Author: finance
As we delve into the exciting realm of cryptocurrency, we come across recent developments that have the potential to create a significant impact on the market. One such event is the filing of applications for ten different altcoin exchange-traded funds (ETFs) by American fund management firm, Tuttle Capital. These filings with the US Securities and Exchange Commission (SEC) comprise renowned cryptocurrencies, including Chainlink ($LINK) and Cardano ($ADA), as well as less conventional options like meme coins Bonk ($BONK) and Official Trump ($TRUMP). New Leadership Inspires Fresh Approaches The bold move by Tuttle Capital coincides with the recent change in the…
Stepping into the world of cryptocurrency, we’ve recently seen an intriguing upswing in the creation of new wallet addresses within the Ethereum network, presenting a strong indication that Ethereum (ETH) might be experiencing a wave of increased adoption. The following content provides a detailed exploration of this trend and its implications for the broader cryptocurrency market. Notable Uptrend in the Ethereum Network’s Growth Renowned blockchain analysis entity, Santiment, has drawn attention to a recent surge in the Network Growth of Ethereum, via an informative post on platform X. For clarity, ‘Network Growth’ is a term used to denote the total…
The crypto sphere is on the edge of their seats as Behdark, a renowned cryptocurrency analyst, warns of a drastic plunge awaited in the Dogecoin market. According to the expert, the Dogecoin price could plummet below the $0.30 support level before staging a massive comeback. Behdark Foresees the Dogecoin Crash and Subsequent Rebound Through a TradingView post, Behdark cautions that the value of Dogecoin might drastically sink to $0.26 before witnessing an upward swing. The predicted bearish trend would impact Dogecoin significantly, following which the popular meme coin is likely to experience some price fluctuations. In a detailedancealyst stated that…
The contemporary landscape of cryptocurrency derivatives has endured a sweeping liquidation event in the offing, as Bitcoin, in concert with various other digital assets, has witnessed a steep downturn. Recent Crypto Market Witnessed A Long Squeeze As per data extracted from CoinGlass, there has been an enormous liquidation of contracts in the previous 24 hours. A “liquidated” position is the terminology used when an exchange chooses to abruptly close it. This course of action is typically undertaken when the losses incurred by the holder exceed a predetermined limitation. Liquidation can be triggered by two leading causative factors. The initial factor…
In the realm of Ethereum, a recent introduction has surfaced. The SSV network has unfurled its latest project – SSV 2.0, a unique bootstrapping model that aspires to promote applications within the blockchain that are “Based” (bApps). This groundbreaking framework has been meticulously developed to augment the security of the network and facilitate the operation of truly decentralised bApps without tampering with the fundamental ethics of Ethereum. ‘Based Applications’ Set to Fortify Ethereum, Courtesy SSV Network The SSV Network has proudly announced the inception of SSV 2.0, an architectural framework that is poised to “handle the escalating ecosystem diversification” and…
In the frantic world of cryptocurrencies, the market has once again witnessed an intense 7.9% drop within the span of 24 hours, pulling down the worldwide market cap to an estimated $3.51 trillion. This precipitous fall was sparked by the inception of the startup DeepSeek and its complimentary AI service, along with mounting anxiety occasioned by the upcoming Federal Reserve meeting this week. Contrary to the prevailing bearish mood, a unique set of altcoins are primed to exploit their robust fundamentals and market momentum to stake their claim as potential candidates to transcend the $5 billion market cap threshold by…
In the evolving world of blockchain and artificial intelligence, Singularity Finance is taking a giant leap forward. As the first AI-focused, EVM-compliant Layer 2 blockchain, Singularity Finance recently announced a strategic partnership with Particle Network, a leading provider of Chain Abstraction infrastructure. The news came to light in an interview shared with Finbold on January 27. Strategic Partnership Announcement This strategic collaboration will see Singularity Finance’s ecosystem significantly enriched by Particle Network’s Universal Accounts through Chain Abstraction. The partnership aims to bridge the gap between artificial intelligence, real-world assets (RWAs), and decentralized finance (DeFi), thereby providing users a unified platform…
The world of cryptocurrency has recently been shaken as Bitcoin took a slip below the crucial $100,000 threshold for the first time in a span of ten days. This has inevitably spurred a wave of anxiety among investors as the market sentiment veers towards a bearish stance. Bitcoin’s recent plunge follows a powerful rally to unprecedented peaks, which has led to speculations among traders regarding whether the bullish drive has exhausted or this is just a brief hiatus before the next ascension. Despite the prevailing bearish undertones, market analysts are interpreting this drawback as a beneficial correction that may serve…
As we dip our toes into the expansive sea of digital finance, blockchain company Ripple has shared an exciting development. It has successfully acquired Money Transmitter Licenses (MTLs) in the states of New York and Texas. With this essential move, Ripple aims to widen its domestic presence in the United States marketplace. Ripple Expands in the United States On January 27th, Ripple revealed this strategic acquisition, citing an increase in demand for compliant and immediate global payment solutions from both states. Anticipating the growing needs of financial institutions and crypto businesses, the company is poised to leverage the advantages of…
As we dive into the world of cryptocurrency, we shine a spotlight on Dogecoin, which has recently experienced a significant decrease of 11.8% within 24 hours and a drop of 20% over the course of the last week. This development could lead to its price nudging closer to the $0.30 support level. Despite the current downturn, Trader Tardigrade, a prominent technical analyst on the social media platform X, highlighted an interesting pattern: a symmetrical triangle forming on Dogecoin’s daily candlestick chart. Typically, such a pattern could indicate significant price movement, potentially signalling the beginning of an uptrend. Emerging Symmetrical Triangle…