Crypto | Finance
Litecoin Defies Market Gloom with a 10% Surge Litecoin (LTC) shocked the cryptocurrency market with a 10% price surge over the weekend, defying predictions of a market downturn after the U.S. Securities and Exchange Commission (SEC) delayed the approval of several spot Bitcoin and crypto ETFs. While most altcoins remained flat or experienced slight declines,…
Polkadot Holds Above $3.28 Amid Consolidation Polkadot (DOT) has been consolidating above the crucial support level of $3.28, sparking speculation about a potential price rebound. Despite recent market fluctuations, DOT has maintained its position within a defined range, signaling a phase of cautious accumulation among traders. The cryptocurrency is currently trading at $3.98, reflecting a…
Binance Latest Proof of Reserves: A Transparency Milestone Binance, the world’s largest cryptocurrency exchange, has published its updated monthly proof of reserves report for May 2025. The report demonstrates that the platform maintains over 100% backed assets for major tokens, including Bitcoin (BTC), Ethereum (ETH), USDT, and XRP. This transparency measure is part of Binance’s…
SEC Closed Meeting: A Pivotal Moment for XRP Today, May 8, the highly anticipated SEC closed meeting could significantly impact XRP’s future. The U.S. Securities and Exchange Commission (SEC) is set to vote on key elements in the ongoing legal battle with Ripple, including the potential withdrawal of the appeal against the Programmatic Sales of…
ShibaInu Burn Rate Slows Drastically The ShibaInu (SHIB) ecosystem has seen a sharp decline in its daily token burn rate, raising concerns among investors. According to Shibburn, an on-chain tracking platform, only 320,814 SHIB tokens were destroyed today. This marks a significant drop from the millions, sometimes billions, of SHIB tokens previously burned daily. Despite…
Understanding What Drives XRP Price WrathofKahneman (@WKahneman), a prominent figure in the cryptocurrency space, recently shared a revealing section from Bitwise’s investment report on XRP. This report provides a clear and concise breakdown of the three primary factors that influence XRP’s value, offering critical insights for investors. Transaction Fees and Token Burning The Bitwise report…
Ethereum Price Surges Beyond Key Resistance Ethereum (ETH) is currently trading around $1,898, following a decisive breakout above the critical $1,830 resistance zone. After several failed attempts earlier in May, Ethereum’s price has surged, supported by a bullish engulfing pattern on lower timeframes, propelling it past a confluence of resistance levels. Traders are now closely…
Bitcoin Approaches the Coveted $100K Mark Bitcoin is on the cusp of hitting the highly anticipated $100,000 mark as global markets gear up for a pivotal meeting between the United States and China this weekend. At the time of writing, Bitcoin (BTC) is trading above $99,000, pushing against a significant resistance level. The leading cryptocurrency…
Ethereum Pectra Upgrade Goes Live Ethereum has successfully activated its much-anticipated Pectra upgrade on May 7, marking a significant milestone in the network’s evolution since the Dencun fork last year. The upgrade went live at 6:05 a.m. ET, achieving finality just over ten minutes later. This development introduces major changes to how Ethereum operates, affecting…
Chainlink Rewards Program: A New Era of Community Engagement Chainlink has introduced an exciting new initiative called LINK Rewards, designed to boost community participation and reward active engagement. This program, launched in collaboration with Space and Time—a member of the Chainlink Build program—aims to incentivize LINK Stakers with token rewards. Massive Token Allocation for LINK…