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Top US crypto exchange Coinbase is listing another Solana-based (SOL) altcoin as the Ethereum (ETH) rival’s ecosystem heats up. In a new announcement, Coinbase says it is adding Render (RNDR) to its “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets. Render is an image-synthesizing ecosystem consisting of distributed Graphics Processing Unit (GPU) computers. Says Render, “The network allows for a model that improves render speed for artists while reducing costs and increasing scale. It improves capital efficiency by utilizing idle GPU compute capability, and rewarding GPU providers for their service. It also creates the opportunity for open access to a growing suite of render and render-related software providers.” Coinbase created its listing roadmap in 2022 as a means of increasing transparency and reducing the possibility of investors front-running new trading support announcements. RNDR is...

Despite a temporary setback for the larger part of the cryptocurrency market, machine learning and artificial intelligence (AI) algorithms are relatively optimistic about the price of Solana (SOL), predicting a significant recovery by the end of the next month. As it happens, Solana could improve its price during February, reaching $106.29 by February 29, 2024 – at least this is what advanced price projection algorithms over at the crypto and stock analytics and forecasting platform CoinCodex have predicted, as per the information retrieved on January 31. Solana 1-month price prediction. Source: CoinCodex Indeed, if the machine algorithm ’s above prediction, calculated using the historical Solana price trends and accounting for past volatility and market movements, becomes a reality, the price of the fifth-largest asset in the crypto sector would increase by 7.1% from where it stood at press time. Solana price analysis As things stand, Solana is currently changing hands a...

Alessandro De Crypto’s $SPONGE investment, starting at just under $10, has seen impressive growth, surging 27% since purchase. This impressive growth in his portfolio suggests that Sponge V2 is poised to replicate the successes of its predecessor, V1, positioning it as a cryptocurrency worth considering for investors in the upcoming bull run. Sponge token rides the next bull cycle with V2 excitement In the current crypto market, a resurgence of meme coin mania appears imminent, offering significant profit potential. This speculative trend, known for delivering substantial gains, could see both established and new meme coins thriving. Reflecting on past successes of meme coins like Pepe, there is anticipation for potential standouts, encompassing both older players and newcomers. Examining Sponge’s historical performance, it experienced a notable surge in 2023, highlighting the unpredictable nature of meme coins. After an initial surge, Sponge token experienced a signif...

Geoffrey Kendrick of Standard Chartered Bank predicts the SEC’s approval of U.S. Ethereum ETFs by May 23. Starting with initial rejections before granting approval , Standard Chartered foresees parallels for the Ethereum ETF with the SEC’s approach to Bitcoin ETFs. Geoffrey Kendrick, who leads the bank’s forex and digital assets research, believes Ethereum ETFs in the U.S. will get the green light in late May. Kendrick compares this situation to what happened with Bitcoin ETFs and thinks Ethereum’s price (ETH) may reach $4,000 by that date due to hype. Kendrick’s confidence comes from the fact that the SEC hasn’t treated Ether as a security in its legal actions. Ether is already being traded as a future on the Chicago Mercantile Exchange. “Grayscale, which has an Ethereum trust, wants to convert it into an ETF. If they get denied, they will likely appeal,” he said, adding that there’s no reason for the SEC to treat Ethereum di...

Each day, we review some picks for the best cryptos to buy now based on the latest market movements, block Chain news , and trending narratives. In addition to the overall upward trend in the market, specific tokens exhibit bullish fundamentals, contributing to their notable price surges. This article will explore the top choices for the best cryptocurrency to buy now, including Altlayer, VeChain, and Pyth Network, for potential returns. Best Crypto to Buy Now VeChain emerged as a top coin in the cryptocurrency market, exhibiting a daily gain of 4.42%. Similarly, VeChain displaying substantial growth compared to other tokens. Also, Fantom and Altlayer had a notably positive week. Fantom witnessed an impressive 58% surge in total value locked (TVL), reaching $81 million, while Altlayer recorded a notable increase of 53%. Meanwhile, Magic Eden recently unveiled its innovative multi-chain wallet. This wallet stands out by supporting major cryptocurrencies , namely Solana, Bitcoin, Po...

The decentralized platform Pendle Finance sees a surge in liquidity crossing the $500 million threshold on the heels of a deal with Ondo Finance. Pendle Finance’s native token PENDLE is up over 18% follow ing a deal with Coinbase-backed protocol Ondo Finance, which revealed in an X post on Jan. 29 that its users can now leverage the “composability of our tokenized cash equivalents.” Welcome to the Ondo Ecosystem, @pendle_fi! We're excited to support Pendle in enabling DeFi participants with yield swaps, leveraging the composability of our tokenized cash equivalents! Explore the Ondo Ecosystem: https://t.co/baTEYoe9EQ pic.twitter.com/88VXY6uYq6 — Ondo Finance (@OndoFinance) January 29, 2024 While specific details regarding the collaboration remain undisclosed, the announcement has seemingly played a role in fostering positive sentiment within the Pendle community. According to DefiLlama data, the total value locked (TVL) in Pendle Finance set a new al...

