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Bybit Launches Revolutionary $3M USDT Subaccount Summer Gold Challenge

Subaccount, an industry-first mechanism that enables users to take part in numerous campaigns at once, is the new competition mechanism that Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, is launching this summer. The inaugural trading competition event using this new standard is the Subaccount Summer Gold

July 18, 2024 2 mins read

Lumia Announces Launch of Layer 2 Network to Boost RWAs Accessibility

Lumia has announced the release of its layer 2 network for Real World Assets (RWA). By deploying it, RWAs will have more access, deeper onchain liquidity, and new use cases for tokenized assets. One of the first rollups particularly made for RWAs, Lumia is a modular L2 geared to achieve

July 17, 2024 2 mins read

Cardano Price Surge to Two-Month High Amid Mixed Sentiment

Cardano’s price hit a nearly two-month high of $0.4299 in the past 24 hours, surging by 4%. This rise occurs despite trader sentiment largely writing off the altcoin, with its price remaining down by 43% over the past four months. Notably, Cardano had hit an eight-month low of $0.3165 during

July 17, 2024 2 mins read

Chainlink (LINK) Price Surges: Eyeing $20 Target Amid Bullish Revival

Amidst a bullish revival in the altcoin market, the Chainlink (LINK) token is witnessing a high momentum reversal rally. The LINK token price has surged by an impressive 12% over the past few days before experiencing an intraday hit of 2.14% today. As the altcoin currently trades in the $14

July 16, 2024 2 mins read

Ripple (XRP) Signals Recovery as Optimism Grows Pre-SEC Settlement

While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments.  The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that

July 16, 2024 2 mins read

Fed Chair Jerome Powell Hints Rate Cuts Despite Inflation Above 2% Target

The Federal Reserve will likely not wait for the inflation to fall below 2% before decreasing interest rates, according to Federal Reserve Chair Jerome Powell. Although it is still higher than the Federal Reserve’s 2% objective, recent data from the US Labor Department reveals that inflation is dropping to 3%.

July 16, 2024 2 mins read

Crypto Market Sees Rebound with Record Investment Inflows

The global crypto market has rebounded sharply, with the total market cap reaching $2.29 trillion, marking a 3.69% increase over the past day. Trading volume surged by 23.24% to $64.1 billion in the last 24 hours, dominated by stablecoins which accounted for $58.52 billion, constituting 91.29% of the total volume.

July 15, 2024 2 mins read