Cardano Moves From ‘Ghost Chain’ to Industry Leader As NFT Volume Skyrockets Amid Bullish ADA Motion
Cardano’s NFT volumes rallied in contrast to the broader NFT downturn.The new spike in activity makes Cardano the third-largest NFT network behind Ethereum and Solana.The glowing figures are being overshadowed by a dwindling TVL that has left enthusiasts scratching their heads.Cardano has taken its place among the top three networks for Non-Fungible Tokens (NFTs) but falling total volume locked (TVL) volumes threaten to steal its shine.
According to data from StockWits, Cardano’s NFT trading volume is one of the biggest gainers in 2022 as it rises to be the third-largest digital collectibles protocol. Only Ethereum and Solana rank higher than Cardano in terms of trading volumes.
Cardano’s NFT volumes rallied in contrast to the broader NFT downturn.The new spike in activity makes Cardano the third-largest NFT network behind Ethereum and Solana.The glowing figures are being overshadowed by a dwindling TVL that has left enthusiasts scratching their heads.Cardano has taken its place among the top three networks for Non-Fungible Tokens (NFTs) but falling total volume locked (TVL) volumes threaten to steal its shine.
According to data from StockWits, Cardano’s NFT trading volume is one of the biggest gainers in 2022 as it rises to be the third-largest digital collectibles protocol. Only Ethereum and Solana rank higher than Cardano in terms of trading volumes.
Palantir Co-Founder Says There’s Clear Use Case for Crypto and Decentralization Despite Fall of Major Industry Players
The co-founder of the software giant Palantir Technologies thinks there are still clear use cases for crypto and decentralization despite the ongoing bear market.
Joe Lonsdale acknowledges in a new interview with Fox News that he does not believe crypto is over despite the fact most of the crypto space in the past 3-5 years was a “speculative bubble driven by cheap money” and Ponzi schemes.
The co-founder of the software giant Palantir Technologies thinks there are still clear use cases for crypto and decentralization despite the ongoing bear market.
Joe Lonsdale acknowledges in a new interview with Fox News that he does not believe crypto is over despite the fact most of the crypto space in the past 3-5 years was a “speculative bubble driven by cheap money” and Ponzi schemes.
EthereumMax Lawsuit Against Kim Kardashian, Floyd Mayweather and Others Thrown Out
A class action lawsuit that alleges numerous celebrities fraudulently promoted an Ethereum (ETH)-based decentralized finance (DeFi) altcoin to investors is being thrown out.
According to new court documents, a judge has tossed the lawsuit saying that the plaintiffs’ allegations are insufficient to state a claim for relief.
A class action lawsuit that alleges numerous celebrities fraudulently promoted an Ethereum (ETH)-based decentralized finance (DeFi) altcoin to investors is being thrown out.
According to new court documents, a judge has tossed the lawsuit saying that the plaintiffs’ allegations are insufficient to state a claim for relief.
HedgeUp (HDUP) and Quant (QNT) Forecast to Reign Supreme in 2023, Say Crypto Gurus
There is so much excitement in the crypto market for the new year. The crypto space has a lot to offer to those who awaits immense benefits. As the year begins, cryptocurrency investors search for smart coins with great potential to double and even triple their coffers.
Crypto gurus believe HedgeUp (HDUP) and Quant (QNT) are forecasted to dominate the crypto market in 2023. The market aims to be attractive and rewarding as HedgeUp (HDUP) is ready to skyrocket and boost portfolios. HedgeUp (HDUP) is unmatched regarding the diversification of investments available.
There is so much excitement in the crypto market for the new year. The crypto space has a lot to offer to those who awaits immense benefits. As the year begins, cryptocurrency investors search for smart coins with great potential to double and even triple their coffers.
Crypto gurus believe HedgeUp (HDUP) and Quant (QNT) are forecasted to dominate the crypto market in 2023. The market aims to be attractive and rewarding as HedgeUp (HDUP) is ready to skyrocket and boost portfolios. HedgeUp (HDUP) is unmatched regarding the diversification of investments available.
Bullish Cryptocurrency Predictions For Orbeon Protocol (ORBN), Ether (ETH)
Many are showing bullish sentiment towards cryptocurrencies, with Ethereum (ETH) and the Orbeon Protocol (ORBN) emerging as promising options. Orbeon Protocol (ORBN), in particular, has skyrocketed by 1815% from $0.004 to $0.0766, thanks to its innovative decentralized fundraising platform that allows retail investors to invest in startups that were previously only accessible to angel investors with significant funds. With Orbeon Protocol (ORBN) making it easier for new businesses to raise capital, it’s no surprise that investors are flocking to this exciting newcomer in the crypto space.
