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The Maneki price has surged 30% in the last 24 hours to trade at $0.009357 as of 7:20 a.m. EST on a 37% surge in trading volume to $42 million. Maneki Price Rebounds On Descending Triangle: Can Bulls Reclaim The ATH? The Maneki price has been declining from its all-time high of $0.0276 , recording a 66% drop .  However, the support zone at $0.004637 has discontinued the bears’ advance, enabling the bulls to stabilize the price. Despite the recent decline, this support level remains strong, offering the bulls an opportunity to gain momentum and possibly push the price back up to recover their losses. MANEKIUSDT Analysis By Tradingview The descending triangle pattern indicates that the bullish momentum may persist, potentially driving higher prices. If this momentum continues, the bulls could propel the price beyond the wedge, sustaining the upward trend. The bulls have successfully maintained the price above the 50-period simple moving average (SMA), indicating a bullis

As many assets in the cryptocurrency sector near the week’s end on a positive note, XRP seems to be one of them, albeit recording only minor advances often mixed with sudden drops, and one crypto expert believes that the popular token is about to make one last dip before bullish recovery. Specifically, pseudonymous crypto trading analyst CoinsKid observed that XRP could go through “one last nuke” toward $0.4018 as part of its five-wave price action with bullish divergence before a massive recovery to $0.7478, as he explained in his X post shared on May 16. XRP price action analysis. Source: CoinsKid At the same time, the crypto market analyst believes that such a price action would offer an opportunity to “go all in at that point,” in other words, to buy XRP at a low price but also referring to his viewpoint as a potential “bear hopium,” suggesting irrational or unwarranted optimism. Picks for you Bitcoin vs inflation; Can Bitcoin hedge against inflation? 2 hours ag

Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap. On Tuesday, the top US crypto exchange put Drift Protocol (DRIFT) on the path towards being tradeable on its platform in the future. Drift is an open-source DEX that enables transparent and non-custodial trading. Explains the project, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive protection from over-extending risk. For instance: In the lend/borrow markets, you can also use collateral for perpetual futures and trade more efficiently with spot assets. Every token you deposit can earn you more through borrowing and also act as a collateral for perpetual swaps. Borrowers can only borrow if they have more collateral than needed, following multiple safety measures for extra protection.” The Drift Foundati

Global investment management firm Millennium Management has disclosed buying spot Bitcoin ETF s, according to an SEC filing. Millennium Management disclosed its Bitcoin ETF holdings on Wednesday, and they constitute 3% of its $64 billion fund as of the first quarter. JUST IN: Millennium Management discloses $2 billion spot # Bitcoin ETF portfolio. — Watcher.Guru (@WatcherGuru) May 15, 2024 The latest SEC filing reveals that Millenium has Bitcoin ETF holdings with BlackRock, ARK21, Bitwise, Fidelity, and Grayscale. Millenium Management holds over $844M in ETF shares under BlackRock, the far-and-away leader. The total Fidelity Bitcoin ETF isn’t far behind, with Millenium investing north of $800M in the asset as well. Several more companies and banks have announced investments in spot Bitcoin ETF s in recent weeks and months. These include institutions like Hightower and JPMorgan Chase. Throughout 2024, Spot Bitcoin ETF s have become a massive part of the dialogue w

Police in China have announced the dismantling of a large underground banking gang accused of facilitating illegal transactions with almost $2 billion worth of tether (USDT). Sichuan and Chongqing authorities said on Tuesday that 193 suspects across 26 Chinese provinces have been arrested as a result of the operation.  According to local media, the gang allegedly used USDT to evade China ’s foreign exchange regulations and provide a means for criminals to send their funds overseas, transacting 13.8 billion yuan ($1.9 billion ). Tether’s history with China goes far beyond commercial paper Read more: How Triad-linked gang used crypto and casinos to launder $10B Two ‘dens’ in Fujian and Hunan belonging to the gang were reportedly destroyed by authorities in 2023 and 149 million yuan ($20.6 million) of funds linked to the gang were frozen as part of the case.  The gang’s illegal foreign exchange reportedly committed “financial fraud, job-related Crime s, obstruction of drug man

