The price of BNB fell from around $815.8 to $795 in a move that breached the widely watched $800 support level. At its lowest, BNB touched $780 before bouncing slightly. Trading activity during this window spiked to above 4,000 tokens per minute, according to CoinDesk Research's technical analysis model. A drop below $800 is seen … Read more
BONK has rallied 6%, recovering from earlier declines to reach $0.000036. The Solana-native meme coin traded in a wide 12% range, moving between $0.00003276 and $0.00003670, with pronounced volatility offering opportunity for accumulation by strategic buyers. Price momentum was strongest between 12:00 and 13:00 UTC on July 28, when BONK surged to its daily high … Read more
Thursday's price pullback in major cryptocurrencies is probably the result of a long squeeze, or unwinding of leveraged bullish plays, rather than an outright bearish stance. The CoinDesk 20 Index (CD20) of the largest, most liquid tokens has lost 6.8% in the past 24 hours, with bitcoin (BTC), the leading cryptocurrency by market value, falling … Read more
Need evidence of speculator fervor. Look no further than Coinglass' crypto derivatives leaderboard, which shows that fartcoin (FARTCOIN), the Solana-based memecoin, is now the 10th largest token based on derivatives open interest. As of writing, notional open interest in futures tied to fartcoin totaled over $1 billion, placing the joke cryptocurrency ahead of well-established coins, … Read more
The crypto price chart mostly reflected losses on Thursday, February 1. Bitcoin saw a loss of 2.28 percent, pushing its price below its recently re-claimed price point of $42,400 (roughly Rs. 35 lakh). At the time of writing, BTC was trading at $42,020 (roughly Rs. 34.8 lakh). Commenting on the situation, the CoinDCX team told … Read more
LinkedIn co-founder Reid Hoffman is leaving OpenAI’s board to avoid conflicts of interest as he backs more artificial intelligence companies, he said in an online post. Hoffman, who has invested in and advised the startup since its 2015 founding, said his venture capital firm Greylock is funding companies such as presentation generator Tome, which are … Read more
Bitcoin price on Friday rose by 5.56 percent and the digital asset is currently trading at around $69,196 (roughly Rs. 57.7 lakh) on Indian cryptocurrency exchanges like WazirX and CoinSwitch and $66,155 (roughly Rs. 55.2 lakh) on foreign exchanges like Binance. Earlier this week, the US Labor Department’s Bureau of Labor Statistics released the consumer … Read more
Retail investors are showing a strong interest in cryptocurrencies despite the speculative and volatile nature of these virtual assets. The finding was highlighted in a report released by the Board of the International Organisation of Securities Commissions (IOSCO). The Madrid, Spain-based body said it surveyed 24 jurisdictions to compile this report titled “Investor Education on … Read more
The dollar value locked in open XRP options contracts listed on Deribit is rapidly climbing to a record as the token’s high implied volatility draws yield hunters. The so-called notional open interest (OI) has risen to nearly $98 million from $71 million since the June 27 quarterly expiry, a solid 38% rise in two weeks. … Read more
Three Solana-focused exchange-traded funds (ETFs) listed in the U.S. have quietly pulled in $78 million over the past month, reflecting rising interest in altcoin-backed investment products despite the outsized dominance of bitcoin and ether in ETF markets. The Solana REX-Osprey SOL + Staking ETF (SSK), which launched July 2, has already attracted over $41 million … Read more