Why Can’t XRP’s Price Break Out as ETF Inflows Surge?
• Ripple's XRP token remains stagnant despite recent positive developments and partnerships, with analysts predicting a potential breakout.
• The broader cryptocurrency market has seen significant gains, with BTC reaching a three-month peak, while XRP only managed a modest 2% increase in April.
• Despite bullish predictions for XRP, the token struggled to maintain momentum, failing to break past the $1.45 resistance level and currently trading around $1.41.
https://cryptopotato.com/why-cant-xrps-price-break-out-as-etf-inflows-surge/
• Ripple's XRP token remains stagnant despite recent positive developments and partnerships, with analysts predicting a potential breakout.
• The broader cryptocurrency market has seen significant gains, with BTC reaching a three-month peak, while XRP only managed a modest 2% increase in April.
• Despite bullish predictions for XRP, the token struggled to maintain momentum, failing to break past the $1.45 resistance level and currently trading around $1.41.
https://cryptopotato.com/why-cant-xrps-price-break-out-as-etf-inflows-surge/
CryptoPotato
Why Can't XRP's Price Break Out as ETF Inflows Surge?
Analysts expect XRP to break out of its multi-month range, but the asset just refuses to do so.
Viral Layer-3 Altcoin Rockets 300% After Major Upbit Listing
• Upbit, South Korea's largest cryptocurrency exchange, will list the Base (B3) trading pair against the Korean won starting May 7, 2026.
• Following the announcement, B3's price surged over 300%, rising from $0.0005 to $0.0022 before stabilizing at $0.0016, marking a 280% increase within 24 hours.
• Upbit listings have historically resulted in significant price increases for various cryptocurrencies, with past examples showing immediate surges for both large and small altcoins.
https://cryptopotato.com/viral-layer-3-altcoin-rockets-300-after-major-upbit-listing/
• Upbit, South Korea's largest cryptocurrency exchange, will list the Base (B3) trading pair against the Korean won starting May 7, 2026.
• Following the announcement, B3's price surged over 300%, rising from $0.0005 to $0.0022 before stabilizing at $0.0016, marking a 280% increase within 24 hours.
• Upbit listings have historically resulted in significant price increases for various cryptocurrencies, with past examples showing immediate surges for both large and small altcoins.
https://cryptopotato.com/viral-layer-3-altcoin-rockets-300-after-major-upbit-listing/
CryptoPotato
Viral Layer-3 Altcoin Rockets 300% After Major Upbit Listing
The lesser-known altcoin just posted a mind-blowing rally of over 300% at one point.
Pi Network at Consensus 2026: What Pioneers Need to Know About Dr. Fan’s Speech
• Dr. Chengdiao Fan, co-founder of Pi Network, spoke at Consensus 2026 about aligning Web3, AI, and blockchain, emphasizing the importance of utility-driven products.
• She highlighted the challenge of misalignment between token design and innovation in the crypto industry, advocating for tokens as tools for growth and user engagement.
• Another co-founder, Nicolas Kokkalis, is set to participate in a panel discussion on proving human identity in an AI-driven world on the conference's final day.
https://cryptopotato.com/pi-network-at-consensus-2026-what-pioneers-need-to-know-about-dr-fans-speech/
• Dr. Chengdiao Fan, co-founder of Pi Network, spoke at Consensus 2026 about aligning Web3, AI, and blockchain, emphasizing the importance of utility-driven products.
• She highlighted the challenge of misalignment between token design and innovation in the crypto industry, advocating for tokens as tools for growth and user engagement.
• Another co-founder, Nicolas Kokkalis, is set to participate in a panel discussion on proving human identity in an AI-driven world on the conference's final day.
https://cryptopotato.com/pi-network-at-consensus-2026-what-pioneers-need-to-know-about-dr-fans-speech/
CryptoPotato
Pi Network at Consensus 2026: What Pioneers Need to Know About Dr. Fan's Speech
Here's what happened during the first Pi Network team appearance at the Miami conference.