The Dogecoin price dropped over 3% in the last 24 hours to trade at $0.1455 as of 12:30 a.m. EST as investors dump some of their holdings in the meme coin. The DOGE price drop comes after a meme coin market surge ignited by the reappearance of Roaring Kitty, a personality at the center of the meme stock craze and GameStop short squeeze back in 2021. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May 13, 2024 After an almost 3-year hiatus, he reappeared online and posted a cryptic tweet yesterday. Many believe the post signaled the analyst’s return and led to speculation of a possible GameStop 2.0. The Dogecoin Price Loses Key Support 4-hour chart for DOGE/USD (Source: GeckoTerminal ) The Dogecoin price lost the key support at $0.1470 over the past 24 hours. As such, bulls are trying their best to push the meme coin’s price back above this key point. Should DOGE close a 4-hour candle above $0.1470 within the next 8 hours, traders might enter into a long posit

The Slothana price soared 51% in the last 24 hours to trade at $0.05153 as of 03:04 a.m. EST on trading volume that rose 79% to $37 million. This comes even as as some investors take profits, the latest being a whale who sold 1500 SOL after buying in the presale, making a gain of 250%. Crypto analyst Jacob Bury says Slothana could be one of the biggest meme coins to explode in the bull market. Slothana Price Set To Soar Over The Bullish Pennant SLOTHUSD Chart Analysis Source: Geckoterminal.com Just after its launch, the Slothana price went through a price correction as a result of the SLOTH token distribution to its early buyers, as data from GeckoTerminal shows. Sloth has been trading within a consolidation level of around $0.010. Then bulls took over, pushing its price to an all-time high (ATH) of $0.05690. The $0.05690 resistance has kept the price in a bullish pennant, with bulls aiming to break above it. SLOTH is also trading above both the 50-day and 200-day SMA, show

As the cryptocurrency community continues to sit tight for the final outcome of the long-running courtroom battle between Ripple and the United States Securities and Exchange Commission (SEC), the blockchain company has asked the court to seal certain documents. Specifically, Ripple has filed a motion to seal specific documents filed in connection with the SEC’s motion for judgment and remedies, according to a document shared by a defense attorney and former federal prosecutor, James K. Filan, in an X post on May 14. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Motion to Seal Certain Documents filed in connection with the @SECGov's Motion for Judgment and Remedies. https://t.co/BCeLaHOnw0 — James K. Filan (@FilanLaw) May 14, 2024 Ripple v. SEC: Confidential financial data Among other things, the court document addressed to Judge Analisa Torres seeks sealing or redacting confidential information, including the company’s “negotiated financial terms of its cont

In a recent tweet, prominent Ripple analyst EGRAG Crypto shared an intriguing forecast for XRP. By analyzing the 21 EMA (Exponential Moving Average) and 55 MA (Moving Average) on weekly time frames, the analyst has identified a potential “ignition date” for XRP to enter a bullish cross, which could occur on July 1st, 2024. Examining Bullish and Bearish Crosses in XRP’s Price Cycles EGRAG Crypto’s Analysis is based on the observation of bullish and bearish crosses in XRP’s price cycles. In April 2023, the price action formed a bullish cross, indicating that it might follow the trajectory of Cycle ‘B’. However, Cycle ‘C’ is currently experiencing a bearish cross, which presents both concerns and promising prospects for XRP investors. Also read: Dogecoin Eyes Golden Cross: Can DOGE Hit $0.2 In May? The concern stems from the possibility of a waiting period lasting several months before the next bullish cross occurs. On the other hand, the promising aspect of this development

An unknown whale has sold off their altcoin positions for a massive loss after prices dipped, according to on-chain data. First reported by blockchain tracking service Lookonchain, one whale capitulated their positions in Ethereum (ETH) and layer-2 altcoins Optimism (OP) and Arbitrum (ARB). Lookonchain says the whale, with wallet addresses beginning with 0x12199 and 0xac218, suffered losses of $8.43 million. “So sad! This whale sold all ETH, OP, and ARB at a loss of ~$8.43 million. Sold 6,714 ETH ($19.5 million) at $2,903 and lost $6.45 million! Sold 428,047 OP ($1.06 million) at $2.48 and lost $902,000! Sold 901,685 ARB ($882 million) at $0.98 and lost $1.08 million!” At time of writing, ETH is trading for $2,888, while OP and ARB are worth $2.45 and $0.962, respectively. Lookonchain also spotted a “smart money” whale accumulating several altcoins. According to the firm, one wallet beginning with 0xd876 accumulated seven figures worth of the layer-one blo

YFX partners with Chainlink Data Streams to power decentralized perpetuals exchange on Arbitrum mainnet. YFX has enhanced its DeFi user experience by incorporating DeFi’s industry-standard, pull-based, low-latency oracle solution, supported by the reputable and unbiased Chainlink infrastructure. YFX’s initial integration includes utilizing the Chainlink Data Streams for AVAX/USD, BNB/USD, BTC/USD, DOGE/USD, ETH/USD, LINK/USD, USDC/USD, and USDT/USD. The YFX has selected Chainlink Data Streams as the favored low-latency Oracle solution due to their provision of high-quality data through established Chainlink infrastructure. This setup ensures exceptional performance and security, even during unforeseen circumstances like exchange downtime, sudden market drops, and potential data manipulation attacks facilitated by flash loans. YFX V4 is a decentralized perpetuals exchange offering a comprehensive and cost-effective trading platform with a leverage of up to 200x. It introduces Features

A widely followed cryptocurrency trader who accurately predicted Bitcoin’s (BTC) collapse to under $30,000 in 2022 is naming a blue-chip altcoin that he thinks possesses big upside potential. The trader pseudonymously known as Capo tells his 841,700 followers on the social media platform X that if Polkadot (DOT) manages to stay above a key support level at $6, the Ethereum (ETH) competitor could skyrocket as much as 172% from its current levels. “DOT. Currently at major support again, after being rejected from resistance. If this support holds, we should see a move up to the same resistance ($10 to $11) and if this level is broken, then it should reach $15 to $17.” Source: Capo/X Polkadot is trading at $6.25 at time of writing. According to Capo, his bullish thesis for Polkadot is bolstered by the crypto project’s progress. “Some strong fundamentals for Polkadot: – Polkadot 2.0 – Parachains – Polkadot gaming (migration of Mythical Games) – AI (artificial

The co-founder of social media platform Twitter, Jack Dorsey has predicted that Bitcoin will exceed the $1 million mark by the year 2030. Indeed, Dorsey made the optimistic prediction in an interview with Pirate Wire, where he noted the asset could go “beyond” the seven-figure mark. That would certainly be a monumental increase for the leading cryptocurrency. Currently, BTC is trading at just over $63,000, according to CoinMarketCap. Moreover, when speaking on the asset, Dorsey identified the $1 million mark as the lowest potential mark for the token in six years. Source: Decrypt Also Read: Cryptocurrency: Top 3 Coins To Buy Before Bitcoin Reclaims $73,000 Jack Dorsey Expects Bitcoin to Reach ‘at Least $1 Million’ by 2030 Throughout 2024, the digital asset market has enjoyed a notable increase in prominence. Moreover, that has been primarily driven by the market leader, Bitcoin. Following the approval of landmark Spot Bitcoin ETFs by the US Securities and Exchange Commiss

VanEck’s MarketVector makes a bold move into the dynamic realm of cryptocurrency investment with the launch of its latest index, aimed at monitoring the intriguing landscape of meme coins. The newly introduced MarketVector’s Meme Coin Index, identified by the symbol MEMECOIN, is tailored to observe the performance of the leading six meme tokens. This further offers investors a glimpse into this unpredictable segment of the cryptocurrency market. Source: Coinex The forefront of this index Features meme coins like Dogecoin [DOGE], Shiba Inu [SHIB], and Pepe Coin [PEPE]. It is accompanied by other emerging players such as Dogwifhat [WIF], Floki Inu [FLOKI], and BONK. These tokens, rooted in internet culture and often characterized by playful themes, have captured the attention of investors globally. Also Read: Is Shiba Inu Better Than Dogecoin? Analyst Explains The Rise of Meme Coins The staggering growth reflected in MarketVector’s index, showcasing an impressive

According to Elizabeth Stark, CEO of Lightning Labs, the firm is bringing stablecoins and tokenized assets to the Bitcoin (BTC) network. Stark noted that developers have begun testing the initiatives on the Lightning Network. Speaking at FT Live’s Crypto and Digital Assets summit in London, Stark stated, ‘ We released an early part of the code in October and recently demoed the first-ever transaction on Lightning of an asset. The idea is to have crypto dollars and stablecoins on the Bitcoin blockchain. ‘ Also Read: US House Advances Bill To Allow Financial Firms To Hold Bitcoin Stark added that previously stablecoins and tokenized assets were hosted on other networks. However, high fees and other issues have plagued their growth. Additionally, the Lightning Labs CEO believes that the Bitcoin network is the best place to host stablecoins. She highlighted the BTC network’s security and decentralized nature. Why will stablecoins benefit from the Bitcoin network? Stark