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The last 24 hours have been more than interesting for crypto investors across the globe. Thursday, July 13, saw one of the most important lawsuits in the history of the industry come to an end, and the ruling in favor of Ripple triggered a massive rally. As digital assets across the space recorded double-digit gains, liquidation volumes climbed quickly, now clocking over $300 million. Crypto Short Traders Take Big Losses The high volumes of crypto liquidations in the market so far have been a result of price recovery. As such, the vast majority of traders who have been losing money have been short traders, that is, traders who were betting on prices falling rather than recovering. According to data from Coinglass, out of the over $300 million in liquidations, short traders made up for a total of $219 million. On the flip side, the volume from long traders was much lower, coming in at only $82.74 million for the same 24-hour period. This means that short traders made up 70.33% of all liquidations during this time, as long traders made the most money. Furthermore, over 86,000 traders saw their positions liquidated on the last day, but the single largest liquidation happened on the Bitmex exchange. This position was worth $2.82 million at the time of liquidation, taking place across the XRPUSD pair on the exchange. As expected, Bitcoin led the liquidation volumes during this time, but interestingly, Ethereum was not the second-highest volume as it usually is. That title was claimed by XRP traders this time around with a total of $62.17 million liquidated in 24 hours. Will The Liquidations Continue? A major factor behind the liquidations was the wild price fluctuations that were triggered by the Ripple victory. Since the court declared that XRP was not a security, the price of the digital asset rallied over 60%, taking the rest of the crypto market with it. However, as the market has broken into a new trading day, prices are starting to stabilize and liquidations are beginning to settle out. If the market continues like this, then there would not be high liquidation volumes going forward. Unless something triggers a rally or a crash, which would lead to more liquidations. For now, the prices of digital assets such as Bitcoin, Ethereum, and XRP are holding their gains from yesterday quite well. BTC’s price is still above $31,000, ETH is trading slightly below $2,000, and XRP is still seeing 60% gains with its price sitting at $0.779 at the time of this writing.
 
A strategic alliance between Flare, the data blockchain, and FlareDashboard, a community-managed database, and dashboard providing information on infrastructure providers for Flare and Songbird, has been announced. The partnership intends to increase openness across the whole Flare ecosystem by producing insightful data on the independent network infrastructure contributors supporting the network’s decentralized operations. The first emphasis will be on Flare Time Series Oracle (FTSO) data providers, who are essential in supplying the network with decentralized price feed data. In order to enable network users to make informed choices, the partnership’s scope will ultimately be expanded to include all infrastructure users, including validators and State Connector attestation providers. The platform opens the way for a more transparent system by combining crucial data including team information, KYC compliance, operational history, data security, technological configuration, and network addresses. Through the website flaredashboard.io, all users of the network have access to this crucial data, giving infrastructure providers a chance to deliver extra information to the community.
 
XRP legal victory ignites altcoin rally, Solana surges double-digits in just 24h. Solana hit its highest point of the year, reaching $30 amid bullish news. In a remarkable turn of events, XRP has emerged victorious in its legal battle against the SEC, igniting an altcoin rally that has taken the crypto world by storm. Among the standout performers, Solana price has surged over 23.96% within a mere 24 hours, solidifying its position as a key player in the market. With the Ripple effect being impactful, XRP itself has skyrocketed, surging over 67%, while Cardano (ADA) has boasted a remarkable surge of 20.84%. Ethereum (ETH) has also reached new heights, surpassing the $2,000 mark. Noteworthy here is that Solana tops them all in the price surge chart. SOL Price Chart, Source:TradingView Solana(SOL) Price Surge, A Great Win? Despite enduring a series of struggles, including the FTX crash last year, Solana price has now hit its highest point of the year.The surge is impressive, considering that Solana’s trading volume has surged by an astounding 360.99% within a 24-hour period. Having remained relatively steady throughout the week, Solana experienced a minor surge yesterday, breaking the $25 barrier for the first time since April 18th.The news of XRP’s legal victory acted as a catalyst, propelling Solana’s growth further. While it initially faced resistance in reaching $22, the cryptocurrency persevered, ultimately achieving a milestone of $30. At the time of writing, Solana is trading at $28, swaying comfortably between a low of $22.23 and a high of $30 in the past 24 hours. Meanwhile, the Solana community is jubilant, celebrating the remarkable surge. XRP’s legal victory has created a path for the upcoming altcoin season. With Solana emerging as a clear winner, it defies expectations and continues its upward trajectory. The whole crypto community is anticipating what bullish news these major altcoins could bring in the future days. Highlighted News Today Top Altcoins to Watch as Ripple Victory Brings Pump
 
The crypto market continues to exhibit dynamic shifts as Polygon’s native token, MATIC, outpaces Litecoin (LTC) in the global rankings to secure the 10th spot. This move comes after MATIC experienced a surge of nearly 30% over the past week. Resurgence Amid Crypto Rally The general upswing in the crypto market in the past week has presented opportunities for numerous cryptocurrencies to make significant strides. Polygon (MATIC), for one, has capitalized on this trend, breaking through multiple resistance levels to claim the 10th position in the global crypto market, thereby leaving Litecoin (LTC) trailing behind. The asset’s surge, which saw MATIC price climbing from a low of $0.67 last Friday to a high of $0.88 yesterday before retracting to $0.84 at the time of writing, marks a nearly 30% increase in the past 7 days. The surge also signals MATIC’s resilience, given that it comes just a month after the United States Securities and Exchange Commission (SEC) classified it as a security, triggering a drastic dip in its value. This move by the SEC made MATIC dwell in a bloodbath for a week to trade below the $0.6 mark. MATIC Road To Recovery MATIC’s recovery, however, has been somewhat fascinating. Over the past 24 hours, MATIC has rallied by nearly 10%, exhibiting a strong upward trajectory. Interestingly, this rally mirrors the movements of several notable altcoins in the market, indicating a wider market recovery trend. Despite the initial setback following the SEC’s classification, MATIC has demonstrated a comeback. Its rebound not only highlights the resilience of the asset but also underscores its growing popularity among investors, which can be attributed to the increasing interest in the Polygon platform, known for its scalability solutions for Ethereum transactions. MATIC has witnessed a dramatic rise in its market capitalization over the past week, marking a nearly $2 billion increase. The digital asset, starting from a valuation of $6.2 billion last Friday, has seen its market cap surge to $7.89 billion as of today. Interestingly, it’s not just MATIC’s price and market cap that has experienced a notable upswing. Within the same week, the daily trading volume for Polygon has nearly doubled from its figures last Friday. This surge is evident in the jump from a trading volume of $357 million late last week to as high as $952 million in the past 24 hours. The sudden increase in trading volume indicates a significant uptick in trading activity within just a week. The overall rise in both price and trading volume paints a picture of significant market interest and increased investor activity around Polygon. Featured image from iStock, Chart from TradingView
 