TON’s Weekly Gains Reach Triple Digits as BTC Rebounds From $81K: Market Watch
• Bitcoin's price peaked at nearly $83,000 following the FOMC meeting but faced a correction, currently stabilizing above $81,500 with a market cap of $1.635 trillion.
• Most larger-cap altcoins experienced declines of 3-4%, except for BNB, SOL, and ADA, which saw modest increases.
• Toncoin surged by 30% in 24 hours after Telegram's announcement, contributing to its weekly gains exceeding 120%.
https://cryptopotato.com/tons-weekly-gains-reach-triple-digits-as-btc-rebounds-from-81k-market-watch/
• Bitcoin's price peaked at nearly $83,000 following the FOMC meeting but faced a correction, currently stabilizing above $81,500 with a market cap of $1.635 trillion.
• Most larger-cap altcoins experienced declines of 3-4%, except for BNB, SOL, and ADA, which saw modest increases.
• Toncoin surged by 30% in 24 hours after Telegram's announcement, contributing to its weekly gains exceeding 120%.
https://cryptopotato.com/tons-weekly-gains-reach-triple-digits-as-btc-rebounds-from-81k-market-watch/
CryptoPotato
TON's Weekly Gains Reach Triple Digits as BTC Rebounds From $81K: Market Watch
VIRTUAL, NEAR, and VVV follow suit in terms of daily gains today.
OpenPayd’s CCO on the Future of Payments, Stablecoins and Unified Financial Infrastructure
• The convergence of traditional banking and fintech is driving demand for faster, transparent financial services, necessitating a unified infrastructure for global businesses.
• A trading background emphasizes the importance of efficiency, speed, and liquidity in payments, highlighting the need for modern systems to eliminate delays and opaque processes.
• The future of financial services lies in integrating the reliability of traditional finance with the agility of fintech, creating a cohesive system that connects payments, FX, and digital assets.
https://cryptopotato.com/openpayds-cco-on-the-future-of-payments-stablecoins-and-unified-financial-infrastructure/
• The convergence of traditional banking and fintech is driving demand for faster, transparent financial services, necessitating a unified infrastructure for global businesses.
• A trading background emphasizes the importance of efficiency, speed, and liquidity in payments, highlighting the need for modern systems to eliminate delays and opaque processes.
• The future of financial services lies in integrating the reliability of traditional finance with the agility of fintech, creating a cohesive system that connects payments, FX, and digital assets.
https://cryptopotato.com/openpayds-cco-on-the-future-of-payments-stablecoins-and-unified-financial-infrastructure/
CryptoPotato
OpenPayd’s CCO on the Future of Payments, Stablecoins and Unified Financial Infrastructure
OpenPayd's CCO discusses how payments, FX, and digital assets are converging and why unified infrastructure is becoming essential for growth.
The FOMO Is Back: Why Bitcoin’s Latest Rally Has Analysts Flashing Warning Signs
• Bitcoin's social sentiment has reached its most bullish level in four months, with a Positive/Negative Sentiment metric of 1.37, reflecting a shift from fear to optimism as the price surpassed $80,000.
• Despite the recent rally, analysts caution that the market may be at risk of local tops and increased volatility as traders enter positions late, driven by fear of missing out (FOMO).
• Analysts suggest that Bitcoin needs to break and hold above $89,000 to confirm a durable bottom, with concerns about trapped buyers in higher price zones between $89,000 and $112,000.
https://cryptopotato.com/the-fomo-is-back-why-bitcoins-latest-rally-has-analysts-flashing-warning-signs/
• Bitcoin's social sentiment has reached its most bullish level in four months, with a Positive/Negative Sentiment metric of 1.37, reflecting a shift from fear to optimism as the price surpassed $80,000.
• Despite the recent rally, analysts caution that the market may be at risk of local tops and increased volatility as traders enter positions late, driven by fear of missing out (FOMO).
