Markets

Ethereum’s trading volume has spiked recently, indicating strong market activity overall. At the same time, the outlook for Chainlink remains positive, boosted by its integration with Circle and expansion efforts in Brazil. Conversely, BlockDAG has climbed to the top of CoinSniper’s rankings after experiencing a 1000% surge in presales following the Keynote 2 event. Overnight, BlockDAG raised an impressive $3 million, bringing the total to $46.4 million from selling 11.1 billion coins and...

On June 5, Coinbase CEO Brian Armstrong reported that one million people have joined ‘Stand With Crypto’ as advocates for the industry, adding, “That’s a lot of voters!” He continued to state that 600,000 of these advocates joined after a Whitehouse veto threat, “and thousands mobilized around the back-to-back historic, bipartisan wins in the House and Senate.” “Crypto is non-partisan and momentum for pro-crypto policy in America has never been stronger.” As of today, 1...

The massively popular yet frequently controversy-stirring social media influencer Andrew Tate burnt $11 million of the Top G token – a project he started some months ago. That amounted to 587 million Top G tokens being sent to the Solana Incinerator, removing those tokens from circulation forever. Tate’s actions nullified 58% of the memecoin from circulation. Only 37% of Top G tokens remain for users to interact with. The immediate cut in the token’s supply caused its price to rise by 130%,...

TL;DR XRP has been trading around $0.52 recently, but analysts predict a potential rise to $0.70 this summer as the token supposedly nears the end of a long consolidation phase​. While some foresee gains, others predict a possible drop to $0.27. Is It Time for XRP to Shine? Ripple’s XRP is one of the few leading cryptocurrencies that have not experienced a substantial price increase in the past few weeks. It has consolidated around the $0.5 mark, while its market cap has...

History doesn’t rhyme but tends to repeat itself, which is something that has been happening in the crypto industry in the past few weeks. In this case, bitcoin and the rest of the market dropped hard on Friday evening, similar to the events from the previous one. BTC’s Friday Drop It was last Friday when the primary cryptocurrency tested $69,000 but failed and the subsequent rejection pushed it south by over two grand. The weekend was quite uneventful as the asset had...

Uniswap (UNI) recently surged, sparking widespread optimism, while Bitcoin’s (BTC) uncertain future threatens to push it into bearish territory. Amid this volatility, BlockDAG (BDAG) stands out with an incredible 1000% price increase.  Currently priced at $0.011, experts predict BDAG will soar to $1 in 2024, $10 in 2025, and $30 by 2030. BlockDAG is not just a win for investors; it’s also a gold mine for miners. The platform’s ultra-compact X10 miner lets users mine up to 200 BDAG coins...

It’s meme coin season, alright! There are no two ways around it: meme coins are undoubtedly the main narrative on Solana, and it seems it’s just a matter of time before another celebrity jumps on board. After Iggy Azalea, it’s now Andrew Tate who has put the Solana community on its toes. Tate-inspired meme coins are now the top trending cryptocurrencies on DEXScreener, amassing hundreds of millions of dollars worth of capital in less than a couple of hours. It’s challenging...

Kraken insiders anonymously spoke to Bloomberg, revealing that the leading crypto exchange plans to go public next year through an initial public offering (IPO). It is looking to raise $100 million from investors in pre-IPO investment rounds and is also on the hunt for a ‘marquee’ company on its board for assistance with the IPO. The exchange has planned for an IPO in previous years. The offering has failed to transpire due to bad market conditions, regulatory tussles, or both. It has been...

As bitcoin prices approach another all-time high, the crypto industry is preparing for a potential wave of initial public offerings (IPOs), according to Bloomberg. If crypto asset prices continue rising, the next 18 months could see the biggest wave of crypto-related IPOs on record, said Matthew Kennedy, a senior market strategist with IPO researcher Renaissance Capital, in an interview with Bloomberg on June 6. He added that as many as 15 companies could go public if market...

The cryptocurrency market has taken a u-turn in the past hour, with the majority of coins dropping considerably. Bitcoin’s price now trades below $70K, while the market sees close to $200 million worth of liquidated positions. BTC took a sudden hit as its price plummeted below $70K following what many considered a renewal of the bull run. Source: Binance via TradingView As seen in the chart above, the move was relatively sudden, completing a decline of around 2.5% in the past...