Author: coinadrenaline

The Bitcoin price has suffered a violent rejection after hitting the $110,000 level, showing a clear intention of the bears to keep the digital asset from hitting new all-time highs. So far, the rejections from $110,000 have been swift and have put the bears back in control. This has given credence to calls that the Bitcoin price will fall back below the psychological level of $100,000, something that could trigger another wave of declines in the crypto market. Bitcoin Rejection At $110,000 Part Of The Plan? The Bitcoin price rejection has no doubt triggered a wave of panic among investors,…

Student loans continue to trouble millions of Americans, with a total of $1.77 trillion already owed. This crisis has been a major political issue for a while, especially after former President Biden promised to wipe out all of the student loan debt and ended up only fulfilling half of the promise. These billions of dollars are not just numbers on a spreadsheet; they represent people who repay their debt, every month, year in and year out. While the standard repayment plan spans 10 years, the reality is far more daunting: The average borrower takes 20-30 years to repay their loans. …

tl;dr Kintsugi🍵 in progress At the start of November, the Kintsugi🍵 month-long Merge sprint began! Kintsugi specs and milestones/plans were released, and now client teams are deep into the sprint with an aim to launch a persistent testnet in the first week of December. Kintsugi specs incorporate all of the learnings and minor adjustments from the Amphora interop. The Kintsugi November sprint, then, is an effort to (1) incorporate the new changeset and (2) refine and productionize Merge implementations. Kintsugi will culminate in the launch of a persistent multi-client testnet to run through the December holidays and serve as the…

Global e-commerce giant Shopify is rolling out early access to stablecoin payments in Circle’s USDC in collaboration with major US exchange Coinbase.Shopify plans to fully roll out USDC (USDC) payments on Coinbase’s Ethereum layer-2 (L2) network Base via Shopify Payments and Shop Pay throughout the year, the company announced on Thursday.“We think that stablecoins are a natural way to transact on the internet and worked with Coinbase to develop the commerce payment protocol smart contract that powers this work,” Shopify CEO Tobi Lutke said in an X post on Thursday.Coinbase CEO Brian Armstrong (left) and Shopify CEO Tobi Lutke announcing…

DeFi Development Corp. has announced a $5 billion equity line of credit to strengthen its Solana-focused treasury and accelerate its SOL per share growth strategy, marking a major commitment to the expanding Solana ecosystem. $5 Billion Equity Line to Drive DeFi Dev Corp’s Solana Accumulation DeFi Development Corp. (Nasdaq: DFDV), the first publicly listed U.S. […]

TRON had bullish momentum earlier this week, but lost it in the face of the bearish onslaught. A bullish phase had settled upon TRX, and did not signal an overextended market. TRON [TRX] had succeeded in breaking out past the five-month range high at $0.274. In a report from early June, it was suggested that TRON lacked momentum and buying pressure and could struggle to break out. Bitcoin’s [BTC] momentum had influenced the altcoin. BTC’s move toward $110k earlier this week prompted TRX to rally past $0.274. The subsequent BTC drop to $103.8k at the time of writing meant that…

Bitcoin has tumbled closer to the psychologically important $100,000 price level, dashing traders’ hopes of a new all-time high after Israel launched a series of airstrikes on Iran.Explosions reportedly rocked Iran’s capital of Tehran at 22:50 UTC on Thursday before Israel claimed responsibility for the attacks, which saw Bitcoin (BTC) drop 2.8% from $106,042 to $103,053 within 90 minutes before slightly recovering to $104,370 at the time of publication, according to CoinMarketCap.Bitcoin downtrend caught optimistic traders off guardThe drop caught traders offside, with approximately $427.84 million in long positions liquidated over the past 24 hours, according to CoinGlass data. Just…

Since 2019, we have supported UNICEF’s CryptoFund with recurring contributions, and we are excited about our most recent donation too. Today, I would like to share the story of our journey together, to recognize some of the achievements of our partnership, and to speak a bit more about what’s next. Why and how we started In a previous blog post, I explained how emerging economies represent a huge opportunity for Ethereum, and talked about the importance of asking ourselves “who would most benefit from Ethereum?” People living in emerging economies represent billions of next-generation users and developers of Ethereum. The…

Token supply spikes led to price drops across all five projects despite varying market cap changes MORPHO showed resilience, with minimal price loss and strong demand relative to its supply growth Emissions outpaced demand, reinforcing a pattern of post-unlock underperformance in token prices A 30-day supply analysis by Tokenomist (formerly TokenUnlocks) shows that major increases in token circulation continue to weigh on market performance. The report, covering five crypto projects, TAIKO, PYTH, MORPHO, NYAN, and SPEC, shows that higher float has not translated into stronger demand. All tokens listed recorded negative price returns, even in cases where market capitalization rose.…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s blistering second-quarter advance is tracking the strongest expansion in global liquidity on record, according to Real Vision chief crypto analyst Jamie Coutts, who argues that every additional percentage point of liquidity injected into the financial system “should” translate into a 20% gain for the cryptocurrency.…