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ITS Price   

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ITS

Iteration Syndicate  

#ITS

ITS Price:
$5.63
Volume:
All Time High:
$425
Market Cap:


Circulating Supply:
Exchanges:
Total Supply:
99,999
Markets:
Max Supply:
Pairs:
1



  ITS PRICE


The last known price of #ITS is $5.63 USD.

Please note that the price of #ITS was last updated over 590 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #ITS statistics should be considered as 'last known value'.

The lowest ITS price for this period was $0, the highest was $5.63, and the exact last price of ITS was $5.63217.

The all-time high ITS coin price was $425.

Use our custom price calculator to see the hypothetical price of ITS with market cap of BTC or other crypto coins.


  ITS OVERVIEW


The code for Iteration Syndicate crypto currency is #ITS.

Iteration Syndicate is 2 years old.


  ITS MARKET CAP


The current market capitalization for Iteration Syndicate is not available at this time.

Iteration Syndicate is ranking downwards to #12572 out of all coins, by market cap (and other factors).


  ITS VOLUME


There is an unknown volume of trading today on #ITS.


  ITS SUPPLY


The total supply of ITS is 99,999 coins.

A highlight of Iteration Syndicate is it's exceptionally low supply of coins, as this tends to support higher prices due to supply and demand in the market.


  ITS BLOCKCHAIN


ITS is a token on the Ethereum blockchain.


  ITS EXCHANGES


ITS has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on probably at least one crypto exchanges but we don't have this data.

View #ITS trading pairs and crypto exchanges that currently support #ITS purchase.


  ITS RESOURCES


Websiteiterationsyndicate.com/#
TwitterRenascentDefi
TelegramRenascentDefi


  ITS NEWS


PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-t...

    [PRESS RELEASE - Singapore, Singapore, July 16th, 2024] PEXX, a pioneering fintech startup specialising in cryptocurrency and blockchain technology, today announced the successful closure of a $4.5 million seed funding. This significant investment will propel the development of the company's innovative stablecoin-to-fiat payment platform, set to revolutionise the way people transfer currencies across borders. The funding included 1 round led by TNB Aura, with participation from global early-stage VC Antler, plus further strategic investment from EMO Capital, early backers of Filecoin and other notable VC and crypto investors highlighting strong investor confidence in PEXX's vision and potential. PEXX's payment platform allows users holding stablecoins from Tether (USDT) and Circle (USDC) to transfer their assets directly to a bank account globally. This platform will enable individuals and businesses to transfer value across borders with ease, without the need for intermediaries or bank accounts. 'We're thrilled to have secured this significant funding, which will enable us to further develop our stablecoin-to-fiat payment platform,' said Marcus Lim, CEO and founder of PEXX. 'The growth for stablecoins is exponential and we expect to see the demand from users who want to convert their USDT and USDC directly to a bank account to grow accordingly as stablecoins become more ubiquitous over the coming years.' The funding will be used to bolster the company's engineering and produ... read More



Panasonic, IBM Partner with Constellation Network to Debut its DoD-vette...

    [PRESS RELEASE - San Francisco, USA/California, July 15th, 2024] The doors are now open for Web3 and Web2 developers to build on Constellation Network’s long-awaited Hypergraph distributed ledger technology - in development for the past several years under various contracts with the US Department of Defense. Constellation’s Global Metagraph Hackathon is a fully virtual event, free to enter, running from July 15th until September 9th, 2024. A total of $100,000 USD equivalent in $DAG (Constellation Network’s cryptocurrency) will be distributed to winners across several categories encompassing metagraph development and on-chain tooling, with the biggest single prize of $25,000 going to the most successful Metagraph. With its Hackathon, Constellation officially unveils its “metagraph” application layer technology that runs on top of its Hypergraph global consensus layer to a worldwide audience. A metagraph can be any type of Layer 1 decentralized application (dApp) network or legacy Web2 network with its own internal business logic. Other blockchains can even be metagraphs on top of Constellation’s Hypergraph. “Constellation’s Hypergraph is the blockchain of blockchains,” says Ben Jorgensen, CEO of Constellation Network. “The best way forward with Web3 and blockchain technology for all of us is interoperability and collaboration across chains and communities. There are many of us separately building these networks that c... read More



Cardano Moves Toward $0.4233, Will ADA Maintain Its Uptrend?

    Cardano (ADA) lately has been steadily climbing toward the $0.4233 resistance level. This upward movement which has persisted for a while now is raising curiosity among market participants as to whether the crypto asset can continue to maintain its bullish momentum and break through this significant resistance level.  Also, Cardano's recent price performance has showcased its potential for further growth. As ADA continues to maintain its steady upward trajectory, this article delves into exploring this current price action and analyzes technical indicators to determine if the crypto asset can hold its gains and push beyond the $0.4233 resistance mark or face a pullback and begin the drop again. With a market capitalization of more than $14 billion and a trading volume of more than $304 million as of the time of writing, the price of Cardano is currently down by 1.82%, trading at around $0.4008 in the last 24 hours. ADA’s market cap and trading volume are currently up by 1.73% and 41.13% respectively. Assessing ADA's Potential To Break Through $0.4233 Currently, on the 4-hour chart, the price of ADA is gradually rising with steady momentum and making a move with strong bullish momentum toward the $0.4233 resistance mark. Furthermore, it is evident that the cryptocurrency asset has broken above the 100-day Simple Moving Average (SMA). The formation of the 4-hour Relative Strength Index (RSI) also suggests a continued steady bullish rise for ADA's price toward $0.423... read More



Certo Expands Testnet to Include USDC Deposits for stUSD, its Interest-E...

