In a June 1 announcement, Sui said it would be the official blockchain partner of the racing team, scheduled to compete in Spain on June 4. Greg Siourounis, managing director of the Sui Foundation, said the partnership was aimed at “demonstrat[ing] how web3 enables human connections,” while the announcement suggested “immersive digital experiences” for fans in the coming months.Continue Reading on Coin Telegraph More
The shutdown of deposits and withdrawals is tied to previous developments impacting Binance in Australia. In February, Binance’s local derivatives arm abruptly notified its users that certain positions and accounts would be closed for those who didn’t meet the requirements to be considered wholesale investors. Continue Reading on Coin Telegraph More
In a May 31 filing in the United States District Court for the Southern District of New York, the investors claimed Musk used his social media following on Twitter as well as media appearances to profit off trades of DOGE through an “undisguised course of cryptocurrency market manipulation.” According to the complaint, Musk profited off DOGE trading at the expense of other investors by causing the price of the token to spike through actions including changing Twitter’s logo to the Dogecoin logo.Continue Reading on Coin Telegraph More
The new ATH market cap for USDT comes in a year when other stablecoin issuers struggle to stay afloat due to regulatory woes. The same was pointed out by cryptocurrency exchange Binance’s CEO Changpeng “CZ” Zhao.Continue Reading on Coin Telegraph More
Data from Cointelegraph Markets Pro and TradingView confirmed a lackluster end to May for BTC/USD, which slid below $27,000.Continue Reading on Coin Telegraph More
In March, the introduction of the latest version of ChatGPT — ChatGPT-4 — further propelled AI into the mainstream. However, generative AI chatbots have long grappled with factual accuracy, occasionally generating false information, commonly referred to as “hallucinations.“ The efforts to reduce these AI hallucinations were announced through a post on OpenAI’s website.Continue Reading on Coin Telegraph More
In the last seven days, Ripple (XRP) has singled itself out from the trend displayed by the broader crypto market. For assets in the top 10 as per market capitalization, it has been a season of consolidation and downturns.However, the token performance decoupled from Bitcoin (BTC), as it registered a 12.29% hike, CoinMarketCap revealed. Interestingly, this was a milestone it has struggled to reach in almost 90 days.LDO/USD 7-Day Price Chart (Source: CoinMarketCap)The significant price movement indicates renewed interest in the token and buying pressure. And if continued, it could lead to further upward momentum. But the question is— are bulls committed to this cause?From the technical perspective, there seems to be a strong buying pressure that has triggered the price increase, based on the Directional Movement Index (DMI). As of this writing, the +DMI (green) was 33.61. Its opposite number, the -DMI (red), was 12.84.On the other hand, the Average Directional Index (ADX) was 20.64. The ADX (yellow) acts as a measure of the directional strength of a cryptocurrency. When the value hits 25 or above, it means that there is solid support behind a movement.But if the indicator trends below the value mentioned, it implies a weak directional strength. So, as it stands, XRP buyers may have slowed down the initial pressure that brought about the hike in price.LDO/USD Chart (Source: TradingView)Meanwhile, it is also important to note that the bullish divergence caused by the lower lows from $0.48 to $0.41 also had an effect on the mild rally. The failure to reach a new low demonstrated bears’ loss of control and the bulls’ authority claim.Furthermore, the Bollinger Bands indicated that XRP’s volatility had reached an extremely high level. But there was another thing of note— the price at the time of writing had touched the upper band.When this happens, it reflects how the token has reached an overbought level. However, if the price touches the lower band, it means that the token had reached an oversold level. But since the former was the case, there could be a chance of an XRP price reversal.LDO/USD Chart (Source: TradingView)In addition, XRP’s recent rise has had some influence apart from the technical outlook. One notable macro factor that has impacted the price is the long-standing case with the U.S. SEC. And of course, whale accumulation.Lately, the XRP community has shown confidence in a victory. Besides, there was speculation that the court case could end soon in Ripple’s favor after a recent interview with CEO Brad Garlinghouse.Concerning XRP’s short-term price, the rally has a tendency to continue. However, market participants should be wary of buying action, as bulls may begin to take profit.Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.The post XRP Rises in the Backdrop of Downtrend, Are the Bulls Charging? appeared first on Coin Edition.See original on CoinEdition More
The ability of Chrome extensions to customize and personalize the surfing experience is one of their main advantages. Users have access to a large selection of extensions designed to meet their unique requirements and preferences. These extensions enable people to customize their browser environment to their needs, whether it be for job management, bookmark organization, distraction prevention or accessing helpful information.Continue Reading on Coin Telegraph More
