Impact

Toncoin (TON), the cryptocurrency associated with the popular messaging app Telegram, is making headlines as its Masterchain achieves a record-breaking 946 active addresses per day. This achievement has driven a nearly 9% increase in Toncoin’s value, standing out in contrast to the broader market’s downward trend. Maartunn, an analyst at CryptoQuant Research, claims that since July 2021, the TON Masterchain’s active address count has skyrocketed more than sevenfold. This notable uptick points to growing blockchain adoption, which drives more transactions and…

Ethereum (ETH) price has struggled amid another market shakeout. The second-largest cryptocurrency by market capitalization fell below the $2,600 support zone for the third time in the past week, prompting crypto analysts to evaluate the next levels to watch out. ETH’s Key Support Zone To Watch Out The crypto market has seen several retraces throughout the cycle, with cryptocurrencies like Ethereum significantly decreasing from its Q3 opening. Since July 1, the “king of altcoins” has seen a 24% drop from…

The post Is the Next Crypto Market Crash Coming? How Japan’s Economic Shifts Might Impact Bitcoin appeared first on Coinpedia Fintech News The cryptocurrency industry, led by Bitcoin (BTC) and Ethereum (ETH), has been attempting to recover from the recent global market crash. The rising correlation divergence between major stock indexes and Bitcoin has increased fear of further crypto capitulation.   While Bitcoin price has hovered around $58k in the past 24 hours, Japan’s NIKKEI 225 Index jumped nearly 4 percent…

The post XRP News: How Might Ripple’s Legal Victory Impact Future SEC Regulations? appeared first on Coinpedia Fintech News During a podcast session with securities law professor J.W. Verret, Ripple’s chief legal officer, Stuart Alderoty, discussed the possibility of the U.S. SEC appealing the court’s decision regarding XRP. While Alderoty acknowledged that an appeal is possible, he remains confident that XRP’s non-security legal status will not be affected. He pointed out that Judge Analisa Torres’ ruling on secondary XRP sales…

Reports have revealed that Shiba Inu (SHIB) whales have dramatically increased their holdings by a whopping 600%. This massive SHIB accumulation signals investors growing confidence in the popular meme-based cryptocurrency. SHIB Whales Increase Holdings By Almost 600% In just a single day, Shiba Inu whales increased their holdings by approximately 596%. According to IntoTheBlock’s data, on August 12, the total net flow of large scale SHIB holders had surged from 27.06 billion SHIB to 161.15 billion SHIB.  While the reason…

The post This Altcoin Reclaims a 3-Digit Figure—Will it Trigger a 10% Rise to Squash the Bearish Impact? appeared first on Coinpedia Fintech News The crypto markets have again faced fresh bearish action, even though the CPI rates came out below expectations. The historical pattern has largely changed since the inclusion of institutions into the crypto markets. Regardless of this, some of the altcoins continue to hold onto the previous market dynamics, Aave being one of them. The AAVE price…

In a market with divergent projections, the Render token warms up to analysts and crypto believers. At a present value of $4.80, cryptocurrency researcher Crypto Patel has predicted Render is going to skyrocket over 990% to as high as $50. This could happen despite the token having plunged 75% from its peak. Conversely, Crypto Alex found Render charts contained a bullish inverse head-and-shoulders pattern that could trigger a significant rally once sellers lose momentum. With these two diverging views, Render…

The post USDT in Danger: The Impact of MiCA Regulations appeared first on Coinpedia Fintech News Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether’s operations in Europe. Paolo Ardoino, CEO of Tether and CTO of Bitfinex, explains that MiCA is putting strict limits on the volume and issuance of stablecoins. It also…

Solana, Bitcoin, Ethereum, and the broader crypto market experienced a tumultuous start to the week, with one of the most severe price crashes since the collapse of FTX. While macroeconomic factors were primarily responsible for this downturn, substantial sell orders from Jump Crypto, a division of the prominent Chicago-based quantitative trading firm Jump Trading Group, also played a significant role. In the 10 days leading up to the crash, Jump Trading transferred $277 million worth of ETH to various exchanges,…