A British drugs kingpin involved in the US Drug Enforcement Agency’s (DEA) largest-ever crypto seizure, has pleaded guilty to running a network of dark web marketplaces, the Department of Justice (DoJ) said on Friday.  Forty-year-old Banmeet Singh admitted to distributing hundreds of kilograms of drugs through vendors on dark web sites including Silk Road one and two, Alpha Bay, and Hansa.  The DEA says it seized $150 million worth of crypto from Singh as part of the “largest single cryptocurrency and cash seizure in DEA history.” According to his plea agreement, the seizure comprised more than 8,100 Bitcoin , worth roughly $342 million today. The US recently announced it would sell $130 million worth of Bitcoin linked to a previous Silk Road seizure .  Singh sold and distributed LSD, ecstasy, fentanyl, Xanax, ketamine, and Tramadol between 2012 and 2017 in exchange for crypto while laundering the profits. The DoJ claims he organized the shipment of drugs and sent them i...

The Saudi Bonk price surged more than 139% over the last 24 hours to trade at $0.00002091 as of 11:40 p.m. EST. The Saudi Bonk Price Breaks Below A Positive Trend Line 1-hour chart for SAUDIBONK/USDT (Source: TradingView ) The Saudi Bonk price printed a second higher low on its hourly chart earlier in today’s trading session, which resulted in the formation of a positive trend line. However, the crypto’s price has dropped below this line, exposing SAUDIBONK to the risk of plummeting down to $0.000004626 in the next 24 hours. This bearish thesis may be invalidated if the Saudi Bonk price is able to reclaim a position above the positive trend line by the end of today’s trading session. In this alternative scenario, the altcoin may attempt a challenge at the $0.000042336 resistance level in the following 48 hours. The Saudi Bonk Price Will Need To Overcome Technical Obstacles Before the Saudi Bonk price can begin to climb, however, it will need to overcome two ma...

One of the newest videos on the Crypto Boy YouTube channel welcomes viewers back for an insightful exploration into the details of the Sponge V2 project. Crypto Boy breaks down Sponge V1 in detail, which is currently available on specific crypto exchanges. You can either buy it or stake to get a free allocation of Sponge V2. Looking at the current market data, Crypto Boy mentions that Sponge V1 has already made an impressive 100x profit in 2023. However, he suggests being cautious, as the price recently dropped by 25% in the past 7 days. Crypto Boy also shares insights into the coin’s market cap, which is at $15 million, with a trading volume drop of 9%. Now, the focus shifts to Sponge V2. The video below marks a crucial moment, indicating the last chance for users to get Sponge V2 before it gets listed on a major exchange. Crypto Boy explores essential updates and insights about the project, catering to those interested in the presale or wanting to obtain tokens without cost....

The block subsidy halving is expected to happen on April 20, fuelling Bitcoin’s (BTC) price as in the past. However, BTC could still crash from current prices before gaining enough strength for the expected post- halving surge. In particular, CrypNuevo sees a short-term bull run to $47,000, followed by a crash to the $36,000 zone. The expert trader posted this Analysis on X on January 26, following a validated previous insight from January 21. This account is known for its high accuracy rate with liquidity pool analyses. Essentially, CrypNuevo explained how Bitcoin might consolidate in the range between $40,000 to $45,000 over February. During this time, the market may see a deviation run to the aforementioned $47,000. After that, there is a potential support zone from $36,000 to $36,700, considering previous liquidity pools and price action. BTC/USD daily price chart. Source: @CrypNuevo on X BTC halving and historic price action Cryptocurrency Ripple hirin...

A widely followed crypto trader is analyzing the up-and-down price activity of Bitcoin (BTC), Solana (SOL) and altcoins in general. Pseudonymous trader Rekt Capital tells his 390,400 followers on the social media platform X that BTC is about to face a moment of truth. “Moment of truth for Bitcoin Green arrows show good retests of the Range Low as support. But this current rebound could turn the old Range Low into new resistance. However, a Daily Close above the Range Low & later a one week Close would recover the range.” Source: Rekt Capital/X BTC is worth $41,952 at time of writing, up 6% in the last 24 hours. According to Rekt Capital, this recent leap will have an impact on the cycle of the altcoin markets. “Yesterday the Q1 Altcoin Hype Cycle was doubted. Today BTC has moved +3% and suddenly there is new hope. The reality is that Bitcoin may very well continue to see-saw in the near-term but it shouldn’t impact your view on w...

