Crypto News

Chainlink (LINK) traded to highs of $8.44 before retreating amid broader market uncertainty. A top crypto analyst says LINK seeing a weekly close below the macro downtrend line portends fresh losses.   The “Macro Breakout is postponed” the analyst noted on Monday.  Chainlink posted an impressive run in the week of July 13-21, notching a +20% gain in a single day on July 20 as it hit a three-month high of $8.44. On-chain volume spiked to over $347 million as traders poured into the altcoin amid positive network developments. Chainlink price analysis LINK bulls appeared to be on the way to retesting a key technical level just under $10, with price poised to break a multi-year macro downtrend.  Crypto analyst Rekt Capital highlighted this on Friday, identifying a potential weekly close above the macro downtrend line as a likely indicator of bullish strength. As can be seen in the chart below, Chainlink price has recoiled from the crucial hurdle with a weekly close b...

BALD price down nearly 90% as sell-off pressure mounts Data shows prices plummeted as meme coin’s deployer removed all ETH liquidity. Bald is a token recently launched on Ethereum layer-2 blockchain Base. Bald (BALD), a recently launched meme coin that went live on the Base blockchain, plunged on Monday as sell-off pressure mounted. As CoinJournal reported on July 30, the price of the meme token had skyrocketed as its market cap jumped from near $0 to $70 million in hours. It continued its meteoric rise to hit a market cap of over $85 million and see multiple traders report astounding gains. But on July 31, with market uncertainty hitting the roof around the actions of the BALD developer, the token’s price plummeted. BALD price According to data from CoinGecko , BALD nosedived by nearly 90% as traders reacted to the development that saw Bald’s deployer remove millions of dollars’ worth of token liquidity. The token quickly fell from highs of $0.09 to $0.004, bleeding more tha...

Richard Heart was charged with allegedly raising over $1B through unregistered securities offerings. The SEC also charged PulseChain, PulseX, and Hex, alongside Richard Heart. In addition, Heart and PulseChain have also been charged for using part of the offering proceeds to buy luxury goods. The US Securities and Exchanges Commission (SEC) has charged the founder of the crypto project Hex, Richard Heart, with allegedly raising more than $1 billion through unregistered securities offerings. The SEC has also included three unincorporated businesses (PulseChain, PulseX, and Hex) in the charges. PulseChain and Richard Heart are also both facing charges for purportedly using $12 million from the funds raised through the securities offerings to buy luxury goods, including a 555-carat black diamond christened “The Enigma.” Details of SEC’s charges against Hex The SEC’s lawsuit has been filed in the United States District Court for the Eastern District of New York. The SEC complaint ...

Cardano’s network will benefit from more efficiency and fast bootstrap after Mithril went live on mainnet. ADA price was flat, but could benefit from new bullish momentum across the market. Cardano has achieved another milestone with the mainnet launch of the highly anticipated Mithril upgrade. On July 30, an announcement by Cardano stake pool operator (SPO) Banksy revealed that Mithril was now live on the mainnet. Network efficiency Mithril is a stake-based network of nodes that enable the creation of snapshots and certificates of the Cardano Node, allowing for a fast bootstrap and restoration. The development promises to bring several benefits to network users, particularly in boosting the efficiency of Cardano full node clients. The upgrade will also enhance user access to Daedalus and other network applications, with increased decentralisation achieved via the ability for any number of pools attesting to transactions through an aggregator and signer. “ With Mithril, SPOs...

The US Securities and Exchange Commission (SEC) reportedly asked Coinbase to only list Bitcoin. Coinbase CEO Brian Armstrong says the pressure left it no choice but to fight it out in court. SEC chair Gary Gensler has previously noted that almost every other cryptocurrency was a security. Coinbase CEO Brian Armstrong has revealed that the US Securities and Exchange Commission (SEC) wanted it to delist every other cryptocurrency and only offer Bitcoin (BTC) .  A report the Financial Times published on Monday claims that this happened before the regulator sued the US-based cryptocurrency exchange in June. Per the FT report, Armstrong saiys that the SEC’s demands left Coinbase with no other option but to defend itself in court. SEC’s plans could have “ended” crypto in the US When the SEC filed a lawsuit against Coinbase in early June, complaints included the offering of unregistered securities.  The Commission named several altcoins listed on Coinbase as unregistered ...

