Shiba Inu(SHIB) has been making headlines, especially with its recent development. It has started flashing a green signal despite its recent dip, during which its burning rate has increased over 3000%. Meanwhile, Rexas Finance(RXS), which deals with real-world assets(RWA), has gotten the attention of a top analyst. He predicts a staggering 21450% as its presale experiences massive demand, almost selling out.SHIB Burn Rate Skyrockets 3,645%—Is $0.0001 Now Within Reach?At present, Shiba Inu maintains a market price of $0.00001277 while experiencing a 4.88% decline throughout the previous day. The burning mechanism of SHIB has experienced an extraordinary increase, which shows positive…
Author: cryphedge
The crypto markets have been facing a massive pullback over the past couple of days, wiping out over $200 billion. While the major tokens try to make up for the recent losses, the Ethereum price rally flashes bearish signals. The price has dropped below the support line that has been acting as a strong support for over the past few years. Hence, massive bearish signals continue to flash for the ETH price rally as the token is now primed to reach $1500 if bulls fail to defend the crucial support levels. Ethereum has been taking a harder hit than Bitcoin in…
The last few days of March have brought a sharp decline to the crypto market. The rising tariffs set by President Trump for April 2 along with strong core PCE data, have triggered a severe market drop. As March draws to a close, the cryptocurrency market is set to end the month on a bearish note, marking the second consecutive month of declines. This situation places traders in a crucial spot as they face the upcoming week, wondering whether the market will recover from its recent lows or sink further in April.Bitcoin and Altcoin Market Declined StronglyMarch saw the cryptocurrency…
Prediction market operator Kalshi has filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement, challenging recent cease-and-desist orders that forced the firm to suspend its sports-related contracts in both states.Kalshi argues that its contracts fall under the regulatory domain of the U.S. Commodity Futures Trading Commission (CFTC), not state-level gaming regulators.Kalshi Defends Event Contracts as Swap Markets, Not Sports BetsThe company maintains that its event contracts function as two-sided swap markets, unlike traditional sports betting models where the house sets and controls the odds.“Prediction markets are a critical innovation of the 21st…
Sonic Labs has scrapped its initial plans to launch a US dollar-pegged algorithmic stablecoin, pivoting instead to develop a version tied to the United Arab Emirates dirham.Just a week after co-founder Andre Cronje revealed that the firm was building a USD-based algorithmic stablecoin offering an annual percentage rate of up to 23%, the company made an abrupt U-turn.“We will no longer be releasing a USD-based algorithmic stablecoin,” Cronje said in a March 28 post on X.“Completely unrelated, we will be releasing a mathematically bound numerical Dirham, which is settled and denominated in USD, which is definitely not a USD-based algorithmic…
FTX, the collapsed cryptocurrency exchange that shook the industry in late 2022, is set to begin repaying its creditors on May 30, marking a major milestone in its lengthy bankruptcy proceedings.According to court filings and a Bloomberg report, the exchange—now led by restructuring expert John Ray III—will initiate repayments for creditors owed more than $50,000.These payments will be drawn from FTX’s $11.4 billion cash reserve.FTX Lawyer Says Estate Facing ’27 Quintillion’ Claims, Many FraudulentAndrew Dietderich, an attorney for the estate, noted that the company is dealing with a staggering number of claims, including many that are fraudulent or inflated, totaling…
Meme coins are no longer just punchlines—they’re powerful market movers. From Dogecoin’s viral rise to PEPE’s rocket-fueled pump, meme coins have carved out a wild and highly profitable lane in the crypto world. And Degen? That one’s been the talk of Discord servers and Twitter threads everywhere. It started off with raw internet energy and quickly turned into a community-fueled moonshot. Early investors who jumped in before it made headlines saw their bags swell—big time. That’s the nature of meme coins: get in early, ride the hype, and you might just ride the next 10x wave. So naturally, the million-dollar…
A recent XRP investment strategy has caught fire in crypto circles as it involves a controversial $5 million projection. At the time of writing, with XRP trading around $2.40, some experts are actually suggesting that a relatively modest investment could create life-changing wealth. This bold claim has many investors scrambling to understand how to invest in XRP for long-term growth and also trying to determine if such projections have any merit.Also Read: Trump Auto Tariffs: JPMorgan Chief Warns These Stocks Could Crash!How to Flip XRP into $5 Million in 10 Years: A Bold, Yet Interesting Expert StrategySource: BitcoinistThe XRP community…
Bitcoin (BTC) is facing increasing pressure as key support levels are breaking, raising concerns about the end of its recent upward trend. The world’s leading cryptocurrency is struggling to hold its gains, with technical indicators pointing toward a shift toward bearish territory.Key Support Levels at RiskOn the daily chart, Bitcoin has dropped below a critical Fibonacci support level around $83,000, which had previously acted as a strong foundation. According to analyst Josh of Crypto World, this move suggests a reversal in the short-term trend. If Bitcoin can’t reclaim this level, the next major support is around the high $70,000 range.Resistance…
While many in the crypto industry are preoccupied with fluctuating prices and market speculations, BlockDAG (BDAG) has swiftly captured the limelight. Its third keynote wasn’t merely an update; it was a powerful declaration of progress. The presale has remarkably reached $209 million, accomplished without the aid of venture capital, demonstrating significant confidence from its global community of over 170,000 participants. From the rollout of its Beta Testnet V1 to the ambitious roadmap aiming for 15,000 transactions per second, BlockDAG’s recent event is already recognized as a pivotal moment in 2025. Moreover, the most significant triumph for BlockDAG may not be…
