Markets

Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) disclosed that the exchange’s team had warned Sun to refrain from using any part of the TUSD deposit to grab the SUI rewards on...

Stellar lumen price is struggling below the $0.100 resistance zone against the US Dollar. XLM price is now trading below $0.0980 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0980 on the 4-hour chart (data feed via Kraken). The pair could start a recovery wave if it clears the $0.100 resistance. Stellar lumen price is trading below $0.100 against the US Dollar, similar to Bitcoin. XLM price could extend...

Ripple price started a fresh decline from the $0.490 zone against the US dollar. The price is now trading below $0.480 and the 55 simple moving average (4 hours). There is a key rising channel forming with support near $0.4550 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.490 resistance zone. Ripple price is struggling below $0.490 against the US Dollar, similar to Bitcoin. XRP price could...

Jim Cramer – the famed host of “Mad Money” on CNBC – has commented that bitcoin has no real use case, and he thinks the biggest digital currency by market cap will dry up faster than a riverbed. Jim Cramer Thinks BTC Won’t Last Long Is he right? His words come during a time when bitcoin appears to be picking up steam. The currency was depleted of all its resources and energy during 2022, which is arguably the most bearish year on record for bitcoin. During that time, the...

Bitcoin gained traction not too long ago even though the Federal Reserve announced it was hiking rates another 0.25 basis points. Bitcoin Remains Strong This is proof that many people have restored their faith in the world’s number one digital currency by market cap and are shirking both Federal Reserve and banking concerns to the side. The American economy and the banking crisis the country is enduring at the time of writing would likely cause many standard traders and...

Coinbase just can’t seem to catch a break. Not long ago, the company was the subject of a lawsuit that’s now being examined by the U.S. Supreme Court, and the trading platform is also the receiver of a Wells notice sent by the Securities and Exchange Commission (SEC), proving once again that the agency has just become a complete bully to all digital currency firms. Will the SEC Go After Coinbase? To be clear, Coinbase has not been charged with anything at the time of...

The past 30 days have seen a decline in trading volumes and prices of most non-fungible token (NFT) projects, likely due to the prolonged bear market of 2022 and the first quarter of 2023. According to data from blockchain analytics firm IntoTheBlock, only six of the top 20 NFT collections by market capitalization recorded increased trading volumes over the last 30 days. The remaining collections experienced a significant decrease, ranging from 20% to 99%. NFT Trading Volume...

The past few days of April did not bring any substantial price moves in either direction for bitcoin, which remains north of $29,000. The altcoins are also calm during the weekend as the trading volume has disappeared. On a weekly scale, though, BTC’s dominance has risen by over a percentage. BTC Maintains $29K During Weekend This weekend resembles the previous one in terms of lack of volatility, aside from BTC’s highest price point. Last Monday began with bitcoin jumping to...

Google Cloud announced plans to assist Web3 startups and projects to build and scale faster and more securely. The new offering expands on the existing initiative called – “Google for Startups Cloud Program” by including additional Web3-specific benefits. The Initiative According to the official press release, eligible Web3 technology projects and startups from pre-seed to Series A will be able to apply for the Google for Startups Cloud Program. Projects can also opt-in to...

A crypto-centered lawsuit with popular digital currency exchange Coinbase as the defendant is heading to the Supreme Court. This marks the first time such a high-ranking court in the U.S. has ever considered such a case. The Supreme Court Is Examining a Coinbase Suit The plaintiff is a man who was, at one point, a customer of Coinbase. It’s alleged the man gave a scammer (who was pretending to be a representative of PayPal) remote access to his Coinbase account. This...