One of the largest Shiba Inu whales which held 101.47T SHIB has reactivated. The SHIB price witnessed a rise of over 6.5% in the last 24 hours. Shiba Inu (SHIB), the popular memecoin, has recorded a price gain of more than 6.5% over the last 24 hours. This notable upswing comes as a part of the global crypto market’s response to Ripple’s recent victory. At the time of writing, Shiba Inu (SHIB) traded at $0.000007899 with a trading volume of over $230 million, which soared 206% in the last 24 hours. Notably, Shiba Inu jumped to the 17th position with a market cap of $4.68 billion. Additionally, over the week, the Shiba Inu has soared by 10% and the price of SHIB hit the $0.000008062 range on Thursday. Shiba Inu (SHIB) Price Chart (Source: Tradingview) The Revived Shiba Inu (SHIB) Whale SHIB has drawn further attention from the crypto community with the reactivation of an enormous Shiba Inu whale after almost two years. The recent Lookonchain data revealed that this Shiba Inu whale held 101.47 trillion SHIB tokens, 10.5% of the whole SHIB supply. These SHIB tokens, worth over $756 million, are divided among 23 separate wallets associated with this whale. Heightening the buzz, the revived Shiba Inu whale initiated a transfer of 4 trillion SHIB tokens. That worth $29 million, on Thursday. These transferred tokens are now found at eight new addresses, as per the Etherscan data. The sudden activity from this large SHIB whale has sparked speculation among crypto enthusiasts about its intentions. And the impact on the future price momentum of Shiba Inu (SHIB). It remains to be seen how Ripple’s win and the actions of this prominent whale will continue to shape the fate of Shiba Inu and the wider cryptocurrency landscape. Highlighted Crypto News Today: Top Altcoins to Watch as Ripple Victory Brings Pump
 
The Shiba Inu price has risen over 5% in the last 24 hours amid the market-wide hype surrounding Ripple’s partial victory in its legal battle with the US Securities and Exchange Commission (SEC). But SHIB investors should still be cautious: While the SHIB price shows a clear uptrend of 23% over the last 30 days, a complete confirmation of a trend reversal is still pending. Shiba Inu Price Analysis Technically, the Shiba Inu price remains in bearish territory for several reasons. As explained in previous analyses, the Shib price entered a downtrend channel in early February this year. The breakout from the bearish chart pattern succeeded six days ago, however, there is still a possibility that it is a fakeout. Shib’s trading volume was rather below average during and after the breakout. Only yesterday there was a noticeable increase. Within the last few hours, trading volume rose to $232 million, 200% higher than the previous day. In the best case, the volume should remain high to avoid a fakeout. More of a bearish argument is that yesterday’s SHIB rally stopped at $0.00000813. Thus, the price could not break above resistance at $0.00000816, nor could it set a new local high on the 4-hour chart. A look at the 1-day chart also shows that the SHIB price continues to trade below the 23.6% Fibonacci retracement level at $0.00000832. The following days could become crucial to confirm a sustainable trend change or a fakeout. The battle between bulls and bears is still in full swing. The bull side would ideally like to break out above the 23.6% Fibonacci retracement level with a high trading volume. This could be a first confirmation for a sustainable trend change. In this case, the 38.2% Fibonacci retracement level at $0.00000977 could come into focus. Close to it is also the long-term “bull boundary line”, the 200-day exponential moving average (EMA) at $0.00000961. If SHIB also exceeds this level, one can finally speak of a trend reversal. Before that, however, the current gains stand on shaky legs. Shibarium As Catalyst As NewsBTC reported, Shiba Inu chief developer Shytoshi Kusama has hinted a few days ago that the long-awaited layer-2 solution Shibarium will be unveiled along with numerous other innovations at the ETHToronto conference on August 15-16. With only 32 days left until this event, the hype could undoubtedly serve as a catalyst for SHIB. At least Shiba Inu ecosystem token BONE has already benefited from the announcement, raking in high double-digit percentage gains. Just today, Kusama fueled anticipation for Shibarium when he announced the relaunch of the official Shiba Inu website Shib.io. Via Twitter, Kusama teased “Enjoying the summer of Shibarium.”
 
