The post FOMO Alert: Shiba Inu’s ATH Spike, Ethereum’s Support Loss, and Furrever Token’s Launch appeared first on Coinpedia Fintech News

Amidst the constantly shifting terrain of the digital currency realm, Shiba Inu emerges as a frontrunner for a monumental surge to unprecedented heights, sparking fervor within the investment community. Conversely, Ethereum’s recent descent below a pivotal support threshold has stirred unease while simultaneously revealing novel opportunities.

Against this backdrop of fluidity, the impending introduction of Furrever Token brings forth a unique and enthralling addition to the cryptocurrency domain. This amalgamation of events presents an optimal setting for investors keen on capitalizing on burgeoning trends and maximizing their gains.

Shiba Inu (SHIB) Poised for All-Time High Amidst Bullish Predictions and Whale Accumulation

While Shiba Inu (SHIB) has trailed behind the recent market upswing, insights from analysts and whale activity hint at a potentially significant price surge. Despite a weekly downturn and dwindling market capitalization, insiders maintain an upbeat outlook on SHIB’s trajectory. Analysts such as X user Mags envision a bullish path, predicting SHIB’s value to exceed $0.00014 by September. Others, like CryptoYoddha, foresee a climb to $0.000075 by the close of 2024, attributing it to a broader rally in meme coins.

Noteworthy is the active involvement of SHIB whales, one of whom amassed over 715 billion tokens while two others secured 1.35 trillion tokens. Such whale activity typically fosters positive sentiment among investors, potentially propelling SHIB’s price further upward. However, it also carries inherent risks, as significant sell-offs could trigger abrupt declines. Nevertheless, buoyed by increasing demand and limited availability, SHIB appears primed for an all-time high, especially within the context of the broader resurgence in meme coins.

Ethereum (ETH) Loses Critical Support Level, Signaling Potential Bearish Momentum

Ethereum experienced a downturn when it dropped below the vital support threshold of $3,700, unable to maintain its upward momentum. The failure to penetrate the consolidation channel has stirred unease among investors, suggesting the likelihood of entering another period of consolidation. This transitional phase might present a chance for the moving average to readjust alongside previous market volatility, potentially paving the way for a continuation of the upward trend.

The breach of the $3,700 support level is concerning due to its historical importance as a critical ETH support area. If Ethereum cannot maintain these support levels, there may be a potential decline towards the 200-day moving average (MA). This MA is a reliable indicator of the long-term trend direction, and moving towards it could increase short-term downside risks.

Additionally, the recent downturn in Ethereum’s price coincided with a surge in trading volumes, indicating heightened activity among sellers. This uptick implies that more traders are offloading their positions, adding downward pressure to the price.

Despite these bearish signals, Ethereum’s Relative Strength Index (RSI) remains around neutral territory, suggesting that ETH still has room for recovery if market sentiment shifts. This equilibrium implies that Ethereum is neither overbought nor oversold, potentially leaving space for a reversal in fortunes.

Furrever Token’s Launch: A Fresh Breeze in the Crypto Space

As Shiba Inu and Ethereum navigate their respective market dynamics, Furrever Token is set to make its debut, adding a novel and captivating element to the crypto landscape. Designed to infuse the often serious world of digital currencies with an irresistible dose of cuteness, Furrever Token (FURR) offers a delightful and charming experience centered around adorable cat imagery and a vibrant community.

Furrever Token is dedicated to establishing a delightful and endearing crypto environment, blending cat-themed stickers, emojis, and graphics to create an entertaining and interactive platform for its audience. The project’s tokenomics are designed to foster sustainable expansion, with 65% of the overall supply accessible during the presale, 25% earmarked for decentralized exchanges (DEXs), and 10% set aside for the team, securely locked for a year to instill confidence in the project’s durability among the community.

Furrever Token has already raised over $1.3 million and is currently in stage 9 of its presale, looking to raise a total of $1.9 million. With its launch on PancakeSwap imminent, Furrever Token promises up to 15X returns for early investors, generating substantial FOMO among crypto enthusiasts.

This unique blend of fun and financial opportunity makes Furrever Token an exciting prospect amidst the current crypto market movements, offering investors a chance to be part of a community-driven project that stands out for its charm and potential for high returns.

Join Furrever Token Presale Now:

Furrever Token Official Website

Visit Furrever Token Presale

Join Official Telegram Group

Follow Official X Account

The post Solana Faces Mixed On-Chain Metrics Amid Crucial $160 Level: Here’s What’s Next for SOL Price appeared first on Coinpedia Fintech News

Over the past few weeks, Solana (SOL) has gained significant attention as its price continues to consolidate around crucial support lines. This consolidation follows Bitcoin’s latest struggle to validate a clear trend above the psychological mark of $70K. Amid the overall stable market sentiment, Solana has seen a mood swing in key on-chain metrics, creating possibilities of a significant move in the coming hours.

Solana Sees A Surge In New Addresses

The market is presently witnessing a tug-of-war between buyers and sellers attempting to establish a clear price trend for Solana (SOL), which is currently trading around a consolidated range of $160. As sellers gain the upper hand, significant liquidations are on the rise.

Also read: Solana All Set For Major Mainnet Upgrade To Tackle Congestion Issues

Recent data from Coinglass shows that Solana has experienced total liquidations nearing $2.7 million. Of this amount, buyers have faced liquidations of approximately $2 million, while sellers have encountered liquidations totaling around $680K.

According to data from IntoTheBlock, Solana has witnessed a notable increase in the number of new addresses over the last seven days. The figures show a significant rise, climbing from 956,000 to a new high of 980,000. Though the metric touched 1 million addresses recently, it dropped from that peak due to low buying confidence. However, this surge in new addresses indicates growing interest and investment in Solana, contributing to a bullish market sentiment.

There are signs that whales might start accumulating, potentially driving Solana’s price higher before a strong rally is confirmed. It’s expected that both Solana and the market will surge, especially given the positive outlook following last week’s consolidation.

According to data from IntoTheBlock, the value transferred on-chain has been declining. Over the last seven days, the metric has been dropping from $159 billion to $136 billion, suggesting a drop in SOL investment. This might provide a strong resistance to any buying pressure.

What’s Next For SOL Price?

Solana has reached its 20-day Exponential Moving Average (EMA) at $162 on the 4-hour chart, which is likely to serve as a significant resistance point. Buyers have been accumulating aggressively in recent hours; however, sellers are strongly defending a surge. This has resulted in a consolidation in the price chart. As of now, SOL is trading at $162, up over 0.2% in the last 24 hours. 

