AVAX is the native utility token of the Avalanche blockchain. The token is currently ranked 12th by market cap, with a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours. Since its recent pullback at $36.15, AVAX has continued to move downward. Currently, the general cryptocurrency market is bearish. This has led to the price of AVAX dropping below the 100-day Simple Moving Average (SMA) and the price might continue to drop in the next couple of days. As of the time of writing, the price of AVAX was trading around $33.52 and about 0.22% down in the last 24 hours. Technical Indicators Point Toward A Sustained Downtrend For AVAX To figure out where the AVAX price might be headed next, the following indicators can be used to examine the chart. 4-Day MACD: A technical look at the MACD indicator from…> Open article in new tab
As the market begins to recover from its downturn, popular altcoins are slowly regaining their recent losses. With the broader crypto community gearing up for the anticipated bull run, investors are seeking tokens that could surpass current leaders and deliver significant returns. Many industry analysts and influencers are pointing to these five tokens as the ones poised for the most explosive growth in the coming weeks. While most of these tokens are still in the presale phase, investors have the chance to secure them at affordable prices before they skyrocket. Let’s explore the details and see what they offer. >>>Get the Best Presale Coin Now<<< Top 5 Meme Coins to Invest in May 2024 — Quick Outline Below is a quick outline of the tokens we’ll be analyzing: Dogeverse ($DOGEVERSE) — A Fresh Multi-Chain Crypto Inspired by Doge Offering High Staking Rewards Poised to Rival Top Meme Coins Sealana ($SEAL)…> Open article in new tab
Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on data from CoinMarketCap. With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed resilient faith in Bitcoin’s ability to produce a post-halving price rally. Related Reading: Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why Bitcoin Rise Inevitable, Analyst Pinpoints $150,000 Price Target In a series of X posts on Friday, Titan of Crypto shared some interesting bullish predictions on the Bitcoin market. Firstly, the analyst noted that amidst BTC’s price decline, the token’s price pattern on the daily timeframe had formed a bullish signal. Titan of Crypto referred to this signal as the bullish engulfing candle which occurs when a larger bullish candle completely emerges from the previous smaller bearish candle, thus indicating a potential reversal from a…> Open article in new tab
Over the past few weeks, the price of VeChain (VET) has struggled to live up to the promise and vigor it showed at the start of the year. This has been the story with a significant portion of the cryptocurrency market, with several large-cap altcoins down by double-digits in the past month. However, the VeChain token has been a hot subject of discussion in the circle of cryptocurrency analysts and pundits. Popular crypto analyst Ali Martinez is amongst the latest to put forward future projections for the token. Can VeChain Price Reach $0.6 By December 2024? The crypto pundit took to the X platform to share an interesting update on the monthly chart of the VET price. According to Martinez, the cryptocurrency is gearing up for a price rebound this summer, which might be crucial to its performance in the rest of the year. Related Reading: Crypto Analyst Says XRP…> Open article in new tab
Decentralized and open-source computing platform Akash Network has captured significant attention in the cryptocurrency market as its native token, AKT, has outperformed the top 100 cryptocurrencies with a 2400% price increase year-to-date. While Bitcoin (BTC) and other major cryptocurrencies experience price corrections, the Akash Network and its native token are surging at a remarkable pace. To comprehend the driving factors behind this uptrend, it is crucial to delve deeper into what the Akash Network represents and its underlying technology. What Is The Akash Network? The Akash Network, founded in March 2018 by Overclock Labs, emerged as a distributed cloud computing marketplace with the objective of decentralizing cloud computing. Originally focused on building a traditional multi-cloud deployment platform, Overclock Labs decided to launch Akash. According to Messari, the network facilitates the connection between server owners in need of computing power to host applications and users offering cloud computing resources through the…> Open article in new tab
Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However, Glassnode analysts, while sharing their preview on X, remain cautiously optimistic. Bitcoin Drops 20% From March High, But Glassnode Is Bullish Glassnode notes that the Bitcoin “macro uptrend still appears to be one of the more resilient in history” and that though corrections have been made, they are relatively shallow. With this position, the blockchain analytics platform confirms that the coin has improved with liquidity rising, reducing volatility. Related Reading: Crypto Expert Forecasts The ‘Age of Ethereum’: What This Means Following the correction from March 2023 highs, Bitcoin has struggled to maintain the uptrend. So far, BTC has support at around $60,000, but a key reaction level to watch is $56,500 on the lower side. On the flip side, if prices recover, breaking above $66,000, BTC might rally, even…> Open article in new tab
