Cryptocurrency

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Today, the indicator has already reached 0.1%. It means that the price of Bitcoin (BTC) in the USD pair on Coinbase Pro is 1% higher compared to BTC/USDT rates on major spot exchanges.As such, the analyst highlights, this might indicate growing interest of U.S. investors in buying Bitcoin (BTC) at the current prices.To provide context, when the Bitcoin (BTC) price hit its first local high over $70,000, Coinbase Premium jumped to 0.4%. In mid-January 2022, the indicator dropped to -0.4%, data says.The upsurge of the Bitcoin (BTC) price resulted in $213 million in crypto liquidations; almost 50% of this sum were short positions.For Bitcoin (BTC) itself, the market was even more merciless to bears: 61% of liquidated positions were shorts in XBT/USD pairs.In particular, he mentioned the role of the BTC narrative in the U.S. presidential race, the exhaustion of the largest and most aggressive sellers and the absence of dangerous CeFi services.The same opinion was released by Raoul Pal last weekend. The Real Vision CEO stressed that he was not selling and only treated the drop of the BTC price between $50,000 as a “shakeout.”This article was originally published on U.Today More

The move upwards pushed XRP’s market cap up to $34.9202B, or 1.67% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $83.4407B.XRP had traded in a range of $0.5794 to $0.6408 in the previous twenty-four hours.Over the past seven days, XRP has seen a rise in value, as it gained 7.07%. The volume of XRP traded in the twenty-four hours to time of writing was $5.9378B or 6.30% of the total volume of all cryptocurrencies. It has traded in a range of $0.4327 to $0.6418 in the past 7 days.At its current price, XRP is still down 81.19% from its all-time high of $3.29 set on January 4, 2018.Bitcoin was last at $59,489.1 on the Investing.com Index, up 8.02% on the day.Ethereum was trading at $2,573.74 on the Investing.com Index, a gain of 9.42%.Bitcoin’s market cap was last at $1,171.6001B or 56.19% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $310.0187B or 14.87% of the total cryptocurrency market value. More

Also, in this context, he noticed a full reset of funding rates, activization of long-term holders after taking profits in Q2, 2024, and miner capitulation losing traction.The sentiment in the altcoin segment is highly pessimistic, which is regularly interpreted as a “necessary” phase before the next stage of a rally.In terms of macro, there are some more signs of weaker national fiat currencies ahead. In the past, this always triggered interest in Bitcoin (BTC) as a hedge against inflation and macro instability.Also, with both Bitcoin and Ethereum spot ETFs launched, large institutional holders of BTC and ETH are actively selling their bags to the new generation of investors, which is yet another evidence of strong interest.As covered by U.Today previously, prominent macro economist Raoul Pal stressed that he sold zero crypto amid the most painful phase of the collapse.Last but not least, Nadeau highlighted that all CeFi majors that contributed to the overleverage last cycle such as BlockFi, Genesis and Celsius are simply not there any longer.As such, he sees no reasons to be pessimistic about BTC and other cryptos in the long term:He concluded that given all the amount of fear on the market, what is happening today can be compared to early Q4, 2020, when Paul Tudor Jones called BTC the “fastest horse” and Michael Saylor started the MicroStrategy Bitcoin saga.Back then, Bitcoin (BTC) was surging in the $10,000-$15,000 range, while today it is at $58,000, capping off nearly 1.2% gains in the last 24 hours.This article was originally published on U.Today More

Today marks the launch of Solana Bot, a new automated tool designed to enhance Solana coin leveraging efficiency. This bot leverages advanced algorithms to streamline the leverage process, making it accessible to both novice and experienced traders. It works automatically with no work.Advancing Solana Leveraging with Solana BotThe Solana Bot combines sophisticated trading algorithms with an easy user interface, offering users a structured approach to participate in the Solana ecosystem.Key Features of Solana Bot:To begin using Solana Bot:For more information, users can visit Solana Bot Website.ContactMarketingKolina BSoldoublermail@soldoubler.comThis article was originally published on Chainwire More

