Despite ADA’s far lower market capitalization, well-known cryptocurrency analyst Alex Becker has predicted that Cardano may beat Solana in the current market cycle. In contrast to Solana’s more established position, his analysis indicates that Cardano has more upside potential. Cardano reached over $0.83 on May 23 and is currently consolidating
Japanese investment firm Metaplanet Inc. has announced the issuance of $50 million in 0% ordinary bonds to fund its next round of Bitcoin purchases. The company, listed on the Tokyo Stock Exchange, confirmed the move in an official post, emphasizing its commitment to strengthening its Bitcoin treasury strategy. This 16th
The crypto market cap has settled at around $3.42 trillion. Notably, the meme coin market cap has reached $74.6 billion, after a brief spike in the last 24 hours. Meanwhile, the dog-themed Shiba Inu (SHIB) has lost over 1.53% in the past 24 hours. The meme coin kicked off the
Telegram is circling in the headlines for planning to raise $1.5 billion by issuing bonds. Renowned firms such as BlackRock, Citadel, and Mubadal are going to participate in the fundraising. Even though its CEO is still facing legal issues from the French authorities, it didn’t stop these companies from participating
The world’s largest crypto index fund manager, Bitwise, reveals that Ethereum now manages more institutional stablecoin flows than retail trades. Ethereum is now not only for non-fungible tokens and decentralized finance degens anymore. Bitwise Europe released a new analysis in which it mentions that the base layer of the network
The ASIC has filed a lawsuit against Liang Allan Guo, a former Blockchain Global executive. It accused Guo of owing over $20 million in unpaid customer claims. This allegation is in regard to the first-ever Australian crypto exchange collapse of the ACX. Guo served as a director at the Blockchain
Stuart Alderoty, Ripple’s Chief Legal Officer, formally requested the SEC for a clear-cut mention regarding the classification of cryptocurrencies particularly which are traded on secondary markets. In Alderoty’s opinion, not having rules in place stifles innovation and places U.S.-based blockchain companies are at a disadvantage in the worldwide market. The
Dogecoin (DOGE) has seen a notable increase in market activity, with its open interest (OI) reaching $1.3 billion in the last 24 hours. Coinalyze data points out that Dogecoin’s open interest rose 5.24% during this period, indicating greater excitement among traders. It is clear from the numbers that most of
After its all-time high at $5.13 in December 2024, Virtuals Protocol has shown a strong pattern of technical recovery. After a long stretch of falling prices, VIRTUAL has now started an upward trend that seems to be holding. The daily chart shows that March saw the start of an accumulation
The recent recovery attempt of the crypto market has failed to sustain, with the market cap settling at $3.42 trillion. Notably, assets like Quant, Walrus, and SPX6900 hold the top three gainers spot. The mixed signal lingering in the market has triggered the assets to oscillate between highs and lows.
