Top news of the week SEC Rejects Bid for Spot Solana ETF – Report The U.S. Securities and Exchange Commission (SEC) plans to reject Solana’s application for an exchange-traded fund (ETF). According to Fox News reporter Eleanor Terrett, the agency has notified at least two of the five issuers seeking approval for the Solana ETF. “The consensus is that the SEC will not accept new cryptocurrency ETFs under the current administration,” Terrett said on December 6. Several asset managers have recently applied for the SOL ETF to provide investors with direct exposure to the Solana market. VanEck was the first…
Author: Crypto Flexs
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Shiba Inu’s market capitalization could increase to $80 billion in the first quarter of 2025. When MEMCOIN rallies, they are short but intense – be prepared to profit. Shiba Inu (SHIB) has a very bullish outlook for the next 6-9 months, possibly longer depending on the Bitcoin (BTC) bull period. Over the past two cycles, the focus in the cryptocurrency space began with Bitcoin, but soon began to shift to alternatives. In 2017, we launched an ICO and token sale. And in 2021, DeFi tokens and NFT assets have captured public attention. Will this bull market be a bull market…
Yorg Healer December 5, 2024 10:56 Binance Earn launches Babylon BTC staking with on-chain yields, giving users a new way to earn rewards by participating in on-chain protocols through their Binance account. Global cryptocurrency exchange Binance has unveiled new plans for its Binance Earnings platform, introducing on-chain yields through the launch of Babylon BTC Staking. According to Binance, this new feature will allow users to participate in various on-chain protocols and receive rewards directly through their Binance account. Babylon BTC Staking Details Babylon BTC Staking is the first offering under this new initiative, allowing…
As the Ethereum layer-2 (L2) ecosystem continues to expand and encompass most of the day-to-day economic activities on the Ethereum blockchain, centralization issues persist.Elena Sinelnikova, co-founder of Metis L2, recently told Cointelegraph that layer 2 scaling solutions should adopt decentralized sequencers to maximize vulnerability prevention and censorship resistance.According to Sinelnikova, most layer 2 networks have only one sequencer, and most users don’t realize that they are transacting on a centrally managed platform that can be controlled or terminated at any time. Metis co-founder told Cointelegraph:“About 97% of all Ethereum transactions take place at Layer 2. So basically, almost all of…
Dogecoin price I’m still preparing There is currently a move to break above the all-time high, but it continues to face resistance around $0.45 to $0.46. This resistance has become quite pronounced since early December, but the long-term outlook remains positive. According to technical analysis TradingView platform, Dogecoin is scheduled for another 34% price increase from here, but a short-term bearish correction may ensue before the expected rally gains full momentum. Technical Analysis Points for Bullish Dogecoin Movement Speaking of resistance, Dogecoin’s rally over the past 30 days has been hampered since it reached a three-year high of $0.4735 on…
james ding December 5, 2024 12:03 BNB Chain is launching the Memecoin Daily Airdrop series to purchase 33 top Memecoins worth BNB to be distributed to BNB and CAKE holders from December 12th to 19th, 2024. BNB Chain will highlight top-performing Memecoins through the innovative Memecoin Daily Airdrop series. According to the BNB Chain blog, the plan, scheduled from December 12 to December 19, 2024, will see the platform purchase 33 BNB worth of Memcoin tokens each day, which will then be airdropped to 1,000 selected BNB and CAKE holders. competitive structure The competition,…
Darius Varu December 6, 2024 01:33 RavenQuest, the leading MMORPG in the web3 space, launches Phase 3 Closed Beta on December 5, introducing new features, global connectivity, and exclusive rewards. RavenQuest, a highly anticipated MMORPG within the web3 ecosystem, is gearing up for a ‘Phase 3’ closed beta launch on December 5, 2024. This update will bring our community closer together by introducing a variety of new features and reward opportunities. According to Immutable (IMX), a general release is expected in 2025. Immutable RavenQuest Stage 3 Immutable’s Phase 3 launch will allow players to…
Ethereum’s native token, Ether (ETH), is mirroring XRP’s November breakout trend, which resulted in a price boom of more than 390%.XRP Fractal Could Drive ETH Price to $7,600.In November, XRP broke out of a symmetrical triangle pattern formed over six years, triggering a parabolic rally from around $0.50 to above $2.94. The $2.94 level coincides with XRP’s 1.618 Fibonacci retracement level and was acting as resistance as of December 7.XRP/USD weekly price chart. Source: TradingViewEthereum is experiencing a similar breakout trend as XRP. In the week ending December 8, the cryptocurrency crossed the upper trendline of a three-year-old symmetrical triangle…
Crypto analyst and trader Michaël van de Poppe is bullish on altcoins. Van de Poppe told his 748,300 followers on social media platform According to a widely known trader and analyst, most altcoins are hitting all-time lows compared to Bitcoin pairs. “This means altcoins will still see massive upside. Many of them would need to rise 4x against Bitcoin to meet levels seen earlier this year. The altcoin market has been in a bear market all year. “This is so crazy!” Van de Poppe also says that the rally in altcoins precedes that in Bitcoin. “This is basically just a…
Amid surprising market changes, Dogecoin whales are expanding their investment strategies by focusing on promising sub-$1 altcoins such as XLM, RCOF, and POL. These little-known assets are gaining significant attention due to their potential for significant portfolio gains, with projections predicting increases of up to 9,304%. Let’s take a look at why you should take advantage of this investment opportunity! Why RCO Finance is attracting attention in the cryptocurrency market RCO Finance is quickly establishing itself in the cryptocurrency market and is gaining attention for its innovative features that can enhance your investment portfolio. For those holding altcoins at prices…