XRP price began another downward trend after failing to break above the $0.530 resistance level. The price is back below $0.5150 and showing some signs of weakness. XRP struggled near $0.5300 and began a new downtrend. The price is currently trading below $0.5150 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (data source from Kraken), a break has occurred below the main contract triangle with support at $0.520. The pair could gain bearish momentum if it closes below $0.500. XRP price turns red After a steady rise, XRP price faced resistance near $0.530. A…
Author: Crypto Flexs
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Today’s Weekly Recap: Notcoin (NOT) is facing a 50% price slump following its airdrop debut. Spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded record inflows, recouping April losses amid a market rebound. Regulatory and enforcement actions are rampant in the cryptocurrency industry. Notcoin plummets 50% after debut The Notcoin project debuted. Previously, the team announced that it would end direct deposits on the exchange on May 14th. They announced plans to resume deposits after NOT listing on May 16. Crypto.news reported on May 16 that the Play-to-Earn blockchain project airdropped $80.2 billion to miners in The Open Network (TON) community. The…
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Binance Launches Word of the Day GameTo enhance cryptocurrency education, Binance has launched a new Word of the Day (WOTD) game. This initiative is designed to help users increase their cryptocurrency-related vocabulary while keeping abreast of the latest market developments. This week’s topic is DApp (Decentralized Application).How do WOTD games work?Eligible users can play up to two WOTD games per day to test their knowledge on a given topic. Those who accumulate a total of 5 correct answers during the activity period will equally share the pool of 500,000 Binance Points. These points can be…
The Solana logo is quickly becoming one of the most recognizable cryptocurrency logos in the blockchain world. Like Bitcoin’s (BTC) orange B, Dogecoin’s coveted dog, and Cardano’s iconic circular pattern, the SOL coin logo has become a rallying point for Solana believers.But there’s more to Solana’s branding than meets the eye. In fact, if Anatoly Yakovenko and his fellow co-founders had had their way, the Solana ecosystem would have had a completely different name. What inspired the sleek and simple logo, and why couldn’t Solana’s founders keep the name they originally chose?Why is Solana called Solana?Anatoly Yakovenko wrote the original…
BNB price began a downward correction in the $585 area. The price would need to remain above $570 for new increases to begin in the near future. BNB price began a new downtrend after failing to break the $585 resistance zone. The price is currently trading below $580 and the 100 simple moving average (4-hours). On the hourly chart of the BNB/USD pair, there is a major bullish trend line forming with support near $570 (data source from Binance). If it stays above the $570 support, the pair could start a fresh increase. BNB price maintains support After a significant…
UK police have reportedly arrested Jarett Dunn, known online as @STACCoverflow, for allegedly exploiting the Solana meme coin protocol Pump.fun. The arrest follows a more than 24-hour intelligence operation that tracked Dunn’s movements through social media and other public sources. London police arrested Pump.fun exploiter Jarett Dunn. The Pump.fun protocol exploited on May 16 previously used Dunn. After the attack, he publicly criticized the company on social media. Dunn expressed his intent to disrupt the platform and said he was not worried about going to jail. A private intelligence firm hired by third-party stakeholders tracked Dunn’s movements using his social…
Recent 13F SEC filings reveal that several major US financial institutions are allocating significant funds to Bitcoin through spot ETFs. The filing disclosed the holdings of institutional investors with an allocation of more than $100 million.After the SEC approved several spot Bitcoin ETFs earlier this year, investors have been eagerly awaiting these disclosures. The filing names the State of Wisconsin Investment Board, Wells Fargo, JPMorgan and others.Now, the latest disclosure shows that financial services giant Morgan Stanley has purchased $269.9 million worth of Grayscale GBTC. This makes Morgan Stanley one of the largest institutional holders of GBTC, outside of Susquehanna’s…
The co-founder of Movement Labs explains that EVM compatibility is driving the rapid growth of Move-based blockchains such as Sui and Aptos. The growth of Move-based blockchains depends on EVM compatibility. The post Movement Labs Co-Founder appeared first on Crypto Briefing.
A widely respected cryptocurrency strategist is warning that Chainlink (LINK) could be on the verge of a major correction. The underlying asset of the leading decentralized oracle network appears to have printed mid-cycle highs, pseudonymous analyst Credible told his 394,500 followers on social media platform X. According to analysts, a deep corrective action is now on the cards for LINK after witnessing massive rallies over the past few months. “I understand that it is normal, natural and healthy to go up for 10 months and then go up 4x and then go down 50-60% for 2-3 months. Moreover, anything deeper…