Month: June 2024

Injective eyes new ATH while Bitcoin whales pivot to Raboo

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Speculation surrounds Injective’s potential to reach a new all-time high as Bitcoin whales shift their focus to the presale token Raboo. Much speculation is going on in the crypto market currently as two interesting but contrasting stories make the headlines. The first story hints at the possibility of Injective (INJ) returning to its previous all-time-high as it continues its current bull run.  However, the second seems to captivate investors…

Coinbase International Adds Support for Trading Pre-Launch Tokens

Coinbase International has announced its support for pre-launch markets, a platform that allows traders to trade perpetual futures contracts for tokens that are yet to launch. This feature offers traders the opportunity to participate in price discovery of upcoming projects within a secure environment. Pre-launch markets also carry unique considerations and elevated risks, including lower […] Source CryptoX Portal

SUI: SuiNS Adopts @ Symbol for Streamlined Blockchain Identity

SuiNS has introduced a significant update to its naming standard, transitioning from the .sui extension to the @ symbol. This change aims to simplify blockchain identity management and enhance user experience across Web2 and Web3 platforms, according to The Sui Blog. Introducing SuiNS’ New Naming Standard The shift from .sui to @ is designed to make usernames more intuitive and user-friendly. This change aligns with common Web2 conventions, allowing users to maintain a consistent identity across various platforms. For example: chris.sui becomes @chris …

Analyst Points To Ultra Rare Signal

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The latest chart analysis by crypto analyst @Cryptobilbuwoo0, published via X, offers a compelling narrative for XRP’s potential upward trajectory when juxtaposed against the total cryptocurrency market capitalization. The analyst emphasizes key technical indicators and historical patterns, suggesting that XRP might be on the brink of a significant bullish phase. XRP Price Poised To “Bounce” The XRP/Total chart primarily illustrates a descending trajectory that began forming from its early 2018 peak. This overarching downtrend is marked by successive lower highs that articulate a consistent descending trendline. Moreover, @Cryptobilbuwoo0 highlights the…

Crypto Exchange FTX Victims View Bankruptcy Process as ‘Second Act of Theft,’ File to Recover $8B

FTX collapsed in November 2022. The lawyers said that the jury found SBF stole no less than $8 billion from FTX customers. Bankman-Fried, who was also ordered to forfeit $11 billion, plans to appeal his sentence and conviction. “If not for SBF’s crimes for which he was convicted—i.e., the theft and misuse of customer assets—the customers would have today owned their crypto investments,” the filing said. Source

Bitcoin Braces For 10-20% Crash, Top Analyst Cites 90% Chance Of Pullback

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Bitcoin (BTC), the largest cryptocurrency on the market, has again taken the lead in the crypto landscape. However, this time it comes with a sense of caution among investors triggered by macroeconomic data, particularly from the United States.  In addition, the resulting outflows of over $600 million from the primary market of the digital asset ecosystem, as reported by asset manager CoinShares, have raised concerns about potential price corrections shortly.  Against this backdrop, renowned analysts and technical experts have weighed in to share their insights and predictions on Bitcoin’s future…

XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles

The graph comprises four quadrants: leading, weakening, lagging, and improving. The leading quadrant (top right) indicates strong relative strength and positive momentum, weakening (bottom right), strong relative strength but negative momentum. Lagging (bottom left) represents weak relative strength and negative momentum and improving indicates weak relative strength but positive momentum. Source