Day: June 22, 2024

Solana Records New Monthly User High Amidst Persistent Price Drop

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Cantor Fitzgerald CEO Props up Stablecoins in the Fight for US Dollar Hegemony

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging markets to use their digital dollars for commerce, stabilizing the demand and relevance of the currency. Cantor Fitzgerald CEO: The […] Source CryptoX Portal

Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain

Birdeye, an onchain crypto trading data aggregator, has expanded its services to include the Sui blockchain, providing real-time crypto market data APIs and WebSockets for decentralized finance (DeFi) applications. This integration, which began in April 2024, aims to enhance the data accessibility for developers and traders using the Sui network, according to The Sui Blog. Comprehensive Data Services Birdeye offers a range of APIs and WebSockets that allow users to integrate detailed crypto market data into their projects. Key APIs include the Price API, OHCLV…

Tron price rally continues as USDT transactions rises

Tron price has risen for three straight days after on-chain data pointed to robust performance of its ecosystem. TRX jumped to a high of $0.1185 on Friday, its highest point in a month. It has soared by over 7.65% from its lowest point this month as other altcoins like Ether, Solana, and Pepe slumped. Tron price chart According to TronScan, the 24-hour trading volume of Tether (USDT) on Tron surged to over $53 billion. This happened as the number of transfers jumped to over 2.18 million while the number of…

Beercoin price hits all-time low as trader predicts a rebound

Beercoin price continued its downward on Friday and has now dropped in 10 of the past 11 days, pushing its total market cap from over $307 million to just Beercoin price has.crashed Beercoin’s crash happened as many insiders dumped their tokens in a bid to take profits. This trend pushed more traders and investors to exit their positions. The crash also coincided with the weak performance of Bitcoin and other altcoins. Bitcoin has moved below $64,000 while LayerZero dumped by over 23% as predicted on Thursday. Other meme coins like…

Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales?

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Shiba Inu whales are on the move again, sparking speculations on what they expect from the meme coin. One whale, in particular, has caught the attention of the SHIB community following a massive withdrawal from the popular crypto and stock trading exchange Robinhood. Whale Pulls Out Almost $40 Million From Robinhood The Shiba Inu whale transactions that have got tongues wagging were first picked up on June 20 by the on-chain whale tracking platform Whale Alert. According to the report, the whale had removed a total of 2,2 billion SHIB…

Gemini Founders Donate $2 Million in Bitcoin to Donald Trump to End Biden’s ‘War on Crypto’

Crypto exchange Gemini’s co-founders, Cameron and Tyler Winklevoss, have donated $1 million each in bitcoin to Donald Trump’s presidential campaign. Tyler criticized the Biden administration for allegedly weaponizing government agencies, as well as the U.S. Securities and Exchange Commission (SEC), against the crypto industry. Cameron echoed these sentiments, declaring Trump as the pro-bitcoin, pro-crypto, and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Is Bitcoin Rally Over? New Insights from CryptoQuant Predict a Market Downturn

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According to the latest insight from a CryptoQuant analyst, Bitcoin might be poised for a notable price correction. This possibility of a price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR, a key indicator in the crypto market, measures the profit ratio of spent outputs by comparing the value at which coins were bought to the value at which they were sold. Related Reading According to…

Coinbase, Binance and Other Top Exchanges Roll Out Trading Support for Brand-New ‘Omnichain’ Altcoin

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Coinbase, Binance and a host of other top crypto exchanges around the world rolled out immediate trading support for a brand new altcoin native to an “omnichain” project. LayerZero bills itself as an omnichain interoperability protocol. The project aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” On Thursday, the project launched its new native token, ZRO. Binance added support for the asset with a seed tag, and Coinbase assigned the token an experimental label. Both designations alert users to lower liquidity…