Remember Tamagotchis? Crypto’s latest craze is similar to that – but with an exciting twist. PlayDoge (PLAY) is nearing the $6 million mark in presale, mixing old-school pixel pets with a P2E game that’s unlike anything else on the market. Earn Crypto By Feeding Your Virtual Pet with PlayDoge Have you ever wished your childhood …
Continue reading “Nostalgic P2E Meme Coin PlayDoge Trends in $6M Presale – How High Can PLAY Go?”
The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s …
Continue reading “Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report”
The Nigerian government has been urged to abandon a floating foreign exchange system and reintroduce subsidies in the power and energy, agriculture, and transportation sectors. In a communique, the Multidisciplinary Finance Professionals (MFP) said the Nigerian government should not determine the value of the naira. Instead, the group said the West African nation should opt …
Continue reading “Group Urges Nigeria to End Naira Float, Reinstate Subsidies”
PRESS RELEASE. The crypto market today can be a bit of a rollercoaster ride. Prices can shoot up on one day, and take a deep dive on the next – all while new projects are popping up in their droves daily. With such a fast-moving environment, it’s not enough to have a groundbreaking idea. You …
Continue reading “Coinband: Driving Exponential Growth for Crypto and Web3 Projects”
Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs While Ethereum ETFs Rake in $98M On Aug. 6, as the crypto market began to recover from …
Continue reading “US Bitcoin ETFs Bleed $148.56M While Ethereum ETFs Cash In”
A hedge fund based in the United Kingdom (UK) is investing hundreds of millions of dollars in the two largest spot Bitcoin (BTC) exchange-traded funds (ETFs) by cumulative net inflows. According to a U.S. Securities and Exchange Commission (SEC) filing, Capula Management is currently holding a combined $464,304,032 in the spot Bitcoin ETFs issued by …
A closely followed crypto analyst says that one key indicator is flashing a similar bottom signal for Bitcoin (BTC) as it did in November 2022. In a new strategy session, crypto trader Ali Martinez tells his 68,900 followers on the social media platform X that Bitcoin’s Market Value to Realized Value (MVRV) is the lowest …
Polymarket saw nearly $400 million in volume in July, but regulatory changes could introduce restrictions. Polymarket, the largest crypto-based prediction market, is experiencing record activity but could soon face greater restrictions in the United States. Polymarket allows users to deposit cryptocurrency and place bets on a variety of events, including but not limited to political …
Continue reading “Polymarket Activity Surging: Will Prediction Market Controls Pose Challenges?”
The cryptocurrency market is a dynamic and often unpredictable trading environment, with new projects emerging every day. Amidst this competitive landscape, Bonumbit is positioning itself as a standout player, poised to thrive and make a significant impact. With its innovative approach to integrating blockchain technology with e-commerce, strategic partnerships, and upcoming exchange listings, BBT is …
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TLDR Ethereum’s price has started a recovery wave, rising above $2,350 after dropping to a low of $1,910. Technical indicators suggest ETH could climb higher if it clears the $2,680 resistance zone. Ethereum’s rebound shows similarities to a pattern from October 2023 that preceded a 178% price rally. On-chain metrics like the MVRV Z-Score and …
Continue reading “Ethereum (ETH) Price Shows Signs of Recovery: Analysts Eye Potential 100% Rally”
An analyst who accurately called the most recent crypto correction is issuing a dire warning to Ethereum (ETH) holders. Crypto strategist Benjamin Cowen tells his 845,000 followers on the social media platform X that Ethereum looks poised to repeat its massive corrections witnessed during the 2016 and 2019 market cycles. According to Cowen, a similar …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Bitcoin distribution rate slows down, potential shift towards accumulation”
Quick Take Bitcoin remains the benchmark for global assets performance, boasting an impressive compound annual growth rate (CAGR) of 63%. Despite a recent price drawdown, it remains one of the best-performing assets in 2024, up around 30%. In contrast, Ethereum faces the challenge of outperforming Bitcoin. The recent launch of an Ethereum ETF resulted in …
Continue reading “Bitcoin vs. Ethereum: historical data predicts expanding gap in H2”
Social media platform X (formerly Twitter) may be approaching its payment system goals, according to independent app researcher Nima Owji. On Aug. 5, Owji revealed that X was developing a “Payments” button for its navigation bar. The button, located just below the bookmarks tab, may allow users to access balances, make transfers, and conduct other …
Continue reading “Rumors Elon Musk’s X nears payment system launch, battles advertisers in court”
Quick Take Bitcoin On Aug. 6, Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced $148.6 million in outflows, marking the third consecutive trading day of such trends, though each outflow has progressively decreased. No inflows were reported. Fidelity’s FBTC led the outflows with $64.5 million, marking its seventh consecutive trading day of outflows. …
