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Cardano (ADA) has witnessed a remarkable rally over the past two weeks, climbing to an eight-month high. With the price hovering near $0.80, the altcoin has captured the attention of investors.
However, mixed signals suggest an uncertain path forward, with both bullish and bearish possibilities on the horizon.
Cardano Could Note a Reversal
The MVRV Ratio for Cardano indicates the...
Blockchain Lures (BCL) is an innovative Japanese project that Proposes new bass fishing culture...
KuCoin, a global crypto exchange, highlighted its commitment to advancing the future of crypto and blockchain at the Blockchain Life 2024 event in Dubai. As the event’s Stage and Gold Sponsor, KuCoin’s Managing Director Alicia Kao delivered the keynote presentation.
Alicia underscored KuCoin’s dedication to bridging the knowledge gap in the crypto space and empowering users to navigate the...
The Bitcoin reserve campaign in the US continues to gain momentum, with more players showing support by the day. With endorsements at state and national levels, prospects continue to grow for the US stockpile of Bitcoin (BTC) to reach 1 million coins eventually.
Nevertheless, skeptics also exist, with some pushing that a Bitcoin reserve would be detrimental to the United States.
VanEck...
The Central Bank of Brazil is partnering with Chainlink, Microsoft, and others to develop DREX, a new CBDC. DREX will specialize in cross-border trade rather than everyday use, incorporating artificial intelligence (AI) oracle technology.
Brazil has made several crypto advancements this year, like the world’s first spot Solana ETF.
Brazil’s New DREX CBDC
According to a recent press...
The OCC approved options trading for the Bitcoin ETF, and this new market is surging. In one day, BlackRock’s IBIT ETF saw over $425 million in options trades.
Traders have been overwhelmingly bullish in their predictions, with over $6 million in bets that Bitcoin’s value will double in one month.
BlackRock’s Bitcoin ETF Options
Since the OCC approved options trading for the Bitcoin ETF...
DWF Labs, a Dubai-based Web3 investor and market maker, has launched a $20 million fund to support meme coin projects.
The fund aims to back creative, community-driven crypto projects promoting inclusivity and interoperability.
DWF Labs’ Impact on the Meme Coin Market
The DWF Labs fund provides financial resources and strategic support to meme coins that demonstrate strong community...
Securitize announced a partnership with Elixir, offering new tokens that allow RWA holders to access DeFi liquidity while protecting asset yields. This program is specifically catered towards institutional investors and includes functionality for BlackRock BUIDL.
Elixir and Securitize hope to “bridge the cap of liquidity between institutions and DeFi,” but this might prove a crowded market...
Russian authorities plan to prohibit crypto mining in occupied Ukrainian territories, marking a new regulatory step as the conflict surpasses 1,000 days.
Russian’s Deputy Prime Minister Alexander Novak convened a meeting with senior officials to address the country’s strained electricity supply during the peak autumn and winter seasons. The focus included the energy challenges driven by crypto...
Bitcoin (BTC) has declined from its $93,495 peak, now trading at $92,428 as profit-taking accelerates.
Market sentiment, marked by “extreme greed,” signals a possible price reversal as traders increasingly lock in gains.
Bitcoin’s Rally Prompts Its Long-Term Holders To Sell
BeInCrypto’s assessment of BTC’s on-chain performance has shown a spike in coin distribution by its long-term...