Author: James Wilson
The Pi Network price remains in a tight range this week as traders wait patiently for the next potential catalyst. Pi Coin (PI), a popular cryptocurrency, was trading at $0.57 on Tuesday, down by 80% from its highest point this year. This decline has coincided with significantly lower demand, with a 24-hour volume of $47.5 million. There are signs that the Pi Network price will go parabolic in the coming weeks. On Monday, crypto.news pointed to the Wyckoff Method, a 90-year-old theory identifying the phases that assets move over time. The article noted that the coin is currently in the…
Tokenized real estate continues to evolve from niche experimentation to serious infrastructure. A recent Deloitte report predicts that the tokenized real estate market could reach $4 trillion by 2035. While the number is quite largee, it remains a drop in the bucket relative to the $658 trillion size of the global real estate industry. The thesis for tokenizing real estate is simple: blockchain can modernize how ownership is tracked, assets are accessed, and capital flows across markets. Real estate is about as “real world” as it gets, and seeing tokenization reshape the world’s largest asset class speaks volumes. To understand…
Ethereum has been struggling to keep up with the rest of the market. However, its upcoming Pectra upgrade may be the catalyst it needs. Ethereum’s (ETH) Pectra upgrade, scheduled for this week, has been on traders’ radar for some time. On Tuesday, May 6, Tracy Jin, COO of MEXC, shared her insights with crypto.news on the upgrade’s potential. Notably, Jin believes Ethereum has a unique opportunity to shift market sentiment. “Bitcoin’s dominance currently sits at a year-high of 63,9% while altcoins continue to struggle to capture any sustained market momentum outside trend-based and speculative movements. With investor sentiment cautious and…
The Camino Network Foundation has collaborated with Lufthansa Systems and Swiss International Air Lines have teamed up to develop innovative blockchain solutions for the travel industry. The Camino Network Foundation, airline industry information technology provider Lufthansa Systems and Switzerland’s national carrier helped this goal with a web3-focused hackathon in Frankfurt. Per an announcement shared with crypto.news, the event brought together experts who leveraged blockchain and artificial intelligence to develop solutions targeted as efficiency, cost-effectiveness and sustainability for the travel industry. Teams from 13 different travel and tech companies spent 48 hours working on practical, ready-to-use solutions. Participants at the hackathon…
Bitcoin is currently trading below the point of control after rejecting from a key dynamic resistance. The lower timeframe trend remains bearish, and its potential to influence higher timeframes is something traders should be mindful of moving forward. Following a rejection from the local high, Bitcoin (BTC) has returned to a key trading range, where price is now consolidating beneath the point of control (POC). This move aligns with the development of a swing failure pattern and the activation of a bearish harmonic structure, both of which contributed to the ongoing retracement. While this pullback hasn’t triggered a high-timeframe breakdown…
Bitcoin maxis say, “Never sell your Bitcoin.” They repeat it when the market crashes to urge people not to dump their BTC in a loss out of panic and fear. They repeat it when the price is going up because they believe that no matter how high the cost is in relation to previous levels, it is still negligible in comparison to the future levels. So if they never sell, why do they care about its price (oh, they do)? The message behind HODL The term “hodl” is one of the staples of hardcore bitcoiners. It is a misspelled word…
Hedera Hashgraph’s token extended its decline on Tuesday as both crypto and stock investors stayed on the sidelines ahead of the upcoming Federal Reserve announcement. Hedera Hashgraph (HBAR) price dropped for four consecutive days, reaching its lowest level since April 22. It has dropped by 15% from its highest point last week. HBAR dropped as most cryptocurrencies pulled back, with their market cap dropping from over $3 trillion last week to $2.9 trillion today. Top American indices like the Dow Jones and the S&P 500 dropped by over 0.50%. This price action reflects caution from market participants ahead of the…
XOCIETY, a pop shooter with role-play gaming progression powered by Sui, is set to team up with German sportswear giant Adidas. XOCIETY announced on May 6 that its partnership with Adidas will introduce exclusive ALTS by Adidas content on the gaming platform. The Sui (SUI)-powered XOCIETY, which is backed by prominent investors including Hashed, Spartan, and KRAFTON, plans to leverage the partnership to enhance digital identity and gameplay interactions across its ecosystem. ALTS by Adidas is an avatar-focused non-fungible token collection that features 20,066 unique digital avatars the company released in March 2023. The company has had notable crypto related…
Crypto markets saw 9.9% gains in April, led by Bitcoin, as tariff pauses boosted sentiment. Bitcoin (BTC) strengthened its dominance even as crypto markets are recovering. On Tuesday, May 6, Binance Research released a report on the state of the crypto markets in April. The report points out that the markets have recovered, gaining 9.9% over the month, largely thanks to pauses on tariffs. Despite the broader recovery, Bitcoin’s dominance has continued its steady rise, a trend ongoing since 2022. Currently, Bitcoin accounts for 63% of the total crypto market cap, the highest share since 2021. According to Binance Research,…
A high-profile House hearing on crypto regulation got testy Tuesday after House Democrats, led by Rep. Maxine Waters walked out in protest over President Donald Trump’s involvement in crypto. The joint hearing — organized by the House Financial Services and Agriculture Committees — was meant to discuss a new draft of market structure legislation that would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission. But, for a moment, the debate on regulatory frameworks was interrupted and marked by political tension. Waters, the ranking Democrat on the Financial Services Committee, formally objected…