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Solana (SOL) is currently experiencing a significant decline, dropping over 17% and reaching the critical $118 support level. This sharp downturn has put considerable pressure on this key level, raising concerns among traders and investors about the possibility of a further breakdown. The $118 level has historically been a stronghold for the cryptocurrency, but with the current bearish sentiment in the market, its ability to hold is still being determined. With the help of key technical indicators, this article will provide an in-depth analysis of Solana’s current price actions, assess the likelihood of breaking the $118 support, and explore potential…
Stronger threat assessments are needed to catch “seedy financial enterprises” facilitating money laundering schemes,” US Senator Charles Grassley said.
The Ethereum price performance has been a major source of concern for investors over the past few weeks, persisting in a downward trend. What makes the token’s struggles even more worrying is that it has not shown any signs of relief despite the recent launch of spot ETH ETFs (exchange-traded funds) in the United States. However, it appears that the underwhelming performance of the ETH ETFs — so far — might even be contributing to the Ethereum price troubles in recent weeks. Specifically, Grayscale has been seeing a significant flow of capital out of its Ether fund, the Grayscale Ethereum…
Sen. Lummis introduces Bitcoin Strategic Reserve Bill, Bitfinex hacker shows up at Bitcoin 2024, and Trump Bitcoin sneakers: Hodler’s Digest.
Following the announcement on July 27th at the Bitcoin conference in Nashville, the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide” or BITCOIN Act of 2024, introduced by Senator Cynthia Lummis of Wyoming, seeks to firmly establish Bitcoin as a strategic asset in the United States’ financial arsenal. At its core, the Act proposes the creation of a Strategic Bitcoin Reserve (SBR) and a structured Bitcoin Purchase Program, and comprehensive national custody policy. While the bill is quite brief, what follows is a breakdown of the Act’s key provisions, their implications, and the innovative funding mechanisms employed.The Strategic Bitcoin…
Former NBA player Scottie Pippen launched the Game 5 Ball (BALL) project, a real-world asset (RWA) project to tokenize the “legendary 1991 Game 5 championship ball.” After the launch, Pippen and the project were accused of rugging over 100 Ether (ETH) and being involved in other crypto scams. Now, Game 5 Ball’s team claims an alleged attack is responsible for the incident. Game 5 Championship Ball Immortalized On The Blockchain Basketball legend Scottie Pippen recently announced the launch of his Game 5 Ball RWA project. The crypto project aims to bring the “iconic piece of sports history to the blockchain…
In a recent price analysis, a crypto analyst has highlighted a crucial support level for Bitcoin (BTC), emphasizing the possibility for the pioneer cryptocurrency to plummet significantly to new lows if it fails to maintain certain key levels. Bitcoin Risks Crash To $42,000 On August 1, the pseudonymous crypto analyst DonAlt shared an in-depth price analysis and future outlook of Bitcoin on the TechnicalRoundup YouTube channel. According to the analyst Bitcoin could experience a potential price crash to $42,000 if it fails to hold the critical support level at $63,000. Related Reading Based on Bitcoin’s recent price actions and present…
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness.
Ever wondered what you can buy with crypto? Believe it or not, there’s a whole world of things out there that a lot of people don’t know about. You can buy pretty much everything with digital currency: from clothes to tickets, from fancy cars to your own penthouses. It’s crazy how mobile our world has become with technology and the internet, right? You can even take something real and own it with non-material money. Loads of services, companies, and retailers are now accepting crypto payments, and their product lists are endless. So, if you’re into crypto and have some earnings,…
MicroStrategy Incorporated (Nasdaq: MSTR) reported its financial results for Q2 2024, revealing an increase in its Bitcoin holdings. The company acquired 12,222 bitcoins since the beginning of the quarter, at an average price of $65,882 per bitcoin, bringing its total holdings to 226,500 BTC, purchased for $8.3 billion at an average cost of $36,821 per bitcoin, as of July 31st. In July alone, MicroStrategy acquired an additional 169 BTC for $11.4 million, Michael Saylor announced.In July, @MicroStrategy acquired an additional 169 BTC for $11.4 million and now holds 226,500 BTC. Please join us at 5pm ET as we discuss our Q2…