Altcoins saw even deeper pullbacks during the same period, with the broad-market crypto market benchmark CoinDesk 20 Index declining over 6% with all twenty constituents being in the red. Ethereum’s ether (ETH) broke below $3,500 and was down 6.5%, while solana (SOL), dogecoin (DOGE), Cardano’s ADA and Chainlink’s LINK endured 6%-9% losses. Original
On the other hand, these traders are betting on what will happen, not what they want to happen. So they are highly incentivized to research and make informed decisions, regardless of their political preferences. In theory, at least, these markets should be a more reliable gauge of sentiment than polling, and perhaps a superior forecasting method as well. Source
FET, AGIX and OCEAN, the native tokens of the Artificial Intelligence (AI) projects Fetch.ai, SingularityNET, and Ocean Protocol, traded lower on Tuesday as Bitcoin dumped amid market anxiety around Fed’s take on interest rates in the US. But that’s not the only factor that could have had the three AI-related tokens dumping more than 7% each. On Tuesday, the Artificial Superintelligence Alliance, an AI research entity bringing Fetch.ai, SingularityNET and Ocean Protocol together, released a news update. Posted on X, an update related to the three project’s anticipated token merger…
Bitcoin is dumping when writing, cooling off from May highs of nearly $72,000. Down roughly 10% from all-time highs, there could be more losses on the way, at least looking at the candlestick arrangement in the daily chart. Now, Willy Woo, a Bitcoin on-chain analyst, thinks the drop is primarily because of the ongoing “miner capitulation.” Woo notes that the network is now actively “culling” out weak miners, forcing them to shut down their operations. Related Reading As they exit, they sell their BTC holdings, running into thousands, if not…
The IOTA Foundation has awarded $2.36 million in grants to 20 blockchain projects as part of its ongoing IOTA Grants program, according to the IOTA Foundation Blog. The initiative aims to foster innovation within the IOTA ecosystem by providing financial support to a diverse range of projects. Grant Program Overview Since the last update, the IOTA Grants program received 82 applications, out of which 20 were selected for funding. The total awarded amount stands at $2,365,000, supporting projects across various categories including decentralized exchanges (DEX),…
Sealana (SEAL), one of the most talked-about Solana presale tokens, has passed the $4 million funding milestone. And as the countdown begins for its highly anticipated DEX listing, investors are scrambling to buy SEAL tokens at a discount while they can. Sealana Presale Raises $4M & Enters Final Stretch Sealana is bringing a dose of […] Source CryptoX Portal
“Layer 2 solutions such as the Lightning Network might also be abused by criminals,” the report said. “This can be used, for example, to make payments to each other without making times and amounts of these payments visible. Similarly, new wallet encryption schemes may also complicate lawful access by law enforcement.” Source
“It unlocks the rest of the world for easy onboarding,” said CEO Ian Krotinsky. Source
The Bitcoin price has fallen by 4.7% since peaking at $71,231 yesterday, now hovering around $66,967. This decline marks a notable return of volatility in the market, driven by several critical factors. #1 Federal Reserve’s FOMC Meeting Anticipation The Bitcoin market seems to be in a risk-off mode ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th. The market’s sensitivity to macroeconomic indicators is on full display as stakeholders await the US Federal Reserve’s decision on interest rates and its economic projections. Current expectations suggest that…
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