With the rise of the meme coin market, Yawn introduces itself as the first meme token embedded within a $1 billion ecosystem. As part of the Boys Club, YAWN allows holders to potentially gain from its expanding brand and community-focused initiatives.YAWN aims to establish a unique position in the cryptocurrency market, leveraging advancements in technology and AI. $YAWN is supported by experienced e-commerce marketing professionals known for their success in scaling online businesses. Their involvement is expected to drive the growth and success of YAWN in both the e-commerce and crypto sectors.YAWN’s World: Merchandise and an Expansive Product LineupOne thing that sets YAWN apart from a token like DOGE or PEPE is its merchandise and supplement offerings. Available on the official Yawn E-shop (https://shop.yawnsworld.com), offerings include Sleep Gummies, Creatine, Hangover Strips, and Calming Capsules. Upcoming merchandise such as shirts, hoodies, hats, and plushies will further solidify the brand’s presence.The YAWN ecosystem will also benefit from celebrity endorsements and extensive influence campaigns across various platforms. Future developments include a YAWN Sleep App designed to optimize users’ sleep and an AI-integrated wallet featuring a chatbot to assist traders in the crypto space. Additionally, a YAWN Web3 game is under development, integrating $YAWN, NFTs, and other rewards for users.$YAWN Tokenomics and SecurityAn important aspect of the YAWN ecosystem is the tokenomics of the crypto. The total supply is 8 billion tokens where there’s a 0% tax, with no transaction fees on trades.Additionally, 80% of the liquidity is locked for 1 year. That will make sure that there is stability with a $75,000 ETH match for the first year. The project also has a 10% development fund, with a 90-day time lock that is released daily, as well as a 5% marketing fund that is 60-day time locked and also released daily.Finally, the token has a 5% centralized exchange fund. This will reserve tokens for a future listing on a CEX exchange. Any unused funds will be time-locked thereafter. Those will be used for liquidity, burning, or adding to a staking pool.Security measures are robust, with the token audited by CoinMarketCap auditor Cyberscope, ensuring focus on security during rapid growth.The RoadmapFor any crypto, the roadmap is tremendously important. YAWN features a four-phase outline:Phase 1: The first step will be the $YAWN token launch and a marketing blitz. That will allow for clear brand establishment in the crypto space. An already developed supplement and merchandise brand alongside a notable celebrity and influence ad campaign. The products will also launch on both Amazon (NASDAQ:AMZN) and TikTok shops.Phase 2: Release of a brand-new NFT collection and additional CEX listingsPhase 3: This aspect of the plan will see the launch of GPU/Node services. It will also be the phase where the YAWN AI Sleep App is unveiled. Along with the application, the ecosystem will also introduce its own AI wallet.Phase 4: This is where Web3 gaming comes in, as YAWN game development goes into overdrive. Additionally, DAO empowerment takes place, positioning the meme coin among the market’s most beloved cryptos.How to Acquire $YAWN Tokens$YAWN is available for purchase on the MEXC exchange and the decentralized exchange Uniswap. The contract address for $YAWN is 0x881d4C8618D68872fA404518B2460eA839A02a6a.Become Part of the YAWN Community For those interested in the expanding YAWN brand, joining the community offers a way to engage with and contribute to the ecosystem. Users can follow the project on its website, Telegram, X (formerly Twitter), and Coinmarketcap for updates and participation opportunities.About YAWNYAWN’s World is a pioneering meme token embedded within a billion-dollar ecosystem, merging cryptocurrency innovation with e-commerce. Supported by a team of seasoned marketing professionals, YAWN offers a diverse range of products, including supplements and merchandise, and aims to transform the meme token market with advanced AI technology and a unique product lineup.ContactJue LuSupport@yawnsworld.comThis article was originally published on Chainwire More

