Tag: Crypto

The Bitcoin (CRYPTO: BTC) market has seen a notable uptick in futures trading, with open interest reaching an all-time high (ATH) of $32.9 billion, signaling increasing leverage and institutional participation. What Happened: Glassnode’s weekly report highlights that a significant portion of this surge is being driven by a cash-and-carry...

The best traders know how to identify important price levels. These are called support and resistance levels. A common market dynamic is levels of support converting into resistance and levels of resistance turning into support. As you can see on the chart, the $203 level has been both support...

Fireblocks on Thursday announced a $1 million grant program aimed at accelerating the adoption of PayPal USD (CRYPTO: PYUSD), a stablecoin issued by Paxos. What Happened: The program, which follows a successful pilot, seeks to incentivize businesses to create blockchain-based products utilizing PYUSD, with grants of up to $60,000...

Kraken, one of the leading centralized cryptocurrency exchanges, is set to launch its own blockchain, “Ink,” in early 2025. What Happened: This new blockchain will focus on decentralized finance (DeFi) applications, aiming to offer users a streamlined platform for trading, borrowing, and lending tokens without relying on intermediaries, Bloomberg...

The Dogecoin price is on the rise. The meme-inspired cryptocurrency has been a hot topic as its price has increased, and massive trading volumes have begun attracting many new crypto traders. Looking at the latest market trends, DOGE is expected to break out from its long-term period of consolidation...

In a recent interview, Ripple CEO Brad Garlinghouse admitted that the payments technology company should have done better with its relations with regulators in the United States in the early days of XRP. This comment was made in relation to the legal enforcement actions Ripple has been facing in...

The Department of Divine Shitposting helps seed a new mind virus around AI-created religions, and academics claim AI is in a bubble....

Bitcoin’s Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the crypto market. Open Interest, which tracks the total value of all active futures contracts, is a crucial sign of increased leverage and market buzz.  Bitcoin’s price was nearing...

Ki Young Ju, CEO of CryptoQuant, suggests that Bitcoin (CRYPTO: BTC) is on track to become a widely used currency by 2030, largely driven by the mass adoption of stablecoins. What Happened: Ju pointed out in a post on X on Thursday that Bitcoin’s mining difficulty—a measure of competition—has...

Ripple Labs CEO Brad Garlinghouse remains confident that an exchange-traded fund (ETF) for (CRYPTO: XRP) is “just inevitable” despite ongoing regulatory challenges. As institutional demand for cryptocurrency surges, Garlinghouse emphasized the importance of crypto ETFs, pointing to the explosive growth seen in Bitcoin ETFs since their approval. However, XRP’s...