BitMEX co-founder Arthur Hayes says he thinks Bitcoin (BTC) will continue to drop in price, and that he’s prepared to load up on specific altcoins if it does. In a new Analysis , Hayes notes that a 30% correction is due for the crypto king from its 2024 high of around $48,000, which it reached after BTC exchange-traded funds (ETFs) were approved earlier this year. According to Hayes, this would bring Bitcoin to the $33,600 level as it ultimately forms a support zone of between $30,000 and $35,000. “A 30% correction from the ETF approval high of $48,000 is $33,600. Therefore, I believe Bitcoin forms support between $30,000 to $35,000. That is why I purchased 29 March 2024 $35,000 strike puts. I also dumped my trading positions in Solana and Bonk at a slight loss. Bitcoin and crypto in general are the last freely traded markets globally. As such, they will anticipate changes in dollar liquidity before the manipulated TradFi (traditional finance) fiat s...

‘Initial DEX Offering’ (IDO) launchpad Ape Terminal has been accused by an advisor to the SatoshiVM (SAVM) project of scamming “all of the IDO launches on their platform.” The claim was made on X (formerly Twitter) by ‘MacnBTC,’ who also alleged that Ape Terminal directed rewards to wallets associated with the team and is making “millions selling the winner wallets.” A person I considered a friend and ate dinner with a week ago has lied to my face, betrayed and scammed me, several IDO s and the Crypto community.@theapeterminal has scammed all of the IDO launches on their platform 200,000 wallets applied to win the IDO s and 10 winners got… — Mac (@MacnBTC) January 24, 2024 Other X users also attempted to analyze the distribution of rewards associated with the SAVM project and highlighted that proceeds were distributed to only 10 wallets instead of the 100 that were originally advertised. This analysis tied several of these ...

Stolen funds in crypto saw a decrease of 54.3% in 2023, despite an increase in the number of crimes. While 2022 witnessed a loss of $3.7 billion in crypto thefts, it decreased to a mere $1.7 billion in 2023. North Korean hackers surged in the number of thefts, accumulating almost $1 billion in 2023.  According to the latest Chainalysis report, the funds stolen over the last year in crypto crimes show a substantial decrease despite a surge in crimes. Reportedly, 2023 saw a loss of $1.7 billion in crypto thefts, a decrease of almost 54.3% from 2022’s $3.7 billion. Source: Chainalysis In addition, the report revealed that North Korean hackers like Kimsuky and Lazarus Group have shown a hike in crypto attacks in 2023. As per the record, though North Korean hackers were connected with thefts involving $1.7 billion in 2022 and $1 billion in 2023, the number of crimes rose to a high of 20 in 2023. Source: Chainalysis The considerable drop in ...

The People’s Bank of China will cut the reserve requirement ratio for banks in February.  The 0.5 percentage cut is expected to increase long-term liquidity in the market.  Reports note the Central Bank may be considering further economic easing. The People’s Bank of China announced on Wednesday plans to cut the reserve requirement ratio (RRR) for banks to release more money and boost the economy, a Bloomberg report details, quoting the Central Bank’s Governor Pan Gongsheng. According to that report, the Central Bank’s planned RRR reduction will come in early February and is slated as a 0.5 percent cut. A cut at that level will reduce the amount of cash banks are required to keep in their reserves in order to offer their services. Pan, during a briefing with the press on Wednesday, said the RRR cut will stimulate the flow of one trillion yuan or approximately $139 billion in long-term liquidity to the market.  The announced reser...

Following a $4.5 million flash loan exploit, Radiant executes a strategic repayment plan. Radiant Capital repays 1,190 ETH and aims for full reimbursement in 90 days. $100K bounty is offered in the ongoing exploit investigation. Radiant Capital has initiated repaying its debts following the $4.5 million flash loan exploit earlier this month. According to their latest announcement on January 23, the protocol has successfully repaid 1,190 ETH, which is equivalent to $2.6 million. This move leaves Radiant with approximately 720 ETH ($1.6 million) of remaining bad debt. Significantly, Radiant’s repayment strategy aligns with the RFP-27 proposal, ratified on January  8. This decision, supported by 73% of user votes, outlines using funds from the Radiant DAO Treasury and operating expenditures to address the bad debt. At the proposal’s passing, the DAO Treasury boasted a balance of $5.2 million, with protocol revenues estimated at around $500,000 mo...

Avalanche Foundation updates surprising investment strategy, now exclusively supporting assets minted only on the Avalanche blockchain . As per a recent blog post, Avalanche Foundation has announced its exclusive support for meme coins minted solely on the Avalanche blockchain. This surprising move, detailed in the blog update, signifies a departure from conventional investment approaches. According to the eligibility criteria , meme coins should have total liquidity of at least $200,000, with more than 50 liquidity providers. Although even recently launched meme coins can participate in the program, their fully diluted market capitalization should be at least $1 million, while an average daily trading volume should not be lower than $100,000 on “Avalanche ecosystem DEXes [decentralized exchanges] for at least two weeks.” “As such, the eligibility criteria outline the bare minimum characteristics that a community coin should possess in order to be taken into co...