Markets

Several sectors within the crypto market are seeing a resurgence. AI and Big Data, Liquid Staking, and DeFi projects managed to secure the most gains in the past week. According to their weekly returns, artificial intelligence (AI) and Big Data, which comprised 100 projects, topped the chart with a strong performance and a notable increase of 8.65%, as noted by blockchain intelligence platform Santiment’s latest analysis. The collective market cap of AI and Big Data currently...

[unable to retrieve full-text content]CoinspeakerIndia’s Web3 Ecosystem Expands to 1,000 Startups with 35 Million Traders A report shows that India is the largest emerging Web3 market, with 35 million accounts on exchanges, and a 300% rise in developer share. India’s Web3 Ecosystem Expands to 1,000 Startups with 35 Million Traders

[unable to retrieve full-text content]CoinspeakerCoinbase Chief Legal Officer Calls on Congress to Pass Stablecoin Legislation Despite delays from the SEC, US lawmakers have introduced two proposed bills aimed at regulating stablecoin issuers and the entire crypto market. Coinbase Chief Legal Officer Calls on Congress to Pass Stablecoin Legislation

ADA price is attempting a fresh increase from the $0.5600 zone against the US Dollar. The price is now trading above $0.600 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.620 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.620 and $0.650 levels. Cardano price is holding the $0.580 support against the US Dollar, like Bitcoin. ADA price could gain...

Ethereum price is moving higher above the $3,500 resistance against the US Dollar. ETH price is now trading above $3,550 and the 55 simple moving average (4 hours). There was a break above a key rising channel with resistance at $3,440 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $3,500 support zone. Ethereum price is rising above the $3,550 level against the US Dollar. ETH/USD could rise further if it clears...

Stellar lumen price is attempting a fresh increase from the $0.1240 zone against the US Dollar. XLM price is now trading above $0.1300 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1285 on the 4-hour chart (data feed via Kraken). The pair could accelerate higher if there is a clear move above the $0.1380 resistance zone. Stellar lumen price is trading in a positive zone above $0.1300 against the...

XRP price is attempting a fresh increase from the $0.5650 support against the US dollar. The price is now trading above $0.60 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.60 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.6250 resistance. XRP price is consolidating above $0.60 against the US Dollar, like Bitcoin. It must stay...

DeFi market maker Swaap Finance has launched a new service called Swap Earn, allowing users to earn an extra yield on already yield-bearing assets. The protocol tops up investor returns through market-making yield, spreading investors’ assets across multiple pre-defined protocols. Yield On Top Of Yield Market making is when DeFi users provide liquidity to decentralized exchanges, allowing fellow crypto buyers to easily find sellers, and vice versa. Market-making yield can...

TL;DR Brad Garlinghouse forecasts the crypto market value could double this year, buoyed by pivotal events like the US’s first spot BTC ETF and the Bitcoin halving. XRP’s performance remains subdued amid Ripple’s ongoing legal fight with the SEC, with the outcome likely to significantly influence the asset’s price volatility and future market dynamics. Garlinghouse’s Prediction The cryptocurrency sector has been booming since the beginning of the year, with Bitcoin (BTC)...

In an effort to protect its decentralized crypto exchange (DEX) against potential security threats, the dYdX community has approved a proposal to stake 20 million DYDX tokens. This decision comes amidst a surge in trading activity experienced by the platform. dYdX Proposes Enhanced Security Measures The proposal presented by dYdX emphasized the necessity of increasing the platform’s security measures in the face of increasing deposits and trading volumes. dYdX stated that it...