If the price advances past the moving averages and $162, it signals a potential resurgence by the bulls. In this scenario, the SOL/USDT pair may target a rally towards the next major resistance at the descending resistance line. If the price surpasses that level, we might see a climb toward $192.

Conversely, if the price declines from the moving averages, it suggests increasing negative sentiment with traders selling during price rallies. This could drive the price down towards the solid support zone of $130-$140. A break below this threshold could result in a further decline to $100. 

The post Top Lost Altcoins Which Need Your Attention! Here’s What’s Next for AVAX, LTC & DOT Prices appeared first on Coinpedia Fintech News

The crypto markets are gearing up as the Bitcoin price is attempting again to secure levels above $70,000. With the beginning of US trading hours, the markets are gaining strength and hence the other altcoins are also trying hard to halt the persisting descending trend. In the meantime, some of the tokens that once had massive trader attention have now faced a significant drop in trading volume. 

This suggests the traders have shifted their attention to other altcoins, as Avalanche (AVAX), Litecoin (LTC), & Polkadot (DOT) prices are losing the tradition. 

Avalanche (AVAX) Price Analysis

The AVAX price is experiencing equal bullish and bearish pressures as the daily candle has formed equal wicks on either side 

The price is testing one of the key support levels at $32.81 and the current trade set-up indicates that the price could hit the lower support levels close to $30 very soon

Despite a slight rise in volume, the bears appear to have enough dominance, which substantiates the bearish claim

However, the levels have slipped below the 200-day MA and the Ichimoku clouds have again shifted from bullish to bearish 

Litecoin (LTC) Price Analysis

Litecoin price is one of the more undervalued tokens which is struggling to achieve and sustain above a 3-digit figure 

The rally has been displaying a similar price action as it broke down from the rising parallel channel and began its recovery, forming another rising parallel channel

The current trade set-up suggests the price is about to display a similar price action and initiate a breakdown  which is validated by a descending trend of RSI

However, the bulls are expected to jump in as the token drops below $80, which may initiate a fresh upswing above $90

Polkadot (DOT) Price Analysis

Polkadot price is consolidating within a range, trading within pre-determined levels and recently dropped below the crucial support 

The selling pressure has soared with a huge rise in the selling volume, which is expected to continue for some more time

The DMI is currently in the bearish range but is displaying a huge chance of undergoing a bullish divergence as the ADX has just rebounded from lows

Therefore, the DOT price is believed to consolidate within the same levels or drop close to $6, which may further initiate a fresh bullish spell above the support-turned-resistance trend line

The post Ethereum ETF Poised to Steal 20% Of Bitcoin ETF’s Money Flow, Here’s Why appeared first on Coinpedia Fintech News

Last week, U.S. Bitcoin ETFs saw a record $1.8 billion in inflows, marking their 19th consecutive day of increased demand. Many people in the crypto community think that once Spot Ethereum ETFs go live, Ethereum could attract 10% to 20% of the money currently flowing into spot Bitcoin ETFs. 

As, the agency is reviewing S-1 registration statements, which are necessary for final approval and include important disclosures.

Ethereum ETFs on the Rise

Jag Kooner, the Head of Derivatives at Bitfinex, a leading crypto exchange believes that once the Spot Ethereum ETFs go live it is expected to capture up to 20% of the investments currently going into Bitcoin ETFs in the United States. Further, Kooner highlighted the importance of future clarity from the U.S. SEC on whether staking will be permitted for spot Ethereum ETFs. 

ETHEREUM ETFS ABOUT TO STEAL 10-20% OF BITCOIN ETF FLOWS– Spot #Ethereum ETFs, when finally launched in full, are expected to capture as much as a fifth of the existing inflows to spot #Bitcoin ETFs in the United States, according to an analyst at leading exchange, @bitfinex.… https://t.co/SYLCFMAH2T pic.twitter.com/ZpAKYhuewK

— BSCN (@BSCNews) June 10, 2024

This shift reflects investors’ desire to diversify their investment portfolios and recognize the unique advantages of Ethereum. 

Furthermore, Kooner compares a similar historical situation when Gold and Silver ETFs were introduced in the early 2000s. Although Gold ETFs came first in 2004, the launch of Silver ETFs in 2006 led to a significant change in investment patterns. 

The surge in investor interest likely stemmed from the increasing demand for silver across diverse industries, prompting many to embrace these new opportunities.

ETH ETF Has To Wait More

Despite receiving approval, Ethereum ETFs lag behind Bitcoin spot items as they await formal registration. Leading financial institutions like BlackRock and Fidelity are still waiting for SEC approval to offer Ethereum funds.

On the flip side, JPMorgan predicts that Ethereum ETFs will experience lower net inflows compared to Bitcoin, which currently boasts $15.3 billion in inflows.

However, many experts predict that Ethereum ETFs may only attract net inflows ranging from $2 billion to $4 billion for the rest of 2024. Moreover, it is expected to take some time for Ethereum to catch up to Bitcoin, which has $70 billion in ETF assets, around 20% of the market.

NEW: Global Spot Bitcoin ETFs now hold over $70 billion in #Bitcoin That's 5% of the BTC supply pic.twitter.com/NYqldI5SIn

— Bitcoin Magazine (@BitcoinMagazine) June 10, 2024

The post Crypto Regulations in Malaysia 2024 appeared first on Coinpedia Fintech News

Malaysia, a country in Southeast Asia with 32 million people and an area of 330 kilometers, is a diverse nation comprising various ethnicities and religions. While half the population is Malaysian, the rest come from different parts of the world. Its economy is robust, growing quickly, and highly competitive, making it appealing for foreign investors.

Regarding Bitcoin, Malaysia lacks specific regulations from the government. Bitcoin mining and trading are permitted without restrictions. However, the Central Bank of Malaysia clarified that Bitcoin isn’t recognized as legal tender. Users are cautioned about potential risks like fraud and operational hazards.

Malaysia Crypto Regulations 2024

Bursa Malaysia has rejected the idea of including cryptocurrency on its multi-asset exchange. The chief executive officer, Datuk Muhamad Umar, stated that they considered offering cryptocurrency, along with exchange-traded funds (ETFs), but decided against it because it didn’t align with their objectives.

Government on Cryptocurrency

In Malaysia, digital assets aren’t seen as legal tender but are classified as securities. The country actively working on establishing clear rules for digital assets and their providers. According to Malaysia’s Prescription Order 2019, digital assets are divided into two groups:

Digital currency: This is a digital representation of value, recorded on a digital ledger, and can be used for exchange, similar to money.

