Author: CryptooTimes
Tokens with low initial circulating supply to fully dilute value ratios and threaten the crypto market. Binance experts have published a new report analyzing tokens launched in 2024. The study shows that the initial circulating supply to fully diluted value (FDV) ratio was the lowest in several years, indicating potentially high selling pressure that could negatively impact the crypto market. Source: Binance At the same time, the total number of tokens issued since the beginning of 2024 is already close to the 2023 figure, with Binance analysts suggesting that the number of projects with high FDV, dictated by low initial…
This article outlines a Solana (SOL) price prediction for the near future as well as potential price trends in the coming years. We explored SOL’s potential performance, influencing factors, and market expectations. Let’s take a look at the coin’s estimated trajectory based on current market trends and technical analysis. What is Solana (SOL)? Solana (SOL), a high-performance blockchain platform, has garnered substantial attention in the cryptocurrency sphere. Known for its exceptional speed and scalability, Solana has positioned itself as a formidable contender in the market, often dubbed the “Ethereum Killer.” This platform’s ability to process thousands of transactions per second…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. New meme coin project WienerAI (WAI) has raised over $2 million in its ongoing presale, with traders and analysts predicting a 100x surge for the token soon. Meme coins have taken the crypto market by storm this year. These coins, often characterized by their unique branding and community-driven nature, have captured the imagination of traders looking for the next big opportunity. One such coin that has recently made waves is WienerAI (WAI), a meme coin that combines artificial intelligence…
A Federal High Court in Abuja has denied bail to Tigran Gambaryan, a Binance executive, who faces charges of money laundering and tax violations in Nigeria. Justice Emeka Nwite ruled against granting Gambaryan bail on Friday, citing the executive’s potential flight risk and the severity of the allegations. Gambaryan, head of financial crime compliance at Binance, was arrested in February shortly after arriving in Nigeria to discuss the crypto exchange’s operations with government officials. The Nigerian Economic and Financial Crimes Commission is prosecuting the $35 million money laundering case, while the Federal Inland Revenue Service is overseeing tax violation charges.…
After announcing a new initiative, the Chainlink token has become a growth leader in the crypto market. According to CoinMarketCap data, Chainlink (LINK) has outperformed other cryptocurrencies over the past 24 hours, gaining more than 20%. The coin’s price increased by over $3, rising from $13.69 to $16.71 in a few hours. The growth in LINK trading volume was even more remarkable, soaring 335% over the past 24 hours to $1.34 billion. Source: CoinMarketCap Santiment data shows that LINK’s market capitalization surged 14% in eight hours. The number of whales has also increased by more than 4% to more than 564,000…
Spot Bitcoin ETFs offset April losses in the first two weeks of May. Eric Balchunas, Senior ETF Analyst for Bloomberg, noted that Bitcoin ETFs have already seen $1.3 billion in inflows in May, offsetting all of the negative inflows in April for a total inflow of $12.3 billion since launch. The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net since launch. This key number IMO bc it nets out inflows and outflows (which are normal)…
Oklahoma has passed a bill to safeguard residents’ rights to self-custody digital assets, including crypto, effective Nov. 1. The legislation, known as OKHB3594, was signed into law by Governor Kevin Stitt and backed by Republican legislators, including State Senators Bill Coleman and Dana Prieto, and State Representatives Brian Hill and Cody Maynard. The bill explicitly prohibits any restrictions or bans on using or self-custody digital assets through self-hosted or hardware wallets. It also allows Oklahomans to mine cryptocurrencies at home or industrially, provided they adhere to local noise regulations. The legislation also specifies that individuals engaged in home digital asset…
Following a recent airdrop, Notcoin users expressed gratitude to Telegram founder Pavel Durov. Over half a million users from the play-to-earn blockchain game donated 1.03 billion Notcoin (NOT) worth $6.8 million at current prices to Durov’s personal wallet address. “Thanks for everything you guys built,” read the message addressed to the Telegram founder and his team. In response, Durov promised to hold the tokens until a $680 million price marker and acquire more Telegram servers to bolster operations. Private messaging platform Telegram has supported blockchain development, and endorsed initiatives like The Open Network (TON). Such backing has allowed web3 builders…
Cryptocurrency exchange Kraken is considering delisting the USDT stablecoin in the EU. According to a Bloomberg report, the exchange is “actively reviewing” delisting plans. The possible abandonment of USDT is due to the new regime for digital assets, which will come into force in the EU in July. Tether’s stablecoin will likely be affected by new EU rules, specifically the Markets in Crypto Assets (MiCA) regulations. The guidelines, which have yet to be finalized by the European Banking Authority, will impose restrictions on stablecoins offered to European investors. “We’re absolutely planning for all eventualities, including situations where it’s just not…
zkSync tweeted about plans to hand over governance to the community next month, suggesting that a token airdrop is imminent. Ethereum-based zero-knowledge (ZK) solution zkSync hinted at a token distribution after developers ship the protocol’s upcoming v24 release expected by the end of June. The project taps ZK cryptographic technology to scale Ethereum’s (ETH) blockchain, and offer users affordable transactions on the world’s second-largest decentralized network. With the deployment of proto-danksharding through the Dencun upgrade, Ethereum gas fees have became even cheaper. Data from L2Fees shows that it costs less than a dollar to send ETH or swap tokens on the…
