The XRP price has encountered a bearish rejection at the critical golden ratio level, potentially leading to a prolonged corrective movement, with indicators suggesting bearish signals in both the weekly and daily charts.
Solana is emerging as a standout in the crypto market, drawing comparisons to Apple for its innovative approach to melding hardware and software, with a focus on leveraging hardware to enhance and broaden the Web3 experience. Additionally, Solana's network performance, fast transactions, and low fees position it as a competitor to Ethereum, attracting pragmatic developers and institutional interest.
FTX CEO John J. Ray III disputes former CEO Sam Bankman-Fried's claim that customers lost no money in the exchange's collapse, stating they are "categorically, callously, and demonstrably false," and arguing that the recovery of funds does not absolve Bankman-Fried of criminal behavior.
BlackRock has launched its first tokenized fund, called the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), on a public blockchain, allowing qualified investors to earn US dollar yields by subscribing to the fund through Securitize Markets.
FTX Trading Limited CEO John J. Ray III accuses cryptocurrency founder Sam Bankman-Fried of living a "life of delusion" and denies his claim that customers, lenders, and investors were not harmed by his crimes, stating that vast sums of money were stolen.
Morph raises $19 million in seed funding for its permissionless Ethereum Virtual Machine (EVM) layer 2, Elastos introduces BTC Oracle for Bitcoin L2, and VeChain announces the winner of its hackathon, including the Meatless app for sustainable food products.
CryptoPunks NFT Punk #7804 was sold for over $16 million worth of ETH, making it the second-largest CryptoPunks sale ever, as the market for non-fungible tokens continues to thrive.
The bitcoin price has surged by 5%, leading to gains in the wider crypto market, following the Federal Reserve's decision to maintain interest rates and Fed chair Jerome Powell's announcement of potential rate cuts. Additionally, BlackRock, the world's largest asset manager, has filed to launch a tokenized private equity fund, signaling its continued involvement in the crypto space.
Bitcoin surges over 10% to surpass $67,000 as the Federal Reserve retains its outlook for rate cuts and expresses a dovish stance on inflation, while other cryptocurrencies like Ether and Dogecoin also rebound with positive market sentiment.
Financial advisors' views on Bitcoin have softened as the Securities and Exchange Commission approves Bitcoin ETFs and major funds such as BlackRock and Fidelity experience significant gains.
The US Securities and Exchange Commission (SEC) has been sanctioned by a federal judge in Utah for "bad faith conduct" after making inaccurate statements in a crypto fraud case.
GreenpeaceUSA has criticized the Bitcoin mining industry for its ties to the fossil fuel industry and right-wing climate deniers, but Bitcoin miners and proponents have pushed back, arguing that the industry is promoting renewable energy and stabilizing electrical grids.
Crypto crook Sam Bankman-Fried's lawyers argue against federal prosecutors' request for a 40 to 50-year prison sentence, believing it to be excessive and unfairly painting their client as a supervillain.
Base, the layer-2 blockchain from Coinbase, is facing high network traffic and increasing fees, causing some users to experience stuck transactions and wallets to disable transaction cancellation. Despite the surge in network activity, funds are safe, and users are advised to resubmit transactions with the latest gas fee or wait for traffic to subside. The rise in Base's activity is driven by the popularity of meme coins, with transactional count increasing dramatically since late February.
The focus in the crypto world has shifted from Ethereum's Dencun upgrade to Bitcoin's upcoming halving, while attention is also being drawn to the meme coin frenzy on Solana, with Solana co-founder Anatoly Yakovenko welcoming the network stress test.
The Federal Reserve plans to keep interest rates steady and maintain its plan to cut rates later this year, while the price of Bitcoin remains relatively unchanged following the announcement.
A stablecoin bill could potentially be passed in Congress this year, according to Rep. Patrick McHenry and Sen. Cynthia Lummis, although the timing remains uncertain. The House of Representatives has largely finalized the bill and it just needs a scheduled floor vote, while discussions between lawmakers in the Senate and the House are ongoing.
