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“# Filecoin ignores Elon Musk’s Bitcoin FUD as FIL price rockets by 17% ” FIL, the native crypto asset of the Filecoin network, was among the best performing digital assets Friday as it maintained its gains against a very bearish cryptocurrency market. The FIL/USD reached an intraday high of $102.109 at around 0300 UTC, up…
“# Feast or famine on Dogecoin as Coinbase pump triggers whales’ return ” Some of Dogecoin’s (DOGE) observable metrics depict a blockchain in violent flux amid the fallout from the meme coin’s Coinbase Pro listing. The dollar amount sent across the blockchain in a single day exceeded $47 billion on Thursday — a 690% increase…
“# Bloomberg report calls Bitcoin ‘refreshed and discounted’ as BTC price bounces at $36K ” Bitcoin (BTC) bounced off a predicted floor on June 4 as the dust settled on the latest market collision with Elon Musk. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoiners poke fun at Musk’s “break-up” Data from Cointelegraph Markets Pro…
“# DeepDAO secures $3M for expansion even as DAO treasuries halve in one month ” DeepDAO, a website aggregating data on decentralized autonomous organizations (DAOs), has raised $3 million for future expansion in a round led by venture capital firms Hypersphere and DFG. An announcement asserts the “overwhelming demand for DeepDAO’s seed round shows strong…
“# Shanghai Man: ‘Green-light’ for miners? CZ not responsible for BSC, Uniswap frauds on TV ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Could green miners get a pass? Last…
“# Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop ” DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some analysts describe as a ‘compression’ phase, the total value locked in DeFi and the value many…
“# Here’s 3 ways the relative strength index (RSI) can be used as a sell signal ” A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they keep holding on to…
“# AMC ‘meme stock’ frenzy may spill over to crypto as Bitcoin metric nears buy zone ” Bitcoin (BTC) is slowly but surely preparing to flash “buy,” a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle. In its latest report on June 3, Stack Funds highlighted the Puell Multiple nearing…
“# Polkadot (DOT) and Kusama (KSM) skyrocket in price after attracting $30M in funding ” Polkadot (DOT) and Kusama (KSM) rose in tandem on June 3 as traders assessed a venture capital firm’s major investment into their blockchain ecosystems. Dubbed as Master Ventures, an Asian blockchain incubator and venture capitalist announced that it had launched…
“# Analyst says Bitcoin could see ‘a smaller drawdown and a quicker bottom’ ” The cryptocurrency faithful got a reprieve from recent market struggles thanks to a rally in decentralized finance (DeFi) tokens and Dogecoin (DOGE) on June 2. A bit of a breakout in the price of Ether (ETH) and Bitcoin (BTC) may have…