Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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ExchangePawFury Presale Raises $2M, Prepares for Major Exchange Listings
Traditional crypto projects such as Bitcoin and Solana have to share the glory with the booming memecoin market, captivating investor interest. The cryptocurrency market is evolving rapidly, and the rise of memecoins is forcing established projects to share the spotlight. Investors recognise that massive profit potential lies in the memecoin market. PawFury ($PAW) is leading the memecoin surge with its incredible presale success. PawFury ($PAW) Leads to Memecoin Boom PawFury has quickly entered the ranks owing to its massive presale…
1 year ago
Shiba Inu Surpasses BTC and DOGE, Emerges as Top-Traded Coin on India’s Leading Exchange
The recent data released by WazirX indicates that SHIB was the most traded token on its platform throughout the month of April. Since its listing on WazirX in May 2021, Shiba Inu has consistently been among the top-traded assets on the platform. Shiba Inu (SHIB) has surged in popularity among crypto traders in India, dominating the trading scene on WazirX, one of the leading cryptocurrency exchanges in the country. The recent data released by WazirX indicates that SHIB was the…
1 year ago
BTCC Exchange Launches World Trading Competition with Record-breaking 10M USDT in Prize Pools
[PRESS RELEASE – Vilnius, Lithuania, May 6th, 2024] BTCC Exchange, the world’s longest-serving cryptocurrency platform, announces the BTCC World Trading Competition (BWTC) 2024 kickoff, featuring an unprecedented prize pool of 10 million USDT. This global competition, organized into three main categories, invites participants worldwide, underlining BTCC’s commitment to inclusivity and diversity in cryptocurrency trading. The competition’s categories—individual trading, copy trading, and referral competition—are designed to accommodate traders of all skill levels and preferences. The individual trading competition, already open for…
1 year ago
Quickex Expands Cryptocurrency Options with Over 200 Coins Available for Exchange
The post Quickex Expands Cryptocurrency Options with Over 200 Coins Available for Exchange appeared first on Coinpedia Fintech News Quickex, a cutting-edge cryptocurrency exchange platform, announces a key milestone by enabling over 200 coins on its platform, revolutionizing its users’ trading experiences. This innovative action shows Quickex’s dedication to satisfying its users’ changing needs and retaining its spot in the crypto exchange industry. Since its establishment in 2018, Quickex has prioritized trading experience and a safe platform for users and…
1 year ago
DTX Exchange Becomes Top Crypto Pick In May 2024, Turning Heads of Render and BNB Investors Amid Price Slump
The post DTX Exchange Becomes Top Crypto Pick In May 2024, Turning Heads of Render and BNB Investors Amid Price Slump appeared first on Coinpedia Fintech News As the market shows signs of struggle in turbulent waters in May, investors are eyeing newer and promising platforms that offer quick growth opportunities. Notably, DTX Exchange has emerged as a promising altcoin in the crypto market, attracting attention from Render and Binance coin investors, especially given the recent price dips in these…
1 year ago
Bitcoin’s Exchange Inflows Reflect Market Sentiment Shift
The post Bitcoin’s Exchange Inflows Reflect Market Sentiment Shift appeared first on Coinpedia Fintech News As of May 2, 2024, Bitcoin experienced a notable influx of 1,444 BTC, signaling a positive shift in market sentiment. This uptick aligns with Bitcoin’s price at $57,666 and follows recent developments in Hong Kong, where new Bitcoin and ETH ETFs have seen substantial transactions. These ETFs, fostering increased market liquidity and investor confidence, likely contribute to the heightened activity and optimism. This suggests a…
1 year ago
Jellyverse Launches its Native Decentralized Exchange, JellySwap on Sei Network
The announcement also confirms the DEX will introduce trading of tokenized real-world assets such as stocks, ETFs and commodities to offer a more diversified portfolio to traders. In an announcement this week, Jellyverse, a comprehensive DeFi ecosystem, announced the launch of its decentralized exchange, JellySwap. The DEX will launch in tandem with the launch of Sei Network on its mainnet, as the official fork of Balancer protocol, bringing real-world assets (RWAs) into the wider DeFi ecosystem. According to the statement,…
1 year ago
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ExchangeAce Exchange Suspects Should Get 20-Year Prison Sentences: Prosecutors
Prosecutors in Taiwan have proposed lengthy prison sentences for ACE Exchange’s founder, David Pan, and former executives as main suspects in an alleged fraud and money laundering case. This development came after the Taiwanese authorities initiated a fresh round of charges against the exchange founder and several others. ACE Exchange Defendants Face Potential Lengthy Jail Term On Friday, April 26, the Taipei District Prosecutors’ Office indicted 32 individuals involved in an alleged money laundering and fraud scheme. Among those indicted…
1 year ago
Exchange Inflow Surge: Are Bitcoin Whales Taking Profits?
Bitcoin whales appear to be realizing their profits from BTC’s latest rally, as on-chain analysts have identified a surge in inflows to centralized crypto exchanges. According to a CryptoQuant Quicktake by anonymous crypto analyst Phi Deltalytics, BTC whale inflows to exchanges currently constitute a substantial portion of overall flows to trading platforms. Whales May Be Taking Profits A separate Quicktake from analyst Woominkyu on April 25 revealed that the unrealized profits of long-term bitcoin whales had gotten high, especially with…
1 year ago