Barstool Sports founder Dave Portnoy is kicking himself for selling off most of his XRP just weeks before the cryptocurrency reached new year-to-date highs on Thursday. “I would’ve made millions, and I want to cry. I don’t own it anymore, even though I was the leader of the XRP army,” Portnoy said in a video…
Total crypto market capitalization is within striking distance of the $4 trillion milestone, driven by a daily surge in Bitcoin, Ether, XRP and other cryptocurrencies as three major crypto bills were passed in the US House. A $4 trillion market cap would place cryptocurrencies just behind Nvidia, the biggest publicly-listed company in the world, which…
Ether’s meteoric rally to $3,600 on Thursday is unlikely to retreat as long as two key macro conditions continue to hold, a hedge fund executive says. “All the hard data that arrived this week argues against a rapid reversal,” crypto hedge fund ZX Squared Capital partner Felix Xu told Cointelegraph on Thursday. ETFs are booming,…
Key point: Liquid Collective introduced a liquid staking token on Solana (SOL), in partnership with Coinbase, Kraken, Galaxy, Anchorage Digital and Fireblocks. The Liquid Staked SOL (LsSOL) will cater to the rising institutional interest in the network in anticipation of SOL-based exchange-traded funds (ETFs) receiving US regulatory approval. Could growing demand among professional investors propel…
Investment company Canary Capital filed an S-1 application for a staked INJ (INJ) exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC) on Thursday. INJ is the governance, staking and utility token for the Injective Protocol, a layer-1 blockchain network focused on decentralized finance (DeFi) operations. One of the main objectives of…
Key takeaways: DOGE formed a double bottom after breaking a long-term downtrend, hinting at a rally to new year-to-date highs. DOGE’s futures open interest, spot volumes, and holders’ profit show rising demand and reduced sell pressure. Dogecoin (DOGE) shows strong signs of rallying higher as technical indicators and onchain metrics align to support bullish continuation….
The memecoin sector has added almost $17 billion in token valuations since the start of July, surging to $72 billion as of Thursday, up 29% from its $55 billion market cap on June 30. CoinMarketCap data showed that July has seen bigger trading volumes for memecoins than the previous month, with the sector’s 24-hour trading…
Key point: Bitcoin (BTC) has been consolidating after hitting the all-time high of $123,218. Although BTC has not given up much ground, its falling dominance of the total crypto market capitalization shows that money is flowing into altcoins. Will Sui (SUI) be one of the beneficiaries this altseason? Let’s analyze the charts to find out….
Key point: At the RWA Summit Cannes, Nelli Zaltsman, JPMorgan Kinexys’ head of blockchain payments innovation, said that decentralized finance and traditional finance are converging rapidly. The banking giant, Chainlink (LINK), and Ondo Finance (ONDO) recently completed a crosschain Delivery versus Payment (DvP) test transaction, involving a permissioned payment network and a public testnet. Could…
Key takeaways: Altcoins’ cup-and-handle pattern projects a rise to $2.78 trillion market cap, hinting at an “altcoin season.” Bitcoin dominance below key moving averages suggests altcoins may outperform in the near term. According to crypto traders, many altcoins are currently displaying some bullish patterns that suggest “it’s altcoin season” as Bitcoin dominance begins to drop. …