Crypto news

TL;DR Shibarium saw a 70% spike in daily transactions, signaling renewed activity. SHIB’s price surged nearly 10%, but caution is advised due to possible overbought conditions. Finally a Resurgence Shiba Inu’s layer-2 scaling solution has seen low activity in the past several weeks, stalling its progress observed at the start of the year. However, some metrics have taken off in the last 24 hours. Data shows that the network processed 7,715 new transactions on September 18, a...

Despite a slowdown in Bitcoin (BTC) whale accumulation, the weekly net flows among these large holders (addresses with at least 1,000 BTC) have remained positive for nearly four months. Positive net flows indicate that more BTC is entering these wallets than leaving, suggesting potential buying pressure, while negative net flows mean more BTC is flowing out of these entities. Whales See Consistent Inflow According to data from IntoTheBlock, the weekly net inflow peaked at 27K...

Two of Bitcoin’s pre-eminent thought leaders are at odds with each other as to whether banks can – or should – provide sustainable yield on their customers’ BTC deposits. Michael Saylor – executive chairman of MicroStrategy, the world’s largest corporate Bitcoin owner – said in a recent podcast appearance that Bitcoin could become a form of “perfected capital” that also generates a return for its holders through digital banking services. By contrast, Saifedean Ammous – author...

Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach to Stablecoin Rewards According to a September 18 statement from BitGo, its proposed offering will differ from existing dominant stablecoins like Tether (USDT)...

[PRESS RELEASE – Singapore, Singapore, September 18th, 2024] Key Takeaways: PancakeSwap is launching its first Initial Farm Offering (IFO) on Arbitrum, marking a significant milestone in its multichain expansion strategy. The IFO will feature Eigenpie, a leading Liquid Restaking Protocol on EigenLayer. The IFO will be conducted from 10:15 AM UTC on September 24th, 2024, to 10:15 AM UTC on September 25th, 2024. Participation methods include a Basic IFO for all CAKE holders and...

[PRESS RELEASE – San Francisco, United States, September 18th, 2024] Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their data Today, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power of zero-knowledge proofs (ZKPs). The network enables the next generation of decentralized apps that provide...

On-chain investigator ZachXBT has accused top crypto influencer Professor Crypto of using bots to manipulate his social media metrics. Following the allegations, the crypto influencer has deactivated his account without giving a response to the public. Fake Engagement Strategies In a post on X, the on-chain sleuth addressed the Youtuber, telling him to “lay off the thousands of bots” used on his social media platforms to “deceive people into thinking you have an influence.”...

TL;DR Ripple’s legal battle with the SEC nears a potential conclusion after Judge Torres ordered the company to pay a reduced $125 million fine. The firm recently requested a stay on the payment, sparking speculation about a possible SEC appeal before the October 6 deadline. Experts suggest this move could buy time for further legal maneuvers. The Calm Before the Storm? The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing for almost...

After a solid bullish rebound, Ripple’s price surged to the $0.60 level. However, it has since entered a brief consolidation phase, which may pave the way for further upward movement toward the significant $0.64 resistance. By Shayan The Daily Chart A closer look at Ripple’s daily chart reveals that following an increase in demand around the key 100-day ($0.53) and 200-day ($0.55) moving averages, buying activity intensified, leading to a sharp price surge toward the $0.60...

Bitcoin’s price finally looks set to break back above the $60K level after weeks of consolidation. However, there is still one more key resistance level that the price needs to overcome. Technical Analysis By: Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, Bitcoin’s price is demonstrating a willingness to finally break above the $60K resistance level, following its rebound from $52K. The RSI also shows values above 50, indicating that the market...