Crypto Market Volatility The crypto market faced a turbulent June, with Bitcoin’s price plummeting by $10,000. Factors like Mt. Gox repayments, miner sell-offs, and government liquidations contributed to the dip. ETFs Show Resilience Despite the bearish sentiment, investors in spot Bitcoin ETFs remained steadfast. These ETFs track Bitcoin’s price directly and were initially met with…
Soaring Swapper Volume Uniswap, a leading decentralized exchange (DEX), has reached a major milestone with its swap volume reaching an all-time high. This surge in activity reflects the growing popularity of DEXs as users seek more control and flexibility in their trading. DeFi Adoption and Innovation The increase in Uniswap’s swap volume is driven by…
The crypto world is buzzing with anticipation as experts predict the approval of a spot Ethereum ETF in the US by mid-July. This could trigger a significant price surge for ETH. Timeline for ETF Launch Nate Geraci, president of The ETF Store, predicts a mid-July launch for the first spot Ethereum ETF. The SEC has…
Understanding Developers’ Pain Points Web 3.0 aims to revolutionize the digital landscape, but its success hinges on addressing developers’ challenges. These include: Steep learning curve: Web 3.0 technology is complex, requiring developers to navigate multiple protocols and keep up with advancements. Lack of user adoption: Real-world examples and clear benefits are needed to drive adoption….
Goldman Sachs, a major US bank, has issued a warning to investors, citing a number of factors that suggest a market correction is on the horizon. Declining Growth and Consumer Sentiment The bank’s strategists point to declining real income growth, a slowdown in GDP growth, and weakening consumer sentiment as headwinds facing the market. Overbought…
Crypto analyst Ali Martinez has noticed a surge in whale activity in the altcoin market. Over the past week, these large investors have acquired a staggering 45 million Toncoin (TON) tokens, worth an estimated $346.5 million. Toncoin Surges Toncoin, the native token of the layer-1 blockchain Toncoin, has seen its value rise by almost 2%…
Tom Lee, the head of research at Fundstrat, is doubling down on his prediction that Bitcoin will hit $150,000. Mt. Gox Repayment Impact Lee believes that Bitcoin’s recent downturn is partly due to the upcoming repayment of Bitcoin by Mt. Gox to its creditors. However, he expects a “pretty sharp rebound” after this process is…
Singapore’s DBS Bank, the largest bank in the country, is partnering with stablecoin issuer Paxos to launch a new crypto custody service. Paxos’ Singapore Approval Paxos has received approval from the Monetary Authority of Singapore (MAS) to offer a digital token payment service in partnership with DBS. This makes Singapore the third market where Paxos…
Miner Selling Pressure Eases Data shows that Bitcoin miners have been selling less recently, due to: Reduced Bitcoin transfers to exchanges for sale Exhaustion of the OTC Desk supply available to miners Impact on Bitcoin Price Miners’ heavy selling in June contributed to Bitcoin’s price drop. However, the decline in selling pressure is a positive…
Upcoming Hard Fork The Cardano Chang Hard Fork is still in the works, but it’s a major event for the ADA cryptocurrency. It’s expected to bring smart contract capabilities to the network, which could boost its value. 2021’s Epic Rally In 2021, the Cardano Alonzo Hard Fork led to a massive price surge for ADA….