    [PRESS RELEASE - Zurich, Switzerland, July 8th, 2024]Quick take Certo protocol, decentralized stablecoin lending, previously working with USDT, has added support for USDC deposits and borrows. stUSD is an interest-earning stablecoin utilizing Certo?—?a P2P lending protocol designed to work with tokenized real-world assets in the form of U.S. Treasuries. Certo, as detailed on certo.finance, represents a pioneering approach in the realm of decentralized finance (DeFi). It is a peer-to-peer (P2P) lending platform that brings real-world assets into the space. Specifically, Certo facilitates the use of tokenized U.S. Treasuries as collateral in a lending stablecoins?—?and a lender of traditional stablecoins, the user receive the interest accrued to the borrowers. stUSD is Certo’s dollar-denominated receipt token, which can be seen as a form of interest-earning stablecoin. This digital currency maintains a stable relationship to the U.S. dollar by using a stable collateral of tokenized U.S. Treasuries to maintain price stability, serving as a reliable medium of exchange and a value store for the whole DeFi ecosystem. More importantly, stUSD is designed to generate interest for its holders, which accrues over time based on the underlying lending activities conducted through the Certo protocol. This feature makes stUSD a potential choice for price stability and interest in the volatile landscape of cryptocurrencies. Certo has been under development for some time, ... read More



Market Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs

    Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its recent decline to new lows this week.  When Will Bitcoin Peak In This Bull Run Rekt Capital mentioned in an X (formerly Twitter) post that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518 days after the halving event during the 2017 bull run and 546 days after the halving event during the 2021 bull run.  Based on this, the analyst predicts that Bitcoin’s market top in this bull could occur between 518 and 546 days after the halving event, which happened earlier in April. This timeline puts the projected peak for Bitcoin sometime in September or October next year. Meanwhile, Rekt Capital again alluded to the fact that Bitcoin was accelerating in this cycle by 260 days earlier this year.  However, that is no longer the case thanks to the over three-month consolidation period the flagship crypto has experienced since the halving event. Rekt Capital claimed that the rate of acceleration has “drastically dropped and is now approximately 150 days.” He added that Bitcoin will likely resynchronize with the traditional halving cycle the longer it consolidates.  The crypto analyst has also refused to be deterred by Bitcoin’s ... read More



HashKey Global Achieves Profitability in Its First Two Months, Becoming ...

    [PRESS RELEASE - Hamilton, Bermuda, June 26th, 2024] HashKey Global achieved profitability within its first two months of launch and has entered the top 10 of global exchanges on CoinGecko's rankings at the time of this release, becoming one of the fastest-growing licensed exchange globally in 2024. HashKey Global has seen significant growth in trading volume, liquidity, asset quality and user base. The platform will continue delivering a safe and convenient trading experience compliant with regulations for global users. For more details, users can visit: global.hashkey.com About HashKey Global HashKey Global is one of the flagship global digital asset exchanges under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts and leverage trading. Disclaimer: https://group.hashkey.com/en/disclaimer-global The post HashKey Global Achieves Profitability in Its First Two Months, Becoming One Of The Fastest Growing Licensed Exchange in 2024 appeared first on CryptoPotato. read More



Minutes Network closes in on its first 1.2 billion users with Smart Ener...

    [PRESS RELEASE - London, United Kingdom, June 25th, 2024] Minutes Network is pleased to announce a ground-breaking collaboration that is set to bring 1.2 billion users to Minutes Network over the next 24 months. In a strategic move that leverages Minutes Network`s rapid scaling technology with SEW´s AI-driven customer and workforce experience platforms, the extensive SEW base of over 1.2 billion consumers is now in the reachable userbase of Minutes Network. Josh Watkins, Minutes Network CEO said 'This is a huge moment for Minutes Network and leverages off the success and strength of World Mobile’s existing relationship with SEW. The integration of the Minutes Network SDK into SEW’s ecosystem and marketplace transforms our scale, reach and the revenue potential. We could not wish for a more supportive scaling partner and our internal technical work now has a singular objective to bring the entire user base online. Our first milestone will have 20million users live within the coming months.' Watkins added, 'This is our first scale integration, and it will be the first of many. We now have a growing slate of applications that have agreed to join Minutes Network and as we are ready to onboard them, we will make further announcements. This new collaboration has been secured due to the outstanding existing relationship between SEW and the World Mobile team.' About SEW Founded in 2012 and based in Irvine, California SEW is a technology company that provides digital... read More



