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The 50-day moving average recently crossed below the 200-day moving average, indicating a bearish ‘death cross.’ This pattern typically is a sign of a long-term downtrend. The price peaked at around $35 in March, followed by a sharp decline. After that, it consolidated around the $30-mark before breaking below the 200-day moving average.
Ultimately, the potential value of investing in Uniswap (UNI) during altcoin season depends on different factors. In spite of recent price and trading volume fluctuations, UNI still holds a large market value and liquidity, establishing itself as a key player in the decentralized finance (DeFi) space. The protocol’s inventive improvements, including the incorporation of ZKSync to improve transaction efficiency, highlight its flexibility and growth potential.
Today as the 22nd of June the stock market remains closed for the weekend. As the week ended on Friday the trading session witnessed declines in major indices with the Nifty 50 dipping to 23,501 down by 65.90 points and reflecting a 0.28% decrease. Despite the pullback it had touched an all-time high of 23,667.10. Similarly the BSE Sensex fell by 269.03 points to 77,209.90 which was a decline of 0.35%.
Nevertheless, prospective investors need to take into account the existing bearish sentiment suggested by technical indicators and be cautious. The changing DeFi landscape highlights UNI’s importance, especially considering its past price fluctuations, indicating the need for careful investment tactics to succeed in its market. Hence, even though UNI has attractive attributes for investment, conducting thorough research and managing risks are crucial for making informed choices in altcoin season.
German police seized 50,000 BTC from the piracy website in January, which it described in a press release as the “most extensive security of Bitcoins by law enforcement authorities in the Federal Republic of Germany to date."
The Wintermute analysts highlighted that the price range is an important area for derivatives traders, and a major swing in either direction could have a drastic impact on the price of ETH.
It’s a relatively low-risk strategy that’s suitable for traders who expect low volatility in the Ethereum price. But because it involves buying and selling four different options contracts with the same expiration date, it requires precise timing to pull off.
Ethereum has fallen to $3,480, a 3% slip in the past 24 hours. Traders at Wintermute told *Decrypt* that ETH appears to be range-bound between $3,200 and $3,400 as derivatives traders are likely profiting from an Iron Condor strategy. The firm added that Bitcoin has been similarly range-bound between $63,000 and $65,000.
As OpenSeason soon opens beyond NFT pass holders to the general public, those with the pass will be able to refer friends to the game with an invite link, and earn FU not just for each referral but as a commission on all the tokens earned by those friends in-game.
That pool for future projects, or “FUture Productions” as Fractional Uprising puts it, will be controlled by FU token holders and distributed via grants or other incentive models for builders, a company representative told *Decrypt*'s GG. Those funds will be locked for a full year.
the Fractional Uprising Studios team—which developed the Fortnite-like OpenSeason, which is available via the Epic Games Store—also laid out a long-term roadmap for the FU token.
Although TapSwap only recently announced that it will be launching a token on TON, the game’s Telegram channel has already become the second-largest in existence (only behind Hamster Kombat), with over twice the members of Notcoin’s official announcements channel.
TapSwap is one of the latest games to gain attention in the tap-to-earn category after Notcoin conducted the largest gaming airdrop in history. Since then, fellow tap-to-earn game Hamster Kombat has already surpassed Notcoin in the number of total players, showing that the appetite for these games hasn’t died down just yet.
According to TON, TapSwap already has over 50 million users playing the game, many of which are no doubt anticipating the upcoming airdrop. While the premise is familiar, TapSwap offers another way for Telegram gamers to potentially earn some crypto while playing. Here’s what you need to know.
According to blockchain analytics firm Santiment, the number of these significant holdings has peaked at a level not seen since 2022, indicating a strategic move by major players to strengthen their positions in the top cryptocurrency asset.
