Home Market
Category:

Market

Gainers

Bitcoin Nears $70K, BCH and BRETT Lead Gains

by Ouess
written by Ouess

Bitcoin approached the $70,000 mark for the first time since early June during Asian afternoon hours. This surge follows Republican candidate Donald Trump’s announcement of plans to make Bitcoin a national strategic asset if elected in November.

BCH and BRETT Lead Market Gains

On Monday, Bitcoin Cash (BCH) and BRETT, a new memecoin on the Base blockchain, led the crypto market gains. Solana’s SOL also jumped 6%, outperforming other major tokens. Meanwhile, BNB Chain’s BNB, Ether (ETH), and XRP saw rises between 2-5%.

BRETT USD Hourly chart

BCH Rises Despite Mt. Gox Payouts

BCH is up over 10% as Mt. Gox finishes distributing tokens to its creditors. Initially, analysts feared that BCH would suffer due to the Mt. Gox payouts, but those concerns proved unfounded.

Bitcoin and Ether See Price Increases

Bitcoin (BTC) is up 3%, trading above $69,500, while Ether (ETH) is up 4%, trading above $3300. This steady rise in BTC caused the liquidation of a $13.8 million short bet, with $11.4 million ETH shorts also wiped out, according to CoinGlass data.

Trump’s Strategic Bitcoin Plans

In a highly anticipated speech on Saturday, Trump announced plans to fire current SEC Chair Gensler, build a strategic bitcoin reserve, and prevent the U.S. from selling its bitcoin holdings if elected. He believes Bitcoin could one day compete with gold and likened it to the steel industry of 100 years ago.

BRETT and Other Memecoins See Gains

The market is reacting favorably to BRETT, a ‘mascot’ memecoin on the meme-heavy Base blockchain. BRETT, the roommate of Matt Furie’s Pepe the Frog, is up 11% in the last 24 hours. Another memecoin, POPCAT, is up 7%.

Trump-Themed Tokens Struggle

Despite Trump’s recent address at the BTC 2024 conference in Nashville, Trump-themed tokens continue to struggle. The MAGA (TRUMP) token is down 6% on the day, according to CoinGecko data, and down 18% in the last week. TREMP is trading flat, down 0.3% in the last 24 hours, and down almost 10% over the past week.

0 comment
0 FacebookTwitterPinterestEmail
Losers

Crypto Prices Today : BTC Faces $64K Turbulence, Altcoins Show Mixed Trends

by Ouess
written by Ouess

The cryptocurrency market experienced varied price movements today, stirring investor interest. Bitcoin (BTC) faced turbulence near the $64K mark but managed to stay above it. Altcoins, on the other hand, displayed mixed trends.

Market Overview

The global crypto market cap fell by 1.36% to $2.34 trillion, with a total market volume dip of 9.68% to $69.69 billion.

Bitcoin Price

Bitcoin (BTC) dropped 1.75%, trading at $63,735.70. The 24-hour range was between $63,237.75 and $65,104.66. Bitcoin’s dominance increased slightly by 0.01% to 53.85%. Bitcoin ETFs recorded $84.7 million in inflows, excluding Ark Invest’s ARKB.

Ethereum Price

Ethereum (ETH) saw a slight decline of 1.87%, priced at $3,389.99. The 24-hour range for ETH was $3,372.33 to $3,489.67. Following the $230 million WazirX hack, a significant amount of the stolen crypto has been converted to Ethereum.

Solana Price

Solana (SOL) defied the market trend with a 1.09% increase, reaching $161.06. Its 24-hour range was $155.57 to $161.59, showing notable volatility. Solana’s rise to $160 puts $3 billion worth of liquidations at risk.

SOL USD 7 day chart

XRP Price

XRP dropped 8.08%, trading at $0.5429. Despite an 80% surge in XRPL transactions due to micropayments, XRP’s price fell significantly.

DOGE & SHIB Prices

Dogecoin (DOGE) decreased by 2.32% to $0.1206. Shiba Inu (SHIB) dropped by 7.13% to $0.00001755. However, dogwifhat (WIF) stood out as a top gainer.

