Markets

Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role. According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its momentum much faster. Election’s Influence on Bitcoin Price Action The market watchers have noted that on previous occasions,...

TL;DR Binance’s support for certain tokens drives price surges, as seen with recent additions. Delistings from the platform often lead to significant drops for affected tokens. The Binance Effect Most leading cryptocurrencies have recorded little to no price volatility in the past 24 hours, seemingly preparing for action after the final results of the US presidential elections (set for November 5). However, some assets still charted substantial gains amid the overall...

Meme coins aren’t just speculative assets. They have slowly started representing a symbolic rebellion against established financial norms, aligning with the demographic and ideological shifts shaping modern markets, as highlighted by Binance Research’s latest report. Since 2022, the collective market cap of meme coins, measured as a share of Total 3 (the crypto market excluding BTC, ETH, and stablecoins), has nearly tripled from 4% to 11%, driven in part by a sense of...

According to a new report by the Financial Intelligence Unit (FIU), South Korea’s cryptocurrency investor base has surged to 7.78 million. This figure marks a 21% increase from the previous year. The “Virtual Asset Business Survey” shows domestic crypto investors increased by 1.33 million compared to the second half of 2023, driven largely by an explosive growth in Bitcoin’s value. Investor Profile and Market Behavior This growth coincides with a 67% increase in the average...

The growing tokenized funds sector could see its value reach $600 billion in the next six years, according to a whitepaper jointly released by Boston Consulting Group (BCG), Aptos Labs, and Invesco. Currently, the tokenized assets market, representing tangible resources such as real estate, art, and traditional securities on a blockchain, boasts more than $2 billion in assets under management (AUM), with future growth expected to accelerate as on-chain finance matures....

Bitcoin’s price has been consistently making higher highs and lows over the past couple of months, approaching a new all-time high. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price has been rallying since its rebound from the $52K support level. While the market has broken above the key 200-day moving average, located around the $64K level and the $68 area, it has failed to break above the all-time high. The price is...

Pepe (PEPE) and DogWifHat (WIF) have faced pressure in the past few days, dropping significantly as investors opt to take profits. Meanwhile, new coin Pepe Unchained (PEPU) is telling a different story – with its presale fast approaching the $24 million milestone. Meme Coin Market Sells Off as PEPE & WIF Suffer Losses It’s been a crazy period for meme coins, and this week has been no exception. After a string of gains, both PEPE and WIF have taken a hit since Wednesday....

The Ethereum-based cryptocurrency lending protocol Aave is witnessing a rapid increase in Coinbase Wrapped Bitcoin (cbBTC) flows into its platform due to a new incentives program involving the asset. While this reflects growing liquidity and rising adoption of the wrapped Bitcoin product on Aave, the market analytics platform IntoTheBlock says it poses a risk to users. According to an IntoTheBlock tweet, users may be temporarily unable to repay their loans on Aave if the...

[PRESS RELEASE – Tokyo, Japan, October 31st, 2024] Mawari Network, a spatial computing DePIN (Decentralized Physical Infrastructure Network), has announced a limited node license sale. Already a pioneer in immersive content, the node sale will make Mawari’s 3D streaming technology more scalable and accessible for content creators and developers. This node sale will help create a global, decentralized spatial computing infrastructure as the market for extended reality devices...

[PRESS RELEASE – Hong Kong, China, October 31st, 2024] The web3 firm accelerates APAC expansion, welcoming new leadership to drive growth and adoption across Asia. Serotonin, the global web3 firm bringing breakthrough technologies to market, is pleased to announce its expansion into APAC with the launch of its Hong Kong-based marketing practice, Serotonin’s first dedicated services operation in Asia. Over the last year, Serotonin has invested in scaling its APAC operations,...