Investors tend to focus on monetary policy from the major central banks and Canada, Sweden, and Switzerland have each cut rates three times this year. Lower borrowing costs going forward should boost the price outlook for crypto, says Scott Garliss. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Fed rate cut revives the crypto market, boosting Bitcoin, while investors eye Lunex Network’s potential 4500% gains. The Fed rate cut, for the first time since March 2020, has brought life back to the crypto market’s dimming embers. Bitcoin, which hit a gut-wrenching $51k monthly low, has added a 20% gain, but Solana remains pale. Experts predict the dovish policy will supercharge the top crypto price. However, BTC…
GraFun, released Friday on BNB Chain, saw over 5,800 tokens created on its first day, generating around $100,000 in fees for the blockchain. One GraFun-originated project, BabyBNB, reached a peak market cap of $132 million a day after issue and was eventually listed on centralized exchanges MEXC and Gate. Source
Chintai is a layer-1 blockchain for tokenized real-world assets, with its native token CHEX powering the network. Chintai Network Services Pte Ltd, the network’s ecosystem development firm, is regulated and licensed by the Monetary Authority of Singapore (MAS) to act as a Capital Markets Services provider and a Recognized Market Operator for primary issuance and secondary market trading in digital securities, according to the project’s white paper. The network’s other business unit, Chintai Nexus, is based on the British Virgin Islands and deals in issuing non-security tokens. Kin Capital operates…
Kamala Harris only leads by one percentage point, but is set to carry most of the swing states. Source
Este artículo también está disponible en español. Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge. Given their buying spree so far, the number of BTC being held by the Spot Bitcoin ETFs has been rising and is almost at the 1 million mark, Spot Bitcoin ETFs Now Hold 924,768 BTC…
“Our FX desk is a distinct offering in the crypto brokerage space, and we’re grateful for Lux and Rich’s efforts in supporting our expansion,” a FalconX spokesperson said in emailed comments. “As advisers, they will continue to support our mission to make crypto capital markets more robust and ready for institutional adoption. In this next stage, we are focused on scaling the electronic FX trading platform and excited to have Hilal Mehydene join our growing FX team.” Source
Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might aim for a fresh increase above the $162 resistance zone. SOL price started a fresh increase above the $155 zone against the US Dollar. The price is now trading near $155 and the 100-hourly simple moving average. There is a key rising channel forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start another increase if it stays above the $155 support zone. Solana…
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On Sept. 30, 2024, ethereum’s price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages provide conflicting signals. Traders are closely watching whether the second leading crypto asset will break through resistance or test lower support zones, given the current […] Source CryptoX Portal