Lingo Announces Public Presale for Its Token

    [PRESS RELEASE - Paris, France, June 24th, 2024] Lingo, the innovative project that seeks to build a rewarding token, is thrilled to announce its Public Presale. As a leading gamified, RWA-powered rewards ecosystem, Lingo is designed for the next billion wave of consumer crypto. Users can stake or quest $LINGO to potentially win real-life rewards. Lingo's Reward Ecosystem Lingo's rewards ecosystem partnered with top Web3 projects like Magic Eden, Travala and Fizen. The partnership network resulted in rewards redeemable for over 3,000 brands, including Spotify, Netflix, Starbucks, Nike, and PlayStation, providing tangible value to its users. This is a key element to mass adoption that is amongst the main challenges in crypto adoption. By participating in the Lingo network, users can potentially earn real-life rewards as active and passive ecosystem participants. The RWA Narrative With Lingo investors managing over $3 billion in assets, Lingo aims to be positioned at the forefront of the Real-World Assets (RWA) movement. Building on Base and Solana, Lingo leverages RWA to power tangible rewards through its innovative ecosystem. As potential interest in RWA is on the rise, Lingo is poised to lead this frontier in the crypto industry. How It Works Lingo introduces a new model of generating tangible community rewards supported by Real World Assets. The business model reinvests platform fees into RWAs, creating consistent value and compounding growth in the rewards pool. Exclusive ... read More



What Will Happen to the XRP Price if Ripple Loses its Case Against the U...

    TL;DR If Ripple loses the SEC lawsuit, XRP's price could drop significantly, and the entire cryptocurrency market might experience increased volatility. The regulator initially sought a $2 billion penalty, but the latest proposal is $102.6 million, while the company argues for a fine not exceeding $10 million. The Possible Effect The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) entered its trial phase in April this year. Some might see the company with the upper hand, considering its three partial court wins secured throughout 2023. However, the regulator also has a chance to emerge victorious. As such, we decided to ask ChatGPT what would happen to XRP's price if Ripple lost the case. The AI-powered chatbot estimated that such a resolution could lead to a significant drop in the asset's value since 'investor confidence may be shaken.' Ripple might also face hefty fines and be required to amend its operational practices, which could significantly harm its reputation and result in reduced adoption and use of XRP.  ChatGPT further claimed that a victory for the SEC would mean Ripple's native token classifies as a security, leading to stricter regulatory oversight. Affecting the employment of XRP in global financial services and cross-border transactions may also be among the setbacks. Last but not least, Ripple's potential loss could negatively affect the entire cryptocurrency market. 'The decision could trigger significant market volatilit... read More



Fidelity Will Seed Its Ethereum ETF With $4.7 Million, Filing Shows

    The world’s fourth-largest asset manager has promised to seed its upcoming Ethereum ETF with $4.7 million ahead of launch, according to a regulatory filing. 'Total proceeds to the Trust from the sale of the Seed Baskets were $4,749,975.00,' read Fidelity’s S-1 registration form for its “Fidelity Ethereum Fund” filed on Friday. Fidelity Buys Its First Batch Of Ethereum The proceeds were used to buy ETH on June 4, securing 1,250 ETH at the time. They were bought by FMR Capital – an affiliate of Fidelity – securing the asset manager 125,000 shares for $38 each. When launching an ETF, asset managers seed it with funds to provide liquidity for its initial buyers, while also demonstrating the sponsor’s confidence in the fund. When launching its Bitcoin ETF in January, Fidelity seeded its fund with $20 million. Competitors like BlackRock and Bitwise – some of their largest competitors provided seeds worth $10 million and $200 million respectively. Earlier this week, Bitwise’s registration statement said it had seeded its Ethereum ETF with $2.5 million, and also disclosed that Pantera Capital Management may be willing to buy $100 million worth of shares. Shortly after Fidelity, BlackRock revealed that it would seed its funds with $10 million, matching its initial investment in the Bitcoin fund. Though seed numbers are being revealed, Franklin Templeton is one of the only applicants so far to reveal the management fee for their Eth... read More



SynFutures to Expand its Perp Markets to Base with New Memecoin Initiati...

    [PRESS RELEASE - Singapore, Singapore, June 19th, 2024] SynFutures, the leading DeFi derivatives protocol, today announced its plans to expand to Base, Coinbase’s L2 network. To mark this milestone, SynFutures is launching 'Meme Perp Summer,' a six-week campaign blitz aimed at expanding its community asset listings and rewarding the meme communities driving organic traction on Base. With a total rewards pool of 100,000 USDC and future airdrop allocations, this campaign underscores Synfutures’ commitment to fostering the growth of emerging token projects. 'We are incredibly excited about our expansion to Base. This move not only reinforces our commitment to providing users with unique trading opportunities but also reflects our dedication to supporting and growing vibrant community-driven projects,' said Rachel Lin, Co-founder and CEO of SynFutures. This expansion to Base is a key part of SynFutures’ multichain strategy for V3. Having seen immense success since launching V3 on Blast, where the protocol consistently ranked as the number one DeFi derivatives protocol by trading volume, SynFutures is now bringing its onchain orderbook for perps to Base. In just four months on Blast, the protocol has achieved nearly $100 billion in cumulative volume, with over 4 million transactions and 142,000 on-chain users. SynFutures will continue to support Blast while extending its reach, doubling down on its commitment to being the go-to destination for trading trending to... read More



