Key points: Bitcoin (BTC) surged to a new all-time high on Thursday, and the bullish sentiment has rubbed off on select altcoins. One such altcoin is Sui (SUI), which rallied 11.3% to $3.41. Could SUI continue its upward move? Let’s analyze the charts to find out. SUI price prediction SUI turned up sharply from the…
Florida’s top prosecutor has opened an investigation into trading platform Robinhood, alleging it has been falsely promoting its crypto services as the least expensive on the market. However, Lucas Moskowitz, Robinhood’s general counsel, told Cointelegraph in a statement that the platform is transparent about its fees, and customers trade crypto at the lowest cost on…
The GMX protocol halted trading on GMX V1 after a liquidity pool suffered an exploit on Wednesday, leading to $40 million in funds being stolen and sent to an unknown wallet. GMX V1 is the first version of the GMX perpetual exchange deployed on the Arbitrum network. The attacked pool is a liquidity provider for…
Bitcoin mining firm Bit Mining is making a strategic shift into the Solana ecosystem, with plans to raise up to $300 million to support the move. The company said on Thursday it plans to raise between $200 million and $300 million in different phases to build a sizable Solana (SOL) token treasury. The capital will…
Key point: Lawmakers with the US Senate Banking Committee will conduct a hearing on Wednesday titled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets,” and Ripple CEO Brad Garlinghouse is one of the participants. Could Ripple’s growing involvement in policy discussions in Washington, D.C., boost the price of XRP (XRP)? Let’s analyze the…
Key takeaways: Ether closed above $2,700 for the first time in a month. Declining BTC dominance and a pivotal 72-hour window for ETH could confirm the start of an altcoin season. Ether (ETH) closed above $2,700 on Wednesday for the first time in four weeks, signaling continued bullish momentum. The upward move continued into Thursday,…
Key point: Solana memecoin launchpad LetsBonk’s 24-hour revenue surged to $1.04 million on Monday, nearly double the revenue of Pump.fun at $533,412, according to data aggregated by decentralized finance platform DefiLlama. Bonk’s (BONK) price has rallied sharply since the launch of LetsBonk on April 25. Could the rally continue? Let’s analyze the charts to find…
Key point: Hyperliquid (HYPE) has witnessed a strong growth trajectory in the past year, with average trading volume soaring, reaching $3 billion to $5 billion from less than $100 million, according to CoinGlass’ semi-annual crypto derivatives outlook. “Hyperliquid accounts for more than 80% of the DeFi perpetual contracts market share,” the report reads. Could Hyperliquid’s…
Key takeaways: XRP price jumped around 12% after Ripple named BNY Mellon as custodian for its RLUSD stablecoin. Traders are betting on increased XRP utility as RLUSD adoption potentially shifts from Ethereum to XRPL. Bullish chart patterns suggest XRP could rally toward $2.87 or even $3.72, barring a breakdown below $2. XRP (XRP) has surged…
Key takeaways: SOL’s perpetual futures funding rate turned negative, highlighting a lack of confidence among traders. Despite strong fundamentals, institutional players continue to avoid Solana due to MEV concerns. Solana’s native token, SOL (SOL), has not reached the $180 level since late May, raising doubts among traders about whether a bull run in 2025 is…
