In Brief Hedera (HBAR) market cap sits at $10.11 billion after peaking at $14.20 billion as the price eyes potential recovery. HBAR’s social dominance suggests rising interest, possibly fueling bullish sentiment and supporting the increase. A bull flag hints at a potential rise to $0.45. Increased selling pressure could invalidate this, pushing HBAR to $0.17.…
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In Brief Ink, the L2 blockchain by Kraken, launched on mainnet ahead of schedule, fueled by strong community support and developer enthusiasm. The project focuses on decentralization and interoperability, aiming to push the boundaries of on-chain experiences for users and builders. Ink integrates deeply with Optimism’s Superchain, driving Ethereum scaling and bolstering both platforms’ growth…
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In Brief Bitcoin spot ETFs in the US have surpassed gold ETFs in AUM, despite gold’s 20-year market lead. Major players like BlackRock and Fidelity drive demand, enhancing Bitcoin’s credibility and accessibility. Younger investors view Bitcoin as “digital gold,” reflecting a shift toward modern, decentralized store-of-value assets. Bitcoin has overtaken gold as the leading financial…
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In Brief Travala (AVA) surges 300% after Binance CEO reveals early investment and reports $100M in annual revenue. RSI drops from 96 to 47.8, signaling a transition from overbought conditions to neutral territory as momentum cools. ADX decline to 39.5 suggests weakening trend strength, with key support at $1.56 and resistance at $3.38. Travala (AVA)…
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In Brief MicroStrategy owns over 2% of Bitcoin’s supply, using debt and equity to amass 423,650 BTC worth $41.5 billion. Corporations like Riot and Marathon follow MicroStrategy’s lead, raising millions to expand Bitcoin treasuries. MicroStrategy legitimizes Bitcoin but raises risks of market instability and centralization with concentrated holdings. MicroStrategy, under the leadership of Michael Saylor,…
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In Brief Crypto whales bought $35 million in AAVE, boosting its price by 42% in a week. Continued buying could push it higher, barring profit-taking. Whale purchases of 6.30 million VIRTUAL fueled a rally to a new all-time high. The altcoin’s price could surpass $2.30 if buying persists. ONDO’s 17% price gain follows 7.34 million…
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In Brief Ubisoft integrates ENS subnames into the Captain Laserhawk Universe, enabling blockchain-based player identities. Players receive personalized Niji Warrior ID Cards linked to Ethereum addresses for secure in-game asset ownership. “Captain Laserhawk: The G.A.M.E.” launches on December 18, 2024, as a Web3 shooter built on Ethereum’s Arbitrum network. Ubisoft has collaborated with Ethereum Name…
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In Brief Avalanche Foundation raises $250 million in a private locked-token sale led by 40 firms. AVAX price surged 50% in 30 days, reaching $52.80, with potential for a rally toward $60. Avalanche’s Total Value Locked (TVL) crossed $1.61 billion, its highest in almost two years. Avalanche Foundation has raised $250 million through a private locked-token…
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In Brief BNB price faces a downtrend after reaching an all-time high, with ADX rising to 31, signaling intensifying bearish momentum. Below the Ichimoku Cloud, BNB shows weakening bullish signals, flat spans, and increased selling pressure in the short term. A potential death cross in EMA lines highlights risks of further declines, with key support…
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In Brief Telegram-based tap-to-earn crypto games are rapidly losing their user base despite a thriving overall crypto market. Players cite several factors, including repetitive gameplay and reduced airdrop rewards, as key reasons for their departure. Market obersvers have raised concerns over the sustainability of Telegram’s tap-to-earn models amid their current decline. Telegram-based tap-to-earn crypto games…
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