US Replaces Africa as Global Oil Swing Supplier, Consultant Says  Bloomberg

PEPE, thе widеly-followеd mеmе coin, might bе on thе brink of а mаjor shift. Rеcеnt tеchnicаl аnаlysis suggеsts а possiblе shift in mаrkеt momеntum, with bullish trаdеrs forеcаsting а substаntiаl pricе incrеаsе in thе nеаr futurе. WHALES_CRYPTOx, pseudonymous crypto trader, idеntifiеd а fаlling wеdgе pаttеrn on thе PEPE/USDT chаrt on thе 8-hour timеfrаmе. This tеchnicаl […]

Based on the present rate of outflows, ETHE's ether reserves may be exhausted in a relatively short timeframe, potentially within weeks.

Several X accounts have made comments on the social media platform's default setting that allows user's data "to train Grok."

The stablecoin ecosystem rose to over $164 billion this past week—the last time it did this was before the Terra ecosystem collapse, linked to the UST stablecoin. This spike in […] The post Stablecoin Market Capitalization Jumps to $164 Billion, Highest Since Terra Collapse appeared first on Live Bitcoin News.

Watch Paris Olympics Games Commence | Bloomberg: The Close 07/26/2024  Bloomberg

The top executives of renowned Bitcoin mining companies expect crypto mining to thrive under the Trump administration. Days before the US 2024 general election, the Americans expressed different opinions on the leadership of Democrats against the Republicans. At the Bitcoin 2024 conference at Tennesee, the miners engaged in intense dialogue to deliberate on the future … The post Marathon Digital CEO Projects Bitcoin Mining Would Flourish If Donald  Trump Wins Election first appeared on Tokenhell.

Several X accounts have made comments on the default setting on the social media platform that allows user's data "to train Grok."

Can these factors help Solana decouple from the rest of the market?

Marathon Digital will turn to a HODL strategy, indicating confidence in Bitcoin's long-term value. 

China Defends Manufacturing Push, Says World Needs More EVs  Bloomberg

Taiwan Shuts Second-to-Last Nuclear Plant in Controversial Shift  Bloomberg

Tether, the issuer of the top stablecoin USDT, has integrated TokenPocket, a leading multi-chain wallet, on the Telegram Open Network [TON]. With this TON joins Ethereum and Binance Smart Chain on its list of supported blockchain networks. Earlier, the leading stablecoin issuer leveraged the TON network to revolutionize the use of cryptocurrencies as a means of […]

Macro guru and Real Vision CEO Raoul Pal believes that Solana (SOL) will furiously outpace Bitcoin (BTC) this cycle. In a new YouTube strategy session, Pal says that Solana could be printing a classic bullish inverse head and shoulders pattern (I-HNS) pattern against Bitcoin. “That’s a killer inverse head and shoulders, cup and handle, whatever […] The post ‘There’s a Very Big Move To Come’: Raoul Pal Says One Indicator Signaling Solana Will Vastly Outperform Bitcoin appeared first on The Daily Hodl.

Rumors suggest Trump may propose Bitcoin as a strategic reserve asset, impacting global crypto regulation and policy, according to Bitfinex.

VanEck recently outlined a scenario in which BTC can skyrocket to $2.9M within the next 26 years.

Matt Kornack, real estate equity research analyst at National Bank, joins BNN Bloomberg to discuss the latest of REITs performance on the markets.

Jack Manley, global market strategist at J.P. Morgan Asset Management, joins BNN Bloomberg to discuss his bullish case for financials.

Here's what the future holds for XRP (according to some analysts).

In recent weeks, Chainlink (LINK) has had to contend with a choppy market, which mirrors quite generally the crypto landscape driven by Bitcoin’s enduring volatility. First off, LINK dropped 3% as Bitcoin trended downward, sending shockwaves throughout. Things are changing, however. With Bitcoin’s recent resurgence from bearish to bullish territory, LINK is now in line […]

Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer […]

Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC, experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol’s on-chain metrics remained strong.  This is in contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which saw their market capitalization decline by 12% and 6%, respectively, over the same period. Related Reading: Why Is ETH Price Struggling Despite The Spot Ethereum ETFs Launch? The key driver behind Polygon’s stability in network performance during the second quarter of the year, according to Messari, was the implementation of Ethereum Improvement Proposal (EIP) 4844 on the Polygon mainnet in Q1 2024.  This upgrade, which introduced “blobs” to the network, significantly reduced the average transaction fee on Polygon from $0.017 to just $0.01, resulting in a decrease of 41.1%. As a result, Polygon’s revenue derived from network transaction fees fell 40.6% to $4 million in Q2 2024. However, this drop was not due to a decrease in user activity, but rather the lower fees enabled by EIP-4844. In fact, Polygon’s user metrics continued to soar, with the protocol seeing strong growth across several key indicators.  On-Chain Activity And Ecosystem Growth According to the report, the average number of daily active addresses climbed to 1.2 million, a 47.6% increase quarter-over-quarter (QoQ). The average number of daily returning addresses rose even more, up 50.5% to 1 million. Moreover, new addresses being added to the network grew by 31.7% to 167,800 per day on average. The report also notes that Polygon’s transaction volume also held steady, averaging 4.1 million daily transactions, just below its all-time high and representing a 3.9% increase from the prior quarter.  In comparison, fellow Layer 2 networks Arbitrum (ARB) and Base saw average daily active addresses of 545,000 and 528,000 respectively. Related Reading: Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10? While Polygon’s decentralized finance (DeFi) total value locked (TVL) dropped 22.9% to $1 billion, this was largely attributable to the decline in MATIC’s price rather than a net outflow of capital. Messari reported that TVL denominated in MATIC actually increased by 38.1% to 1.8 billion tokens. However, DeFi protocols on Polygon saw mixed results, with Aave, Uniswap, and SushiSwap all experiencing declines in TVL ranging from 13% to 25%. Quickswap saw the largest drop at 35%. Lastly, Polygon’s non-fungible token (NFT) market also remained stable, with average daily NFT volume dipping slightly by 5.7% to $1.8 million. However, the number of daily NFT sales actually increased by 1.8% to 52,000, underscoring ongoing collector interest. At the time of writing, MATIC has experienced a mere 5% increase to a trading price of $0.512, after hitting a 2-year low of $0.428 on July 5th.  Coupled with this worrying price action, the token has seen a 30% decrease in trading volume over the past few days, amounting to $197 million, according to CoinGecko data. All of this has resulted in an 82% difference to MATIC’s all-time high of $2.91, which was set during the 2021 bull run.  Featured image from Shutterstock, chart from TradingView.com

According to market news shared by James Seyffart, a Bloomberg ETF analyst on platform X during the Bitcoin 2024 conference, Joshua Jake, ...

UK Biomass Generator Drax to Return £300 Million to Investors  Bloomberg

Popular crypto Analyst Armando Pantoja has predicted that XRP could rise to $20 in the near future. This bold prediction, shared in a recent X post, is based on a number of factors that favor a relatively fast journey to $1 and then to $20. Pantoja pointed out that there is a lot of whale […]

WeRide Files for Biggest US IPO by Chinese Firm Since Didi (DIDIY)  Bloomberg

Ethereum's Buterin continues to lead the discourse on the important tech conversations of the day.

I've had the opportunity to cover four enterprise blockchain conferences for CoinGeek. What sets this one apart from the others?

The Securities and Futures Commission (SFC) and the Insurance Authority (IA) have joined forces to tackle cross-sector irregularities, ...

Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont  Bloomberg

Airplane Parts Shortage Boosts Appeal of Generic Alternatives  Bloomberg

Kamala Harris Narrows Gap With Trump in Polls From Her First Week  Bloomberg

According to the latest Global System for Mobile Communications (GSMA) study report, the success of artificial intelligence (AI) in Africa hinges largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in domain-specific and local language data. It also recommends adopting participatory approaches […]

The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new post on X, Santiment has discussed how the various top coins in the cryptocurrency sector look on the MVRV Z-Score. The “Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures the deviation between the total value held by the investors of an asset (that is, the market cap) and what they used to purchase it (the realized cap). When the value of this indicator is positive, it means the holders of the given coin as a whole are currently holding net unrealized profits. On the other hand, the metric being below zero suggests the dominance of losses in the market. Related Reading: Bitcoin Crashes To $64,000: Will This Historical Support Hold? Now, here is the chart shared by the analytics firm that shows the trend in the MVRV Z-Score for different top assets by market cap over the past few months: As displayed in the above graph, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Toncoin (TON) are all currently in the positive territory of the MVRV Z-Score, suggesting that their average traders are currently enjoying profits. At the same time, XRP (XRP), Cardano (ADA), Shiba Inu (SHIB), Chainlink (LINK), Polygon (MATIC), and Uniswap (UNI) are witnessing their investors carrying a higher unrealized loss than profit. Generally, the investors in profits are more likely to sell their coins, and the likelihood of this profit-taking only increases with more gains they hold. As such, a high MVRV Z-Score has historically led to tops for any cryptocurrency’s price. Related Reading: Cardano Among Alts Likely To See Price Boosts, Santiment Says Of the four assets in positive territory of the indicator right now, Toncoin has the indicator at the highest level, suggesting that a selloff due to profit-taking could be probable for it. In the case of the coins inside the negative region, their prices could see a bullish outlook instead, as there may not be many sellers left for them now. Shiba Inu and Uniswap are particularly seeing the most deviation between the market and realized cap. “If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in have a greater probability of netting high returns for you,” notes Santiment. As such, coins like SHIB may be offering the best buying window right now, according to the MVRV Z-Score. SHIB’s Price Analysis Shiba Inu has consolidated sideways over the past month as its price still trades around the $0.0000168 mark. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com

Shiba Inu (SHIB), a leading dog-themed token, is losing the trading volume race to meme coins like Dogecoin (DOGE), Pepe (PEPE), and Dogwifhat (WIF). Data from CoinMarketCap reveals that SHIB has the lowest 24-hour volume among the top four meme coins by market cap. Over the past 24 hours, SHIB’s trading volume slumped 17.73% to […]