Crypto news

History repeats itself, and this time around, that is great news for bitcoin holders. Over the past six years, bitcoin prices have rallied by about 7% in July. That could help the asset recover from the losses it witnessed in June, which also was around 7%. The first few days of July have already been good for the largest cryptocurrency, pushing above $63,000 on the first and second days of the month. Bitcoin looked like it would remain below the $60,000 mark in the last week of June, but...

With Bitcoin trading sideways over the past few months, traders are waiting for their signal to re-enter the market before crypto reclaims its bullish momentum from earlier this year. In a Wednesday memo, an analyst from CryptoQuant highlighted one signal worth looking at: stablecoin liquidity. Stablecoins: The Key To Driving Bitcoin Higher “The bottom line is that in order for #Bitcoin to rally in earnest, we need to see an increase in stablecoin liquidity and circulating...

TL;DR Cardano (ADA) rose 4% this week, with one analyst predicting a potential 70% spike due to a bullish pattern. Indicators suggest the asset could see further gains, with some signaling a significant price increase by early 2025. Is It Time for ADA to Shine? Most leading cryptocurrencies have plunged substantially in the past week, while the global market capitalization dipped by 3.5% daily, currently standing at around $2.35 trillion (per CoinGecko’s data). However, some...

Stablecoin issuers were hit with an injunction last week by European regulators, as the Markets in Crypto Assets (MiCA) took effect partially on June 1. In line with that ask to register in any nation in the bloc to continue issuing stablecoins in the EU, Circle has secured an Electronic Money Institution (EMI) in France. This will allow it to issue USDC and its new Europe-centred stablecoin EURC. Circle co-founder and CEO Jeremy Allaire posted on X about this development, “@Circle announces...

TL;DR Meme coin DADDY surged 35% after Andrew Tate’s announcement encouraging accumulation. The token faces insider purchase controversy, while rival coin MOTHER’s price has sharply declined. DADDY Heads North Again One of the latest sensations in the meme coin niche – DADDY – saw its price soaring by 35% in the past 24 hours. It currently trades at around $0.15 (per CoinGecko’s data), while its market capitalization stands just shy of the $100 million milestone. DADDY...

The US Securities and Exchanges Commission (SEC) has asked ETH ETF S-1 applicants for changes, returning their applications, which will push the launch date. They were asked to resubmit the forms by 8 July. However, industry experts believe it may not take too long. Many expected the ETFs to launch on US exchanges before 4 July. Bloomberg analyst Eric Balchunas feels they will receive SEC approval by July end, allowing ETH ETF issuers to launch the products by mid to end of July. He posted...

TL;DR Binance will terminate trading for six pairs, including BTC/AEUR and ETH/AEUR, effective July 5, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has added new ones like WIF/BRL and ZK/USDC, though these are not available to users in certain restricted regions. Binance’s Latest Move The world’s largest cryptocurrency exchange – Binance – will terminate trading services for the following six pairs: BTC/AEUR, ETH/AEUR,AI/TUSD,...

[PRESS RELEASE – Toronto, Canada, July 3rd, 2024] Digital Shovel Holdings Inc. sued RK Mission Critical LLC, RK Mechanical LLC, and RK Industries LLC for patent infringement in May in the US District Court for the District of Colorado. “Instead of competing fairly,” the complaint says, “Defendants are exploiting the innovative technologies that Digital Shovel has worked hard to develop and protect through patents.” The cover image above shows six original Digital Shovel...

Decentralized predictions platform Polymarket marked $100 million in volume in June, mainly facilitated by the US presidential election. Over $204 million worth of bets exist on who is going to become the US president come November. A considerable number of bets amounting to that sum came in June as more high rollers made their plays and existing ones increased their bets. The “Presidential Election Winner 2024” market lists the obvious options democrat nominee US President Joe Biden and...

Investors are eagerly awaiting the launch of spot Ethereum ETFs this month. But reports of delays appear to have vexed investors. But once spot Ethereum ETFs hit the floor, these new products are estimated to attract net inflows of $3-$5 billion within the first six months of trading, according to a recent report published by crypto exchange Gemini. Ethereum ETFs Poised For Massive Influx Gemini’s analysis suggests that the introduction of spot Ethereum ETFs in the US could...