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Cryptos Headlines
6 Jul 2024
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LayerZero Eyes 25% Rise: Will ZRO Hit $5 This Weekend?
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#PolyMarket
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Coinbase to list Peanut the Squirrel (PNUT) on Solana Coinbase has announced support for the meme coin Peanut the Squirrel. The exchange said trading support for the Peanut the Squirrel (PNUT) token on the Solana (SOL) network will go live on January 14, 2025, at 9:00 am PT if liquidity conditions allow. “Once sufficient supply of this asset is established trading on our PNUT-USD trading pair will launch in phases. Support for PNUT may be restricted in some supported jurisdictions,” Coinbase wrote. Token transfers for the meme coin are now available on both Coinbase and Coinbase Exchange, with accessibility depending on regional trading support. PNUT’s listing on the U.S.-based exchange comes about a month after Coinbase added it to its listing roadmap. The exchange hinted at the listing in early Dec. The Peanut the Squirrel meme coin shot into the limelight in November 2024, following a controversial killing of a pet squirrel. The incident sparked outrage and disbelief, which soon gave rise to the meme coin, taking crypto Twitter by storm. PNUT reached an all-time high of $2.47 on Nov. 14. However, the token has seen a significant decline amid the broader crypto market’s recent downturn. On Jan. 13, 2025, PNUT fell to lows of $0.46 as Bitcoin revisited the $90,000 level and Ethereum dipped below $3,000 amid increased sell-off pressure. PNUT, which has lost 79% of its value since its all-time high, was down 13% in the past 24 hours and 30% over the past month. The meme coin was trading around $0.51 following the Coinbase announcement. #Coinbase #PNUT #Peanut #Altcoin #CryptoNews
9h
XRP Price Eyes Breakout To New ATH As Whales Move $76M XRP price appears to be on the verge of a bullish breakout following key whale activity and positive legal developments. A transfer of 30 million XRP (approximately $76.1 million) from Upbit to an unknown wallet has captured market attention, indicating heightened activity among large holders. This comes as analysts and the crypto community closely monitor ongoing developments in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), along with the imminent January 15 deadline for the agency’s appeal-related filing. XRP Price Eyes New ATH As Whales Move $76.1M In a recent report from Whale Alert, 30 million XRP worth $76.1 million was moved from Upbit, a South Korea exchange, to an unknown wallet. Such large transactions are often viewed as potential precursors to price volatility. Some of the analysts have noted that whales are known to make large movements that can be interpreted as either accumulation or preparation for large transactions. In the past, such transactions have been linked with the changes in the XRP price trend some analysts have forecasted that the currency may rise by double digits. EGRAG Crypto, a renowned market analyst, in a recent move pointed out that XRP is displaying a rare “Megaphone Bottom” formation that may indicate an upward trend. At the moment, this technical formation has a win rate of above 70%, and the analyst is predicting an ATH of $8 if it happens. XRP Breaks Out of Symmetrical Triangle The XRP price recently emerged from a symmetrical triangle pattern, which is a bullish signal, meaning that the price may rise to $4. The symmetrical triangles are formed when price action converges and forms a triangle where the tops and bottoms converge to form the triangle. A breakout above the upper trendline is generally taken as a positive sign by the traders aligning a recent XRP price predition. #XRP #Ripple #Altcoin #cryptocurrencies #CryptoNews
9h
XRP Price Eyes Breakout To New ATH As Whales Move $76M
9h
Tether Relocates to El Salvador Following Regulatory Approval Stablecoin issuer Tether has announced plans to relocate its company and subsidiaries to El Salvador after obtaining an operating license in the country. In a Jan. 13 statement, Tether revealed that it had secured authorization to operate as a digital asset service provider and stablecoin issuer in El Salvador. The company cited the nation’s “forward-thinking policies, favorable regulatory environment, and […] growing Bitcoin-savvy community” as key reasons for the move. “This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets,” said Tether CEO Paolo Ardoino. He added, “By rooting ourselves [in El Salvador], we are not only aligning with a country that shares our vision in terms of financial freedom, innovation, and resilience but is also reinforcing our commitment to empowering people worldwide through decentralized technologies.” The relocation follows reports that Ardoino and Tether’s Chief Operating Officer, Claudia Lagorio, purchased property and became naturalized citizens of El Salvador in 2024. Cointelegraph reached out to Tether for further comment but received no response at the time of publication. El Salvador and Bitcoin Adoption Since President Nayib Bukele announced plans to adopt Bitcoin as legal tender in 2021, El Salvador has become a hub for cryptocurrency initiatives. In 2023, Tether pledged support for one of the country’s renewable energy projects, including geothermal energy facilities. Ardoino has reportedly met with Bukele on several occasions, expressing support for the president’s efforts to attract businesses and new residents. While Bukele has claimed Bitcoin adoption has been a “net positive” for the nation, some expected benefits have yet to materialize. As of December, the Salvadoran government reported holding over 6,000 BTC, valued at more than $550 million. #ElSalvador #Tether #cryptocurrencies #cryptomarket #CryptoNews
9h
Tether Relocates to El Salvador Following Regulatory Approval
9h
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