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.
Layer Three Blockchain Orbs Announces Version Four Upgrade To Meet Growing Industry Adoption
February 6, 2024 – Tel Aviv, Israel
Trailblazing blockchain infrastructure project Orbs has announced the development of the next major iteration of its network protocol, Orbs version four.Described as a substantial upgrade, version four is designed to enhance the efficiency and robustness of Orbs’ layer three technology, preparing the network for an expected surge in already-growing demand and usage in 2024.
As decentralized applications increasingly integrate Orbs’ products, the need for a more advanced network has become apparent.
February 6, 2024 – Tel Aviv, Israel
Trailblazing blockchain infrastructure project Orbs has announced the development of the next major iteration of its network protocol, Orbs version four.Described as a substantial upgrade, version four is designed to enhance the efficiency and robustness of Orbs’ layer three technology, preparing the network for an expected surge in already-growing demand and usage in 2024.
As decentralized applications increasingly integrate Orbs’ products, the need for a more advanced network has become apparent.
Former Binance CEO Changpeng Zhao Forced To Surrender Passport to US Authorities Before Pretrial
A U.S. district court judge ordered former Binance CEO Changpeng Zhao to hand over his passports and travel documents as he awaits his sentencing in April.
In November, Zhao pleaded guilty to violating anti-money laundering laws and stepped down from his role as chief executive of the world’s largest crypto exchange.
A U.S. district court judge ordered former Binance CEO Changpeng Zhao to hand over his passports and travel documents as he awaits his sentencing in April.
In November, Zhao pleaded guilty to violating anti-money laundering laws and stepped down from his role as chief executive of the world’s largest crypto exchange.
Kadena Expands Leadership Team With Annelise Osborne as New Chief Business Officer
Kadena recently welcomed Annelise Osborne as its new Chief Business Officer (CBO), further strengthening its leadership team. With her expertise and experience, Osborne is set to contribute significantly to Kadena’s growth and success. Annelise brings over 20 years of experience in finance, credit, real estate, and digital assets. Her role will involve spearheading new business initiatives and forging partnerships in the Web3 space and beyond.
Kadena recently welcomed Annelise Osborne as its new Chief Business Officer (CBO), further strengthening its leadership team. With her expertise and experience, Osborne is set to contribute significantly to Kadena’s growth and success. Annelise brings over 20 years of experience in finance, credit, real estate, and digital assets. Her role will involve spearheading new business initiatives and forging partnerships in the Web3 space and beyond.
BloFin Sponsors TOKEN2049 Dubai and Celebrates the Side Event, WhalesNight Afterparty 2024
April 26, 2024 – Majuro, Republic of the Marshall Islands
BloFin, the fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive side event, WhalesNight Afterparty 2024.A glittering moment – BloFin shines at TOKEN2049 Following our previous role as the gold sponsor at TOKEN2049 Singapore, the BloFin team – now the platinum sponsor of TOKEN2049 – continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.
April 26, 2024 – Majuro, Republic of the Marshall Islands
BloFin, the fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive side event, WhalesNight Afterparty 2024.A glittering moment – BloFin shines at TOKEN2049 Following our previous role as the gold sponsor at TOKEN2049 Singapore, the BloFin team – now the platinum sponsor of TOKEN2049 – continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.
SEC Chair Gary Gensler Suggests ETH ETF Approval Depends on Issuers
In a surprising turn of events on May 21, the SEC requested exchanges like NASDAQ, NYSE, and CBOE to fine-tune their application filings for ETH ETFs. Now, Gary Gensler’s comments state that final approvals may be very close.
With BTC ETFs approved a little over five months earlier, the crypto industry rejoiced when the SEC asked for ETH ETF filings and approved it on May 23. This first step in greenlighting the ETFs required exchanges to submit their 19b-4 filings to the agency.
In a surprising turn of events on May 21, the SEC requested exchanges like NASDAQ, NYSE, and CBOE to fine-tune their application filings for ETH ETFs. Now, Gary Gensler’s comments state that final approvals may be very close.
With BTC ETFs approved a little over five months earlier, the crypto industry rejoiced when the SEC asked for ETH ETF filings and approved it on May 23. This first step in greenlighting the ETFs required exchanges to submit their 19b-4 filings to the agency.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
