Author: Benjamin Lee
A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the world’s largest crypto exchange platform by trading volume. In a recent announcement, Binance said it is adding support for Lagrange (LA), preceding a significant dip in price. “Binance is excited to announce that Lagrange will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.” After the announcement, the digital asset went from a seven-day high of $0.676 on July 9th down to $0.416 at time of writing, a 32% decrease during the last 24 hours. Last month, LA saw the opposite…
Bitcoin price hit a record $113,923, driving altcoins higher. Despite the new BTC peak, exchange reserves continue to plummet. Investors’ reluctance to sell, despite the price spike, signals strong belief in Bitcoin’s future performance. Bitcoin (BTC) surged to a new all-time high of $113,923, pushing the broader cryptocurrency market into fresh bullish momentum. Yet, as BTC looks to rally further, analysts are saying the market is in no rush to cash in on the windfall, with holders choosing to keep their coins off exchanges to continue a trend seen over the past several months. Notably, Bitcoin has rallied more than…
A widely followed crypto analyst believes Bitcoin’s (BTC) bull market is just weeks away from coming to an end. The analyst pseudonymously known as Rekt Capital tells his 550,400 subscribers on the social media platform X that the Bitcoin bull market could end in two or three months if history repeats itself. According to the pseudonymous analyst, the Bitcoin bull market typically hits the peak around 518 to 546 days after the halving, suggesting it could occur between mid-September and mid-October. The fourth Bitcoin halving took place in April 2024. On what is in store for Bitcoin’s price over the…
A closely followed crypto analyst says that one mid-cap altcoin looks primed to quadruple by August while updating his outlook on Dogecoin (DOGE) and Solana (SOL). In a new strategy session, crypto trader Ali Martinez tells his 139,600 followers on the social media platform X that Pudgy Penguin (PENGU), the native asset of a non-fungible token (NFT) collection with the same name, appears ready to skyrocket aided by the launch of its upcoming exchange-traded fund (ETF). “Slap yourself if you are sleeping on PENGU. This is a textbook bullish retest. $0.060 by August is just the start. Once the ETF…
XRP price has gained 5% to hit $2.50, its highest level in nearly two months. Ripple’s token appears poised to challenge its 2025 high of $3.40. A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10. Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718. Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels.…
A recent on-chain investigation indicates a hacker plundered $29 million worth of the Solana (SOL) rival Sui (SUI) from a single victim last month. The on-chain sleuth ZachXBT uncovered the hack, which he notes occurred on December 12th. “The stolen funds were bridged from Sui to Ethereum via Bridgers and then deposited to Tornado Cash in batches… The victim transferred their .sui domains to a new uncompromised address shortly after the theft. Current limitations with Sui block explorers and Sui analytics tools make the theft difficult to trace.” Tornado Cash is an Ethereum (ETH)-based coin mixing system that helps users…
A widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts. Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH)-based automated staking service Lido DAO (LDO) is gearing up for a steep move up. The analyst believes that traders will enter long positions on LDO amid speculations that US regulators will approve the staking of ETH held in spot Ethereum exchange-traded funds (ETFs). “LDO Probably violent repricing when the filings come in the next couple of weeks… If you believe ETH staking…
Coinbase CEO Brian Armstrong says that the crypto exchange will need to rethink how it lists new coins for trading given the never-ending stream of new tokens being created. Posting on the social media platform X, Armstrong says there are too many coins do conduct proper evaluation and that applying regulatory clarity to them on an individual basis is now “totally infeasible.” “We need to rethink our listing process at Coinbase given there are ~1 million tokens a week being created now and growing. High-quality problem to have, but evaluating each one by one is no longer feasible. And regulators…
Digital assets-focused investment firms Pantera Capital and Jump Crypto reportedly helped a new palm-scanning blockchain project reach a more than $1 billion valuation. According to a new report by Reuters, the decentralized identity project Humanity Protocol has raised its fully diluted valuation to $1.1 billion after closing a $20 million funding round led by Pantera and Jump. The project aims to develop a network that uses palm scans to verify that online accounts belong to real people. Says Terence Kwok, founder of Humanity Protocol, “The protocol allows people to prove they are human without revealing personal details. This helps solve…
A widely followed crypto analyst says Ethereum (ETH) and altcoins are gearing up for a phase of significant outperformance. Closely followed strategist Credible Crypto tells his 459,600 followers on the social media platform X that ETH is presenting a great entry point for investors even though a dip is still in the cards before the rally. “I don’t think you can go wrong buying spot at these levels – the macro/HTF (higher time frame) charts look absolutely fantastic and, if correct, downside would be limited to 10-20% max with an upside of 100-500%+ in the coming months (depending on how…