Markets

Kraken neither confirmed nor dispelled the rumor. Reports suggesting that US-based crypto exchange Kraken is seeking partnerships to enable it to develop its own Layer 2 network solution have emerged. Per the report, the exchange is considering a partnership with Polygon, which is noted for its Ethereum scaling solutions, to build its Layer 2 network. Matter Labs and Nil Foundation are also being appraised for the role. According to unnamed sources. Kraken will partner with one of the...

Floki’s team of developers have their eyes set on capturing a significant percentage of the global asset tokenization market. Popular meme coin FLOKI was first introduced in 2021 after being originally inspired by Elon Musk’s pet Shiba Inu. Since then, it has gone on to establish itself as a major decentralized finance (DeFi) project. For context, the coin is currently seeing tremendous activity with over $55 million worth of FLOKI held up on the blockchain’s staking platform within a week...

The listing of ORDI token on Binance comes with a Seed Tag hinting at elevated levels of risk and volatility compared to other listed tokens. In the latest announcement on Tuesday, November 7, Binance will list Ordinals (ORDI) on the platform while introducing spot trading pairs such as ORDI/BTC, ORDI/USDT, ORDI/TRY. Furthermore, Binance also announced that they would be applying a Seed Tag to ORDI. Ordinals is a new inscription protocol on the Bitcoin network. The total supply of Bitcoins...

ADA price is gaining pace above the $0.320 zone against the US Dollar. The price is now trading above $0.340 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.3540 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.375 and $0.380 resistance levels. Cardano price is rising above $0.350 against the US Dollar, like Bitcoin. ADA price could rally further if there...

Ethereum price is moving higher above the $1,850 resistance against the US Dollar. ETH price is now trading above $1,820 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $1,840 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,840 support zone. Ethereum price is rising above the $1,850 level against the US Dollar. ETH/USD could rise further if it clears the $1,920...

Bitcoin (BTC)’s massive gains this year have done little to bring crypto day traders back into the market, according to data provided by Bitstamp. Since the start of the year, retail training volume on the exchange’s US platform has grown to 35% from 33%, while global retail volume has only risen from 8% to 9%. Where are the Day Traders? In conversation with Bloomberg, numerous pro traders claim to have lost interest in crypto despite once making tremendous profits in the...

The recent institutional landscape appears to be undergoing a shift, as Ethereum, which had been struggling with continuous outflows throughout the year, notably totaling $107 million, suddenly experienced a positive change.`According to the latest report by CoinShares, Ethereum has attracted the largest inflows since August 2022, totaling $17.5 million. In the latest turnaround, digital asset investment products saw inflows totaling $261 million marking the sixth consecutive...

TL;DR XRP price exceeds $0.70, outshining other cryptocurrencies with significant holding by large investors and a recent spike in social media discussions. XRP’s performance, with over a 25% gain, eclipses Bitcoin’s 2% rise, reflecting a standout rally in the crypto market. Analyst predictions suggest further growth for XRP, with ambitious price targets up to $18.22, supported by optimistic technical analyses. XRP Whales on the Move Ripple’s coin – XRP – has been crypto’s...

2The crypto market has showcased an impressive run surpassing traditional in terms of growth as well as resilience. Bitcoin’s price trajectory, for one, offered a compelling glimpse into its robust health. Over the past year, the flagship crypto has [posted over 65% gains. Despite this, the long-term Bitcoin holders (LTHs) are yet to capitulate. Long-Term Bitcoin Holders Stand Firm According to the latest report from Bitfinex Alpha, the diminishing Coin Days Destroyed (CDD)...

This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet. In a cryptic post on X, Changpeng ‘CZ’ Zhao, the CEO of Binance, recently sparked the curiosity of the crypto community by simply posting the number “3” and an announcement with a video captioned “COMING SOON”. 3 👀 pic.twitter.com/mp4SOcBbXY — CZ 🔶 Binance (@cz_binance) November 6, 2023 Binance Announcement amid...