Recent court ruling in favor of Ripple sparked the altcoin season to go high. Alongside XRP, Stellar (XLM) and other top altcoins record high price gains. Subsequent to Ripple’s legal victory against the SEC, the crypto market is undergoing a transformative period, exhibiting impressive price rallies. Dominant crypto coins, Bitcoin (BTC) and Ethereum (ETH), hit their new one-year highs. The enthusiasm of investors and traders embracing the current bullish wave is evident in the market’s daily trading volume, which has surged by nearly 131%. Crypto Market Heatmap (Source: TradingView) Remarkably, altcoins have taken over the top gainers list in the past 24 hours. Alongside XRP, the following altcoins lead the bullish altcoin season with their lucrative 24-hour price gains. Ripple (XRP) XRP, the native token of Ripple, has gone to the moon with the news of Ripple’s victory against the SEC. The cryptocurrency has experienced an explosive surge, boosting the confidence of the XRP community. Moreover, XRP overtook Binance Coin (BNB) and USD Coin (USDC) to rank at 4th position. The leading crypto exchanges, including Coinbase, Gemini, and Kraken, are relisting Ripple after the incredible lawsuit victory against the SEC. At the time of writing, the trading price of Ripple (XRP) is around $0.7886, with an increase of over 67.83% in the last 24 hours. The trading volume of XRP has witnessed an enormous surge of over 1688.78%, according to CoinMarketCap. Stellar (XLM) As Ripple’s victory sparked the altcoin season, Stellar (XLM) has become the top beneficiary, that registered a high surge of 54%. XLM spiked to hit its one-year-high of over $0.1977 during the Asian morning hours. At the time of writing, this altcoin traded in the overbought zone. Stellar (XLM) Price Chart (Source: TradingView) According to CoinMarketCap, at the time of writing, XLM traded at $0.1493 with an ultimate surge of 3208% in 24-hour trading volume. Stellar’s market capitalization surged to hit the $4 billion mark. Solana (SOL) Similar to other altcoins, Solana (SOL) experienced the regulatory hammer of the SEC, receiving the “security” label. Due to which, SOL’s price fell to $15, one of its bearish bottom. However, the lawsuit’s verdict fueled the SOL’s market momentum and prepared it for an uptrend. Solana (SOL) Price Chart (Source: TradingView) At the time of writing, the trading price of the Solana was around $28.43, with a surge of over 30.14% in the last 24 hours. While its daily trading volume experienced an increase of over 338.41% and SOL is currently in the overbought state. Pepe (PEPE) The popular frog-themed memecoin Pepe (PEPE) has also emerged as the day’s top gainer in the crypto market. The memecoin has shown a remarkable movement in its trading price in the recent altcoin season. At the time of writing, the trading price of Pepe is around $0.000001746, with a surge of over 18.46% in the last 24 hours. The trading volume of the memecoin has experienced an increase of 244.29%. PEPE Price Chart (Source: TradingView) Cardano (ADA) Cardano (ADA) has seldom been on the top gainers list since April. Thursday’s crypto positive event propelled ADA onto the list with a 24-hour price gain of 21% to $0.3673. Investors flocked in and boosted the altcoin’s daily trading volume by 808.47%. As per CoinMarketCap, at the time of writing, the Cardano (ADA) price was at $0.3504. Cardano (ADA) Price Chart (Source: TradingView) The significant surges in the crypto market have clearly shown that Ripple’s lawsuit victory has sparked altcoins to take over the top gainers. Moreover, the bullish momentum is expected to continue in the upcoming days and mark a significant milestone in the crypto market. Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice. Highlighted Crypto News Today: Ripple Bounces Back Strong, Major Exchanges Like Coinbase, Gemini Relist XRP
 