• Analysts suggest that Bitcoin needs to break and hold above $89,000 to confirm a durable bottom, with concerns about trapped buyers in higher price zones between $89,000 and $112,000.
https://cryptopotato.com/the-fomo-is-back-why-bitcoins-latest-rally-has-analysts-flashing-warning-signs/
CryptoPotato
The FOMO Is Back: Why Bitcoin’s Latest Rally Has Analysts Flashing Warning Signs
As FOMO replaces fear, traders tend to enter late into rallies, increasing the probability of local tops and sudden volatility.
Major Ripple (XRP) Metric Just Hit a Level Not Seen Since 2021
• Ripple (XRP) has seen a minor increase, with a 7% monthly surge, but faces resistance at the $1.45 level.
• Whale inflows to Binance have dropped significantly, indicating reduced selling pressure from major investors, which could stabilize XRP's price.
• Institutional demand for XRP ETFs is rising, with significant inflows in April and May, while Ripple expands its global presence through partnerships and new offices.
https://cryptopotato.com/major-ripple-xrp-metric-just-hit-a-level-not-seen-since-2021/
• Ripple (XRP) has seen a minor increase, with a 7% monthly surge, but faces resistance at the $1.45 level.
• Whale inflows to Binance have dropped significantly, indicating reduced selling pressure from major investors, which could stabilize XRP's price.
• Institutional demand for XRP ETFs is rising, with significant inflows in April and May, while Ripple expands its global presence through partnerships and new offices.
https://cryptopotato.com/major-ripple-xrp-metric-just-hit-a-level-not-seen-since-2021/
CryptoPotato
Major Ripple (XRP) Metric Just Hit a Level Not Seen Since 2021
Binance XRP whale inflows reached their weakest level in over three years as investors remain in a state of caution and anticipation.
Ripple (XRP) Price Predictions for This Week
• XRP is consolidating in a large pennant formation and is poised to challenge the $1.6 resistance level, having previously faced rejections at this price.
• Key support is holding at $1.4, but a significant increase in trading volume is needed for a successful breakout above $1.6.
• The weekly MACD remains bullish, indicating potential upward momentum, with $2 as a key psychological target if the resistance is overcome.
https://cryptopotato.com/ripple-xrp-price-predictions-for-this-week-37/
• XRP is consolidating in a large pennant formation and is poised to challenge the $1.6 resistance level, having previously faced rejections at this price.
• Key support is holding at $1.4, but a significant increase in trading volume is needed for a successful breakout above $1.6.
• The weekly MACD remains bullish, indicating potential upward momentum, with $2 as a key psychological target if the resistance is overcome.
https://cryptopotato.com/ripple-xrp-price-predictions-for-this-week-37/
CryptoPotato
Ripple (XRP) Price Predictions for This Week
XRP is consolidating in a large pennant and may soon challenge the $1.6 resistance. Ripple (XRP) Price Predictions: Analysis Key support levels: $1.4 Key
John Bollinger’s Model for Bitcoin (BTC) Turns Positive: Price Explosion Incoming?
• Bitcoin has experienced a 6% price increase recently, reaching $83,000 before settling at $81,000, with analysts divided on future price movements.
• John Bollinger's fund has fully invested in Bitcoin, citing a positive trend model, while other analysts suggest a potential breakout above $86,000.
• Despite optimism, some warn of a possible major pullback, with high social sentiment and leveraged positions indicating a potential bull trap.
https://cryptopotato.com/john-bollingers-model-for-bitcoin-btc-turns-positive-price-explosion-incoming/
• Bitcoin has experienced a 6% price increase recently, reaching $83,000 before settling at $81,000, with analysts divided on future price movements.
• John Bollinger's fund has fully invested in Bitcoin, citing a positive trend model, while other analysts suggest a potential breakout above $86,000.
• Despite optimism, some warn of a possible major pullback, with high social sentiment and leveraged positions indicating a potential bull trap.
https://cryptopotato.com/john-bollingers-model-for-bitcoin-btc-turns-positive-price-explosion-incoming/
CryptoPotato
John Bollinger's Model for Bitcoin (BTC) Turns Positive: Price Explosion Incoming?
"The downtrend has ended, and a new uptrend is ongoing," one analyst suggested.