Overall, social media sentiment shifted in May based on Farcaster discussions. Interest in crypto assets is also trending downward. Sometimes, traders may look for the market bottom to choose a new entry point. The creator of the Farcaster index claims the chart reflects current and [forward-looking sentiment](https://x.com/CryptoKoryo/status/1790318889118679073). For traders, a low index means a buying signal, and euphoria is actually a time to make profits. Some altcoins have also erased all gains and have turned into bear market territory. The latest slide also looks like a capitulation event, essentially restarting accumulation.
At this stage of the market, it is also easy to note the load-bearing assets and those that at least remain stagnant. Even after the recent slide, ETH, BNB, and TRON remain close to their usual levels. Those assets also serve as safe options in trading pairs. Solana (SOL) is more volatile, sinking to $137.04.
The downturn affected smaller platforms more, with MATIC, NEAR, AVAX and Chainlink (LINK) also losing 6-10%. Previously weak assets like XRP trade in their usual range at $0.49. Even Cardano (ADA), which has not made significant gains, retained a position at $0.37. Buying any of those assets will not guarantee exposure to an immediate bounce but is seen as a bet on a new wave of hype. Like in older bull cycles, some altcoins never recover and may fade into obscurity with near-zero activity.
Crypto could play a huge role in the upcoming U.S. presidential elections, as both candidates are neck and neck, according to the polls. Thus, a pro-crypto candidate could have an edge over an anti-crypto candidate.
President Biden vetoed the Staff Accounting Bulletin (SAB) 121 bill, which received bipartisan support from the House. The incumbent President noted that the bill undermines the SEC’s authority and would cause harm to investors and consumers. The bill would have granted financial institutions the ability to custody Bitcoin along with other cryptocurrencies.
The roundtable is being spearheaded by Rep. Ro Khanna (D-CA) and will be attended by Biden administration officials, lawmakers from both the House and the Senate, and billionaire Mark Cuban, according to documents shared with *Bitcoin Magazine*.
the live price of Bitcoin (BTC) is $66,231.72 today, with cryptocurrency’s 24-hour trading volume being $25.2 Billion. The coin has Decline -1.16% in the past 24 hours and Bitcoin (BTC) is currently trading between $66,395.29 and $66,037.18. Bitcoin (BTC)’s live market cap stands at null.3 Trillion. The open interest of bitcoin has declined 1.65% in the past 24 hours and a currently valuation of $19.5 Billion.
Electrocoin was founded back in 2014 and has since become an industry leader, introducing PayCek, a crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communication with the regulator and today, they count over 250,000 successful transactions, along with 24/7 available customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature enabling the cryptocurrency exchange without prior identification specifically standing out.
The platform supports cross-chain transfers and coin-to-coin swaps through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the release of the new platform, Electrocoin has also introduced one new service – paying bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid by bank transfer within the EU/SEPA zone. That being said, utility bills such as electricity, water, or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies – as long as the payment recipient has a bank account number.
Although the case was dismissed, the charges still exist. Nigeria shows it has not backed down. FIRS decided to direct these charges solely at Binance. This means Gambaryan no longer needs to appear in court for tax charges. From now on, Binance will be the sole defendant in this case. Access **NEWSLINKER** to get the latest technology news.
In the world of cryptocurrency, a significant development occurred today in Nigeria. The Nigerian Federal Inland Revenue Service (FIRS) dropped the tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. The dismissal might be related to a letter sent to the US Department of Justice last week, where former senior executives urged pressure on Nigeria.
As of last night, Egorov was using $141 million worth of CRV tokens to secure a $95.7 million stablecoin loan. "If the price of CRV drops by ~10%," wrote blockchain analytics platform Akrham on Twitter last night, "these positions may begin to be liquidated."
Curve allows users to swap like-assets, such as dollar-pegged stablecoins or various liquid staking tokens, for one another. Maximized to reduce slippage for large trades, Curve is something of an arbitrage trader’s paradise. Even micro-differences between stablecoins can mean massive profits for whales trading in large volumes.
According to the note, the Federal Reserve’s target rate of 2% might have to be revised, as high interest rates are doing more harm than good to the U.S. economy. Both the Canadian central bank and the European central bank have lowered interest rates, which can bolster the Federal Reserve’s ability to revise its target.
