BNB price is currently in a crucial position as it attempts a fresh increase from the $288 zone. Despite facing resistance around the $310 level, the price is showing signs of strength above the $300 pivot level, exhibiting bullish momentum. The recent correction from the $313 high brought the price below the $308 level, but…

A revitalizing wind is breezing through the cryptocurrency market, carrying the scent of stablecoins. This isn’t just any breeze; it’s one laden with the promise of enhanced liquidity, indicating a potential resurgence in a market marked by its highs and lows. JPMorgan’s recent observations have shed light on this trend, emphasizing a notable increase in…

The upcoming week presents a busy economic calendar, with several Federal Reserve officials providing insights into last week’s interest rate decision. Concurrently, the cryptocurrency markets experienced a cooling trend over the weekend, potentially entering a phase of pre-halving consolidation. The Kobeissi Letter, a macroeconomics outlet, outlined key economic events in the United States for the…

Hong Kong has unveiled plans to introduce a regulatory framework for over-the-counter (OTC) cryptocurrency trading platforms, signaling a significant step toward enhancing transparency and security in the digital asset market. The Financial Services and the Treasury Bureau (FSTB) is set to release a consultation document, with the primary objective of regulating OTC platforms to mitigate…

Upbit, South Korea’s largest cryptocurrency exchange, has reported significant upticks in trading volumes for various altcoins. As the second-largest crypto exchange globally, after Binance, Upbit’s recent data highlights notable increases in the trading activity of specific tokens: 1. Axie Infinity (AXS): Upbit recorded a substantial 513.19% surge in one-hour trading volume, reaching $196k compared to…

A crucial update on the development of Shibarium’s automated SHIB token-burning mechanism has been provided by RagnarShib, a team member of the Shiba Inu ecosystem. The testing phase for the Shibarium burn mechanism has officially commenced, taking place on Puppynet, the testnet version of the Layer 2 (L2) scaling solution. This progress represents a significant…

Solana-based meme coins like Bonk Inu, dogwifhat, and Myro are gaining traction, riding on the success of the Solana (SOL) blockchain’s recent surge. These meme coins, including Bonk Inu (BONK), dogwifhat (WIF), and Myro (MYRO), have witnessed significant growth and are capturing the attention of investors. In this context, we sought insights from ChatGPT to…

Despite Bitcoin’s recent recovery above $43,000, on-chain data reveals that miners are actively offloading their BTC holdings, potentially signaling a selloff ahead of the upcoming halving event in April. The “miner reserve,” a metric tracking the total BTC held in miners’ wallets, has experienced a notable decline, indicating a potential increase in selling pressure. Over…

In recent times, the crypto market has witnessed notable activities from several significant cryptocurrency whales, drawing the attention of on-chain analysts. One prominent whale with the short address 0xbe8 has made a substantial move by withdrawing 2.6 million MATIC from Coinbase Prime, amounting to a value of $2.11 million. Remarkably, this is the first instance…

As Shiba Inu maintains its position as one of the leading meme coins in terms of market value, a positive signal is emerging within the SHIB network. According to prominent market analyst Ali Martinez, there could be an impending uptrend for Shiba Inu, signaled by a buy signal from the TD Sequential indicator. Martinez added,…