Wed, May 22, 2024

Crypto trading

Hamster Kombat: 8M Users Fuel Telegram’s Crypto Gaming

Quick Look: Hamster Kombat gained 8 million users in four weeks, with 2.8 million daily active users. The game encourages players to share and recruit friends, driving viral growth. Uses Telegram’s Layer-1 Blockchain, TON, enhancing the gaming experience with real-time incentives. Telegram has solidified its position as a key player. Originating in 2013, when Nikolai …

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Ethereum Dominates While Competitors Grow Rapidly, ether

Ether Rallies 20% on Renewed ETF Optimism

Quick Look: Ether surged 20% on renewed optimism for SEC approval of Ethereum ETFs. The SEC’s request for document updates from ETF issuers has boosted investor confidence. With ETH leading, the broader cryptocurrency market is rising, influenced by the SEC’s pending decisions. Investor sentiment has notably shifted as the U.S. Securities and Exchange Commission (SEC) …

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Solana SOL

SOL Surges 50% in May, Hits $170 High

Quick Look: SOL surged from $112 to $168 in May, reaching $170 recently, marking a 50% increase.  Key support at $160; resistance at $210 could yield 24% gains if broken.  Surged due to meme coin trading, DeFi activity, and Jump Crypto’s Firedancer launch. In recent weeks, Solana (SOL) has demonstrated exceptional market performance, defying broader …

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Genesis, Gemini

Genesis to Return $3B in Bankruptcy Liquidation Plan

Quick Look: Genesis Global Holdco LLC’s liquidation plan, promising $3B to creditors, has court approval. Genesis filed for Chapter 11 in January 2023 due to losses from Three Arrows Capital and FTX collapses. The plan covers 77% of customer claims, distributing $3B in cash and cryptocurrency. Genesis Global Holdco LLC and its subsidiaries filed for …

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Coinbase Closes for Four Weeks - Staff Recharge

Coinbase Falls to $202.49 as CME Eyes Spot Bitcoin Mark

Quick Look: Coinbase shares fell nearly 8% to $202.49 amid CME’s potential entry into spot bitcoin trading. CME, a major bitcoin futures exchange, is exploring spot bitcoin trading, posing competition to Coinbase. Despite Coinbase’s dip, the CoinDesk 20 Index rose by 0.91%, with Bitcoin up 0.5%. Spot bitcoin ETFs saw over $50 billion in investments …

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Cryptocurrencies, bittorrent

Senate Votes 60-38 to Repeal SEC’s Crypto Policy

Quick Look: The Senate voted 60-38 to repeal SEC’s SAB 121, following a House vote of 228-182. President Biden plans to veto, citing investor protection and financial stability concerns. Repeal supported by 12 Democrats and 48 Republicans in the Senate, showing a significant partisan split. The U.S. Senate has voted to repeal the Securities and …

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Bitcoin, bch

Bitcoin Surges 7.5% to $66,250, Eyeing Global Rate Cuts

Quick Look: Bitcoin’s price soared over 7.5% to $66,250, its best day since March 20, driven by weak US economic data. Anticipated US and European Central Bank rate cuts in June and September fueled investor optimism. Global monetary easing trends bolstered cryptocurrencies, with Bitcoin reaching $66,442.31 by late Wednesday. On Wednesday, Bitcoin surged over 7.5% …

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Crypto - luna, bonk

Floki Jumps 10%, Hits $0.00021 Amid Market Listings

Quick Look: Floki’s price rose to $0.00019, indicating a bullish trend with a 10% increase over the past week. Listings on Kraken and other platforms have significantly boosted Floki’s exposure and trading volume. Watch for resistance at $0.000222 and support at $0.000177, pivotal for future price direction. As of today, the cryptocurrency Floki has demonstrated …

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Important Details About European and Asian Stocks, Celestia

BlockDAG Raises $25.7M in Presale, Sells 8.9B BDAG Coins

Quick Look: Successfully raised $25.7M in presale, selling 8.9 billion BDAG coins. Partnership with Metamask boosts market presence and user trust. Anticipates $0.001 to $0.0075 price jump post-ICO, a 650% increase. BlockDAG’s roadmap outlines a series of enhancements to refine the underlying technology. Moreover, the planned introduction of a peer-to-peer engine and sophisticated algorithms for …

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crypto coins, floki

Floki Token Jumps 17% to $0.0001883 Amid Market Surge

Quick Look: Floki (FLOKI) surges by 17% in 24 hours, reaching $0.0001883, with a target of $0.00020. Technical indicators show bullish trends, with MACD near zero and RSI at 47.5. Market dynamics saw a 55.85% increase in trading volume; total derivatives volume was up by 91.90%. Floki (FLOKI) has experienced a substantial surge, recording a …

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pepe

PEPE Market Cap Hits $4.31 Billion Following 34% Surge

Quick Look: Keith Gill’s return to social media sparked a 34% surge in PEPE cryptocurrency, raising its market cap to $4.31 billion. Technical analysis shows PEPE resilient, with forecasts suggesting a potential rise to $0.000013 by the end of May. Memecoins demonstrate volatile yet significant market influence due to social media and influencers. In June, …

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rndr

RNDR Price Hits $10.93: 20% Rise and 3% Dip Explored

Quick Look: RNDR Price experienced a sharp 20% increase, then a 3% dip, settling at $10.93. Surge and correction dynamics show a 27% decline from the peak, affecting market cap and trading volumes. Significant whale transactions and mixed market indicators suggest continued volatility. Render Token (RNDR) has recently demonstrated significant volatility. It has experienced a …

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Toncoin - TON

TON Growth: $23.9B Market Cap and 20% Weekly Increase

Quick Look: Toncoin shows a trading price of $6.88 with a recent 20% weekly rise, though trading volume fell by 64%. Enhanced by its Telegram integration, the recent launch of the Notcoin game attracted 34 million players. Analysts forecast a price target of $10, with current and upcoming support levels at $6.2 and $6. Toncoin …

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cryptocurrency

Toncoin: Listing And Partnership Spurs $20.9B Market Cap

Quick Look: Toncoin is now trading on HashKey, enhancing visibility and market stability. Collaboration with HashKey Group boosts TON’s infrastructure in Asia-Pacific. Recent price jump to $6.04, with a 25% increase over the week, pushing the market cap to $20.9 billion. Toncoin has marked significant milestones with its recent listing on HashKey Exchange. Besides, the …

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bitcoin

Bitcoin Falls to $57,000, Market Shrinks by 2.3%

Quick Look: Bitcoin and Ethereum prices fell by 3% and 1.5%, respectively, amid broader market corrections. Market liquidations reached $145 million, with Bitcoin accounting for $40 million. The GM 30 Index, reflecting the health of global cryptocurrencies, dropped by 2.98%. In the past 24 hours, the cryptocurrency market has witnessed significant price adjustments, with major …

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