Author: CryptoHoppers

Key Takeaways Trader Rekt Capital observes initial signs of stability in Bitcoin’s daily chart structure post-crash. Key price levels for Bitcoin recovery include $60,600 weekly close and $58,790 quarterly close. Share this article Bitcoin’s (BTC) daily chart structure is showing its first signs of stability after the crash seen last week, according to the trader who identifies himself as Rekt Capital. In an X post, he highlighted that BTC is getting closer to its previous “June downtrend” line, and this resistance will be challenged if a bullish divergence scenario plays out. #BTC Bitcoin is showcasing some initial signs of stability…

Rodney Burton, known as “Bitcoin Rodney,” will remain in detention awaiting trial on charges of masterminding a multi-billion-dollar cryptocurrency fraud. Arrested in January at Miami International Airport, Burton faces accusations of conspiracy to operate an unlicensed money-transmitting business and the actual operation of such a business. U.S. District Judge Richard Bennett denied Burton’s bail request […] Source link

Well-known crypto analyst TechDev says that Bitcoin (BTC) is probably in the midst of a bear trap to shake out weak hands before a large move up in price. The pseudonymous analyst shares with his 464,000 followers on the social media platform X a Bitcoin chart that suggests BTC is mirroring its 2017 pre-parabola price action after roughly 1,200 days of accumulation. TechDev’s chart also incorporates the net unrealized profit and loss (NUPL) metric, which gauges the overall sentiment of market participants by tracking the unrealized gains and losses of all coins in circulation. Based on his chart, the analyst…

The Republican National Committee (RNC) just adopted a platform that plans to boost crypto mining and oppose the creation of a CBDC. The Republican National Committee, led by Michael Whatley and Donald Trump’s daughter in law Lara Trump has officially adopted their election platform that includes a section on crypto innovation. The platform was made released Monday as the party gears up for the November election.  “Republicans will end Democrats’ unlawful and un-American Crypto crackdown and oppose the creation of a Central Bank Digital Currency (CBDC),” the document states. “We will defend the right to mine Bitcoin, and ensure every…

Key Takeaways BlackRock’s BUIDL fund is the first tokenized treasury to reach a $500 million market cap. Ethereum dominates the tokenized treasury market with over 75% share. Share this article BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $500 million in market value, according to data from Dune Analytics. The growth also made BUIDL the first tokenized fund to hit the $500 milestone.BlackRock’s BUIDL hits $500 million – Source: Dune AnalyticsAs of July 8, BUIDL has attracted around $502 million in deposits. Data from Etherscan shows that the latest achievement comes as Ondo Finance increased its holdings in BUIDL.Ondo’s…

Ubisoft, the French AAA game developer, has recently announced a partnership with Double Jump.Tokyo, a Web3 gaming company, to accelerate the implementation of Web3 elements in their games. As a first step, Double Jump.Tokyo will issue NFTs for Champion Tactics, a game still in development, on top of Home Verse, an Oasys L2 structure with […] Source link

Crypto and blockchain investment firm Multicoin Capital is donating up to $1 million to support pro-crypto Republican lawmakers. The firm said it would match every SOL donated up to $1 million over the next 10 days through The Sentinel Action Fund, a conservative super-political action committee. The donation process is powered by crypto exchange Gemini, according to the site. “We’re doing this because we realize that political engagement matters, and it starts with supporting the candidates who believe America needs to remain free for innovation,” said Kyle Samani, managing partner at MultiCoin Capital, in a post on X on Friday. “By making…

Open Campus has been awarded a grant from the Arbitrum Foundation to establish EDU Chain, the first blockchain for education. The Arbitrum Orbit Stack serves as the foundation for the L3 rollup of EDU Chain, a blockchain network exclusively for education.  Many business partners, including Animoca Brands, support Open Campus, a well-known decentralized education protocol. It will extend support to the Arbitrum Ambassador Program, focusing on educational content endeavors. Open Campus will participate in Arbitrum hackathon competitions, which provide incentives to developers who build decentralized applications for blockchain networks designed for education. The EDU Chain’s objective is to create an…

Key Takeaways Mark Cuban previously criticized SEC’s approach, suggesting its potential impact on the 2024 election. Ro Khanna’s roundtable seeks to strengthen crypto industry ties. Share this article Democrat Ro Khanna is hosting an exclusive crypto-focused roundtable in Washington this Wednesday, Fox Business journalist Eleanor Terrett reiterated in a recent post. The event will feature several prominent figures, including billionaire entrepreneur Mark Cuban, Ripple CEO Brad Garlinghouse, and SkyBridge Capital founder Anthony Scaramucci, Terrett reported in a separate post.Cuban is a vocal advocate for crypto and the crypto industry. He believes clear crypto regulations from Congress before the 2024 US…

Just like oscillators, moving averages (MAs) are indispensable tools in technical analysis, providing traders with insights into price trends and potential market reversals. In this learning and insights article, we’ll delve into the history, types, and application of moving averages leveraged in bitcoin trading, highlighting their significance and utility in the crypto market. The History […] Source link