Digital tokens: These are also digital representations recorded on a digital ledger, and they can represent various things.

The document also outlines when digital currencies and tokens are seen as securities.

Companies wanting to operate in Malaysia must specify if they deal with digital tokens or currencies. Depending on this, they are categorized into:

Recognized Market Operator for Digital Asset Exchanges (RMO-DAX): These are online platforms facilitating the trading of digital assets.

Digital Asset Custodian (DAC): They offer storage services for digital assets, ensuring the safety of investors’ assets.

Initial Exchanges Offering (IEO): This is a fundraising method for innovative businesses using digital tokens.

The Malaysian Central Bank has announced new rules for cryptocurrency exchanges regarding anti-money laundering and counter-financing of terrorism policies for virtual currencies. These rules apply to crypto activities such as exchanging digital currency for money, money for digital currency, or exchanging digital currency among others, including exchanges outside the country.

Cryptocurrencies are not considered ‘legal’ in the country, but this doesn’t mean they’re illegal. However, in January 2020, the Malaysian Government clarified that cryptocurrencies would not be banned but regulated. The Finance Minister of Malaysia, Johari Abdul Ghani, stated,

“No plans to ban cryptocurrencies in Malaysia since doing so would curb creativity and innovation in the financial sector.”

According to officials, the government is in the process of easing regulations while ensuring corporate access to future business opportunities. The governor of the Malaysian Central Bank, Muhammad Ibrahim, advocates for a more transparent process in the crypto business, emphasizing transparency in methods and people involved. 

Licensing Requirements for Exchanges

Malaysia’s Securities Commission (SC) has now framed more strict and direct regulations on cryptocurrencies. The regulation classifies digital currencies, tokens, and crypto-assets as Securities placing them under the Securities Commission’s authority.

The exchanges are required to apply for a license from the regulator to operate in the country. The exchange will be granted a license only in compliance with the regulatory rules. The exchange needs to:-

Submit investment documentation of $1.2 million paid-up capital to the Central Bank of Malaysia (Bank Negara) for approval.

Record and maintain the details of the participants and the transactions within the regulatory framework.

Comply with the AML-CTF rules and also the approach applied to ensure the monetary safety of the customers.

A work plan to collect data about their customers, their activities, etc.

The exchanges which fail to comply with the above requirements will not be issued a license and the exchanges which are operational will be subjected to closure.

Malaysian Laws require local exchanges to register with the SC and later comply with the license requirements mentioned above. They will be provided 9 months time to do so.

Crypto Taxation in Malaysia

Malaysia does not consider cryptocurrency as a capital asset, and the government of Malaysia does not accept crypto as a legal tender hence cryptocurrency in Malaysia is tax-free. The IRBM Inland Revenue Board of Malaysia has not yet issued any definitive guidelines on cryptocurrency transactions to tax. IRB has however cited section 3 of the Income Tax Act 1967(“ITA”) and can be applied on active cryptocurrency traders.  

The Inland Revenue Board of Malaysia (IRBM), also known as Lembaga Hasil Dalam Negeri (LHDN), collects money for the government. It operates under the Ministry of Finance (MOF), which manages government spending and revenue. LHDN has shared a list of specific transactions or circumstances to clarify the tax treatment for each.

Taxable crypto transactions (business/trading transactions)

Non-taxable crypto transactions (non-business/trading transactions)

Historical Events & Announcements

11-10-2023 : Hata granted approval as fifth Malaysian digital exchange.

Malaysia-based Hata receives in-principle approval from Securities Commission Malaysia (SC) to register as Recognized Market Operator (RMO) for digital asset exchange and broker. Approval enables Hata to launch services in six to nine months.

22-05-2023: Huobi Global instructed to cease operations in Malaysia

Huobi Global ordered to cease Malaysia operations by Securities Commission Malaysia for failing to register as a cryptocurrency exchange. Directed to disable website and mobile apps on Apple Store and Google Play.

28-03-2022: Malaysia Announces the country will not accept Bitcoin as legal tender.

Malaysian Deputy Finance Minister blamed the price volatility and Bitcoin’s susceptibility to cyber-attacks as the main reasons behind its unsuitability as a legal tender. The deputy minister explains further that cryptocurrencies like Bitcoin are not suitable for use as payment due to various limitations.

21-03-2022: The communications ministry of the country suggests considering cryptocurrency as legal tender “to assist the younger generation, who are frequent users of the currency, particularly on non-fungible token (NFT) trading platforms.”

28-12-2021: Malaysia’s Security commission announced more than MYR16 billion (USD3.85 billion) in digital assets and cryptocurrencies traded between August 2020 and 2021 of September. The Internet has also experienced several advances with crypto and blockchain technology leading at the same time. 

04-04-2020:– Malaysia based cryptocurrency platform, Tokenize Malaysia obtained the license from the regulatory bodies to operate legally in Malaysia.

28-03-2020:– Binance announced its own debit card and also said the initial testing will be carried out in Malaysia.

19-01-2020:- The Securities Commission Malaysia publishes guidelines on digital assets.

17-01-2020:- Malaysian Securities Commission published a regulatory framework declaring the Initial Coin Offerings(ICOs) as illegal and the Initial Exchange Offerings (IEOs) as the only legal means of conducting the token sales.

23-12-2019:- At a summit attended by the Muslim Countries, the Iranian president proposed in the creation of a Muslim Cryptocurrency to cut the dependence on the US Dollar. Malaysian Prime Minister Mahathir Mohamad is open to the idea of a unified Muslim Cryptocurrency.

06-11-2019:- Major bank HSBC has announced the enactment of a letter of credit (LC) on blockchain in Malaysia.

15-01-2019:- Malaysian’s Securities Commission announced new digital currency and digital token regulatory rules. The SC also mentioned working with the Central Bank to develop a regulatory framework for digital assets.

22-03-2018:- According to a report Published, by the deputy Governor of the Central Bank of Malaysia, Jessica Chew Cheng Lian in a speech discussed the country’s desire to implement the Fintech and Blockchain technologies in the banking sector. She also said, nine banks have collaborated to develop blockchain applications for trade finance.

06-11-2017:– The Chairman of the Securities Commission at a finance conference said that the commission is working closely with the Central bank, Bank Negara Malaysia to work on the regulations and guidelines on digital assets and cryptocurrencies. The chairman also said that they are working on a pilot program to research distributed ledger technology.