Top Crypto Gainers Today

  • Mantle (MNT): Up 8.01% to $0.83828
  • dogwifhat (WIF): Up 5.68% to $2.35
  • Bittensor (TAO): Up 4.77% to $335.32
  • Jupiter (JUP): Up 3.39% to $0.9509

Top Crypto Losers Today

  • Worldcoin (WLD): Down 10.51% to $2.57
  • XRP: Down 8% to $0.5559
  • Mog Coin (MOG): Down 8.37% to $0.000001887
  • Fantom (FTM): Down 8.37% to $0.4721

Hourly Update

In the last hour, BTC gained 0.76% and ETH showed a 0.58% increase, with altcoins generally following this positive trend.

0 comment
0 FacebookTwitterPinterestEmail
Gainers

Siacoin Price Surges 29% Amid Growing Demand

by Ouess
written by Ouess

Siacoin (SC) has experienced a significant price surge, rising 29% in the last 24 hours. On Wednesday, Siacoin’s price jumped to $0.005248 from a low of $0.004103.

This increase extends the gains since the altcoin hit $0.003531 on July 5. Ranked among the top 100 cryptocurrencies by market capitalization, SC’s market cap rose 27% to over $303 million. Additionally, 24-hour trading volume skyrocketed more than 2,700% to $72.7 million.

SIACOIN 7 day chart

Siacoin’s Role in Decentralized Storage

Siacoin is the native token of Sia, a decentralized cloud storage network. Sia offers a marketplace where users can rent out their unused storage space. Renters pay hosts using smart contracts with the native utility token, SC. Hosts use SC as collateral, ensuring reliability and trust. This token not only secures the proof-of-work (PoW) coin but also serves as the payment currency on the network.

Community Grant Funding

On July 9, the Sia Foundation announced new grant funding for community contributors. The foundation funds research, development, and deployment of projects that support decentralized cloud storage and the broader Sia ecosystem. The latest report from the grants committee revealed approval for four projects: S5 Network, SkyMusic 2, SiaLearn, and Sia NFS Gateway

.

Final Thoughts

Siacoin’s recent price surge reflects growing interest and demand for decentralized cloud storage solutions. As the Sia network continues to expand and innovate, SC’s role in the ecosystem becomes increasingly vital.

0 comment
0 FacebookTwitterPinterestEmail
Gainers

Tokens That Shined During The Crypto Market Q2

by Ouess
written by Ouess

BTC mining stocks, AI, and the gaming sector might stand out in the third quarter, one observer said.

Q2 Crypto Highlights

The second quarter saw three tokens – Brett (BRETT), Ton Network’s TON, and Kaspa’s KAS – emerge as notable performers. Meanwhile, Bitcoin (BTC) experienced a decline, pulling most major digital assets, including Ether (ETH), lower.

BRETT, a memecoin from the Base Chain inspired by the character Brett from Boys’ Club, more than doubled to 15 cents, becoming the top performer among the top 100 coins by market value, according to TradingView and CoinMarketCap. Toncoin (TON), the native cryptocurrency of The Open Network (TON), rose 42% to $7.65, and Kaspa blockchain’s KAS surged over 35%. In contrast, the total crypto market capitalization fell 13.8% to $2.2 trillion.

Meme Coin Mania

The rise of BRETT wasn’t an isolated event but part of a broader meme coin trend. DYOR’s Dune-based relative strength crypto narrative tracker showed the meme coin sub-sector rose over 45% in three months while others posted losses.

BRETT USDT Daily chart

Another top-performing asset was culture coin MOG, driven by positive sentiment and a cult-like following on social platforms like X. MOG’s market capitalization soared from $220 million in early April to over $700 million, briefly placing it among the top hundred tokens by that metric.

In bullish cycles, investors often rotate profits from larger coins like Bitcoin into smaller tokens like meme coins, fueling price increases and retail investor FOMO (fear of missing out). The fate of meme coins is tied to investor risk appetite and credit availability.

BRETT’s rise began in May when Bitcoin consolidated near $70,000, with its market capitalization nearing $2 billion at one point. Kenny Hearn, chief investment officer at SwissOne Capital, noted that established meme coins often hit a liquidity wall at the $2 billion mark before profit-taking and sideways volatility ensue.

TON and Telegram’s Role

TON’s surge was linked to its involvement with the messaging app Telegram, which has 1.56 billion users worldwide and 800 million active users. Justin Hyun, TON’s Director of Investments, stated, “A toncoin (TON)-based economy is starting to take root in the messaging app Telegram.”