If you’re a bitcoin user who values privacy and anonymity, then the CoinJoin protocol is something you need to know about. CoinJoin is a privacy protocol that allows users to mix their bitcoin transactions with others in order to make it much more difficult to trace the origin of the bitcoins. One such bitcoin anonymizer with integrated CoinJoin protocol is bitcoin mixer WHIR. How does CoinJoin work? CoinJoin protocol relies on a technique called “coin mixing”. It’s a way of combining multiple bitcoin transactions into a single transaction that then distributes the bitcoins to their intended recipients. The goal of coin mixing is to make it difficult for anyone to trace the flow of bitcoins from their source to their destination. WHIR takes coin-mixing a step further by using a special set of rules to ensure the privacy and anonymity of the users involved. One of the key features of the CoinJoin protocol is that it uses a “blind signature” system. This means that the users involved in the transaction don’t actually sign the transaction themselves, but rather use a “blinding factor” that ensures the transaction is valid without revealing their identities. The next important feature of the CoinJoin protocol is that it is completely decentralized. This means that there is no central authority or intermediary involved in the mixing process. Instead, users rely on the blockchain to verify the validity of the transaction. CoinJoin is a trustless protocol that relies on cryptography and mathematical algorithms to ensure the privacy and anonymity of users’ transactions. Blockchain and Bitcoin mixing The CoinJoin protocol helps break the link between a user’s old and new bitcoin addresses. When you send bitcoin from one address to another, there is a permanent record of that transaction on the blockchain. However, by using the CoinJoin protocol, you can mix your coins with other users’ coins and effectively break the link between your old and new addresses. There are several tools available for users who want to take advantage of the CoinJoin protocol. One of the most popular is the Wasabi Wallet, an open-source bitcoin wallet that uses the CoinJoin protocol to mix transactions. Another popular option is the JoinMarket platform, which allows users to earn small fees by acting as ‘liquidity providers’ for CoinJoin transactions. However, these services require a Coin Join-supported wallet. How can WHIR help? WHIR is a simple, intuitive, browser-based bitcoin anonymizer that allows you to mix your coins in just two steps. No KYC, no account, and no need for CoinJoin-supported wallet. All you need to do is add the final wallet address of your transaction, and you’ll be given a unique address to send your funds to. The bitcoin mixing process will begin as soon as WHIR receives the first confirmation of your transaction. If you choose the “instant mixing” option, you will receive your mixed bitcoin within a few minutes. To make this coin-mixing process even more secure, WHIR permanently deletes all transaction logs 24 hours after the bitcoin mixing transaction is completed. WHIR does not log IP addresses and does not use third party tracking scripts. The minimum amount you can mix is 0.001 BTC, and for privacy reasons, WHIR limits each transaction to 10 BTC. When it comes to protecting your financial privacy, WHIR stands out not only for its cutting-edge CoinJoin technology, but also for its unwavering commitment to customer satisfaction. As a user of WHIR, you can rest assured that support is available around the clock to address any concerns or questions you may have. WHIR’s commitment to same-day 24-hour support and transparent transaction progress monitoring exemplifies their dedication to customer satisfaction. With a responsive support team always ready to help, and the ability to easily monitor the progress of your transactions, WHIR ensures that you can navigate the mixing process with confidence and ease. Why you should always use onion domain? To properly anonymize your bitcoins, always use the Tor domain of a bitcoin anonymizer. One of the best ways to ensure your privacy and anonymity is to use the onion domain of WHIR bitcoin anonymizer. This is because the onion domain is accessed through the Tor network, which adds an extra layer of security and privacy to your bitcoin transactions. The Tor network is a decentralized network of servers that allows users to browse the internet anonymously. When you access the onion domain of the WHIR bitcoin anonymizer through the Tor browser, your IP address is hidden, making it much harder for anyone to trace your bitcoin transactions back to you. One of the main benefits of using the onion domain is that it provides a much higher level of privacy and anonymity than the standard domain. If you use the standard domain, your IP address and other identifying information may be recorded, making you vulnerable to surveillance and other forms of tracking. Another advantage of using the onion domain is that you can access bitcoin anonymizer from anywhere in the world. Because the Tor network is decentralized, there are servers all over the world, making it easy to access the onion domain of the bitcoin anonymizer from anywhere at any time. The onion domain is also resistant to DDoS attacks. To mitigate these risks and increase privacy and anonymity, the onion domain of WHIR is a highly recommended option to consider. Conclusion WHIR is a revolutionary bitcoin mixing service that leverages the power of CoinJoin protocol to ensure the privacy and anonymity of financial transactions. Using advanced cryptographic techniques, WHIR ensures that your bitcoin activities remain confidential, providing a vital shield against surveillance, monitoring, and potential security breaches. With WHIR, you can enjoy greater financial privacy, security, and take control of your digital assets in an increasingly monitored world. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
Bitgert (BRISE) captures the community’s attention with the Etherscan integration. Despite a slight drop in price, daily trading volume of BRISE surges 31%. Bitgert (BRISE) has become one of the altcoins that generated a lot of buzz among the crypto community. Adding to their anticipation, the BRISE token expanded its scope in the ecosystem by achieving verification on Etherscan. Etherscan is a blockchain explorer and analytics platform for the Ethereum network that tracks all transactions, addresses, tokens, and corresponding prices. Now every interaction of BRISE on the Ethereum blockchain can be tracked on Etherscan. Bitgert (BRISE) Peaks in Popularity Concerning the total supply of the BRISE token range, which stands at 405B as per Etherscan, the active holders have increased recently. According to reports, Uniswap V3 hosts a high number of Bitgert (BRISE) tokens — 197 billion. While the dominant DeFi platform’s version 2, Uniswap v2, accommodates 21.61% of the volume of BRISE. Lately, the BRISE holders community is expanding as the token’s popularity is taking center stage on the internet. Current Status of BRISE Price The current market price of BRISE with respect to CoinMarketCap was $0.0000002603 and it witnessed a slight drop of 0.71% in the last 24 hours. However, the 24-hour trading volume kept growing and observed an increase of 28.88% to stand at $3,369,322. Bitgert (BRISE) Daily Price Chart (Source: CoinMarketCap) Though the global market capitalization ranks a bit higher than usual, the BRISE token seems to have a quiet fall of 0.48% to $102.7 million. Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice. Highlighted Crypto News Today: Bitgert (BRISE) Price Prediction 2023
Following Ripple (XRP)’s victory in court yesterday, there is a general bullish wave currently sweeping across the crypto market. According to data from CoinMarketCap, Cardano (ADA) has gained by 28.43% in the last 24 hours, with several other altcoins also posting double digits gains. Cardano (ADA) Price Action And Analysis Prior to its price boost yesterday, ADA had shown little to no movement all week, hovering around the $0.29 price mark. However, the token’s price spiked yesterday afternoon, reaching as high as $0.37 for the first time since early June. Related Reading: XRP Price Retreats After Massive 80% Rally, Buy The Dips? Looking at its broader performance, Cardano has had a mixed-price action since the start of 2023. The altcoin began the year in style, gaining over 70% to trade at $0.41 as of February 16. This price surge was, however, followed by a bearish trend bringing the token’s price as low as $0.30 on March 10. Thereafter, ADA would resume its bullish trajectory, rising to its highest price so far in 2023 at $0.45 on April 16. Over the next two months, Cardano’s price slumped once again before showing sideways movement over the last three weeks. Analyzing its 4-Hour Chart, ADA has encountered resistance at the $0.38 price zone and appears to be experiencing a recorrection. However, a rise in selling pressure could result in the token trading as low as $0.28, which marks its imminent support level. On the other hand, if the bulls retake control and manage to push past the $0.38 resistance price level, ADA is likely to rise to $0.42, which represents the next major resistance level. At the time of writing, ADA is trading at $0.35 with a 2.30% loss in the last hour. The token’s trading volume is up by a stunning 808.08% and is valued at $1.4 billion. With a market cap of $12.3 billion, Cardano is ranked as the 7th biggest cryptocurrency in the world. Ripple’s Victory Sparks Altcoin Rally Yesterday afternoon, U.S. Judge Analisa Torres ruled that XRP is not a security in the ongoing Ripple vs. SEC case. On the emergence of this news, the crypto market experienced a price boost, with mainly altcoins notching significant gains. Asides from Cardano (ADA), coins such as Solana (SOL), Avalanche (AVAX), and Polygon (MATIC), are also on the rise, recording profits at 31.98%, 14.50%, and 17.76%, respectively, in the last 24 hours. Related Reading: Optimism (OP) Rides The Wave Of Today’s Crypto Surge With 15% Rally That said, the premier cryptocurrency was not left out of the current market surge. Bitcoin has gained by 2.81% in the last day to trade above $31,000 again. At the time of writing, the total crypto market cap is valued at $1.26 trillion, with a 6.39% increase in a single day.
 
