A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112. “SOL: feels like…
A new decentralized finance (DeFi) trading altcoin is surging after gaining support from the top US-based crypto exchange platform by volume. In a new thread on the social media platform X, Coinbase says it’s adding the DeFi token Definitive Finance (EDGE) to its suite of digital asset products with an experimental label, causing the altcoin…
A prominent stablecoin depegged from the US dollar Wednesday morning after it was alleged that its Hong Kong-based issuer was bankrupt In a new thread on the social media platform X, crypto billionaire and Tron (TRX) founder Justin Sun urged his followers to “take immediate action” to protect any assets they held in FDUSD, a…
The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market. In a new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will boost the US stock market the same way stablecoins are helping establish…
Coinbase CEO Brian Armstrong says the US economy would benefit if Congress adopts stablecoin legislation that allows users to earn on-chain interest. In a new post on the social media platform X, Armstrong says dollar-backed stablecoins are growing in popularity and could yield increased benefits for users as well as the US with changes to…
Investor Chris Burniske says the recent controversies surrounding memecoin launches have created an ideal opportunity for traditional financial (TradFi) firms to penetrate the crypto market. The venture capitalist tells his 324,400 followers on the social media platform X that TradFi firms are about to launch crypto-focused products and tokens and show the industry how to…
Nearly one-third of the South Korean population has reportedly invested in Bitcoin (BTC) and other digital assets. The Seoul-based news agency Yonhap, citing data released by the South Korean government, reports that as of late February of this year, 16.29 million people have opened accounts on Upbit, Bithumb, Coinone, Korbit and Gopax, the country’s top…
The bankrupt crypto exchange FTX is reportedly primed to begin paying its main group of creditors at the end of May. Business restructuring lawyer Andrew Dietderich said in court last week that the payouts are scheduled to begin on May 30th, Bloomberg reports. FTX will use its $11.4 billion cash reserves, which were amassed after…
A closely followed crypto strategist believes that the native asset of a layer-2 scaling solution could witness an over 3x rally this year. Pseudonymous analyst Inmortal tells his 231,000 followers on the social media platform X that he’s bullish on Mantle (MNT), noting that he believes the altcoin has already printed a 2025 bottom at…
A closely followed crypto analyst is warning that payments token XRP and three other altcoins may suddenly collapse. In a new post, crypto trader Ali Martinez tells his 134,500 followers on the social media platform X that XRP may be forming a head-and-shoulders (H&S) pattern on the daily chart. An H&S structure is a bearish…
