Shiba Inu (SHIB) has been experiencing a rough patch in the past week, with its price plummeting by approximately 13%. Analysts have suggested that the downtrend may continue in the short term, as the cryptocurrency struggles to maintain its valuation. One analyst pointed out that as long as SHIB remains within the $0.0000185-$0.0000164 range, it
The recent investment by Binance Labs in Pluto Studio, the GameFi publishing platform behind Catizen, signifies a major development in the world of Web3 gaming. This strategic partnership is set to inject significant funds into ongoing initiatives on the Pluto Studio platform, solidifying the studio’s vision to lead the next wave of Web3 gaming. The
Atari and Coinbase have recently formed a groundbreaking partnership aimed at reinventing classic video games through the use of blockchain technology. By leveraging the Onchain Summer and Onchain Arcade projects, the collaboration seeks to create a new era of gaming that not only resonates with users but also revolutionizes the monetization process for game creators.
As the launch date for several spot Ethereum ETFs approaches on Tuesday, the cryptocurrency community is cautiously optimistic about the potential impact on Ether’s price. Despite initial excitement following the approval of the 19b-4 rule in May, Ether has seen a downward trend, leading to increased uncertainty and speculation in the market. Sensitive Market Dynamics
In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. Research from Kaiko suggests that this shift could indicate a resurgence of institutional interest in Bitcoin. The Coinbase premium, which measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD pair and Binance’s BTC-USDT pair, is a
The largest spot Bitcoin ETFs in the US have seen positive inflows recently, but the price of Bitcoin itself experienced a significant retracement. Despite reaching close to $67,000 once more, the primary cryptocurrency had a tumultuous journey in the past few days. It failed to sustain above $65,000, slipped to $63,000, rebounded to $67,500, and
Recent data from CoinShares reveals that Ethereum (ETH) experienced a surge in inflows last week, outpacing Solana’s (SOL) inflows for the year 2024. This increase in investment coincided with the upcoming launch of exchange-traded funds (ETFs) that will enable regulated investment in the US for the second-largest cryptocurrency by market capitalization. Ethereum recorded inflows of
Crypto analyst RLinda has recently made a bold prediction regarding Bitcoin, suggesting that the cryptocurrency could potentially reach a new all-time high of $90,000. She pointed out several fundamental factors that could support this price growth, one of them being the anticipated launch of Spot Ethereum ETFs. However, it is crucial to note that RLinda’s
The Digital Chamber recently reached out to Vice President Kamala Harris, urging her to adopt a forward-looking approach to digital assets and blockchain technology. They emphasized the immense potential that these technologies hold for innovation, economic growth, and financial inclusion. The urgency for a more progressive stance stemmed from the Biden/Harris Administration’s cautious approach that
10x Research’s analysis on President Joe Biden’s potential withdrawal from the 2024 presidential race and its implications for the upcoming election raises significant concerns about the future of the crypto industry. The firm’s assertion that former President Donald Trump would secure a “decisive victory” in the election without credible opposition poses challenges for the regulatory