Pi Network (PI) Price Predictions for This Week
• PI Network (PI) is currently trading in a flat channel between key support at $0.16 and resistance at $0.20, with attempts to break above resistance being rejected.
• Momentum indicators show a lack of clear direction, with the daily RSI hovering around 50, indicating sideways movement around 18 cents.
• A successful breakout above $0.20 could lead to a target of $0.28, contingent on the RSI moving above 50 and signaling increased buying activity.
https://cryptopotato.com/pi-network-pi-price-predictions-for-this-week-22/
• PI Network (PI) is currently trading in a flat channel between key support at $0.16 and resistance at $0.20, with attempts to break above resistance being rejected.
• Momentum indicators show a lack of clear direction, with the daily RSI hovering around 50, indicating sideways movement around 18 cents.
• A successful breakout above $0.20 could lead to a target of $0.28, contingent on the RSI moving above 50 and signaling increased buying activity.
https://cryptopotato.com/pi-network-pi-price-predictions-for-this-week-22/
CryptoPotato
Pi Network (PI) Price Predictions for This Week
The price has entered a flat channel. Can it break away? PI Network (PI) Price Predictions: Analysis Key support levels: $0.16 Key resistance levels:
Ethereum Nears Critical Breakout Point as Analyst Eyes $1.6K or $4.8K Move
• Ethereum is currently facing pressure from short sellers and has struggled to maintain levels above $2,400, with a potential breakdown target of $1,600 or a breakout target of $4,800.
• Analysts note a significant increase in Ethereum staking inflows, which may reduce selling pressure, while ETH has seen a 30% rally since mid-March.
• Despite recent price drops, Ethereum remains up approximately 11% over the past month and 27% year-to-date, indicating some underlying bullish sentiment.
https://cryptopotato.com/ethereum-nears-critical-breakout-point-as-analyst-eyes-1-6k-or-4-8k-move/
• Ethereum is currently facing pressure from short sellers and has struggled to maintain levels above $2,400, with a potential breakdown target of $1,600 or a breakout target of $4,800.
• Analysts note a significant increase in Ethereum staking inflows, which may reduce selling pressure, while ETH has seen a 30% rally since mid-March.
• Despite recent price drops, Ethereum remains up approximately 11% over the past month and 27% year-to-date, indicating some underlying bullish sentiment.
https://cryptopotato.com/ethereum-nears-critical-breakout-point-as-analyst-eyes-1-6k-or-4-8k-move/
CryptoPotato
Ethereum Nears Critical Breakout Point as Analyst Eyes $1.6K or $4.8K Move
A sustained move above realized price could shift market behavior by returning a large portion of holders to profit.
Bitcoin (BTC) Bottom Isn’t Confirmed Until This Key Level Breaks
• Bitcoin's price has increased nearly 20% this month, but it must reclaim and hold above $88,880 to confirm a sustainable market bottom.
• Significant overhead resistance exists at various levels, with the largest zone at $111,850, which may trigger selling from underwater holders.
• Market sentiment remains cautious, as derivatives data shows declining open interest and negative funding rates, indicating bearish positioning persists despite some easing.
https://cryptopotato.com/bitcoin-btc-bottom-isnt-confirmed-until-this-key-level-breaks/
• Bitcoin's price has increased nearly 20% this month, but it must reclaim and hold above $88,880 to confirm a sustainable market bottom.
• Significant overhead resistance exists at various levels, with the largest zone at $111,850, which may trigger selling from underwater holders.
• Market sentiment remains cautious, as derivatives data shows declining open interest and negative funding rates, indicating bearish positioning persists despite some easing.
https://cryptopotato.com/bitcoin-btc-bottom-isnt-confirmed-until-this-key-level-breaks/
CryptoPotato
Bitcoin (BTC) Bottom Isn't Confirmed Until This Key Level Breaks
Bitcoin remains below major realized price levels, where underwater holders may sell aggressively once it recovers closer to break-even.
Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH
• Ethereum is experiencing a bearish divergence on the daily chart, indicating weakening bullish momentum and potential for a downward move towards lower support zones.