The gaming Layer 2 ecosystem has onboarded blockchain venture capital firms, including Spartan Group, Gumi Cryptos Capital, and HashKey Capital to bankroll its latest capital injection. Other investors in the round included Animoca Ventures, Hivemind, and Mask Network. This follows a previous seed round funded by P2 Ventures. However, the company did not disclose a valuation as part of today’s announcement. Since its establishment in 2022, Moonveil has created a Web3 ecosystem incorporating multi-game metrics.“With this funding, Moonveil is set to redefine industry standards through our top-tier, self-developed products on a ZK-powered Layer 2 chain built with Polygon CDK. Stay tuned for Moonveil’s flagship games, AstrArk and Bushwhack, and the upcoming $MORE token Play-to-AirDrop event,” M.J Wang, the co-founder and CEO of Moonveil, told Investing.com.The new funds will be used to fund growth initiatives and several experimental projects on a ZK-powered Layer 2 chain, powered by Polygon CDK. Moonveil is developing its own games, with the first two titles Astrark, an immersive tower defense mobile game, and Bushwhack, set for release soon.The Polygon CDK and aggregation layer chain solution show a lot of promise at the infrastructure level and could make Web3 adoption a reality in the future, the company said.Moonveil provides an optimized environment for hosting web3 games created by third-party developers and its in-house gaming studio.  In the long term, the developer plans to create a multi-game metrics ecosystem that includes its own games, experimental methods, and possibly third-party games.While Web3 is currently riding the wave of trends in the broader gaming industry, it remains highly competitive. Companies and projects in this space have raised the largest share of crypto VC capital in 2024 so far.Moonveil’s leadership team is made up of gaming veterans formerly with Riot Games, Tencent, Netease, Funplus, and CARV. The founders worked previously on major titles such as League of Legends, Valorant, Minecraft, and EVE Online. More

Bitcoin climbed 1% to $57,969.0 by 09:03 ET (13:03 GMT). While the token did recover from lows of around $49,000 hit earlier this week, it still remained shy of levels seen before a crippling rout on Monday. XRP rose over 18% to $0.61 after Ripple Labs, the issuer of the token, was ordered to pay $125 million in fines to the Securities and Exchange Commission.District Jude Analisa Torres, of the Southern District of New York, levied the fine on Ripple after finding that Ripple violated securities law in its institutional sales of XRP. Ripple was also slapped with an injunction to register any further sales of securities. The fine, however, was a fraction of the reported $2 billion penalty sought by the SEC, and was viewed as a “victory” by Ripple CEO Brad Garlinghouse. “We respect the Court’s decision and have clarity to continue growing our company. This is a victory for Ripple, the industry and the rule of law,” Garlinghouse said in a social media post. It was not immediately clear whether the SEC will appeal the decision. Despite Thursday’s gains, XRP still failed to fully recoup losses made over the past week. Bitcoin and broader cryptocurrency prices moved in a flat-to-low range, and were sitting on steep losses this week as concerns over slowing U.S. economic growth and rising Japanese interest rates battered risk-driven markets.While the SEC-Ripple ruling did clear a major, long-running point of contention for crypto markets, it still did not provide clarity on just what U.S. regulations will entail for the industry. Frail sentiment towards risk-driven assets also kept traders averse towards cryptocurrencies, given their highly speculative nature. World no.2 token Ether added 0.8% to $2,482.09. Meanwhile, ADA/USD fell slightly while SOL/USD edged 1.5% higher. Among meme tokens, DOGE rose 0.4%, while SHIB lost 2.7%.While the unwinding of the yen carry trade has likely paused since Monday, stabilizing risk assets including bitcoin, other risks remain, according to 10x Research’s analysts.Among the key concerns is the slowdown in U.S. consumer borrowing.The Federal Reserve’s data showed total credit outstanding increased by $8.9 billion in June, following an upwardly revised $13.9 billion in May, but fell short of the $10 billion consensus estimate. Revolving debt, primarily credit cards, fell by $1.7 billion, the largest drop since early 2021. Non-revolving debt, including student and auto loans, rose by $10.6 billion, the biggest increase in a year.Delinquency rates are also rising, indicating deteriorating household balance sheets. In the June quarter, credit card delinquencies, defined as payments over 90 days late, reached 10.93%, the highest since early 2012. Auto loan delinquencies hit 4.43%, the highest since 2021. This suggests that U.S. consumers have maxed out their borrowing capacity, posing challenges to bullish crypto narratives.”Weak U.S. consumer credit data, which dropped from $11.3 billion to $8.9 billion (below the expected $10 billion), mainly due to rare negative credit card debt and soaring delinquencies, signals a collapsing personal savings rate. This is significant for crypto as it suggests the fiat-to-crypto onramp will remain constrained due to maxed-out U.S. consumers,” 10x Research said in a note to clients seen by CoinDesk. It also highlighted the uncertainty surrounding the U.S. election, the slowing U.S. economy, and dwindling AI hype as additional risks to the crypto market. More