Trump has vowed to "never allow" a CBDC if he's re-elected, but he didn't clarify why increasing Bitcoin mining might help block the creation of a central bank digital currency. A CBDC is a digital form of fiat currency and has become incredibly divisive in the crypto community as central banks around the world explore whether it would be beneficial to issue one.
In the latest polls, Trump holds a narrow lead over President Joe Biden with 41% of voter support to the incumbent's 40%. And Robert F. Kennedy Jr., who's running as an independent candidate, is still holding onto 9% of voter support in polls. Trump added in his post that producing the remaining supply of BTC in the U.S. will help the country be "energy dominant" and that it "may be our last line of defense against a CBDC."
The remark was made on his alt-tech social media platform, Truth Social, after a meeting with Bitcoin Magazine CEO David Bailey and execs from publicly traded BTC miners CleanSpark, Riot Platforms, and Marathon Digital. His vow last night and yet another appeal to the U.S. crypto industry heading into the 2024 presidential election.
Bitcoin was once again the dominant focus, with null.97 billion inflows, while altcoins, except Ethereum, experienced just a little activity. Ethereum saw its greatest week of inflows since March, totaling $69 million, drawing from spot-based ETFs optimism.
According to the most recent CoinShares report, XRP, the seventh-largest cryptocurrency by market cap, attracted inflows of null.2 million in the past week. This surge stands in contrast to the subdued activity observed across the broader altcoin market.
A surge of selling pressure may push the price of Shiba Inu down to the 200 EMA if it falls below the 100 EMA. This action would signify a substantial 15% drop from the current levels, which might frighten investors and result in more losses, especially considering that SHIB is coming closer to the edge of the $0.00002 threshold.
Polkadot was conceived to overcome what Wood perceived as the problems with Ethereum. These varied from the practical – scalability and fees – to the more nuanced, around the challenges of decentralized governance. However, much of what Wood shared at the talk with Buterin alluded to his evolution of thought on these topics.
Wood pronounced himself less opinionated about a base layer needing to upgrade itself autonomously, while Buterin expressed interest in having more formalized public signaling methods for Ethereum governance – a development that may become more pressing based on recent findings from Galaxy Digital regarding potential centralization in Etheruem’s decision-making.
The chat didn’t get any less introspective. At this point, it’s worth giving props to the ETH Prague moderator for keeping the line of questioning at a high level since this is where the two are at their finest, debating blockchain’s hardest problems. One question focused on the challenges of community building, positioning the idea that conflict is a necessary part of progress in blockchain development and pulling on examples such as the Ethereum hard fork that led to Ethereum Classic.
A newly launched Polkadot initiative, named JAM, brings rollup scalability to the consensus layer, effectively reducing fragmentation and uniting activity within a single chain. However, the technicalities are perhaps less striking than the fact that Wood is pretty open about the journey he’s been on as a developer and founder. This talk also brings home that although public blockchain projects are live systems supporting assets worth billions, the processes and operations behind them are often still at the bleeding edge of pioneering technologies.
In one tweet, Tate proclaimed, “I WILL CRASH THE SOLANA NETWORK.” He further stirred the pot by stating, “LOOK WHAT I CAN DO. TOP G IS GOING TO BURN IT ALL.” Tate’s tweets quickly went viral, adding fuel to the already intense debate within the crypto space. Tate’s tweets didn’t just stop at his intentions to crash Solana. He also encouraged his followers to send him coins, leading to an influx of tokens. After burning the tokens, Tate boasted, “GUESS HOW MUCH MONEY I’VE MADE TODAY? ZERO.” Moreover, he claimed that he had made over $100 million in trades through Solana, turning people into millionaires.
Tate’s bold actions didn’t stop there. In subsequent tweets, he vowed to “crash Solana.” He boasted about his ability to disrupt the network, confidently asserting that his Top G coin would be the catalyst for “burning it all.” Furthermore, Tate’s language was deliberately provocative, aimed at garnering maximum attention and stoking controversy.