02-01-2014:- Central Bank of Malaysia announced that cryptocurrencies are not recognized as a legal tender and it does not regulate their operations. It also cautioned the public about the risks involved in dealing with cryptocurrencies.

Conclusion

After the financial crisis of the Covid pandemic, which led to losses in monetary reserves, people started seeking secure replacements for cryptocurrencies as alternatives. Over the last fourteen years, cryptocurrencies have consciously grown in value and recognition as digital currency.

The Malaysian Government has a positive approach to cryptocurrency and its business in the country. Malaysia is actively working on establishing a comprehensive regulatory framework for the crypto industry. As the landscape evolves, businesses must stay informed and compliant to thrive in this sector. The future of cryptocurrencies in the country would be brighter when firm regulations and laws are implemented.

The post Will Ethereum (ETH) Price Head Toward $4K Mark Or Plunge To $3.4K This Week? appeared first on Coinpedia Fintech News

The cryptocurrency market leader, Bitcoin price, failed to hold its price above the $70K mark and continues to display a weak price action. This resulted in top altcoins recording significant corrections in their respective portfolios over the past weekend. 

On the other hand, the altcoin leader, the Ethereum token, has followed in the footsteps of the market leader and displayed a similar trend, indicating the increased bearish sentiment in the crypto space.

Amid increased price volatility in the crypto market, will ETH price record a bullish bounce back and head toward its target of $4,000 mark or plunge toward its lower support level of $3,400 this week?

ETH Token Records Increased Bearish Sentiment:

The Ethereum coin price continues to display a weak price action by recording a correction of approximately 1% with a trading volume of +11.95% within the past day and has lost 3.68% over the past week, indicating a rising disinterest of investors in it.

TradingView: ETH/USDT

The ETH token had recorded a significant jump to its portfolio post approval of the Spot Ethereum ETF by the Securities and Exchange Commission (SEC). However, amid increased price volatility, the Ethereum price hovered close to its important support level of $3,730 for about two weeks.

Following this, the bulls lost momentum, resulting in the Ethereum crypto breaking down its support level. This indicates an increase in the bearish sentiment.

Ethereum Market Sentiments:

The Cross EMA 50/200-day shows a decline in the rising pattern, indicating a strong possibility of a bearish reversal in the coming time.

The Moving Average Convergence Divergence (MACD) displays a constant rise in the red histogram, highlighting increased selling pressure for the altcoin in the crypto space. Furthermore, the averages show a bearish trend, suggesting a negative outlook for the Ethereum token this week.

Will The ETH Price Go Up?

If the market pushes the ETH coin price above the resistance level of $3,730, the bulls will regain momentum and prepare to test its upper resistance level of $4,100 this month.

Conversely, if the bears overpowered the bulls, the price would lose momentum and test its support level of $3,400. Furthermore, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $3,000 during the coming time.

The post Cardano Node 9.0 To Be Live This June, Will ADA Price Rise Above $0.5 This Time? appeared first on Coinpedia Fintech News

Cardano is among the chains that are considered passive or also dying by many. Besides, the ADA price is also considered dead as it failed to gain a huge upswing. However, the bullish consequences of the platform continue to persist as the chain prepares for a hard fork called, Cardano Node 9.0.  This is expected to prepare the blockchain for the Cardano Chang fork, which is the road to the Voltaire era. 

No sooner than the founder, Charles Hoskinson, shared the update, the ADA price began to gain some momentum. Although no specific rise in volume was recorded, the trade set-up suggests the price is closer to undergoing a massive price action. Ever since the token faced rejection from the yearly highs close to $0.8, the trend has been under extreme bearish influence. Moreover, the rally has been stuck below $0.5 for more than a couple of months. 

Therefore, the current trade set-up suggests the price may soon witness a drop in the selling pressure as the bulls are gearing up to materialise a fine ascending trend. 

The ADA price faced a 50% pullback in the past few days, which has caused disbelief among the market participants. This has hampered the buying pressure, as the bears have held enough dominance over the rally. Despite multiple attempts, the price is constantly failing to surpass the crucial 50-day MA, which validates the bullish influence over the token. 

On the other hand, the technicals like OBV or on-balance volume, are heading towards the lower threshold. As it is a momentum indicator, sliding levels indicate the sellers have an upper hand over the buyers, and hence the trend may maintain a descending trend. Considering the chart patterns, the ADA price is stuck around the 0.382 FIB level and a pullback to 0.236 may attract fresh liquidity onto the platform. 

Collectively, the Cardano price continues to remain sluggish, with fewer possibilities of a breakout as the trend remains within a range-bound. Therefore, a 12% drop may attract fresh liquidity, which could help the price head towards 0.5 FIB above $0.5.

The post Ripple News : XRP Healthcare Appoints Whitney Lynn as New Chairman to Drive African Expansion  appeared first on Coinpedia Fintech News

XRP Healthcare, the pioneering pharma and healthcare platform based on the XRP Ledger, has announced the appointment of mergers and acquisitions specialist Whitney Lynn as its new chairman. With a 45-year background in M&A, business development, startups, investments, and leadership, Lynn’s appointment is set to bolster the company’s ambitious growth plans in Africa.

Strategic Leadership for XRP Healthcare’s African Expansion 

XRP Healthcare’s decision to bring Whitney Lynn on board aims to fuel its aggressive mergers and acquisitions strategy across Africa. Experts believe this move will enable the company to operate as a cohesive entity, reducing reliance on third parties while ensuring enhanced brand awareness and exponential growth.

XRP Healthcare Following Ripple Labs’ Footsteps 

This strategic shift follows Ripple Labs’ recent announcement to expand its African operations, highlighting the growing interest and potential in the region’s healthcare market. XRP Healthcare’s alignment with Ripple Labs’ vision signifies a concerted effort to leverage blockchain technology for transformative healthcare solutions. 

XRP Price Analysis: A Short Financial Overview 

At present, the price of XRP stands at $0.4963, with a 24-hour change of +0.4%. Over the past week, the cryptocurrency has seen a 7-day change of -4.8% and a 30-day change of -1.9%. XRP’s 24-hour trading volume is $622,632,153, and its market cap is $27,519,215,195.

XRP Healthcare’s appointment of Whitney Lynn as chairman marks a pivotal step in its expansion strategy. With Lynn’s extensive expertise and the company’s commitment to growth in Africa, XRP Healthcare is poised to make significant strides in the pharma and healthcare sector, reinforcing its position as a leader in blockchain-based healthcare solutions. 