Several factors boosted TON’s adoption, including Telegram’s pivot to TON payments for advertisements and the Open League reward program. The integration of tether (USDT) and the debut of Telegram-based game Notcoin’s digital token also increased network activity.

TON USD Daily chart

In Q2, TON’s daily active addresses rose to nearly 600,000, surpassing Ethereum. This growth was driven by the introduction of mini apps, decentralized apps embedded into Telegram. Notcoin, one of these apps, gained traction as users could “mine” Notcoin by pressing a button within Telegram. Katie Talati, head of research at Arca, highlighted that the launch of USDT on TON and Pantera’s significant investment in TON were major catalysts.

Kaspa’s Innovative Approach

Kaspa’s KAS token gained attention due to its parent proof-of-work (PoW) blockchain’s efforts to solve the blockchain trilemma (scalability, decentralization, security). Kaspa’s GHOSDAG technology processes transactions asynchronously and in parallel, enhancing performance and security while retaining PoW’s benefits.

Hearn explained that Kaspa’s approach to solving the trilemma with its DAG structure (supporting speed and scalability) and PoW security benefits has garnered strong market support. Additionally, KAS received a boost from bitcoin miner Marathon Digital’s announcement of mining KAS to diversify its revenue stream.

KAS USD DAILY CHART

Looking Ahead to Q3

Historically, the third quarter has been the weakest, with Bitcoin averaging just 5% gains over the past 13 years, compared to 60% in both the second and fourth quarters. The political landscape, including President Biden’s recent debate performance and potential replacements, might influence market sentiment.

Despite these challenges, crypto sub-sectors with strong fundamentals could continue to stand out. Hearn noted that projects like ONDO, JASMY, and ENS, which build quietly in the background and deliver on real use cases, hold long-term potential. Talati added that bitcoin mining stocks, artificial intelligence, gaming, and DeFi sectors could see growth.

0 comment
0 FacebookTwitterPinterestEmail
Losers

Cryptocurrency Market Decline: Bitcoin Slides Toward $60K

by Ouess
written by Ouess

The cryptocurrency markets are experiencing a decline today, marked by relatively low trading volumes. Bitcoin is nearing $60K, while most altcoins are also facing losses.

Source : CoinMarketCap

Bitcoin Price Slides Toward $60K

Bitcoin’s price has decreased by 1.3% in the past 24 hours, accumulating a 6% loss for the week. Currently, Bitcoin is sliding toward $60K as overall trading volume remains low. In the last 24 hours, $100 million worth of liquidations occurred, with Bitcoin leading the way at $37 million.

BTC USD Daily chart

Altcoins Bleeding Out

Large-cap altcoins are also charting declines. For instance, ETH is down 1.8%, BNB is down 1.6%, SOL is down 2.5%, and TON is down 1.7%. Others have seen more significant drops, such as UNI, which declined by 6%.

TOTLA MarketCap Excluding BTC

Meme Coins Also Decline

Meme coins have experienced similar losses, with the category as a whole down over 3% in the past 24 hours. DOGE and SHIB both declined by 1.3%. PEPE dropped by 5.2%, and BONK decreased by 3%.

Source : CoinmarketCap

Notable Performers

The worst performer today is Lido’s LDO governance token, which lost 15%. Ethena’s ENA dropped by 9.2%, followed by Starknet’s STRK, which is down 6.4%. On the other hand, Quant’s QNT token soared by 10%, making it the best performer of the day. Arweave’s AR token is the second best, with a 4% increase.

Market Overview

Trading volumes across the board have decreased to about $67 billion in the past day, which is typical for weekends. It will be interesting to see how this tight range resolves and whether the bulls will take a stand or if the correction will deepen.

0 comment
0 FacebookTwitterPinterestEmail
Press Release

VanEck Spot Ether ETF Nears Launch with SEC Filing

by Ouess
written by Ouess

VanEck has taken a significant step towards launching its spot Ether ETF by filing form 8-A with the U.S. Securities and Exchange Commission (SEC). This filing brings the investment manager closer to offering a live trading product.

Significance of Form 8-A

According to Bloomberg ETF analyst Eric Balchunas, form 8-A is a crucial part of the process to list the Ether ETF. The timing of this filing suggests that the SEC may be closer to approving the ETF for trading than many had anticipated. Balchunas noted that VanEck filed the same form for its spot Bitcoin ETF exactly seven days before it launched. If this timeline is followed, the spot Ether ETF could start trading as early as July 2.