Professional basketball player Tyrese Haliburton expressed his openness to receiving a portion of his salary in cryptocurrency, particularly Ethereum, and mentioned his interest in his brother day trading with a large sum of his contract.
Bitcoin's price surged above $64,000 after the Federal Reserve decided to maintain interest rates and stick to its projection of three rate cuts for this year, easing concerns of a more hawkish stance and boosting investors' confidence in the cryptocurrency.
Bitcoin and the crypto market have experienced a recent correction due to factors such as excessive leverage, the negative impact of Solana's rise, and the failure of an ETF proposal, according to economist Alex Krüger.
Wall Street is bullish on Riot Platforms (NASDAQ:RIOT) as the Bitcoin halving event approaches, with one investment bank issuing a $15 price target and an "overweight" rating for the stock, citing the company's expected increase in hashrate and lowest production cost in the industry as drivers of growth.
Coinbase is experiencing intermittent failures in transactions on its platform due to network congestion on Base, the Ethereum scaling network that Coinbase incubated. This congestion is a result of the significant increase in transaction volume on Base following the launch of the Ethereum Dencun upgrade.
Dogecoin's price has been correcting after reaching a two-year high, but its decline presents a buying opportunity as it is more lucrative than its competitor Shiba Inu, with the potential for recovery and price rise in the near future, according to the Market Value to Realized Value (MVRV) ratio and the holding patterns of whales.
Real estate tokenization, which involves dividing a property into fractions and representing it digitally on a blockchain, is experiencing significant growth and is expected to contribute to a $16 trillion market by 2030, offering benefits such as increased liquidity, decreased barriers to entry, transparency, automation, and security; however, challenges remain in terms of regulatory frameworks and technical risks.
Solana has surpassed Ethereum as the top smart-contract blockchain by trading volume, driven in part by the popularity of Solana-based memecoins and the platform's lower transaction fees.
A U.K. citizen, Jian Wen, was found guilty of money laundering bitcoin for a Chinese fugitive involved in a $6 billion fraud, while also being acquitted of other money laundering charges.
The recent Dencun upgrade on layer-2 networks in Ethereum has significantly reduced transaction fees, with gas fees dropping by over 90% on several networks. This has been made possible through a data storage solution called proto-danksharding, powered by blobs, allowing layer-2 data to be stored temporarily on-chain. While some layer-2 networks are still in the process of integrating the update, those that have implemented it have seen a surge in network activity. However, critics suggest that transaction costs may rise with increasing network traffic.
Democratic consulting firms are facing a dilemma as they work with crypto super PACs that are targeting Senate races, potentially threatening the Democrats' majority. The firms risk losing work from party leaders if they continue to support the crypto groups.
The US Securities and Exchange Commission (SEC) is reportedly conducting an investigation to determine whether Ethereum should be classified as a security, potentially hindering the approval of Ethereum exchange-traded fund (ETF) applications and raising questions about the regulatory oversight of Ether futures markets.
The approval of Bitcoin exchange-traded funds (ETFs) has caused a surge in the crypto market, attracting institutional investors and creating a supply/demand imbalance that is likely to continue, but for crypto to become mainstream, more real-world use cases need to emerge; meanwhile, altcoins have yet to have their moment in the current rally.
Solana, a blockchain network, is experiencing a boom in meme coin trading, but the surge in activity has led to congestion and failed transactions, highlighting scalability issues for the network. Solana's CEO sees the meme coin frenzy as a stress test for the fast-growing network.
South Korean cryptocurrency mogul Do Kwon will be extradited to South Korea rather than the United States after an appeals court in Montenegro overturned an initial ruling, and Kwon's lawyer states that there are no further avenues for appeal.
The Ethereum Foundation, the non-profit organization behind Ethereum, is currently under investigation by an undisclosed state authority, with the scope and focus of the investigation unknown.
