A Big Push for Web3 Gaming The TON blockchain and Animoca Brands are joining forces to make Web3 gaming more accessible to a wider audience. They’re launching a $20 million initiative to incentivize developers and users to join the TON ecosystem. What’s the Plan? The plan involves creating a special fund using MOCA coins and…
Spot Ethereum ETFs are coming, but one analyst is warning investors to hold their horses. While everyone is excited about the potential for these ETFs to boost ETH prices, there’s a hidden danger lurking: a surge in ETH supply. The Supply Problem Crypto expert Benjamin Cohen has pointed out that ETH supply is increasing rapidly,…
Bitcoin’s demand might be picking up, according to on-chain data. A crypto analyst, Julio Moreno, who works for a company called CryptoQuant, has noticed some interesting trends in Bitcoin’s demand. He uses a metric called “Apparent Demand” to measure how much people want Bitcoin. What is “Apparent Demand”? Apparent Demand is calculated by subtracting the…
Hong Kong is about to make history in the crypto world! On July 23rd, they’ll be launching Asia’s first inverse Bitcoin ETF. This means investors can now profit from Bitcoin’s price going down. How It Works The new ETF, called the CSOP Bitcoin Futures Daily (-1x) Inverse Product, is managed by CSOP Asset Management, a…
Ethereum has been on a wild ride lately. After dipping to around $2,800 earlier this month, it’s now back on the rise, gaining over 24%. But while buyers are hoping for a surge past $3,700, there’s a big obstacle in the way. The $3,500 Wall Data shows that Ethereum faces strong resistance at $3,500. A…
Big banks in the US are getting into a fierce competition for your money, offering cash bonuses to attract new customers. This hasn’t happened in years! The Big Players: JPMorgan Chase and Wells Fargo are leading the charge, offering $300 to new customers who set up direct deposit. Bank of America is offering $200 for…
Sergey Nazarov, the mastermind behind Chainlink, believes that traditional finance giants are about to dive headfirst into the world of decentralized finance (DeFi). He’s predicting that the world’s biggest banks and asset managers will soon be using Chainlink to connect with DeFi protocols. A Bridge Between Worlds Nazarov sees this as a huge step forward,…
Crypto analytics firm Santiment is watching closely how different sectors of the crypto market are performing, and they’ve noticed something interesting. Bitcoin and Layer-1 Projects Are Driving the Rally Santiment says that increased volume in Bitcoin and layer-1 projects (like Ethereum) has been a key driver of the recent crypto rally. They believe this is…
Mark Cuban, the billionaire investor and Shark Tank star, thinks Bitcoin (BTC) is about to take off. He believes a Trump presidency would be a major boost for Bitcoin, making it easier for crypto businesses to operate in the US. Why Cuban Thinks Bitcoin Will Boom Cuban sees a perfect storm brewing for Bitcoin: Political…
What Happened? Bitcoin took a sudden dive on Sunday, dropping below $66,000. Dogecoin and Shiba Inu followed suit, losing about 3% each. Why the Drop? The culprit? President Joe Biden’s announcement that he was stepping down from the presidential race. This news sent shockwaves through the crypto market, causing Bitcoin to plummet. A Quick Recovery…