• The asset faces significant resistance near the $2.4K region, with repeated failures to break out suggesting continued seller presence and vulnerability to a decline towards the $2.2K support zone.
• Rising exchange reserves indicate increasing sell-side pressure, which could exacerbate the bearish outlook unless buyers can reclaim the $2.4K level with stronger momentum.
https://cryptopotato.com/ethereum-price-analysis-failure-at-2-4k-spells-more-trouble-ahead-for-eth/
• Ethereum is experiencing a bearish divergence on the daily chart, indicating weakening bullish momentum and potential for a downward move towards lower support zones.
• The asset faces significant resistance near the $2.4K region, with repeated failures to break out suggesting continued seller presence and vulnerability to a decline towards the $2.2K support zone.
• Rising exchange reserves indicate increasing sell-side pressure, which could exacerbate the bearish outlook unless buyers can reclaim the $2.4K level with stronger momentum.
https://cryptopotato.com/ethereum-price-analysis-failure-at-2-4k-spells-more-trouble-ahead-for-eth/
CryptoPotato
Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH
Ethereum continues to trade within a broader consolidation structure as the market struggles to establish sustained bullish momentum. Nevertheless,
Key Shiba Inu Metric Hits a New ATH, Yet SHIB’s Price Remains in Red Territory: Details
• Shiba Inu's ecosystem updates include a surge in SHIB holders to over 1.58 million and a significant increase in burn rate, indicating rising interest in the project.
• Despite positive metrics, SHIB's price continues to decline, trading at $0.00000637, marking a 50% drop over the past year and falling to the third-largest meme coin.
• The Shibarium protocol shows reduced daily transactions, and increased exchange reserves suggest ongoing selling pressure, hindering potential price recovery.
https://cryptopotato.com/key-shiba-inu-metric-hits-a-new-ath-yet-shibs-price-remains-in-red-territory-details/
• Shiba Inu's ecosystem updates include a surge in SHIB holders to over 1.58 million and a significant increase in burn rate, indicating rising interest in the project.
• Despite positive metrics, SHIB's price continues to decline, trading at $0.00000637, marking a 50% drop over the past year and falling to the third-largest meme coin.
• The Shibarium protocol shows reduced daily transactions, and increased exchange reserves suggest ongoing selling pressure, hindering potential price recovery.
https://cryptopotato.com/key-shiba-inu-metric-hits-a-new-ath-yet-shibs-price-remains-in-red-territory-details/
CryptoPotato
Key Shiba Inu Metric Hits a New ATH, Yet SHIB's Price Remains in Red Territory: Details
Shiba Inu's total holder base is inching toward 1.6 million.
Strategy Right to Keep Bitcoin Sale Option Open: Analyst
• Samson Mow defends the flexibility of public companies holding Bitcoin, arguing that selling BTC to protect shareholder interests is necessary and not a betrayal of principles.
• He emphasizes that the "never sell" rule applies to individual holders, not corporations, and that companies should maintain optionality to avoid being exploited by short sellers.
• The debate intensifies as Strategy faces scrutiny over its preferred stock offerings and financial losses, with critics questioning the sustainability of its model and labeling it a potential Ponzi scheme.
https://cryptopotato.com/strategy-right-to-keep-bitcoin-sale-option-open-analyst/
• Samson Mow defends the flexibility of public companies holding Bitcoin, arguing that selling BTC to protect shareholder interests is necessary and not a betrayal of principles.
• He emphasizes that the "never sell" rule applies to individual holders, not corporations, and that companies should maintain optionality to avoid being exploited by short sellers.
• The debate intensifies as Strategy faces scrutiny over its preferred stock offerings and financial losses, with critics questioning the sustainability of its model and labeling it a potential Ponzi scheme.
https://cryptopotato.com/strategy-right-to-keep-bitcoin-sale-option-open-analyst/
CryptoPotato
Strategy Right to Keep Bitcoin Sale Option Open: Analyst
A company that publicly commits to only ever accumulating BTC will give short sellers and arbitrageurs more angles to exploit.