The post US Economy on Brink: Zeberg Predicts Major Downturn and Crypto Market Fallout appeared first on Coinpedia Fintech News

Macroeconomist Henrik Zeberg has issued a stark warning about a potential severe recession in the US within the next two years. Using historical data and market indicators, Zerberg suggests that the forthcoming downturn could be the worst since the Great Depression of 1929.

Warning Signs from Market Indicators 

In a recent post on the X platform, Zeberg highlighted a Piper Sandler Recession Indicator chart comparing two-year Treasury yields with the Federal Funds Rate. The chart reveals historical patterns where shifts in market yields preceded actions by the Federal Reserve, often signalling economic declines. Currently, inflation stands at 3.4%, echoing concerning levels from the past.   

Bearish Market Structures 

The chart also emphasises the Relative Strength Index, which measures momentum in price movements. Historically, large bearish structures in the RSI have preceded significant market crashes. The current ‘Mega Bearish Structure’ indicates a similar impending decline, raising alarms about future economic stability.

Speculation of Market Dynamics 

Recent months have seen increased speculation about a potential recession as several economic indicators turn red. Generally, declining treasury yields raise investor demand for safe-haven assets amid economic uncertainty. The trend suggests growing concerns about an impending market downturn.

Projections of a Blow-Off Top 

There is speculation about a potential blow-off top in US equities and cryptocurrencies, suggesting an unsustainable surge in asset prices before an abrupt decline. This scenario typically involves rapid price increases driven by speculative buying, often leading to significant market corrections.  

Investment research platform Game of Trades has highlighted the predictive ability of the 10-year/3-month US Treasury curve, suggesting that a recession is likely to hit in the latter half of 2024. As large-cap companies lead the recent market rally and the cryptocurrency market consolidates, concerns about the timing and impact of a potential recession continue to grow.   

The post Binance Eyes Global Expansion: Targeting Korea, UAE, and Beyond appeared first on Coinpedia Fintech News

Binance is currently busy looking for new places to expand its operations. Reports state that the largest crypto exchange in the world has been strategizing its expansion options.

According to Vishal Sacheendran, Binance’s Regional Market Manager, the company plans to establish branches worldwide, from Asia to Europe and even Africa. 

Binance is particularly keen to enter the Korean market. Last year, the exchange acquired Gopax, a virtual asset exchange in Korea. However, due to the demands of financial authorities, Binance has been reducing its stake in Gopax. Despite these challenges, Sacheendran reiterated that Korea remains a very important market for Binance.

The Middle East, especially UAE, has been a key region for Binance’s expansion. These places do not restrict investment areas and support blockchain technology. Sacheendran highlighted that the UAE government has quickly taken major steps to establish crypto-support policies.

From a decentralization standpoint, operating as a branch organization makes sense. However, Sacheendran assured that this doesn’t mean Binance will never have a central headquarters. He stated that Binance is committed to revealing its headquarters’ location but emphasized that they are not in a rush to do so. 

The Asia-Pacific region, in general, also holds significant weight in the crypto market, so Binance is working on establishing branches in key countries in this region, too. However, the process involves multiple stakeholders, and according to the Regional Market Manager, it will take time to see how communications progress.

He ​​also indicated that Binance’s global expansion might not be through an exchange alone. Binance is more than just a company that runs an exchange. It is building an ecosystem in various regions, which includes educational projects and charity organizations.

Meanwhile, Binance’s founder and former CEO, Changpeng “CZ” Zhao, started his four-month prison term in California last week just as Binance Coin (BNB) broke its all-time high and the exchange hit a 200 million active user milestone.

The post ROSE And AKT Tokens To Surge 20% This Week As AI Tokens Regain Momentum? appeared first on Coinpedia Fintech News

With the increased price volatility in the crypto market, the Bitcoin price has successfully reclaimed the $69,000, resulting in a bullish rebound. Moreover, top altcoins have followed in their footsteps and displayed a similar trend in their respective portfolios.

Will the Artificial Intelligence (AI) category record a strong bullish bounce back this week amid increased price volatility in the cryptocurrency market?

Dive in as, in this article, we have covered the short-term analysis and price targets for Oasis Network (ROSE) and Akash Network (AKT).

ROSE Price Displays A Bullish Price Action:

The Oasis price continues to display a bullish price action by adding 13.18% within the past day and 16.52% over the past week. Furthermore, the AI token has added 38.58% within the past 30 days, indicating a bullish influence in the crypto space.

TradingView: ROSE/USDT

Positively, the Cross EMA 50/200-day displays a high possibility of a Golden Cross in the 1D time frame, suggesting a strong bearish sentiment for the altcoin this week.

The technical indicator, RSI, shows a constant uptrend toward the overbought range, indicating an increase in the buying-over-selling pressure in the crypto space. Moreover, the average displays a bullish convergence, suggesting a positive outlook for the Oasis coin price in the coming time.

If the market holds the ROSE price above the support level of $0.11320, the bulls will regain momentum and prepare to test its upper resistance level of $0.161. Conversely, a bearish reversal could pull the Oasis Network price toward its crucial support level of $0.08775 this month.

Akash Network (AKT) Price Analysis:

After recording a correction of 26.46% by trading under a bearish sentiment over the past month, the AKT price has displayed a positive price action by adding approximately 4% to its portfolio within the past 24 hours.

TradingView: AKT/USDT

The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating an increase in the buying pressure in the market. Moreover, the average shows a recovery in the chart, suggesting a high possibility of a bullish reversal during the upcoming weeks.

If the market pushes the AKT crypto above the resistance level of $4.327, the bulls will regain momentum and prepare to test its upper resistance level of $6.20. However, if the bears overpowered the bulls, the Akash Network price will test its support level of $3.212.

The post Byte Price Explodes 125% After Elon Musk Mention In Latest X Stream  appeared first on Coinpedia Fintech News

The AI memecoin BYTE exploded 125% in intraday trading after the tech giant and Starlink owner mentioned BYTE in his latest stream on X(Twitter). Elon Musk while testing the new X streaming feature, replied to a conversation by saying “Byte is the perfect name for AI Dog”, to which the market reacted quickly to trigger buyers. 

The name is Byte was initially inspired by Elon Musk’s announcement that he would name his pet ‘Byte’. 

Byte comes out of the blue today waning attention from trending coins like PEPE, FLOKI, QNT, ETH, ROSE, NOT, and others. BYTE is $0.00001732 at the time of writing, with a spike of 125% in 24 hours and 250% in 7 days. 

