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HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin
20.5.2024
Xiao Geng states that the creation of a CNY-pegged stablecoin could expand the offshore Chinese yuan market and elevate Hong Kong’s status in the global financial sector.
The post HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin appeared first on Cryptonews
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
20.5.2024
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened...
Dogecoin Price Prediction as DOGE Drops to $0.15 Level – Here is the Next Target
20.5.2024
Dogecoin (DOGE) falls to $0.152204 with a market cap of $21.97 billion. Will it rebound or continue to slide? Explore the next target.
The post Dogecoin Price Prediction as DOGE Drops to $0.15 Level – Here is the Next Target appeared first on Cryptonews
5 of 7 on-chain indicators suggest the bull run is just beginning
20.5.2024
On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and HODL Waves paint a bullish picture for Bitcoin investors
Crypto Whales Bet Big on Mollars, Toncoin, and Cardano
20.5.2024
The cryptocurrency market is currently experiencing a significant shift when it comes to mainstream adoption. Embarking on the Bitcoin halving, and BTC ETF hype, the space is seeing an increase in its users.
The post Crypto Whales Bet Big on Mollars, Toncoin, and Cardano appeared first on Cryptonews
Cryptoquant CEO Predicts Bull Run Midpoint as Bitcoin Recovers
19.5.2024
The price of bitcoin experienced a challenging May, dipping below $60,000 to reach a low of $56,500 per unit on May 1, 2024. Currently valued at $66,900 per unit, bitcoin’s price is showing improvement as June approaches. The founder of the onchain and market data platform Cryptoquant...
Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity
19.5.2024
Ten days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to...
Bitcoin Price Prediction as $17 Billion Trading Volume Comes In – Are Chinese Whales Buying?
19.5.2024
Bitcoin is trading at $67,330.50 with a market cap of $1.33 trillion, driving speculation of Chinese whale activity amid a $17 billion trading volume.
The post Bitcoin Price Prediction as $17 Billion Trading Volume Comes In – Are Chinese Whales Buying? appeared first on Cryptonews
Solana Price Prediction as SOL Pushes Toward $170 – $1,000 SOL Possible By June?
19.5.2024
Solana (SOL) is trading at $172.84 with a market cap of $77.59 billion, pushing toward $170 amid a potential rally to $1,000 by June.
The post Solana Price Prediction as SOL Pushes Toward $170 – $1,000 SOL Possible By June? appeared first on Cryptonews
Coinbase Ventures Into Australia’s $600 Billion Pension Market With Tailored Crypto Services
19.5.2024
Coinbase, the largest US crypto exchange, is planning to tap into Australia’s $600 billion self-managed pension sector, according to a Bloomberg report. The company is developing a service tailored for this sector, aiming to cater to the growing interest in crypto investments among self-managed...
PitchBook Report: Crypto Fundraising Soars to $2.4B in Q1 2024 with Over 500 Deals
19.5.2024
The crypto market has experienced a significant surge in fundraising, reaching a whopping $2.4 billion in the first quarter of 2024, fueled by a shift in market sentiment and fresh inflows.
The post PitchBook Report: Crypto Fundraising Soars to $2.4B in Q1 2024 with Over 500 Deals appeared first...
Top U.S. Hedge Funds Embrace Spot Bitcoin ETFs, 13 of 25 Invested: River Report
18.5.2024
Out of the top 25 hedge funds in the United States, 13 have entered the market by investing in the ETFs during the first quarter.
The post Top U.S. Hedge Funds Embrace Spot Bitcoin ETFs, 13 of 25 Invested: River Report appeared first on Cryptonews
Silver Squeeze: Precious Metal Soars 11.8% in 5 Days, Reaching Its Highest Price Since 2013
18.5.2024
This week, the price of one ounce of silver has seen a significant rise. Over the past five days, silver has increased by more than 11% against the U.S. dollar, surpassing gold’s 2.3% five-day gain. Silver reached $31 per troy ounce for the first time since February 2013. Silver Hits $31...
Liquid Staking Market in Flux: Withdrawals Hit Swell and Mantle, Reshuffling Landscape
17.5.2024
Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing...
Tether mints another $1B mint — Last time it helped Bitcoin climb to $73K
17.5.2024
Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024
Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains
17.5.2024
The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto's big rally this week continues
Terra Luna Classic Price Prediction as Binance Burns 59 Billion Tokens – $10 LUNC Incoming?
17.5.2024
LUNC has declined by 1% in the past 24 hours, with the Terra Luna Classic price dropping $0.000108 as the wider crypto market gains by a very slight 0.5% today.
The post Terra Luna Classic Price Prediction as Binance Burns 59 Billion Tokens – $10 LUNC Incoming? appeared first on Cryptonews
Bitcoin Hits $67K, Leading to $45M in Short Position Liquidations
17.5.2024
The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the past day. $120M in Crypto Positions Liquidated...
Lackluster Performance for Hong Kong Bitcoin ETFs Since Launch
17.5.2024
Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs...
NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update
17.5.2024
All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally