Market

The post Is the Crypto Market About to Retrace Again? These Factors Indicate as much! appeared first on Coinpedia Fintech News Since the Bitcoin price broke above the sluggish consolidation below $40,000, market participants have viewed the rally as the beginning of a bull run. This also filled them with a lot of optimism and positive sentiments, which enabled the BTC price rally to mark a new ATH very close to $74,000. This caused a notable drain in the price,…

The post Crypto Market Awaits SEC Verdict: Ethereum ETF Approval Speculations appeared first on Coinpedia Fintech News Amidst regulatory anticipation, market analysts are eagerly awaiting the Securities and Exchange Commission’s decision to approve or disapprove an Ethereum exchange-traded fund. Speculations have emerged regarding the potential approval, sending major waves through financial circles.  Thenceforth, Fox Business’ Senior Correspondent Charles Gasparino has weighed in on the outcome’s potential implications for Ethereum and the larger cryptocurrency market. Breaking: If the @SECGov does approve…

Chainlink Labs has expanded its partnership with Arta TechFin to include the issuance of stablecoins and real estate tokens as the race to dominate the $16 trillion tokenization market continues. The two will release a market standard for originating, distributing and custodying tokenized assets across different blockchains in Hong Kong and beyond. Tokenization is emerging as the prime market for blockchain interruption, and several blockchain networks are racing to dominate the market, which studies claim will be worth $16 trillion…

Solana memecoin BONK has hit the $2 billion valuation mark. BONK’s recent success may be tied to both spot Ethereum ETF hype and Solana’s popularity. Bonk (BONK), the dog-themed memecoin on the Solana blockchain recently reached a new milestone with its market capitalization soaring to over $2 billion. Notably, this milestone follows a 35% surge in the price of BONK and highlights the growing adoption of memecoins in the crypto market. History of BONK’s Rise Launched in December 2022, BONK…

The post Ripple Sets Sights on Stablecoin Market with ‘RLUSD’ Trademark appeared first on Coinpedia Fintech News Ripple Labs, the company behind the popular XRP cryptocurrency, has sent shockwaves through the crypto community with a recent trademark filing. The name? RLUSD. The application was filed on May 7 to the U.S. legal database Justia. While Ripple hasn’t officially confirmed anything, speculation is running rampant that this could be the ticker symbol for their upcoming dollar-pegged stablecoin. What is RLUSD and…

The post Bitcoin Network Metrics Show Strength Amid Market Volatility appeared first on Coinpedia Fintech News Recent data highlights a significant increase in Bitcoin’s network activity. The mean block size surged by 26.35% in the past 24 hours, reaching 1.752 MB, indicating a rise in transaction volume and network usage. Additionally, Bitcoin’s hash rate increased by 1.26% to 3.185 TH/s, showcasing the robust computational power securing the network. These metrics reflect a healthy and active Bitcoin ecosystem, suggesting strong underlying…

Cardano (ADA) and Bonk (BONK) are two coins that have yielded significant gains for crypto investors.  In the first few months of Bonk’s (BONK) launch, it surged by over 400%, climbing to an ATH of $0.00004359. Similarly, in 2021, Cardano (ADA) peaked at $3, leaving investors to swim in profit.  However, these coins have trended downward since the beginning of the year, shedding value. As of press time, Bonk’s (BONK) trading volume is $350 million, while Cardano’s (ADA) price struggles…

Lisbon, PORTUGAL. 20 MAY, 2024. // Those holding Polkadot ($DOT) in anticipation of the DOT is DED ($DED) snapshot and airdrop event are now set to witness memecoin infrastructure being introduced by the same team. $BULL is poised to launch soon and it will have a huge ripple effect on the Polkadot ecosystem, setting the blockchain up to compete better in the ongoing memecoin frenzy. Giotto De Filippi, the Chief Memer at $DED, the grassroots Polkadot community coin that has…

VeChain launches its MaaS platform, aiming to revolutionize the $16 trillion tokenization market. Partnership with Gresini Racing showcases the practical use of blockchain in mainstream industries, potentially increasing VET’s value. VeChain, a leader in blockchain technology headquartered in San Marino, Europe, continues to drive the real-world adoption of blockchain with its VeChainThor smart contract platform. Following a recent CNF update, VeChain has introduced the Green Ambassador Challenge on the VeChain app hub, facilitating the trade of tokenized assets and making…