Solana ($SOL) has recently seen a price dip following the uptake of yesterday. Currently, its price signifies a significant 4.23% decline over the past 24 hours. This decrease indicates a momentary drop in investor interest. However, the continuous attempts to surpass the resistance show $SOL’s potential for a rebound. Solana ($SOL) Price Value At the moment, Solana ($SOL) is changing hands at $128.29. At this price level, $SOL reportedly accounts for a significant 4.23% decrease over the recent twenty-four hours. Before this period, $SOL was trading at up to $133.28. Nonetheless, it could not sustain its position above the psychological…
Author: cryphedge
Data scientist Alex McCullough recently shared insights in a Dune dashboard report revealing that Polymarket predicts global events with up to 94% accuracy. Polymarket World Events Predictions Are 94% Accurate McCullough’s analysis involved studying Polymarket’s historical data and removing markets with probabilities above 90% or below 10% after outcomes were known but not yet settled, ensuring more reliable results, as highlighted in the Dune summary. Polymarkert Historical Accuracy via Dune Dashboard His research showed that Polymarket tends to slightly overestimate event probabilities across various ranges, likely due to factors like acquiescence bias, herd mentality, low liquidity, and participants’ tendency to favor…
The White House AI & Crypto Czar David Sacks recently met with top officials from the United Arab Emirates (UAE) to explore deeper ties in emerging technologies and investment opportunities between the two nations.The meeting included high-level discussions with Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national security adviser and brother of the country’s president.In a March 20 post on X, Sheikh Tahnoon revealed that he and Sacks discussed the growing influence of AI, the evolving role of digital currencies, and new investment prospects arising from their intersection.Trump Hosts Private White House Dinner as Part of Broader Tech Diplomacy…
Crypto firm Gemini announced that it will serve as the custodian for the newly launched Evolve Levered Bitcoin ETF (LBIT) and Evolve Levered Ether ETF (LETH). These ETFs began trading on the Toronto Stock Exchange on Tuesday. As per the official statement, Both ETFs are designed to provide investors with leveraged exposure to the crypto market, aiming to amplify returns while adhering to strict security and regulatory standards. The launch marks a milestone as Canada’s first modestly leveraged crypto ETFs available to retail investors, offering a new level of flexibility and opportunity in the crypto space. Unlike traditional leveraged ETFs…
Polkadot (DOT) has been one of the top performers this week. Despite the entire market’s slow down, the altcoin recorded a 12.67% throughout the last seven days. The asset went from trading at a low of $4.02 all the way to a high of $4.55. This came as a major respite for the DOT market which has been struggling for a while now. Despite its slight rise in the final months of 2024, the asset’s annual price change stands at a negative 50%. But, the Securities and Exchange Commission’s latest move could bring in great gains for the asset.Also Read:…
Metaplanet, a Japanese-listed company, has announced the formation of its Strategic Advisory Board and appointed Eric Trump, the second son of former President Donald Trump, as its first member. The appointment, effective immediately, is seen as a significant move in the company’s mission to boost Bitcoin adoption and solidify its position as a global leader in the Bitcoin economy. Eric Trump Joins Metaplanet as a Board Advisor Following the announcement of Eric Trump joining the firm, Metaplanet’s stock saw a notable surge, rising by 13.52% as markets opened today. In a statement, Metaplanet expressed enthusiasm about the addition of Eric…
Hong Kong-listed firm, EDA Group Holdings Limited has announced a proposed investment in cryptocurrencies for its AI and Blockchain business development strategy. The Board of Directors has approved a plan to invest up to USD 5 million in cryptocurrency, for the company’s diversification strategy. EDA Plans $5 Million Cryptocurrency Investment The proposed investment is designed to integrate cryptocurrency into the Group’s asset portfolio, with a focus on long-term value appreciation. As per the official statement, EDA also aims to leverage blockchain technology to enhance its cross-border e-commerce logistics operations. By building a “blockchain-based warehouse network,” EDA Group seeks to improve…
The Cardano (ADA) price continues to hold above its 200DMA, a key support level over the past 6 weeks, with traders asking whether now might be a perfect time to buy. Indeed, buying ADA at its 200DMA has proven to be a great short-term trading strategy in recent weeks. After testing its 200DMA in early February, the Cardano price rallied 50% in 10 days. Meanwhile, after falling back to the 200DMA in late February, the Cardano price rallied as much as 80% in early March.Could history be about to repeat itself?Well, traders would be wise to realize that the situation…
South Korean prosecutors raided the headquarters of crypto exchange Bithumb on March 19 as part of an investigation into whether the company’s former CEO misused corporate funds to purchase an apartment, according to local media reports.Authorities from the Seoul Southern District Prosecutors’ Office searched Bithumb’s Yeoksam-dong offices, looking into claims that the exchange provided a 3 billion won ($2.3 million) lease deposit to its former CEO and current advisor, Kim Dae-sik.Investigators suspect that Kim used a portion of these funds to acquire a personal residence in Seoul’s Seongsu-dong district.The timing of the investigation raises fresh concerns for Bithumb, which has…
European Central Bank (ECB) Chief Economist Philip Lane has reiterated the need for a digital euro, emphasizing its role in mitigating risks from stablecoins and reducing reliance on US payment firms, Bloomberg News reported on March 20. Lane said at a conference in Cork, Ireland, that the digital euro central bank digital currency (CBDC) is essential to ensuring Europe’s monetary and financial autonomy amid increasing geopolitical fragmentation.He added:“[Digital euro would] limit the likelihood of foreign-currency stablecoins gaining a foothold as a medium of exchange in the euro area.”Countering stablecoin riseLane highlighted the rapid rise of European interest in stablecoins, a market…
