[ad_1] Dogecoin (DOGE) rival Floki (FLOKI) is soaring as crypto investment firm DWF Labs commits to a new massive purchase of the memecoin. DWF Labs tells its 85,800 followers on the social media platform X that Floki’s ecosystem advancements are cementing the project’s position in the digital assets sector. “Thrilled to announce our continuing support for Floki. We’re excited to support their team in several exciting launches this year: the mainnet version of Valhalla, a metaverse game, as well as several key utility projects. Congratulations to their team for all their work in driving widespread crypto adoption and solidifying their…
Author: dfrancis36
[ad_1] Injective, a Layer 1 (L1) protocol, emerged as one of the standout performers in the crypto market on Thursday, with its native token INJ experiencing a substantial 7% surge within the past 24 hours. Accompanying this surge, the protocol’s market capitalization is inching closer to the significant milestone of $3 billion. The price movement coincides with notable announcements by the Injective protocol regarding its token and ecosystem. Injective Users To Burn 6 Million INJ One of the key announcements unveiled by the protocol is the release of a comprehensive paper on the Injective Token, INJ. The paper delves into…
[ad_1] In a significant legislative development, the President of the United States has been granted extensive powers to regulate digital assets, sparking concern across the crypto community. This new authority allows the President to intervene directly in digital asset transactions, particularly those that could be linked to foreign entities and potentially harmful activities. Experts argue that this could lead to significant “overreach” and impact the autonomy of digital asset users. A Closer Look At The Legislation’s Implications For Crypto The law, inserted into legislation by Senator Mark Warner, broadly defines “digital assets” as any digital representation of value or contractual…
[ad_1] GMX, the native token of decentralized perpetual exchange GMX, has soared over 20% in the past 24 hours. The surge was seemingly fueled by a crypto whale move that ignited the community’s positive sentiment towards the token. Some analysts believe GMX might be preparing for a breakout above the $60 mark. Related Reading Whales Send GMX To New Wallets In the early hours of Thursday, a whale withdrew over 85,000 GMX tokens from crypto exchange Binance. Per the reports, the whale sent the funds to a fresh wallet, boosting the price surge. The whale withdrew 84,515 GMX, worth around…
[ad_1] Binance, the world’s largest cryptocurrency exchange, has resumed Mastercard payments for purchasing cryptocurrencies, marking a significant development in the crypto payment landscape. While Mastercard withdrawal services are not yet available, they are expected to be reinstated at a later date. This move comes after Mastercard suspended crypto-related services on Binance in August 2023. The decision coincided with Binance facing legal challenges in the United States, including regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). After conducting a thorough review of Binance’s controls and processes, Mastercard decided to reinstate Binance-related…
[ad_1] As the meme coin mania persists, popular cryptocurrency expert and enthusiast Javon Marks, in a bullish outlook for Dogecoin (DOGE), has predicted the crypto asset to undergo a 4x surge, projecting it to reach a new all-time high and potentially climbing higher. Impending 4x Spike For Dogecoin To New All-Time High This optimistic forecast, which indicates tremendous growth potential for Dogecoin in the upcoming months, coincides with a more general upward trend in the cryptocurrency sector. The crypto analyst attributes the positive outlook for the popular meme coin to the pattern of previous breakouts and runs. Back in April,…
[ad_1] Bitcoin long-term holders are back in profit following the flagship crypto’s recent price surge. However, the same can’t be said for most short-term holders yet, given the levels at which they purchased their Bitcoin holdings. Only 0.03% Of Long-term Bitcoin Holder Supply In Loss In a recent market report, on-chain analytics platform Glassnode claimed that the total volume of long-term holder (LTH) supply held in loss is “negligible,” with only 4,900 BTC (0.03% of LTH) acquired above Bitcoin’s current price. These long-term holders in loss are said to have been those who bought the 2021 cycle top and have…
[ad_1] Bitdeer, a prominent Bitcoin (BTC) miner, has announced its acquisition of Desiweminer, a designer of chips for ASIC mining machines, in a significant all-stock transaction valued at $140 million. This strategic move aims to bolster Bitdeer’s capabilities in ASIC chip design and enhance its position in the competitive cryptocurrency mining industry. According to the announcement made on Thursday, Bitdeer will acquire all outstanding shares of Desiweminer for a consideration of 20 million Class A ordinary BTDR shares. The transaction is subject to customary closing conditions, signaling the culmination of negotiations between the two entities. As part of the acquisition,…
[ad_1] Ripple President Monica Long has shed light on the potential launch of an XRP ETF, clarifying the crypto payment company’s stance on the subject. She addressed the growing interest within the market, stating that the introduction of an XRP ETF would be a reasonable progression. Ripple President Deems XRP ETF Plausible In a recent interview with CNBC, Long addressed the growing curiosity surrounding the possible launch of an XRP ETF. When questioned about the likelihood of an XRP ETF in the near future, Long remarked “I think it will make a lot of sense.” She cited XRP’s current regulatory…
[ad_1] As the crypto community stands on the brink of what could be a major season for the altcoin market, numerous indicators suggest that a significant market shift may soon be underway. Notably, the focus within the crypto market is poised to transition from Bitcoin to its contenders—altcoins—which are speculated to offer higher returns in the coming months. Related Reading Anticipating the Altcoin Uptick In These Months Prominent crypto analyst Michael van de Poppe has been vocal about this impending shift. According to Van de Poppe, the period from late June to October could be pivotal for altcoins. This timeframe…