Bitcoin advocate Max Keiser believes that gold-backed stablecoins are poised to surpass U.S. dollar-pegged alternatives in global adoption, citing gold’s reputation as a reliable inflation hedge and its low volatility.Keiser argues that many nations view gold as a more trusted asset than the U.S. dollar, particularly those with strained relations with the United States.“Russia, China, and Iran are not going to accept a U.S. dollar stablecoin,” Keiser said in a post on X.“I predict they will counter the USD stablecoin with a gold one. China and Russia have a combined 50,000 tonnes of gold, more than what is officially reported.”Gold-Backed…
Author: cryphedge
Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, has proposed utilizing the country’s runoff energy to power Bitcoin mining operations, presenting the idea during the Council’s inaugural meeting held on March 21.The newly formed Crypto Council is working to develop a comprehensive regulatory framework for cryptocurrencies, aiming to attract foreign direct investment and position Pakistan as a leading crypto innovation hub, according to a report from The Nation.Top Pakistani Officials Join Crypto Council Meeting to Shape National Blockchain StrategyThe meeting drew participation from key figures, including lawmakers, the Governor of the Bank of Pakistan, the Chairman of the Securities and…
Ripple’s recent legal victory over the SEC has caused a huge stir in the crypto world. After a long legal battle, the SEC dropped its lawsuit against Ripple, which has left the industry buzzing with excitement.. This decision marks a huge shift in how regulators will handle digital assets in the U.S., and it could set an important precedent for future cases.Jeremy Hogan, a legal expert, provided a detailed breakdown of the current situation, explaining that while the SEC has dropped its appeal, it’s still unclear if Ripple has agreed to the same. He said that the judgment from Judge…
A potential return to crypto-backed lending products could be on the cards as Gibraltar-based Xapo Bank launches new options. The lending option will target long-term Bitcoin holders who might need access to cash but don’t want to sell their digital assets. Many crypto holders choose to sit on their investments by holding them in secure Bitcoin wallets. While the best crypto wallets will facilitate easy access and use, there are still many consumers who see crypto as an investment opportunity and choose to sit on it rather than use it as an active digital currency. How the Loans Will Work…
Amid the ongoing bearish market sentiment, Shiba Inu (SHIB), the popular and world’s second-largest meme coin, is gaining immense attention from whales and long-term holders.Whale Eyes on SHIB Data from the on-chain analytics firm IntoTheBlock revealed that SHIB has witnessed a significant 2,025% surge in large holder inflows, indicating heightened interest in the meme coin.Source: IntoTheBlockThis suggests a potential bottom for SHIB, as whales tend to buy in large quantities during significant market corrections. Additionally, this significant jump in large-holder inflows further suggests potential buying opportunities, as exchanges have recently witnessed notable SHIB outflows, indicating that assets are moving from exchanges…
Over the past 24 hours, the price of Chainlink (LINK) has been facing a rising bearish threat in surging above $15. The LINK price is currently consolidating around the descending resistance line. The fear/greed index has dropped, now showing a fear sentiment at level 24. Meanwhile, Chainlink’s trading volume has dropped by 29% in the last 24 hours, reaching $191 million. Looking at the longer trend, LINK’s price has been declining since mid-December, dropping from a high of $31 to about $15 on 3 February. In recent weeks, LINK price has been facing strong bearish pressure as bears strongly defend…
The cryptocurrency market has gotten an undeniable boost this year with a host of massive developments. However, there is none that has gotten a bigger lift than Ripple, which looks poised to reach a new all-time high at some point in 2025. The question is, just how high will XRP soar this year?The US Securities and Exchange Commission (SEC) had recently dropped its lawsuit against Ripple, according to CEO Brad Garlinghouse. Although XRP has yet to boom from the news, there are high hopes for its continued ascension over the coming months. Specifically, it is expected to set a new…
A total of 410,745,405,123,635 SHIB has so far been removed from circulation after the SHIB burn rate increased by 33% in just 24 hours. Analysts have hinted that SHIB is breaking out of a falling wedge pattern as large transaction volumes increase significantly. SHIB’s burn rate surges by 33% in the last 24 hours, eliminating 18.6 million tokens from circulation within the process. This has currently been recognized as one of the largest single-day burns after its 11 million token burns on September 14, which CNF previously mentioned in a report. According to data from Shibburn, a total of 410,745,405,123,635 tokens have so…
From the early days of fun-filled projects, meme coins have come a long way. They started as community-driven assets, but today, they’ve become some of the most sought-after tokens in the crypto space. Floki Inu, Pepe Coin, and Shiba Inu showed the world that meme coins can have massive value. Now, a new meme coin to watch is emerging, and it’s capturing the attention of investors everywhere.That coin is Troller Cat ($TCAT), a project that blends humor, culture, and financial potential into one of the most exciting crypto opportunities of the year. Unlike other meme coins that rely purely on…
In the current market uncertainty, whale interest appears to have shifted to CAKE, the native token of PancakeSwap. Recently, data from the on-chain analytics firm Santiment reported that PancakeSwap leads all assets in whale activity, having skyrocketed over the past week.Whale Activity in CAKE Surges 440%The report revealed that the percentage change in transactions made by whale wallets holding over $100,000 worth of CAKE increased by 439.71% over the past week, followed by HEX and Mantle (MNT), which recorded jumps of 275% and 144.44%, respectively, during the same period.Source: SantimentHowever, this massive whale activity might be the reason behind CAKE’s…
