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Polygon Holds Steady at $0.37 But Is it Time to Worry About SAND and AAVE?
POL’s $0.4250 support remains critical for stability amid reduced trading volume.
SAND faces $0.3350 as key support, with declining volume signaling lower momentum.
AAVE consolidates near $161.00 support, eyeing a potential breakout past $165.00.
Polygon (POL) is holding steady at $0.37 despite a recent dip, while The Sandbox (SAND) and Aave (AAVE) are facing bearish pressure. Let’s find out if these altcoins can recover and follow Polygon’s lead.
Coinbase Ditches wBTC, Backs Its Own Bitcoin-Wrapped Token, cbBTC
Coinbase launches cbBTC on Solana, allocating $10M to protocols and $500K for liquidity reserves.
Coinbase delists wBTC citing listing standards amid scrutiny over BitGo’s ties to Justin Sun’s BiT Global.
Transparency issues and lack of proof-of-reserves fuel debate over Bitcoin-wrapped tokens cbBTC and wBTC.
The battle for dominance in the Bitcoin-wrapped token space intensified as Coinbase endorsed its own product, cbBTC, while delisting Wrapped Bitcoin (wBTC).
What to Expect from Sui’s Price Action: A Breakdown of Key Insights
SUI’s price fluctuates between $3.65 and $3.85, offering short-term trading opportunities.
Key support at $3.70 and resistance at $3.80 will determine SUI’s next move.
The November 2024 price forecast predicts SUI could range between $3.77 and $5.12.
Sui (SUI) is showing active trading within a defined range, with its price fluctuating between key support and resistance levels. Traders are closely watching SUI’s price action as it approaches the middle of November 2024.
Ripple and MCV Partner to Drive RLUSD Stablecoin Adoption
Ripple and Mercy Corps Ventures have expanded their partnership.
The two companies will work towards the adoption of RLUSD stablecoin.
Ripple has pledged a substantial $5.5 million to support MCV.
Ripple, the American fintech firm, and Mercy Corps Ventures (MCV) have expanded their partnership to focus on the adoption of the RLUSD stablecoin. This blockchain-based token is pegged to the US dollar and is currently in beta testing.
As per an announcement, the two firms will expand their “Unlo
AI Copy Trading Arrives: Woo X Launches “Man vs. Machine” Contest
Woo X introduces George AI, an AI-powered lead trader, to its copy trade application.
The exchange has entered into a strategic partnership with Kaito, the AI search platform for Web3.
The project helps users mirror a machine learning-powered crypto sentiment tool.
Cryptocurrency exchange Woo X has launched “George AI,” an artificial intelligence tool that allows users to copy trades based on machine learning sentiment analysis. Users can also compete in weekly trading competitions against th
ADA and XRP Surge as Cardano and Ripple Plan DeFi Collaboration
Cardano and Ripple hint at proposed collaboration.
The collaboration will integrate DeFi components on XRP.
Analysts expect the Cardano-Ripple partnership to boost cryptocurrencies’ value.
Cardano and Ripple have teased plans for a partnership to integrate DeFi components on XRP. The collaboration aims to increase liquidity and add a stablecoin layer to XRP. In a recent AMA session, highlighted in a podcast by a crypto analyst, Cardano founder Charles Hoskinson suggested creating a path for M
South Korean City Seizes and Sells Crypto for Unpaid Taxes
Paju City in South Korea will sell cryptocurrencies seized from local tax defaulters.
The seized assets, valued at around ₩50 million ($37,000), will be liquidated if taxes remain unpaid by the end of November.
This marks the first time a South Korean local government has directly liquidated cryptocurrency holdings for tax enforcement.
Paju City, in South Korea’s Gyeonggi Province, has announced its first-ever plan to sell cryptocurrencies held by local tax defaulters. This marks a significan
XRP powers fast, low-cost cross-border payments, boosting global trade efficiency.
Robinhood listing and regulatory clarity fuel XRP’s 50% price surge.
XRP Ledger enables tokenization and stablecoin innovations, driving institutional adoption.
XRP is rapidly gaining traction in the financial world. Known for its fast and affordable cross-border payments, XRP is being recognized for its innovative uses across various industries.
XRP was designed to fix inefficiencies in traditional payment s
Bitcoin’s Nasdaq Fuel: Spot ETFs Launch BTC to $100K?
Bitcoin broke the $94,000 price level for the first time in history.
NASDAQ is listing options on BlackRock’s IBIT on Tuesday.
A NASDAQ executive sees this development as an exciting opportunity for investors.
Bitcoin (BTC) broke above the $94,000 price level for the first time, making a new all-time high at $94,002.87 about ten hours back. This achievement comes on the heels of the highly anticipated listing of U.S. spot Bitcoin exchange-traded fund (ETF) options on NASDAQ.
Crypto Lawyer Deaton Condemns Trump’s SEC and Treasury Picks
John Deaton raises concerns about the latest candidates for the SEC Chair and Treasury Secretary posts.