Many are showing bullish sentiment towards cryptocurrencies, with Ethereum (ETH) and the Orbeon Protocol (ORBN) emerging as promising options. Orbeon Protocol (ORBN), in particular, has skyrocketed by 1815% from $0.004 to $0.0766, thanks to its innovative decentralized fundraising platform that allows retail investors to invest in startups that were previously only accessible to angel investors with significant funds. With Orbeon Protocol (ORBN) making it easier for new businesses to raise capital, it’s no surprise that investors are flocking to this exciting newcomer in the crypto space.
Crypto Trader Maps Path Forward for Aptos and Chainlink, Predicts Altcoins Will Fly Once Bitcoin Cools Off
A popular crypto strategist is updating his outlook on Aptos (APT) and Chainlink (LINK) while forecasting the near-term price action for the broader altcoin market.
Pseudonymous analyst Altcoin Sherpa tells his 184,700 Twitter followers that layer-1 blockchain and Ethereum (ETH) competitor Aptos is likely going to see weeks of choppiness.
A popular crypto strategist is updating his outlook on Aptos (APT) and Chainlink (LINK) while forecasting the near-term price action for the broader altcoin market.
Pseudonymous analyst Altcoin Sherpa tells his 184,700 Twitter followers that layer-1 blockchain and Ethereum (ETH) competitor Aptos is likely going to see weeks of choppiness.
Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske
A venture capitalist who correctly called the 2022 crypto bottom says investors in Bitcoin (BTC), Ethereum (ETH) and the broader digital asset market are not batting an eye over the US government’s latest enforcement actions against key players in the industry.
In a new CNBC interview, Chris Burniske says the US government’s crackdown on crypto-related activities including the serving of Wells Notice to digital asset exchange Coinbase are not driving investors away from the crypto markets.
A venture capitalist who correctly called the 2022 crypto bottom says investors in Bitcoin (BTC), Ethereum (ETH) and the broader digital asset market are not batting an eye over the US government’s latest enforcement actions against key players in the industry.
In a new CNBC interview, Chris Burniske says the US government’s crackdown on crypto-related activities including the serving of Wells Notice to digital asset exchange Coinbase are not driving investors away from the crypto markets.
What’s Really Making Bitcoin Spike? Analysts Weigh In
What’s really behind the sudden rise of bitcoin? The world’s number one digital currency has had a very successful 2023 thus far, spiking by as much as $12,000 in the last three months, but while it’s easy to assume that the asset is on the rise strictly because of banking failures in America, some analysts believe the truth is more complicated than that.
Bitcoin Is Really Moving Up This YearNot long ago, bitcoin reached a new nine-month high of $28,000. While this wasn’t where the currency stood in November of 2021 (during that time, bitcoin hit a new all-time high of about $68,000 per unit), things are starting to look up for the currency, especially when one considers how bad 2022 really was.
During that year, the crypto space lost more than $2 trillion in valuation. This was due, in part, to major assets such as BTC losing as much as 70 percent of their overall values, and many investors wound up on the losing side of the spectrum.
What’s really behind the sudden rise of bitcoin? The world’s number one digital currency has had a very successful 2023 thus far, spiking by as much as $12,000 in the last three months, but while it’s easy to assume that the asset is on the rise strictly because of banking failures in America, some analysts believe the truth is more complicated than that.
Bitcoin Is Really Moving Up This YearNot long ago, bitcoin reached a new nine-month high of $28,000. While this wasn’t where the currency stood in November of 2021 (during that time, bitcoin hit a new all-time high of about $68,000 per unit), things are starting to look up for the currency, especially when one considers how bad 2022 really was.
During that year, the crypto space lost more than $2 trillion in valuation. This was due, in part, to major assets such as BTC losing as much as 70 percent of their overall values, and many investors wound up on the losing side of the spectrum.
QWAN Launches Universal Gaming Token for Web3
The QWAN Foundation is launching its QWAN token on May 31, with the decentralized asset poised to list on multiple exchanges. The debut of the token is merely the first milestone in an ambitious roadmap. QWAN has aspirations of becoming a universal gaming token for web3 – and it’s already got some major players aligned with this vision.
The Case for Web3 GamingTo understand the need for a token such as QWAN, it is necessary to consider the differences between conventional and blockchain gaming.
With traditional gaming, game assets, currencies, and progress are stored on servers controlled by game developers. This limits players’ control over their in-game assets and the overall gaming experience. However, with web3 gaming, blockchain technology enables the creation of decentralized applications that provide a more immersive and player-centric experience.
