Day: January 15, 2024

SUI Price Jumps 78% to New ATH in One Week

SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH. The price of SUI, currently the 50th largest cryptocurrency by market capitalization according to CoinMarketCap data, hit a new all-time high (ATH). SUI rose to $1.43, the highest price since May 2023, shortly after the network’s launch. The platform’s market cap is now at $1.54 billion. SUI seems to be on an impressive bull run, climbing more than 10% in the last 24 hours, and over 78% in 7 days.…

Binance Unveils 2023 Full-Year Market Performance Report

The Binance report revealed that on-chain metrics indicated a remarkable resurgence in gaming activity in 2023. Binance, the world’s largest cryptocurrency exchange by trading volume, has released its yearly report on the digital assets industry for 2023 and a possible outlook for the new year. In a blog post published on January 15, 2024, the company revealed that the industry witnessed a significant comeback with a 109% increase in total market capitalization after the year-long turbulence in 2022. Market Resilience amidst Turbulence The report, authored by the Binance research team, JieXuan…

Exploring Real-World Potential of DLT Solutions

The announcement of Hitachi joining the Hedera Council aligns with broader advancements in DLT within traditional finance. In a move towards advancing sustainability and enhancing supply chain solutions, Hitachi America Ltd (Hitachi) has joined the Hedera Council, as recently announced in a blog post by the Council. Hedera’s Unique DLT for Real-World Applications Hitachi’s decision to join the Hedera Council stems from the belief in the real-world potential of Distributed Ledger Technology (DLT) solutions built on Hedera’s highly scalable and secure network. The commitment to sustainability and the unique features…

Ethereum Name Service Steals The Show: ENS Leaps 70%

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As of this writing, ENS is trading for $24.6,3 down nearly 4% in the last 24 hours, data from Coingecko shows. The project has a market capitalization of $761 million, with a 31 million ENS supply in circulation. Ethereum Name Service: From Frozen Depths To Soaring Heights Just months ago, ENS lay buried under a blanket of fear, uncertainty, and doubt. Battered by a prolonged crypto winter and regulatory chills, it slumped to a five-year low in June 2023. Yet, as the new year dawned, a thaw set in. Fueled…

A Trump return could mean friendlier crypto laws: GOP whip

U.S. Representative Tom Emmer (R-MN) says the crypto sector will benefit from a second Donald Trump presidency. Trump has already been exploring non-fungible tokens (NFTs), but stated that he was “not a fan of Bitcoin,” calling it “highly volatile and based on thin air.” Still, some lawmakers speculate that a Trump victory in the upcoming 2024 presidential election could propel Bitcoin (BTC) to new price highs. Emmer foresees Trump’s influence on Bitcoin prices Politico is reporting that pro-crypto congressman Emmer envisions a regulatory environment conducive to the overall crypto sector,…

Bitcoin To Reach $1 Million In Days To Weeks, Crypto Analyst

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The CEO of Jan3 and Bitcoiner, Samson Mow, has once again reiterated his ultra-bullish prediction for Bitcoin. The Bitcoin advocate noted that the ‘Max Pain Theory’ was still in play, and this is one of the reasons why he isn’t backing down from his assertion that Bitcoin will hit this price level sooner rather than later.  Bitcoin’s Rise To $1 Million To Happen “In Days To Weeks” Samson Mow stated in an X (formerly Twitter) post that his “main prediction” is that Bitcoin’s run to $1 million will happen in…

Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project

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It’s unclear how much fresh capital the new spot bitcoin exchange-traded funds (ETF) will attract, but significant funds from other crypto products are expected to pour in, J.P. Morgan said in a Thursday research report. The market reaction to the U.S. Securities and Exchange Commission’s (SEC) reluctant approval of spot bitcoin ETFs has been relatively muted, with the focus now shifting to how much capital these new ETFs will pull in, the report said. “We are skeptical of the optimism shared by many market participants at the moment that a…

Polygon Team’s Secret MATIC Sales Lead To Depressed Price

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In a detailed analysis released by crypto intelligence firm ChainArgos, allegations have surfaced about the Polygon team’s involvement in secret sales of MATIC tokens, potentially leading to a suppression of the token’s price. The revelations stem from an in-depth examination of the token allocations and subsequent flows to various exchanges. ChainArgos, in a series of statements on X (formerly Twitter), elaborated on discrepancies between Polygon’s publicly stated token allocation plan and the actual flows observed. Notably, the firm identified irregular outflows from a “vesting contract” and a foundation contract, which…