The price of Stellar (XLM) has experienced a similar meteoric rise to the XRP token in the last 24 hours. This rise was triggered by news that Ripple, the company behind XRP, had won its long-running case against the US Securities and Exchange Commission SEC. The SEC’s case that XRP is a security was the focus of the court trial. To the delight of the crypto community, Judge Annalisa Torres of the US District Court for the Southern District of New York ruled in Ripple’s favor, declaring the XRP token not to be a security. Stellar Looks To Enter The Top 20 Crypto Ranking The altcoin market had been dominated by bearish pressure in recent weeks due partly to the SEC’s declaration of tokens tied to Solana, Polygon, and Cardano as securities. This declaration formed the foundation of the regulator’s case against prominent crypto exchanges Coinbase and Binance. Related Reading: Optimism (OP) Rides The Wave Of Today’s Crypto Surge With 15% Rally That said, the market was jolted back to life yesterday following the announcement of Ripple’s court victory, with most tokens basking in green. Stellar also reacted swiftly to positive market sentiment, going on an almost 90% price rally within a few hours. The token’s price has since steadied, with Stellar currently trading with a 52.4 % gain. With this, XLM’s price rise places it amongst the top daily gainers in the cryptocurrency market today. As of this writing, XLM is valued at $0.147189, with a 3.9% price decrease in the past hour. The token has a 24-hour trading volume of over $1.26 billion, representing a 3,386% surge in the past day. According to CoinGecko data, the Stellar token is closing in on a spot in the top 20 largest cryptocurrencies, with a market cap of nearly $4 billion. Is $0.8 Within Reach For XLM? A look at the broader market shows that XLM has been underwhelming in recent days. Although the token scored some significant gains last month, it appears to have also been affected by the dour market conditions in July. Following the positive price movement of yesterday, investors are hoping to see the XLM price visit the $0.8 again. However, after hitting its all-time high of $0.875563 in 2018, the coin has only ever reached the $0.8 level once. Related Reading: XRP Price Retreats After Massive 80% Rally, Buy The Dips? On the weekly chart, the XLM token must overcome resistance at $0.2 and $ 0.4 price levels. So, it would take extraordinary bullish pressure for Stellar to reach $0.8 again. That said, the Relative Strength Index (RSI), an indicator that tracks the balance between the buying pressure and selling pressure of a token, suggests that the current bullish momentum might be waning. The daily RSI has crossed above the 70-mark, which represents the overbought zone. This indicates that the buying pressure is at its peak, and a reversal might be on the horizon.
 
The price surge marked a new high for the cryptocurrency in the last three months. Despite today’s increase, Ethereum’s price is still 59% lower than its all-time high. Following a judgment by a U.S. federal court that XRP should not be deemed a security in some contexts, the larger cryptocurrency market is nearly uniformly green today. This upswing has pushed Ethereum, the second-biggest cryptocurrency by market size, back over $2,000 after a two-month absence. The price of Ether (ETH) has risen past $2,000, marking a new high for the cryptocurrency by three months. During the Asian morning hours, the second biggest cryptocurrency by market size rose 7.4 percent, reaching $2,010 in value. Altcoins Rally Following Thursday’s Ripple-SEC verdict, the value of a number of layer-1 tokens rose by double digits, including Solana’s SOL, which has been labeled by the SEC as being a security. The Lido DAO governance token (LDO) has also increased by 25% in the last day. In addition, Bitcoin (BTC) surpassed its yearly high, with prices reaching $31,424. At the time of writing, Ripple’s XRP had risen by 64%, trading at $0.779 cents. Coinglass reports that in the previous 12 hours, cryptocurrency traders have closed short positions totaling $203 million. May 5 was the last day Ethereum traded for more than $2,000, according to data from CoinGecko. There were two short occasions in which Ethereum’s price was over $2,100 in April, but otherwise, ETH has been below $2,000 for the last 11 months. Despite today’s increase, Ethereum’s price is still 59% lower than its all-time high of $4,878 reached in November 2021, when the cryptocurrency market peaked. XRP’s own price has rocketed by 81% over the past 24 hours, and Ethereum is likely to follow the momentum and maintain a base above the $2k mark. Highlighted Crypto News Today: Founder and Former CEO of Celsius Granted Bail on $40M Bond
 
Monochrome has revised its application with its partner Vasco Trustees. Gaining a license will allow the company to introduce Australian retail investors to Bitcoin. In order to provide investors with access to a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), Australian crypto investment company Monochrome Asset Management has revised its application with its partner Vasco Trustees. According to the company’s release on July 14, the Monochrome Bitcoin ETF would be able to provide ordinary Australian investors with direct exposure to Bitcoin and Ether. Monochrome CEO Jeff Yew said that gaining a license will allow the company to introduce Australian retail investors to Bitcoin inside Australia’s strict regulatory framework. Regulated Exposure to Investors By providing a “familiar,” “structured,” and “protected environment” for Bitcoin investors, Yew thinks an ETF listing on ASX would send a “clear signal” to conventional investors that the “unregulated Wild West is coming to an end.” According to the company’s announcement, ordinary investors may have “regulated exposure” to the cryptocurrency market via Vasco, its “Responsible Entity Partner,” which has an Australian Financial Services License. The industry has recently been focusing on applications for spot Bitcoin ETFs, especially in the United States. Spot Bitcoin ETF registrations from major financial institutions have been seen in recent weeks. After much anticipation, Europe’s first spot Bitcoin ETF will finally launch later this year. London’s Jacobi Asset Management, a multi-asset investing platform, was planning to launch a Bitcoin exchange-traded fund (ETF) on the Euronext Amsterdam market in the summer of 2022. After the Terra ecosystem crashed in May 2022 and the FTX in November 2022, creating unprecedented market circumstances, the asset management had to delay the listing. The asset management said that it made the decision to debut the ETF immediately rather than wait due to a steady change in demand. Highlighted Crypto News Today: XRP Soars to Top 4 Cryptos Globally, Gaining 88% in Value Following SEC Legal Win
 