The QWAN Foundation is launching its QWAN token on May 31, with the decentralized asset poised to list on multiple exchanges. The debut of the token is merely the first milestone in an ambitious roadmap. QWAN has aspirations of becoming a universal gaming token for web3 – and it’s already got some major players aligned with this vision.
The Case for Web3 GamingTo understand the need for a token such as QWAN, it is necessary to consider the differences between conventional and blockchain gaming.
With traditional gaming, game assets, currencies, and progress are stored on servers controlled by game developers. This limits players’ control over their in-game assets and the overall gaming experience. However, with web3 gaming, blockchain technology enables the creation of decentralized applications that provide a more immersive and player-centric experience.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
“Plan For MiCA Now”- Chainalysis Counsels Digital Asset Firms Ahead Of 2024 Implementation
Chainalysis EU policy head tells cryptocurrency firms to prepare for MiCA’s implementation to avoid regulatory setbacks. Ripple lauds landmark crypto regulation as it plans its expansion in Europe and Asia amid US ambiguous policies.EU leads the way: Crypto executives urge the United States to follow the steps of Europe and stop “bottleneck regulation.”The Markets in Crypto Assets (MiCA) regulation has been passed by the European Union Parliament, but it will swing into effect in two phases next year.
Janet Ho, Chainalysis head of policy in Europe, has tasked digital asset companies to put their houses in order as they anticipate the implementation of MiCA. The regulation, which changes the entire scope and model of cryptocurrency regulation, will not be enforced until June 2024 for stablecoins and Dec 2024 for exchanges.
Chainalysis EU policy head tells cryptocurrency firms to prepare for MiCA’s implementation to avoid regulatory setbacks. Ripple lauds landmark crypto regulation as it plans its expansion in Europe and Asia amid US ambiguous policies.EU leads the way: Crypto executives urge the United States to follow the steps of Europe and stop “bottleneck regulation.”The Markets in Crypto Assets (MiCA) regulation has been passed by the European Union Parliament, but it will swing into effect in two phases next year.
Janet Ho, Chainalysis head of policy in Europe, has tasked digital asset companies to put their houses in order as they anticipate the implementation of MiCA. The regulation, which changes the entire scope and model of cryptocurrency regulation, will not be enforced until June 2024 for stablecoins and Dec 2024 for exchanges.
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U.S SEC Is Reportedly Ready To Consider Ethereum Futures ETF Applications
The United States Securities and Exchange Commission (SEC) seems to have softened its stance on exchange-traded funds focusing on Ethereum futures contracts. The securities regulator is reportedly inclined to consider the Ether Futures ETFs following several applications by TradFi and crypto players over the past week.
Consideration of Ethereum Futures ETF Won’t Guarantee ApprovalWhen Grayscale Investments filed an application with the SEC to offer the Grayscale Ethereum Futures ETF back in May, fellow funds including Bitwise, Roundhill Investments, and Valkyrie followed suit with their own ETH futures-based ETFs. However, the SEC reportedly asked the funds to stop pursuing ETH futures ETFs and withdraw their applications.
On July 28, Volatility Shares submitted an application for its Ether Strategy ETF. The application was followed by similar filings from VanEck, ProShares, Grayscale, Bitwise, and Roundhill. The funds submitted applications to offer their own versions of Ethereum Futures ETFs.
The United States Securities and Exchange Commission (SEC) seems to have softened its stance on exchange-traded funds focusing on Ethereum futures contracts. The securities regulator is reportedly inclined to consider the Ether Futures ETFs following several applications by TradFi and crypto players over the past week.
Consideration of Ethereum Futures ETF Won’t Guarantee ApprovalWhen Grayscale Investments filed an application with the SEC to offer the Grayscale Ethereum Futures ETF back in May, fellow funds including Bitwise, Roundhill Investments, and Valkyrie followed suit with their own ETH futures-based ETFs. However, the SEC reportedly asked the funds to stop pursuing ETH futures ETFs and withdraw their applications.
On July 28, Volatility Shares submitted an application for its Ether Strategy ETF. The application was followed by similar filings from VanEck, ProShares, Grayscale, Bitwise, and Roundhill. The funds submitted applications to offer their own versions of Ethereum Futures ETFs.
Payments Giant Western Union Collaborates With $75,000,000,000 Bank on a US CBDC Pilot Study
Payments giant Western Union is collaborating with a $75 billion bank to study the effects of a US central bank digital currency (CBDC).
According to a new press release, Western Union and Philippines-based BDO Unibank are working together to explore how the implementation of a US CBDC, or a digital asset issued and backed by the Federal Reserve, would impact overseas remittances.