Lawyers for Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, argue that he should not receive a lengthy prison sentence for charges of stealing $8 billion from FTX customers, stating that a sentence significantly lower than the proposed guideline range would be appropriate punishment.
Robinhood Launches Android Crypto Wallet Amid Market Resurgence, Aims to Make Crypto More Accessible
Cryptocurrency trading platform Robinhood has launched a crypto wallet for Android users, expanding its reach to the 70% of mobile users who utilize Android devices and allowing them to access various features such as holding private keys and storing different cryptocurrencies.
A Montenegro appeals court has rejected a bid from Do Kwon, founder of Terraform Labs, to reverse a ruling approving his extradition to South Korea over criminal charges relating to the collapse of his crypto enterprise.
BitMEX founder Arthur Hayes is bullish on the decentralized finance project Pendle, the peer-to-peer file storage network Filecoin, and the use of Bitcoin ordinals for creating NFTs on the Bitcoin blockchain.
MicroStrategy, led by Chairman Michael Saylor, has acquired an additional 9,245 Bitcoin, bringing their total holdings to 214,246, which represents 1.02% to 1.5% of the total Bitcoin supply.
Kraken Institutional, the dedicated brand for crypto solutions for institutional investors, has launched its qualified custody solution through its state-chartered bank, Kraken Financial, providing secure and seamless access to crypto assets.
Goldman Sachs remains optimistic about Bitcoin despite its recent price drop, as institutional investors show increased interest in the cryptocurrency.
Federal Reserve officials are expected to announce their decision on interest rates today, with speculation surrounding the number of rate cuts planned for 2024, while Bitcoin prices stabilize around $64,000 and the Biden administration awards Intel $8.5 billion in grants through the CHIPS Act.
Indie gaming curator The MIX plans to launch over 100 games on the Xai Ethereum network by the end of 2024, with the first games expected to go live within 60 days, offering indie game developers an opportunity to connect and grow their audience through the Xai network's Web3 technology.
MicroStrategy has announced the acquisition of an additional 9,245 Bitcoin, bringing its total holdings to 214,246 BTC, valued at $7.53 billion, cementing its position as a dominant player in the Bitcoin market.
Starknet, the Ethereum layer-2 network, plans to introduce parallel transactions and fee reduction measures in the second quarter of 2024, aiming to improve throughput and transaction speed, making it more competitive with Solana, according to their recently released road map.
Grayscale is seeking to convert its Grayscale Ethereum Trust into an ETH spot ETF, allowing stakeholders to participate in staking and simplifying shares for shareholders, but the future of spot ether ETFs remains uncertain as the U.S. SEC may reject pending applications.
Hip-hop icon Ghostface Killah is partnering with Nakamotos on BTC and OrdinalsBot to launch a collection of music-themed Ordinal Inscriptions on the Bitcoin blockchain, allowing for the inclusion of high-quality audio on the blockchain through recursive inscriptions.
Morph, a layer-2 Ethereum Virtual Machine, has raised $19 million in a seed round to provide a user-friendly option for developers building finance, gaming, social media, and entertainment apps by leveraging a combination of optimistic and zero-knowledge rollup technology to tackle the blockchain trilemma of decentralization, safety, and scalability.
Crypto-friendly bank Meld plans to offer lending and borrowing against tokenized real-world assets in partnership with DeFi platform Swarm, providing retail investors with the opportunity to access cross-asset margining and ape more into bitcoin.
Bitcoin quickly recovered after dropping below $61,000, but major tokens still experienced losses up to 15%, with analysts lowering the chances of an ETF listing for Ethereum and advising traders to monitor risk appetite influenced by central bank meetings.
Solana-based decentralized exchanges have surpassed Ethereum in trading volume due to the popularity of meme coins, with Solana boasting higher capital efficiency and becoming the No. 1 smart-contract blockchain.