Solana (SOL) Reaches a 3-Week High: Is $100 Just a Matter of Time?
• Solana's native token (SOL) briefly surpassed $90, marking its highest price in 20 days, with analysts divided on whether it will break above $100 or face a correction.
• Analysts highlight strong network usage and active trading as key strengths for SOL, with some predicting a potential rise to $100, while others caution about overbought conditions and increased selling pressure.
• Technical indicators, including a high Relative Strength Index and rising transfers to exchanges, suggest a possible bearish sentiment, compounded by a significant short position taken by a newly created wallet.
https://cryptopotato.com/solana-sol-reaches-a-3-week-high-is-100-just-a-matter-of-time/
• Solana's native token (SOL) briefly surpassed $90, marking its highest price in 20 days, with analysts divided on whether it will break above $100 or face a correction.
• Analysts highlight strong network usage and active trading as key strengths for SOL, with some predicting a potential rise to $100, while others caution about overbought conditions and increased selling pressure.
• Technical indicators, including a high Relative Strength Index and rising transfers to exchanges, suggest a possible bearish sentiment, compounded by a significant short position taken by a newly created wallet.
https://cryptopotato.com/solana-sol-reaches-a-3-week-high-is-100-just-a-matter-of-time/
CryptoPotato
Solana (SOL) Reaches a 3-Week High: Is $100 Just a Matter of Time?
"SOL still looks like one of the strongest coins in the market," one analyst claimed.
Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo
• A collaboration between Ondo Finance, Mastercard, and JP Morgan successfully linked Ripple’s XRP Ledger with interbank settlement rails, enabling 24/7 cross-border transactions.
• The pilot transaction involved tokenized U.S. Treasury bills and was completed in under five seconds, showcasing a hybrid model of blockchain and traditional banking for real-time settlements.
• The growing trend of tokenization on Wall Street could open the $30 trillion U.S. Treasury market to new investors, with major financial institutions exploring tokenization of bonds and deposits.
https://cryptopotato.com/ripples-xrpl-linked-to-interbank-system-in-major-pilot-with-jpmorgan-mastercard-ondo/
• A collaboration between Ondo Finance, Mastercard, and JP Morgan successfully linked Ripple’s XRP Ledger with interbank settlement rails, enabling 24/7 cross-border transactions.
• The pilot transaction involved tokenized U.S. Treasury bills and was completed in under five seconds, showcasing a hybrid model of blockchain and traditional banking for real-time settlements.
• The growing trend of tokenization on Wall Street could open the $30 trillion U.S. Treasury market to new investors, with major financial institutions exploring tokenization of bonds and deposits.
https://cryptopotato.com/ripples-xrpl-linked-to-interbank-system-in-major-pilot-with-jpmorgan-mastercard-ondo/
CryptoPotato
Ripple’s XRPL Linked to Interbank System in Major Pilot With JPMorgan, Mastercard, Ondo
The pilot linked XRPL to global banking infrastructure, enabling institutions to execute cross-border transactions in a single, integrated flow.
Coinbase Suffers Outage Due to AWS Disruption
• Coinbase users experienced transaction issues and slower services due to an AWS outage that began on May 7.
• The platform confirmed that customer funds were safe and initiated a "Cancel Only" mode while working to restore trading.
• The outage followed Coinbase's announcement of a 14% workforce reduction, highlighting the risks of reliance on third-party cloud services.
https://cryptopotato.com/coinbase-suffers-outage-due-to-aws-disruption/
• Coinbase users experienced transaction issues and slower services due to an AWS outage that began on May 7.
• The platform confirmed that customer funds were safe and initiated a "Cancel Only" mode while working to restore trading.
• The outage followed Coinbase's announcement of a 14% workforce reduction, highlighting the risks of reliance on third-party cloud services.
https://cryptopotato.com/coinbase-suffers-outage-due-to-aws-disruption/
CryptoPotato
Coinbase Suffers Outage Due to AWS Disruption
While trading is being restored, all Coinbase markets have been placed in "Cancel Only" mode, allowing users to revoke existing trades.
