Cryptocurrency

U.S. rate jitters sparked strong overnight gains in the dollar, which pressured crypto prices across the board.Bitcoin slipped 0.35% in the past 24 hours to $69,390 by 09:05 ET (13:05 GMT). The world’s biggest cryptocurrency settled back into a trading range seen for most of the past two months, after a brief breakout earlier this week.World no.2 token Ether hovered around two-month highs hit earlier this week, retaining a bulk of gains made on hype over the potential approval of a spot Ether ETF for U.S. markets. The Securities and Exchange Commission is set to make a decision on the matter as soon as Thursday or Friday.Ether rose around 5.5% over the past 24 hours to $3,878.84. The token marked a strong rally this week after reports on Monday said the SEC had asked certain exchanges to fine-tune their filings for spot Ether ETFs.While the move did mark some progress towards a spot ETF approval, it did not guarantee their approval. The SEC is now set to decide on applications for a spot Ether ETF from VanEck, ARK Investment Management and seven other issuers later on Thursday or Friday. According to QCP Capital, the approval of spot ether ETFs in the U.S. could potentially drive a rally of up to 60% in the second-largest cryptocurrency in the coming months.The forecast mirrors the market reaction seen after spot bitcoin ETFs were approved in January, said the Singapore-based firm in a Thursday broadcast on Telegram. Bitcoin surged from $42,000 to over $73,000 within two weeks of the ETFs beginning to trade on January 11, as per CoinGecko data.”With Friday implied volatility above 100%, the market is expecting fireworks,” QCP said.”VanEck’s ETF has been listed by the DTCC. We think approval is now highly likely with trading expected as early as next week,” it added.Implied volatility measures the market’s expectation of future price fluctuations for a financial instrument.Broader cryptocurrency markets unwound a bulk of gains made earlier this week, as fears of high for longer U.S. interest rates ramped up following some hawkish signals from the Federal Reserve.The minutes of the Fed’s late-April meeting showed increasing concerns among policymakers over sticky inflation, with some members even signaling they were prepared to hike rates to quell inflation.A slew of Fed officials also warned this week that the bank had little confidence that inflation was easing steadily towards its 2% annual target. While the chances of another rate hike are dim, any stickiness in inflation is likely to delay the Fed’s plans to begin trimming rates. High for long rates bode poorly for crypto markets, given that the sector usually thrives in low-rate, high-liquidity markets. Altcoin prices mostly fell on Thursday. SOL shed 2.5%, while XRP lost 1%. Among meme tokens, SHIB fell 0.5%, while DOGE climbed 0.3%. More

Orderly Network has partnered with Quickswap, the leading DEX on all Polygon chains, to launch QuickPerps: Falkor, a next-generation decentralized Perpetual Exchange. This integration unlocks a new level of functionality for DeFi traders on Polygon PoS, with key benefits powered by Orderly’s innovative omnichain vaults:A Perfect Match for DeFi GrowthPolygon PoS’s fast network, cheap fees, and large user base (over 400k daily active users) create the perfect environment for DeFi to thrive. Orderly’s robust infrastructure, combined with Quickswap’s reach and Polygon PoS’s scalability, positions this collaboration as a major step forward for omnichain trading and DeFi on Polygon PoS.Orderly Network is a combination of an orderbook-based trading infrastructure and a robust liquidity layer offering spot and perpetual futures orderbooks. Unlike traditional platforms, Orderly doesn’t have a front end; instead, it operates at the core of the ecosystem, providing essential services to projects built on top of it.Orderly Network’s DEX white-label solution is carefully crafted to save builders time and capital while granting access to our bootstrapped liquidity. Picture having the best features of CEXs while keeping settlements on-chain and maintaining full self-custody.With Orderly, anyone can create a trading application thanks to our seamless plug-and-play experience leveraging our liquidity and composability.Looking ahead, Orderly Network’s grand vision is to create an omnichain protocol, connecting traders from both EVM and non-EVM chains within the same orderbook.For more information, users can visit Orderly Network’s: Official Website | Twitter | Telegram | Discord | LinkedinContactChief Vibes OfficerDrew PiersonOrderly Networkpr@orderly.networkThis article was originally published on Chainwire More

