Reasons for Filing VanEck’s head of research, Matthew Sigel, has outlined the reasons for filing for a Spot Solana Exchange Traded Fund (ETF): Solana (SOL) is a major competitor to Ethereum, the world’s largest altcoin. SOL’s unique technological architecture allows for high scalability and speed, processing thousands of transactions per second. Solana’s blockchain network handles…
Jesse Powell’s Support Jesse Powell, co-founder of Kraken, has donated $1 million to Donald Trump’s 2024 election campaign. Powell believes Trump’s support for cryptocurrency is crucial for the future of blockchain technology in the US. Crypto Industry’s Discontent Powell’s donation reflects growing dissatisfaction within the crypto industry over the Biden administration’s regulatory policies. The industry…
Dogwifhat (WIF) The largest WIF holder has increased their holdings by 2.3 million tokens, bringing their total to over 23 million WIF. This purchase follows a previous large acquisition of 17.22 million WIF. Other Memecoin Whales Another WIF whale who had previously lost $4.63 million has also purchased more tokens, indicating a belief in the…
Despite riskier lending practices, the Federal Reserve (Fed) reports that America’s largest banks have sufficient capital to withstand a major financial crisis. Stress Test Results In a simulation, the Fed tested 31 of the nation’s biggest banks against a “highly stressful scenario” that included: 55% stock market decline 40% drop in commercial real estate prices…
After a long slumber, a massive Bitcoin (BTC) holder has stirred, moving $3,050,000 worth of the cryptocurrency to Binance. Dormant Wallet Revives According to Lookonchain, a crypto intelligence firm, a mining wallet that had been inactive for 14 years suddenly deposited 50 BTC on June 26th. These coins were mined in July 2010, when BTC…
On-chain analyst Willy Woo believes there’s a strong possibility that Bitcoin (BTC) has reached its price bottom. Technical Indicators Point to Reversal Woo analyzed short-term technical indicators and identified a potential reversal pattern. He explained that a “TD9 reversal” on daily candles is approaching, which could lead to a correction of the recent market overselling….
Top Adopters The United Arab Emirates (UAE) and Vietnam have emerged as global leaders in cryptocurrency adoption. UAE: 30.4% (3 million people) Vietnam: 21.2% (21 million people) Notable Adoption Rates Other countries with significant crypto adoption include: Singapore: 11.1% United States: 15.6% (53 million people) Iran: 13.5% Philippines: 13.4% Brazil Saudi Arabia Lagging Behind Some…
Buy Zone Identified Shiba Inu (SHIB) has entered a buy zone after a recent dip below $0.000017. Analyst SHIB Knight has identified key levels for investors to watch: $0.00002392 $0.00002105 $0.00001837 The most crucial level is below $0.000018, which has created a buying opportunity. Bulls Need to Defend Key Levels To trigger an uptrend, bulls…
Tech Tailwinds Solana’s user-friendly features, like “Actions” and “Blinks,” make it easy to buy and use memecoins. This has helped bring memecoins to the mainstream. Celebrity Influence Social media stars like Iggy Azalea are launching their own memecoins, which are attracting huge investments. The Memecoin Arms Race BNB Chain has invested $900,000 to support memecoin…
Concerns Raised by Blockchain Committee The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has expressed concerns about the negative impact of the ongoing legal dispute between Nigerian authorities and the crypto exchange Binance. The committee represents leading blockchain organizations in the country. Effects on Investment and Collaboration The protracted legal battle and the detention of…
