Markets

According to the US Commodity Futures Trading Commission (CFTC), allegations of money laundering against Binance may be just the tip of the iceberg. Binance, one of the world’s largest crypto exchanges, faces heightened scrutiny from the US Securities and Exchange Commission (SEC). A recent report by the Wall Street Journal suggests that the SEC is actively searching for additional evidence to substantiate allegations of potential fraud at Binance.US. The SEC’s Lawsuit against Binance The...

ADA price is still struggling to clear the $0.40 zone against the US Dollar. The price is now trading below $0.385 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.372 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.385 and $0.400 resistance levels. Cardano’s price is consolidating above $0.350 against the US Dollar, like Bitcoin. ADA price...

Ethereum price started a downside correction from the $2,135 resistance against the US Dollar. ETH price is now trading below $2,050 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $1,975 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it breaks the $1,975 support zone. Ethereum price is declining below $2,050 against the US Dollar. ETH/USD remains at a risk of more...

TL;DR XRP Leads on Uphold: Ripple’s XRP has become the most traded digital asset on Uphold, surpassing major cryptocurrencies like Bitcoin and Ether, with significant user engagement. Dominance in U.S. Markets: Earlier, XRP emerged as the most traded altcoin on US-based cryptocurrency exchanges, indicating its growing popularity. Ripple-Uphold Partnership: The partnership between Ripple and Uphold has led to promotional activities like increased XRP airdrops and giveaways....

TL;DR Coinbase Adds New Perpetual Futures: Coinbase is introducing perpetual future contracts for Cardano, Dogecoin, Chainlink, and Stellar, allowing users to speculate on their future values. Minimal Market Impact: The announcement has not significantly affected the market, with some of the included cryptocurrencies showing slight declines. Ongoing Delisting of Trading Pairs: Coinbase has recently delisted 80 trading pairs to improve market liquidity and health, while...

TL;DR XRP Price Surge Predictions: Analysts foresee a significant rise in Ripple’s XRP, with targets of $6-$7 in the near term and up to $27 by mid-2025, an almost 4,500% increase. Short-Term Forecasts: Short-term expectations for XRP include reaching around $1.30 in 2024 and a spike to $0.70 by the end of this year, bolstered by its regulatory clarity. Growth Drivers: The next bull cycle is expected to be beneficial for XRP, influenced by Ripple’s successes against the SEC,...

Technical Analysis By TradingRage Ethereum’s price has been on the rise for the past few months, breaking above several resistance levels. Yet, the market is currently consolidating around the $2,000 mark, failing to continue its bullish momentum. The Daily Chart On the daily timeframe, the price has been consolidating around the $2,000 level after getting rejected from the $2,150 area once earlier. Yet, the $2,150 level has rejected the price once again, and the market is...

An X user recently identified discrepancies in Binance’s BRC-20 ORDI balances caused by inconsistent indexing. On the UniSat indexer, Binance possesses 7.239 million ORDI, while the Ordiscan index reflects a holding of 2.293 million ORDI. This variance amounts to approximately five million. Discrepancies in BRC-20 ORDI Balances on Binance BRC-20 ORDI, an experimental token built on the Ordinals protocol, has sparked debate due to varying balance reports from indexers....

By Shayan Bitcoin’s recent consolidation phase has expanded, with the price exhibiting a slight uptrend accompanied by exceptionally low volatility. Despite this, it remains within a narrow price range, emphasizing the necessity of a breakout to determine the cryptocurrency’s next direction. The Daily Chart A detailed examination of the daily chart reveals a prolonged consolidation near the critical resistance region of $38K, where the price lacks a discernible direction....

The 2023 report on how digital money changes online betting shows a significant shift. Cryptocurrencies like Bitcoin and Ethereum are game-changers, bringing new possibilities. People worldwide use these digital currencies more, becoming a big part of Bitcoin betting. This report talks about why digital currencies matter. They’re like superpowers, making transactions smoother, keeping information private, and being fairer than old ways. The report explores rules,...