From Cheers To Tears: Beercoin (BEER) Dries Up, Loses 70% Of Its Value

    Beercoin, the effervescent Solana-based meme coin that promised a taste of financial freedom, is experiencing a hangover of epic proportions. After a meteoric rise in price earlier this month, Beercoin has come crashing down, plummeting by nearly 70% in a matter of days. This dramatic decline reflects a confluence of factors, including a broader crypto market correction, a hawkish Federal Reserve stance, and a concerning trend of insider selling. Fed Tightens The Taps The Federal Reserve's recent decision to adopt a more hawkish monetary policy, prioritizing inflation control over economic stimulus, has cast a dark cloud over the entire cryptocurrency market. Bitcoin, the bellwether of the industry, dipped below $66,000 this week, dragging most altcoins down with it. This shift in central bank policy is particularly detrimental to highly speculative assets like meme coins, which thrive on easy money and investor exuberance. Meme coins, often lacking real-world utility or established fundamentals, are seen as the first to be dumped when risk aversion creeps into the market. Whales Jump Ship Adding fuel to the fire of Beercoin's descent is a troubling trend of insider selling. Onchain analysis by LookOnChain revealed that several individuals with significant holdings, likely early investors who acquired Beercoin at a discount during pre-sales, have recently cashed out in large quantities. Another wallet related to the #beercoin team sold 5.43B $BEER for $1.13M! Although it ha... read More



MicroStrategy Ups its Bitcoin-Centered Convertible Note Offering to $700...

    Just a day after announcing a $500 million convertible senior note offering to purchase more BTC, among other goals, Michael Saylor's brainchild increased its target to $700 million. The company's shares have been on a wild ride in 2024, perhaps due to the developments around the Bitcoin landscape, but have soared by triple digits since the start of the year. $500M Not Enough Ever since August 2020, when it announced its first BTC purchase, the NASDAQ-listed business intelligence software firm has been using various types of funding to accumulate more of the cryptocurrency. One of its methods included going into debt by offering convertible notes. CryptoPotato reported earlier this week that the company announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. However, the firm upped its target on the next day by 40% to $700 million. The conditions remain the same, meaning that the percentage is still 2.25%, and the due year is 2032. They will be sold in a private offering to 'persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933.' As with previous such offerings, MicroStrategy said it intends to utilize the net proceeds to 'acquire additional bitcoin and for general corporate purposes.' Data from SaylorTracker shows that the company now owns 214,400 BTC (or over 1% of bitcoin's total supply). Although the asset has retraced by roughly eight grand from its all-tim... read More



BNB Chain Launches Chapter Three Of Its Airdrop Alliance Program

    [PRESS RELEASE - Dubai, UAE, June 12th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the third chapter of its “Airdrop Alliance Program.” The first two chapters of this program successfully stimulated ecosystem growth. In the second chapter, 103 million points and 10 million tokens were committed, featuring projects such as Titled, World of Dypians, CARV, 4Everland, Rido, StakeStone, and Cards Ahoy. This followed the impressive results of the inaugural chapter, which saw the commitment of 6.1 billion points and 6.9 million tokens. BNB Chain is gearing up for another successful round of rewarding its community for its ongoing support and contributions. This upcoming phase will feature over 2.3 billion points and more than 8 million tokens in total. Users can earn rewards by completing tasks set by the Airdrop Alliance members. The program is developed in collaboration with leading BNB Chain ecosystem projects that have yet to launch their tokens, aiming to expand token airdrop distribution and reward retroactive users on BNB Smart Chain (BSC) and opBNB. Participating members include: Xterio REVOX Burve Protocol MetaY Alaya AI Mummy.io Meet48 Complete one of the tasks below to enjoy rewards during the task period from June 12, 12 pm UTC to June 26, 12pm UTC: Level 1: Deposit at least $10 USDT on KiloEx 5 times. Deposit at least $10 in the BNB/THE ICHI vault on THENA f... read More



Cardano to Hit Most Significant Milestone in its History This Month: Hos...