MANTRA, a Layer 1 blockchain solution for Real World Assets (RWA), today announced a strategic investment from Laser Digital, Nomura’s digital asset subsidiary.This additional investment, extending the recent funding round, aims to accelerate MANTRA towards its goal of becoming the de-facto RWA Layer 1 blockchain for Middle East and Asian markets and marks a collaboration with Laser Digital, bringing their complementary expertise and pertinent experience of RWA tokenization to the partnership. Additionally, Laser’s footprint in the Middle East is firmly established, having been granted a Virtual Asset Broker-Dealer license and a Management and Investment Services license from Dubai’s Virtual Asset Regulatory Authority last year and has In-Principle Approval by the FSRA of Abu Dhabi Global Market.About MANTRA MANTRA aims to be the world’s leading RWA L1 blockchain, designed to adhere to and enforce real world regulatory requirements. By accelerating the adoption of tokenized RWAs, MANTRA has the potential to unlock the US $16 trillion RWA economy with a regulatory-ready blockchain. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability.For further information, please visit https://www.mantrachain.io/Website | X | LinkedIn | Telegram | Medium | InstagramAbout Laser Digital Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, to move swiftly to capitalisation, and to share learnings with clients and partners – bringing greater confidence to the institutional market for the benefit of all. For more information, please visit: https://www.laserdigital.comContactMarketing LeadChristoph Lidmanpress@mantrachain.ioThis article was originally published on Chainwire More

Dora Factory, the leading decentralized governance infrastructure, announced the closing of another $10 million strategic raise. Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital, and nine other renowned institutional investors joined the round. The raise will accelerate the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods funding tech stack.Dora Factory is a leading infrastructure focused on decentralized governance and public goods technology. Its core products include the flagship Public Good Staking infrastructure, which enables block incentive driven ecosystem funding; Dora Vota, a Cosmos SDK appchain hosting dGov protocols; anonymous MACI and general MACI, the privacy-preserving, collusion-resistant zk voting infrastructure, and the multi-chain Quadratic Governance protocol stack, the on-chain mechanism that democratizes public goods funding. Last week, the Cosmos Hub community approved governance proposal No.917 and a $1 million grant to AEZ Quadratic Grant to run ten rounds of Quadratic Funding in the next 24 months via Dora Factory’s Voting appchain, Dora Vota. All of the funding will be distributed to public good builders and start-ups in the Cosmos Hub and related ecosystems building a prosperous ATOM Economic Zone.Earlier this year, Dora Factory announced its first strategic round led by dao5, a new venture capital firm founded by former Polychain General Partner Tekin Salimi, and Whampoa Digital, co-founded by Amy Lee, a former senior partner at Lee & Lee, a Singapore law firm started by Lee Kim Yew and Singapore’s first prime minister, Lee Kuan Yew and his wife. Prior to this, Dora Factory had raised a total of $17.5 million in 2021, with investors including Binance Labs, HashKey, and The LAO.”Building leading public goods funding and governance infrastructure is a critical step for the Dora team to advance the global hacker movement and drive frontier tech innovation,” said Eric Zhang, Architect of Dora Factory. “We are humbled to receive much support from our ecosystem partners and the Web3 community. In fact, decentralized governance has a deep and interesting tech stack, and we are still at a very early stage. There are a lot of exciting developments ahead. The work from Dora Factory during the past three years has laid a solid foundation for them.”Since its founding in 2020, Dora Factory has dedicated itself to the research and development of decentralized governance infrastructure and applications. Over 2,000 startups have secured $20 million in grants on-chain with Dora Factory’s infrastructure.Over 30 Web3 ecosystems, including Aptos, Celestia, Injective, Klaytn, and Akash, have worked closely with Dora Factory as their core ecosystem partner and adopted Dora Factory’s protocol stacks. Through Public Good Staking, an innovative initiative created by the Dora Factory team in 2022, they have provided long-term, block-native, sustainable funding support to public goods builders and early-stage developer teams. “The assets under governance for on-chain communities has grown to a hundred-billion dollar scale. Now is the golden era for governance technology,” said Erick Zhang, Partner of Nomad Capital. “Dora Factory has become the industry’s cornerstone public goods infrastructure after four years of dedicated development and iteration. We are thrilled to support the Dora team in their mission to empower developers, foster innovation in the Web3 space, and expand the adoption of new technologies, including aMACI, through this investment.””Dora Factory’s development of Dora Vota and anonymous privacy voting technology demonstrates their leadership in Web3 governance and public good funding. This is a crucial piece of blockchain’s value proposition, and we recognize their impact with millions of votes cast and over 2000 projects receiving funding via QF. Our investment is a first step in continuing to support their effort.” said Gin Chao, Founding Partner of No Limit Holdings. “With support from new investors, we are excited to grow the Dora Factory ecosystem further. Our plans include innovations in multi-chain quadratic funding and Public Good Staking, encouraging developers to expand the use cases of anonymous MACI, and building new governance apps on Dora Vota. Our goal is to deliver a suite of products that provide an exceptional experience for on-chain communities and teams working on frontier technologies,” commented Steve Ngok, core contributor to Dora Factory.About Dora FactoryDora Factory builds protocols and infrastructures to enable decentralized governance and efficient funding for the global hacker movement, open-source communities, and Web3 public goods. Dora Factory’s flagship Public Good Staking is one of the fastest-growing multi-chain staking infrastructures, providing block-native incentives to grow the next generation of blockchains. Dora Vota is a special-purpose blockchain for decentralized governance, supporting general MACI interface, anonymous MACI, and quadratic governance rounds.To use Dora Factory products, go to DoraFactory.org.For more information, visit research.dorahacks.ioContactCommunity contributorChris LeeDora Factorywinniedrinkwater@gmail.comThis article was originally published on Chainwire More

