Cryptocurrency analysts highlighted: Chainlink’s incredible resilience It is predicted that the cryptocurrency is preparing for a 300% surge amid market volatility. bitcoinThe world’s largest cryptocurrency. Chainlink expected to rise 300% compared to Bitcoin Chainlink, a decentralized blockchain oracle network, has been gaining attention recently. innovative development Within the ecosystem. Popular cryptocurrency analyst Michael van de Poppe has expressed optimism about Chainlink’s native token. linkPredicting a major rally for cryptocurrencies.advertising Related Reading Sharing a price chart depicting the Chainlink (LINK)/Bitcoin (BTC) price movement from 2021 to 2025, Poppe made the prediction with X (formerly Twitter). post LINK is set to witness…
Author: Crypto Flexs
This article was published in Bitcoin Magazine. “The inscription problem”. click here To get an annual Bitcoin Magazine subscription.As I was scrolling through my timeline, I came across a guy who told me that I had taken an orange pill a while back. He was into drugs and gambling at the time. He heard me preach about Bitcoin and fell in love with it with an almost religious passion. Then, under the influence of a small dose of the Orange-Pill Truth, the sunlight of nature, the bitter reality, and the sweet high of the Orange Enlightenment, his life changed. He…
Share this article The spot Ethereum exchange-traded fund (ETF) has seen several developments this week since its listing approval on May 23. Most notably, Cathie Wood’s ARK Invest has discontinued its plans for a spot Ethereum ETF. ARK will continue to pursue further investor opportunities, a spokesperson said in an email.“ARK will not be pursuing an Ethereum ETF at this time,” the spokesperson said. “We will continue to evaluate efficient ways to provide investors with exposure to this innovative technology in a way that maximizes its benefits.”This comment follows 21Shares’ updated Form S-1 for its Ethereum product, which no longer…
One funding round that has particularly piqued my interest over the past two weeks has been Farcaster. The decentralized social networking protocol has raised the second-largest funding round in the cryptocurrency industry this year ($150 million Series A at a reported valuation of $1 billion), following Monad’s $225 million funding last April. I did. Such a significant round in unicorn valuation is not common in cryptocurrencies. So what’s so special about Farcaster and why are investors bullish about it?Farcaster was founded in 2020 by former Coinbase executives Dan Romero and Varun Srinivasan. They also developed an app called Warpcast on…
“SAB 121 effectively prohibits regulated banking institutions from providing digital asset custody at scale because it treats the assets as if they were owned rather than simply managed by the banking institution,” according to a letter sent to Biden on Friday. Several organizations signed. American Bankers Association and Financial Services Forum. “Institutions required to record deposited digital assets on their balance sheets are subject to higher capital, liquidity and other prudential requirements than their non-bank competitors.”
The Hong Kong Monetary Authority (HKMA) has published analytical data on foreign currency reserves and liquidity in the Hong Kong Special Administrative Region as of the end of April 2024. The data released on May 31, 2024 follows analysis by the International Monetary Fund (IMF). (IMF) Special Data Dissemination Standard (SDDS). Monthly data releases According to the HKMA, foreign exchange reserves and liquidity data are published monthly under the IMF’s SDDS framework. The plan aims to strengthen transparency and accountability in economic and financial data reporting. HKMA’s launch schedule for May 2024 includes several key…
Top news this week Ethereum ETF launch in June ‘legitimate possibility’ as BlackRock files S-1 The US spot Ethereum exchange-traded fund (ETF) is likely to be launched by the end of June, with recent positive progress in the approval process. BlackRock updated the Form S-1 filing required for the iShares Ethereum Trust (ETHA) with the U.S. Securities and Exchange Commission (SEC) on May 29, a week after the SEC approved the 19b-4 filing. According to Bloomberg ETF analyst Eric Balchunas, this is a good sign that other applications could soon follow. According to Balchunas, launch is possible at the end…
XRP price extended losses below the $0.5220 support area. It tested the $0.5120 support and is now attempting another recovery wave towards $0.550. XRP is struggling to start a new rally above the $0.5320 resistance zone. The price is currently trading below $0.530 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.5230 (data source from Kraken). If the price stays below $0.5320, the pair may continue to decline. XRP price falls further XRP price remained in the same short-term bearish zone as Bitcoin and…
index While Dogecoin (DOGE) lags behind, Pepe is leading the memecoin market. Pepe, which hit a record high last week, is attracting thousands of new investors, while Doge investors are choosing to diversify. However, investors who are too focused on the meme coin market are missing out on Rollblock, a unique GambleFi project that showcases an innovative gaming platform and revenue sharing opportunity that could be one of the best passive income sources in the cryptocurrency industry. Rollblock, a revenue-generating business already in operation, is expected to be the next one. 50 times Tokens of 2024, let’s find out why!Dogecoin…
After President Joe Biden vetoed SAB 121, a resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) controversial cryptocurrency regulations, lawmakers in the U.S. Senate and House of Representatives are ramping up efforts to pass landmark cryptocurrency legislation. Reinforced. 21st Century Financial Innovation and Technology (FIT21) Act. ‘senate(…)