Author: Benjamin Lee
Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of Grayscale Avalanche Trust, which would be entirely tied to the price of the layer-1 project’s native asset, AVAX. Grayscale isn’t the first financial giant to file for an Avalanche ETF. Documents submitted to the state of Delaware earlier this month suggest VanEck also hopes to launch a fund tied to the Ethereum (ETH) rival. Coinbase Custody will serve as the custodian…
Binance’s first class of memecoins chosen by traders is experiencing major volatility following their listings. Earlier this month, Binance introduced a new “Vote to List” campaign, allowing users to choose smaller projects to add to the world’s largest crypto exchange. “We now invite users to participate and vote on the first batch of Vote to List projects under the official post… on Binance Square Official. The first batch of Vote to List is exclusively for BNB Smart Chain-based tokens.” Yesterday, Binance announced the winners of the first ‘Vote to List’ campaign: memecoins Mubarak (MUBARAK), CZ’S Dog (BROCOLLI714), Tutorial (TUT) and…
Cryptocurrency trader and analyst Ali Martinez is leaning bullish on an altcoin that’s less than two months old while unveiling his forecast for XRP (XRP) and Sui (SUI). Martinez tells his 134,300 followers on the social media platform X that the native token of Berachain (BERA), the newly launched crypto project focused on decentralized finance (DeFi), could go up by up to 70% if the altcoin manages to break above a key resistance level. “Berachain is up 65% in the past two weeks and is now testing the upper boundary of this channel. A breakout here could open the gates…
A crypto whale is booking millions of dollars in losses after making several Official Trump (TRUMP) trades. According to blockchain tracking platform Lookonchain, the whale’s losses have ballooned to nearly $16 million on his TRUMP memecoin trades this month. “This whale sold 743,947 TRUMP ($7.92 million) at $10.66 [Friday] – taking another $3.3 million loss on TRUMP! He only profited on his first TRUMP trade. The next three were all losses, bringing his total loss to $15.7 million.” Earlier this month, Lookonchain noticed that the same whale at first made nearly $12 million on his initial TRUMP trade, before suffering…
Binance plans to use its Launchpool platform to launch trading support for the new native asset of a gaming blockchain. Binance Launchpool, which lets users stake coins to farm new assets, says its 66th project will be GUN, the official token of the GUNZ blockchain, which was built by developer Gunzilla Games. The chain currently powers Gunzilla’s Extraction Royale game “Off The Grid” and its infiltration game “Technocore.” Gunzilla says in the project’s whitepaper that the chain was “purpose-built for AAA web3 gaming.” “Originally created to support a community-driven economy for Gunzilla’s flagship title, Off The Grid (OTG), GUNZ has…
The chief executive of financial advisory giant deVere Group says that the adoption of one particular asset class will increase demand for both Bitcoin (BTC) and Ethereum (ETH). In a new video update, deVere Group CEO Nigel Green tells his 115,000 YouTube subscribers that stablecoins, or fiat-pegged digital assets, could save the US economy and reinvigorate demand for the top two crypto assets by market cap. According to Green, stablecoins can help keep US interest rates lower, boosting money circulation in the economy. “Stablecoins are virtually instant – in other words, it means you can transfer inexpensively and very quickly.…
A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA). Traders look at the EMA to determine whether an asset’s price is in an uptrend or not. If the price remains above the EMA, then the asset is likely going to remain bullish. However, he warns that an S uptrend may depend on whether Bitcoin…
A widely followed analyst says one decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem may be gearing up for a massive breakout. Pseudonymous analyst Credible Crypto tells his 466,000 followers on the social media platform X that Curve DAO (CRV) may increase more than 240% from its current value if it can break through a key resistance area. “For those looking to buy a dip on CRV, on lower timeframes, we are approaching a key level of resistance on both USD and BTC pairings. Identify this level (it’s easy enough to do on the four-hour chart) and understand…
A whale who previously won big on the Official Trump (TRUMP) memecoin booked a loss on the controversial asset over the weekend, according to the crypto tracker Lookonchain. Lookonchain notes on the social media platform X that the whale spent $5 million worth of Circle’s stablecoin, USDC, to buy TRUMP right after President Donald Trump posted “I LOVE $TRUMP” on his social media platform Truth Social. The whale then sold the TRUMP stash an hour later, booking a $207,000 loss. However, the loss pales in comparison to gains the whale made earlier this year when it spent 1.09 million USDC…
Top US-based crypto exchange platform Coinbase is adding three new Ethereum (ETH)-based altcoins to its suite of products, causing the assets to skyrocket. In a new announcement on the social media platform X, Coinbase says it’s adding support for decentralized roll-up protocol AltLayer (ALT), decentralized finance network Pendle (PENDLE), and gamified learning platform Layer3 (L3) nearly a week after adding them to its listing roadmap. News of the additions sent all three altcoins flying, as AltLayer, a protocol that uses rollups to enhance scalability, went from a low of $0.037 on March 26th to a peak of $0.041 a day…