As the deadline for the SEC to reveal its decision on spot Ethereum ETFs is drawing closer, Mow began to slam Ethereum-based ETFs. In a recent tweet, this “$1 million Bitcoin” advocate wrote that he is expecting them to be beaten by Bitcoin-based ones.Besides, he believes now is the last time for holders to sell Ethereum at a good price against Bitcoin.For those who are in doubt, the Bitcoin maximalist suggested comparing demand for both BTC and ETH on other markets and said it is important to consider that Ethereum will not give staking rewards.Mow concluded his tweet by saying that now is “the last chance to sell ETH above 0.05 BTC.”In the comments to his root tweet, Samson added that he expects the news of the potential approval to become one of the biggest “sell the news events” this year.When a commentator pointed out that there is no company of the scale of MicroStrategy, which is acquiring Ethereum now in the same amounts as Michael Saylor’s company, is accumulating Bitcoin.Contrary to Mow, Bitcoiner and VC investor Anthony Pompliano believes that the potential approval of Ethereum ETFs by the SEC could become “the last dam to be broken” before the U.S. approves the entire cryptocurrency space.The BlackRock (NYSE:BLK) fund remains the leader among ETFs, with $92 million coming into it on Wednesday. On May 21, BlackRock’s IBIT had the largest inflow over the past 32 trading days – $291 million.This article was originally published on U.Today More

This article was originally published on U.Today More

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is taking a leading role in the marketplace transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies.Multipool PartnershipsMultipool is supported by some of the industry’s best companies, including BSO, Mobilum, NxGen, Hacken, and IMMIN8 Labs. Leveraging their knowledge, contacts, experience and expertise, Multipool aims to make waves in the industry and give users the opportunity to never have CEX again.To learn how to participate in the Fjord Foundry LBP, refer to the guide here.For more information on Multipool and its features, please visit:Website – www.multipool.financeTelegram – t.me/multipoolfiX – www.x.com/multipoolfiAbout MultipoolMultipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.Multipool is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactPublic Relations ManagerAngie HermosaMultipoolpress@multipool.financeThis article was originally published on Chainwire More

Crypto analyst Ali has identified a key supply zone for Bitcoin, situated between $70,180 and $70,600, where over 450,000 addresses have collectively acquired approximately 273,000 BTC. The supply zone is an important area on the price chart that often acts as a barrier to upward price movements. It is where a large number of Bitcoin was previously bought, and holders may look to break even or take profits, potentially leading to increased selling pressure. Following a steady rebound from May 1 lows of $56,500, Bitcoin reached highs of $71,980 on May 21 before encountering resistance. At the time of writing, BTC was sustaining its declines from the prior day, down 1.91% in the last 24 hours to $69,998. If Bitcoin manages to break above the $70,600 level with strong volume, it could signal a continuation of the bullish trend. This would likely attract additional buyers, pushing the price higher and potentially establishing a new support level.On the other hand, if Bitcoin faces significant selling pressure within this range, it could lead to a price rejection and subsequent pullback. This scenario would indicate that many holders want to realize profits, resulting in temporary resistance.Another possibility is that Bitcoin consolidates below this range for a while. This would imply a balance between buyers and sellers ahead of a major price movement.As Bitcoin considers its next move, price behavior around the $70,000 mark would be closely watched given the sheer volume of BTC accumulated in this area. Based on the MVRV Pricing Bands, Ali believes that if Bitcoin continues to trade above $65,125, the next local BTC peak before a temporary drop around $77,593.This article was originally published on U.Today More