While Bob Stebbins is a top contender for the SEC Chair, Kevin Warsh gains support to become the next Treasury Secretary.
Deaton urges Trump to consider Scott Bessent or Brian Brooks for the new Treasury Secretary.
Pro-XRP lawyer John Deaton voiced concerns about the potential appointments of Bob Stebbins and Kevin Warsh in President-elect Donald Trump’s administration.
Trump’s transition team is considering Teresa Goody Guillén to replace the SEC Chair, Gary Gensler.
Goody Guillén’s securities, litigation, and investigations expertise make her one of the best candidates.
Brendan Playford acknowledges her as a change-maker who would dramatically transform the industry.
President-elect Donald Trump’s transition team is considering Teresa Goody Guillén, a former SEC attorney, to lead the regulatory commission. According to industry sources, the blockchain-sa
Binance’s Red Flag: Why These Altcoins Could Be Delisted Soon
Binance has put FTT, ZEC, JASMY, and others under scrutiny.
If these tokens fall short of the CEX’s standards, they will be delisted.
The total market cap of tokens under monitoring stands at $4.32 billion.
Binance, the world’s largest cryptocurrency exchange by volume, placed numerous digital assets under scrutiny, including FTX Token (FTT), ZCash (ZEC), and JasmyCoin (JASMY). This would mean these altcoins carry higher investment risk, and so the exchange could delist any of these coins in
KuCoin Lists Blast Royale (NOOB) with 1.8M Token Giveaway
KuCoin lists Blast Royale (NOOB) and launches campaigns with a 1.8 million NOOB prize pool.
Users can earn rewards through tasks like depositing, trading, and using trading bots.
Affiliates and new users can also participate in special events to share additional NOOB prize pools.
KuCoin exchange has introduced Blast Royale (NOOB) to its trading platform, marking the event with a series of promotional campaigns that will distribute a total of 1.8 million NOOB tokens to active users. These camp
Bitcoin’s New $94K High: Why Isn’t Anyone Celebrating?
Bitcoin reaches an all-time high of $94,002, but social sentiment remains neutral.
Despite negative sentiment in the “Crowd Fearful Zone,” Bitcoin has historically seen price growth.
MACD indicates bullish solid momentum, but RSI suggests Bitcoin could face a correction soon.
Bitcoin hit a new all-time high of $94,002. But despite this milestone, reactions from social media and the crypto community remained surprisingly mute.
According to Santiment’s data, Bitcoin’s rise to new heights has n
South Korea Debates Raising Crypto Tax Exemption to $35,900
South Korea’s DPK has proposed raising crypto tax exemption levels.
The opposition party proposed raising the exemption to $35,900.
Currently, the crypto tax exemptions stand at a mere $1,795.
In South Korea, a significant development is brewing as the opposition Democratic Party of Korea (DPK) proposes raising the crypto tax exemption to 50 million won (approximately $35,900). The move can help bring additional capital in the local digital asset market as sound regulations gradually take sha
Floki Inu’s Community-Driven Revival: From Rug Pull to Crypto Champion
Floki Inu’s strong support community revived the project after two developer rug pulls in 2021.
FLOKI reached a $3.5B market cap in 2021 and maintained growth during the bear market.
Bullish indicators suggest FLOKI could break resistance and rally further, with strong community support driving its success.
Floki Inu (FLOKI) has emerged as a crypto champion despite adversity, thanks to its community-driven revival. A rug pull in 2021 threatened the credibility of the meme coin project. Howeve
XRP Forms Bullish “Double Coffee Cup” Pattern, $5.85 Target in Sight?
XRP has formed a bullish “Double Coffee Cup” pattern, signaling significant upward potential.
The breakout from a multi-year triangle aligns with improving regulatory clarity and market optimism.
Indicators suggest bullish momentum, but overbought conditions point to possible short-term pullbacks.
XRP is displaying a notable technical formation on its weekly chart. According to Dark Defender, a crypto analyst, he notes that XRP has formed a “Double Coffee Cup” pattern, a structure often
Ondo Finance (ONDO) and PayPal USD (PYUSD) Integration Sparks 35% Token Surge: What’s Next?
ONDO token surged 35% amid integration with PayPal USD (PYUSD).
The partnership enables 24/7 liquidity between PYUSD and Ondo’s tokenized U.S. Treasuries (OUSG).
Analysts predict further growth, with targets of $3.40 and potential Binance listing momentum.
The ONDO token has surged 35% this month, following Ondo Finance’s integration with PayPal USD (PYUSD). The token gained 9% in the last 24 hours, reaching $1.05. ONDO is up 13% over the past week as well.
Russia’s New Crypto Tax: 15% on Trading and Mining Income
Russia proposes a 15% tax on crypto trading and mining income to boost revenue and ensure balance.
New regulations require mining operators to report user details and register with tax authorities.
Tax measures could generate $521M–$700M annually, enhancing Russia’s crypto-mining leadership.
Russia amended its crypto tax legislation, proposing a 15% tax on income from crypto asset trading and mining. This aligns with the government’s efforts to establish a balanced taxation policy and in