Markets

Changpeng Zhao, the founder of the crypto exchange Binance, encountered a setback last month when a federal judge denied his request to travel to the United Arab Emirates. CZ proposed using his substantial $4.5 billion stake in Binance as collateral, based on the company’s valuation from its last fundraising round two years ago. However, the Judge still rejected the request. Zhao Requests Travel Permission In November, Zhao pleaded guilty in a Seattle federal court for...

Bitcoin’s value dipped below $39,000 this week, erasing almost all gains made in the last two months, which were fueled by expectations of approval for a spot BTC ETF in the United States. But the introduction of the much-anticipated funds ended up being a classic “sell-the-news” event. The term is a well-established concept in capital markets, illustrating how asset prices, leverage, and market sentiment work in tandem to drive prices upward, leading up to a positive event,...

Ripple’s price is continuing its downward momentum on both the USDT and BTC pairs. According to technical analysis, the price is yet to reach a potential turning point on either chart. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Paired Chart Against USDT, the price has been trapped inside a descending channel over the last few months. Since the breakdown of the 200-day moving average (currently located around the $0.60 mark), the market has been dropping...

After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels. However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal. By Shayan Ethereum Price Analysis: The Daily Chart A detailed analysis of Ethereum’s daily chart reveals a notable rejection after attempting to surpass the $2.6K resistance, resulting in a 20% decline....

[PRESS RELEASE – Roadtown, British Virgin Islands, January 25th, 2024] Followed by LIF3’s Token Migration to Ethereum Network for Enhanced Market Accessibility Today, $LIF3 (pronounced Life), a ground-breaking and complete omni-chain DeFi Layer-1 Curated Blockchain ecosystem, announces its recent listing on Bitfinex (https://trading.bitfinex.com/t/LIF3:USD), a premier digital asset trading platform, after recently migrating to the Ethereum Network from Fantom. This...

Singapore and Zurich, 25 January, 2024 – Global digital asset banking group Sygnum today announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this interim close the company’s post-money valuation stands at USD 900 million. The Strategic Growth Round will provide the group with additional financing to expand into new markets and further...

EOS price started a fresh decline after it failed to stay above $0.750 against the US Dollar. The price is now trading below $0.7350 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.710 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.7000 and $0.7100 resistance levels. EOS price is struggling below $0.700 against the US...

Litecoin started a fresh decline from the $72.00 resistance zone against the US Dollar. LTC price is now trading below $68.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $69.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $63.20 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...

Bitcoin miner Core Scientific has completed its reorganization and is coming out of Chapter 11 with an improved financial position. In the latest statement, the company said it anticipates initiating the listing of its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting from January 24, 2024. Core Scientific Emerges From Chapter 11 According to the official press release,...

The meme coin market is showing signs of recovery after two brutal weeks, with Bonk (BONK) rising over 9% in the past 24 hours. Several other major meme coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have also rebounded as the overall crypto market shows signs of life. As interest returns to the meme coin sector, another new project being backed for growth is Meme Kombat (MK), which is in the midst of a highly successful presale phase. BONK Price Bounces Back as Buyers...