Author: Crypto News

Bitcoin’s bull market cycle is accelerating, CoinMarketCap says. It’s running 100 days ahead of its typical four-year cycle. This raises the possibility of a “super cycle” fueled by institutional adoption, ETFs, and changing market dynamics. Read the full article here

FTX/Alameda has unstaked over $1 billion in Solana (SOL), raising concerns about potential market impact. Despite this, SOL remains resilient, trading near $137. However, the large-scale unstaking could increase selling pressure and affect future price movements. Read the full article here

Ronan Joyce, director of digital innovation at Manchester United, said: “Player Trading Cards allows United fans to collect the whole men’s first team squad, to see those collectibles evolve throughout the season as games are played and goals are scored, and have the ability to play those cards in a exciting fantasy football game.  “It’s a club-first, it means you can compete against your mates all year long, and it adds even more drama and excitement to watching the Reds at Old Trafford and on the road this season.” Sunil Singhvi, head of culture at Trilitech, Tezos R&D Hub, added:…

Last updated: May 30, 2024 01:51 EDT | 2 min read According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF. The filing, submitted on May 28, has left investors and industry observers speculating about the reasons behind this unexpected move, especially given the SEC’s recent approval of eight similar financial products.Hashdex Withdraws Application for Spot Ether ETF Following SEC ApprovalsFiling of Hashdex’s withdrawal. Source: US SEC The Hashdex Nasdaq Ethereum (ETH) exchange-traded fund (ETF) aimed to combine spot Ether holdings with Ether…

Last updated: May 30, 2024 00:20 EDT | 1 min read The New York Stock Exchange (NYSE) on Wednesday announced its intention to introduce cash-settled spot Bitcoin options, pending regulatory clearance.The new Bitcoin options on the NYSE will track the CoinDesk Bitcoin Price Index (XBX) to determine their value. This index, created by CoinDesk Indices, has been around for a decade and is already used to track over $20b worth of Bitcoin ETFs.“As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce…

Last updated: May 29, 2024 21:34 EDT | 2 min read Solana Meme Coin Prices Surge – Dogwifhat Up 20% and Sealana Raises Over 3 Million / Source: Cryptonews Solana meme coin prices are surging, with dogwifhat (WIF) up a stunning 27% since the start of the week while an exciting new coin called Sealana (SEAL) has raised more than $3 million.WIF retested $4.0 on Wednesday and looks likely to soon retest its 20224 highs around $4.80.Solana meme coin dogwifhat has a chance of retesting yearly highs. Source: TradingViewIt was last trading around $3.77. Meme coins have been doing well…

Last updated: May 29, 2024 20:25 EDT | 2 min read Trader Turns $462 into $3.4 Million Thanks to PEPE / Source: Cryptonews While very volatile, cryptocurrencies offer some of the highest potential returns in investing, especially with assets like meme coins.The potential of meme coins to turn a small investment into a fortune was on full display recently.As per on-chain monitoring and analytics firm Lookonchain, one trader recently turned $462 into $3.4 million in Pepe (PEPE). An early buyer of $PEPE deposited all 182.9B $PEPE($2.53M) into #Binance 6 hours ago. This guy spent 0.22 $ETH($462) to buy 324.9B $PEPE…

Last updated: May 29, 2024 18:05 EDT | 1 min read Source: Pixabay / AKuptsova Mastercard’s new “Crypto Credential” service has now gone live, making peer-to-peer crypto transfers far more intuitive for average users.The payment giant’s new service allows users of select crypto exchanges to send and receive digital assets using a Mastercard Crypto Credential Alias rather than blockchain addresses, which are long and confusing strings of random numbers and letters.Mastercards’s Crypto Credential Service“This solution not only replaces complex wallet addresses with user-friendly aliases, but also makes sending blockchain transactions secure, transparent and accessible,” wrote Mastercard to Twitter on Wednesday.…

Last updated: May 29, 2024 17:56 EDT | 1 min read At Consensus 2024, PayPal Holdings, Inc. announced on May 29 that it would expand its stablecoin, PayPal USD (PYUSD), to the Solana blockchain. Paypal’s goal is to enhance transaction speeds and reduce costs, providing users greater flexibility and control. The integration will use Solana’s high-speed and low-cost infrastructure.PayPal USD is issued by Paxos Trust Company, a fully chartered limited-purpose trust company regulated by the New York State Department of Financial Services. U.S. dollar deposits, U.S. Treasuries, and similar cash equivalents fully back reserves for PYUSD.PayPal Using Solana’s Tech Infrastructure…

Last updated: May 29, 2024 17:28 EDT | 2 min read Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.The proposal, offering US$2.30 per Bitfarms common share in cash and Riot common stock, was evaluated by a Special Committee of the Bitfarms Board, consisting solely of independent directors.Bitfarms Special Committee’s EvaluationBitcoin mining firm Bitfarms explained its decision to reject Riot Platforms’ acquisition proposal in a statement.According to a recent Bloomberg report, Riot’s offer includes a mix of cash and common stock, valuing Bitfarms at…