Payments giant Western Union is collaborating with a $75 billion bank to study the effects of a US central bank digital currency (CBDC).
According to a new press release, Western Union and Philippines-based BDO Unibank are working together to explore how the implementation of a US CBDC, or a digital asset issued and backed by the Federal Reserve, would impact overseas remittances.
Crypto Adherents Eye Watchvestor Ahead of Rally as Monero and Toncoin Stalls
After attempting a brief comeback, both Monero (XMR) and Toncoin (TON) have seen their prices stall. As a result, many are exploring alternative opportunities. Among these opportunities, Watchvestor (WTVR) has garnered attention as crypto adherents seek to position themselves ahead of an anticipated crypto rally.
Monero (XMR) Price Stalls After Monero Drops To Key Support Level Monero (XMR), recognized for its privacy features, has long held a prominent position in cryptocurrency. However, following the recent crypto market drop, the price of Monero has left holders uncertain.
On a downtrend in the last seven weeks, the recent market decline resulted in steeper losses for the XMR price. The price drop saw the Monero price revisit the $140 support level. However, the price of the token has rebounded off this level.
After attempting a brief comeback, both Monero (XMR) and Toncoin (TON) have seen their prices stall. As a result, many are exploring alternative opportunities. Among these opportunities, Watchvestor (WTVR) has garnered attention as crypto adherents seek to position themselves ahead of an anticipated crypto rally.
Monero (XMR) Price Stalls After Monero Drops To Key Support Level Monero (XMR), recognized for its privacy features, has long held a prominent position in cryptocurrency. However, following the recent crypto market drop, the price of Monero has left holders uncertain.
On a downtrend in the last seven weeks, the recent market decline resulted in steeper losses for the XMR price. The price drop saw the Monero price revisit the $140 support level. However, the price of the token has rebounded off this level.
Solana (SOL) Price Analysis: More Gains Possible Above $25
Solana price is trading in a positive zone above $23.50 against the US Dollar, like bitcoin. SOL could start a strong increase if it clears the $25 resistance.
Solana (SOL) Price AnalysisSOL price remained in a bullish zone above the $20.50 and $21 support levels. The bulls were active near the $21.00 zone. A base was formed, and the price started a decent increase above the $22.00 level.
There was a steady increase above the $23.50 level and the 55 simple moving average (4 hours). The pair even climbed above the $24.00 level. There was a break above a major bearish trend line with resistance near $23.20 on the 4-hour chart of the SOL/USD pair.
Solana price is trading in a positive zone above $23.50 against the US Dollar, like bitcoin. SOL could start a strong increase if it clears the $25 resistance.
Solana (SOL) Price AnalysisSOL price remained in a bullish zone above the $20.50 and $21 support levels. The bulls were active near the $21.00 zone. A base was formed, and the price started a decent increase above the $22.00 level.
There was a steady increase above the $23.50 level and the 55 simple moving average (4 hours). The pair even climbed above the $24.00 level. There was a break above a major bearish trend line with resistance near $23.20 on the 4-hour chart of the SOL/USD pair.
Crypto Assets Will Massively Outperform Tech as Key Catalyst Starts To Kick In: Macro Guru Raoul Pal
Former Goldman Sachs executive Raoul Pal says that digital assets are set to outrun tech stocks as an important catalyst begins to appear.
The Real Vision CEO tells his one million followers on the social media platform X that dollar liquidity is ultimately what drives risk assets like stocks and crypto.
He shares a chart showing that the Nasdaq index has been moving in near lockstep with liquidity for more than a decade, and is still in a strong, intact uptrend.
Former Goldman Sachs executive Raoul Pal says that digital assets are set to outrun tech stocks as an important catalyst begins to appear.
The Real Vision CEO tells his one million followers on the social media platform X that dollar liquidity is ultimately what drives risk assets like stocks and crypto.
He shares a chart showing that the Nasdaq index has been moving in near lockstep with liquidity for more than a decade, and is still in a strong, intact uptrend.
Crypto Analyst Breaks Down ‘Massive’ Altcoin Liquidations, Updates Outlook on Bitcoin (BTC)
A widely followed crypto analyst is diving into the crypto markets as Bitcoin (BTC) plateaus and altcoins see “massive liquidations.”
Crypto trader Michaël van de Poppe tells his 680,800 followers on the social media platform X that altcoins underwent their biggest day of liquidations yesterday in the past two years.
A widely followed crypto analyst is diving into the crypto markets as Bitcoin (BTC) plateaus and altcoins see “massive liquidations.”
Crypto trader Michaël van de Poppe tells his 680,800 followers on the social media platform X that altcoins underwent their biggest day of liquidations yesterday in the past two years.