Category: Other Crypto News

Top Analyst Suggests Solana May Surpass XRP In Market Value: Here’s Why And When

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Solana (SOL), currently the seventh-largest cryptocurrency by market cap—trailing behind Bitcoin (BTC), Ethereum (ETH), USDT, Binance Coin (BNB), XRP, and USDC—may be on the path of surpassing its closest competitor, XRP. This potential shift is largely attributable to the intensifying infrastructure race between the two projects, as highlighted by market analyst Alex Carchidi from The Motley Fool in a Tuesday report.  The Race For Tokenization Capital  While XRP holds a larger market cap of approximately $87 billion compared to Solana’s $50 billion at the time of writing, both assets are…

Bitcoin May Sink To $50K, Standard Chartered’s Kendrick Warns

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Standard Chartered’s Geoffrey Kendrick says Bitcoin could still face a final washout to $50,000 before recovering sharply, arguing that the current drawdown looks more like a macro-led tech capitulation than a crypto-specific breakdown. Speaking on Deribit’s Crypto Options Unplugged, Kendrick, the bank’s global head of digital assets research, said he still expects Bitcoin to end the year at $100,000 and reach $500,000 by 2030, even as he warned that the near-term setup remains fragile. “Picking the bottom is always extremely difficult,” Kendrick said, framing the recent selloff as mostly orderly…

Aave Founder Says DAOs Must Evolve

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Stani Kulechov, the founder of decentralized lending platform Aave, says decentralized autonomous organizations (DAOs) need a rethink, namely, how much tokenholders vote on as opposed to input from leaders. His comments came in the wake of governance disputes about the future of the protocol. Kulechov said in an X post on Tuesday that DAOs, in their current form, are “extraordinarily difficult” to operate because of internal conflicts and proposals that can take weeks of forum posts, temperature checks and multiple votes to pass. DAOs are intended to operate without core…

Ethereum’s Adoption Paradox: More Users, Lower Prices

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Ethereum is seeing a growing divergence between the level of activity on the network and spot prices, suggesting that transactional activity alone isn’t driving demand for Ether. Ethereum network activity has been reaching record highs, according to CryptoQuant, including active addresses, token transfers, and smart contract calls. Total active addresses spiked to over 1.1 million in February, more than double the prior-year period, while token transfers topped a million in March, up from around 750,000 in December, according to CryptoQuant data. Smart contract and automated protocol token transfers have also…

French Couple Held Hostage As Fake Cops Steal €900K in BTC

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Three individuals stole almost $1M on Bitcoin from a couple at knife point at their home. The Bitcoin Crime Modus Operandi French outlet TF1 Info reported today that on early Monday morning, a man and a woman in their late fifties were held captive in their home in Le Chesnay, Yvelines (France), by three individuals posing as police officers. Related Reading Following the TF1 account, the woman opened the door of her house when the individuals identified themselves as the police, only to be then pushed and kidnapped inside alongside…

Crypto is Just Finance on Different Infrastructure: ASIC

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Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief of Australia’s securities regulator. In a paper presented at the Melbourne Money & Finance Conference on Wednesday, Australian Securities and Investments Commission’s (ASIC’s) head of fintech, Rhys Bollen, said crypto should be regulated on “economic substance rather than technological form.” Tokenized securities should fall within securities laws, and stablecoins should trigger payment services legislation, Bollen said, while noting that other…

XRP Price its Wall at $1.45, Downside Risks Begin Building

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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…

AI Will Boost Jobs With Infrastructure Buildout: Huang

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Artificial intelligence won’t be the large-scale job-taker as feared, as the tech needs workers to build and then maintain the trillions of dollars worth of infrastructure for it to run, says Nvidia founder Jensen Huang. Huang argued in a blog post on Tuesday that AI has become “essential infrastructure, like electricity and the internet,” and the facilities that make the chips, build computers and eventually house AI are “becoming the largest infrastructure buildout in human history.” “We have only just begun this buildout. We are a few hundred billion dollars…

Ethereum Price Rejected Again, Market Watches Key Support Closely

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Ethereum price started a recovery wave above the $2,000 zone. ETH is now struggling to clear $2,090 and remains at risk of another decline in the near term. Ethereum started a recovery wave above the $2,000 zone. The price is trading above $2,000 and the 100-hourly Simple Moving Average. There is an expanding triangle forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,090 zone. Ethereum Price Trims Some Gains Ethereum price…

Arthur Hayes Wouldn’t Invest $1 In Bitcoin Right Now

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BitMEX co-founder Arthur Hayes, who has projected Bitcoin to hit $250,000 this year, says he’d rather wait-and-see than invest in Bitcoin at the moment, holding off until the US Federal Reserve loosens its monetary policy. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said on the Coin Stories podcast published to YouTube on Tuesday. “The longer this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine,” he…