SOL, the fifth-largest token by market capitalization, reclaimed the $100 level, erasing the price drop when the Solana network suffered an outage of five hours. It was recently changing hands at $102, up 5% over the past 24 hours. ADA rallied even more, posting a 7% advance during the same time. Source
Solana-based decentralized exchange (DEX) aggregator Jupiter recently announced the possible launch of three new tokens through its launchpad. The announcement follows the launch of its JUP native token via the LFG launchpad last week. Solana’s Community Holds The Power? After the scheduled closing of the JUP launch pool, Jupiter Exchange and its founder took X (formerly known as Twitter) to reveal the next steps for the Solana-based project. Jupiter: Let’s Go! Hello space catdets! Over the last few months, we built a robust community of catdets with a common vision,…
South Korean authorities have reportedly convicted two top executives of the crypto exchange Bitsonic. According to local news agency Newsis, the Seoul Eastern District Court sentenced Bitsonic CEO Jinwook Shin to seven years in prison during his first trial on charges that accused him of defrauding users of the exchange. Shin is said to have manipulated the price of Bitsonic’s native token from January 2019 to May 2021 and set up a paper company to inflate the sales and operating profit of the platform. The report says the exchange recruited…
However, one metric that saw a slight positive bump is the number of active institutional traders in the digital currency sector. 9% of the participants said they are currently trading crypto, up from 8% in 2023. Meanwhile, 12% of the traders said they plan to trade crypto within the next five years. Source
In the past 14 days, the Bitcoin price has displayed a significant uptrend of 14.5%, signaling a resurgence in bullish sentiment. This rally comes as Bitcoin spot exchange-traded funds (ETFs) have been trading for nearly a month, with the market already factoring in this development. As a result, Bitcoin is back on its natural course, gaining momentum ahead of the scheduled halving in April. Currently, Bitcoin has not only regained its bullish momentum after a brief dip to the $38,500 level but has also surpassed the $45,300 mark. It now…
The U.S. Securities and Exchange Commission’s admission that it misrepresented evidence in a lawsuit against the blockchain project DEBT Box casts doubt on its wider enforcement practices, several Republican senators argued in a letter to Chair Gary Gensler. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After an extended consolidation, Dogecoin (DOGE) is recovering from its recent bottom, and firm. However, traders are diversifying and hedging with Sponge V2 following its launch on Polygon. Dogecoin is recovering Analyst Naem believes Dogecoin may be “bottoming out” following a resistance breakout. The analyst also highlighted a “bullish pennant” chart pattern and “volume inflow.” Since posting the analysis on Jan. 23, Dogecoin’s price has climbed 3.8%, confirming the…
The Department of Energy’s statistics wing is feigning an “emergency” to attack legitimate U.S. businesses and score political points, Texas Blockchain Council President Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring write. Source
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Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, stated that Bitcoin was going to hit $100,000 soon enough. Why Bitcoin Will Rise To $100,000 In an interview with Scott Melker, Dunleavy alluded to the Bitcoin Halving as the reason why he believes Bitcoin will hit $100,000. Interestingly, he stated that this prediction was a “bit light” if the past…