Author: WebDesk

Gary Gensler is officially out as the chairman of the U.S. Securities and Exchange Commission (SEC), and crypto-friendly Republican Commissioner Mark Uyeda is stepping in as acting chair. President Donald Trump has appointed Uyeda, a current SEC commissioner and Bitcoin supporter, as the acting chairman of the Securities and Exchange Commission (SEC) just hours after his inauguration. This appointment will last until Paul Atkins, Trump’s nominee for permanent SEC chairman, is confirmed by the Senate.Mark Uyeda has been a strong advocate for relaxing regulatory measures on the crypto industry. Alongside fellow commissioner Hester Pierce, he has criticized the SEC’s aggressive…

Aave broke through a key resistance as bullish momentum rose, targeting $500 amid recovery. Network activity and rising Open Interest signaled strong support for sustained growth. Aave [AAVE] experienced growing momentum as it neared a crucial consolidation breakout level, signaling a potential surge in price. At press time, Aave was trading at $355.01, up by an impressive 15.69% over the past 24 hours.  With improving market conditions, analysts believe Aave could test the $500 level soon. However, critical resistance levels must be cleared to sustain the upward momentum. Is AAVE’s price action signaling a bullish trend? The price has surged…

Former Coinbase CTO Balaji Srinivasan criticized memecoins, calling them a “zero-sum lottery” that creates no wealth. Users Told to Invest Only What They Can Afford to Lose Former Coinbase chief technology officer Balaji Srinivasan has criticized memecoins, calling them a “zero-sum lottery.” He argues that these coins create no wealth, and buyers often lose everything […] Credit: Source link

The US state of Utah has taken a significant step toward embracing digital assets with the introduction of a ‘Strategic Bitcoin Reserve’ bill. Senator Jordan Teuscher led the initiative, making Utah the 11th U.S. state to propose a Bitcoin Reserve. Utah’s Bitcoin Reserve Bill BIG BREAKING: The state of Utah becomes the 11th state to see a ‘Strategic Bitcoin Reserve’ bill introduced. Thank you @jordanteuscher for your leadership. pic.twitter.com/UapC2v6sLT — Dennis Porter (@Dennis_Porter_) January 20, 2025 The bill, officially titled the ‘Blockchain and Digital Innovation Amendments’, grants the state treasurer authority to invest public funds in select digital assets. It…

A closely followed analyst who nailed the pre-halving Bitcoin correction last year thinks altcoins are close to igniting big rallies and outperforming BTC. Pseudonymous analyst Rekt Capital tells his 531,500 followers on the social media platform X that the altcoin market is at a stage where it is being overlooked by most traders. But the trader notes that the prevailing bearish sentiment is setting the stage for altcoins to ignite upside bursts, leaving many traders on the sidelines. “February has been a strong month for altcoins in both 2023 and 2024. Could altcoins enjoy a strong February for the third…

Este artículo también está disponible en español. Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday.  Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short…

AAVE, the native cryptocurrency of leading protocol Aave, showcased strong resilience to market volatility on Monday during Donald Trump’s inauguration. With an intraday gain of 9%, the coin price is nearing a breakout of the bull flag pattern amid a notable derivative market According to Coingecko data, the AAVE coin holds a market cap of $5.5 Billion, while the 24-hour trading volume is at $1.5 Billion. Key Highlights: The flag pattern formation drives the current correction trend in AAVE. The coin price is 5% from a bullish breakout of 5-week resistance. The ongoing recovery could have renewed selling pressure at…

Rumble Kong League is migrating from Avalanche to Ronin, and there’s a lot to unpack about why this matters. If you’re new to Web3 or just curious about how NFTs, tokens, and sidechains work, don’t worry—you’ll find everything explained in simple terms here. You’ll also learn how to take advantage of the extended airdrop campaign and why big names like Stephen Curry and Paul George are involved. Let’s dive in. Rumble Kong League in a Nutshell Rumble Kong League (RKL) is a free-to-play basketball game that lets you form a three-person team and go head-to-head against other players online. It’s…

PRESS RELEASE. Miami, FL – January 2025 – The Web3 world is buzzing as WAGMI Miami, the ultimate gathering for blockchain enthusiasts, builders, and innovators, introduces WAGMEME, the first-ever conference token designed to create unparalleled in-real-life (IRL) engagement. WAGMEME is more than just a memecoin—it’s a groundbreaking experiment in utility, community, and fun. As the […] Credit: Source link

Although Bitcoin and Ethereum get most of the attention, other smaller altcoins are sparking change with practical solutions and promising significant returns. Those looking for major gains should consider these next altcoins to explode in 2025: BlockDAG, AAVE, Tron, and Sui—each provides distinct advantages and huge potential for growth.  These projects are pivotal in the evolution of crypto, offering diverse opportunities for growth in a rapidly changing market. 1. BlockDAG: Revolutionizing Blockchain Efficiency  BlockDAG (BDAG) is transforming blockchain technology with its revolutionary Directed Acyclic Graph (DAG) structure. This infrastructure enables simultaneous transaction processing, reducing network traffic and boosting scalability. Sectors…