Restaking protocol EigenLayer has unveiled its highly anticipated airdrop season, during which eligible users can claim a portion of the initial EIGEN token supply. EigenLayer Sets September 2024 Deadline The protocol’s announcement on Friday revealed that “Season 1” commences with 6.05% of the total supply, which users can claim starting on May 10. Moreover, “Season 1 phase 2,” set to begin mid-June, will increase the claimable percentage to 6.75%. Season 1 will distribute approximately 113 million EIGEN tokens to participants. EigenLayer has reserved 15% of the initial token supply for the community across all seasons, signaling its commitment to inclusive participation. Related Reading: XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit EigenLayer has also announced that EIGEN tokens are currently non-transferable. However, the protocol plans to unlock token transfers once new features are launched and “further decentralization” is achieved. These developments are expected…> Open article in new tab
The crypto world is currently abuzz with the launch of EigenLayer’s new token, EIGEN, which has quickly become one of the year’s most anticipated digital asset events. According to Bloomberg, the project has attracted significant attention for its approach to decentralized finance (DeFi) and its “controversial” decision to exclude users from certain jurisdictions, including the US, China, and Canada, from participating in the token distribution. Related Reading: EigenLayer Makes A Big Splash With EIGEN Token Launch And Major Airdrop Plan, Get The Full Scoop! EigenLayer Challenges And Opportunities in Token Distribution EigenLayer, a DeFi protocol based in Seattle, has made waves in the industry by introducing a concept known as restaking. This method aims to increase rewards on the Ethereum blockchain by allowing users to deposit ETH to help operate the network. According to data from DeFiLlama, since its debut in 2023, EigenLayer has attracted over $15 billion in assets,…> Open article in new tab
Coinbase hasn’t successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday.> Open article in new tab
A week ago, a crypto whale fell victim to a scam that resulted in the loss of over $71 million. In the following days, the scammer moved the funds to veil them. But in a shocking turn of events, they returned the funds to the victim. Related Reading: Ethereum Foundation Moves 1,000 ETH – Is The Top In? Address Poisoning Scam Snatches $71 Million On May 3, whale 0x1E22…8FD5 lost 1,155 Wrapped Bitcoin (WBTC), worth around $71.31 million, after falling victim to an address poisoning scam. This scam, also known as address spoofing, consists of trying to trick users into sending funds to fraudulent lookalike accounts. #PeckShieldAlert #Phishing A whale 0x1E22…8FD5 lost ~1,155 $WBTC (worth ~$71 million) after falling victim to address poisoning.The phisher has swapped the stolen $WBTC for ~23K $ETH & transferred them out pic.twitter.com/dr7eTYQkAX — PeckShieldAlert (@PeckShieldAlert) May 3, 2024 The “vanity addresses” are custom-made with specific…> Open article in new tab
The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee.> Open article in new tab
The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.> Open article in new tab
The XRP price, like the rest of the crypto industry, continues to struggle against the bearish winds that have taken over. This has seen its price consistently decline in spite of bulls’ best efforts to prop it up. However, it seems all hope is not lost for the altcoin as expectations are that it will recover soon enough. More specifically, crypto analyst WalterMoon is particularly bullish on the XRP price, noting that it is possible that it will break out of its current pennant. Analyzing The XRP Price Movement To try and pinpoint where the XRP price is headed, the crypto analyst first analyzed the movement of the altcoin over the last few weeks. This analysis showed a consistent breakout trend, albeit short-lived, that suggests that the altcoin could be getting ready to mount another one soon. Related Reading: Bitcoin Whales Lose Interest, Is This A Precursor For A Crash…> Open article in new tab
The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.> Open article in new tab
Perpetual futures markets price the fully diluted value of the token at around $15 billion.> Open article in new tab
The Near Protocol’s Near token has more than doubled in price in 2024.> Open article in new tab
The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.> Open article in new tab
Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.> Open article in new tab
The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the trading of predictive contracts.> Open article in new tab
Fireblocks is also convening a licensed and qualified crypto custodian partner program with a starting line up of custodians from the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.> Open article in new tab
The industry should expect its legal experts to effectively articulate how these innovative technologies are driving changes in how we understand money, privacy and governance.> Open article in new tab
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.> Open article in new tab
Fannizadeh, a lawyer specializing in the crypto industry at Geneva Legal, is a speaker at this year’s Consensus festival, May 29-31, in Austin, Texas.> Open article in new tab
