Author: WebDesk

The meme coin market is bustling with new coins. While some have continued taking inspiration from Dogecoin (DOGE), a few others were moving in a whole new direction. Amidst this, Shiba Inu (SHIB), one of the most popular meme coins did not budge. The asset continues to stay in the top 20 and has even found its way into the top 10 after its market cap rose to $20.96 billion. Despite this, the price of the asset seems to be moving rather slowly. But things could be changing for SHIB as it prepares to take on the second month of…

Litecoin and Mantra rallied in double-digits this week. Technical and on-chain analysis suggests the two altcoins are poised for further gains next week. Bitcoin’s flash crash under $100,000 and its return above $104,000 have fuelled optimism among crypto traders.  U.S. macroeconomic data releases, performance of tech stocks and equities, and developments in artificial intelligence are the key market movers for Bitcoin. Altcoins like LTC and OM follow Bitcoin closely as the correlation remains high.  Litecoin and Mantra could extend gains, technical analysis shows  Technical analysis supports gains in LTC and OM, on the daily timeframe. Mantra (OM) consolidated in a…

In a recent development, a Fed official has shared his take on Bitcoin, amidst growing discussions around the potential establishment of a strategic Bitcoin reserve in the US. In a recent X post, Austan Goolsbee, the president of the Federal Reserve Bank of Chicago, has shared that the Fed is legally limited about what it can actually put on its balance sheet. GOOLSBEE: ASKED ABOUT #BITCOIN RESERVE, SAYS FED IS LEGALLY LIMITED ABOUT WHAT IT CAN PUT ON ITS BALANCE SHEET— *Walter Bloomberg (@DeItaone) January 31, 2025 Notably, Chair Jerome Powell previously mentioned that the Federal Reserve is legally barred from…

The 2024 state of crypto report by Gemini examines the factors driving crypto adoption for the youngest generation of investors. Gen Z Are Driving Crypto Adoption A recent survey by Gemini reveals that Gen Z is leading global crypto adoption. Over 51% of respondents aged 18-29 report having owned or currently own cryptocurrency. This rate […] Credit: Source link

Zach Anderson Feb 01, 2025 06:41 LayerZero’s integration with Cronos (CRO) EVM and zkEVM enables cross-chain bridges with over 115 blockchain networks, enhancing interoperability and liquidity for Cronos users. LayerZero, a prominent cross-blockchain interoperability protocol, has announced its integration with Cronos (CRO) EVM and Cronos zkEVM, marking a significant milestone for cross-chain connectivity. This move, announced by Cronos Labs and LayerZero, is expected to enhance the development of cross-blockchain applications and bridges, thereby connecting Cronos users to the extensive liquidity of over 115 blockchain networks, including Ethereum and Solana. Integration Details The integration…

Dogecoin’s price movement remains a matter of discussion among crypto traders on social media, with a well-known analyst pointing to a major breakout pattern that could send DOGE soaring toward $1. Popular crypto analyst Lucky (@LLuciano_BTC) recently shared his bullish outlook with his 2.2 million followers on X, stating that the coveted $1 price target for Dogecoin is now only a matter of time. Bull Flag Pattern Signals Strong Momentum Although Dogecoin has shown strong bullish momentum at various points, it has yet to surpass its all-time high of $0.7316 in this cycle. However, many DOGE enthusiasts remain bullish on…

Ted Hisokawa Feb 01, 2025 02:15 Explore how cudf.pandas Profiler enhances data processing by leveraging GPU acceleration. Discover its benefits for optimizing Python data science workflows. In the evolving landscape of data science, Python’s pandas library has long been a stalwart for data manipulation and analysis. However, as data sizes expand, relying solely on CPU-bound pandas workflows can lead to performance bottlenecks. To address this, cudf.pandas, a GPU-accelerated mode, offers a compelling solution by optimizing operations through GPU resources. Introducing cudf.pandas Profiler The cudf.pandas profiler is a pivotal tool for developers aiming to…

During Friday’s U.S. trading session, the crypto market witnessed a slight downtick as Bitcoin teased another breakdown below $100k. While the renewed selling pressure stalled breakout potential for most major altcoins, Polkadot price shows resilience as the recent S-1 filing for Polkadot Trust has boosted market sentiment. By the press time, the DOT price trades at $6.387, with an intraday gain of 1.06% Key Highlights: On January 31st, 21Shares submitted an S-1 registration filing to the U.S. SEC to launch the Polkadot Trust A rectangle pattern within $11.6 and $3.6 drives the current consolidation In Polkadot price. The DOT coin…

Bitcoin has recently faced a slowdown in its upward trajectory after reaching over $105,000 earlier this week. The cryptocurrency had shown signs of a potential breakout, but key indicators have come into focus as the market evaluates its next move. The latest insights from analysts have raised questions about whether Bitcoin’s market momentum can overcome the resistance level at $108,000, its previous all-time high. Analyzing Bitcoin’s Market Indicators Amid the price performance from BTC, CryptoQuant analyst ShayanBTC has provided insights on the challenges and possibilities ahead for Bitcoin. Shayan noted that despite Bitcoin’s recent price increases, the funding rates—a critical…

On January 31st, Friday, the crypto market witnessed a hindered recovery as Bitcoin price struggled to surpass All-time high resistance at $108,000. While the overhead supply restrained major altcoins from key breakouts, the AAVE price shows potential for a sustained rally amid growing whale interest. According to Coingecko data, the AAVE coin holds a market cap of $5.06 Billion, while the 24-hour trading volume is at $830 million. Key Highlights: A cup and handle pattern drives the current recovery trendline AAVE price The ongoing rally could witness overhead supply at $343 365, followed by $400. On-chain data highlights a surge…