Crypto news

TL;DR Shiba Inu’s value surged, outperforming Cardano in a significant indicator signaling ecosystem growth. Associated cryptocurrencies, BONE and TREAT, saw major price increases, while LEASH did not follow this trend. Shiba Inu’s Progress One of the leading meme coins by market capitalization – Shiba Inu – erased a zero from its valuation following a rally experienced earlier this week. The coin’s performance remained solid in the following days, with its price charting...

Ripple partnered with the Axelar Foundation to boost interoperability within the XRP Ledger (XRPL) blockchain, with a specific emphasis on advancing the tokenization of real-world assets (RWAs). The integration of the Axelar network with the XRPL aims to strengthen the layer 1’s DeFi ecosystem by providing necessary liquidity for stablecoins and high-value assets. Meanwhile, the developers will benefit from leveraging the XRPL’s inherent features, such as its native DEX,...

TL;DR Binance expanded its margin program with new isolated and cross margin options. The exchange is also removing certain pairs due to low performance, as part of its regular updates and reviews to maintain trading quality and volume. The world’s largest cryptocurrency exchange increased the number of trading pairs offered on its margin program. SHIB/FDUSD, DOT/FDUSD, WLD/FDUSD, LDO/FDUSD, NEAR/FDUSD, and TIA/FDUSD were added as new isolated margin pairs, while ADX/USDT...

Bitcoin surged above $61,000 on Wednesday, marking its highest level since November 2021. The rally seems fueled by significant inflows into US-based spot Bitcoin ETFs. With bullish momentum building, all eyes are on the leading crypto asset’s trajectory, and data suggest that it might be able to break its previously established all-time high of $69,045. MVRV Ratio Signals Buying Opportunity The MVRV Ratio, derived from dividing an asset’s market capitalization by its...

The development team behind Dogecoin spinoff Shiba Inu has introduced a new tool for enhancing user privacy in the SHIB and Web 3 ecosystems. The innovation, known as “Fully Homomorphic Encryption (FHE) brings “complete on-chain data protection.” to members of the SHIB community, according to a press release shared with CryptoPotato. SHIB has launched the technology in collaboration with Web3 encryption leader Zama, which builds similar solutions for other blockchain and...

The price of Bitcoin (BTC) experienced massive volatility on Wednesday, soaring to nearly $64,000 before sinking again to $60,500 within one hour. Amid the chaos, crypto traders have experienced $638 million in liquidation over the past 24 hours, including $391 million of liquidations in the past 4 hours alone. According to Coinglass, about $55 million of liquidations in the last hour impacted a consortium of little-known altcoins, while $96 million was liquidated on BTC...

BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021. The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion. Furthermore, thanks to Bitcoin’s rising price during that period, the value of the firm’s Bitcoin stash has appreciated to over $8 billion. BlackRock Breaking Record By comparison, Fidelity’s...

Over the course of a groundbreaking launch campaign from February 1st, UXLINK, the leading Web3 social infrastructure platform renowned for its innovative “Real World Social” and “Group” features, launched multiple Web3 wallet feature that exceeded all expectations. During this limited time frame, this feature resulted in the creation and connection of more than 978,000 new Web3 wallet addresses to UXLINK. The average value of assets held in these connected...

COTI Foundation has just announced the target use cases and focus areas for its $100 million development fund, all of which will be allocated in COTI tokens. According to a press release shared with CryptoPotato, there will be a selection process for projects who want to apply for funding, and it will be open to all developers, encouraging them to explore and build data-secure apps. The COTI V2 ecosystem will open up to use cases across a range of different areas, including...

Solana price started a fresh increase from the $98.00 zone against the US Dollar. The price is now trading above $108 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $107 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair must clear $114 and $118 to continue higher in the near term. Solana price is trading above $105 against the US Dollar, like Bitcoin. SOL could start a...