BONK price has recently seen a significant breakout from a five-month-old descending wedge pattern. Typically considered bullish, this pattern signals a potential surge in the cryptocurrency’s price. The meme coin market has been flourishing lately, and this could be BONK’s opportunity to push towards its previous all-time high. BONK Traders Are Bullish The market sentiment around BONK has recently shifted…
Bitwise has taken another step towards launching an XRP-based ETF, updating its submission to the US Securities and Exchange Commission (SEC). Based on the filing, the crypto index fund manager revised its S-1 registration, clarifying the structure of the trust, custody measures, and the processes for share creation and redemption. XRP’s regulatory status remains contentious, with the uncertainty playing a…
XRP price has been steadily recovering from its late September losses, which saw an 18% decline in price. Currently trading at $0.55, the altcoin is close to reclaiming an old support level, signaling the potential start of a new rally. As XRP attempts to reverse recent losses, key levels could push the price toward the much-anticipated $0.60 mark. Support from…
Three days ago, SUI reached a new all-time high of $2.36, but Fear, Uncertainty, and Doubt (FUD) surrounding a recent development overshadowed the achievement. Despite this, market investors remain confident that SUI will soon overcome the setback and break resistance levels again. This analysis explores the factors driving this sentiment and what SUI’s price could reach in the near term.…
Donald Trump remains committed to his plans to tame crypto regulation in the US. Latest reports indicate this resolve goes beyond Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC). Digital assets regulation in the US remains a subject for debate, with some saying it stifles innovation and shoves investment overseas. On the other hand, some…
Matt Hougan, Bitwise’s Chief Investment Officer, has forecast a significant price surge for Bitcoin and Ethereum in 2025. During a YouTube interview, he outlined the reasons behind this bold prediction. 3 Reasons Why Bitcoin Could Reach $200,000 by 2025 Hougan shared three key factors for his bullish outlook. These stem from the US elections, large amounts of sidelined capital, and…
PYUSD, PayPal’s dollar-backed stablecoin, dropped 40% in market cap since its high in August. Data suggests that this high only occurred due to high-yield financial incentives from Kamino Finance and others. As these incentives tapered off, PYUSD’s summer growth evaporated almost completely. The Rise and Fall of PYUSD PayPal’s dollar-linked stablecoin PYUSD is undergoing a drastic decline in market cap.…
Federal Prosecutors recommended a five-year sentence for 2016 Bitfinex hacker Ilya Lichtenstein. The severity of his crimes would warrant longer prison time, but his extensive cooperation earned him a reprieve. Lichtenstein’s wife and partner in crime, Heather “Razzlekhan” Morgan, received only an 18-month sentence from prosecutors. Bitfinex Hackers Go Down Federal prosecutors filed a sentencing memorandum for Bitfinex hackers Ilya…
Binance Labs announced an undisclosed investment in Lombard, a security-focused liquid staking token (LST) platform for Bitcoin. Lombard hopes to expand its staking protocol to multiple blockchains. Lombard’s LBTC staking token is new but has already attracted major investments and partnerships. Lombard’s DeFi Strategy Binance Labs has invested in Lombard, distributor of LBTC, a security-focused liquid staking token (LST) for…