Solana Whales Move Over $500M Worth Of SOL In many Transactions

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

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

Binance Exchange Announces New ZK Token Distribution to Soothe Community Concerns

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) is facing a bearish outlook due to downtrend

Polkadot (DOT) faces a bearish outlook

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 in July 19

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

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

XRP whales buy over 27 million XRP from crypto exchange Binance

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

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

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

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

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

Fidelity’s Director explains why Bitcoin adoption has slowed

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'

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

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,

This crypto analyst says DOGE is under pressure and going to zero

This crypto analyst says Dogecoin (DOGE) is under pressure and ‘going to zero’

1 min read

Dogecoin (DOGE) is encountering a difficult future as a result of a substantial $16 million divestment by a prominent holder, presumably a “whale” investment. The crypto expert Mags has identified several stages in the historical price fluctuations of DOGE, and Phase 3 indicates a possible sharp decline to zero. The meme currency is now experiencing a downward trend and is expected to lose all its value due to its cyclical

Cardano founder Denies Rumors Of A Partnership With Musk

Cardano founder Denies Rumors Of A Partnership With Musk

1 min read

During a recent episode of the Thinking Crypto podcast, Charles Hoskinson, the founder of Cardano, refuted speculations of a prospective collaboration with Elon Musk. Hoskinson outlined many initiatives undertaken to engage with Musk’s enterprises, specifically X (formerly known as Twitter), in which they presented remedies to address the problem of bots. Nevertheless, Hoskinson verified that Musk has not engaged in any personal discussions regarding Cardano or any future collaboration. The

Vitalik says meme coins have practical uses beyond speculation

Ethereum co-founder Vitalik Buterin says meme coins have practical uses beyond speculation

1 min read

Ethereum co-founder Vitalik Buterin has defended meme coins, citing seven practical uses that could integrate them into everyday life. Despite skepticism from the crypto community, Buterin believes meme coins can make positive contributions beyond entertainment and speculation. Critics argue that meme coins lack substantial impact on daily life and should not dominate the crypto conversation. Matthew Gould, founder of Unstoppable Domains, compared meme coins to initial coin offerings (ICOs), highlighting

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