Potential Launch Date and Market Impact

The SEC’s approval of spot Ether ETF applications from several prominent firms on May 23 was a pivotal moment. Firms such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise all received the green light. This decision came amidst ongoing speculation about the SEC’s stance on labeling Ether as a security. The approval marks a significant step towards integrating Ether into mainstream financial products, potentially boosting market accessibility and investor confidence.

SEC’s Approval and Broader Implications

The SEC’s approval of these applications, despite the regulatory ambiguity surrounding Ether, highlights a growing acceptance of cryptocurrency within traditional finance. This move could pave the way for further innovations and listings in the crypto ETF space, promoting wider adoption and potentially stabilizing the market.

0 comment
0 FacebookTwitterPinterestEmail
Press Release

Kolo Launches Crypto Card for Seamless Spending

by Ouess
written by Ouess

Kolo, a leading hybrid wallet, has announced the launch of its crypto card set for Q3 2024.

This innovative card will allow users to spend their crypto assets directly at any merchant that accepts Mastercard worldwide, simplifying the use of cryptocurrency in daily transactions. Kolo users are encouraged to join the waitlist via the website or the Telegram application bot.

Key Features of the Kolo Crypto Card

The Kolo crypto card bridges the gap between digital assets and traditional spending. It offers a user-friendly interface suitable for both experienced crypto holders and newcomers. The card enhances Kolo’s existing features, which include secure storage, cryptocurrency exchange, and spending options. Personalized crypto cards are available with both custodial and self-custody options. The card supports all major cryptocurrencies and offers competitive exchange rates, thanks to its integration with Mastercard, expanding crypto capabilities for businesses.

Global Availability and B2B Partnerships

Kolo cards can be issued worldwide, with exceptions in the US and OFAC-sanctioned countries. Kolo also invites B2B partners to offer this worldwide card solution to their communities. This approach enables crypto communities to issue co-branded cards, allowing their users to spend any digital assets, including meme coins. This initiative aims to promote broader cryptocurrency adoption and strengthen the entire cryptocurrency ecosystem.

Seamless Fiat On-Ramp/Off-Ramp Solutions

Kolo provides convenient fiat on-ramp and off-ramp options, allowing users to buy and sell cryptocurrencies using local currencies in regions such as the European Economic Area, Latin America, Africa, and Asia. Key features include:

  • Hybrid wallet for custodial and self-custodial asset storage.
  • Easy in-app cryptocurrency purchase and sale transactions with just a few clicks.
  • Compliance with international standards to ensure user protection and security.
  • Transparent fees with no hidden charges.
  • Swap by Kolo: combines CEXs, DEXs, and Liquidity Providers in a single interface with AI-based routing.
0 comment
0 FacebookTwitterPinterestEmail
Press Release

Binance to Delist Several Spot Trading Pairs on June 28

by Ouess
written by Ouess

Binance, a leading cryptocurrency exchange, regularly reviews its listed spot trading pairs to protect users and ensure a high-quality trading market. Based on the latest reviews, Binance has decided to delist several spot trading pairs.

Reasons for Delisting

Spot trading pairs may be delisted for various reasons, including poor liquidity and low trading volume. These reviews help maintain a healthy trading environment on the platform.

List of Affected Trading Pairs

As a result of the most recent review, Binance will cease trading on the following spot trading pairs on June 28, 2024, at 03:00 (UTC):

  • BLUR/FDUSD
  • LINK/TUSD
  • MEME/ETH
  • METIS/FDUSD
  • NFP/BNB
  • OSMO/BTC
  • SHIB/TUSD

Important Notes for Users

The delisting of these pairs does not affect the availability of the tokens on Binance Spot. Users can still trade the base and quote assets of the delisted pairs through other available trading pairs on Binance.

Actions Required for Trading Bot Users

Binance will also terminate Spot Trading Bots services for the delisted pairs on June 28, 2024, at 03:00 (UTC). Users are advised to update or cancel their Spot Trading Bots before this time to prevent potential losses.

you can check the official announcement via the following official Link :

https://www.binance.com/en/support/announcement/notice-of-removal-of-spot-trading-pairs-2024-06-28-3d9bdfbcdd5c4bc5801fb67765c5a15d

0 comment
0 FacebookTwitterPinterestEmail
Press Release

Mt.Gox Bitcoin Repayments Begin July 2024

by Ouess
written by Ouess

The defunct crypto exchange, Mt. Gox, is set to start returning over 140,000 Bitcoin to victims of the 2014 hack. This significant repayment plan has been in the works for years, with many deadlines being moved continually.

