Market

The post Floki Inu (FLOKI)Price Surge: Whale Investor Sparks Market Excitement with 19 Billion Purchase appeared first on Coinpedia Fintech News Floki Inu, a top-five meme coin gaining prominence in the crypto space, has recently jumped high on the price radar despite the crypto downturn. This surge, amounting to over 2%, has attracted significant attention from investors and analysts alike, particularly when the market is under bearish pressure.  Whale Investor Triggers Price Surge The recent surge in FLOKI’s price was…

Bitcoin’s price troubles continued in the past 24 hours as the asset dropped below $62,000 and $61,000 to chart a 6-day low. Interestingly, not all altcoins have followed BTC on the way south, as some, such as TON and RNDR, have posted impressive gains of around 7% each. BTC Down to $61K The primary cryptocurrency had a strong end to the previous week when it jumped from under $59,000 to $62,000 on Friday and kept climbing during the weekend to…

The post Ripple Forecasts $3 Trillion Stablecoin Market by 2028 appeared first on Coinpedia Fintech News Ripple predicts the stablecoin market will surge to $3 trillion by 2028, planning to launch its USD-backed stablecoin in June amidst SEC scrutiny. The stablecoin aims for stability and security as it is set 1:1 to the USD. David Schwartz, Ripple’s CTO, suggests a June launch during the XRP Las Vegas conference. Also, the stablecoin leverages the strengths of XRP Ledger for institutional and…

Blockchain platform Algorand achieved notable gains in key metrics during the year’s first quarter (Q1), aligning with the overall upward trend observed in the crypto market ecosystem.  However, despite this growth, its native token ALGO experienced a 22% price decrease since the beginning of Q2, putting a critical support line to the test and raising questions about the cryptocurrency’s prospects. Algorand Revenue Skyrockets According to a report by Messari, Algorand’s revenue witnessed a substantial 1,747% quarter-on-quarter (QoQ) surge, primarily driven…

The SEC’s latest filings highlight concerns over Ripple’s unregistered XRP sales and plans for a stablecoin. Ripple’s CLO, Stuart Alderoty, criticizes the SEC’s approach stating that the regulator continues to disregard the law. He expresses hope for a settlement very soon. Amid the broader market selling pressure, the XRP price continues to trade at 3% in the negative at $0.52 with a market cap of $28.7 billion. On Tuesday (May 7), the SEC vs. Ripple case gained attention as new…

The recent unimpressive price action of Bitcoin is playing out in the minds of institutional investors, with recent data highlighting their bearish sentiment. This has led to a wave of massive outflows from  Bitcoin investment products, which could negatively impact the flagship crypto.  Bitcoin Investment Products Record $284 Million Of Outflows CoinShares revealed in a blog post that Bitcoin investment funds recorded an outflow of $284 million last week. Most of these outflows are said to have come from the…

The positive price movements for bitcoin at the start of the business week were short-lived as the asset has lost over three grand since then and now struggles to remain above $62,000. The altcoins are in no better state, with DOGE, SOL, and AVAX dropping by 5% or more in the past 24 hours. BTC Drops Toward $62K Bitcoin had a highly negative start to May that culminated last Wednesday with a price dump to a two-month low of $56,500.…

EMURGO forms a strategic alliance with GSR to enhance liquidity and market-making within the Cardano blockchain. The partnership aims to foster educational and investment initiatives, supporting an expansive future for Cardano. In line with a previous CNF post on EMURGO and Huawei Cloud: Pioneering Web3 Solutions on the Cardano Blockchain, EMURGO has now announced a strategic partnership with GSR, a prominent global cryptocurrency trading firm. This collaboration is set to enhance liquidity and market-making within the Cardano ecosystem, as emphasized…

South Korea is on the brink of introducing Asia’s first spot Bitcoin ETF, potentially revolutionizing the cryptocurrency market. Speculations arise on Bitcoin’s price potentially hitting the $80,000 mark with the new ETF approval. In line with recent updates by CNF, South Korea is paving the way for Asia’s first spot Bitcoin ETF following a key meeting with SEC Chair Gary Gensler, potentially positioning itself in a trillion-dollar market. According to a BloomingBit report, the Democratic Party is preparing to leverage…