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Author: Benjamin Lee
The coin has expanded its presence beyond Ethereum. Users can now enjoy streamlined cross-chain swaps through Stargate Finance. Pendle boasts the highest positive sentiment in all DeFi coins in the past seven days. Digital tokens painted price charts red on Wednesday as markets brace for the Fed’s rate policy. Pendle extended its weekly losses to over 6% after losing 2% in the past 24 hours. Intensified profit-booking after the recent growth contributes to PENDLE’s weakness. However, the altcoin appears poised for a significant rebound as bullish catalysts emerge. The team has confirmed that PENDLE is officially live on HyperEVM and…
XDC Network token price surged above $0.10 after the Binance.US listing news. The token’s price has since dipped, but it still holds strong above key support at $0.085. Fundamentals like LayerZero and ETP launch fuel the uptrend. The XDC Network has been gaining traction in recent weeks, and its latest listing on Binance.US has only amplified the growing market interest. After months of steady progress, the blockchain project is now in the spotlight following a sharp price movement and renewed investor confidence. Binance US listing sends XDC price soaring On July 30, Binance.US officially opened trading for the XDC/USDT pair,…
‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan
The chief investment officer of crypto asset management firm Bitwise, Matt Hougan, says traditional finance (TradFi) companies are on the hunt for higher returns in the cryptocurrency space. In a new interview on The Wolf of All Streets, Hougan says that after making “tons of money” in Bitcoin exchange-traded funds (ETFs), TradFi firms are now seeking alternative opportunities in the industry. “They made all this money. All this money flowed into Bitcoin. The price went up a 140%. And what are they going to do? They’re going to rotate into like Kellogg’s [stock]? No, they’re going to rotate into Circle…
Coinbase Sparks Altcoin Rallies After Placing Two Projects on Crypto Exchange’s Listing Roadmap
Coinbase has added two altcoins to its listing roadmap, sparking rallies for the projects’ digital assets. The exchange announced Bio Protocol (BIO), a biotechnology-related project, and the decentralized finance (DeFi) lending platform Euler (EUL) may soon be available to trade by its customers. Being added to Coinbase’s listing roadmap means that the top US crypto exchange is considering rolling out trading support for the asset in the near future. The roadmap was established in 2022 to increase transparency and reduce the possibility of investors frontrunning new trading support announcements. Amid the news, BIO is trading for $0.06963 at time of…
Conflux price rose 38% amid multiple key integrations. Bulls could push CFX price to $0.50 and target $1 in the short term. Most cryptocurrencies are trading at key support levels, with Conflux set to ride on overall bullish sentiment. Conflux (CFX) price rose 38% in 24 hours to hit highs of $0.27 and lead top gainers in early trading on July 29. The gains came amid several strategic integrations and partnerships for Conflux, with daily volume also rising as CFX jumped to prices last seen in mid-April. A technical outlook suggests a retest of the $0.50 level is possible as…
Zircuit price jumped 11% as Binance Futures announced support for ZRC perpetual contracts. The ZRC token traded to highs of $0.038 as daily volume picked up. Zircuit is also listed on Binance Alpha and recently launched a key product likely to catalyze more gains. Zircuit (ZRC) saw its price rise sharply on Tuesday morning as Binance Futures announced support for ZRC perpetual contracts. The token traded at $0.038, up 11% in the past 24 hours as the price bounced off lows of $0.034. Binance’s latest announcement, coupled with Zircuit’s inclusion on Binance Alpha, could catalyze more gains for the native…
Omni Network (OMNI) price recorded a near triple-digit gain to break from intraday lows of $2.5 to highs of $7.13. The token traded around $5.37 at the time of writing, 90% up in the past 24 hours. Gains came amid OMNI listing on South Korea’s largest crypto exchange Upbit. Omni Network (OMNI) trended as the top gaining token among the 500 largest coins by market cap on Tuesday, recording a double-digit gain to break from intraday lows of $2.5 to highs of $7.13. While the price has retreated from the intraday peak to currently sit around $5.37, it still sports…
A large-scale holder has just offloaded 3 million FARTCOIN. The meme token’s price has dropped 20% on the 24-hour chart. Meme cryptos have plunged after the latest criticisms from Solana’s co-founder. Digital tokens recorded mixed performances in the past 24 hours, with most coins plunging. The meme token space witnessed multiple activities. While Gemini announced DOGE and SHIB as collaterals, a dramatic move shocked the Fartcoin community. According to Lookonchain, address 24BLFj has dumped a massive 3 million FARTCOIN tokens, pocketing $3.65 million. The investor sold at $1.22 as Fartcoin plunged from the intraday high of $1.4017. Whale 24BLFj sold…
Analyst Who Predicted Bitcoin’s 2024 Pre-Halving Crash Says New BTC Breakout Is Coming – Here’s Why
A crypto analyst who nailed Bitcoin’s pre-halving correction last year believes that BTC is poised to ignite fresh rallies. Pseudonymous analyst Rekt Capital tells his 553,600 followers on the social media platform X that Bitcoin needed a weekly candle close above $119,200 to trigger a breakout from a bullish continuation pattern. With BTC closing the previous week at around $119,400, the analyst says Bitcoin is now in the process of flipping the resistance level into support and that breakout rallies are in sight. “Bitcoin did it. Bitcoin Weekly Closed above the ~$119,200 Bull Flag Top and is now in the…
Crypto Products Break Record As $11,200,000,000 of Monthly Inflows Hit Institutional Markets: CoinShares
Leading digital asset investment firm CoinShares says that institutional inflows into crypto products have set new monthly highs in July. According to its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that digital assets just pushed over $11 billion over the last month, a new record before the month is even finished. “Digital asset investment products saw US$1.9bn in inflows last week, marking the 15th consecutive week of positive sentiment. This pushed month-to-date inflows to a record US$11.2bn, significantly surpassing the US$7.6bn seen in December 2024 following the US election.” Source: CoinShares Regionally speaking, the United States led globally…