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📣 Stacks Foundation joins Uphold to drive Bitcoin adoption The Stacks Foundation, a leading blockchain platform, has just announced a new partnership with Uphold, the multi-asset money platform, aimed at boosting the mainstream Bitcoin (BTC) adoption, according to the information shared with Finbold on May 14. Thanks to the collaboration, Uphold users will not only be able to trade native STX but also seamlessly transfer their STX between their external Stacks compatible wallets and Uphold accounts. 🔺 Uphold’s Anything-to-Anything trading model Uphold stands out as more than just a typical cryptocurrency exchange with its Anything-to-Anything trading approach allowing users to trade between various asset classes such as cryptocurrencies, commodities, and equities. With a global reach spanning over 184 countries and dealing with 250+ currencies (both traditional and crypto) and commodities, Uphold brings nearly a decade of experience to the table, having facilitated over $4 billion in transactions. Transparency is another key pillar for Uphold, the platform always maintaining reserves of 100% or more and publishes its assets and liabilities in real time. 🔺 Bitcoin Layer 2s Bitcoin is becoming more than a store of value, moving beyond its status as digital gold. The reputation of the cryptocurrency is changing with the rise of Bitcoin Layer 2s, led by Stacks and other platforms that can unlock its potential as a fully programmable, productive asset by enabling applications to be built on top of it. Stacks’ upcoming 2024 Nakamoto and sBTC releases promise faster speeds and transactions backed by 100% Bitcoin finality. If successful, the release will enhance user and developer experience on the Stacks platform and pave the way for more applications on Bitcoin. Partnerships like the one with Uphold reflect the growing interest, normalization, and mainstream adoption of digital assets, particularly Bitcoin Layer 2s like Stacks. The Stacks Foundation looks forward to expanding alongside Uphold and bringing Bitcoin. $STX $BTC #STX #BTC

📣 Stacks Foundation joins Uphold to drive Bitcoin adoption


The Stacks Foundation, a leading blockchain platform, has just announced a new partnership with Uphold, the multi-asset money platform, aimed at boosting the mainstream Bitcoin (BTC) adoption, according to the information shared with Finbold on May 14.

Thanks to the collaboration, Uphold users will not only be able to trade native STX but also seamlessly transfer their STX between their external Stacks compatible wallets and Uphold accounts.

🔺 Uphold’s Anything-to-Anything trading model

Uphold stands out as more than just a typical cryptocurrency exchange with its Anything-to-Anything trading approach allowing users to trade between various asset classes such as cryptocurrencies, commodities, and equities.

With a global reach spanning over 184 countries and dealing with 250+ currencies (both traditional and crypto) and commodities, Uphold brings nearly a decade of experience to the table, having facilitated over $4 billion in transactions.

Transparency is another key pillar for Uphold, the platform always maintaining reserves of 100% or more and publishes its assets and liabilities in real time.

🔺 Bitcoin Layer 2s

Bitcoin is becoming more than a store of value, moving beyond its status as digital gold.

The reputation of the cryptocurrency is changing with the rise of Bitcoin Layer 2s, led by Stacks and other platforms that can unlock its potential as a fully programmable, productive asset by enabling applications to be built on top of it.

Stacks’ upcoming 2024 Nakamoto and sBTC releases promise faster speeds and transactions backed by 100% Bitcoin finality.

If successful, the release will enhance user and developer experience on the Stacks platform and pave the way for more applications on Bitcoin.

Partnerships like the one with Uphold reflect the growing interest, normalization, and mainstream adoption of digital assets, particularly Bitcoin Layer 2s like Stacks.

The Stacks Foundation looks forward to expanding alongside Uphold and bringing Bitcoin.