    Open-source blockchain platform Cardano is about to reach its most significant milestone since its inception: becoming a fully decentralized network with an advanced governance system. According to an X post by the network's founder, Charles Hoskinson, Cardano Node will reach version 9.0 this month, and the blockchain will be ushered into its next development era, Voltaire. Cardano's Most Significant Milestone Hoskinson explained that Cardano is ready for the Chang fork and is waiting for 70% of its stake pool operators (SPOs) to install the new node. Afterward, the network will undergo a hard fork, welcoming it into the Age of Voltaire. The Chang fork, named in honor of Phil Chang, an early leader in Cardano governance who passed away in 2022, will apply the technical capabilities of CIP-1694's on-chain governance onto the mainnet. Following the launch of the Chang fork and Cardano's transition to the Voltaire era, the blockchain will have a governance system with annual budgets, a treasury, and input from community members. Hoskinson said the development would make Cardano a decentralized civilization with millions of residents worldwide. 'It's been nearly ten years for some of us on this remarkable journey. I can't believe that in a single decade, we built a nation. I'm proud of all of you. Cardano gives me hope for our industry and the world. Let's spend the next decade making a big dent in the universe,' he added. Cardano's Development Stages The Age of Voltaire is the l... read More



Shiba Inu (SHIB) Team With Major Warning to its Community: Details

    TL;DR Shibarmy Scam Alerts warned about fraudulent websites targeting Shiba Inu users, urging verification of site legitimacy. The Shiba Inu team previously cautioned about fake Dapps and deceptive offers, emphasizing double-checking URLs and avoiding suspicious links. The Latest Alert The X account focused on treats surrounding Shiba Inu and its native token SHIB – Shibarmy Scam Alerts - issued a stark warning to the community. The team claimed that multiple fraudulent websites have spread across the crypto space, posing substantial risks to people. Those websites were described as 'a scam designed to steal your funds:'  'There is no website you need to connect your wallet to so it can sync up with the network, refresh your rewards, fix any issues you may be having with liquidity pools.' The team advised users to stay focused and always verify the legitimacy of a certain website before connecting their wallets. Using only official links from trusted sources was also labeled a top priority.  Shiba Inu is one of the most popular meme coins and among the trendiest cryptocurrencies, which could explain why scammers target people from its community. The latest data shows that there are almost 1.4 million SHIB holders, with over 58% currently sitting on paper profits. The percentage was even higher a few weeks ago when the meme coin was at a better price condition. As of the moment, SHIB is worth approximately $0.00002314 (per CoinGecko's data), a 9% decline on a... read More



Modular AI Blockchain 0G Releases V2 of Its Testnet

    [PRESS RELEASE - Stanford, California, June 10th, 2024] Data availability network 0G has announced the release of Testnet Newton v2, marking a milestone in its mission to make AI services a public good. V2 introduces a host of new features, stability fixes, and security enhancements that advance the first iteration of the 0G testnet. The launch of Testnet v2 follows the success of v1, which generated significant community engagement. More than 600,000 wallets registered for the testnet, with the high demand prompting a major network upgrade which v2 delivers. Testnet Newton v2 operates as a Cosmos-based proof-of-stake chain that provides greater scalability and interoperability. It introduces new modules for data availability services and committee to maintain high performance and reliability. These modules ensure that data is always accessible, significantly boosting the efficiency and functionality of the network. Other features that have been shipped with v2 include enhanced monitoring to support better tracking of services such as storage nodes and key-value stores. There are also more robust mechanisms in place to mitigate the abuse of the testnet’s faucet system. “Testnet v2 is more than just an upgrade; it's a testament to the vibrant 0G community,” said Michael Heinrich Co-Founder and CEO of 0G. “The overwhelming response to v1, with over 600,000 registered wallets, underscored the need for a more robust and scalable network. Testnet v2 deliver... read More



Another Country Will See its First Spot Bitcoin ETF: Report

    According to the Bangkok Post, the Thai Securities and Exchange Commission (SEC) has given approval to One Asset Management, a local firm, to introduce Thailand’s first Bitcoin exchange-traded fund (ETF). This ETF is exclusively available to wealthy and institutional investors and follows a policy of investing in 11 prominent global funds. A Diversified Approach The ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI) will be distributed between May 31 and June 6. However, unlike traditional ETFs, this fund is exclusively available to wealthy and institutional investors. 'Digital assets are an alternative asset class with low correlation to traditional financial instruments,' said Pote Harinasuta, CEO of ONEAM. 'They are suitable to help investors diversify investment risks,' he added. ONEAM’s Bitcoin ETF takes a unique approach by investing in 11 leading global funds. This strategy ensures liquidity and safety for investors. The fund adheres to international standards for storing digital assets and has also undergone rigorous reviews by regulatory agencies in both the United States and Hong Kong. Meanwhile, while ONEAM celebrates its achievement, MFC Asset Management awaits approval from the SEC for its own spot Bitcoin ETF. Similar to ONEAM’s offering, MFC’s ETF will also cater exclusively to high-net-worth individuals and institutional clients. Spot Bitcoin ETFs are gaining traction globally, with the U.S. SEC paving... read More



