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Solana (SOL) Price Analysis: Dips Attractive Near $135

Solana price started a downside correction from the $160 zone against the US Dollar. The price is now trading above $140 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $152 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must stay above the $138 and $135 support levels to start another increase. Solana price is correcting gains from $160 against the US Dollar, like Bitcoin....

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Bitcoin Price Analysis: BTC Could Rally Unless This Support Gives Way

Bitcoin price started a downside correction from the $65,500 zone against the US Dollar. The price is now trading above $62,000 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $63,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $61,000 support zone. Bitcoin price is correcting lower below $63,000 against the US Dollar. BTC...

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SEC Chair Blames Journalists For Asking Him About Crypto So Much

One of crypto’s most powerful government nemeses believes journalists question him about the burgeoning asset class way more than necessary. Securities and Exchange Commission (SEC) chairman Gary Gensler appeared for a nine-minute interview with CNBC on Wednesday and blamed the host for asking for such an “outsized ratio” of crypto-focused questions. Gensler Is Tired Of Crypto Questions Gensler’s interviewer, Andrew Ross Sorkin, suggested that journalists’ focus on the...

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Chainlink Chosen as Technology Partner for HKDR Hong Kong Dollar Stablecoin

On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin. Chainlink’s Cross-Chain Interoperability Protocol will be integrated to enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin. Additionally, the firm is also adopting Chainlink’s Proof of Reserve (PoR) to help provide reliable on-chain verification of HKDR’s...

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Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash

The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The hacker sent the Ether in batches while still holding over $180 million worth of assets across different blockchains. Poloniex Hacker Launders 1,120 ETH According to data from Arkham Intelligence, the Poloniex hacker transferred 100 ETH in 11 batches to Tornado Cash, brining to the total to 1,100 ETH (worth...

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Apu Apustaja Embarks on Its Journey as a New Memecoin on the Ethereum Blockchain

[PRESS RELEASE – Arizona, United States, May 7th, 2024] Apu Apustaja, the widely recognized internet meme, has expanded its influence into the cryptocurrency market by transitioning into a memecoin. Known for its extensive popularity online, Apu now seeks to establish its presence on the Ethereum blockchain. On March 11th, 2024, Apu Apustaja was officially launched as a cryptocurrency, marking its entry into the digital currency space. This launch represents a significant...

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Suilend Launches Points Campaign

[PRESS RELEASE – Grand Cayman, Cayman islands, May 7th, 2024] Suilend launches points campaign following a successful beta with over $40 million in TVL. Suilend, the pioneering lending protocol developed by the Solend team, is launching a points campaign to reward users for depositing assets on the platform. During the points campaign, Suilend will distribute 10 million points daily to its users. These points will be recorded on the Sui blockchain as non-transferable,...

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Spectral Labs Joins Hugging Face’s ESP Program to advance the Onchain x Open-Source AI Community

[PRESS RELEASE – New York, New York, May 7th, 2024] Spectral is excited to announce its participation in Hugging Face’s Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across Spectral’s organization. Through the Expert Support Program, Spectral regularly meets with the Hugging Face...

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Ambient Secures $2 Million to Scale Up DePIN for Environmental Monitoring Globally

[PRESS RELEASE – London, UK, May 7th, 2024] With New Investment Round Led by Borderless Capital, The Environmental Data DePin, Eyes Solana Launch and Global Market Expansion  Ambient, the world’s largest decentralized network of environmental sensors and ambient data, today announced the successful closure of an oversubscribed $2 million seed funding round. This round was led by Borderless Capital, with participation from Solana Ventures, Parami Investors, Sonic Boom...

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