London, United Kingdom, July 14th, 2023, Chainwire Chancer, a revolutionary blockchain-based predictive markets app that’s taking the crypto and betting world by storm, has raised a whopping $750,000 in just 4 short weeks during its exciting presale. Stage 1 is now set to imminently sell out, with under 23% of tokens left before the price increases by 10%. The rise is driven by the unique premise of the platform, which offers completely decentralized betting, allowing users to ‘become the house’ and create their own odds. As well as the presence of the two founders, Adam and Paul Kelbie, who are fast becoming favorites in the blockchain community. Users interested in purchasing Chancer tokens can do so through the official website. Chancer: Driving the decentralized betting revolution Chancer is the world’s first decentralized and fully democratized blockchain betting platform. It puts the power firmly back into the hands of bettors, who are usually victims of unfavorable odds set by a house or bookmaker. These odds are stacked against bettors from the get-go. Additionally, these bookies often allow people to only bet on sports or mainstream events. That’s where Chancer is different. As a decentralized platform, users place bets among themselves, allowing for a fully peer-to-peer betting experience. Users can wager small bets among friends, or participate in viral bets regarding global events such as the World Cup Final, the Oscars, or even the US presidential elections. Powered by Google’s WebRTC, users can take up these bets and communicate with others in real-time whilst live streaming events as they unfold. All bets are made and paid out in CHANCER tokens, which gives the coin real utility as it is the lifeblood of the entire platform. As more and more users flock to Chancer, the greater the opportunity to disrupt the betting industry, which was worth more than $63 billion in 2022 and is set to skyrocket to over $150 billion by 2030, CHANCER’s price could also benefit from increased adoption and a spreading global reach. Chancer is also CertiK audited, which only goes to reinforce the faith in the project, given that the team has been fully KYC’d and given the stamp of authenticity many will expect from a development roadmap with such substantial scope. Unveiling the Remarkable Success of Chancer’s Raise With real use cases and a platform that works in favor of those using it, it’s easy to see why Chancer has managed to raise $750,000 in such a short period of time. Chancer has an extensive roadmap, detailing its plans from its presale right until it plans on becoming a DAO. Given this exciting trajectory and initial low price, it’s no wonder people are investing now to get in on the ground floor with Chancer. Not only that, but as of the 12th of July the developers added USDT and ETH purchase options, opening up the presale to millions more potential investors. Additionally, there are several perks for CHANCER token holders. Users can stake their tokens and potentially earn passive income in the form of tokens, and even receive discounted fees on bets. All of this, as well as the fact that users can set their own odds, makes it an innovative concept for betting and crypto enthusiasts. To further whet appetites and draw in an even bigger crowd, Chancer is currently holding a massive $100,000 giveaway in tokens. Ten lucky winners will be in with a chance to win a chunk of this money, which is Chancer’s way of giving back to the community. It doesn’t matter how many coins a user has — so long as he has some CHANCER in his wallet, he’s in it to win it. Upcoming Developments and Expectations for Chancer Chancer is still in its presale, presenting a potentially interesting prospect to those exploring new projects in 2023. Chancer’s current fundraising objective stands at $15 million. Considering the swift achievement of the initial $750,000, the company anticipates a smooth journey toward reaching its target. Following this, Chancer will launch on several exchanges, which will be announced during the course of the presale. Chancer presents a radical, completely unprecedented betting platform that empowers bettors and lets people decide on their own odds. With this in mind, Chancer has a real opportunity to overthrow some of the traditional and archaic betting houses in the market. Don’t miss out on this token opportunity, still currently at the low entry price of $0.01. About Chancer Chancer is set to develop the world’s first decentralized social predictive markets platform. This will allow Chancer token holders to create, and participate in their very own predictive markets based on their interests, expertise and social opportunities. The project intends to disrupt the global gambling and betting market by ‘removing the house’ and taking a slice of the market share as it garners attention by challenging the traditional bookmaking and betting business model. Users can get involved with Chancer on the official website. For more information: Website | Whitepaper | Socials Contact Adam Kelbie Chancer [email protected]
 
Optimism (OP), alongside major cryptocurrencies, has witnessed a remarkable surge in value amidst a wave of positive momentum sweeping through the broader crypto market. The recent victory of Ripple against the US Securities and Exchange Commission has sparked a sea of green, with investors expressing renewed confidence in the industry. In this flourishing environment, Optimism Network’s OP coin stands tall, exhibiting an impressive surge of nearly 15% in the past seven days. But can the Optimism Network sustain its upward trajectory in the face of regulatory challenges? OP Bulls Target $1.3 Resistance Level In the ever-changing landscape of the cryptocurrency market, the current price of OP coin on CoinGecko hits $1.38, reflecting a noteworthy rally of 14.2% over the past 24 hours. Additionally, within the last seven days, the coin has experienced an impressive surge of 14.7%. Since the first week of July, OP has been trading below the $1.3 mark. However, an OP price report notes that bullish investors are eyeing this crucial threshold to flip the H2 structure (see chart below) into a bullish trend. The $1.3 resistance level has posed a challenge for the OP coin’s value, preventing it from surpassing this critical point. Bulls in the market are striving to overcome this hurdle, which would signal a potentially bullish trend for the coin. Breaking through a resistance level requires bulls to employ various strategies and leverage market dynamics to their advantage. One approach is to increase buying pressure by generating higher demand for the asset. This can be achieved through positive news, improved market sentiment, or attracting new investors. By accumulating buying orders, bulls can potentially overpower selling pressure and propel the price beyond the resistance level. Related Reading: PEPE Price Drops More Than 60% From ATH – What Lies Ahead? Technical analysis plays a crucial role as well. Bulls carefully analyze price charts and employ technical indicators to identify patterns, trends, and potential entry points. They look for signals that indicate a breakout or reversal in price movement. Altcoins Rally As the news of Ripple’s triumph against the SEC spreads, the crypto market witnessed a major surge. XRP, Ripple’s native cryptocurrency, has skyrocketed by more than 60% at the time of writing. This remarkable climb has sparked fervent excitement within the “XRP army” community on Twitter. CoinGecko data indicates that XRP is currently trading above $0.76. In addition to XRP’s extraordinary rally, several other altcoins have also enjoyed significant gains. Altcoins such as Solana, Polygon, and Cardano, which were previously subject to scrutiny and classified as potential securities by the SEC, have reaped the benefits of this rising tide in the crypto market. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from
 
