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A popular crypto analyst and trader says that one Ethereum (ETH) rival is facing a decisive moment. Pseudonymous crypto strategist Credible Crypto tells his 396,500 followers on the social media platform X that if Solana (SOL) fails to hold $140 as support it could plummet. “SOL: this is the last thing stopping us from a meltdown to the range lows at $115. Because this is the most likely region...
Analyst and trader Nicholas Merten is expressing bearish sentiment on Bitcoin (BTC) amid the flagship crypto asset’s failure to rise above a key resistance level. In a new video, Merten tells his 509,000 YouTube subscribers that a correction for Bitcoin is imminent. “I think there are some significant warning signs that people are ignoring right now. There’s a lot of complacency in the market...
A closely followed crypto analyst believes that one top memecoin could print big gains later this year. Pseudonymous crypto trader Altcoin Sherpa tells his 217,100 followers on the social media platform X that he is long-term bullish on Dogecoin (DOGE). “DOGE: many memes looking choppy in the short term, but I still think these look pretty good on high timeframe charts. Expecting more chop for...
Crypto asset manager Bitwise says that Ethereum (ETH) is an “unstoppable force” that is vastly improving the efficiency of the traditional financial system. According to Bitwise, which was handling over $2 billion in assets under management from its BITB Bitcoin (BTC) exchange-traded fund (ETF) alone as of March, Ethereum is superior to TradFi when it comes to wire transfers, international...
A popular on-chain analyst is providing a rationale for why memecoins have massively outperformed most altcoins this cycle. In a new interview with Bitcoin (BTC) bull Anthony Pompliano, Will Clemente says that traders are diving into memecoins because they believe that it’s the crypto sector that offers the highest upside potential. Clemente highlights that while other altcoins come with solid...
The president of a multibillion-dollar investment firm says that the digital assets market still has a long way to run. In a new interview with Bloomberg, 21Shares co-founder and president Ophelia Snyder says that the crypto markets are still in their infancy despite having an overall market cap of $2.6 trillion. “[Our] short-term outlook is that we’re still really early, which is something I...
Euro-pegged stablecoin use is increasing amid new European crypto regulations that phase in over time, according to digital asset analytics firm Kaiko. In a new report, Kaiko says that the European crypto market is facing big changes as the regulations impacting stablecoins in the 2023 Markets in Crypto Assets (MiCA) law go into effect later this month. Says Kaiko, “Impending regulation in...
New research by the top US-based crypto exchange Coinbase reveals that Fortune 500 companies are slowly opening up to blockchain. In a new report, Coinbase details how blockchain technology is drawing top blue-chip corporations. According to the crypto exchange, a survey of Fortune 500 executives found that over half of them are currently working on on-chain projects. “America’s top public...
A Solana (SOL)-based altcoin project with an artificial intelligence (AI) focus is soaring after gaining support from Binance, the world’s largest crypto exchange. In a new announcement, Binance says it’s listing decentralized AI computing network io.net (IO) for trading on its platform. “Binance is excited to announce that io.net (IO) has been added to Binance Simple Earn, ‘Buy Crypto’ and...
Global cryptocurrency exchange OKX is witnessing a massive outflow amid reports of a security breach, according to the decentralized finance (DeFi) data aggregator DefiLlama. Per DefiLlama approximately $204.67 million in crypto assets has exited OKX over the past 24 hours. Over the past seven days, OKX has recorded outflows amounting to $633.88 million. The world’s largest crypto exchange by...