The Funding Rate, a key indicator of sentiment in the derivatives market, has recently experienced a notable spike for Binance Coin (BNB), suggesting a potential shift in market dynamics. As a reflection of traders’ positions, the Funding Rate for BNB jumped to 0.013% on July 3, raising questions about the
As regulatory uncertainty continues to cast a shadow over crypto-related firms in the United States, defendants are closely monitoring the outcomes of their peers’ cases, seeking common denominators that could potentially influence their own legal battles. In this context, Attorney Fred Rispoli, a prominent Ripple (XRP) advocate, has recently provided
The ADA community has shown remarkable resilience in the face of June’s declining trends. A measure of the average length of time coins are kept, the Mean Coin Age, has been steadily increasing. There seems to be a lot of faith in the future of ADA, since investors are keeping
Polygon’s (MATIC) price appears to be taking a bearish trajectory as the altcoin struggles to maintain the support of its investors. From whales attempting to sell their holdings to the increasing volume of losses, MATIC’s outlook is becoming increasingly pessimistic. Polygon Investors’ Confidence Erodes As the MATIC price continues its
Ripple’s (XRP) price has been on a steady decline since it reached a year-to-date high of $0.72 on March 11, with the token’s value falling by 7% over the past month. This recent downward trend has led to the formation of a descending triangle pattern. XRP is now attempting to
Compared to the previous quarter, Solana’s liquid staking rate increased by 1.76%. The amount of cryptocurrency staked on liquid staking platforms exceeds $54 billion, as reported by DefiLlama. Users may earn additional profits and keep liquidity with a derivative token for DeFi using liquid staking, which is different from regular
Cardano’s (ADA) price appears to be on the path to recovery, but the altcoin’s success heavily relies on the support it receives from the market and its investors. Fortunately for Cardano, ADA holders are already demonstrating a desire to experience gains once again, which could prove to be a crucial
The bears have successfully managed to limit the XRP price rally below certain levels, resulting in diminished interest among traders in the token. As both trading volume and volatility have decreased, the XRP price has maintained a steep descending trend, with no apparent signs of a bullish breakout on the
The majority of the allegations in a class action lawsuit involving XRP were dismissed, giving Ripple a major win in a recent legal development. The judge’s ruling in the Northern District of California Court reduced the matter to a minor state lawsuit over purportedly deceptive statements. The question of whether
A recent application for a spot Solana exchange-traded fund (ETF) by VanEck and 21Shares likely caused the price of Solana to jump. Moreover, there has been discussion of a potential price surge as many critical measures have continued to improve in the last few days on the Solana blockchain. Solscan
