Withdrawal of License Application Cryptocurrency exchange giant OKX has announced that it will discontinue its trading services in Hong Kong at the end of May. The decision follows the company’s withdrawal of its application for a virtual asset trading platform license. Reasons for Withdrawal OKX stated that the decision was made after careful consideration of…
Dogecoin’s future remains a hot topic, with analysts predicting its next moves. Potential 30% Drop Analyst Capt Toblerone predicts a 30% drop in Dogecoin’s price from its current level, with a reload area around $0.108. 1,300% Rally After the dip, Toblerone expects a massive 1,300% rally, potentially pushing Dogecoin to $1.5. This aligns with other…
Coinbase Perpetual Futures Coinbase, the leading US cryptocurrency exchange, is adding three meme coins to its perpetual futures contracts: Shiba Inu (SHIB), Bonk (BONK), and Floki (FLOKI). Trading will begin on May 30th at 9:30 am. This move expands Coinbase’s derivatives market to include these popular coins, giving users more trading options. However, perpetual futures…
Technical Analysis After reaching an all-time high, BNB has been consolidating within a bullish triangle flag pattern. Currently, it’s trading between $647 and $498, indicating potential for a bullish breakout. Moving Averages: BNB is trading above the 100-day Simple Moving Average (SMA), suggesting upward momentum. Relative Strength Index (RSI): The RSI is above zero, indicating…
Solana: The Likely Contender Experts predict that Solana (SOL) could be the next cryptocurrency to get its own ETF. Brian Kelly of BKCM believes Solana is the “Big 3” along with Bitcoin and Ethereum, and since the latter two already have ETFs, Solana is the next likely candidate. Bloomberg’s James Seyffart agrees, suggesting that a…
Matt Hougan, chief investment officer of Bitwise, predicts that Ethereum (ETH) could reach new all-time highs if spot ETH exchange-traded funds (ETFs) are approved. SEC Rule Change Paves the Way The U.S. Securities and Exchange Commission (SEC) recently approved a rule change that allows for the potential approval of spot market Ethereum ETFs. Billions in…
Crypto analyst Rekt Capital has declared that Bitcoin (BTC) has exited the “danger zone,” a period where a drop below a certain range is possible. However, he warns that BTC could still experience a 13% dip from its current value. Post-Halving Phases According to Rekt Capital, Bitcoin typically enters the “danger zone” after a halving…
Technical Analysis Suggests Upside Potential Guy Turner, host of the popular YouTube channel Coin Bureau, believes that Fantom (FTM) has significant upside potential. He points to a technical pattern on the weekly chart that resembles a “head and shoulders” pattern, which typically indicates a bullish trend. Turner predicts that FTM could rally as high as…
Jack Mallers, CEO of Bitcoin wallet and payments app Strike, predicts that Bitcoin could hit a staggering seven-figure price in the coming months. Bold Price Target In an interview with Anthony Pompliano, Mallers stated that Bitcoin could rise by 260% to 1,357% from its current value of around $68,653. “I think we’re still so early…
Deceptive Chats and Illusory Profits South Korean police have arrested 19 individuals linked to a deceptive “crypto reading room” scam. The gang operated a chat room on platforms like Telegram and KakaoTalk, posing as crypto experts and providing seemingly valuable tips. Victims were lured into investing in fake crypto exchanges that housed unlisted coins. Bogus…