The Top G meme coin’s official Twitter account praised Tate for burning 58% of the coin’s supply, leaving only 37% in circulation. Moreover, the account suggested that this drastic reduction in supply was a strategic move by Tate, aimed at boosting the coin’s value. They celebrated the decision with the declaration, “Now we cook.”
The initial blow on Wednesday was significant. After the opening bell on Wednesday, RIOT saw its share price plunge as low as $8.81 within an hour—right after Kerrisdale Capital, a New York-based short seller firm, announced its short position.
**BNB Smart Chain (BSC) achieved 378 in real TPS on December 7, 2023** amid the inscriptions-driven surge in onchain activity. This makes BSC the fastest blockchain among EVMs, despite only ranking third overall and reaching less than half of Sui’s realized processing speed. **Similarly, the inscriptions craze allowed [Polygon](https://www.coingecko.com/en/chains/polygon-pos) to record 190 in real TPS on November 16, 2023.** Polygon is therefore currently the fastest among the largest Ethereum scaling solutions and 8.4 times faster than Ethereum itself, even as Polygon lags further behind the top 3 fastest blockchains. **In other words, individual Ethereum scaling solutions and layer 2s have not yet been able to surpass other layer 1s in terms of real processing speed.** This might partly be due to the lower number of onchain transactions on Ethereum scaling solutions, resulting in slower realized TPS for these blockchains. **Altogether, [Ethereum](https://www.coingecko.com/en/chains/ethereum) and its ten largest scaling solutions registered a total real TPS of 500**, placing their combined processing speed ahead of BSC but still slower than Solana and Sui. Besides Polygon, the 4 other scaling solutions that have proven to be faster than Ethereum (23 TPS) include **[Arbitrum](https://www.coingecko.com/en/chains/arbitrum-one)** (59 TPS), **[Linea](https://www.coingecko.com/en/chains/linea)** (56 TPS), **[Base](https://www.coingecko.com/en/chains/base)** (37 TPS) and **[Mantle](https://www.coingecko.com/en/chains/mantle)** (25 TPS).
Riot's stock—which trades on the Nasdaq under the RIOT ticker—has worked its way back up to $9.65 in pre-market trading. That's level with its Tuesday, June 4 close of $9.67, but still 1% shy of its $9.78 open on Wednesday morning.
Bitcoin miners play a crucial role in the network by validating and securing transactions. They use powerful computers to solve complex mathematical problems, which confirms transactions and adds them to the blockchain—a public ledger. This can be done on a small scale, with a single mining rig. But there are now many large-scale publicly traded BTC miners like Riot Platforms, Marathon Digital (MARA), and CleanSpark (CLSK).
Rapper Iggy Azalea’s MOTHER token on Solana saw a spark of trading demand over the weekend, surging to an all-time high price on Saturday—just days after it launched. And the musician, who has been broadly embraced by Crypto Twitter, continued her constant tweeting with a familiar-looking profile picture (PFP) in tow.
The Dapper co-founder added, however, that the class action suit’s plaintiffs demanded “certain business changes” at the company as a condition of the settlement. Those demands, which have been accepted by Dapper, include the company’s relinquishing of any FLOW tokens in its possession allocated for Ecosystem Reserve to the Flow Foundation.
Key to the judge’s finding was the fact that Top Shot NFTs live on Flow, a blockchain network originally developed by Dapper. The judge deemed Flow a “private” blockchain, in contrast with networks like Bitcoin or Ethereum, which are not controlled by any one entity. Further, the judge found that statements made by Dapper and its representatives, including Gharegozlou, had implied the collectibles would increase in value over time.
Kaspa (KAS) is a cryptocurrency project focused on delivering a high-performance, scalable, and secure blockchain platform. Kaspa’s standout feature is its use of the GhostDAG protocol, which allows for faster block times and higher transaction throughput compared to traditional blockchains.