Court records show that Mashinsky entered a not-guilty plea to seven charges. Mashinsky’s NY City residence and bank account will serve as collateral for the bond. After his arrest on Thursday on allegations of fraud, a U.S. District Judge set bail for Alex Mashinsky, founder and former CEO of insolvent crypto lender Celsius, at $40 million. Court records show that Mashinsky entered a not-guilty plea to seven charges. Including deceiving investors and manipulating the price of his CEL token. On Thursday, the Department of Justice, the Federal Trade Commission, and federal securities and commodities agencies all indicated that they would be taking action against Mashinsky and other officials. Certain Restrictions As part of the agreement, Mashinsky is prohibited from leaving the country. And also from opening any new financial or cryptocurrency accounts. According to court records, his wife will be the only signatory on the bond. On the other hand, the identity of the other co-signatory is unknown at this time. His New York City residence and bank account will serve as collateral for the bond. Moreover, Mashinsky’s attorneys stated that their client refutes allegations against him. And will go all out to defend himself in court against the charges. According to the U.S. Department of Justice (DOJ), on Thursday, Alex Mashinsky was detained in New York as part of an investigation into the failure of bankrupt crypto lender Celsius. In a seven-count indictment, the DOJ accuses Mashinsky and others of securities fraud, commodities fraud, wire fraud, and conspiracy related to the manipulation of the price of Celsius’ token CEL. Furthermore, in July 2022, the lending platform declared bankruptcy, and the cryptocurrency consortium Fahrenheit recently secured a deal to buy its assets. For allegedly misrepresenting investors about the firm’s health prior to its bankruptcy filing, New York Attorney General Letitia James filed a lawsuit against Mashinsky in January. Highlighted Crypto News Today: Ripple Bounces Back Strong, Major Exchanges Like Coinbase, Gemini Relist XRP
 
Bitcoin (BTC) price reaches a new yearly high following the court’s ruling in Ripple vs SEC. The global crypto market shows a 5% spike in market cap and a 130% surge in daily trading volume. Bitcoin (BTC), the largest cryptocurrency, marked its new one-year high of over $31,736 following the near conclusion of the legal battle between the U.S. SEC and Ripple. The court’s verdict favoring XRP sent ripples of optimism through the crypto market, resulting in a significant rally for XRP, Bitcoin, and other altcoins. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Ripple’s Victory Over SEC Propels Bitcoin (BTC) For the past three weeks, Bitcoin has been fluctuating within the $30,000 to $31,000 range. However, the outcome of the lawsuit provided much-needed impetus for the global crypto market. Additionally, the current Ripple victory has instilled renewed confidence in the cryptocurrency market, attracting investors and fostering positive sentiment. Bitcoin (BTC) Timeline Currently, Bitcoin upholds the largest market cap of $609 billion and a market dominance of 49%. At the time of writing, as per CoinMarketCap data, the price of Bitcoin (BTC) stands at $31,474. Looking at the past 30 days, Bitcoin price witnessed a gain of 21%. On a year-to-date (YTD) basis, BTC experienced a 90.5% surge, reflecting its long-term potential as a store of value. Moreover, these positive changes in Bitcoin’s price signify the overall optimism surrounding the cryptocurrency, despite the inherent volatility of the crypto market. Also, Bitcoin’s ongoing upward trend suggests that it remains a favored choice for investors. On the other hand, Ethereum (ETH) also marked its new one-year high of over $2,028. At the time of writing the daily trading volume of ETH surged by 111.8% and the Ether price was $1,998. Highlighted Crypto News Today: Ripple Bounces Back Strong, Major Exchanges Like Coinbase, Gemini Relist XRP
 
The Bitcoin price tagged a new yearly high yesterday at $31,840, leaving market participants wondering about the driving forces behind this bullish momentum. The Power of Economic Indicators One of the crucial factors contributing to Bitcoin’s upward trajectory was the release of the United States Producer Price Index (PPI) data. The latest figures revealed a significant slowdown in inflation, with PPI YoY dropping to 0.1% in June, surpassing expectations and marking the smallest pace since August 2020. Notably, the Core PPI YoY came in at 2.4%, slightly below the estimated 2.6%, reinforcing the notion of a diminishing inflationary environment. This decrease in PPI is seen as a positive sign for the Consumer Price Index (CPI), providing hope for a more stable economic landscape. Macro researcher Mortensen Bach emphasized the significance of the PPI’s impact, stating, “PPI always leads CPI. Inflation is no longer a thing and input prices clearly indicate that! Deflation remains the primary risk going forward. This is what happens when you have a Federal Reserve who is blindly focused on backward-looking data!” Echoing these sentiments, macro analyst Ted added, “PPI inflation leads CPI by a few months… and today’s PPI numbers have YoY running at +0.24%. Almost in deflation! Fed pivot anyone?” Also worth noting is that, May PPI inflation was revised lower from 1.1% to 0.9%. May Core PPI inflation was revised lower from 2.8% to 2.6%. The drop and revision lower in Core PPI is what the US Federal Reserve wants to see. Inverse Correlation With The DXY Another pivotal factor driving Bitcoin’s surge is the recent drop in the US Dollar Index (DXY) below 100.00, a level not seen in 15 months. This development has sparked renewed interest in risk assets like Bitcoin as a hedge against a weakening dollar. The inverse correlation between the DXY and Bitcoin has historically played a significant role in the cryptocurrency’s price movements, and this recent drop in the DXY has acted as yet another bullish catalyst. Ripple’s Partial Victory The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has probably provided another boost to Bitcoin’s price. Ripple’s partial victory in the case has generated optimism in the crypto community and can be seen as a net positive event for Coinbase, which is embroiled in its own legal dispute with the SEC. Interestingly, Coinbase serves as the exchange partner for all U.S. Bitcoin spot Exchange-Traded Funds (ETFs) currently filed with the SEC. Recently, chair Gary Gensler’s comments on Coinbase’s involvement in ETF filings have raised concerns about the suitability of the exchange as a market surveillance sharing partner, as Bitcoinist reported. Eric Balchunas, a Senior ETF analyst for Bloomberg, expressed his apprehension, suggesting that “SSA could be pointless if this is a problem for him.” With this in mind, the Ripple victory can also be seen as extremely positive news for the approval of a Bitcoin spot ETF, as Coinbase could benefit from the ruling in its case against the SEC. At press time, the BTC price retraced to $31,250, up 2.6% in the last 24 hours.
 
