Shiba Inu’s Layer 2 Shibarium announced the launch of ShibTorch, a burn portal on Friday. Every transaction on Shibarium now contributes to token burn, per the announcement. SHIB eyes 12% gains, trades at $0.00001334 at the time of … [Continue reading]
XRP update: Ripple USD, CLO comments on likelihood of SEC appeal, partnership with SBI Digital Asset Holdings
Ripple CLO Stuart Alderoty believes the SEC is less likely to appeal the final ruling in the lawsuit. Ripple’s SVP of stablecoins recently spoke on the definition of the asset as the firm continues to test RippleUSD in private beta. The … [Continue reading]
Solana hovers under $140 as its unclear whether SOL ETF filings are withdrawn
Solana ETF 19b-4 forms for VanEck and 21Shares are no longer visible on the CBOE website, leading to questions on whether applications were withdrawn. Solana ETF applications were filed on July 8, exchange operator CBOE had addressed the rising … [Continue reading]
AVAX set for $196 million supply shock amid heavy crypto unlocks next week
AVAX will add $196 million to its circulating supply, the largest among next week's crypto token unlocks. AVAX holders have experienced nearly a 50% loss year-to-date following consecutive price dips. Token Unlocks data for next week reveals … [Continue reading]
AAVE could see a massive rally if it completes key bullish move
AAVE's price is showing strength again after potentially washing away weak hands following price dips in mid-July and August 2. On-chain metrics show long-term holders are unwilling to sell despite recent price rally. AAVE could rally above its … [Continue reading]
Ethereum price forecast amid data showing Donald Trump holds over $2 million in ETH
Ethereum ETFs break inflows streak with over $39 million in net outflows. BlackRock's crypto ETF on-chain holdings have overtaken those of Grayscale ETFs. Donald Trump holds over $2 million in Ethereum, per Arkham Intelligence. Ethereum could … [Continue reading]
Ethereum’s rally is dependent on key technical indicators amid $39 million in ETF outflows
Ethereum ETFs break inflows streak with over $39 million in net outflows. BlackRock's crypto ETF on-chain holdings have overtaken those of Grayscale ETFs. Donald Trump holds over $2 million in Ethereum, per Arkham Intelligence. Ethereum could … [Continue reading]
Australian Dollar steady as hawkish RBA makes the Aussie gain interest
AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. The AUD/USD pair experienced an increase of 0.40% during Friday's session, settling near 0.6950. … [Continue reading]
Fed’s Gooslbee: Some things are flashing yellow, it’s getting a little cautionary
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that some economic signals are giving policymakers cause for concern, and nodded at a general tightening of credit facilities. Key highlights There are some things that … [Continue reading]
GBP/JPY shrugs off strong UK data, pulls back from 200-day SMA
GBP/JPY pulls back after touching 200-day SMA despite better-than-expected UK data. Analysts still expected the BoE to make rate cuts in 2024. The Yen gains strength from positive GDP data and expectations of more rate hikes from … [Continue reading]