Bitcoin Has Entered The More Mature Part Of Its Adoption Cycle: Fidelity

    Bitcoin is already entering the latter part of its S-curve adoption cycle, leading to less volatility for the asset than old investors may be used to, according to Fidelity’s Director of Global Macro Jurrien Timmer. During an interview published on Tuesday, the macro analyst explained how he believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. Bitcoin’s Place Among Traditional Assets Timmer acknowledged that the recent approval of Bitcoin spot ETFs in January has helped “democratize” the asset, putting it “on the menu” for investors regardless of their technical sophistication. This allows investors to analyze Bitcoin right alongside stocks, bonds, and ETFs, when determining how to construct their portfolio, and when looking to an investment to fulfill a particular need. “It’s an exponential version of gold,” said Timmer, likening Bitcoin to other “hard assets” that perform well when interest rates are low, or during periods of fiscal dominance. However, while Bitcoin may appreciate against those other assets and possibly eat into their markets, Timmer says there will be a point of “mean reversion” where investors return to buying them for their cheap relative valuations. [If] gold is at $2000 and Bitcoin is at $1 million, at some point investors are gonna say… ‘these other asset classes are really becoming cheap while this side i... read More



Shiba Inu (SHIB) Tops a Prestigious Ranking Following its Latest Price S...

    TL;DR Shiba Inu (SHIB) experienced a significant price spike earlier this week, briefly surpassing Cardano (ADA) in market cap and becoming a top trend in the crypto community. However, its price soon dropped amid an overall market correction. SHIB's Latest Achievement The price of Shiba Inu (SHIB) spiked by double digits on May 29, turning into one of the best performers in the sector. Its market cap temporarily crossed the $17 billion mark, and the asset briefly flipped Cardano (ADA) to become the 11th biggest cryptocurrency.  The rally could be one reason the self-proclaimed Dogecoin (DOGE) killer topped a key ranking. According to the market intelligence platform Santiment, SHIB became the top-trending cryptocurrency, sharing the first spot with another meme coin - dogwifhat (WIF). Despite that success, the entity warned about the infamous volatility of those assets, arguing that traders 'can expect to see big FOMO tops and big FUD bottoms.' SHIB's resurgence has indeed been short-lived, with its price plunging by 7% (per CoinGecko's data) in the past 24 hours. Its market capitalization dipped below $16 billion, making the asset the 12th biggest in the crypto industry. It is worth noting that Shiba Inu is not the only coin in the red today, with the entire market was bleeding at one point. Bitcoin (BTC) tumbled to as low as $67,100 but bounced off quite positively, while Ethereum (ETH) declined to approximately $3,700 before going back to $3,800. The situation in ... read More



Can Cardano (ADA) Bounce Back? A Closer Look at Its Recovery Potential

    Cardano (ADA) corrected gains and tested the $0.4520 support zone. ADA must stay above the $0.450 support to start a fresh upward move. ADA price is struggling to gain bullish momentum above the $0.4750 zone. The price is trading below $0.460 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.4570 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $0.4620. Cardano Price Tests Support In the past few sessions, Cardano started a downward move after it failed to clear the $0.4750 resistance. ADA dipped below the $0.4620 support and tested the key support at $0.4520 like Bitcoin and Ethereum. A low was formed at $0.4516 and the price is now consolidating losses. There was a minor recovery wave above the $0.4550 zone. There was a break above a connecting bearish trend line with resistance at $0.4570 on the hourly chart of the ADA/USD pair. The pair tested the 23.6% Fib retracement level of the recent decline from the $0.4743 swing high to the $0.4516 low. Cardano is now trading below $0.4620 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $0.4960 zone. The first resistance is near $0.4620 or the 50% Fib retracement level of the recent decline from the $0.4743 swing high to the $0.4516 low. The next key resistance might be $0.4750. If there is a close above the $0.4750 resistance, the price co... read More



Ethereum Price Continues Its Climb: Bullish Momentum Drives Higher Gains

    Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term. Ethereum started another increase above the $3,850 resistance. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up and test the $4,000 resistance zone in the near term. Ethereum Price Eyes $4,000 Ethereum price remained supported above the $3,650 support zone. ETH started another increase, outperformed Bitcoin, and climbed above the $3,750 level. There was a move above the $3,850 resistance. The bulls pushed the price above the $3,940 resistance. It traded close to the $4,000 resistance. A high was formed near $3,973 and the price is now correcting gains. There was a minor decline below the $3,920 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,630 swing low to the $3,973 high. Ethereum price is trading above $3,850 and the 100-hourly Simple Moving Average. There is also a major bullish trend line forming with support at $3,860 on the hourly chart of ETH/USD. Immediate resistance is near the $3,940 level. The first major resistance is near the $3,970 level. An upside break above the $3,970 resistance might send the price higher. The next key resistance sits at $4,000, above which the price might gain... read More



PEPE Frenzy: 100% Gains In 30 Days, But Can The Memecoin Keep Its Compos...

