In Brief Cardano founder Charles Hoskinson announced plans to work with the incoming Trump administration to develop clear crypto regulations. Hoskinson revealed that his company, Input Output Global, will establish a dedicated policy division to positively engage with lawmakers. Hoskinson’s announcement coincides with a 34% surge in Cardano’s ADA token, reflecting renewed investor optimism in…
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In Brief Shiba Inu rallies 36% to a five-month high, forming a bullish “Golden Cross” pattern, signaling possible continued growth. The Golden Cross boosts investor optimism, but with 30% of holders in profit, potential profit-taking could pressure SHIB’s price. SHIB targets $0.00002976 resistance; failure to break through could prompt a pullback to $0.00002267, testing the…
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In Brief Stablecoin issuer Tether has completed its first crude oil transaction in the Middle East. The $45 million deal, involving 670,000 barrels of oil, was executed using USDT in October. Tether is also collaborating with regulators globally to halt USDT use for illicit activities. Tether, the issuer of the popular stablecoin USDT, announced the successful completion…
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In Brief Chainlink breaks from three-month range, targeting $14.45 with a potential rise to $17.83, sparking investor optimism. Analyst predicts a 37% rally, supported by the GIOM indicator, as LINK’s $14-$18 range could drive profits for holders. Failure to hold $14.45 support risks a pullback to $12.94 or $11.64, potentially weakening bullish momentum and investor…
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In Brief Altcoins rise as Bitcoin nears record highs but sees a slip in market dominance, hinting at a possible Altcoin Season. Analysts highlight Bitcoin’s approaching bearish MACD crossover as a historical precursor to altcoin outperformance. Altcoin Season needs 33 top altcoins to surpass Bitcoin in growth; currently, 19 have, indicating early but incomplete momentum.…
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In Brief BlackRock’s Bitcoin ETF, IBIT, now surpasses its gold ETF, with record inflows amid a market rally. Trump’s election and Fed rate cuts fuel IBIT’s meteoric rise, intensifying Bitcoin’s status as “digital gold.” Bitcoin ETFs saw $1.38 billion in inflows, with BlackRock’s IBIT capturing $1.1 billion, far outpacing competitors. Trading data reveals that BlackRock’s…
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In Brief Shiba Inu has formed a cup-and-handle pattern on the daily chart, suggesting a breakout. The Money Flow Index rises, indicating that buying pressure supersedes bearish strenght If sustained, the current bullish momentum could drive SHIB’s price toward $0.000025. Shiba Inu (SHIB) appears ready to extend its recent gains, as the daily technical technical…
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In Brief Solana’s (SOL) price surged 20% in a week, showing strong upward momentum but raising sustainability concerns. Indicators like BBTrend (2.53) and ADX (47.3) suggest a strong yet market-dependent uptrend. SOL may test $210 resistance, but risks include broader market shifts or testing support at $179 or $165. Solana (SOL) price is showing some promising…
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In Brief Following Elon Musk’s outrage over the death of Peanut the Squirrel, the PNUT meme coin hit a $130 million market cap. Data shows that both whales and retail market participants bought into the hype as the meme coin soared in three days. While, PNUT’s price initially hit $0.14, it has retraced and the…
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In Brief Coinglass reveals that most Toncoin traders have opted to short the altcoin after its recent decline. On-chain data shows an increase in dormant TON tokens, indicating that a rebound is not close by. TON’s price currently trades below the 20 and 50 EMAs, suggesting that it could slide to $4.46. On November 1,…
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