Byte coin is among the low-cap meme coins, the crypto is dramatically in a downtrend since hitting its All time high ( ATH) of $0.00006408 on March 13, ever since it couldn’t drive the investor attention that a meme coin does. 

BYTE is under high volatility, Be Careful 

BYTE is facing high volatility with this impulse price surge, the RSI high at 81.58, indicating an overbought signal bears trying to take back the RSI under the line. 

The MACD line (blue) is moving above the signal line (orange) showing a bullish trend supported by the green candles. 

BYTE Price Prediction 

The explosion in Byte price today is due to an unforeseen factor and meme coins are built to gain high marketcap by this kind of influential factor. 

Traders cannot consider this surge as an investment opportunity, but look into Byte crypto’s longer vision, community growth, liquidity, and fundamentals to get into. 

BYTE price performance is appreciated as the coin made MC of $16 million and trading volume above $2 million without any major listings.

Currently, the chart has broken the downward trendline and this could be a breakthrough to setup the buying zone by following the project news and watching other fundamentals. 

The post Ripple vs SEC: What to Expect Next in the Ongoing Legal Battle appeared first on Coinpedia Fintech News

The legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. The SEC accused Ripple of raising over $1.3 billion through unregistered securities offerings by selling XRP. As this battle continues, many are wondering what to expect next.

On the other hand, Ripple’s native coin has been hovering around $0.50 since US District Judge Analisa Torres ruled XRP is not secure, following the news that XRP surged to $0.93.

Recap Of Ripple Vs Sec Court Ruling

Initially, it seemed the lawsuit was nearing an end, the new disagreements have extended the case. On May 13, Ripple filed a motion to seal remedies-related documents, aiming to protect itself from “significant harm” that could occur if these documents were made public.

In its response on May 20, the SEC called for the court to dismiss Ripple’s request, believing this data could shed more light on Ripple’s past XRP sales and be crucial in the legal proceedings. Furthermore, the SEC accused Ripple of attempting to hide the extent of these “discriminatory” discounts.

#XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its response to @Ripple’s Motion to Seal. pic.twitter.com/zH9XYWbSsh

— James K. Filan (@FilanLaw) May 21, 2024

Ripple countered, stating that these documents are now irrelevant due to changes in their sales procedures. They also highlight that the court ruled XRP is not a security, which should differentiate it from the sale of investment contracts.

What to Expect Next?

Meanwhile, Ashley Prosper, a prominent XRP community member, believes Judge Analisa Torres could deliver her final decision between July and September 2024, with the possibility of the parties settling around that time.

#XRP #XRPCommunityAnd now we wait for Judge Torres to rule, somewhere between July – September. Or maybe the parties settle before that. Either way, we shall persevere. https://t.co/n8HUFivrGR

— Ashley PROSPER (@AshleyPROSPER1) May 6, 2024

However, Lawyer Jeremy Hogan thinks a quick resolution is possible, speculating that the parties might settle on a $100 million agreement soon. However, the SEC is seeking nearly $2 billion in fines from Ripple. 

Lawsuit Impact On XRP?

While investors remain cautious due to uncertainty about XRP’s regulatory status, causing its price to fluctuate between $0.530 and $0.4965.

Many experts predict that a favorable court ruling for Ripple could lead to a significant price surge, potentially reaching its all-time high of $3.34, last seen in 2021.

The post Top 5 Altcoins Priced Under $1 to Watch In Current Market appeared first on Coinpedia Fintech News

As the bull run of 2024 unfolds, certain altcoins priced under $1 are capturing attention. These low-cost options show promise for significant returns. With various factors at play, it becomes crucial to identify which of these affordable assets may surge next. Discover which five altcoins are identified as potential strong contenders in the current market.

CYBRO Presale: A Golden Chance for Future Gains

The CYBRO presale is drawing significant interest from major crypto investors. This innovative platform presents an exhilarating chance to significantly boost earnings regardless of market conditions.

Experts forecast a potential ROI of 1200%, with CYBRO tokens priced at only $0.025 during the presale. This cutting-edge project has already garnered the attention of leading crypto investors and influencers, showcasing strong confidence and interest in its incredible potential.

CYBRO token holders will benefit from attractive staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a comprehensive insurance program within the platform.

With just 21% of the total tokens available for this presale and about 25 million tokens already sold, this is an extraordinary opportunity for astute investors to secure their position in a standout project.

Notcoin (NOT) Price Overview: Steady Gains with Volatile Swings

Notcoin (NOT) is trading between $0.00945 and $0.03318. It has surged by 828.00% in the past month. The coin’s nearest resistance level is $0.043. The nearest support level is at $0. The RSI is 47.35 and the MACD level is -0.00043, showing balanced market sentiment. The price is in corrective moves after significant gains. Watch for potential resistance at $0.043 or further drops if support levels aren’t maintained.

Hedera (HBAR) Price Overview: Current Trends and Predictions

Hedera (HBAR) is currently trading between $0.0942 and $0.1067. The coin has seen a 1-week decline of 9.18% and a 1-month drop of 18.04%. Over the past 6 months, however, it has gained 28.32%. The nearest resistance stands at $0.1145 with support at $0.0895. With a 10-day SMA at $0.0906 and RSI at 49.37, HBAR appears to be in a corrective phase now.

Pepe (PEPE) Price Overview and Forecast

Pepe (PEPE) is currently priced between $0.00001276 and $0.00001686. The coin faces resistance at $0.00001910 and finds support at $0.00001091. Over the past week, its price has dropped by 15.90%, but it has risen 46.51% over the past month and surged 781.62% over six months. The current movements seem corrective, as indicated by its RSI of 52.123 and its recent negative MACD level. The 10-day SMA is slightly below the 100-day SMA, suggesting mixed signals.

VeChain (VET) Price Update: Current Trends and Predictions

VeChain (VET) is trading in the $0.03-$0.04 range. It faces resistance at $0.04 and support at $0.03. Over the past week, its price dropped by 3.72%, and it fell by 11.04% over the past month. However, it shows a 17.42% gain over six months. The current indicators like RSI at 50.97 and Stochastic at 42.03 suggest a neutral stance. The MACD is flat near zero. The price seems to be in a corrective move now.

Conclusion

NOT, HBAR, PEPE, and VET have less potential in the short term. However, CYBRO stands out as a unique opportunity. It uses the Blast blockchain’s yield potential. With its first release set for Q2 2024, CYBRO allows early investors to enter on favourable terms by joining the CYBRO token presale.