    The cryptocurrency world is witnessing a familiar sight: a meme coin on fire. PEPE, a token emblazoned with the internet's favorite frog, has skyrocketed in recent weeks, leaving investors wondering if this is the dawn of a new era or a fleeting fad. PEPE On A Tear: New Highs And Whale Activity Over the past month, PEPE has been on a tear, exceeding expectations and leaving a trail of green for investors. The price triumphantly reached a new all-time high, surging over 100% in just 30 days. This astronomical rise translated to happy hodlers, with IntoTheBlock data revealing that a whopping 97% were sitting pretty in profit. CoinGecko data show that Pepe has risen 56% in the previous week and 99% in the last month, recovering its position as the third-largest meme coin by market capitalization from Dogwifhat (WIF). The bullish momentum hasn't shown any signs of slowing down. The past 24 hours saw another surge of 3.7%, further propelling PEPE to its current peak. This impressive performance has garnered significant attention, not just financially, but also on social media. The coin's social volume has spiked, indicating a surge in interest and online chatter. Adding fuel to the fire, a whale, a term used for large investors with significant buying power, has been making waves. Lookonchain, a blockchain analytics platform, recently reported a whale withdrawing a staggering 500 billion PEPE from Binance, a major cryptocurrency exchange. This mass accumulation suggests a whale-... read More



XRP Price Consolidates, Gearing Up for Its Next Major Breakout

    XRP price extended its decline below the $0.520 support. The price is now trading in a range and eyeing an upside break above the $0.5320 resistance. XRP extended losses and declined below the $0.5120 support. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5325 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5365 resistance zone. XRP Price Holds Ground In the past two sessions, XRP price saw a steady decline below the $0.5320 level. There were a few swing moves like Bitcoin and Ethereum. The price even spiked below the $0.5120 support zone. A low was formed at $0.5028 and the price is now correcting losses. There was a move above the $0.5200 and $0.5250 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.5477 swing high to the $0.5028 low. The price is back above $0.5250 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5320 level. There is also a key bearish trend line forming with resistance at $0.5325 on the hourly chart of the XRP/USD pair. The first key resistance is near $0.5365 or the 76.4% Fib retracement level of the downward move from the $0.5477 swing high to the $0.5028 low. A close above the $0.5365 resistance zone could send the price higher. The next key resistance is near $0.5480. If the bulls push the pric... read More



Renewed Investor Interest Pushed Bitcoin (BTC) to its Highest Daily Clos...

    Flows into the U.S. spot Bitcoin exchange-traded fund (ETF) market have reversed following a period of outflows and minimal inflows. According to the Bitfinex Alpha report, the new trend of heavy net inflows into spot Bitcoin ETFs signals renewed interest in the products and investors' belief in the digital asset's potential. Bitcoin ETF Flows Reverse Last week, spot Bitcoin ETFs saw a collective net inflow of $948.3 million. Compared to the $228.5 million inflows recorded the week before, this figure was proof of substantial investments. Interestingly, last week witnessed no outflows, while the one before saw investors withdraw up to $111.7 million from the products. The reversal in ETF flows coincides with BTC's bullish trajectory, which saw the asset record its highest daily close in five weeks. Bitcoin witnessed a significant rebound from its range lows and registered a significant uptick on May 15, primarily driven by favorable regulatory developments and a softer-than-expected Consumer Price Index report in the U.S. 'This interplay between macroeconomic indicators and Bitcoin's price dynamics highlights the cryptocurrency's sensitivity to economic shifts and policy changes,' Bitfinex stated, explaining that passive demand, majorly driven by systematic investment plans, is expected to sustain the new trend of flows into spot Bitcoin ETFs in the near term. At the time of writing, data from CoinMarketCap showed BTC was changing hands at $69,750, up 13% in the past week. Bi... read More



QCP Capital Sees Bitcoin Reclaiming $74K Highs – Here's Why BTC Co...

    QCP Capital, a prominent institutional-focused firm, has recently projected that Bitcoin could revisit its peak price levels, potentially reaching up to $74,000 shortly. This prediction follows the latest United States Consumer Price Index (CPI) data, which has significantly boosted risk assets. The firm noted that the positive surge in the market is partly due to the renewed buy-side demand, as evidenced by the buying patterns that resemble those of Exchange-Traded Fund (ETF) market makers. Institutional Inflows And Market Indicators Point To A Bitcoin Bullish Trend In a detailed analysis shared through their Telegram channel, QCP Broadcast, the firm stated: 'We expect bullish momentum here that could take us back to the highs of 74k.' Substantial institutional interest in Bitcoin supports this sentiment, as large asset managers like Millennium and Schonfeld have allocated about 3% and 2% of their Assets Under Management (AUM), respectively, to spot BTC ETFs. The optimism surrounding Bitcoin is not just theoretical but backed by significant market activity. For instance, inflows into spot Bitcoin ETFs in the US reached a two-week high of $303 million as of May 15th, signaling a robust renewal of institutional confidence. Fidelity’s FBTC fund led this influx with $131 million, followed by Bitwise’s BITB fund, which saw $86 million, marking its highest since early March. Grayscale’s GBTC, which had experienced outflows for four months, reversed this trend wi... read More



One Trading Extends the Reach of its Institutional Trading Services in E...

