Crypto News

The Gnosis (GNO) token has lost 22.5% in the past year. While some predict that GNO has hit the bottom, it has dropped by 2.5% in the past seven days. As Gnosis drops, a new decentralized prediction market token called CHANCER is gaining traction. The decentralized prediction markets have been an industry that has seen some tremendous growth in the recent following the increasing decentralized betting platforms. Gnosis was among the first decentralized prediction market to be developed on Ethereum blockchain and it cleared the way for many more such platforms. Despite the Gnosis platform being famous, its native token has witnessed a long bear market that has lasted for about a year now. On the contrary, the tokens of other decentralized market platforms like Augur (REP) and Stox (STX) have enjoyed rapid price surges in the past week. Gnosis (GNO) price prediction Gnosis (GNO) technical analysis shows that its continuous bearish trend has been accompanied by significant price...

Fidelity likes Ethereum as burn rate now exceeds issuance. ETH continues to be the largest holding in investors’ portfolios. Ether is currently up more than 50% versus the start of the year. Ethereum is already up more than 50% for the year at writing but Fidelity Digital Assets still remains bullish on the premier altcoin for the long term. Why does Fidelity like Ethereum? The crypto platform that caters to institutional investors is constructive on Ether primarily because its burn rate now exceeds issuance. Since the “Merge”, the net supply has declined by more than 700,000 coins, as per the firm’s recently published Q2 2023 Signals Report . Fidelity also drives optimism from an increase in active Ethereum validators of 15% in the second quarter. The excitement around EIP-1153 update that promises lower costs and better efficiency will help unlock further upside in ETH, the firm added. “New Address Momentum” was among other reasons cited for the positive long-term view on ...

About $6.5 million flowed out of funds tracking different cryptocurrencies last week. Bitcoin recorded $13 million in outflows, while Ethereum benefited from XRP-driven sentiment to record $6.6 million in inflows. The minor outflows follow 4 consecutive weeks of inflows. CoinShares’ latest report on digital assets investment products suggests the industry saw minor outflows of $6.5 million over the past week. The outflows follow a consecutive four weeks of inflows that saw investors pour $742 million into different crypto investment products. James Butterfill, Head of Research at CoinShares noted that while Bitcoin recorded the most outflows, data showed sentiment towards Ethereum investment products looks to have flipped positive. Ethereum and XRP record inflows As highlighted in a report published on Monday, funds tracking Bitcoin logged $13 million of outflows and short-bitcoin products recorded $5.5 million in outflows – its 13th consecutive week.  Meanwhile, Ethereum...

Key takeaways Cryptocurrency projects raised $201 million from VC firms last week. Chancer’s presale is currently ongoing, and the project is close to hitting the $1 million mark.  The cryptocurrency market is starting the week in a bearish manner. Bitcoin is down by more than 2% today and could experience further decline in the next few hours. At press time, the  price of Bitcoin stands at $29,148 per coin. However, Chancer’s presale continues to soar higher, with the team now close to hitting the $1 million mark. Crypto projects raised $201M in a week Bitcoin and other cryptocurrencies have been experiencing ranging markets since the start of the month. However, despite the market’s poor performance in July, cryptocurrency projects continue to set new records. A report by CoinDesk revealed that cryptocurrency projects raised $201.4 million last week. The biggest earners in the market were projects that create developer tools for zero-knowledge proofs. VC firms...

Bitcoin price fell to lows of $29,000 across major exchanges as liquidations rose 203% in 24 hours. Total rekt positions was more than $150 million, with $124 million being longs. The volatility saw over 50,000 traders liquidated in the past 24 hours. Bitcoin extended its decline beneath $30,000 on Monday as the total crypto market value dipped by 2% to just over $1.2 trillion. As BTC price touched $29,000 across major exchanges – it fell to $28,978 on Bitstamp and $28,973 on Coinbase – data showed total crypto liquidations in the past 24 hours surpassed $150 million. Bitcoin price fell to lows of $28,973 on Coinbase on Monday. Source:  TradingView   Longs rekt as 24-hour liquidations hit $150 million According to data from Coinglass , the 24-hour liquidation was double the figure recorded a day earlier. Indeed, total positions rekt in the period rose 203%, with longs accounting for the largest share at over $124 million.  Shorts accounted for about $26 milli...

World (WLD) price spiked 78% after its mainnet launch on Monday. The soaring prices also followed the listing of WLD on world’s largest crypto exchange by trading volume Binance. According to CoinGecko data, WLD price hit highs of $3.30 on major exchanges. Worldcoin (WLD), the native utility token of the just launched Worldcoin cryptocurrency, soared to highs of $3.30 on Monday morning. This was after the world’s leading crypto exchange Binance announced support for the token. CoinJournal reported on Worldcoin’s mainnet launch earlier today. [ Read more ]. Worldcoin price soars as Binance lists WLD for trading At the time of writing, WLD was trading near $2.98 on major exchanges according to details from CoinGecko. Per the data, Worldcoin price was up 78% at the time, with more than $26.4 million in trading volume. WLD tokens are currently tradable on several centralized crypto exchanges, including Binance, Bybit, KuCoin and Huobi. On Monday, shortly after the Worldcoin team ...

At press time, the LAELAPS token had jumped 283% in the last 24 hours to trade at $0.005519. The LAELAPS is categorized as a meme coin, making today’s top gainer in that category. The presale of Shiba Memu (SHMU), another meme coin, has hit $1.055 million. Laelaps (LAELAPS) token is today’s top gainer among the top meme coins according to Coinmarketcap. The token has unleashed a monster bull run that has catapulted it from $0.001419 to $0.005519 in a matter of hours. Earlier today, it had hit a daily high of $0.0093 before slightly pulling back to the price at the time of writing. LAELAPS price surge comes at a time when the meme coins industry is experiencing significant growth mainly because of the many new meme coin projects, like the Shiba Memu , being launched. Interestingly, a majority of the new meme coins have attracted quite a following which in most cases translates to ridiculous price surges in very short timeframes.   What is Laelaps? Laelaps is a Telegram toolk...