Bitcoin fell to its lowest level in almost two months on Tuesday as cryptocurrencies continue to diverge from traditional equity markets. Bitcoin (BTC) fell to a low of $70,023 on Coinbase early on Tuesday, its lowest level since April 7, marking a daily decline of more than 4% and a weekly loss of 8%, according …
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Crypto asset manager Grayscale could launch its exchange-traded fund tied to the Hyperliquid token in the US as soon as this week after it amended a regulatory filing for the fund, an analyst says. Bloomberg ETF analyst James Seyffart posted to X on Monday that the launch of Grayscale’s ETF was “likely imminent” and was …
Continue reading “Grayscale HYPE ETF ‘likely imminent’ as new update shows competitive fee: Analyst”
The Open Network says it is planning to rebrand its Toncoin (TON) token to Gram (GRAM), the original name of the network’s cryptocurrency in its first white paper. “Gram was the original name of TON’s currency in the first white paper,” Telegram and TON founder Pavel Durov posted to Telegram on Monday. “We’re returning to …
Continue reading “TON jumps 15% as The Open Network plans rebrand to Gram”
Bitmine Immersion Technologies has purchased another $52 million worth of Ether (ETH), with its chair, Tom Lee, saying that the token’s price isn’t yet reflecting the Ethereum blockchain’s strengths. “Over the past week, we acquired 26,497 ETH,” Lee said in a statement on Monday. “In our view, ETH prices are not reflecting the strengthening of …
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Polymarket users who bet on when Michael Saylor’s Strategy would sell Bitcoin are in dispute with the prediction market platform over the timing and disclosure of the company’s recent sale. More than $80 million has been wagered on whether Strategy would sell Bitcoin (BTC) by May 31, with users able to buy odds on “Yes” …
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Key Takeaways Citi projects tokenized securities could grow from $17B to $5.5T by 2030. Treasury bills, stocks, and stablecoins are expected to drive Wall Street onchain. Citi sees up to $1T in new Treasury demand as stablecoin adoption expands. Citi Highlights Stablecoins, Treasuries and Stocks as Tokenization Leaders Citi expects the market for tokenized securities …
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Key Takeaways Cavemanloverboy proposed SIMD-547 on Saturday, spiking some fees to curb SOL asset inflation. Zensei notes SIMD-547 could boost daily SOL burn to 64,800 tokens, sparking a deflationary market. Michael Hubbard criticized SIMD-547 to protect new Solana institutional and AI use cases. Proposed Solana Tokenomics Might Make SOL Deflationary Solana developer cavemanloverboy has introduced …
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Key Takeaways FIFA launched RTB tokens on Avalanche for its fans, shifting major sports ticketing to the blockchain. Arielle Pennington said World Cup activity boosted Avalanche volume 24x, expanding mass Web3 adoption. Following a complaint from Gespa, Letitia James launched a probe to evaluate FIFA’s ticket sales. Avalanche Facilitates Over 60,000 FIFA World Cup Ticket …
Key Takeaways On June 1, AI trading token LAB defied insider manipulation allegations to hit an all-time high of $16.23. LAB’s explosive rise triggered over $19 million in liquidations and a brief top-20 spot on CoinGecko. ZachXBT warns investors of extreme volatility ahead of an upcoming LAB token unlock by concentrated holders. New All-Time Highs …
Continue reading “LAB Reaches $16.23 Despite 95% Supply Concerns as Short Sellers Take Heavy Losses”
Key Takeaways A quick return to pre-war oil prices is becoming harder for investors to justify. Elevated crude prices could feed through to inflation, borrowing costs, and markets. Investors are weighing ongoing supply threats against weakening demand in key economies. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not …
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Key Takeaways Binance will offer 7,000+ U.S. stocks and ETFs with $0 commissions for non-U.S. users. Users can buy fractional shares from $5 using USDC, USDT, and BNB on Binance. Binance plans bStocks, enabling tokenized equities on BNB Chain in the coming weeks. Richard Teng Pushes Binance Into U.S. Equities Binance is moving deeper into …
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Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a “viable path forward” after North Korea exploited it for $50 million in October 2024. Radiant’s decentralized autonomous organization said in a blog post on Monday that its inability to recover the stolen funds, secure new capital and maintain …
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Weiss Crypto says Bitcoin may be approaching one of its strongest buying opportunities in years, with senior analyst Juan M. Villaverde arguing that a coming pullback could mark the final confirmation that the market’s bearish phase has ended. In a post on X, Weiss Crypto said its latest cycle analysis shows “exactly how low BTC …
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Bitcoin price started a fresh decline below the $72,500 zone. BTC is consolidating and might continue to move down if it dips below $70,500. Bitcoin failed to stay above $73,500 and extended losses. The price is trading below $72,500 and the 100 hourly simple moving average. There was a break below a bullish trend line …
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HYPE has been setting new all-time highs above $70 as the market faces selling pressure and uncertainty that has weighed on most assets across the crypto ecosystem. The divergence between HYPE’s performance and the broader market weakness has been one of the defining stories of recent weeks — and data from Lookonchain has surfaced a …
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