Crypto News

Notcoin (NOT) drops by over 15% drop in price

June 17, 2024 1 min read

Since the conclusion of the most recent airdrop claim period on Sunday, the crypto known as Notcoin (NOT) has experienced a huge decrease of 18.3%, falling from $0.02071 to $0.0175. As of the time this article was written, the price of Notcoin is $0.01804, and its total market capitalization is $1.85 billion. The trade volume of Notcoin has decreased by more than twenty percent during the course of the past

BONK meme coin drops 40%, hitting monthly low as investor sentiment turns bearish

June 17, 2024 1 min read

A lack of faith in the future of BONK, a meme coin, has been indicated by the fact that its price has dropped by over 40% this month. The change in emotion is reflected in the financing rate, which reveals an increase in short positions, which gives the impression that negative expectations are present. Contrarian investors believe that this negativity presents an opportunity, as they believe that increased fear and

Ripple Labs fights a $2B US SEC fine, arguing for a reduced penalty by citing the Terraform case

June 17, 2024 1 min read

Ripple Labs Inc. is now engaged in a legal dispute with the US SEC over a proposed fine of $2 billion. The company is contending that the appropriate penalty should be lower, about $10 million. The company cites Terraform Labs’ $4.5 billion settlement as a point of reference, contending that the SEC’s penalty encompassed a substantial monetary fine and a prohibition on co-founder Kwon Do-hyung from assuming certain corporate positions.

Solana Whales Move Over $500 Million Worth Of SOL In Several Transactions

June 17, 2024 2 mins read

In the past 24 hours, there have been six significant transactions by Solana (SOL) whales, even though the crypto market is pessimistic and the price of Solana has decreased. The initial transaction encompassed the transfer of more than 1.5 million SOL tokens, equivalent to $216 million, to an unidentified wallet. This was succeeded by the transfer of 1.13 million SOL tokens, amounting to $163 million, to four distinct wallets. The

Binance Exchange Announces New ZK Token Distribution to Soothe Community Concerns

June 17, 2024 1 min read

Binance exchange has initiated a novel ZKSync token distribution program in response to community complaints. The initiative is scheduled to operate from June 17, 2024, until July 16, 2024. The exchange aims to issue a total of 10.5 million ZK tokens, potentially benefiting a maximum of 52,500 individuals. In order to qualify, individuals must have successfully conducted a minimum of 50 transactions on the ZKSync Era network within the period

Polkadot (DOT) faces a bearish outlook

June 17, 2024 1 min read

Polkadot (DOT), a blockchain interoperability token, is facing a bearish outlook due to technical indicators and a downtrend. The token has dipped below the Ichimoku Cloud, signaling a clear downtrend, and both the conversion line and baseline of the Ichimoku indicator loom above the current price. Over the past two weeks, Polkadot has slipped to as low as $6.16, causing unease among investors. However, a potential saving grace may be

South Korea to review 600 crypto on local exchanges starting July 19

June 17, 2024 2 mins read

Commencing on July 19, South Korea’s financial regulators will undertake a comprehensive examination of over 600 crypto traded on domestic exchanges. This initiative is in accordance with the newly implemented laws outlined in the Virtual Asset User Protection Act. The objective is to guarantee that all crypto listed adhere to rigorous criteria, thereby replacing the existing practice where exchanges independently evaluate and list cryptocurrencies. The South Korean government has established

XRP whales buy over 27 million XRP from crypto exchange Binance

June 16, 2024 1 min read

An affluent XRP investor has acquired a substantial amount of 27.74 million XRP from Binance, suggesting a possible increase in price. The whale’s extensive resources and long-term market perspective are the reasons behind this assertive purchasing behavior, which is commonly interpreted as a bullish indication. According to a recent technical study, XRP is expected to have a 20% price surge by July 15th, which offers optimism to investors aiming to

The SEC refutes Ripple’s comparison to Terraform Labs in court, insisting on a $2 billion fine

June 16, 2024 1 min read

The US Securities and Exchange Commission (SEC) has denied Ripple’s effort to utilize the Terraform Labs settlement as a means to challenge a proposed $2 billion penalty. The regulator considered the comparison to be invalid because there were substantial disparities between the cases. Ripple contended that the SEC’s request for a $2 billion fine is excessive. They pointed out that Terraform Labs, despite having $33 billion in sales and being

The Shiba Inu team announces the upcoming launch of the SHIB Eternity blockchain game and TREAT tokens

June 16, 2024 1 min read

The Shiba Inu breed is making preparations for the debut of SHIB Eternity, a blockchain-based collectible card game that can be played for free on mobile devices. The game has distinctive Shiboshis, which are an in-game money that players gain by winning matches. The implementation of SHIB Eternity on the blockchain has the ability to enhance the number of transactions within the Shiba Inu ecosystem, which could result in substantial

Fidelity’s Director explains why Bitcoin adoption has slowed

June 15, 2024 2 mins read

Jurrien Timmer, the Director of Global Macro at Fidelity Investments, has provided an explanation for the deceleration in the adoption of Bitcoin. Timmer asserts that the price of Bitcoin is intricately linked to the expansion of its network, which is impacted by factors such as scarcity, monetary policy, and market sentiment. Although the prices of Bitcoin have been increasing, the growth of its network has been slower, resulting in a

Will Toncoin (TON) Hit $10? This Analyst says ‘Yes’

June 14, 2024 1 min read

A potential 40% breakout for Toncoin (TON) has been discovered by crypto analyst Ali Martinez, with a target price of $11. The study, derived from thorough examination of charts released on X, presents a strong argument for the anticipated price movement of TON. This argument is supported by traditional chart patterns and Fibonacci retracement levels. The initial graph illustrates a traditional ascending triangle pattern, which is considered a positive indication,