Day: July 3, 2024

FET Drops 9% As ASI Token Merger Phase 1 Kicks Off

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The Artificial Superintelligence Alliance (ASI) kicked off phase 1 of its token merger process. The project recently announced the beginning of the migration process with the delisting of Ocean Protocol (OCEAN) and SingularityNET (AGIX) from crypto exchanges. However, FET is facing some pressure following its rebranding and supply update. Related Reading ASI Token Merger Phase 1 Begins On July 1, the ASI alliance and Fetch.AI (FET) announced the multi-token merger to unify OCEAN, AGIX, and FET. As part of phase 1, withdrawals and deposits with OCEAN and AGIX would close…

Exploring Upward Momentum and Bullish Prospects

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Should Investors See This as a Buying Chance?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

ETH Price Dips As Ethereum ETF Approval Faces Delay

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Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. SEC Requests Revised Filings Analysts had initially anticipated approval by July 2, but the SEC has requested issuers to submit revised filings by July 8. Bloomberg ETF expert Erich Balchunas shared on social media that the SEC took additional time to provide…

Nycrypto Labs raises $800k to launch Tidus, a crypto everything app

This app will be the first multi-chain, multi-layer, non-custodial wallet to offer in-app lending, borrowing, swapping, and staking while mitigating bridging risks. Nycrypto Labs, a hub for blockchain development aiming to streamline the shift from Web2 to Web3, just disclosed that it successfully secured $800,000 in pre-seed funding. This funding achievement coincides with the debut of Nycrypto’s primary product, Tidus Wallet. This wallet serves as the sole multi-chain wallet, allowing cross-chain lending, borrowing, and staking within the app. DNA Fund spearheaded the funding round, joined by Transform Ventures, led by…

Sony Group to Enter the Cryptocurrency Trading Business Through S.BLOX’s Whalefin

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Sony Group, the Japanese multinational conglomerate, will enter the cryptocurrency trading services business through its newly revamped S.BLOX subsidiary. The company, previously known as Amber Group, operated a cryptocurrency exchange called “Whalefin,” which will be renewed with the release of a new app, new functions, and support for more cryptocurrency assets. Sonny Group to Dabble […] Source

Ethereum Reverses Course: Can ETH Bulls Save The Day?

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Ethereum price failed to climb above the $3,520 zone and corrected gains. ETH is now showing bearish signs below the $3,400 support zone. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now at risk of more downsides below the $3,350 support zone. Ethereum Price Dips Again Ethereum price…

Fundstrat’s Head Of Research Says Bitcoin Will Reach $150,000, Here’s When

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Fundstrat’s head of research, Tom Lee has doubled down on his initial Bitcoin prediction, strongly emphasizing that the pioneer cryptocurrency will surge to $150,000. The Wall Street strategist highlighted Bitcoin’s strong bullish outlook, believing that the cryptocurrency will eventually pull out of bearish trends soon. Bitcoin To Hit $150,000 In 2024 In a recent interview with CNBC Television, Lee expressed bullish optimism over Bitcoin’s future outlook, reaffirming his previous prediction that the cryptocurrency would reach new all-time highs of $150,000 by the end of 2024.  Related Reading Earlier in May,…

Bitcoin Price Takes a Step Back: Analyzing The Recent Correction

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Bitcoin price failed to continue higher above the $63,650 resistance zone. BTC is now correcting gains and might revisit the $60,850 support. Bitcoin started a downside correction from the $63,650 resistance zone. The price is trading below $62,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $62,250 resistance zone. Bitcoin Price Dips Again Bitcoin price struggled…

Spot Ethereum ETF to drive Ether demand

SCRYPT CEO Norman Wooding told crypto.news several factors point to higher Ethereum prices if the SEC approves spot Ether ETFs.  Wooding predicted that spot Ethereum (ETH) ETFs will follow the pattern of spot Bitcoin (BTC) funds and push ETH prices above $4,000. According to the expert, approval for spot ETH ETFs will eliminate “lingering anxieties” surrounding the second-largest cryptocurrency and boost market demand.  Wooding opined that Ether could retest its $4,800 peak if spot ETH ETFs capture 10-20% of Bitcoin ETF flows. ETH data | Source: TradingView “This opens doors…