Author: WebDesk
The DOJ has announced that CLS Global FZC LLC will plead guilty to market manipulation and wire fraud. If the plea deal is approved, CLS Global will pay a $428,059 penalty consisting of seized cryptocurrency and a fine. CLS Global Busted in FBI Sting Operation The U.S. Department of Justice (DOJ) announced on Jan. 21 […] Credit: Source link
Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Coinbase amid a high volume surge in the trading of memecoins launched on the SOL network. In response to one customer complaining of delays on the social media platform X, Armstrong says, “Team is working hard on scaling our Solana infra now – lots of Solana activity last few days, we were not anticipating this level of surge.” Armstrong also responds to another customer complaining they’ve been waiting two days so far for…
If you’ve been paying attention to blockchain news, you’ve probably seen the hype around NFTs and how they’re being used to fund crypto projects. NFTs started as digital collectibles but have evolved into a way to build communities and bootstrap big ideas. One example is SOON (Solana Optimistic Network) which just raised $22m through an NFT sale to support their Ethereum Layer 2 mainnet launch. In this post, we’ll go over the basics of NFT fundraising, get into SOON’s approach and why this tech could change how we fund blockchain projects. The Rise of NFT Fundraising Using NFTs for fundraising…
UNI and AAVE whales cashed out $12.7M in profits. Whale activity pointed to price fluctuations, but long-term prospects for both tokens remained strong. In the past two days, four major crypto whales have collectively bagged $12.7 million in profits from Aave [AAVE] and Uniswap [UNI], sending ripples to the altcoins market. This level of whale activity often signals price shifts, leaving many market participants wondering if these moves could hint at future price changes for these tokens? Whales make significant moves The largest transaction came from two whales, “0x991” and “0x97d” (likely one entity), who moved 41,469 AAVE—worth $14.7 million—over…
One of the biggest surprises of the ongoing cryptocurrency market rally has been Tron (TRX), with the asset emerging as a bit gainer. Indeed, when the rest of the industry faced a correction on Wednesday, Tron led all tokens alongside Solana as one of the few gainers.A large part of this recent rise has been due to new US President Donald Trump. Specifically, the 47th president had purchased $4.7 million worth of TRX prior to his inauguration Monday. Moreover, he significantly increased his position, making Tron one of the key cryptos to watch.Source – EthereumAlso Read: Tron (TRX) Price Could…
Este artículo también está disponible en español. Ethereum (ETH) has been underperforming in recent weeks, with its price action leaving investors disappointed following last week’s flash crash and heightened volatility. Despite initial hopes for a recovery, ETH has struggled to regain momentum, trending downward since mid-December. This lack of bullish movement has left investors eager for a surge that could break Ethereum out of its current slump. Related Reading Adding to the anticipation, top analyst Carl Runefelt recently shared a technical analysis suggesting that Ethereum may be preparing for its next significant move. According to Runefelt, ETH is forming a…
A closely followed analyst believes that digital assets still have more room to run to the upside despite calls that crypto may be in the midst of carving a cycle top. Pseudonymous trader Altcoin Sherpa tells his 240,200 followers on the social media platform X that digital assets can still spark more rallies driven by the “best macro environment in years” along with a pro-crypto US government. He also highlights that Bitcoin is one strong candle away from printing a new all-time high just as nations and US states consider the possibility of establishing a strategic BTC reserve. From a…
For the past few days, XRP, the native token of Ripple Labs, has been struggling to gain momentum, and data suggests it is likely to continue struggling in the coming days. This negative speculation is based on the recent activity of investors and long-term holders amid ongoing market uncertainty.Bearish On-Chain Metrics Data from the on-chain analytics firm Coinglass’s spot inflow-outflow metrics reveals that exchanges have witnessed an XRP inflow of a significant $62 million over the past 48 hours. This substantial inflow of XRP tokens onto exchanges indicates a potential dump, which may lead to a price decline and increased selling…
A federal appeals court in Texas has overturned sanctions levied against Tornado Cash, a cryptocurrency mixing platform, determining that the Treasury Department acted beyond its lawful authority. Court Rebukes Treasury Department Overreach in Tornado Cash Case On Jan. 21, 2025, the Fifth Circuit Court of Appeals delivered its ruling, responding to a lawsuit filed by […] Credit: Source link
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, appeared to have fallen short of expectations for massive upside momentum following pro-crypto Donald Trump’s presidential inauguration. Currently, the overall market seems to be struggling, with a few cryptocurrencies witnessing price rallies while others appear to be moving sideways or consolidating.Bitcoin’s Ongoing Consolidation Amid this market uncertainty, BTC seems to be consolidating in a tight range near the resistance level of $108,000, between the $100,000 and $108,000 levels. However, the price of Bitcoin is now falling toward the lower boundary of the consolidation.Bitcoin Technical Analysis and Price Prediction According to expert technical analysis,…