The post ETH Holders Accumulate 267k $ETH , Highest Daily Inflow Since March appeared first on Coinpedia Fintech News

On Thursday, large ETH holders recorded a net inflow of 267,000 $ETH , the highest daily accumulation since March. This significant move indicates strong confidence among major investors despite the current minor pullback. ETH is trading at $3,674, reflecting a phase of consolidation. The substantial accumulation suggests that large holders anticipate further price appreciation, reinforcing a bullish outlook for Ethereum.

The post Retail Demand for Bitcoin Drops to -17%: FOMC Meeting Could Spark Rally appeared first on Coinpedia Fintech News

The average monthly change in demand for Bitcoin from retail investors with transactions under $10K has dropped to -17%. Historically, a similar decline to -18% preceded a massive price surge from $40K to $70K. This pattern suggests that the current drop in retail demand could signal an upcoming rally. With the FOMC meeting on June 12th just days away, potential rate cuts could further fuel Bitcoin’s rise.

The post Best Alt Coin Presales: Finding The 5 Top Gainers For 2024 appeared first on Coinpedia Fintech News

Cryptocurrency operates similarly to stocks, where shares are traded on the stock market, while crypto coins are listed on crypto exchanges. There are two main types of exchanges: regulated ones, known as centralized exchanges (CEX), and unregulated ones, called decentralized exchanges (DEX). Coins are often sold at significant discounts during presale events to attract investors.

Investors should approach upcoming projects cautiously, as no price analysis data may be available to assess their market potential. Educating oneself about the project’s scope and foundation is crucial. The low cost of cryptocurrencies during presales can lead to exponential returns after launch. This post aims to assist investors in identifying the best altcoin presales to consider purchasing today and adding to their watchlist.

List Of The 5 Best Alt Coin Presales To Buy Today In 2024

As the cryptocurrency rally pushes all bars, we bring you some of the best alt-coin presales to invest in this year. Here is a list of the top 5 tokens:

5thScape (5SCAPE) – The Power Of AR And VR Technology

DarkLume (DLUME) – Novel Metaverse For Luxury Seekers

Betix Casino (BETX) – Best Platform For Cryptocurrency Gambling

Gas Wizard (GWIZ) – Empowering Transportation With Unrivalled Rewards

BitBot (BITBOT) – Trading Bot Transforming Web3 Culture

Best Alt Coin Presales To Buy Today Reviewed

Cryptocurrency presales offer investors a lucrative chance to acquire tokens at a discounted rate in emerging projects before their public launch. Below is an overview of the best altcoin presales worth considering for investment today.

5thScape (5SCAPE)

Embark on an adventure into the virtual realm with the 5thScape platform, featuring a vast array of VR experiences, including thrilling games, captivating movies, and enriching educational content. Continually updated by a dedicated team, 5thScape recently unveiled the highly anticipated MMA Cage Fighter game, Cage of Conquest, following its debut on the MetaQuest platform. But 5thScape goes beyond software, offering physical VR accessories like the SwiftScape chair and ultra HD VR Headset for an unparalleled immersive journey.

Visit the Presale Page of 5thScape

In its sixth round, the presale has successfully amassed $6.55 million. 5SCAPE tokens can be purchased at $0.00376 until this presale round lasts. As investors seek alternative opportunities capable of delivering 10x returns amid the crypto market’s volatility, attention is turning towards 5SCAPE, the native token of the 5th Scape ecosystem.

DarkLume (DLUME)

DarkLume presents a socio-economic metaverse empowering users to craft their ideal virtual realm. It offers a taste of luxury and modern lifestyle essentials. Its immersive virtual environment is a compelling, enticing investment in this innovative project.

The platform, supported by DLUME tokens, facilitates various entertaining and social activities within the metaverse. Blur the lines between reality and digital existence as you carve out your own space in this virtual world. Acquire citizenship in virtual nations, forge friendships, explore dating, and much more.

Check the official website of Darklume here! 

With promising new concepts on the horizon, DarkLume aims to captivate traders’ interest upon its listing. Positioned as one of the top contenders among low-cap cryptocurrencies, it’s worth considering for investment before its price escalates.

Betix Casino (BETX)

Betix Casino is disrupting the cryptocurrency landscape with its innovative approach to digital currency integration. The introduction of their BETX token in this volatile realm brings forth exciting possibilities, including daily earnings from bets and prize victories. It transcends being a mere digital token stored in a wallet. Platforms like Betix Casino, built on Binance Smart Chain, are leading the charge in the digital era of cryptocurrency gambling, reshaping the future where the gaming industry intersects with the creative potential of cryptocurrencies.

Analysts perceive BETX as a promising avenue for financial growth, offering early investors an opportunity to enhance their investments significantly. Thus far, Betix has secured a total funding of $109K.

Gas Wizard (GWIZ)

Gas Wizard is an innovative undertaking poised to revolutionize the gas and EV transportation landscape by merging purpose with advancement. Our vision is bold yet transformative: to harness blockchain technology’s power, democratize the industry, and equip drivers worldwide with unparalleled rewards and sustainable solutions. The GWIZ token drives the ecosystem forward.

Transaction fees will be covered by GWIZ tokens, granting them practicality and real-world utility. The project has initiated phase 1 of its presale, selling 20% GWIZ tokens thus far. With a token price of $0.01, Gas Wizard is projected to capture investor interest and surge.

BitBot (BITBOT)

Bitbot emerges as a dynamic trading bot poised to play a pivotal role in the Web3 revolution of 2024. With a focus on providing traders with comprehensive institution-grade tools, the bot maintains a simple and intuitive trading interface. Furthermore, its robust security measures ensure users can confidently establish their presence in the market.

Currently, in the second stage of its Presale, Bitbot has raised $391,421 out of its $410,000 target. Notably, the bot operates as a non-custodial entity, enabling users to link Bitbot to cold wallets and bypass intermediary formalities directly. For those considering participation in the presale, this represents a prime opportunity to get involved before it concludes.

Due Diligence 

Investing in the crypto space carries inherent market risks. Due to the lack of regulatory oversight from the finance sector or governance for cryptocurrencies, investments are vulnerable to irrecoverable losses in fraud, theft, or scams. It’s crucial to remain vigilant against scammers by following these guidelines:

Purchase only from licensed sellers and reputable platforms.

Avoid unsolicited offers and deals.

Refrain from investing in Uncapped or untimed ICOs.

Be cautious of ICOs that present overly ideal conditions or seem “too good to be true.”

