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Grayscale’s XRP trust has grown noticeably since launch, a development which spells positive momentum for the digital asset. As one of the leading cryptocurrency asset managers in the world, Grayscale’s decision to unveil the first XRP trust in the US last week signaled the beginning of an institutional influx of funds into the cryptocurrency. Since its debut, the Grayscale XRP Trust has performed remarkably well. Data indicates that the trust’s value has surged by 11.44%, a clear indication of strong demand…

On-chain data shows three altcoins are observing a high transaction activity from the whales after the US Federal Reserve (Fed) announced a rate cut. Whale Transaction Count Has Spiked For These Altcoins Recently In a new post on X, the on-chain analytics firm Santiment has discussed the Whale Transaction Count trend for three altcoins. The “Whale Transaction Count” here refers to an indicator that keeps track of the total number of transactions taking place on a given cryptocurrency network that…

With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana. Naturally, the direction of open interest can have an impact on the performance of Dogecoin’s price. So, what could this muted open interest mean for the meme coin’s price going forward? Dogecoin Open Interest Fails To Move According to…

Kingstown, St Vincent & the Grenadines, September 20th, 2024, Chainwire The Stashes Cryptosphere, a blockchain-focused platform, announces the upcoming presale of its Stashes ($STSH) Token, set for September 25, 2024. Designed to provide wider access to decentralized finance (DeFi) opportunities, $STSH aims to offer a user-friendly experience to a broad range of crypto participants by facilitating transactions on both the Binance Smart Chain (BSC) and Ethereum networks. Key Features of the $STSH Token Stashes ($STSH) introduces a range of features…

New York, United States, September 20th, 2024, Chainwire The Ignition AI Accelerator, a collaborative initiative between NVIDIA, Tribe, and Digital Industry Singapore (DISG), today announced that Aptos Foundation has partnered with The Ignition AI Accelerator to drive growth and advancement of AI startups in Asia. This deepens Aptos Foundation’s work to connect its expertise and Aptos-related technology with artificial intelligence solutions that are expected to be the game changer for economies and businesses. With Aptos Foundation providing industry expertise and…

Large investors seem to be upping their ante; at least, that’s the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice. On the inside, however, is key on-chain data that suggests Bitcoin whale accumulation and the reactivation of dormant wallets may be signs for a super price spike ahead. Ki Young Ju, founder of CryptoQuant, pointed to a rise in Bitcoin flowing into custody wallets, typically used by institutional players for…

Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency’s largest publicly traded corporate holder. As of September 19, the…

Veteran crypto analyst, Peter Brandt has unveiled a new bearish forecast for Solana (SOL), predicting a massive price crash to new lows around $80. Despite this grim outlook, there remains a potential for a price recovery as other analysts foresee Solana jumping as high as $208. SOL Heading For $80 Price Crash As of writing, the price of Solana just hit $150, up from an initial value of $148 and successfully breaking past resistance levels around $149. This significant price…

XRP has shown remarkable resilience recently, maintaining its position above a critical support level, though a significant price move still looms. Key data from Santiment reveals that whales are actively accumulating XRP, having purchased over $228 million in the past few days.  This aggressive accumulation suggests a growing confidence among large holders as the market rallies toward higher prices. Analysts and investors closely watch XRP, anticipating a breakout from key supply levels that could trigger a rally to new highs. …