Robinhood, the popular investment and trading platform, has announced a significant upgrade for its crypto customers in the United States. Users can now leverage Robinhood’s newly introduced Crypto Trading API to view real-time crypto market data, manage their portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping […] Source CryptoX Portal
Cardano (ADA), the smart contract platform, has been facing a rough patch recently. While the broader DeFi sector has seen an uptick in DEX volumes, Cardano’s Total Value Locked (TVL) has plummeted, raising concerns about the health of its ecosystem. Related Reading DeFi Activity And NFT Market Slump Despite the surge in DEX volumes across the crypto landscape, Cardano’s TVL has witnessed a significant decline, dropping from $430 million to $230 million, according to data from Artemis, a leading blockchain data provider. This suggests a lack of interest in dApps…
Eric Balchunas, a senior Bloomberg ETF analyst, has predicted that the launch of spot Ethereum ETFs could occur by late June. The latest forecast follows BlackRock’s recent amendment to its Form S-1 filing for the iShares Ethereum Trust, submitted to the Securities and Exchange Commission (SEC) on May 29. This update came nearly a week after the SEC approved BlackRock’s 19b-4 filing, both essential steps for the ETF to commence trading. “Good sign. [Probably] see rest roll in soon,” Balchunas stated in a May 29 X post. Balchunas indicated that…
AI startup Atoma has announced the integration of its AI inference network with the Sui blockchain, aiming to provide developers with enhanced capabilities across various domains, including decentralized finance (DeFi) and gaming. According to the Sui Blog, this integration is expected to empower builders by allowing them to leverage AI in their applications. AI Integration to Enhance Sui Ecosystem Atoma’s choice to integrate with Sui stems from the blockchain’s robust scalability and performance. Although generative AI has gained significant attention in recent years, its application…
CryptoQuant CEO Ki Young-Ju today pointed out significant similarities in Bitcoin’s market behavior between the current state and mid-2020, a period marked by stagnant prices but high on-chain activity. Young-Ju’s insights were illustrated with two key charts and shared via a post on X, drawing parallels that suggest a robust undercurrent of large volume transactions, potentially outside the public exchange networks. Bitcoin realized cap for new whales | Source: X @ki_young_ju The first chart, representing data up until 2020, shows Bitcoin’s price alongside the realized cap for new whales –…
Nigerian record producer Davido’s DAVIDO token netted early buyers a profit of nearly $470,000 worth of Solana’s SOl tokens in just 11 hours, on-chain firm Lookonchain flagged, from just over $1,000 in initial capital. This analysis was done by tracking the deployer of the original token, counting how many tokens they acquired after issuance and the sales in the hours afterward. Source
Circle, the company behind USDC, the second-largest stablecoin in the cryptocurrency market, has announced its official launch in Brazil. The company inked an alliance with BTG Pactual, the largest investment bank in Latam, to provide onboarding and distribution services for Brazilian companies. Circle also partnered with Nubank, a leading digital neobank. Circle Partners With BTG […] Source CryptoX Portal
To make a Floki coin price prediction, we’ll explore the nature of the project as well as recent price performance and the wider factors affecting price. Let’s begin! What is Floki Inu (FLOKI)? Floki Inu (FLOKI) is a well-established meme coin that emerged from humble beginnings as a joke coin referencing Elon Musk’s dog, Floki. The coin launched in 2021, and aims to be a movement encompassing Web3 products, charity work, and its native cryptocurrency FLOKI. FLOKI is chain-agnostic and can be used on both the Ethereum and Binance Smart…
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ATH is gaining traction as a promising crypto token together with Bitcoin and Ethereum. Bitcoin has rocketed back to almost $70,000 per BTC, nearing its all-time high of $73,000 reached last March. Meanwhile, Ethereum has seen a 20% rise to nearly $4,000 per ETH. The massive rally follows the U.S Securities and Exchange Commission (SEC) approval of both Bitcoin and Ethereum exchange-traded funds (ETFs). Recently, the SEC has made…