Final Thoughts

Whether you’re an investor seeking promising opportunities or a business exploring alternative funding avenues, this article offers valuable insights to navigate the vibrant and ever-evolving landscape. It’s crucial to seek legal counsel and thoroughly evaluate companies before investing your hard-earned funds in these platforms. While the potential rewards are enticing, it’s essential to acknowledge the accompanying risks. Both 5SCAPE and DLUME tokens offer innovative and potentially lucrative prospects within the blockchain investment realm.

The post Orbit Chain Exploit: Hacker Moves $48M to Tornado Cash appeared first on Coinpedia Fintech News

In a major news in the crypto-fraud domain, the defrauder of the Orbit Chain has withdrawn a whopping $48 million and laundered it to the Tornado Cash. This comes at a time when the activity was stagnant since the first incident that occurred at the onset of the New Year celebration. The Orbit Chain cross-chain bridge was affected and millions of dollars stolen; it is believed this could be as high as $100m at the moment.

Specifically, on June 8, the hacker made seven transactions to send 12,932 ETH, or $47.7  million, to a new address according to the data from Arkham intelligence. So the address then proceeded to transfer the funds to Tornado Cash which is a crypto money launder, which helps in concealing the flow of the stolen funds. The above transactions broke down going by the Etherscan record with a batch of 100 ETH.

The hacker has not converted the $20 million in Dai (DAI) stolen, or any other assets that have been withdrawn through the cross-chain bridge. This indicates the balance they have, $71. 2 million, including $51. 1 million in Ether tokens along with other tokens of wrapped Bitcoin (wBTC), wrapped Ethereum (wETH), Orbit Chain (ORC), and USD Coin (USDC).

The exploit occurred in the final hours of 2023,  on 31st December. The next day, Orbit Chain verified the hack and has since then reported the incident to international law enforcement agencies for the attacker to be apprehended alongside the stolen assets to be restored. 

Tornado Cash, a popular cryptocurrency privacy mixer, allows users to mix their coins with others, making it difficult to trace the origin of the funds. This feature is often exploited by hackers to launder stolen assets, further complicating recovery efforts.

Also Read: Loopring Hack Exposes Vulnerability in “Most Secure Wallet,” Drains $5 Million

The post Dogecoin Price Prediction – XRP Stagnates; Rebel Satoshi Arcade Stuns With Explosive Upside Potential appeared first on Coinpedia Fintech News

Dogecoin is tipped to hit $1 at the peak of this bull run.

An XRP bounce is close despite underwhelming performance.

Rebel Satoshi Arcade, a new utility-backed memecoin, promises early investors jaw-dropping gains. Analysts predict a 65x upswing after its market debut.

The never-ending tussle between the bears and bulls continues. But the former already had their time and now the crypto market prepares for its parabolic run—not without patches of red, of course. Dogecoin (DOGE), the leading meme, prepares to hit the elusive $1.00. Meanwhile, Ripple (XRP) stalls, but a big leap is anticipated.

At the same time, Rebel Satoshi Arcade (RECQ), an up-and-coming utility-backed memecoin, basks in the spotlight. Its staggering upside potential as a low-cap gem and one of the most promising presale memecoins have been driving massive demand and interest.

Rebel Satoshi Arcade (RECQ): Massive Growth Prospect

Rebel Satoshi Arcade (RECQ) is undoubtedly one of the smartest investment decisions to make this year. Its potential as a low-cap gem is through the roof, driving both investors’ interest and demand. Further painting a bullish picture is its blend with the hottest crypto trends—memes, GameFi and NFTs.

The ecosystem will be for the rebels—investors and enthusiasts who dare to challenge the norms. It will take a community-centric approach, building an ecosystem that will include an arcade of exciting games, NFTs and merchandise. Users will have fun and earn while navigating the NFT marketplace, merchandise store and free-to-play, pay-to-play and play-to-earn battle games.

Regarding its growth prospects, the ongoing presale presents the best entry point. In the second stage of the ICO, a token is grossly undervalued at $0.0044, with analysts predicting a 65x rally after its market debut.

Dogecoin (DOGE): Aiming For $1

Dogecoin (DOGE), the first fun-inspired token and dog-themed crypto, leads the memecoin movement. It reshaped the crypto landscape after its launch in 2013, introducing a unique narrative: memecoins. Today, meme tokens are one of the biggest trends, outperforming most, if not all, narratives and taking up a big slice of investors’ portfolios.

While several  Solana memecoins and ETH memecoins have emerged since Dogecoin’s market debut, it leads the meme market. This makes it not only a favourite among retailers and newbies but also among institutions.

If historical data serves right, Dogecoin typically performs during bull runs—this shouldn’t be any different. Experts anticipate a rally past $1.00 during the peak of this bull market, making it one of the best coins to invest in. With substantial gains up for grabs, especially considering its current low price, it is no doubt a top crypto to invest in.

Ripple (XRP): Price Stagnates

Ripple (XRP), a top-ten cryptocurrency, is one of the major players in the crypto landscape. In the Layer 1 ecosystem, it facilitates cross-border payments and transactions, putting it at the crossroads between DeFi and TradFi (traditional finance).

Following the approval of ETH ETF by the US SEC in May, eyes are on a couple of top altcoins, notably Solana and XRP. However, given its unclear regulatory landscape—the SEC case drags on—an ETF isn’t in the picture, at least not now. Nevertheless, Standard Chartered remains optimistic about an XRP ETF by 2025.

Meanwhile, in the crypto market, the Layer-1 token stalls, with the bulls having little to work with—no significant development to drive the price. Nonetheless, the ongoing legal standoff is approaching its end, with the final judgment just around the corner. This will, no doubt, have a positive impact on XRP’s price—a good crypto to buy now.

Conclusion

Dogecoin is tipped to hit $1.00 at the peak of the bull run. Meanwhile, XRP stagnates but a bounce seems imminent. Additionally, Rebel Satoshi Arcade, a new utility-backed memecoin, excites investors with its significant growth prospects. To ride this huge bullish wave, this is as good a time as any to grab a bag.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

The post Solana Foundation Removes Validators Over Sandwich Attacks appeared first on Coinpedia Fintech News

The Solana Foundation has announced the removal of a group of validator operators from its delegation program over their involvement in sandwich attacks on Solana users. Sandwich attack is a type of front-running exploit where an attacker places two transactions around a victim’s transaction to profit from the price changes. Notably, Sandwich attacks are against the rules laid out by the Solana Foundation. The Solana Foundation Delegation Program was set up to help the validators operate by validating SOL tokens, removing the need to hold a substantial amount of tokens.