Markets

TL;DR MATIC’s Price Surge: Polygon’s native token, MATIC, has seen an 80% increase in value over the past month and is among the few assets to gain in the last 24 hours, currently trading at around $0.94. Market Sentiment and Institutional Interest: The rally in MATIC’s price is partly attributed to the overall bullish sentiment in the crypto market and growing interest from institutional investors and whales. Significant Accumulation by Key Wallets: Key wallets holding...

Bitcoin and some large-cap altcoins have experienced significant resistance in the past few days pushing crypto traders to small-cap and meme coins’ speculation. The crypto cash flow has been moving from Bitcoin (BTC) and large-cap altcoins like Ethereum (ETH), Solana (SOL), and Chainlink (LINK) to small-cap and meme coins as indicated by the traded volume. According to market data provided by Binance-backed Coinmarketcap, the daily average traded volume for meme coins was up...

For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake. Amid the ongoing Bitcoin (BTC) and Ethereum (ETH), exchange-traded funds (ETFs) in the United States, the crypto community has questioned why the Ripple Labs-backed XRP has not been included and it has legal clarity. On Monday, reports circulated on the X platform that BlackRock Inc (NYSE: BLK) had filed to list an XRP...

Cboe Digital’s planned launch of margin Bitcoin and Ethereum futures is set to complement its existing spot crypto market, which includes trading pairs for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC Cboe Global Markets’ digital asset exchange recently revealed its ambitious plans to revolutionize crypto trading by launching margin futures on Bitcoin (BTC) and Ethereum (ETH) starting January 11, 2024.  Cboe Digital to Pioneer Crypto Futures Trading This move positions Cboe Digital...

SSV.Network is on the verge of completing its mainnet launch. Once achieved, it will pave the way for a wider rollout of its DVT implementation. Ethereum staking infrastructure protocol SSV.Network has unveiled a major partnership with P2P.org, the non-custodial provider of institutional staking. The deal will see P2P.org integrate the DVT Staking API, bringing Distributed Validator Technology to institutions, who will benefit from a stronger and more distributed validator set. DVT Enters...

ADA price is correcting gains from the $0.40 zone against the US Dollar. The price is now trading below $0.380 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.378 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.378 and $0.395 resistance levels. Cardano’s price is rising above $0.340 against the US Dollar, like Bitcoin. ADA price could resume...

Ethereum price is moving higher above the $2,000 resistance against the US Dollar. ETH price is now trading above $2,000 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $1,980 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,950 support zone. Ethereum price is rising above the $1,950 level against the US Dollar. ETH/USD could rise further if it clears the...

Aave V3 markets have been unpaused by the Community Guardian, signaling the resolution of the issues that prompted the temporary measures. The move follows the execution of a governance proposal voted on earlier. Additionally, Aave V2 Ethereum is anticipated to be unpaused tomorrow, a decision accelerated due to block times on voting and operational considerations. Aave Resumes Operations Decentralized lending protocol Aave has successfully resumed operations after...

TL;DR SOL’s Growth: Solana’s SOL surpassed $60 recently, igniting investor enthusiasm for further increases. Predictions for SOL: Analyst Jacob Canfield forecasts SOL could outperform Ethereum, potentially reaching a $1,000 price point, bolstered by significant partnerships. Current Market Status: Despite its growth, SOL is still below its 2021 peak, but shows bullish signs with high trading volumes and notable institutional investment. Could SOL Experience an Astronomical...

Alphabet’s decision to completely divest from Robinhood raises questions about the tech giant’s confidence in the long-term viability of the once-burgeoning fintech darling. In a recent development, Alphabet Inc (NASDAQ: GOOGL), the parent company of Google, announced the dissolution of its stake in the trading app operator, Robinhood Markets Inc (NASDAQ: HOOD). This decision follows Alphabet’s earlier reduction of its stake in the company by nearly 90%, leaving it with approximately...