidity” pools. Astroport’s pools utilize an advanced repegging algorithm that automatically concentrates liquidity around the exponential moving average of ongoing trades.…
ITEM Systems has announced plans to install a new non-fungible item bronze plaque at a mural located in Santos, Brazil. The associated mural was installed to celebrate the 150th anniversary of the first wave of Italian immigrants to the region, many of whom came from Genoa, Italy. Similar to those installed at DENVER WALLS, the NFI plaque will offer tap-and-scan functionality for mural visitors to learn more about the artwork, its artists, and the piece’s cultural significance to the region. Entitled A Sea of Hope, the mural is part of local municipal efforts to revitalize the Valongo neighborhood in the…
Outlier Ventures and peaq have announced a groundbreaking collaboration to launch the DePIN Base Camp Accelerator program. Decentralized physical infrastructure networks (DePINs) can be developed and used faster with this initiative. DePINs reportedly will change many aspects of life. peaq and Outlier Ventures (@OVioHQ) present:DePIN Base Camp 🏕️An accelerator program empowering the next generation of visionary #DePIN founders, by #Web3’s biggest accelerator and fastest-growing Layer-1 for #DePINs ✨⏰ 12-week program💰 Up to $200k in funding📅… pic.twitter.com/Dl6x2wfTy6 — peaq (@peaqnetwork) March 19, 2024 DePIN Base Camp to Launch 12-Week Program DePINs are at the forefront of the transition to Web3. They…
Amidst a whirlwind of advancements witnessed within Shiba Inu’s ecosystem recently, the meme coin’s strategic collaboration with Zama appears to be garnering global attention as SHIB’s ecosystem developer spotlighted key insights on what the partnership aims to bring. In a post shared by Kaal Dhairya on X today, March 20, the ecosystem developer joined the chorus of praise for Shiba Inu, drawing attention to vital partnership insights following the meme coin’s recent scoring of the 11th rank by global market cap, per CoinMarketCap’s data, further escorted by a nearly 150% monthly surge. Read the full article here
The U.S. Securities and Exchange Commission (SEC) is facing significant pressure from U.S. lawmakers to refrain from approving the spot Ethereum ETF. The likelihood of Ether ETF approval has diminished as the SEC considers classifying the altcoin as a security. Despite these challenges, industry stakeholders have rallied behind Ethereum in solidarity amidst these unfolding developments. Read the full article here
Robinhood (Nasdaq: HOOD) has launched its brokerage services in the United Kingdom after two failed attempts. However, the hurdles for the broker continued as it dropped margin trading services from its UK offerings hours after the launch. “Margin investing is paused as we continue to discuss with the regulator,” a spokesperson for Robinhood told Reuters. Margin investing is complex and involves offering leverage to traders, allowing them to take bigger positions. This type of trading is risky as the losses can be substantial if the market moves in the opposite direction. At launch, a Robinhood UK page about margin trading…
Pepe is resilient amidst the market downturn, showing a 5% surge. PEPE’s bearish trend was observed, with potential for both bullish and bearish scenarios. Pepe, one of the prominent memecoins, has been making waves recently. Just six days ago, it reached an all-time high of $0.00001074, showcasing an impressive performance that caught the attention of the investors. Over a month, Pepe experienced a remarkable 450% surge, propelling it into the top 45 cryptocurrencies by market capitalization. However, the broader cryptocurrency market faced a downturn yesterday, with all memecoins witnessing double-digit declines. Pepe was not immune to this trend, plummeting to…
Empower Oversight has sued the U.S. Securities and Exchange Commission (SEC) for failing to comply with the Freedom of Information Act (FOIA). The move comes as the SEC neither produced any documents nor committed to producing documents related to the ETHGate scandal when SEC officials declared Ethereum (ETH) as not a security. Read the full article here