Month: August 2024

New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days

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A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner’s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosu’s Sister Sparks New Memecoin Wave Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro,…

Fed’s lean toward September rate cut bullish for Bitcoin

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The likelihood of the U.S. Federal Reserve cutting rates in September looks bullish for Bitcoin and crypto investors, QCP Capital analysts wrote in an Aug. 1 report. On July 31, minutes from the Federal Open Market Committee meeting revealed that Fed chair Jerome Powell and other officials at the American apex bank decided to leave interest rates unchanged. Powell and the Fed maintained tighter monetary policies for another month, keeping rates between 5-5.5% as the regulator held out for more positive economic data. According to QCP Capital, the FOMC minutes…

SUN.io Launches SUN DAO to Enhance Decentralized Governance and Drive Ecosystem Innovation

PRESS RELEASE. Singapore, August 1st, 2024 – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative aims to enhance SUN.io’s decentralized governance and community autonomy. By expanding the real-world use cases of the SUN token, SUN DAO will support the development and […] Source CryptoX Portal

StoneX Makes Waves with Montreal Exchange and ASX Membership

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Andrew Lane | Acuity Andrew Lane | Acuity Andrew Lane | Acuity Andrew Lane | Acuity Andrew Lane | Acuity Andrew Lane | Acuity During iFX EXPO International 2024, we had the pleasure to interview Andrew Loveridge from Acuity Trading. He discusses the evolving financial trading industry and the impact of AI, regulation, and technological advancements. He highlights the importance of natural language processing (NLP) and sentiment analysis in trading, detailing how these technologies are used to extract valuable data from text for trading purposes. Andrew also introduces their latest…

Crypto Exec Pushing for Industry Support of Kamala Harris for U.S. President

Despite President Joe Biden’s appointment of Gensler and ongoing support of his oversight of the cryptocurrency sector, “Kamala has, I think, an opportunity at a clean slate,” Thieriot said. The strategy he and the other supporters have in mind: She makes it clear her administration will work with the industry and support clear rules for it, and she shows openness for a friendlier chief at the SEC. Source

Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

Thursday’s decision is expected to put an end to months of back-and-forth over whether Kwon should be extradited to South Korea, which submitted its extradition request first, or the U.S. Kwon successfully fought against earlier rulings to extradite him to the U.S. but, when the High Court of Podgorica ruled to send him to South Korea, the country’s Supreme Court stepped in to postpone it after the country’s top prosecutor issued a statement arguing that the court’s decision overstepped the limits of its power. There have been numerous court rulings…

Bitcoin optimism high heading into a historically slow trading month

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Investors have several reasons to be optimistic toward bitcoin even as it enters one of the sleepiest trading months of the year. The flagship cryptocurrency ended July — usually a strong month — up 5% at $65,596.41, according to Coin Metrics. In June, bitcoin fell 8%. It has finished 7 of the last 11 Augusts in the red, generating an average 2.69% return for the month, according to CoinGlass – largely thanks to a more than 65% gain in August 2017. “We predicted that the elections would be a major…

Key Indicators Signal Further Losses To $12

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Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency. With this current price movement, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment. This article provides an in-depth analysis by evaluating the current market sentiment around Chainlink, examining…

Bitcoin Price (BTC) Tumbles as Donald Trump Victory Odds Slide

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Markets received what nominally was good news on Thursday morning, with the U.S. July ISM Manufacturing PMI falling far more than economist expectations, sending interest rates to multi-month lows across the board. Also, U.S. initial jobless claims jumped to their highest level in about one year. Taken together, the data adds to ideas that the U.S. in on the cusp of a monetary easing cycle by the Federal Reserve – usually thought of as bullish for risk assets, bitcoin among them. Original