The meme token recorded astounding gains in 24 hours, reaching a market cap of $70 million. BALD, the newly-launched meme coin that went live on Base, a layer-2 chain created by Coinbase on Ethereum, skyrocketed within hours of its launch to jump to a market cap of $70 million. While the current price of Bald is $0.06, up by about 70% in the past 24 hours, the meme coin’s astounding gains after its launch took the crypto trading world by storm with a 40,000% jump . Currently, data from CoinGecko shows over $66.7 million worth of BALD have been traded in the past 24 hours, while the transaction count has reached more than 14,000. BALD is listed on the DEX platform LeetSwap and trades in the BALD/WETH pair. Wu Blockchain reported . Memecoin BALD based on the Base network has increased by as much as 30,000x in the past 24 hours, and its market value has exceeded 70 million US dollars. At present, there are about 25,000 ETH deposited on the Base chain, of which LeetSwap BALD/WETH ...

Optimism (OP) price surged more than 7% on Sunday to reach intraday highs of $1.61. the Ethereum layer-2 protocol unlocked 24 million OP tokens worth $38 million into circulation on July 30. OP price could flip to $1.89 if bulls remain in control in the short term. Optimism (OP) price surged more than 7% on Sunday to reach intraday highs of $1.61 as at 10:30 am ET. The gains put the Ethereum layer 2 protocol among the top performing crypto assets in the past 24 hours. Daily trading volume is up 107% from a day ago, according to data from CoinGecko, with this coming even as the optimistic rollup network unlocked 24 million on July 30.  Interestingly, on-chain data shows Optimism’s transaction volume recently surpassed that of other Ethereum L2 Arbitrum. OP price prediction after token unlock The release of more OP into circulation is part of the cryptocurrency’s scheduled unlocks. The latest saw 24 million OP worth $38 million added to circulating supply that currently st...

Casper price is down 2% in the past 24 hours, action that mirrors broader market sentiment. CSPR rose to $0.063 in April. The technical picture signals continued strength despite the latest dip. CSPR, the native governance token of Casper Network, is down 2% in the past 24 hours and up roughly 1.5% in the past week. According to CoinGecko, 30-day gains stand at around 3.2% as of July 29 at 11 am ET, with CSPR changing hands near $0.039. The daily trading volume has fallen by about 36% in the past 24 hours to suggest reduced network activity, data shows. Given these details, what’s the price outlook of Casper’s native token? CRPR price outlook: key developments Casper is an L1 proof-of-stake blockchain based on Correct-By-Construction (CBC) consensus specification and targeted for institutional and enterprise clients. From a broader crypto market perspective, Casper’s price performance over the month aligns with recent struggles for mega caps. Bitcoin has found it difficult to...

Kannagi Finance has reportedly rugpulled, with users losses amounting to $2.13 million. Protocol’s social media channels have been deleted or are unaccessible. KANA token has nosedived, plunging by 99% after the incident. Kannagi Finance, a revenue aggregator protocol on zkSync Era, has reportedly rugpulled. Users have suffered major losses, while the price of the native token KANA has nosedived. The protocol’s official website has allegedly “expired”. Meanwhile, its social media channels, including the official Twitter account are inaccessible. Total value locked (TVL) has plummeted from $2.13 million on Friday to near zero this morning, putting users losses at over $2 million. TVL plunged to near zero Kannagi Finance is said to have had its audit on June 6, handled by SolidProof, an audit agency under Germany-based Make Network. However, the protocol’s smart contract code remained closed-source and unverified.  “ The zkSync Era revenue aggregator protocol Kannagi Financ...

Solana based Aurory has expanded to Arbitrum, a leading L2 for Ethereum. $1 million in AURY liquidity has been added to the Arbitrum native DEX Camelot. AURY price surged more than 22% to hit highs of $1.00. Aurory, a leading NFT and gaming project in the Solana ecosystem, is seeing fresh adoption after it announced expansion to Ethereum Layer-2 protocol Arbitrum. According to the platform, expanding to Arbitrum is all about accessibility and bringing more users to the gaming platform. “ Using SyncSpace to expand Aurory to multiple platforms allows us to tap into diverse new user bases, creating frictionless onramps for these communities, regardless of whether they are Web2, or Web3 native ,” the Aurory team said . The integration means that all of Aurory’s on-chain assets are now accessible on either Solana or Arbitrum. Users on the Arbitrum network can get AURY by depositing USDC into SyncSpace, then swapping the stablecoin for AURY. As a native token, AURY can be used acr...

