Author: Sollcrypto
The cryptocurrency market has witnessed its fair share of ups and downs lately, and Shiba Inu (SHIB) has been no exception to this trend. However, recent data suggests that this meme coin might be poised for a resurgence. Let’s delve into the data and the underlying narrative. Firstly, let’s look at the trading volume. As the price of SHIB has been on a downward trajectory, so too has the trading volume. This trend indicates one thing with clarity: the momentum behind the price decline is waning. The decreasing volume, combined with a declining price, often signifies that the downward pressure…
Solana (SOL) has surged, garnering $26 million in inflows since the beginning of 2023, surpassing all other alternative cryptocurrencies, including Ether (ETH), which is currently priced at $1,615. This trend suggests that Solana is the “most beloved altcoin among investors,” as reported by CoinShares. In the Digital Asset Fund Flows weekly report dated September 4, CoinShares’ Head of Research, James Butterfill, highlighted that trading volumes for cryptocurrency investment products for the week ending September 1 were 90% higher than the year-to-date average. Coin product outflows also decreased to $11.2 million during this period. This positive trend follows a seven-week period…
Alex Gluchowski, the co-founder and CEO of Matter Labs, has put forward a concept for an Ethereum court system designed in the fashion of a hierarchical court structure similar to the real world. In a post made on September 2 on X (formerly Twitter), Gluchowski introduced the idea of an “Ethereum Supreme Court,” functioning much like the United States Supreme Court. This hypothetical court would serve as the ultimate authority for resolving disputes related to smart contracts, eliminating the need for parties involved to resort to traditional legal processes or courts. Gluchowski emphasized that the primary role of such a…
SEBA Bank, a financial services provider, has announced that it has received an approval-in-principle (AIP) for a license that would enable it to provide various digital asset services to Hong Kong residents. The AIP was granted by the Hong Kong Securities and Futures Commission (SFC), according to a statement from SEBA Bank. This development takes the company one step closer to realizing its ambitions of participating in the digital asset ecosystem in the region, pending the issuance of a full license. Upon receiving a full license, SEBA will have the capacity to offer a range of services to institutional clients,…
Ethereum’s recent price behavior has been akin to an intricate dance, and if you’re not paying close attention, you might miss its subtle rhythm. What deserves the spotlight here is an often-overlooked yet influential indicator: the RSI divergence. The Relative Strength Index (RSI) provides insights into the pace of price movements, and at this moment, it’s conveying a message worth heeding. Now, let’s delve into the details. Ethereum is currently trading at approximately $1,631.95, which is respectable. However, the intriguing part lies in the RSI’s trajectory. While Ethereum’s price seems to be descending rapidly, the RSI is steadily ascending, creating…
As time progresses, the world undergoes continuous transformations, with the onset of the 2019 pandemic serving as a catalyst for significant changes in our daily lives. One of the most profound consequences of the global pandemic has been the transformation of our work patterns. Similar to many nations worldwide, the Philippines faced severe economic challenges during the pandemic. Consequently, numerous adjustments were implemented to adapt to the evolving circumstances brought about by the disease. According to the global management consulting firm McKinsey & Company, COVID-19 has fundamentally reshaped traditional work structures, and its enduring impact is evident. In response to…
Binance’s CEO, Changpeng “CZ” Zhao, anticipates that decentralized finance (DeFi) could outpace centralized finance (CeFi) during the upcoming bullish market cycle. In a live X Spaces event on September 1st, titled “CZ AMA,” Zhao expressed his views on the future of DeFi. He stated, “I believe that the greater the degree of decentralization in the industry, the more advantageous it is.” He further suggested that it might not be long before DeFi surpasses CeFi in terms of trading volumes. On June 9th, Cointelegraph reported that, following legal actions taken by the United States Securities and Exchange Commission (SEC) against centralized…
Throughout history, September has often proven to be a challenging month for Bitcoin (BTC) enthusiasts, marked by significant price declines. This time around, analyst Miles Deutscher suggests that the situation could be even more challenging. The crypto markets, particularly Bitcoin (BTC) and prominent altcoins, will grapple with a contentious macroeconomic backdrop, regulatory ambiguity, and substantial “unlocks” of certain widely-used tokens. “We have to be wary”: Analyst on Bitcoin (BTC) in early Q4, 2023 As of September 2023, the Bitcoin (BTC) market appears lethargic and disinterested, facing the challenge of a “significant supply surplus.” Compounded by the delayed verdicts on Bitcoin…
Billy Markus, one of the co-creators of the original meme cryptocurrency Dogecoin alongside Jackson Palmer in 2013, recently expressed his excitement on X app (formerly known as Twitter) regarding his latest paycheck from the platform, which is distributed as a part of their revenue-sharing program with content creators. Nevertheless, Markus openly acknowledged that this time around, his X app paycheck was smaller than his previous earnings. On X, he goes by the pseudonym “Shibetoshi Nakamoto” and boasts a substantial following of over 2.1 million users. The compensation for the creator of DOGE on X app diminishes. This time, Markus acknowledged…
Lawyers representing Ripple in its ongoing lawsuit against the United States Securities and Exchange Commission (SEC) have suggested that the regulatory agency has not fulfilled the necessary requirements for requesting an appeal. In a filing dated September 1, submitted to the U.S. District Court for the Southern District of New York, Ripple’s legal team argued that the SEC’s grounds for seeking an appeal primarily revolved around its dissatisfaction with a judge’s ruling that determined the XRP token did not qualify as a security in sales to retail investors. The lawyers asserted that the case lacked the “exceptional circumstances required for…