VC Spectra (SPCT) groundbreaking features enabled this hidden gem to raise over $2.4 million in private/seed sales. The platform continues to rise as it prepares for Stage 2 of the public presale, attracting numerous investors with its huge potential and exceptional real-life utility. ChatGPT agrees with experts’ prediction that early VC Spectra (SPCT) investors could soon obtain million-dollar rewards. Let’s get into the ‘why!’ >>BUY SPCT TOKENS NOW<< VC Spectra (SPCT) ChatGPT Prediction According to OpenAI’s ChatGPT, investors in hidden crypto gems should ‘evaluate several factors, such as the project’s technology, team, adoption potential, and overall market conditions.’ Furthermore, ChatGPT urges crypto traders to diversify their portfolios in order to effectively manage risks. Experts have underlined VC Spectra’s (SPCT) potential to overtake the crypto market since the token’s fantastic real-life utility allows adoption across various blockchains. Furthermore, the platform’s highly advanced protocol empowers users to receive optimal gains while minimizing the risks. Investors have currently bought over 95,609,000 VC Spectra (SPCT) tokens, or 76.49% of SPCT’s Stage 1 supply. So, let’s analyze what makes VC Spectra (SPCT) stand apart from the competition as the token nears the 2nd presale stage. VC Spectra (SPCT) Brings Stability and Enormous Gains VC Spectra (SPCT) is a community-driven decentralized hedge fund that offers the best investment possibilities in current blockchain projects and technology startups. VC Spectra (SPCT) users can delve into a large number of tokens and niche markets and diversify their portfolios with the projects that have the biggest potential to bring substantial gains. VC Spectra’s (SPCT) AI trading systems boast unparalleled precision in choosing the most viable market options. Furthermore, VC Spectra (SPCT) extensive risk analysis empowers investors to make informed decisions that are ultimately rewarded with quarterly dividends and buybacks from the profits. On top of that, VC Spectra’s (SPCT) BRC-20 standard token includes a deflationary burn mechanism that reduces circulation over time. VC Spectra (SPCT) holders receive multiple perks and bonuses, such as exclusive access to discounted pre-ICOs and voting rights for future investments. Therefore, each individual in VC Spectra (SPCT) democratically governed community can get directly involved in the platform’s practical matters. On top of that, VC Spectra (SPCT) investors retain total control over their assets and continually track their portfolios’ performance via the platform’s convenient interface and visual tools. Investors at the initial stage of VC Spectra’s (SPCT) public presale are set to receive the highest rewards as this hidden gem continues to expand its reach. Don’t hesitate to chip in while the VC Spectra (SPCT) token is still selling for just $0.008, as the 2nd presale stage will see the token surging to $0.011. Therefore, early SPCT adopters will obtain an unbelievable 37.5% ROI at the next presale stage and up to 10x gains when the token reaches the $0.08 presale target. Experts predict infinitely bigger returns once the token hits exchanges, so don’t miss this unique chance to realize your millionaire dreams and invest in VC Spectra (SPCT) right away! Learn more about the VC Spectra presale here: Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io Telegram: https://t.me/VCSpectra Twitter: https://twitter.com/spectravcfund Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
XRP emerges victorious as a U.S. court rules it is not a security. XRP makes a remarkable comeback as major exchanges relist the token. After the court ruling, XRP price surges 67.40% in the last 24 hours A major crypto twist unfolded in the crypto market as Ripple’s XRP experienced a resurgence. Several prominent exchanges have announced their plans to relist XRP. The surge follows a U.S. federal court ruling that declared the sale of XRP on exchanges and through algorithms as not constituting investment contracts. This ruling has prompted Coinbase, Gemini, Kraken, and Bitstamp to relist XRP trading on their platforms. The court’s order, which granted a partial motion for summary judgment in the SEC case against Ripple, has yielded a favorable outcome for XRP. As a result, its trading volume displayed a staggering increase of over 1000% in the last 24 hours. The massive surge propelled XRP to claim a position among the top four cryptocurrencies, surpassing BNB and USDC. Major Exchanges Relists XRP, What’s Next? Coinbase, one of the leading cryptocurrency exchanges, took to Twitter to announce its plans to relist XRP. The exchange stated that it will re-enable trading for XRP on the XRP network once there is a sufficient supply of the asset. Coinbase plans to launch the following trading pairs in phases: XRP/USD, XRP/USDT, and XRP/EUR, reflecting its users’ growing interest in XRP. Gemini, another prominent exchange, also expressed its intentions to relist XRP for both spot and derivatives trading. The court ruling served as a catalyst for Gemini to reconsider its stance on XRP. Likewise, crypto exchange Kraken wasted no time in declaring its plan to enable the US users to deposit and trade XRP on its platform. Additionally, Bitstamp, one of the early adopters of XRP trading, swiftly reacted to the court ruling by taking initiative to relist XRP. Highlighting its global liquidity position, Bitstamp emphasized its role as a leading venue for XRP trading, while also noting Ripple’s minority stake in the exchange. The court’s decision, coupled with the resounding support from major crypto exchanges, marks a defining moment for XRP. As it continues to gather momentum, the crypto community watches with anticipation. Meanwhile, XRP fed confidence to the fellow altcoins, which labels this day as the start of the Altcoin Season. Highlighted News Today XRP Soars to Top 4 Cryptos Globally, Gaining 88% in Value Following SEC Legal Win
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