Bitget will list MX Token (MX) while MEXC will add Bitget Token (BGB). Both listings will be on July 31, with trading pairs BGB/USDT and MX/USDT. Bitget Token (BGB), the utility token of crypto exchange Bitget, will be listed on MEXC Global on July 31, the exchanges announced on Friday. MEXC will list the Bitget token in the Innovation Zone and has opened deposits for BGB. Initial supported pair will be BGB/USDT, with trading set for Monday, July 31 at 10:00 UTC. Withdrawals will be available from August 1, 2023 at 10:00 UTC, the exchange noted 🚨 #MEXC new listings alert! 📈 $BGB /USDT will list in the Innovation Zone at 10:00 on Jul 31 (UTC). @bitgetglobal 🔹Deposit: Opened 🔹Withdrawal: Aug 1, 10:00 (UTC) Details: https://t.co/UnY4C1Br41 pic.twitter.com/KdGI31hvNK — MEXC (@MEXC_Official) July 28, 2023 As MEXC lists BGB, Bitget will also be adding trading support for MX Token (MX), the native utility token of the MEXC Global exchange. The simultaneous listing will...

The British Museum is venturing into the Metervese following its partnership with the Sandbox. Other museums including Ukraine’s Kharkiv Art Museum have already ventured into the metaverse. The Sandbox (SAND) token price reacted minimally following the partnership. The British Museum will be working with the Sandbox Metaverse development platform to bring it into the Metaverse, according to a July 27 announcement . The partnership, according to the announcement, aims to develop fresh “immersive experiences” for users to learn about global history. The generation of a variety of digital collectibles will take into account the museum’s various collections. The chief operating officer and co-founder of the Sandbox Sebastien Borget called the partnership an opportunity to share the museum’s collections with new audiences. He said: “This is a great opportunity for The Sandbox players, regardless of where they are, to learn about and enjoy the amazing collections of human history, ar...

FTX and Genesis are bankrupt and have been trying to collect funds for creditors under court supervision. The agreement will resolve FTX’s claims against Genesis debtors and vice versa. Genesis is the largest unsecured creditor of FTX. Defunct cryptocurrency exchange FTX has reached an in-principle agreement with the bankrupt cryptocurrency lender Genesis. Legal representatives from both companies informed bankruptcy judge Sean Lane in a letter dated July 27 that a deal had been reached. Both businesses are in bankruptcy and have been working to recoup money for creditors while being watched over by the court. The agreement would put an end to FTX’s claims against the debtors of Genesis and vice versa. Additionally, it would rescind any ongoing motions pertaining to such claims. It was said that both sides intended to swiftly document and request court approval of the settlement. The in-principle agreements stated: “The Parties have reached an agreement in principle, subject t...

Kin community adopts proposal to burn 7 trillion of supply. The total supply of Kin is 10 trillion KIN tokens. The price of native token KIN jumps more than 20% as traders react to news. Kin Foundation has announced that a proposal seeking to burn trillions of KIN tokens has passed. According to an update from the organisation, the community’s vote on the proposal to burn Kin Reserves will see over 7 trillion KIN tokens destroyed. Update: The proposal to burn the Kin Reserves has passed after a token weighted vote by the Kin community. You can read the official results of the vote and next steps here: https://t.co/0qVaJsYnKE — Kin Ecosystem ⬢ (@Kin_Ecosystem) July 27, 2023 Kin’s path to decentralisation About 4.96 trillion KIN held by the foundation and 2.1 trillion KIN planned for burning by Kik should be destroyed by end of day Friday, July 28. That would see roughly 71% of the total KIN supply burned. “As a next step, the 4.96T Kin Reserves will be sent to a new Sol...

PancakeSwap initially launched on BNB Chain but is now available on five blockchains. The zkSync Era blockchain is the most recent blockchain that the DEX will be available on. The move is aimed at expanding PancakeSwap’s user base and increasing protocol revenue. The decentralized exchange PancakeSwap (CAKE) is now available on the zkSync Era blockchain according to a statement made by the DEX’s creator “Chef Cocoa” on Thursday. While this is a major milestone for the DEX, the news has not caused a significant price movement on the native token CAKE , seeing it has only gained about 1.40% today. The move is consistent with PancakeSwap’s goals to grow its user base and boost the protocol’s income. Available Pancakeswap features on Era blockchain To start with, PancakeSwap’s token swap and liquidity provisioning features will be available with transactional fees of 0.01% of the trading value. In the coming weeks, the farms feature that allows users to stake their liquidity pool...

SEC approved new AI-related rules targeting brokers on July 26. This comes amid growing adoption of AI across all areas of the global economy. What does this mean for AltSignals, the trading firm behind the upcoming ActualizeAI. Regulation remains a huge factor in the overall growth and adoption of cryptocurrency, and the US Securities and Exchange Commission (SEC)’s recent onslaught on crypto exchanges reveals just as much. Also, days after it suffered a blow in its case against Ripple over XRP, the SEC has moved to approve new rules with regard to likely conflict of interest as broker platforms increasingly integrate artificial intelligence. What does this mean and does it impact AltSignals ? What the SEC’s new rules on AI application by brokers says Brokers , basically platforms that facilitate the exchange of crypto for crypto or fiat, use optimization technology. The SEC is looking to adopt new rules around these “optimization functions”, with changes prohibiting brokers...

