Author: Web3 Daily Press Staff

Cardano (ADA)’s founder is a man of many words and many GIFs. Charles Hoskinson’s comments, whether you agree or disagree with them, tend to spark discussions in the crypto community. Hoskinson’s latest X reply spree covered issues from dating advice to his confidence in the ecosystem to Solana’s recent struggles. As a result, several conversations regarding those topics and Cardano’s founder’s perspectives on them spread across the X platform. Charles Hoskinson’s Dating Advice Charles Hoskinson offered some crypto-related dating advice in a reply to Lily Brodi, the creator of the viral ‘Cardano Girls’ video. The content creator asked whether it…

Read More

BlockDAG Leads Crypto Innovation with $13.3M Presale and High-Speed Transactions, Amid Bitcoin Cash Halving and AXL’s Market Growth As the cryptocurrency community anticipates the halving of Bitcoin Cash, speculation abounds regarding its potential impact on the market and its position among leading cryptocurrencies. Amid these discussions, BlockDAG emerges as a beacon of innovation and potential, with its presale surpassing $13.3 million, driven by a promising 20,000x ROI and an exceptional transaction capacity of 10K-15K TPS. This development places BlockDAG in the limelight, even as AXL showcases a promising bullish trend. Exploring Bitcoin Cash’s Upcoming Halving Event The imminent halving event…

Read More

Despite recent market falls, BNB remains strong on the weekly outlook and simultaneously forms a continuation pattern on the daily. The bullish signal may turn invalid if the latest supply outweighs demand.  Yesterday saw BNB through a slight retracement after experiencing a 5% cut in price since the start of the week. The retracement ended at $581 and the price rolled back due to the fresh sell-off that hit the crypto market again.  It has seen an additional 3% drop overnight as the price faces Tuesday’s low. A strong daily candle closed below this low would confirm a short-term sell…

Read More

SEC’s Ethereum ETF comments period has stirred mixed reactions Analysts split on ETF’s impact on ETH’s price, uncertain about SEC decision Recently, the U.S Securities and Exchange Commission (SEC) initiated a 21-day public comments period for proposed Ethereum [ETH] ETF filing amendments tied to Bitwise, Fidelity, and Grayscale. While this development sparked enthusiasm among some crypto-enthusiasts, industry analyst James Seyffart downplayed its significance, referring to it as “standard procedure.”  ETH price expectations amid ETF speculations In the middle of these developments, it is worth noting that ETH’s price fell by 14.48% over the month, with the altcoin trading at $3,220.95…

Read More

The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its smaller rival, Ethereum. This development has led crypto asset trading firm QCP Capital to speculate that this shift in the ratio could be an early indication of a transition from “fear of missing out” (FOMO) to outright fear.  Bitcoin And Ethereum Performance Regarding recent market trends, the second quarter of 2024 has begun with relatively subdued activity. Bitcoin’s price has dipped…

Read More

click to enlarge In the dynamic realm of online gambling, Litecoin (LTC) casinos have emerged as a favored choice for players seeking swift, secure, and cost-effective ways to enjoy their preferred games. By harnessing the power of cryptocurrency technology, these platforms deliver a unique blend of anonymity and efficiency, making them particularly appealing to those already familiar with Bitcoin and the broader crypto ecosystem. As interest in digital currencies continues to skyrocket, LTC casinos are gaining momentum due to their lower transaction fees and faster processing times compared to their Bitcoin-based counterparts. This has unlocked a new pathway for players…

Read More

As the crypto market takes a brief pause after impressive growth last quarter, large investors’ attention seems to be shifting towards meme coins, presenting a notable trend amidst the dynamic landscape of cryptocurrencies. This is exactly what happened with the dog-themed cryptocurrency Shiba Inu (SHIB), as three new wallets accumulated a staggering 184 billion SHIB, worth approximately $4.9 million, mid-this week. According to a Wednesday tweet by the renowned on-chain “The Data Nerd,” these fresh wallets withdrew the SHIB from major exchanges like Binance and Coinbase within 24 hours. Furthermore, this surge in SHIB whale activity is complemented by a…

Read More

Benzinga – by Benzinga Insights, Benzinga Staff Writer. Over the past 24 hours, VeChain’s (CRYPTO: VET) price has risen 3.99% to $0.04. This is contrary to its negative trend over the past week where it has experienced a 8.0% loss, moving from $0.05 to its current price. As it stands right now, the coin’s all-time high is $0.28. The chart below compares the price movement and volatility for VeChain over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price…

Read More

Tether Treasury has been actively minting USDT tokens amidst choppy market conditions. In the latest development, $3 billion worth of USDT tokens were mined by the Tether Treasury within a period of three days, according to an update by Lookonchain. The tokens were then distributed across the Ethereum and TRON blockchains. This surge in USDT minting has sparked curiosity regarding the destination. Since April 1st, approximately $2.55 billion USDT has flowed into prominent crypto exchanges, including Binance, Bitfinex, Kraken, and Coinbase. Notably, Bitfinex received $1.018 billion USDT, while Kraken and Binance witnessed an inflow of $824.1 million and $614.6 million…

Read More