Another Pi Network Sell-the-News Moment as PI Plunges Hard Again?
• The Pi Network's native token, PI, faced a significant decline of over 11% to $0.166 despite recent protocol updates and co-founders' appearances at a major cryptocurrency conference.
• The latest version updates began in February, with the most recent being v22, and the next version, v23, expected by May 15, yet these developments have not positively impacted the token's value.
• This decline follows a pattern of "sell-the-news" events, where the token surged before key announcements but subsequently dropped sharply after, similar to the aftermath of PiDay and its listing on Kraken.
https://cryptopotato.com/another-pi-network-sell-the-news-moment-as-pi-plunges-hard-again/
• The Pi Network's native token, PI, faced a significant decline of over 11% to $0.166 despite recent protocol updates and co-founders' appearances at a major cryptocurrency conference.
• The latest version updates began in February, with the most recent being v22, and the next version, v23, expected by May 15, yet these developments have not positively impacted the token's value.
• This decline follows a pattern of "sell-the-news" events, where the token surged before key announcements but subsequently dropped sharply after, similar to the aftermath of PiDay and its listing on Kraken.
https://cryptopotato.com/another-pi-network-sell-the-news-moment-as-pi-plunges-hard-again/
CryptoPotato
Another Pi Network Sell-the-News Moment as PI Plunges Hard Again?
PI is among the poorest performers today.
KelpDAO Hack Fallout Pushes Another DeFi Protocol Toward Chainlink CCIP Migration
• Solv Protocol is migrating to Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security for over $700 million in Bitcoin-related assets, discontinuing LayerZero support.
• The transition aims to reduce risk exposure from vulnerabilities in cross-chain bridges, which are considered high-risk in decentralized finance.
• This decision follows a significant exploit involving LayerZero that resulted in $292 million in losses, prompting other protocols like KelpDAO to also move to Chainlink CCIP for improved security.
https://cryptopotato.com/kelpdao-hack-fallout-pushes-another-defi-protocol-toward-chainlink-ccip-migration/
• Solv Protocol is migrating to Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security for over $700 million in Bitcoin-related assets, discontinuing LayerZero support.
• The transition aims to reduce risk exposure from vulnerabilities in cross-chain bridges, which are considered high-risk in decentralized finance.
• This decision follows a significant exploit involving LayerZero that resulted in $292 million in losses, prompting other protocols like KelpDAO to also move to Chainlink CCIP for improved security.
https://cryptopotato.com/kelpdao-hack-fallout-pushes-another-defi-protocol-toward-chainlink-ccip-migration/
CryptoPotato
KelpDAO Hack Fallout Pushes Another DeFi Protocol Toward Chainlink CCIP Migration
Chainlink CCIP just secured another major DeFi migration.
Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?
• Bitcoin rallied from below $75,000 to nearly $83,000 but has since dropped below the crucial support level of $80,300, which is significant for new whale investors.
• Analysts warn that if Bitcoin remains below this level, it may trigger selling pressure from whales looking to break even, potentially driving the price lower.
• The risk appetite for Bitcoin has surged to its highest in nearly a year, with a significant increase in the Estimated Leverage Ratio, indicating traders are using more borrowed capital, which could lead to heightened market volatility.
https://cryptopotato.com/bitcoin-price-falls-below-its-most-important-support-what-does-it-mean/
• Bitcoin rallied from below $75,000 to nearly $83,000 but has since dropped below the crucial support level of $80,300, which is significant for new whale investors.
• Analysts warn that if Bitcoin remains below this level, it may trigger selling pressure from whales looking to break even, potentially driving the price lower.
• The risk appetite for Bitcoin has surged to its highest in nearly a year, with a significant increase in the Estimated Leverage Ratio, indicating traders are using more borrowed capital, which could lead to heightened market volatility.
https://cryptopotato.com/bitcoin-price-falls-below-its-most-important-support-what-does-it-mean/
CryptoPotato
Bitcoin Price Falls Below Its Most Important Support, What Does it Mean?
Here's why this analyst believes BTC could be on the verge of a more profound decline.