The BarnBridge token has hit a daily high of $3.82, after a 30% surge earlier today. At press time, the token was trading at $3.69, up 24.94% in 24 hours. On July 7, there were reports of the US SEC investigating the BarnBridge and members associated with the DAO. The BarnBridge (BOND) token started the day with a major jump, reclaiming all the losses it made since June 24. Although the token has since slightly pulled back from today’s high of $3.82, the token is still way above where it was trading when revelations of the US Security and Exchanges Commission (SEC) probe were made. BarnBridge price chart. Source: Coinmarketcap   While the sudden price surge is welcome news for the crypto community, there are questions as to what is behind the move. In this article, we shall shed some light on what is happening behind the scenes. Why is the BarnBridge token price rising? On July 6 2023, Douglas Park, the elected legal counsel of the BarnBridge DAO took to social media pl...

Paradigm’s MKR transfer comes a few days after Andressen Horowitz (a16z) moved over $9.7 million worth of the tokens to the exchange. MKR price has traded lower with the recent large transfers of the token. However, MKR was higher late afternoon after the Fed’s rate hike saw Bitcoin climb above $29,600. It’s been a few days of huge transfers for MakerDAO token Maker (MKR) onto exchanges – specifically onto US-based crypto exchange Coinbase . According to blockchain intelligence and analytics platform Arkham, Paradigm Capital moved $3.5 million worth of MKR. Per the data, the venture platform transferred 3,000 MKR tokens to Coinbase on Wednesday. The transfers were from a crypto wallet controlled by Paradigm to an OTC wallet. Lookonchain also highlighted the transfer, noting the Paradigm wallet moved 26,625 MKR worth $19.8 million to Coinbase on March 16. MKR price up as BTC hits $29.6k As reported last week, venture capital firm a16z made a series of MKR transfers as the ma...

Origin Protocol price rose to $0.12 as bulls gained by 28% to lead top altcoin gainers. Elsewhere, Bitcoin price reached $29,328 as markets awaited Fed’s 25 bps rate hike. The price of Origin Protocol ’s native token OGN soared 28% to above $0.12 as a number of altcoins spiked ahead of Wednesday’s rate hike by the Fed. As markets awaited the 25 basis point interest rate jump by the US Federal Reserve, Bitcoin rose to $29,328 across major exchanges. OGN had traded to lows of $0.10 earlier in the day, but the gains put its value 50% in the green to see it lead the likes of Compound (COMP), Convex Finance (CVX) and Solana (SOL). Why is OGN price rallying today? Most cryptocurrencies have seen uneventful action over the past 24 hours, and OGN’s performance amid this broader lull is somewhat of an outlier.  However, while there’s hasn’t been a particular Origin Protocol event or news to trigger the massive gains, it appears today’s rally found legs on the back of increased inte...

Fed is expected to announce a 0.25% rate hike after its two-day meeting on Wednesday. Stocks and cyptocurrencies have traded largely flat or lower amid investor anxiety over next moves by the central bank. Chancer, a project set to revolutionise the betting industry, could be a huge investment opportunity in today’s market setup. The Federal Reserve paused its interest rate hike in June, but all indications have been that the US central bank will resume the hiking path with a 0.25% rate this week. As cryptocurrencies and stocks struggled amid the expected decision, one new project has stood out for the relentless interest it has seen from investors. That’s Chancer (CHANCER). Fed to resume rate hikes after June pause Chancer , a cryptocurrency project for the betting industry that’s currently in presale, is close to hitting the $1 million mark in funds raised so far. The Fed’s 25 basis point hike is set to bring to the number of rate hikes since 2022 to 11 and will see the f...

There has been an increase in the number of early crypto holders moving tokens to new wallets. The BTC whale moved all their bitcoins to a new wallet. Whales make such moves in preparation for selling or alternative investments. Lookonchain has revealed that an early Bitcoin (BTC) holder transferred $37 million worth of bitcoins to new wallets after eleven years of inactivity. The move has ignited speculation about the motive behind this move. In the early hours of Wednesday, the Whale, a term used to describe a powerful owner of any financial asset, transferred all of their 1,037.42 bitcoin to a new address, “bc1qtl.” Although involving a staggering BTC amount, the token movement has had very little impact on the market seeing that Bitcoin (BTC) price has barely moved. BTC was trading at $29,192.78, up 0.06% in the past 24 hours. It is important to note that the transferred bitcoins were received on April 11, 2012, when the price was $4.92. The 1,037.42 BTC was at the time wo...