Repayment Plan Details

Mt. Gox announced that repayments will commence in the first week of July 2024. The Rehabilitation Trustee, Nobuaki Kobayashi, confirmed in a statement that repayments would be made in Bitcoin and Bitcoin Cash. Before the payments are processed, due diligence and safety steps will be required.

Market Impact

These repayments are expected to add selling pressure to the Bitcoin market. Early investors will receive assets at a much higher value than their initial investment before 2013, making them likely to sell part of their holdings.

Historical Context

Mt. Gox was once the leading crypto exchange, handling over 70% of all Bitcoin transactions. In early 2014, hackers attacked the exchange, resulting in the loss of approximately 740,000 Bitcoin, valued at $15 billion at current prices. This hack was the most significant among several attacks on the exchange between 2010 and 2013.

Repayment Plan Progress

Trustees have been working on the repayment plan for several years, with a deadline set for October 2024 by a Tokyo court. In May 2024, Mt. Gox moved over 140,000 BTC, worth around $9 billion, from cold wallets to an unknown address in 13 transactions. This marked the first on-chain wallet movements in five years.

0 comment
0 FacebookTwitterPinterestEmail
Press Release

Aleph Zero Unveils EVM ZK-Privacy Layer and zkOS

by Ouess
written by Ouess

Aleph Zero has launched the first EVM-compatible ZK-Privacy Layer, capable of generating zero-knowledge proofs in under a second on consumer-grade devices. Powered by Arbitrum Orbit on Gelato RaaS, this development enhances on-chain privacy by making it virtually instantaneous.

Introduction of zkOS

Aleph Zero introduced zkOS, a suite designed to integrate on-chain privacy into various Web3 applications. This client-side, chain-agnostic system offers Privacy-as-a-Service (PaaS) through easy app integrations on WASM and EVM-compatible networks.

Enhancing User Privacy

zkOS enables private transactions and interactions with dApps without compromising data. It supports high-throughput applications like privacy-preserving DeFi, real-world assets (RWAs), AI, and enterprise solutions, extending privacy tech to a broader audience.

Market Impact and Growth

These technologies open Aleph Zero’s ecosystem to EVM users, marking a significant step toward multichain growth. Aleph Zero’s WASM Layer 1 blockchain will serve as the Data Availability layer for the new Layer 2 EVM and its applications.

Developer Testnet Launch

The ZK-Privacy EVM Layer 2 Developer Testnet is now live, inviting developers to build and test applications. The Developer Mainnet release is planned for Q3 2024.

Collaboration with Gelato

Aleph Zero’s EVM ZK-Privacy Layer 2 rollup on Ethereum is built in partnership with Gelato, using Arbitrum Anytrust DAC technology. This setup supports block times of up to 250ms with near-instant transaction finality, processing thousands of transactions per second.

Advanced Privacy Features

Aleph Zero’s zkOS uses the Halo2 with KZG commitment scheme for speed and a universally trusted setup. The zkToolkit simplifies integration, ensuring high performance across existing apps in Aleph Zero and Ethereum ecosystems. Initial benchmarks show zkOS zero-knowledge proofs executing in 600-800 ms on standard devices using browsers like Safari or Chrome.

Development Roadmap

The EVM Testnet is available now, with the Mainnet release expected in Q3 2024. The zkOS MVP is anticipated by Q3 2024, with advanced features by Q1 2025. For more details, visit alephzero.org.

Use Cases

Confirmed use cases with Aleph Zero and zkOS include:

  • Holyheld: Enhancing card payments with privacy tech.
  • DRKVRS: Adding privacy to an action RPG game.
  • Rarible: Integrating with Aleph Zero.
  • See3: Building a new crypto-native ZK content standard.
  • idOS: Managing personal data access for dApps.
  • Pieces.market: Compliant investment in fractionalized luxury RWAs.
  • Upcade.xyz: Setting new standards in Web3 gaming.
  • Common: Expanding its Private DeFi Suite via Aleph Zero.

Aleph Zero continues to push blockchain privacy boundaries, enhancing user experience and application performance.

0 comment
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
Social Media Auto Publish Powered By : XYZScripts.com
Skip to content