RNDR cheers Apple’s brief mention of Render-powered 3D design software Octane.> Open article in new tab
The latest price moves in bitcoin (BTC) and crypto markets in context for May 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.> Open article in new tab
KuCoin has paid a fine of $41,000 and Binance’s financial penalty is still to be determined after a hearing with India’s FIU.> Open article in new tab
The fast-growing organization of cryptocurrency supporters, Stand With Crypto, is getting into campaign financing with the opening of its own political action committee (PAC) that will make direct donations to endorsed congressional candidates, said Chief Strategist Nick Carr.> Open article in new tab
A DOGE price pattern that presaged the early 2021 surge looks set to recur.> Open article in new tab
Lawyers of crypto exchange Kraken have told a U.S. court that claims by the U.S. Securities and Exchange Commission (SEC) against it should be dismissed to avoid a “significant reordering” of the U.S. financial regulatory structure, according to court filings submitted in the Northern District of California on Thursday.> Open article in new tab
Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a “protest vote” against Russia’s election results which have handed Vladimir Putin a fifth term as Russian president.> Open article in new tab
EIGEN’s airdrop comes after a wave of criticism of its distribution plan and points program.> Open article in new tab
Neel Somani, founder of Eclipse, which builds a layer-2 blockchain for Ethereum, said sexual misconduct allegations circulating against him on X were “false.”> Open article in new tab
The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 9-15.> Open article in new tab
To properly regulate stablecoins in the U.S., look at e-money abroad, says Marcelo Prates, a speaker at Consensus 2024.> Open article in new tab
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”> Open article in new tab
WisdomTree’s digital asset app on Thursday became available to customers in New York, even as CEO Jonathan Steinberg is under pressure from shareholders as a result of the investment company’s push into decentralized finance.> Open article in new tab
Paid shills are nothing new to crypto. Now they’re on the cap table, driving growth for protocols and leaving retail traders in the dark.> Open article in new tab
Hyperbolic, the two-year-old startup focused on decentralized AI computing, said that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized AI networks.> Open article in new tab
Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum’s custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed shut well past the target date, but the company explained it’s still finishing a process for auditing smart contracts.> Open article in new tab
Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of the country’s financial regulations.> Open article in new tab
Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.> Open article in new tab
Crews Enochs, from Index Coop, discusses the revival of DeFi Yields and D.J. Windle answers questions about DeFi investing in Ask an Expert.> Open article in new tab
The potential legal action against Robin Hood should be viewed as a continued attempt by the SEC to reinforce its position that all crypto tokens outside bitcoin and ether should be classified as securities, the report said.> Open article in new tab
Ethereum’s recent Dencun upgrade, which was designed to reduce fees and help scale the network, has caused ether {{ETH}} to revert back to an inflationary asset — potentially reversing one of the key benefits of last year’s Merge.> Open article in new tab
AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).> Open article in new tab
Crypto lender Ledn processed more than $690 million in loans during the first quarter, its most successful quarter since the firm’s inception in 2018.> Open article in new tab
The latest price moves in bitcoin (BTC) and crypto markets in context for May 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.> Open article in new tab
A Binance team found that “VIP” clients – those trading more than $100 million per month – were engaging in pump-and-dump schemes and wash trading, the Wall Street Journal said.> Open article in new tab
The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.> Open article in new tab
The index contains a variety of dog-themed coins and other popular meme tokens.> Open article in new tab
Bitcoin, the leading cryptocurrency by market value, fell by nearly 15% in April, ending a seven-month winning streak.> Open article in new tab
Crypto wallet company Exodus Movement will not be listing on NYSE American, the New York Stock Exchange’s sibling market, on Thursday as planned, the company announced late Wednesday.> Open article in new tab
Ngako is a speaker at this year’s Consensus festival, in Austin, Texas, May 29-31.> Open article in new tab
Investors should brace for waves of fear, uncertainty and doubt – or FUD – over the next few months, a K33 Research analyst said.> Open article in new tab
The principle of an open internet underpinned the growth of the early Web and is just as necessary now. If only the SEC could back innovation in a similar way, says Sarah Aberg, General Counsel at Nova Labs, the company behind Helium Mobile.> Open article in new tab