[ad_1] Binance is adding the token of a Solana (SOL)-powered decentralized artificial intelligence (AI) computing network to the roster of supported crypto assets on its Launchpool platform. In a statement, the world’s largest crypto exchange says that io.net (IO) will be the 55th crypto project on Binance Launchpool, which allows users to deposit their coins into a pool of funds to earn assets from new projects. Binance says users will be able to stake BNB and the stablecoin First Digital USD (FDUSD) into separate pools to farm IO tokens over four days starting on June 7th. IO will then be…
Author: dfrancis36
[ad_1] Crypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price chart. The analyst also revealed how high the crypto token could rise once it makes this move to the upside. Inverted Hammer Forms On The Chart Egrag highlighted an Inverted hammer that had formed on XRP’s chart while noting how bullish this was for the crypto token. He claimed that last month’s candle formation showed a 75% Inverted Hammer at the bottom, which is “super bullish” for XRP. Egrag believes this is an “amazing sign” that the altcoin could rise to $0.75 soon…
[ad_1] Ethereum developers continue to improve the network, maintaining a tradition that has been ongoing since its launch. Since the first update through Homestead, developers have implemented several hard forks, with the latest ones being Shanghai and Dencun. Pectra Lays The Foundation For Even More Upgrades In Ethereum The Ethereum community is eagerly anticipating the next key update, Pectra, scheduled for late Q1 2025. This hard fork, a significant enhancement after Dencun, will integrate 19 key Ethereum Improvement Proposals (EIPs), collectively addressing scalability, security, and user experience concerns. As mentioned earlier, the Pectra upgrade is part of yet another of…
[ad_1] Despite some bullish developments, the digital asset market still lacks one key ingredient that’s critical to fueling a sustained price rally, according to the analytics firm CryptoQuant. CryptoQuant notes that demand is up for Bitcoin (BTC) and Ethereum (ETH). “Bitcoin demand growth in permanent holders added 70,000 Bitcoin in the last 30 days. Large investors’ demand is up 4.4% monthly. Additionally, large investors are injecting $1 billion daily into Bitcoin, resembling 2020’s pre-rally activity… Ethereum’s demand has also increased. Post-May 20th, ETH demand spiked due to spot ETH ETF approvals in the USA. Daily purchases by permanent holders rose…
[ad_1] US spot Bitcoin ETFs have experienced a noteworthy streak of net inflows for 18 consecutive days, contributing to the upward momentum of the leading cryptocurrency as it inches closer to its all-time high levels set in March. According to Bloomberg data, these ETFs, managed by some of the world’s largest financial institutions, have attracted net subscriptions of $15.6 billion since their launch on January 11, bringing total assets under management to a substantial $62.3 billion. Record-Breaking Demand For Bitcoin ETFs According to Bloomberg, the success of Bitcoin ETFs introduced by BlackRock and Fidelity Investments has made them some of…
[ad_1] Crypto expert Michael Van de Poppe recently predicted that altcoins would make significant upside moves. The analyst also provided a timeline for when this will happen and how parabolic the move could be for these crypto tokens. Altcoins Will Make A Move In The Summer Van de Poppe mentioned in an X (formerly Twitter) post that altcoins are ready for their upward run and will see a lot of momentum from late June until September or October. The crypto analyst added that these altcoins will reprice back to their normal values when this move occurs, alluding to the “big…
[ad_1] Philip Swift, the founder of the on-chain analytics platform LookIntoBitcoin, recently highlighted the significant increase in global liquidity, which just hit a new all-time high (ATH). Swift suggested this was a crucial indicator of how Bitcoin can rise in this bull run. The Most Important Indicator For Bitcoin Swift claimed that the global liquidity was the “most important” chart in this bull run while revealing that it had just hit a new ATH. The chart he shared showed that the global liquidity was now at $94 trillion and approaching the $100 trillion mark. Based on his analysis, this development…
[ad_1] Despite substantial inflows into US spot Bitcoin Exchange-Traded Funds (ETFs), with more than $1.5 billion added in just the last three days and an unprecedented 18-day streak of positive inflows, BTC’s price remains well below the highly anticipated $100,000 mark. The digital currency trades at around $71,000, a 50% increase since the ETFs’ inception but short of setting a new record high. Charles Edwards, CEO of Capriole Investments, shared insights via a post on X addressing the community’s burning question: “Why aren’t we at $100,000 yet?” According to Edwards, the answer lies in several key factors beyond just the…
[ad_1] Bitcoin traders are upbeat, confident that bulls have more legs to push prices above $72,000 and all-time highs. While the excitement about what lies ahead is primarily due to the mass inflow into spot Bitcoin exchange-traded funds (ETFs), Charles Edwards, the founder of Capriole Investments, has picked out multiple factors capping the current uptrend to $100,000. Here’s Why Bitcoin Is Still Trading Below $100,000 In a post on X, Edwards said several factors combine to suppress gains. However, most relate to a tussle between new institutional money and a wave of long-term holder selling. Roughly six months after the…
[ad_1] Traditionally considered an odd couple, Bitcoin has made intriguing forays into the crypto ecosystem over the past year. Cake Wallet’s decision to integrate Lightning is an unexpected yet exciting development that continues this trend of Bitcoin integration. In doing so, Cake aims to make Bitcoin more practical for everyday use for its users.In a post published yesterday, Breez CEO Roy Sheinfield emphasizes the “massive opportunity” this creates:“Introducing Lightning to the broader world of crypto will help more users interface with Bitcoin, and Lightning is the tech that can put the currency into “cryptocurrency.” Bringing crypto and Lightning together is…