AltSignals is riding the AI hype with its blockchain AI-powered AI ecosystem. The project is currently conducting a presale for its native token, ASI. The ASI cryptocurrency will be the backbone of the AI ecosystem. Artificial intelligence has become quite a sensation and it is taking over almost all industries. From OpenAI’s ChatGPT chatbot to Elon Musk’s xAI Company and the recently launched Worldcoin cryptocurrency , AI is becoming a force to reckon with. Although widely seen as a reserve of big tech companies like Google and Microsoft, blockchain startups are also leveraging the power of AI to streamline their services. One such startup is the AltSignals, which has been providing financial market traders including cryptocurrency traders with trading signals since 2017. Five years of providing trading signals Thanks to its high-end trading toolbox, AltSignals has drawn a sizable and devoted community of online traders since 2017. Due to its incredible success rate when disse...

Crypto exchange Coinbase has listed 8 tokens accessible on Coinbase.com and mobile HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, ATA  are now tradable on Coinbase in Germany. Dogecoin continues to outperform the market after X news. Coinbase , the leading US-based cryptocurrency exchange, has made a special announcement touching on eight altcoins . The crypto exchange’s announcement says these tokens are now available for trading in Germany , one of the European countries with the highest number of crypto owners. Helium (HNT), Blur (BLUR), Arbitrum (ARB)  According to the platform, these tokens are Helium (HNT), Blur (BLUR), Arbitrum (ARB), MultiversX (EGLD), 00 Token (00), Audius (AUDIO), Lido DAO (LDO) and Automata (ATA). The crypto assets are “available to Germany residents”, the announcement read. HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, ATA are now available to Germany residents. — Coinbase Assets 🛡️ (@CoinbaseAssets) July 25, 2023 “ Users can log in to buy, sell, c...

Alchemix and Connext say the new token standard will benefit token issuers. DeFi bridges suffered exploits that saw over $2 billion stolen in 2022. Multichain bridge, which recently announced it was ending operations, is among those to be drained this year. DeFi protocol Alchemix and cross-chain bridge Connext have partnered in an effort that aims to introduce robust security to crypto bridges. As announced by Alchemix, the two platforms are working together on a new Ethereum token standard dubbed xERC-20. The platforms revealed the move on Monday. We’re extremely excited to embrace the #xERC20 token standard that encourages open competition & innovation. Reduced liquidity costs for token issuers + granular security 🙌. @AlchemixFi is the 1st adopter via @ConnextNetwork , with more trailblazers to follow! 1/9 pic.twitter.com/ujUCVjhTY9 — Connext (@ConnextNetwork) July 24, 2023 xERC20 token standard increases DeFi bridge security Per Alchemix and Connext, the new ...

Key takeaways Bitcoin dropped below the $29k level on Monday as the market sheds its recent gains. AltSignal’s stage two presale has now surpassed the $1.2 million mark. The cryptocurrency market has been underperforming in recent weeks. Barring last week’s rally fueled by Ripple’s win against the US SEC, the market has underperformed. Despite the market’s poor performance, AltSignals’ presale continues to proceed excellently, with the team raising $1.2 million so far in stage two of the presale.  Bitcoin struggling around the $29k region Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming in recent weeks. BTC has lost more than 2% of its value since the start of the week and is struggling to maintain its value above $29k. At press time, the  price of Bitcoin stands at $29,197. Despite the recent bearish trend, most market analysts are optimistic that Bitcoin could rally higher over the coming months. The recent pullback is conside...

Dogecoin price rallied to above $0.076 on Tuesday, a day after Elon Musk’s Twitter rebranded to X. Shiba Memu (SHMU) presale on the other hand has seen $1.14 million raised so far amid huge interest in meme tokens. The launch of the Shiba Memu’s AI dashboard could have a significant impact on the token’s performance. Shiba Memu’s presale is on fire with nearly 40 million SHMU sold and over $1.14 million raised within weeks of the revolutionary meme project’s token sale launch. Meanwhile, meme coins have added more than $730 million to their total market cap in the past 24 hours, with most of that down to Dogecoin (DOGE) ’s latest pump. Elon Musk’s X Payments could add Dogecoin DOGE price rose to highs of $0.078 early Tuesday after a spike in positivity since Monday, primarily injected by Twitter’s rebranding to X. More than that, the speculation that X could incorporate DOGE in its payment feature sees Dogecoin price on the verge of what could be a mega upside leg. Elon Musk h...