Token Distribution Sui Network has responded to concerns about the distribution of its SUI tokens. The network states that locked SUI tokens are held by third-party custodians and cannot be moved until they are unlocked according to the project’s token emission schedule. Mysten Labs, the developer behind Sui, is not involved in the Sui Foundation’s…
Crypto analyst Rekt Capital predicts a bullish future for altcoins, with Dogecoin (DOGE) leading the charge. Altcoin Market Outlook The analyst’s “OTHERS” chart, which tracks all cryptocurrencies excluding the top 10, suggests a potential bounce off the $250 billion support level. The next target is $315 billion, with a potential rally to $425 billion. Dogecoin…
Weakening Dollar Economist Henrik Zeberg believes that a weaker dollar could be a major catalyst for cryptocurrencies. He argues that lower bond yields and a declining dollar index will create a favorable environment for risky assets like crypto. JasmyCoin’s Potential Zeberg specifically mentions JasmyCoin (JASMY) as a potential beneficiary of this trend. He believes the…
Crypto analyst DonAlt, who predicted the Bitcoin bottom in 2022, believes Bitcoin is poised for a rally. False Breakdown Catalyst Despite Bitcoin’s recent dip below $60,000, DonAlt sees it as a bullish sign. He believes the false downside move could trigger a surge in BTC’s price. Digesting the Rally DonAlt notes that Bitcoin has rallied…
The XRP Ledger (XRPL) is getting a major makeover. These upgrades will make it more powerful and useful. Key Upgrades: Digital Identity (DID): Gives users control over their digital identities on the XRPL. Makes it easier for businesses to verify customers and meet regulatory requirements. XChainBridge: Lets XRPL connect with other blockchains like Ethereum. Makes…
A Tarnished Family Name Maximilien de Hoop Cartier, a descendant of the legendary jewelry brand founder, has been arrested for allegedly laundering millions of dollars for a Colombian drug cartel. Over-the-Counter Opulence Cartier and his associates used over-the-counter (OTC) USDT trades to launder the money. USDT, a cryptocurrency pegged to the US dollar, offers anonymity…
SEC’s Wells Notice The Securities and Exchange Commission (SEC) has sent a Wells Notice to Robinhood, indicating that it may take enforcement action against the crypto exchange. This is part of the SEC’s ongoing crackdown on the cryptocurrency industry. Robinhood’s Response Robinhood has expressed disappointment with the SEC’s decision, stating that it has been working…
Sun’s Role in Liquid Staking Justin Sun, founder of Tron, has made a significant impact on the liquid staking market by depositing a hefty amount of funds into Swell L2, a new player in the space. This move accounts for nearly half of all funds deposited on the platform. Sun emphasizes the potential of liquid…
Crypto analyst The Crypto Dog has identified three altcoins as his top picks for investment: Near (NEAR) The Crypto Dog believes NEAR has strong potential to outperform other cryptocurrencies. He has invested a portion of his Bitcoin and Ethereum holdings into NEAR. Pepe (PEPE) The analyst is bullish on PEPE, a memecoin that has shown…
Malicious App Disguised as Chrome Update A new malware attack known as ‘Brokewell’ is targeting Android users, posing a significant threat to the banking industry. The malware disguises itself as a fake Google Chrome browser update webpage, tricking users into installing it. Capabilities of Brokewell Once installed, Brokewell gives criminals full control over the device….
