Stellar (XLM) led the top 100 coins going into June 28, holding on to 9% gains over the last 24 hours as of press time. The chart below shows the price of Stellar rode the buoyant market uptrend due to recent Bitcoin spot ETF applications by legacy firms. On June 27, the daily candle experienced […]
GBTC charges forward, 33% discount marks narrowest gap in over a year
Quick Take The Grayscale Bitcoin Trust (GBTC) discount to NAV continues its contraction, currently standing at -33%. This represents the narrowest it has been for over a year, reflecting a potentially encouraging trend. GBTC has shown notable strength, rising 137% year-to-date. Notably, it has surged 50% since June 16th, a significant uptick coinciding with the […]
XRP Sees Mild Capitulation Amid Profit-Taking, Santiment Suggests Potential Rally
The post XRP Sees Mild Capitulation Amid Profit-Taking, Santiment Suggests Potential Rally appeared first on Coinpedia Fintech News Crypto markets are navigating through fluctuating terrains as the week commences, with the bulk of attention currently placed on Ripple’s digital asset, XRP. According to crypto market intelligence platform Santiment, contrary to expectations, XRP is radiating a […]
Crypto Firm Prometheum’s Compliance Claims Under Question: All Smoke, No Fire?
The post Crypto Firm Prometheum’s Compliance Claims Under Question: All Smoke, No Fire? appeared first on Coinpedia Fintech News When Aaron Kaplan, co-CEO of Prometheum, stepped onto the stage in Congress, few within the crypto realm knew his name. However, his statement praising the SEC’s legal framework for digital assets and dismissing the need for […]
Stellar (XLM) Records 300% Spike In Daily Trade Volume Amid Bullish Sentiments
The post Stellar (XLM) Records 300% Spike In Daily Trade Volume Amid Bullish Sentiments appeared first on Coinpedia Fintech News The Stellar XLM market recorded a sharp uptick in daily traded volume on Wednesday amid the macro crypto downturns. The veteran crypto asset gained more than 30 percent in the past two weeks to trade […]
Web3 Firms Spending Massive $25M to Secure Crypto License in Hong Kong
Coinspeaker Web3 Firms Spending Massive $25M to Secure Crypto License in Hong Kong Hong Kong regulators have been making every push to attract crypto firms from across the world as they seek to become the crypto hub of Asia. The latest report from Foresight News show that Hong Kong-based Web3 firms are spending as high […]
FTX Suspends Sale of $500M Stake in Anthropic
Coinspeaker FTX Suspends Sale of $500M Stake in Anthropic Bankrupt crypto exchange FTX has paused the sale of its stake in Anthropic, an artificial intelligence (AI) startup. Bloomberg revealed that the company is suspending selling its most sought-after assets worth $500 million despite multiple parties being interested in the deal. According to the report, Parella Weinberg […]
Invasion of TradFi: Crypto’s Alternative Status at Risk?
In a concerted effort to capitalize on a weakened industry, TradFi giants such as Blackrock, Citadel, and Deutsche Bank are seizing opportunities in the crypto market this week. The 2021 bull market brought mainstream attention to cryptocurrencies, leading to a shift in perception among skeptics. However, the latecomers now aim to strike when the market […]
The surge in Stacks explained: Where to invest next?
In this declining market, it’s rare for a cryptocurrency to post a 2x return. But Stacks (STX) achieved this in June, thanks to some favorable events. The smart contract platform is closely associated with Bitcoin (BTC), yet many investors see Stacks as a better option for their pocket. Meanwhile, you may wonder where to invest […]
Cronos X Caldera: Delivers blockchain scalability
Cronos recently announced joining hands with Caldera for blockchain scalability. The network will use its rollup technology to reach scalability. The partnership was announced on the official Twitter handle of Cronos. According to the tweet, Cronos has finally released its rollup deployment technology on the mainnet. Thus, the on-demand optimistic L2 rollups are available to […]