Like other cryptocurrency industries, XRP price continues to struggle against bearish winds. Despite the bulls’ best efforts to support this, the price continued to fall. However, it seems all hope is not lost for altcoins as there are expectations of a recovery soon. More specifically, cryptocurrency analyst WalterMoon is particularly bullish on the price of XRP, noting that it is likely to break out of its current pennant. XRP price fluctuation analysis To pinpoint where the XRP price is headed, cryptocurrency analysts first analyzed the movements of altcoins over the past few weeks. This analysis showed a consistent, albeit short-lived,…
Author: Crypto Flexs
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The U.S. Department of Justice (DOJ) has selected consulting firm Forensic Risk Alliance (FRA) to oversee Binance. This development follows Binance’s guilty plea for violating US money laundering regulations and trade sanctions. Why DOJ chose FRA over Sullivan & Cromwell This appointment follows a plea agreement signed by Binance last November. As part of the deal, Binance agreed to pay a significant fine of $4.3 billion. Additionally, Binance founder Changpeng Zhao pleaded guilty and resigned as CEO. As a result, the court sentenced him to four months in prison on April 30. Read more: Binance Review 2024: Is It the…
Leading global cryptocurrency exchange Binance plans to launch trading support for a new altcoin linked to a viral game on its encrypted messaging platform Telegram. Binance plans to launch support for NOT, the community token of popular Telegram-based tap-to-earn mining game Notcoin, through its Launchpool platform, which will allow users to stake their coins to earn new assets. From May 13 to 16, Binance users will be able to farm NOT tokens by staking the cryptocurrency exchange platform’s native asset, BNB, and the stablecoin First Digital USD (FDUSD) in separate pools. The exchange plans to list the asset on May…
Bitcoin may have suffered its deepest correction since the FTX crash in November 2022, falling more than 20% from its all-time high of around $74,000. However, a Glassnode analyst shared his opinion: preview Remain cautiously optimistic about X. BTC Fix | Source: Glassnode via X Bitcoin is down 20% from its March high, but Glassnode is bullish Glassnode notes that Bitcoin’s “macro uptrend remains one of the most resilient in history” and that while corrections have occurred, they have been relatively shallow. This position allows the blockchain analytics platform to confirm that the coin has improved with increased liquidity and…
Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump’s courting of cryptocurrencies in a social media post on Friday, asserting that cryptocurrencies will play a big role in the 2024 election.“If Joe Biden If they lose, they’ll likely have Gary Gensler and the SEC to thank.” Cuban wrote On social media platform “Cryptocurrency is mainstream among young, independent voters.”Cuban added that Securities Commission Chairman Gary Gensler failed to adequately protect investors from fraud.“What he has done is make it nearly impossible for legitimate cryptocurrency companies to operate, killing many businesses and ruining who knows how many entrepreneurs.”“This…
Ark Invest and 21 Shares withdrew their staking plans from their updated spot Ethereum ETF offerings on May 10.The company’s previous filing on February 7 added a provision detailing the sponsor’s (21 shares) intention to hold a portion of the fund’s assets as equity through a third-party provider.21 shares expected to receive ETH as staking rewards and planned to treat the profits as income generated by the fund. The document acknowledged the risks that may arise from staking, including losses due to fine cuts during bonding and unbonding and funds becoming inaccessible.The relevant section has been removed in the latest…
While Solana’s price is poised to surge in a double bottom pattern, Aptos’ native token APT price has remained stable following the unlocking of nearly $32 million worth of tokens. BlockDAG Piccadilly Circus has once again attracted attention with its amazing display by the miners. This prestigious showcase highlights BlockDAG’s growing influence and appeal in the cryptocurrency space. Let’s take a look at the latest market updates. Solana expected to rise 20% as investor confidence recovers Solana’s price is poised for a potential 20% surge as it approaches a breakout of its double bottom pattern. This rise has been largely…
The Layer3 Foundation announced the launch of L3, a new governance and utility token, scheduled for early summer. This initiative is a major milestone for blockchain and is very important for community expansion. Strengthening Web3 with L3 L3 is the cornerstone of the Layer3 ecosystem, supporting more than 96 million interactions across 545 ecosystems around the world. basic plan Of the total 300 million tokens, 51% will be distributed to the community, highlighting our commitment to decentralized governance and user empowerment. The first major event, Genesis Airdrop, distributes 5% of tokens. The move aims to reward early supporters and increase…
JPMorgan Chase, the largest U.S. bank, today disclosed its exposure to a spot Bitcoin exchange-traded fund (ETF) in a new filing with the Securities and Exchange Commission (SEC). phoenix deal JPMorgan Chase’s SEC filing provides specific insight into the bank’s exposure to spot Bitcoin ETFs. The bank currently has exposure to spot Bitcoin ETFs issued by some of the world’s largest asset managers, including BlackRock, Fidelity, and Grayscale.However, the amount allocated to each ETF seems a bit overwhelming considering how much other institutions are allocating to Bitcoin purchases. It is because:“JPM, Susquehanna (which owns this ETF and was posted all…
Welcome to Finance Redefine, a newsletter designed to bring you the most important developments of the past week. A newsletter delivering essential decentralized finance (DeFi) insights each week.Last week in DeFi, Solana continued to gain momentum and could upset Ethereum in terms of transaction fees within the next week. The UK’s Financial Conduct Authority (FCA) is working to incorporate the best parts of traditional finance (TradFi) and DeFi-related regulations to ensure a comprehensive cryptocurrency framework.One trader lost $1 million worth of cryptocurrency assets due to the 0L network hard fork.The top 100 DeFi tokens by market capitalization had a mixed…