    [PRESS RELEASE - London, United Kingdom, May 16th, 2024] Talos, the premier provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network of liquidity providers, expanding the possible destinations for their shared clients looking to achieve best execution. Talos users will now be able to access One Trading’s high-speed trading platform, with a matching engine time of just 1 microsecond. In addition to expanding its potential reach to Talos’s institutional clients, One Trading also adopts the Talos trading platform as a sell-side client to support its OTC trading desk. The award-winning Talos trading platform will help One Trading efficiently source liquidity to better serve its clients’ needs. The multi-faceted relationship between the two firms highlights the different ways that the Talos network and platform can enhance a partner’s business. “We are thrilled to welcome One Trading into the Talos network of liquidity providers,” said Daniel Packham, VP and Head of Operations, EMEA. “They have built a leading regulated trading venue in Europe using cutting-edge technology to build an incredibly fast and secure exchange, holding themselves to the highest standards of security and transparency that are ... read More



This Public Japanese Firm Has Added Bitcoin as Its Reserve Asset

    Bitcoin has continued to gain mainstream adoption, with major corporations and top industry dogs incorporating the digital asset into their long-term financial strategies. Metaplanet, a Japanese investment and consulting company listed on the Tokyo Stock Exchange, is the most recent firm to make such a remarkable move. Metaplanet Makes Bitcoin Reserve Asset According to an official release, Metaplanet has adopted Bitcoin in its treasury management strategy, making the cryptocurrency its reserve asset. The company will prioritize a Bitcoin-first, Bitcoin-only approach, utilizing long-dated Japanese yen (JPY) liabilities and periodic share issuances as financial options to continually purchase more BTC. 'Metaplanet views bitcoin as fundamentally superior to any and all other forms of political currency, traditional stores of value and investment, and all other crypto-assets/securities. Bitcoin is an absolutely scarce digital synthetic monetary commodity, with no central issue,' the company said. Metaplanet's announcement comes roughly a month after the firm invested one billion JPY ($6.5 million) into BTC, marking its transition to the leading crypto asset. The investment and consulting firm said the move is a response to the economic pressures on Japan, the weak yen, long periods of negative interest rates, and high government debt levels. Metaplanet's new approach will increase on a BTC per share basis, enhancing shareholder value in the long term. Struggles of the Japanese Y... read More



Investment Firm Makes Bitcoin Its Strategic Reserve – Impact On Pr...

    Early-stage investment firm Metaplanet announced on Monday that it's adopting Bitcoin (BTC) as its sole 'strategic treasury reserve asset.' This audacious decision signals a growing confidence in the controversial cryptocurrency as a legitimate store of value and hedge against traditional economic woes. Yen Under Pressure, Bitcoin On The Rise Metaplanet's decision comes amidst a backdrop of sustained economic pressures in Japan. A weakening yen, coupled with high government debt levels and persistently low-interest rates, seems to have pushed the firm to seek alternative havens for its reserves. Bitcoin, with its finite supply and decentralized nature, appears to be their answer. 'Bitcoin-First, Bitcoin-Only' Approach In a clear statement of intent, Metaplanet outlined its new 'Bitcoin-first, Bitcoin-only approach' to treasury management. The company plans to strategically convert its existing yen liabilities and future share issuances into BTC, effectively accumulating more of the digital asset over time. This strategy echoes the recent moves of US-based MicroStrategy, which has become a major institutional holder of Bitcoin. Believing In The 'Absolutely Scarce' Asset Metaplanet's press release paints a glowing picture of the top crypto asset's potential. They view it as 'fundamentally superior' to traditional currencies and other investment options, highlighting its scarcity and lack of a central issuer. They are impressed by Bitcoin's proof-of-work (PoW) consensus mecha... read More



Unlocking The Dogecoin Code: One Factor Holds The Key To Its Next Ascent

    Dogecoin, the meme-inspired cryptocurrency that took the internet by storm in 2021, has seen a recent uptick in price. However, experts are cautioning investors against mistaking this blip for the start of a moon mission. DOGE Price Volatility Takes A Vacation One factor tempering enthusiasm is Dogecoin's current lack of volatility. While price swings are often a hallmark of the cryptocurrency market, DOGE's volatility has hit a 30-day low. This calmness suggests the recent price increase might not translate into a sustained upward trend. Memecoins like Dogecoin thrive on volatility, and the current lull suggests a period of price stability, which isn't necessarily bad, but it's unlikely to trigger the explosive rallies we've seen in the past. Dogecoin Network Activity: Apathy Or Accumulation? Another dampener on the celebratory champagne showers is the low user activity on the Dogecoin network. The number of active addresses, which indicates user engagement, is currently hovering around 52,000. This is a significant drop compared to March 2024, when a surge in active addresses coincided with a price jump to $0.22. Historically, spikes in Dogecoin's user activity have foreshadowed price increases. The current low suggests a lack of excitement or, perhaps, a period of accumulation by investors who are waiting for the right moment to jump in. DOGE Stuck In Consolidation: A Sideways Serenade Or Coiling For A Leap? For the past few weeks, Dogecoin's price has been stuck in a... read More



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