$STX $BTC #STX #BTC

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🤔 Cardano (ADA) Skyrockets 29% in Volume Amid Crypto Bloodbath In the last 24 hours, Cardano (ADA) saw a massive 29% increase in its futures trading volume, reaching over half a billion dollars, as reported by CoinGlass. This increase reveals a strong shift toward ADA perpetual futures trading, which has outpaced the spot market. According to CoinMarketCap, Cardano spot trading volume on exchanges totaled $466 million, bringing the total trading volume to nearly $1 billion. The trend toward futures trading suggests the more speculative nature of trading over long-term investment. The modest change in spot market activity supports this trend, indicating that traders were more focused on futures trading for potential short-term gains. While traders were actively trading ADA futures, the crypto market was in a real storm. In the past 24 hours, positions worth almost a quarter of a billion dollars were liquidated. According to CoinGlass data, it was the bulls, who were mostly "undermined" by market movements during this period, with 66% of liquidations taking place on long positions As always, Bitcoin and Ethereum became leaders in eliminating the deposits of especially greedy traders. As for Cardano, ADA, to a lesser extent, became an instrument with a large volume of liquidations. However, according to the data, of the $400,000 in liquidated positions, $350,000, or 87.5%, went to bulls. The increase in ADA derivatives trading volume amid general market chaos highlights its role in speculative trading strategies. While the overall crypto market faced challenges, Cardano futures' market activity surged, highlighting the continued interest in ADA during periods of uncertainty. $ADA #ADA #Cardano
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🐋 Dogecoin (DOGE) Price Could Witness a Rally as Whales Accumulate   Dogecoin (DOGE) is looking to recover some of the losses the investors witnessed over the last few days. The whales could likely be driving the rally owing to their accumulation, motivating retail investors to do the same. 🔸 Dogecoin Whales Are a Step Ahead Dogecoin’s price could likely witness the impact of whale investors’ recent move. The addresses holding between 10 million and 100 million DOGE have added a little over 900 million DOGE in the span of a week. This $129 million worth of supply has brought up their supply to 18.09 billion DOGE. Given right after their accumulation, the price dropped down this week, there are two likely outcomes. Either the whales are preempting the rally, or they are facing losses. This is clarified by the Market Value to Realized Value (MVRV) ratio, which actually favors the whales. The MVRV ratio measures investor gains and losses. Dogecoin’s 30-day MVRV of -7.4% indicates profitability, potentially leading to accumulation. Historically, DOGE tends to recover as MVRV between -5% and -13% often precedes rallies. This results in this area being identified as an accumulation opportunity zone. 🔸 DOGE Price Prediction: Recovery Ahead Dogecoin’s price could likely begin recovering in the coming days, provided it can secure $0.15 as a support floor again. The meme coin fell through this level this week after also failing to close above $0.16. Should DOGE successfully close above $0.15, it could witness a jump to $0.17 on the back of whale accumulation. As a result, the losses observed since the end of May will be recovered. However, if Dogecoin’s price fails to reclaim $0.15 as a support level and instead drops to $0.14, the bullish thesis would be invalidated. Consequently, the meme coin could drop to $0.12. $DOGE #DOGE #Dogecoin
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🔺 BREAKING ! Xai Vanguard is going to explode the gaming world and become the top game in the Blockchain world !! $XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology. 🔸 Vanguard, currently a dedicated channel in the Xai Discord community, holds the promise of transforming into a gaming league – aptly named Vanguard – in the foreseeable future. Those with the Vanguard role and those accessing its designated channel position themselves favorably to join the League upon its anticipated launch shortly after the deployment of Final Form to the Xai mainnet. 🔸 In the forthcoming era, all gamers will seamlessly engage with blockchain technology within their gaming experiences, yet they are unlikely to be consciously aware of its integration, including the use of technologies like NFTs. The 2021 cycle of blockchain games has illuminated the immense potential inherent in this technology. However, it has also underscored the substantial challenge presented by the adoption barrier that hinders many individuals from creating and managing their first crypto-wallets. To earnestly facilitate widespread adoption, the industry must undertake substantial initiatives to relegate wallet management and blockchain. 🔸 The XAI token will serve a dual purpose on the Xai blockchain. Firstly, it will function as the designated gas token, facilitating transactions within the network. Additionally, Xai tokens will be rewarded to validator nodes for their role in validating transactions. Moreover, the Xai token will act as the primary token within the gaming ecosystem, being accepted as payment for games. #XaiVanguardGenesis #XAI @XAI_GAMES
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🔥 Good news for Ethereum Investors from SEC Chairman Gary Gensler: He Set a Date for the Final Approval of Spot ETH ETFs! Speaking before the Senate Appropriations Committee, SEC Chairman Gary Gensler said he anticipates S-1s for spot Ethereum ETFs will be approved by the end of the summer. Fox correspondent Eleanor Terrett shared details of the Ethereum ETF conversation between SEC Chairman Gary Gensler and US Senator Bill Hagerty. 💬 Gensler said “throughout this summer,” while Hagerty said “by the end of the summer.” “I would dream sometime during this summer…” Gensler said in response. “If you're telling me these applications will be approved by the end of the summer, I appreciate that,” Hagerty said. said” 💬 Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.” Gensler: “I would envision sometime over the course of this summer…” Hagerty: “If you’re indicating to me that those applications will be approved by the end… — Eleanor Terrett As it is known, in May, the SEC approved applications called 19b-4 for spot Ethereum ETFs. However, before Ethereum ETFs can begin trading, the SEC must also approve S-1 filings. While market analysts thought that approval for S-1 applications for ETH ETFs would come in June and July, the SEC Chairman made a statement that was partially consistent with these predictions. $ETH #ETH #ETF #Ethereum
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🟠 Crypto Trader Predicts SHIB Rally, Buys the Dip Rafaela Rigo, a well-known crypto trader on X, has revealed her continued accumulation of Shiba Inu (SHIB) tokens, citing technical analysis that suggests a potential price rally. Rigo referenced an earlier post about the memecoin, suggesting its price was poised to rally. 💬 Bought more $SHIB - Rafaela Rigo On March 31, Rigo shared a SHIB/USD monthly chart that suggested the memecoin had found support and was positioning itself for a significant rally. The chart showed how SHIB’s bearish movement continuously lost momentum after a full retracement that saw the memecoin reach a low point. The price action also indicated a potential return of SHIB bulls, with a classic bullish candle pattern that suggested inherent upward momentum. Meanwhile, not much has changed two weeks after Rigo’s initial post. SHIB’s price setup remains the same, with the price experiencing a slight pullback. SHIB dropped from $0.000026 to $0.000022, returning to the support region earlier identified by Rigo. Typically, experienced crypto traders consider pullbacks as opportunities to increase their holdings by accumulating more of the traded tokens. They believe it means a chance to buy the coins at cheaper prices, creating room for more profitable trades. Most of them do so when confident in their trend predictions, as seen through Rigo’s actions. SHIB surged over 378% between February and March this year after nearly two years of insignificant price movements. The flagship altcoin succumbed to market pressure in March and lost 60% of its value after the surge. The March slump pushed SHIB’s price down toward the 0.618 Fibonacci retracement level. Rigo expects SHIB to regain its bullish momentum and rally toward the $0.00004988 region. That would see the memecoin return to its 2024 high and open the way for more upside movement. If the rally continues, SHIB could reach significant levels of the last bull run, potentially catching up with the previous all-time high (ATH) of $0.0009. #SHIB #Shibainu
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